[10x Research says BTC gains an average 53.9% one year after U.S. midterm elections]

10x Research said in a report that Bitcoin has posted an average one-year return of 53.9% after U.S. midterm elections. According to the report, Bitcoin’s average returns after midterms were -13.6% after one month, -21.6% after two months, -13.3% after four months, +3.5% after six months, and +53.9% after one year.

The report said Bitcoin tended to decline initially but showed a longer-term upward trajectory, with its one-year return exceeding the average returns of the S&P 500, Nasdaq 100, and gold. 10x Research added that increased volatility after midterm elections could indicate cyclical selling pressure being exhausted rather than a structural trend breakdown, and assessed that the current pullback could offer an attractive entry opportunity for long-term investors.
https://coinness.com/en/news/1175227

[US stocks open higher]

The three major U.S. stock indices opened higher today.
- S&P 500: +0.9%
- Nasdaq: +1.56%
- Dow Jones: +0.2%
https://coinness.com/en/news/1175228

[K33 Research warns overheated BTC perp leverage leaves Bitcoin vulnerable]

K33 Research said in a recent report that excessive leverage in the Bitcoin perpetual futures market has left the underlying asset vulnerable to sharp price swings.

The report said BTC had posted five straight weekly losses and is now testing support around its 200-day moving average of $73,137 and the roughly $73,800 peak recorded in March 2024. Amid continued net outflows from ETFs and weak participation by institutional investors, open interest in the perpetual futures market has climbed to elevated levels, increasing the risk of sharp moves driven by either a short squeeze or a long squeeze. According to CoinMarketCap, BTC was trading at $73,512, down 0.98%, at the time of writing.
https://coinness.com/en/news/1175229

[Sui to end support for Suiet wallet after Nov. 14]

Sui said on its official X account that support for the Suiet wallet will end after Nov. 14, local time.

Users were advised to back up each account’s recovery phrase or private key now and not share either with anyone. Assets will remain on the Sui network, and users can switch their accounts to other Sui wallets, including Slush, at any time.
https://coinness.com/en/news/1175230

[Pyth adds NYSE real-time stock data to its marketplace]

Oracle solution Pyth said in an official blog post that it added NYSE BQT, the New York Stock Exchange’s real-time market data product, to its data marketplace on Nov. 11.

NYSE BQT provides top-of-book bid and ask quotes and sizes, trade data, closing prices, volume, and market status information including trading halts and resumptions across five exchanges under NYSE Group. Pyth added that, after previously being approved as an external distributor of Nasdaq Basic, Nasdaq’s real-time data product, the company can now offer both Nasdaq and NYSE real-time stock data through its data marketplace.
https://coinness.com/en/news/1175231

[Livepeer releases go-livepeer v0.10.0, signals end of support]

DePIN project Livepeer said it has released go-livepeer v0.10.0 and formally deprecated the existing go-livepeer client as it prepares to replace it with a new node stack being developed by Network Engineering SPE.

Livepeer advised users to update to the latest version and said remote transcoders require an orchestrator secret. For setups where the primary wallet is kept offline, Livepeer said users should use a reward delegate under LIP-118. Security patches will be provided through Nov. 30, after which go-livepeer will be archived.
https://coinness.com/en/news/1175233

[Apex joins Hedera Council, weighs using network for tokenization]

Layer-1 blockchain Hedera (HBAR) said global financial services firm Apex has joined the Hedera Council. Apex, which provides services for more than $3.5 trillion in assets, plans to consider using the Hedera network for its tokenization business.
https://coinness.com/en/news/1175234

[Maple Finance co-founder Joe Flanagan to step down as chairman and leave company]

Decentralized lending protocol Maple Finance (SYRUP) said co-founder Joe Flanagan will step down as chairman and leave the company to focus on his next personal chapter. The personnel change will be carried out in an orderly manner by mutual agreement, while the company’s business direction will remain unchanged. Maple Finance said Flanagan helped grow the company since 2019 to $4.8 billion in assets under management and $20 billion in loan originations.
https://coinness.com/en/news/1175235

[Strobe Fund sends final $7.5M in ENA to Coinbase, likely exits full allocation]

Crypto investment firm Strobe Fund transferred the final 50 million ENA remaining in its wallet, worth about $7.54 million, to Coinbase about an hour ago, on-chain analyst EmberCN said. Exchange deposits are typically interpreted as being intended for selling.

EmberCN said Strobe Fund deposited 101.95 million ENA, worth about $15.6 million, to Coinbase over the past 24 hours. The firm had received about 142.9 million tokens through its investment in Ethena (ENA), and this latest sale appears to have completed the liquidation of that entire allocation. Total sales are estimated at $32.95 million, with an average selling price of about $0.23. According to CoinMarketCap, ENA was trading at $0.153, down 1.75%, at the time of writing.
https://coinness.com/en/news/1175236

[Hoskinson says Cardano cannot be run like a CEO-led company]

Cardano founder Charles Hoskinson said on his recent YouTube channel that he cannot run Cardano like a CEO, as treasury operations and the consensus mechanism are not controlled by a single entity and the structure does not allow anyone to negotiate on behalf of all ADA holders.

Hoskinson added that responsibility for ecosystem growth initiatives is distributed under Cardano’s governance structure. Delegated Representatives, or DReps, approve treasury funding, the Constitutional Committee reviews whether proposals comply with the constitution, and funding recipients and designated administrators are responsible for carrying out projects and overseeing how funds are used. Cardano-related organizations are also disclosing project progress reports and code change records, allowing ADA holders to check whether treasury-backed initiatives are being implemented.

