[Jeffrey Huang winds down 18-month ETH long after $37.46M in losses]

Taiwanese singer Jeffrey Huang, known as Machi Big Brother, has effectively wrapped up an 18-month Ethereum long-trading run, EmberCN reported. Since May 2025, Huang had opened high-leverage long positions on Hyperliquid almost daily, posting cumulative losses of $37.46 million. Yesterday morning, Huang also sold six BAYC NFTs to cover collateral after a forced liquidation. Huang has meanwhile deposited the remaining funds into perpetual futures DEX Papertrade.
https://coinness.com/en/news/1174942

[NHN says it is focusing group capabilities on digital asset, stablecoin payments]

NHN said it is concentrating group-wide business capabilities to prepare for a future payments environment centered on digital assets and stablecoins.

During its third-quarter 2026 earnings conference call on Nov. 10, NHN said it is preparing a stablecoin business to respond proactively to a future payments environment centered on AI and digital assets. The company added that payments subsidiary NHN KCP is strengthening cooperation with the global technology ecosystem by joining Google’s standard agent payment protocol, "AP2," and the Agentic AI Foundation, or AAIF, under the Linux Foundation.

In that context, NHN CEO Chung Woo-jin said the company aims to firmly establish itself as a market-leading player in businesses that could become future growth drivers, including stablecoins and AI agent payments.
https://coinness.com/en/news/1174943

[Ondo Finance plans tokenized product for Anthropic IPO day]

RWA platform Ondo Finance (ONDO) said it plans to launch a tokenized product on the day of Anthropic’s initial public offering to provide onchain investment access.

Matthieu de Vergnes, Ondo Finance’s head of institutional business, said the company had previously provided onchain investment access during the SpaceX IPO and plans to apply the same model to Anthropic. He said even Southeast Asian investors without U.S. brokerage accounts would be able to invest in Anthropic shares on the IPO day with only a wallet and internet access, adding that this is central to the financial access Ondo Finance aims to provide.
https://coinness.com/en/news/1174944

[Japan FSA warns against unregistered crypto exchanges over withdrawal-related losses]

Japan’s Financial Services Agency urged caution when dealing with unregistered cryptocurrency exchanges and other financial firms, saying it has received numerous reports of harm including refused withdrawals, excessive withdrawal fees and sudden loss of contact with operators.

The agency said on its website today that firms offering crypto trading services to Japan residents must register under domestic law. It added authorities cannot verify whether unregistered firms have proper investor protection systems in place, including segregated custody of client assets, bans on misleading advertising and security controls. As of Sept. 30, 27 cryptocurrency exchanges were formally registered in Japan.
https://coinness.com/en/news/1174945

[ETH-based stablecoins, tokenized fund market cap down 19% since Kelp DAO hack]

The combined market capitalization of Ethereum-based stablecoins and tokenized funds fell 19% over seven months after the Kelp DAO hack in April caused about $292 million in losses, according to blockchain data platform Token Terminal.

Token Terminal said the combined market cap of the two asset classes shrank to $168.3 billion as of Nov. 8 from about $206.7 billion on April 18, the date of the Kelp DAO hack. Stablecoin market capitalization fell to $153.3 billion from $182.0 billion, while tokenized fund market capitalization dropped to $15.0 billion from $25.1 billion.
https://coinness.com/en/news/1174946

[Trump Media posts $410M Q3 net profit as crypto, asset valuations rise]

Trump Media & Technology Group, the media company owned by the family of U.S. President Donald Trump, said it posted net profit of $409.7 million in the third quarter of 2026.

The profit reflects $496.1 million in combined realized gains and valuation gains on assets including cryptocurrencies and stocks, minus derivative losses of $54 million and other items. On an adjusted EBITDA basis, however, the company posted a loss of $12.3 million. Third-quarter revenue was $3 million, up 205% from a year earlier.

As of Sept. 30, total assets stood at $2.5 billion, including about $2.3 billion in financial assets such as cash and cryptocurrencies. TMTG said it plans to improve its digital asset management approach to manage risks tied to crypto price volatility while maintaining a long-term holding strategy. As of Sept. 30, TMTG held 15,649 BTC worth $1.3078 billion and 756.08 million CRO worth $50.3 million.
https://coinness.com/en/news/1174947

[Bakkt targets $6B in first-half 2027 transaction volume, double 2026 goal]

NYSE-listed crypto payment infrastructure firm Bakkt has set a target of $6 billion in platform transaction volume for the first half of 2027, CoinPost reported. That is double its full-year 2026 target of $3 billion.

