[BlackRock preferred stock ETF PFF makes first $38.8M investment in Strive SATS]

BlackRock’s preferred stock ETF PFF has made its first investment in Strive’s SATS shares, adding 412,353 shares worth about $38.8 million, BitcoinTreasuries reported. The product is a high-dividend digital credit instrument issued by Strive, a Bitcoin treasury company, and the purchase marks PFF’s first SATS investment.
https://coinness.com/en/news/1174668

[Gauntlet proposes closing remaining Compound USDC borrowing positions on Scroll]

Gauntlet has proposed winding down the remaining borrowing positions in the Compound USDC Comet market on the Scroll network, according to Scroll.

Scroll advised users with outstanding USDC loans on Compound to review their positions and repay their debt to avoid potential liquidation. Users who have only supplied assets and have not borrowed are not subject to liquidation under the proposal.
https://coinness.com/en/news/1174669

[Solana Company plans Hong Kong expansion, APAC headquarters]

Nasdaq-listed Solana Company plans to expand in Hong Kong as demand for tokenized assets rises there, SCMP reported. The company, which focuses on buying and holding SOL, was designated a strategic enterprise by the Hong Kong government last month. It plans to make Hong Kong its new Asia-Pacific headquarters and explore digital asset infrastructure and service opportunities with local financial institutions.
https://coinness.com/en/news/1174670

[Vara Network approves proposal to create community treasury]

High-performance smart-contract layer-1 blockchain Vara Network said governance proposal No. 90, which calls for the creation of a community treasury, has been approved. Users with ideas that could benefit the network will soon be able to request funding through treasury spending proposals.
https://coinness.com/en/news/1174671

[Russia’s central bank allows retail investors to buy BTC, ETH and USDT]

Russia’s central bank has allowed non-qualified investors, or retail investors, to invest in BTC, ETH and USDT, TASS reported. Detailed trading conditions and investment limits were not disclosed.
https://coinness.com/en/news/1174672

[Bloomberg: BTC holds firm despite weakness in U.S. tech stocks]

Bitcoin has remained relatively resilient even as U.S. technology stocks weaken, Bloomberg reported.

Axel Rudolph, senior technical analyst at IG, said selling in tech stocks has spread amid doubts over the profitability of AI investments and concerns about tighter data center regulation, while BTC is holding its current range on buying demand. Rudolph added it is worth watching whether BTC is starting to decouple from tech stocks.

Samuel Lane, co-head of crypto trading at Marex, said selling pressure is easing, but the recent rebound looks more like a temporary relief rally. Lane added BTC needs to reclaim $77,000 to secure upward momentum and could retest $75,000 if the stock-market decline continues.
https://coinness.com/en/news/1174673

[247,000,000 USDT transferred from an unknown wallet to Bitfinex]

Whale Alert reported that 247,000,000 USDT has been transferred from an unknown wallet to Bitfinex. The transaction is valued at about $247 million.
https://coinness.com/en/news/1174674

[Room40 Capital to return outside capital, pivot to macro trading]

Crypto-focused hedge fund Room40 Capital plans to return all outside investor capital and revamp its investment strategy, Bloomberg reported. The firm will manage only its own capital and funds from a single institutional partner going forward, while broadening its existing crypto-focused strategy into macro trading.

In a letter to investors, Room40 Capital CEO Paul Yablon pointed to last month’s $6.3 billion Binance asset theft as an example of the crypto industry’s security problems. Room40 Capital said it had no exposure to Binance. Yablon also said investment opportunities in the crypto market offering high returns relative to risk have fallen sharply over the past year.
https://coinness.com/en/news/1174675

[Arbitrum says it worked with Robinhood on its proprietary chain]

Arbitrum, an Ethereum layer-two network, said it worked with Robinhood to help build Robinhood’s proprietary chain.
https://coinness.com/en/news/1174676

[Sanctum adds multisig security to all wallets in mobile app]

Solana-based liquid staking protocol Sanctum has introduced a two-of-three multisig security system for all wallets in its mobile app, Crypto Briefing reported. The setup requires approval from at least two of three keys to execute a transaction.

The keys consist of a biometric device key, a cloud key stored on iCloud or Google Drive, and a recovery key linked to an email account. The feature uses multisig infrastructure from Squads, which protects more than $15 billion in assets across the Solana ecosystem. Sanctum has expanded a security model previously used mainly by DAOs and project teams to individual users.
https://coinness.com/en/news/1174677

[Strive bought 8,136 BTC in Q3 at average price of $78,885]

Strive said in a filing with the U.S. SEC that it bought a total of 8,136 BTC in the third quarter at an average price of $78,885. As of Sept. 30, the company held 28,000 BTC with a fair value of $2.34 billion.

