[Bithumb to list HYPE and CARDS on KRW trading pairs]

South Korean exchange Bithumb announced the addition of Hyperliquid (HYPE) and Collector Crypt (CARDS) for KRW trading. HYPE will be listed at 7:00 a.m. UTC today, while CARDS will be listed at 9:00 a.m. UTC today.
https://coinness.com/en/news/1174975

[DP lawmaker says government pledged to submit digital asset framework bill this month]

South Korean Democratic Party lawmaker Lee Kang-il said the government has pledged to submit a bill to establish a basic legal framework for digital assets this month, Digital Asset reported. Lee said the basic law should be enacted by year-end to support follow-up institutional reforms.

Speaking at a forum on the tasks ahead after the digital asset basic law held at the Financial Investment Association’s Leaders Hall on Nov. 10, Lee said the government had promised to submit the bill this month and added that the commitment was more specific than in the past.
https://coinness.com/en/news/1174976
See more: https://www.digitalasset.works/news/articleView.html?idxno=44179

[CertiK says cold wallet ratios alone fall short for exchange security]

Blockchain security firm CertiK said exchanges should set absolute U.S. dollar caps for hot wallet holdings rather than relying solely on cold wallet custody ratios, Cointelegraph reported today.

The firm pointed to weaknesses in the cold wallet storage ratio, a common exchange security metric, following a recent $6.3 billion Binance hot wallet breach. CertiK warned against exchanges emphasizing safety by saying 90% to 99% of assets are kept offline. While regulations in multiple jurisdictions mandate cold wallet ratios, including 80% in South Korea, 95% in Japan and 98% in Hong Kong, CertiK said an excessive focus on ratio-based rules can create other operational risks, including withdrawal delays, vulnerabilities tied to emergency fund transfers and concentrated key management.

CertiK recommended exchanges cap hot wallet holdings using the strictest standard among the ratio versus customer deposits, expected withdrawal volumes, and an absolute loss ceiling based on the exchange’s financial capacity, broken down by asset and blockchain. It also urged exchanges to put circuit breakers in place.
https://coinness.com/en/news/1174977

[Upbit to suspend ELF deposits and withdrawals on Nov. 17]

Upbit, a South Korean crypto exchange, announced it will temporarily suspend deposits and withdrawals of ELF at 1:00 p.m. UTC on Nov. 17 for a wallet upgrade.
https://coinness.com/en/news/1174978

[PBOC to probe parties tied to Solana promotional event in mainland China]

China’s central bank plans to investigate institutions and individuals involved in a Solana promotional event in mainland China after halting the event last month, the South China Morning Post reported. A People’s Bank of China official said Solana-related business qualifies as illegal financial activity under cryptocurrency crackdown rules issued in February by the PBOC and seven other agencies, and added Solana’s promotional activities in China also violated those rules.

Solana had planned to hold promotional events in major Chinese cities after opening a new office in Shanghai, but the first event in Shanghai was canceled. At the time, Solana Foundation Chairman Lily Liu said the schedule was postponed because the number of registrants exceeded the venue capacity reported to authorities.
https://coinness.com/en/news/1174979

[Crypto coalition backs CFTC oversight of single-stock perpetual futures]

Coinbase, Kalshi, Kraken, DRW, Jump Trading and Paradigm have filed an amicus brief backing the U.S. Commodity Futures Trading Commission’s regulatory authority over single-stock perpetual futures in the United States.

The filing comes after the CFTC approved extending the perpetual contract structure, which originated in crypto markets and has no expiration date, to U.S. single-stock derivatives. CME Group, Cboe and Citadel Securities, representing a coalition of traditional finance exchanges and market makers, then sued to overturn the approval, arguing the CFTC had overstepped its authority, as the jurisdictional dispute has intensified.

In the brief submitted to the court, the crypto and fintech coalition argued single-stock perpetual futures fall clearly within the CFTC’s regulatory oversight under the Commodity Exchange Act. The group also said the innovative derivatives could improve market liquidity and price discovery while trading safely within the regulatory framework.
https://coinness.com/en/news/1174980

[LNbits urges global server shutdown after exploit attacks hit Lightning services]

Bitcoin Lightning payment and wallet platform LNbits urged all server operators worldwide to shut down immediately after a series of exploit attacks disrupted parts of its network.