According to CoinMarketCap, ADA was trading at $0.1771, down 0.06%, at the time of writing.
https://coinness.com/en/news/1175237

[Variational launches public mainnet]

Variational, a decentralized perpetual futures exchange, said on its official X account that the private beta for Omni has ended and the platform has transitioned to a public mainnet.
https://coinness.com/en/news/1175238

[ZEC risen 3.29% in the past 5 minutes]

ZEC has risen by 3.29% in the past five minutes on the COINNESS market. Currently, ZEC is trading at $1,005.5.
https://coinness.com/en/news/1175239

[Flare completes hard fork activation, resumes normal transaction processing]

Layer-1 blockchain Flare (FLR) said its hard fork has been successfully activated and the network is processing transactions normally. Flare added that transaction confirmations may take slightly longer than usual while the remaining validators complete their upgrades.
https://coinness.com/en/news/1175240

[CoinGlass sees $68K as Bitcoin’s next major support]

CoinGlass said on its official X account that Bitcoin’s next major support is likely around $68,000. The market data analytics firm said large buy orders were concentrated in the $67,000-$68,500 range on Binance BTC perpetual futures, while dense buy walls had also formed around the current price zone of $72,000-$73,500.

By contrast, sell orders were waiting in the $74,000-$75,000 range, including as much as about $12.93 million, and the order book’s buy-sell imbalance stood at around -9.2%, indicating selling pressure held the upper hand, CoinGlass said. It added that limit orders can be canceled or moved, so the buy wall cannot be definitively seen as actual support. According to CoinMarketCap, BTC was trading at $73,835, up 0.98%.
https://coinness.com/en/news/1175241

[Bitcoin Opportunity Fund co-founder sees BTC at $400K-$500K by mid-2029]

James Lavish, co-founder of Bitcoin Opportunity Fund, said in a recent interview with Bitcoin Magazine that Bitcoin could reach $400,000 to $500,000 by mid-2029. Lavish also presented a more conservative target range of $200,000 to $300,000 and added that Bitcoin has already found a bottom, while broader institutional adoption could serve as a future upside driver. BTC was trading at $73,883.92, up 0.97%, at the time of writing.
https://coinness.com/en/news/1175242

[Aave founder says DeFi lending needs emergency brakes like circuit breakers]

Aave founder Stani Kulechov said at the Digital Asset Summit London that DeFi lending protocols need emergency braking mechanisms similar to circuit breakers.

Kulechov said institutional investors participating in DeFi face constant risk, adding that immutability, or the difficulty of arbitrarily changing the rules or code of deployed smart contracts and protocols, is a terrible feature of DeFi. He warned that without emergency shutdown tools such as circuit breakers, it could take years to unwind a lending pool after an oracle error.
https://coinness.com/en/news/1175243

[Stacks Labs completes first quantum-resistant sBTC transfer on mainnet]

Stacks Labs said it completed the first sBTC transfer on the Stacks mainnet using quantum-resistant cryptography. The transaction used the hash-based Lamport One-Time Signature, and the company said it demonstrated that quantum-resistant signatures can be verified through the Clarity smart contract language without changing the existing protocol.

Stacks Labs plans to review the applicability of other quantum-resistant signature algorithms and expand its research to Bitcoin layer one. It added that Stacks uses BTC as its final settlement base, while sBTC is backed by BTC on Bitcoin L1. The company said the research is intended to strengthen Stacks’ ability to respond to quantum attacks and contribute to a future transition to a quantum-resistant security framework for Bitcoin.
https://coinness.com/en/news/1175244
See more: https://x.com/Stacks/status/2120547357154766873

[Moonwell applies risk parameter changes, ends VELO and wrsETH collateral support]

Decentralized lending protocol Moonwell said proposal MIP-X75 has been applied, lowering collateral factors for multiple assets on the Base and Optimism mainnets. VELO and wrsETH can no longer be used as collateral.
https://coinness.com/en/news/1175245

[Aave applies security-focused V3.8 upgrade across 15 V3 markets]

Decentralized lending protocol Aave said on its official X account that, following approval from the Aave DAO, Aave V3.8 has been deployed across 15 V3 markets. Version 3.8, developed by Aave Labs, adds security-related safeguards to Aave V3 in line with the Aave DAO’s security standards.
https://coinness.com/en/news/1175246

[Trump says Iran will never possess nuclear weapons]

U.S. President Donald Trump said Iran will never possess nuclear weapons.
https://coinness.com/en/news/1175248

[Bitwise CIO says Democratic control of Congress may have limited long-term crypto impact]

Bitwise CIO Matt Hougan said Democratic control of the U.S. Congress after the midterm elections may have only a limited long-term impact on the crypto industry.

Citing crypto lobbying group Stand With Crypto, Hougan said the next Congress is expected to have 51 crypto-friendly senators, little changed from 52 in the current Congress. In the House, at least 241 lawmakers were counted as crypto-friendly, giving them a majority, Hougan said. Democrats are expected to control both chambers, but the overall age of lawmakers has declined, which Hougan said could make the generational shift in Congress a positive factor for the long-term crypto policy environment.

He added that tougher investigations into crypto projects tied to the Trump family could pose a short-term risk.
https://coinness.com/en/news/1175249