Strive posted third-quarter revenue of $2.696 million and net income of $509 million, with most of the profit recorded as unrealized gains from cryptocurrency revaluation. The company also bought an additional 15,124 BTC from Oct. 1 to Oct. 30 at an average price of $83,310, and as of Oct. 30 held 43,124 BTC and $490 million in cash and cash equivalents.
https://coinness.com/en/news/1174678

[U.S. October nonfarm payrolls rise 165,000, topping forecasts]

The U.S. Bureau of Labor Statistics said U.S. nonfarm payrolls increased by 165,000 in October, well above market forecasts for a gain of 65,000. The unemployment rate came in at 4.1%, below expectations of 4.2%.

The nonfarm payrolls report, published by the U.S. Department of Labor, is an official gauge of employment trends across both the private and public sectors and is among the data points the Federal Reserve considers when making interest-rate decisions. Stronger employment data, including higher job growth and lower unemployment, can support consideration of a rate hike or a hold to prevent overheating, while weaker data can support consideration of a rate cut to bolster the economy.
https://coinness.com/en/news/1174679

[Bitcoin faces support at $75K, resistance at $87K, analyst says]

Real Vision crypto market analyst Jamie Coutts said Bitcoin has key support at $75,000 and resistance at $87,000, according to a post on X.

Coutts said there is a price gap below $75,000 extending to the mid-$60,000 range, and a move into that zone would turn major trend indicators lower. He added that a breakout above $87,000 would confirm an August trend reversal in technical indicators and on-chain data.
https://coinness.com/en/news/1174680

[Dormant whale buys $228M worth of BTC after more than a year inactive]

An anonymous whale that had been inactive for more than a year bought 3,009 BTC worth about $228 million, according to Lookonchain.
https://coinness.com/en/news/1174681

[Binance co-founder says proof-of-reserves ZK proof is ready]

Binance co-founder Yi He said on X that a zero-knowledge proof for Binance’s proof of reserves is ready, adding that users can verify whether their account balances are backed one-to-one by assets. Yi He also said there may be a time lag between completion of the zero-knowledge proof and user verification, depending on the size of the assets.
https://coinness.com/en/news/1174682

[Foundation hack exposed 21,463 customer emails in phishing campaign]

Bitcoin hardware wallet maker Foundation disclosed details of a system breach that exposed customer information after hackers exploited vulnerabilities in its self-hosted Cal.com booking system and Bank-Vaults to steal credentials and access customer data and the company’s email system.

The attack began on Oct. 21, and the hackers tried to send more than 23,000 phishing emails through Foundation’s official email address on Oct. 25, targeting 21,463 email addresses. The exposed data included customer names, addresses, phone numbers, order histories and partial payment card information. The hackers later used the stolen customer data in phone scams seeking victims’ Bitcoin seed recovery phrases.

Foundation said employee accounts and devices were not compromised and assets stored in its Passport hardware wallet remain safe. The company added it plans to reduce its use of self-hosted servers and shift to externally managed services.
https://coinness.com/en/news/1174683

[U.S. Treasury, Fed withdraw proposal to lower cross-border crypto travel rule threshold]

The U.S. Treasury Department and the Federal Reserve announced they will withdraw a 2020 proposal to lower the recordkeeping and information-sharing threshold for cross-border fund transfers to $250 from $3,000, The Defiant reported.

The proposal would have required banks and nonbank financial institutions to collect, retain and transmit information on small transfers originating outside the United States or sent abroad, according to The Defiant. With the withdrawal, the existing $3,000 travel rule threshold will remain in place.
https://coinness.com/en/news/1174684

[Solana co-founder says U.S. Democrats will turn anger toward crypto]

Solana co-founder Anatoly Yakovenko said on X, "Democrats are going to direct all the rage at crypto because no one actually wants to stop building more data centers. Get ready to be the sacrificial lamb."
https://coinness.com/en/news/1174685

[Solana replaces mainnet consensus protocol with Alpenglow]

Solana said it replaced its existing consensus protocol on the mainnet with the new Alpenglow protocol on Oct. 21. Alpenglow targets transaction finality of around 150 milliseconds.
https://coinness.com/en/news/1174686

[U.S. DOL sends 401(k) alternative asset rule to White House review]

A final U.S. Labor Department rule that would open the door to adding Bitcoin, other digital assets, private equity and real estate as investment options in 401(k) plans has entered White House review, Bloomberg Law reported today.

According to Bloomberg Law, the U.S. Department of Labor formally submitted its final "Safe Harbor" rule on fiduciary liability to the Office of Information and Regulatory Affairs, or OIRA. The measure would reduce trustees' litigation risk when adding alternative assets to retirement plans. OIRA review is typically the final stage of the rulemaking process and signals publication in the Federal Register could be near within weeks.

Under the rule, legal protection would be available if pension managers, or fiduciaries, meet six requirements tied to performance, fees, liquidity, valuation, benchmarks and complexity. The change is expected to significantly lower lawsuit risk tied to adding alternative assets, broadening flexibility for retirement plan providers that had previously avoided crypto and private-market assets under the Labor Department's conservative guidance.
https://coinness.com/en/news/1174687

[ZEC risen 3.26% in the past 5 minutes]

ZEC has risen by 3.26% in the past five minutes on the COINNESS market. Currently, ZEC is trading at $1,362.32.
https://coinness.com/en/news/1174688