[Binance XRP reserves jump 280M in 2 days, up 11.9% since hack]

Binance’s XRP reserves rose by about 280 million tokens over two days, climbing from 2.35 billion on Nov. 3 to 2.63 billion on Nov. 5, The Crypto Basic reported, citing CryptoQuant data. The move came after a major hack on Oct. 29.

Binance’s net flow of large XRP transfers also reversed, shifting from a net outflow of 226 million on Oct. 29 to a net inflow of 273 million on Nov. 4, according to the report.
https://coinness.com/en/news/1174499

[Loopscale halts protocol amid ongoing hacking attempts, says user funds unharmed]

Solana-based DeFi lending protocol Loopscale said on X it has temporarily halted operations in response to ongoing hacking attempts.

Loopscale said its API had faced more than 30,000 malicious requests per day over the past week, prompting the shutdown to prevent losses. The attacks mainly targeted the SOL and USDC Genesis vaults, while assets in those vaults were replenished and no user deposits were lost. The protocol said it will not fully resume normal operations until it finishes assessing the scope of the attack and strengthens security measures, but plans to restore its interface and loan repayment functions soon to reduce forced liquidation risks.
https://coinness.com/en/news/1174500

[Soter Insure raises Series B investment from SC Ventures, SBI Group]

Digital asset insurance platform Soter Insure has secured strategic investment from major traditional financial institutions including SC Ventures, a fintech and venture investment arm of Standard Chartered, and Japan’s SBI Group, according to an announcement by Soter Insure on Nov. 5.

Existing investor Token Bay Capital also made a follow-on investment. The Series B round was previously led by Galaxy Digital and included participation from Coinbase Ventures, Franklin Templeton and Brevan Howard Digital. The total amount raised was not disclosed.
https://coinness.com/en/news/1174501

[BNB Chain TENDRIL pool hit by flash-loan exploit, loses $556K]

A liquidity pool tied to BNB Chain-based DeFi protocol TENDRIL suffered a flash-loan exploit, resulting in losses of about $556,000, BlockSec reported.

The attacker used a USDT flash loan worth about $30.64 million to distort the liquidity ratio in the TENDRIL/USDT trading pair. Subsequent swaps were then executed at the manipulated price ratio, rapidly draining the pool’s remaining 4.42 million USDT reserve. After immediately repaying the loan, the attacker walked away with a net profit of about $308,960.
https://coinness.com/en/news/1174502

[Thailand SEC files criminal complaint against Bitget over unlicensed operations]

Thailand’s Securities and Exchange Commission has filed a criminal complaint against BG Limited, the operator of crypto exchange Bitget, over allegations of operating without a license, Cointelegraph reported.

The regulator said Bitget provided cryptocurrency trading services in Thailand without authorization from 2022 to 2025 and collected trading fees. It added Bitget promoted its services through a Thai-language website and social media. The Thailand SEC also said it asked the country’s Ministry of Digital Economy and Society to block access to Bitget’s website, mobile app and other channels starting Dec. 5.
https://coinness.com/en/news/1174503

[IOST announces mandatory mainnet v4.10.0 upgrade]

High-throughput smart contract Layer 1 blockchain IOST announced a mandatory upgrade to mainnet v4.10.0. All node operators must complete the upgrade before the network reaches block height 480080000, which is expected at 11:45 p.m. UTC on Nov. 10.
https://coinness.com/en/news/1174504

[Hong Kong to open market to qualified global exchanges, file AML bill revision this year]

Hong Kong is actively encouraging qualified global virtual-asset trading platforms to seek licenses as it steps up efforts to strengthen its regulatory framework as a Web3 hub, according to Hong Kong Wen Wei Po.

Joseph Chan, acting secretary for financial services and the treasury, said international virtual-asset exchanges can apply for a virtual asset service provider, or VASP, license at any time as long as they meet Hong Kong’s legal requirements and Securities and Futures Commission, or SFC, rules. Chan added the SFC and Invest Hong Kong are in regular contact with leading global exchanges to promote Hong Kong’s regulatory infrastructure and market opportunities.

Separately, Chan said the SFC plans to formally submit a revision to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, or AMLO, to the Legislative Council by year-end.
https://coinness.com/en/news/1174505

[VanEck says AI-focused BTC miners fell 35% in October, now look oversold]

Shares of Bitcoin mining companies that shifted toward AI data center infrastructure fell an average of 35% in October and now appear oversold, CoinDesk reported, citing an analysis by asset manager VanEck.

