Block Adds 120 BTC in Q3, Total Holdings Rise to 9,237 BTC
According to the third-quarter 10-Q that Jack Dorsey's Block (XYZ) filed with the US SEC, the company held 9,237 bitcoin as an investment as of Sept 30, up 120 from 9,117 at the end of Q2, with the fair value of that bitcoin investment at about $772 million. Per Bitcoin Treasuries, Block ranks 14th on its Bitcoin 100 list.
Crédit Mutuel Arkéa Confirms Attack, Notified Regulators but Did Not Disclose Loss Amount
Crédit Mutuel Arkéa confirmed it was attacked, with fraudulent transactions carried out through the incident. The bank said the incident is under control and that customers suffered no loss of funds, but it did not disclose the loss amount. On-chain investigator ZachXBT estimated that at least $133 million was involved. People familiar with the matter said attackers first moved out fiat currency, then routed it through "money mule" accounts to platforms such as Crypto.com, where it was swapped into crypto assets to launder it. Bitquery data shows $62.98 million in stablecoins was swapped into 27,553 ETH via UniswapX within four hours, with part of the funds swapped into Monero (XMR). Kraken has restricted the relevant accounts, and Crypto.com has frozen the relevant funds.
Journalist Eleanor Terrett posted on X that the US midterm elections were broadly a "tough night" for Republicans and the crypto industry. More than $64 million in crypto industry money failed to stop Sherrod Brown from returning to the Senate; he may secure a leadership position on a committee with jurisdiction over the crypto industry. Pro-crypto House Republicans Bryan Steil, Zach Nunn and Ann Wagner lost their seats, and Mike Lawler has conceded (the Associated Press has not yet called New York's 17th District). In the Senate, Republicans lost control, and current Senate Banking Committee Chairman Tim Scott is expected to become ranking member in the next Congress. The district of House Financial Services Committee Chairman French Hill has not been called, but he is expected to narrowly win by a few thousand votes and shift to ranking member, with Maxine Waters taking over as chairman. In addition, pro-crypto Banking Committee member Pete Ricketts won in Nebraska, and pro-crypto Representative Andy Barr won Kentucky's open Senate seat, succeeding Mitch McConnell, and may seek a Banking Committee seat.
According to a press release from the Hong Kong SAR government, the Legislative Council passed the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Revised Common Reporting Standard) Bill 2026, implementing the Crypto-Asset Reporting Framework (CARF) and the amended Common Reporting Standard (CRS) developed by the Organisation for Economic Co-operation and Development (OECD). CARF will be implemented in Hong Kong in 2027, with relevant service providers required to collect specified information, which the Inland Revenue Department will exchange with partner tax jurisdictions starting in 2028. The amended CRS takes effect in 2028, and the Inland Revenue Department will automatically exchange financial account information under the new standard from 2029. The department will issue guidance and has set up a dedicated team to provide technical support.
Scroll Proposes Pivot to Permissioned Privacy-AI Network, SCR to Migrate to Ethereum Mainnet
According to Scroll's governance forum, Scroll has published a protocol upgrade proposal asking the DAO to approve two items together: transforming the network into a permissioned, application-specific network for privacy AI, and migrating SCR to Ethereum mainnet. If the proposal passes, implementation will be led by the Scroll Foundation. The new network will support AI products such as Compass, CENO and USX for private interactions, credential management, agent workflows and payment settlement. The proposal states that SCR supply and the token economic model remain unchanged and that governance functions are retained. The network upgrade is planned for the end of the year, and cross-chain bridges will still be supported after the upgrade.
Circle Posts $865 Million in Q3 Revenue, Up 17% Year Over Year
Circle (CRCL) disclosed third-quarter 2026 results: total revenue and reserve income of $865 million, up 17% year over year; net income from continuing operations of $226 million, up 5%; adjusted EBITDA of $317 million, up 85%. The ARC token presale contributed $182 million in revenue, while reserve income fell 8% year over year to $658 million. Average USDC in circulation in the quarter was $73.3 billion, up 8% year over year. In addition, Circle has signed an agreement to acquire Singapore-based cross-border payments platform Tazapay, and Binance announced a $100 million equity investment in Circle.
US OCC Issues Regulatory Framework for Banks' Use of Artificial Intelligence
The US Office of the Comptroller of the Currency has issued a regulatory framework for banks' use of artificial intelligence.
Digital asset infrastructure company BitGo (NYSE: BTGO) announced the launch of its Global Markets division, integrating liquidity, trade execution, financing, derivatives and settlement services, to be headed by former NYDIG executive Pete Janney. BitGo acquired NYDIG's institutional and trading businesses on Aug 27, with about 30 employees joining as a result. The new division will offer spot and block OTC trading, crypto-collateralized financing, options, swaps and bespoke structured products, along with asset management strategies, private funds and research services, with clearing and settlement handled by Go Network. BitGo Prime, which has operated since 2020, has been folded into the division. BTGO rose 3.4% in Wednesday premarket trading.