Bakkt’s platform transaction volume totaled $147.9 million in the third quarter of this year, and the company plans to disclose monthly results starting in December. Third-quarter revenue fell 62.9% from a year earlier to $149.2 million. Net profit came to $14.3 million, returning to the black, although the figure included a $26.8 million non-cash valuation gain tied to Transchem stock warrants.
https://coinness.com/en/news/1174948

[Ark Invest sells $1.6M in Bitcoin ETF shares and $1.1M in Bullish stock]

Ark Invest, led by Cathie Wood, sold 64,295 shares of its spot Bitcoin ETF ARKB and 49,767 shares of cryptocurrency exchange Bullish (BLSH) on Nov. 9, according to the source. Based on the closing price that day, the sales were worth about $1.59 million and $1.13 million, respectively.
https://coinness.com/en/news/1174949

[IRS sends wave of crypto tax notice letters to investors]

The U.S. Internal Revenue Service has recently been sending Letter 6174, a tax-reporting guidance notice, to cryptocurrency investors on a large scale, Bitcoin.com reported. Clinton Donnelly, CEO of crypto tax service provider Cryptotaxaudit, said dozens of people, including his clients, had reached out after receiving the notice, adding the IRS may be pressuring recipients to review past tax filings and make any needed corrections. Donnelly also said receiving the letter alone does not mean a tax law violation and urged investors not to file amended returns or submit materials to the IRS before fully understanding their filing status.
https://coinness.com/en/news/1174950

[Ethereum Foundation sells $2.1M worth of ETH after 14 days]

The Ethereum Foundation sold 1,000 ETH worth $2.13 million after 14 days, according to ai_9684xtpa. ai_9684xtpa added that the foundation sold 2,785 ETH on Oct. 26 and currently holds 24,000 ETH worth $51.46 million.
https://coinness.com/en/news/1174951

[Hyperliquid stock perp volume tops BTC again, echoing past BTC rebound signal]

According to Glassnode, trading volume in stock perpetual futures on Hyperliquid has once again surpassed BTC volume. Glassnode said that despite persistent weakness in both U.S. stocks and Bitcoin prices over the past several weeks, crypto-native traders appear to be favoring stock products from a buy-the-dip perspective. It added that the stock-to-BTC volume ratio on Hyperliquid last peaked in August this year, when BTC was nearing a short-term bottom before staging a strong breakout rally.
https://coinness.com/en/news/1174952

[Anonymous whale appears to sell $15.9M in ETH after 11-year hold]

An anonymous whale address beginning with 0x8729, which bought 37,000 ETH in 2015 at an average price of $1.5, appears to have deposited 7,507.52 ETH worth $15.93 million to exchanges over the past nine hours for sale, according to ai_9684xtpa. The estimated return on the sale is 156,358%. Since Sept. 29, the address has deposited 12,163.52 ETH worth $28.54 million to multiple exchanges, with an average deposit price of $2,346.87.
https://coinness.com/en/news/1174953

[Bubblemaps says influencer Cupsey made $1.74M by prompting follower buying then dumping]

Crypto influencer Cupsey used nominee wallets to front-run followers and dump tokens on them, generating about $1.74 million in profits through 30 linked wallets since May, according to a Bubblemaps analysis.

Bubblemaps said Cupsey accumulated tokens near lows through an operating wallet, dispersed the holdings across multiple wallets, then used a public wallet to buy in ways that encouraged followers to copy the trades before selling through nominee wallets to exit positions. The analysis also found links between Cupsey and malicious rug-pull deployers tied to about $1.3 million in activity.
https://coinness.com/en/news/1174954

[South Korean police send 86 in alleged crypto investment scam to prosecutors]

South Korean police have sent 86 people, including two alleged ringleaders, to prosecutors over a suspected pseudo-deposit scheme that used overseas listed coin investments and electric vehicle battery investments as bait, according to Newsis.

South Korea’s North Chungcheong Provincial Police Agency said on Nov. 10 that its anti-corruption and economic crime unit placed two people, including a suspect identified only as A, under arrest and referred 84 other alleged members without detention. The group is accused of collecting investment funds by promising high returns and defrauding around 75,000 people of 10.2 billion won, or about $7.4 million, from September last year to September this year.

