[CoinMarketCap altcoin season index rises 1 point to 46]

CoinMarketCap’s Altcoin Season Index came in at 46, up one point from yesterday. The index compares the price performance of Bitcoin with that of the top 100 coins by market capitalization, excluding stablecoins and wrapped coins. A reading is considered altcoin season when 75% of the top 100 coins have outperformed Bitcoin over the past 90 days, while the opposite is considered Bitcoin season. The closer the index is to 100, the more it indicates altcoin season.
https://coinness.com/en/news/1174420

[Bitcoin may see relief rally as U.S. midterm uncertainty fades: CoinShares exec]

CoinShares Head of Research James Butterfill said a Democratic victory in the U.S. midterm elections has already been largely priced into Bitcoin and could pave the way for a relief rally as election uncertainty fades, according to Bitcoin.com News.

Butterfill told Bitcoin.com News the market appears to have already anticipated Democrats taking both the House and Senate, so the result will not necessarily lead to further downside. He added crypto-related legislation could be delayed, passage of the Clarity Act could become more difficult, and political momentum could be diluted by investigations into businesses tied to President Donald Trump’s family, potentially leading to a run of negative news across the industry.
https://coinness.com/en/news/1174421

[South Korea to issue guideline on immediate hack reporting by crypto firms]

South Korean financial authorities will draw up guidelines in November requiring virtual asset service providers to immediately notify the Financial Supervisory Service and the Financial Security Institute once they become aware of a security breach, according to Digital Asset.

South Korea’s Financial Services Commission has set up a reporting system under which virtual asset service providers must notify the two bodies alongside filing a report with the Korea Internet & Security Agency, or KISA, as soon as a breach is detected. Required disclosures include when the incident was identified, details of the breach, and the expected type and scale of damage. Authorities also plan to tighten security regulations for virtual asset service providers and conduct a sector-wide security inspection across the broader financial industry.
https://coinness.com/en/news/1174422
See more: https://www.digitalasset.works/news/articleView.html?idxno=44057

[F2Pool co-founder sold $18.5M in ETH, EmberCN says]

An address estimated to belong to F2Pool co-founder Wang Chun, beginning with 0xF42B, sold about 7,740 ETH worth $18.5 million during Ethereum’s rise on Nov. 4, according to EmberCN. The average selling price was $2,390.

EmberCN said Wang Chun has been buying BTC and ETH since late May. The address also deposited USDC obtained from the sale into Binance.
https://coinness.com/en/news/1174423

[Variational plans trading API launch this month, TGE this year]

Lucas.var, CEO of Variational, the company behind decentralized perpetual futures exchange Puffdex, said the company plans to release its trading API this month and hold a token generation event, or TGE, later this year.

Lucas.var added Puffdex is preparing to launch its public mainnet, while the trading API is being rolled out in stages to a limited group of whitelisted alpha testers. A full release is scheduled for this month, and the TGE and major partnership announcements are still on track for this year.
https://coinness.com/en/news/1174424

[South Korea’s ruling party backs crypto tax delay as fair-tax preparation]

Kwon Chil-seung, policy committee chair of South Korea’s ruling Democratic Party, described the party leadership’s formal proposal to the government to delay taxation on virtual asset income as responsible preparation for fair taxation, The Fact reported.

Speaking at a party policy coordination meeting at the National Assembly on Nov. 5, Kwon said consultations with relevant ministries and discussions with market participants had led to the conclusion that taxation should be implemented only after sufficient infrastructure and regulatory frameworks are in place to minimize market distortion and confusion. Kwon added that unprepared taxation could disadvantage compliant taxpayers and risk pushing the market underground, and said the party would use the grace period to swiftly pass a basic law on digital assets to formalize the virtual asset market under a legal framework and strengthen investor protections.
https://coinness.com/en/news/1174425
See more: https://news.tf.co.kr/read/ptoday/2385085.htm

[Blockaid raises $40M after Binance hack]

Blockchain security firm Blockaid has raised $40 million after the Binance hack, Axios reported.