LNbits disabled its own cloud-hosted instances on Nov. 8 after signs of unauthorized account creation and withdrawals were detected, and also issued an urgent notice for self-hosted server operators to take their servers offline. Some services, including the Telegram tip bot 'BitTipBot,' were confirmed to have been affected, with about 2.28 million sats stolen. The incident temporarily disrupted key payment infrastructure, including merchant POS payments, online checkout and donation APIs.

The development team has merged code into its development branch under PR #4310, including measures to block internal requests and prevent account creation, but an official security patch has not yet been released as the formal version remains at v1.6.2.
https://coinness.com/en/news/1174981

[Bitcoin non-empty wallets fall by 109,000 in possible retail capitulation signal]

According to Santiment data on Nov. 10, the number of non-empty Bitcoin wallets has fallen by about 108,700 since peaking at 59.99 million on Oct. 16, a move seen as reflecting small-scale investors exiting the market amid a prolonged correction and stagnant prices.

On-chain analysts view this kind of retail capitulation as a typical precursor to bottom formation. In past cycles, broad retail exits and peak fear sentiment came ahead of major upswings. Bitcoin balances on exchanges have now fallen to around 1.28 million BTC, pointing to mounting supply pressure. Market watchers expect that if Bitcoin holds support in the $74,000-$75,000 range and reclaims $78,000-$80,000, exhausted selling and bargain accumulation by smart money could drive a broader trend reversal.
https://coinness.com/en/news/1174982

[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: 49.7% long, 50.3% short
- Binance: 50.41% long, 49.59% short
- OKX: 49.93% long, 50.07% short
- Bybit: 49.19% long, 50.81% short
https://coinness.com/en/news/1174983

[Polymarket rolls out withdrawal whitelist to block phishing and session-hijack losses]

Polymarket has officially launched a withdrawal address whitelist feature to help prevent asset losses tied to account hacks and phishing signatures. Josh Stevens, Polymarket’s vice president of engineering, said on Nov. 10 users can now set their accounts so funds can be withdrawn only to pre-approved addresses. Adding a new address requires passing a secondary email verification step, followed by a mandatory 48-hour withdrawal lockup period. If account compromise is suspected, users can immediately invalidate additional requests through the email sent to them.
https://coinness.com/en/news/1174984

[BTC spot CVD chart at 3:00 p.m. UTC on Nov. 10]

The spot CVD chart is an order book analysis chart for the BTC/USDT spot trading pair. The upper section shows a volume heatmap, while the lower section shows cumulative volume delta, or CVD.

- The upper volume heatmap tracks trading volume at each price level. The background color becomes brighter when the price remains in a specific range for an extended period or moves sharply. Brighter zones may act as support or resistance.

- The lower cumulative volume delta indicator reflects buy and sell orders by capital size. As buy orders increase, the line in the corresponding color moves higher. The yellow line represents orders between $100 and $1,000, while the brown line represents large orders between $1 million and $10 million.
https://coinness.com/en/news/1174985

[Jeffrey Huang takes $47.9K loss on BAYC NFT sale]

Taiwanese singer Jeffrey Huang, known as Machi Big Brother, sold BAYC NFT #7256 at a loss of about $47,870, according to Onchain Lens. The sale price was 7 ETH, or $14,850, which was 27.2 ETH below the 34.2 ETH Huang paid three years ago. CoinNess previously reported Huang had effectively wrapped up ETH long-position trading carried out over the past 18 months, with cumulative losses reaching $37.46 million.
https://coinness.com/en/news/1174986

[New whale wallets show signs of $186.3M in BTC accumulation]

On-chain monitoring data on Nov. 10 showed a newly created wallet, "bc1qga," transferred out 1,489 BTC worth about $111.34 million from institutional crypto custody platform BitGo.

Over the past 24 hours, three newly created wallets on Binance also withdrew a combined 1,002.86 BTC, worth about $75 million, to external wallets in split transactions. In total, newly created whale wallets accumulated and moved 2,491 BTC worth about $186.34 million to self-custodied wallets over the past day across major platforms.
https://coinness.com/en/news/1174987

[Solana Foundation VP says validator support overhaul aims to strengthen network stability]

As concerns grow over the fate of existing delegated stake after the Solana Foundation changed support criteria for its Solana Foundation Delegation Program, Jacob Creech, the foundation’s vice president of engineering, said the overhaul is intended to improve network stability and expand support for ecosystem contributors.