VanEck said concerns over debt burdens at GPU leasing companies such as CoreWeave had spread to power infrastructure providers including Hut 8 and Core Scientific, but argued the sell-off did not properly reflect those companies’ fundamentals. The firm added power supply remains the main constraint on AI infrastructure expansion and said existing lease contracts have not been canceled. Given the cash flow tied to long-term contracts, current share prices are significantly undervalued relative to corporate value, VanEck said.
https://coinness.com/en/news/1174506

[Hong Kong backs $29.5M in asset tokenization through blockchain pilot subsidies]

Hong Kong’s government said asset tokenization totaling HK$230 million ($29.5 million) had been completed through its blockchain and digital-asset pilot subsidy program as of June this year.

Joseph Chan, acting deputy secretary for financial services and the treasury, said the program had supported nine pilot projects covering real-world asset tokenization, payments and stablecoin infrastructure, security and risk management, and decentralized identity verification.
https://coinness.com/en/news/1174507

[Balancer says it identified over $500K in unclaimed user funds]

DeFi protocol Balancer said on X it identified more than $500,000 in unclaimed user assets in recent weeks.

Balancer said the assets remained in Balancer v3 buffers, past v2 liquidity mining rewards and unclaimed protocol fees after veBAL ended. On the Gnosis network, Balancer also found 128,000 unclaimed LDO. Balancer said it notified asset owners it was able to contact, and most have started recovering the funds.
https://coinness.com/en/news/1174508

[ZetaChain proposes ending L1 block production, migrating ZETA to Solana on Dec. 9]

ZetaChain has put forward an on-chain proposal to permanently halt block production on its existing layer-one network starting Dec. 9 and migrate all native ZETA tokens to Solana SPL tokens on a one-to-one basis.

The proposal is aimed at addressing the cost of maintaining a standalone mainnet and liquidity fragmentation, while pivoting to ZetaLabs, a privacy-focused AI application for financial markets, by leveraging Solana’s high-speed infrastructure. Under the plan, ZETA would be reshaped into a utility token for AI payments, premium feature access, and decentralized governance.

ZetaChain also plans to gradually burn roughly 55 million ZETA that would no longer be needed for validator rewards after the network shutdown over the course of 2027, reducing inflation pressure. The governance vote runs through Nov. 7.

If approved, the move would mark a symbolic case of an existing layer-one project giving up its standalone network and shifting into an app- and AI-protocol role within a major ecosystem.
https://coinness.com/en/news/1174509

[Crypto industry rethinks TradFi-style safeguards after Binance hack]

Calls are growing within the crypto industry to adopt traditional finance risk controls such as trade reviews and settlement delays after the recent Binance hack, Bloomberg reported.

Tianzeng, CEO of crypto hedge fund Third Eye, said the industry could consider shortening the traditional T+1 settlement cycle to T+1 hour, adding that a set settlement delay and review procedures could limit hackers’ ability to move funds quickly. Joshua Lim, co-head of markets at FalconX, said more clients are no longer willing to unconditionally accept the risk that trades cannot be reversed as institutional participation increases.
https://coinness.com/en/news/1174510

[Ledger hacker-linked address sends another $2.1M in ETH to Tornado Cash]

A wallet linked to the Ledger hacker transferred another 885 ETH, worth about $2.14 million, to crypto mixing protocol Tornado Cash about two hours ago, according to Lookonchain.

Tornado Cash is a service that mixes cryptocurrency transaction records, making fund flows harder to trace.
https://coinness.com/en/news/1174511

[Core Scientific posts $232.9M in Q3 revenue as AI pivot gains traction]

U.S. Bitcoin miner Core Scientific (CORZ), which emerged from bankruptcy protection in early 2024, generated $232.9 million in third-quarter revenue as it continues shifting into AI and HPC, or high-performance computing, data center leasing. According to a company announcement on Nov. 5 local time, total third-quarter revenue jumped 41.8% from $164.2 million in the previous quarter.

The company said its high-density colocation business drove the revenue increase. After colocation revenue in the second quarter reached $136 million, more than six times its self-mining revenue of $21.5 million, leasing revenue tied to AI power supply again led performance this quarter.
https://coinness.com/en/news/1174512

[Strategy’s unrealized BTC gain nears $1B]

Strategy’s unrealized profit on its Bitcoin holdings stood at about $919 million as of Nov. 3, Bitcoin News reported, citing Arkham data.

Strategy bought an additional 811 BTC for about $65.5 million in the final week of October, bringing its total holdings to 849,327 BTC. The value of those holdings is estimated at about $65.9 billion. However, unrealized gains and losses remain highly volatile, as the value of the holdings changes by about $850 million for every $1,000 move in Bitcoin’s price.
https://coinness.com/en/news/1174513

[BTC rebound lacks leverage, spot demand support, analysis says]

Bitcoin has recovered the $80,000 level after absorbing a short-term shock tied to the U.S. midterm election results, but caution is warranted on chasing the move as futures open interest remained flat and spot inflows stayed weak, according to CoinDesk.