On Oct. 29, Blockaid said it detected signs that 50 approvals under Ethereum Improvement Proposal 7702 had been bundled and executed in a single transaction from Binance hot wallet "Binance 14," raising the possibility of abuse of signing infrastructure rather than private key exposure. Blockaid detected the attack one minute and 55 seconds after the first large-scale transfer and later worked with the exchange to help freeze about $3 billion in assets, according to the report.
https://coinness.com/en/news/1174426

[Ethereum Foundation sets fork-by-fork path toward Lean Ethereum by 2029]

The Ethereum Foundation laid out a fork-by-fork roadmap to achieve Lean Ethereum by 2029. H* is set to be the last fork without Lean features, while I* is planned to introduce leanVM and Lean transactions. J* is slated to add Lean attestations, data availability sampling and PCS, with Lean Ethereum targeted for completion by L*.
https://coinness.com/en/news/1174427

[ZetaChain proposes burning 55 million ZETA, pledges not to sell 2027 foundation unlocks]

AI interoperability layer-1 blockchain ZetaChain said via its official X account that it had submitted its second governance proposal to ZetaHub, outlining its Solana migration plan, timetable and token holder protections.

Under the proposal, ZetaChain will shut down its native layer-1 operations on Dec. 9, according to the project, which specified the date in local time, and native ZETA tokens on the Solana network will be issued at a one-to-one ratio. About 55 million ZETA, worth roughly $2.04 million, previously allocated for validator rewards through 2027 will be burned in fixed monthly amounts. The proposal also said additional ZETA issuance on Solana will be permanently impossible, meaning no inflation will occur.

Token vesting for investors and core contributors will end on Jan. 1, 2027, and the foundation said it will not sell newly unlocked tokens in 2027. ZetaChain also released the first version of a new white paper focused on private AI on Solana. The governance vote is scheduled to run for 72 hours and end on Nov. 7.
https://coinness.com/en/news/1174428

[South Korea seeks 2-year delay to crypto income tax rollout]

South Korea’s Ministry of Economy and Finance said today it will work with the National Assembly to push a two-year delay in the start of taxation on virtual asset income, moving the implementation date to 2029 from 2027.

Deputy Prime Minister and Finance Minister Lee Hyeong-il made the remarks at a briefing at 6:00 a.m. UTC today at the Government Complex Seoul. The government also plans to speed up efforts to rationalize the tax system, including securing and linking overseas tax information and introducing a three-year loss carryforward, while accelerating legislation on digital assets to support the ecosystem. In addition, it plans to form a public-private joint working group to discuss tax infrastructure expansion and key policy tasks.

The ministry said additional preparation time is needed in light of institutional changes tied to digital asset legislation and the fact that virtual asset information-sharing with the U.S. is set to begin in 2029.

Note:
We obtained the press release from a community channel earlier today, then published content after verification. We were not aware of the embargo while the release had already spread across multiple communities. After identifying the embargo issue, we immediately removed the content.
https://coinness.com/en/news/1174429
See more: https://mofe.go.kr/nw/nes/detailNesDtaView.do?searchBbsId1=MOSFBBS_000000000028&searchNttId1=MOSF_000000000079862&menuNo=4010100

[Bithumb to temporarily suspend POL deposits and withdrawals]

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals of Polygon Ecosystem Token (POL) at 10:00 a.m. UTC on Nov. 5 to support a network upgrade.
https://coinness.com/en/news/1174430

[Hunter Biden says CLARITY failed as Trump rejected ethics provision]

Hunter Biden, the son of former U.S. President Joe Biden, said the only reason the CLARITY Act did not pass was that U.S. President Donald Trump did not agree to an ethics provision, according to an interview with CoinDesk.

Hunter Biden added that if Trump had agreed to the ethics provision, more Democratic lawmakers would have supported the bill, and the U.S. SEC or CFTC could have provided far greater clarity than they do now.
https://coinness.com/en/news/1174431

[India warns AI-enabled hackers are expanding attacks on crypto exchanges]

India’s national cybersecurity agency warned AI-enabled hacking groups are expanding cyberattacks against cryptocurrency exchanges and financial firms, stealing wallet private keys and funds.

According to Cointelegraph, the Indian Computer Emergency Response Team, or CERT-In, said in a security advisory issued on Nov. 4 local time that it had named the threat actor “CRAFTY FALCON.” The notice was a follow-up to an attack campaign first detected and flagged in October. This time, it explicitly identified cryptocurrency exchanges as targets and disclosed more specific signs of the use of AI-based attack tools.

CERT-In said the attacks are ongoing and additional breaches have been reported even at non-bank financial companies and fintech firms that had implemented response measures following the earlier security warning.
https://coinness.com/en/news/1174432

[Japan’s Zaif says 380,536 user email addresses were leaked]

Japanese cryptocurrency exchange Zaif said on Nov. 4 that a total of 380,536 user email addresses were leaked, according to a notice posted on its official website.

