[Upbit to suspend XEC deposits and withdrawals on Nov. 15]

Upbit announced it will temporarily suspend deposits and withdrawals for eCash (XEC) at 9:00 a.m. UTC on Nov. 15 due to a network upgrade.
https://coinness.com/en/news/1174809

[ArcBlock plans November upgrade, shift to web UI for Ethereum bridge]

Blockchain interoperability protocol ArcBlock (ABT) plans to upgrade the ArcBlock blockchain in November, the company said. The network will briefly enter a read-only state during the transition, but no manual migration will be required, and it will remain fully compatible with existing wallets and dapps.

ArcBlock also plans to move the Ethereum-ArcBlock bridge to a new web-based user interface that does not require DID Wallet’s multistep process and to eliminate bridge protocol fees, although Ethereum gas fees will still apply. The existing DID Wallet bridge is scheduled to be discontinued after the upgrade, with a short handover period possible.
https://coinness.com/en/news/1174810

[BTC perp long/short ratios on top exchanges by open interest]

The following are the 24-hour long/short ratios for BTC perpetual futures on the world’s three largest crypto futures exchanges by open interest:
Overall: 49.67% long, 50.33% short
- Binance: 48.22% long, 51.78% short
- OKX: 47.43% long, 52.57% short
- Bybit: 48.46% long, 51.54% short
https://coinness.com/en/news/1174811

[Dormant whale withdraws $73.8M in ETH from Binance after 2 years]

An anonymous whale address beginning with 0xC356 withdrew 34,601 ETH worth $73.75 million from Binance over the past three hours, according to Lookonchain. The address had been dormant for the past two years. Exchange outflows are typically interpreted as a sign of holding intent.
https://coinness.com/en/news/1174812

[Bithumb to temporarily suspend DON deposits, withdrawals on Nov. 10]

South Korean exchange Bithumb announced the temporary suspension of deposits and withdrawals for Donnie Finance (DON) starting at 2:00 p.m. UTC on Nov. 10 due to a network upgrade.
https://coinness.com/en/news/1174813

[South Korea sets court rules for crypto seizure and liquidation]

South Korea’s National Court Administration has established procedures for the compulsory execution of cryptocurrency, from seizure to liquidation, Yonhap reported. The revised civil execution rules, which reflect the legal nature of crypto assets and their trading structure, took effect on Nov. 1.

Because virtual assets have no physical form or public disclosure mechanism, there had been no specific execution rules for them under civil enforcement regulations. In practice, authorities had relied on procedures covering other property rights.

The National Court Administration formed a task force in July last year to prepare execution procedures for virtual assets and has since reviewed related legal principles and practical issues. Under the revised rules, compulsory execution targets and procedures are divided between cases in which a debtor uses a virtual asset service provider, such as an exchange, and cases in which a debtor directly holds virtual assets through a personal wallet.

For virtual assets held and managed through exchanges and similar platforms, the target of seizure is the right to claim transfer of the virtual asset. If a debtor directly manages virtual assets through a personal wallet or similar means, the virtual asset itself becomes subject to compulsory execution. The liquidation process may proceed through a transfer order, a sale order or other legitimate methods for claims to the transfer of virtual assets, depending on the application filed by the seizing creditor.
https://coinness.com/en/news/1174814
See more: https://www.yna.co.kr/view/AKR20261109115200004?input=1195m

[Solana developers move to retire feature tied to $270M Drift hack]

Solana developers are moving to retire the Durable Nonce feature that was exploited in the $270 million Drift hack in April, CoinDesk reported. The feature allows signed transactions to be executed without an expiration deadline, and the Drift hackers are known to have used it to hold pre-approved transactions for more than a week before executing them. According to improvement proposal SIMD-0723 submitted by Gabe Rodriguez of Solana core developer Anza, the change could take effect after May 5, 2027.
https://coinness.com/en/news/1174815

[BTC falls below $74,000]

According to CoinNess market monitoring, BTC has fallen below $74,000. BTC is trading at $73,968.26 on the Binance USDT market.
https://coinness.com/en/news/1174816

[Galxe to unify operations around Gravity L1, phase out Quest and ID services]

Web3 platform Galxe plans to unify its organization and brand around the Gravity layer-one blockchain, while gradually discontinuing related services including Galxe Quest and Galxe ID, The Block reported.

Campaign reward claims will close on Dec. 15, and the Galxe website will switch to read-only mode the same day. The G token will remain unchanged.
https://coinness.com/en/news/1174817

[UXLINK hacker starts cutting $148M long position on Hyperliquid]

A UXLINK hacker has begun unwinding a $148 million long position on Hyperliquid, according to EmberCN. The hacker built long positions in 30,282 ETH, 550,000 SOL and 35.03 million XRP in August, and two hours ago set a time-weighted average price, or TWAP, order to liquidate all of the longs over 16 hours. If the full position is closed, the estimated loss will be about $3.3 million. UXLINK was previously hacked for $44 million in assets on Sept. 22 last year.
https://coinness.com/en/news/1174819

[Upbit to temporarily suspend WAVES, MER transfers for wallet maintenance]

South Korean exchange Upbit announced a temporary suspension of deposits and withdrawals as wallets for cryptocurrencies on the Waves network undergo maintenance. Deposits and withdrawals for WAVES and withdrawals for MER will be temporarily suspended.
https://coinness.com/en/news/1174820

[New Zealand regulator considers easing rules for NZD-backed stablecoins]

New Zealand’s Financial Markets Authority is considering an interim regulatory framework for New Zealand dollar-backed stablecoins, The Block reported.