CoinDesk said Bitcoin showed a short-term rebound, but two key drivers needed to sustain further gains were missing. First, Bitcoin futures open interest stayed around $53.4 billion, signaling no clear sign of fresh capital entering the market. Second, U.S. spot ETF net inflows totaled just $74 million, while the Coinbase premium remained negative, indicating U.S. institutional spot demand was still subdued.

The recent rebound was driven largely by a broad short squeeze as Treasury yields fell and the dollar weakened. Of the $450 million in crypto short positions liquidated over the past 24 hours, Bitcoin accounted for $300 million, the highest level since Sept. 21.

Analysts said that after the initial rebound led by short covering, a second leg higher would require meaningful net spot inflows. Major exchanges and research firms characterized the rally as a simple relief rally and recommended phased buying and conservative position management until U.S. labor market data and ETF fund flows provide clearer direction.
https://coinness.com/en/news/1174514

[James Wynn re-enters BTC short after 3 liquidations in a day]

James Wynn, a well-known trader on Hyperliquid, bet on further downside in Bitcoin even after being forcibly liquidated out of three short positions in a single day, according to BeInCrypto.

Wynn lost about $1,940 after three BTC short positions on Hyperliquid were liquidated on Nov. 4. Around 20 minutes after the final liquidation, Wynn opened another short position near $80,430. Wynn argued, "Bitcoin will go much lower." The new position was worth about $19,280, with a liquidation price near $81,375.
https://coinness.com/en/news/1174515

[Sei says it is safe from new collision attack targeting LtHash]

Layer-1 blockchain Sei said it is safe from a new collision attack targeting LtHash, a hash used to generate data fingerprints in its storage layer.

Sei said the attack would require at least 550^8 items in each of two different states sharing the same LtHash value to succeed. The network added that its current state contains around 1 billion items, far below the scale required for such an attack.
https://coinness.com/en/news/1174516

[Ukraine central bank seeks rewrite of crypto legalization bill]

Ukraine’s National Bank has formally opposed a bill in parliament to legalize and tax cryptocurrencies, calling for a full rewrite over concerns about monetary sovereignty and financial stability, CoinDesk reported.

According to CoinDesk, the National Bank of Ukraine said bill No. 10225-d lacked key safeguards required under the EU’s MiCA framework and IMF recommendations, while also criticizing the legislative process as opaque. The central bank warned foreign-issued tokens could flow into the country without local oversight and effectively function as e-money, which it said could seriously undermine national monetary sovereignty and financial stability. It called for restrictions on the use of overseas tokens and authority to assess them.

The bank also took issue with the bill’s proposed market structure and tax benefits. CoinDesk said a previously agreed limit of three exchanges selected through a competitive process was softened to let the National Securities and Stock Market Commission decide the number of operators for five years, raising concerns about market concentration and collusion. Tax terms also became a flashpoint after the original 23% capital gains framework, made up of an 18% income tax and a 5% military levy, was substantially eased to include a temporary 5% preferential rate through 2028 and a tax exemption on coin-to-coin trades.
https://coinness.com/en/news/1174517

[Based to offer Atlas-powered trading from Nov. 30]

Decentralized perpetual futures exchange Based (BASED) said it is building its trading service on Atlas, LayerZero’s trading engine for global markets.

Atlas integrates order matching, liquidation, settlement and risk management into a single engine, while offering 24/7 trading and instant settlement. LayerZero’s Zero mainnet and Atlas are scheduled to go live on Nov. 30, 2026. Based plans to offer Atlas-based trading through its mobile app and web terminal from launch.
https://coinness.com/en/news/1174518

[Bubblemaps flags 4 meme coin KOLs over front-running, wallet splitting claims]

Blockchain analytics platform Bubblemaps said it traced onchain wallet flows tied to four prominent influencers in the meme coin market and raised allegations of front-running and exaggerated profit claims.

According to a Bubblemaps statement on Nov. 5, "Kimchi," a Pump.fun partner, is suspected of concealing related wallets, with cluster analysis indicating actual profits of around $6 million rather than market rumors of $40 million from the TRUMP token. Bubblemaps also said "Solstice" was directly linked to issuer wallets for meme coins the account promoted and used a bundling method that spread holdings across dozens of nominee wallets in 0.5% to 1% increments. It added signs also showed followers were used as exit liquidity.

Bubblemaps said "Anglio" bought through a related wallet an average of 20 seconds before posting buy recommendations on X, then sold immediately for about $130,000 in profit, and acknowledged the practice. It also estimated that "0xEthan" realized about $125,000 in gains by selling within three minutes after publishing recommendation posts and by splitting purchases across secret wallets.
https://coinness.com/en/news/1174519