Zaif said Arara Inc., the operator of email delivery service "arara message," reported that customer email addresses registered in the server environment used by the exchange had been exposed externally. The exchange said the leaked information was limited to email addresses and did not include personal information such as names or email contents. It added that users should watch for phishing scams and other abuse involving their email addresses.
https://coinness.com/en/news/1174433

[Aptos pushes to expand institutional finance infrastructure]

Aptos is pushing to expand into a comprehensive onchain finance platform, backed by ecosystem participation from major financial and crypto firms including BlackRock, Franklin Templeton, Aave and Bullish, Crypto Briefing reported.

The network aims to offer stablecoins, tokenized funds, lending, trading and payment services on a single network. It is positioning financial infrastructure for institutional investors as a key growth driver.

Meanwhile, Aptos’ stablecoin market capitalization stood at about $773 million as of early November 2026, down about 48.1% from its peak of $1.49 billion in October last year.
https://coinness.com/en/news/1174434

[South Korea’s FTC says review outcome on Dunamu-Naver deal not finalized]

South Korea’s Fair Trade Commission said the outcome of its review of a proposed business combination between Naver Financial and Dunamu has not been finalized.

The statement followed a report by The Korea Economic Daily TV that the commission was set to review the combination on Nov. 18 and that the process was effectively at the approval stage. The outlet also said that if the South Korean regulator approves the deal, the two companies will complete merger procedures in March next year.

In response, the South Korean regulator said the review result for the Naver Financial-Dunamu combination has not been finalized and urged caution over the report.
https://coinness.com/en/news/1174435

[LeisureMeta to gradually unlock DAO token allocation, keep KODA-held supply off market]

Blockchain metaverse platform LeisureMeta (LM) said it plans to gradually unlock tokens allocated to its DAO on a preset schedule under the token allocation and distribution plan in its white paper.

The company added all DAO tokens currently held in custody at Korea Digital Asset (KODA) will not be transferred to external wallets or circulated in the market regardless of whether the lockup is lifted. LeisureMeta said the measure is intended to support a sound token economy and maintain market stability.
https://coinness.com/en/news/1174436

[a16z-linked addresses deposit $12.6M in HYPE to exchanges over 16 hours]

a16z-linked addresses deposited 148,145 HYPE worth $12.63 million to exchanges over the past 16 hours, according to ai_9684xtpa. HYPE was trading at $85.26 at the time of the deposits.

a16z is the largest institutional holder of HYPE and has so far deposited a total of 233,000 HYPE worth $20.60 million to exchanges. Exchange deposits are typically viewed as intended for selling, and if the tokens were sold, the firm is estimated to have made about $1.14 million in profit.
https://coinness.com/en/news/1174437

[French bank confirms hack tied to fraudulent transfers converted into crypto]

French bank Crédit Mutuel Arkéa said a cyberattack led to fraudulent transfers from its accounts, and the funds were converted into cryptocurrency through a specialized platform.

On-chain analyst ZachXBT had said on Nov. 2 that a Europe-based crypto company suffered a $106 million hack. ZachXBT later raised the estimated loss to $133 million. Crédit Mutuel Arkéa did not specify the exact amount lost, but confirmed the breach and said client assets were not affected.
https://coinness.com/en/news/1174438

[Bithumb to temporarily suspend deposits, withdrawals for 35 Base-based tokens]

South Korean exchange Bithumb announced it will temporarily suspend deposits and withdrawals for 35 Base-based cryptocurrencies at 2:00 p.m. UTC on Nov. 5 due to a network upgrade on Base.

The affected assets are Avanta (AVNT), AWE (AWE), Axis Robotics (AXIS), B3 (B3), Brett (BRETT), Chainbase Token (C), CARV (CARV), CheckMate (CHECK), Cluster Protocol (CP), Citrea (CTR), Definitive (EDGE), HeyElsa (ELSA), FLOCK (FLOCK), GoPlus (GPS), DeFi App (HOME), Impossible Cloud Network (ICNT), KAITO (KAITO), MIRA (MIRA), OX Exchange (O), OpenGradient (OPG), Puffer (POD), Wayfinder (PROMPT), Squid (QUID), Recall (RECALL), Sapien (SAPIEN), Sign (SIGN), Theoric (THQ), Toshi (TOSHI), Towns (TOWNS), Intuition (TRUST), Superform (UP), Virtuals Protocol (VIRTUAL), Venice Token (VVV), Doppler Finance (XDP), and Zora (ZORA).
https://coinness.com/en/news/1174439

[Trump Media deposits $343.7M in BTC to Crypto.com]

Trump Media deposited 4,259 BTC to Crypto.com around 40 minutes ago, according to Lookonchain. The transfer was worth $343.67 million. Exchange deposits are typically interpreted as being intended for a sale.
https://coinness.com/en/news/1174440