The changes include a 12-month participation limit, automatic graduation once a validator reaches 300,000 SOL in staked assets, a cap of 100 participating validators, and a requirement for validators to operate directly.

In a post on X, Creech said SFDP has served to foster new validators, support testnet operations, and enable early validation of network changes. He added that as the Solana network has grown, feedback indicated SFDP had not adapted sufficiently to those changes and lacked adequate standards. Going forward, Creech said, the foundation plans to maintain support for new validators while also rewarding validators that help improve network stability and contribute to ecosystem development.
https://coinness.com/en/news/1174988

[Min Byoung-dug says digital asset framework law should pass before January 2027]

Min Byoung-dug, a lawmaker from South Korea’s ruling Democratic Party, said a basic law on digital assets should be passed before January 2027, Digital Asset reported.

Speaking at DCON 2026 in Seoul on Nov. 10, Min said legislation has been delayed several times and can no longer be postponed. Min said the bill should pass during the current regular parliamentary session, or by Jan. 18, 2027 at the latest, and added he believes the ruling and opposition parties have nearly reached agreement.

Min also said there are concerns about collecting taxes before putting the basic law in place, adding that discussions on delaying digital asset taxation have underscored the urgency of enacting the legislation.
https://coinness.com/en/news/1174989
See more: https://www.digitalasset.works/news/articleView.html?idxno=44185

[Upbit temporarily suspends INIT withdrawals]

South Korean exchange Upbit announced it has temporarily suspended INIT withdrawals effective immediately after block production for Initia (INIT) stopped.
https://coinness.com/en/news/1174990

[Initia halts L1 after unauthorized transfers from escrow account]

Layer-1 blockchain Initia said on X it confirmed unauthorized asset transfers from an escrow account and, in consultation with validators, halted its L1 network at 6:18 a.m. UTC on Nov. 10 as a protective measure.

According to an initial investigation, the attacker forged IBC transfers using a compromised rollup infrastructure key. Before the shutdown, about $605,000 worth of USDC and about $10,000 worth of other tokens were moved out of Initia through Noble, while most of the remaining assets transferred from the escrow account appear to remain on the halted L1. Initia was also exposed to a vulnerability attack on Oct. 24, when more than $2.6 million in crypto was stolen.
https://coinness.com/en/news/1174992

[U.S. DOJ seeks forfeiture of $456.6K in USDT tied to romance scams]

The U.S. Department of Justice has filed a civil forfeiture action targeting $456,602 in Tether (USDT) to recover proceeds from fraud schemes carried out through social media and dating platforms.

According to a statement from the U.S. Attorney’s Office for the District of Massachusetts, the funds were identified as proceeds from a scam ring that approached victims through dating sites and Facebook, built personal relationships, and then lured them onto fake cryptocurrency investment platforms. U.S. authorities traced how money from victims in Massachusetts and elsewhere in the United States was laundered on-chain and identified the stablecoin assets. The U.S. Justice Department is pursuing civil forfeiture to block the concealment and movement of criminal proceeds, and plans to begin a victim restitution process if the court finalizes the forfeiture.
https://coinness.com/en/news/1174993

[Bithumb temporarily suspends INIT withdrawals]

South Korean exchange Bithumb announced it has temporarily suspended INIT withdrawals effective immediately due to an issue on the Inicia (INIT) network.
https://coinness.com/en/news/1174994

[Dunamu vice chairman says offshore token trading in Samsung, Hynix shares is painful]

Dunamu Vice Chairman Kim Hyeong-nyeon said it is deeply troubling that Samsung Electronics and SK Hynix, two of South Korea’s representative stocks, are traded as tokens only on overseas exchanges, SBS Biz reported.

Speaking at the digital asset policy conference DCON held at a hotel in Seoul’s Yeouido on Nov. 10, Kim added that the company has completed all technical preparations with securities firms and financial institutions over a long period and is ready to roll them out whenever regulations allow.
https://coinness.com/en/news/1174995
See more: https://biz.sbs.co.kr/article/20000345450

[Upbit to temporarily suspend MANTRA withdrawals today at 11:00 a.m. UTC]

Upbit, a South Korean crypto exchange, announced it will temporarily suspend MANTRA withdrawals at 11:00 a.m. UTC today for a network upgrade.
https://coinness.com/en/news/1174996