Under the proposal, stablecoins that meet specific requirements, including one-to-one backing with New Zealand dollars deposited at registered banks, would be exempt from financial product regulations under the Financial Markets Conduct Act. The authority plans to accept feedback on the proposal through Dec. 18.
https://coinness.com/en/news/1174821

[Analyst warns altcoin season may be over, sees further downside for HYPE, ONDO, QNT]

Cryptocurrency analyst Ali Martinez warned that altcoin season may be over and said HYPE, ONDO and QNT could face further declines. In a post on X, Martinez said HYPE appears close to breaking below the sideways range it had maintained over the past two months, with a failure to reclaim $75 opening the way to $64 and then $53. Martinez added ONDO could fall to $0.26-$0.19 if support at $0.35 breaks, while QNT has not yet confirmed a bearish breakdown but could decline further to $160 if a four-hour candle closes under $190.
https://coinness.com/en/news/1174822

[Bithumb suspends WAVES deposits and withdrawals]

South Korean exchange Bithumb announced the immediate suspension of WAVES deposits and withdrawals at the request of the Waves Foundation.
https://coinness.com/en/news/1174823

[$660M in BTC shorts face liquidation if Bitcoin tops $76,029]

If Bitcoin breaks above $76,029, about $660 million in short positions on major centralized exchanges could be liquidated, according to CoinGlass data. If BTC falls below $72,051, about $740 million in long positions could face liquidation.
https://coinness.com/en/news/1174824

[Animoca Brands co-founder Yat Siu to become CEO on Dec. 1]

Animoca Brands co-founder and Chairman Yat Siu will become CEO on Dec. 1 while retaining the chairman role, The Block reported. Group President Evan Auyang will move to a senior adviser position, and Siu will oversee the company’s AI agent and Web3 businesses.
https://coinness.com/en/news/1174825

[Bitcoin has faced selling pressure since late October, analyst says]

Bitcoin has remained in a seller-dominated market since late October, crypto analyst Woo Min-kyu said in a CryptoQuant contribution.

Woo said selling pressure dominated during the January downturn, while buying pressure prevailed during the August rally. Based on on-chain acquisition prices, investors who bought BTC one to three months ago have an average cost basis of about $79,300, roughly 5.7% above Bitcoin’s Nov. 8 closing price of $74,800. That suggests most recent buyers are sitting on losses.

Woo said those holders could sell as soon as they break even, making the area around $79,300 a strong resistance level. Woo added that BTC traded below the average cost basis of short-term holders for months during February to April and June to August this year before rebounding sharply later.
https://coinness.com/en/news/1174826

[Ankr-ETH bridge exploit drains about $292K, security firms warn]

A vulnerability in the bridge between multichain infrastructure platform Ankr and the Ethereum chain has exposed roughly $292,000 in losses, blockchain security firm Blockaid said. According to Blockaid, the attacker submitted five withdrawal requests to Ankr’s Ethereum cross-chain bridge, deposited a small amount on Optimism, and then withdrew all assets locked in the bridge to a new wallet. Assets worth about $292,000 have been drained through five transactions so far, and the attack is still ongoing, Blockaid warned.

SlowMist added that the attacker submitted forged cross-chain receipts that referenced the same legitimate Optimism transaction while changing the recipient address, token type and withdrawal amount. All five receipts included valid signatures from consensus signers trusted by the bridge, allowing the withdraw() function to release assets without separately cross-checking and verifying the receipts against events that actually occurred on the source chain, according to SlowMist.
https://coinness.com/en/news/1174827

[Binance says claimed 336M-user data leak is likely a scam]

Binance said claims that data tied to around 335.9 million users had been leaked were likely part of a scam, The Defiant reported.

A seller said to be linked to the hacking group ShinyHunters sought $900,000, claiming to hold data including emails, passwords, IDs and wallet private keys. After reviewing the post and sample data, Binance said it found no evidence that its systems or customer information had been compromised. Security firms also said the authenticity of the data had not been verified and assessed that the listing may have reused previously leaked material or been a fraudulent sales post.
https://coinness.com/en/news/1174828

[TOKEN2049 attendees targeted in hacking wave as trader loses about $4M]

A prominent trader lost about $4 million worth of crypto in hacking attacks targeting attendees of TOKEN2049 in Singapore this year, e27 reported.

Hackers set up malicious networks masquerading as public Wi-Fi at the event venue and nearby hotels and airports, luring users to phishing sites or prompting them to install malware. Suspicions were also raised that, at a side event presented as cybersecurity training, attendees were induced to install remote-access malware, which was then used to steal wallet private keys and other sensitive data. The trader affected, Frogman, was said to have been exposed to the attack while networking locally during the event period, with nine tokens stolen from two main wallets, according to the report.
https://coinness.com/en/news/1174829

[BTC needs to reclaim $75,000 to rebound, with $71,000 in play if it fails]

Bitcoin needs to first reclaim the $75,000 level to stage a rebound, and a failure to do so could leave the downtrend intact and open the way to $71,000, cryptocurrency analyst Michaël van de Poppe said.

Van de Poppe said Bitcoin started this week after posting five straight weekly bearish candles on the weekly chart. Amid that selling pressure, whether BTC can recover the $75,000 level and hold it could be a key variable for a short-term trend reversal, he said. A successful reclaim would be seen as a positive sign that buyers are regaining control, while a failure to recover the level would leave the trend reversal thwarted and point to further downside, according to the analyst.
https://coinness.com/en/news/1174830