Most victims were age 60 or older, and investigators believe the group continued the scheme by exploiting victims’ limited familiarity with financial terminology. Police said they apprehended 102 key suspects between June and October, sought pre-indictment forfeiture preservation for 6.35 billion won, requested tax collection on 47.85 billion won in proceeds tied to the criminal organization’s corporate entity, and froze virtual assets worth about 10.65 billion won.
https://coinness.com/en/news/1174955
See more: https://n.news.naver.com/mnews/article/003/0014312739?sid=102

[Hut 8 moves 1,617 BTC again, raising odds of further cashing out]

Hut 8 transferred another 1,617 BTC worth about $121 million around two hours ago, a move seen as likely tied to selling, according to on-chain analytics platform Lookonchain. In October last year, the mining company sold 2,148 BTC at an average price of about $81,657, securing $175 million and using the proceeds for share buybacks.
https://coinness.com/en/news/1174956

[Tom Lee says weak ETH price reflects market impatience, sees 2-3 more bullish years]

Bitmine Chairman and Fundstrat co-founder Tom Lee said on X that Ethereum’s recent price performance has been disappointing, but reflects market impatience.

Lee said progress has been made this year in a tokenization supercycle, with most of it taking place on Ethereum. He added that Vitalik Buterin, the creator of Ethereum, has affirmed ETH as a store of value, that the crypto upcycle is only just beginning, and that the AI boom is not absorbing all new inflows of capital. Lee said the crypto market is likely to remain bullish over the next two to three years.
https://coinness.com/en/news/1174957

[South Korea reviews Naver Financial-Dunamu deal over competition concerns]

South Korea’s Fair Trade Commission has begun deliberations on the proposed business combination between Naver Financial and Dunamu after determining the deal may raise competition concerns, Digital Asset reported. The commission said on Nov. 10 it submitted an examiner’s report to the panel after completing procedures for proposed remedies related to the business combination through a comprehensive stock swap.

The commission said the mixed and vertical combination between leading players across multiple relevant markets could risk excluding competitors. It also said a competitive assessment is needed for the not-yet-formed market for issuing won-denominated stablecoins. The specific remedies were not disclosed.

The Fair Trade Commission plans to hold a full-panel meeting as soon as possible this year to decide whether to give final approval to the combination and what corrective measures to impose.
https://coinness.com/en/news/1174958
See more: https://www.digitalasset.works/news/articleView.html?idxno=44172

[CoinNess introduces AI monitoring for major crypto foundation updates]

To provide fast and accurate real-time news coverage, we have introduced an AI monitoring system for updates from major cryptocurrency foundations.

The system covers 785 cryptocurrency foundations as of Nov. 10.

The AI monitoring system uses the following distribution criteria:
- Newsworthiness: 30 points
- Market impact: 30 points
- Timeliness: 25 points
- Reliability: 15 points
- Total score required for publication: 80 points or higher
https://coinness.com/en/news/1174959

[24-hour crypto futures liquidations]

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours:
- BTC: $63.69 million liquidated (61.7% longs)
- ETH: $63.99 million liquidated (74.37% longs)
- ZEC: $7.78 million liquidated (87.22% longs)
https://coinness.com/en/news/1174960

[Bitcoin may rebound if inflation cools, with further downside below $73K]

With the U.S. October consumer price index due later today, Bitcoin could see a short-term rebound if inflation comes in lower than expected, CoinDesk reported. Crypto research firm BRN said easing U.S. inflation pressure would be positive for risk assets, but BTC would need continued spot ETF inflows and a shift by the Federal Reserve toward looser monetary policy to sustain further gains. Until then, BRN sees a higher likelihood of additional declines. It added that if BTC closes below $73,000 on the daily chart, it could fall to $70,000, and a deeper slide could send it below $60,000. Bitget Wallet analysts also said a hotter-than-expected inflation reading could strengthen expectations for a December rate hike by the Fed, while slowing core inflation could help BTC rebound. Still, they said a break below $73,000 could push BTC down to $68,000, while reclaiming and holding $80,000 would signal stronger buying demand.
https://coinness.com/en/news/1174961

[XRPL Foundation to offer up to $40K for educational content creators]

The XRPL Foundation said in an official X post on Nov. 9 it will provide grants of up to $40,000 to creators producing educational content related to the XRP Ledger.

Eligible content includes videos, tutorials, articles, graphics and animations. Suggested topics include the lending protocol, confidential transfers, the consensus mechanism, NFTs and XRP’s role.
https://coinness.com/en/news/1174962