[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

[Hyperliquid whale with 100% win rate over past 3 weeks adds to ETH longs]

A whale address that posted seven straight profitable Ethereum trades over about three weeks from Oct. 18 to Nov. 6 has further increased its ETH long position. Around 11 hours ago, the address added a 4,223.37 ETH long worth about $8.97 million, bringing the total position to 24,500.49 ETH.

The position is currently showing an unrealized loss of about $2.182 million, while its liquidation price of $1,310.81 remains some distance away. According to CoinMarketCap, ETH was recently trading at $2,116.78, down 5.22%.
https://coinness.com/en/news/1174831

[ECB selects 36 payment firms for digital euro pilot]

The European Central Bank has selected 36 payment service providers to take part in its digital euro pilot, NewsBTC reported. The ECB chose the participants from more than 50 applicants and plans to test-run the digital euro payment system for about 12 months starting in the second half of next year. The pilot will assess digital wallets, merchant payments, integration with existing financial systems, security and ease of use.
https://coinness.com/en/news/1174832

[South Korean police to store seized crypto with Upbit Custody]

Cryptocurrencies seized by South Korean police will be placed in outsourced custody with Upbit Custody, operated by Dunamu, starting today, Segye Ilbo reported.

The report said the system was introduced after repeated incidents in which crypto assets confiscated by police were lost. Going forward, seized crypto will be transferred to Upbit Custody and stored in cold wallets, which are not connected to the internet, until it is returned, provisionally returned, or sent along with a case. Once a case is referred, the crypto assets will be moved to an account linked to the public prosecution service. The police are also reviewing the creation of a new organization to strengthen expertise in cyber and scientific investigations.
https://coinness.com/en/news/1174833
See more: https://www.segye.com/newsView/20261109515729

[Progmat partners with Canton developer on tokenized Japanese government bonds]

Progmat, a Japanese platform for issuing and managing digital assets, has signed a memorandum of understanding with Digital Asset Holdings, the developer of the Canton blockchain, to build an on-chain trading and settlement system for real-world assets including Japanese government bonds, CoinPost reported.

The two companies plan to first connect Progmat’s digital asset issuance and management platform to the Canton network and then pursue the implementation of "tJGB," a tokenized form of Japanese government bonds designed to preserve the bonds’ legal character and settlement finality. The plan is to enable blockchain-based 24/365 settlement while maintaining the existing framework for transferring rights tied to government bonds.
https://coinness.com/en/news/1174834

[Binance Pool hash rate drops 65% ahead of Nov. 10 shutdown]

Binance Pool’s hash rate fell 65% to around 9.2 EH/s in October from about 26 EH/s in December last year ahead of the service’s shutdown on Nov. 10.

Of about 925 blocks generated on the Bitcoin network over the past week, Binance Pool mined just one, or 0.11%. Its last mined block was recorded at 1:15 a.m. UTC on Nov. 6 at block height 974,743, and it posted no mining results over the past 24 hours.
https://coinness.com/en/news/1174835

[Waves requires all node operators to update to v1.6.5]

Layer-one blockchain Waves announced that, for security reasons, all Waves node operators must complete a mandatory update to the latest version, v1.6.5. It directed operators to follow the release notes for the update procedure.
https://coinness.com/en/news/1174836

[Pendle launches interface for fund-level disclosures in RWA market]

Decentralized exchange Pendle said it has launched an RWA interface that provides fund-level disclosure information for the real-world asset market. The platform’s PENDLE buybacks have surpassed 3 million PENDLE, or six times the V2 issuance. STRCx on Pendle has risen above $50 million to a record high, with about 30% of total STRCx supply on the platform.
https://coinness.com/en/news/1174837

[Coinbase obtains U.S. federal trust bank license]

Coinbase has obtained a National Trust Bank license from the U.S. Office of the Comptroller of the Currency, CoinDesk reported today. Earlier, Coinbase National Trust, a Coinbase subsidiary, received conditional approval from the OCC in April.
https://coinness.com/en/news/1174838

[3 key Bitcoin market watch points for this week]

Cointelegraph outlined three key factors to watch in the Bitcoin market this week.
- Whether BTC holds support at the 21-week moving average of $73,078
- How Nvidia CEO-related risk and volatility in Nasdaq futures could affect the crypto market
- Market volatility tied to upcoming macro data releases, including the U.S. Consumer Price Index and Producer Price Index
https://coinness.com/en/news/1174839

[13 of 15 buyback-model tokens have outperformed BTC this year: DWF Labs]

Of 15 tokens that have operated or announced buybacks or other holder value-return mechanisms this year, 13 have outperformed Bitcoin in year-to-date returns, according to a DWF Labs report.

The report said HYPE and PUMP posted the strongest returns in the group, with 95% to 99% of revenue and 50% of net revenue, respectively, allocated to buybacks. By contrast, SYRUP has fallen about 45% year to date after reducing the share of revenue earmarked for buybacks, while LDO introduced an automated buyback system but has not yet executed actual purchases. DWF Labs said the findings show that beyond having a value-return mechanism, what matters is not only a token’s revenue scale but also the ability to return that value to holders on a sustained basis.
https://coinness.com/en/news/1174840