He Yi: Binance Will Fully Cover User Losses, Has Rebuilt Security Perimeter on Zero-Trust Principles
Binance co-founder He Yi posted a response to outside criticism of Binance's security and permission management, saying she "accepts it all." He Yi said user funds will be fully borne by Binance. Binance's earlier incident report retained the details in order to provide a reference for peers, touching on the complexity of social engineering attacks and the boundaries of AI permissions. Binance has now started with permission management across departments and the security environment, updating devices, resetting AI tools and rebuilding its security perimeter on zero-trust and least-privilege principles. A security audit will subsequently issue a report. He Yi also welcomed AI security talent to join Binance.
Gnosis Chain to Become an Ethereum L2 in Spring 2027, Ending Standalone L1 Era
In an official blog post, Gnosis said Gnosis Chain will stop operating as a standalone L1 via a hard fork in spring 2027, transforming into an Ethereum Economic Zone (EEZ) zone that settles to Ethereum and becoming its first general-purpose zone. Contracts, balances, addresses, chain ID and xDAI as the gas token will all remain unchanged, so developers will not need to redeploy. Gnosis said that based on current DeFi TVL, Gnosis Chain will rank among the top ten Ethereum L2s after the transition and become the first L2 that can compose synchronously with mainnet; however, its validator set of about 200,000 independent validators will not be retained after the transition. Gnosis said operating Gnosis Chain as a standalone L1 costs the Gnosis DAO about $7 million to $10 million a year. On the same day, EEZ devnet Rollup X launched at Devcon in Mumbai, demonstrating CoW Swap calling mainnet liquidity to complete a swap on Rollup X, and Safe performing atomic changes of owner across L1 and L2. EEZ is a Swiss nonprofit jointly funded by the Ethereum Foundation, proposed by Gnosis and ZisK in March this year.
AI PACs Spend About $72 Million in US Midterms, Roughly $100 Million Less Than the Crypto Industry
AI-related political action committees (PACs) spent about $72 million in the US midterms, while the crypto industry's three major PACs spent about $170 million, roughly $100 million more than the AI PACs. Some AI PAC bets fell flat: its backed candidates Darline Graham in South Carolina, Mike Rogers in Michigan and @CarlosForTexas in Texas all lost.
Separately, Terrett reported earlier that the crypto industry put in more than $64 million and still failed to stop Sherrod Brown from entering the Senate.
Riot Posts $181.4 Million in Q3 Revenue, Has Sold 20,264 Bitcoin Year to Date
Riot Platforms reported third-quarter 2026 results: revenue of $181.4 million, up 1% year over year; net income of $4.03 million, versus $104.5 million a year earlier. Bitcoin mining revenue was $116 million, down 28% year over year, and data center revenue was $18.4 million. It produced 1,637 bitcoin in the quarter. The company also announced it had signed a 15-year lease with a frontier AI lab for all 910MW of IT capacity at its Corsicana campus, with a total contract value of about $28 billion. As of the end of the quarter, the company held $950.2 million in cash and bitcoin combined, and has sold 20,264 bitcoin year to date.
Revolut Completes Secondary Share Sale at $115 Billion Valuation
Revolut confirmed the completion of a secondary share sale that values the company at $115 billion, about 53% above the $75 billion valuation of November 2025. The round was led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price and Baillie Gifford and was mainly aimed at providing liquidity to employees and existing shareholders; no new capital was raised, the transaction size was not disclosed, and shares traded at about $2,017 apiece. Revolut now has more than 80 million retail customers, with 2025 revenue of $6 billion and pre-tax profit of $2.3 billion.
US ADP employment rose by 86,000 in October, above the market expectation of 69,000.
TeraWulf Secures Google Credit Support to Advance $19 Billion Anthropic Data Center Project
TeraWulf announced it has signed a credit support agreement with Google to provide financing support for its Justified data center campus project in Hawesville, Kentucky, which corresponds to a long-term lease commitment of about $19 billion signed with Anthropic. Google will provide contractual credit support for the expected debt financing; Alphabet's senior unsecured debt is currently rated AA+ by S&P and Aa2 by Moody's.
Under the project schedule, the data centers are expected to begin phased delivery in late 2027 and continue through the second quarter of 2028. TeraWulf said the agreement further improves the project financing framework and strengthens construction execution, helping it convert long-term AI and high-performance computing (HPC) lease demand into recurring cash flow.
Qualcomm: SpaceX Plans US Rollout of Starlink Mobile 5G
Qualcomm: SpaceX plans to begin a nationwide rollout of Starlink Mobile's 5G service in the US starting in 2027.
Qualcomm will supply hardware components for the nationwide terrestrial wireless network SpaceX plans to build. It is the latest sign that Musk's rocket and satellite company is preparing to challenge the major US mobile carriers. Qualcomm said SpaceX will use its Dragonwing series components for base station deployment to support calls and data transmission, and will also use some of Qualcomm's proprietary software as the network's core control system. The two sides have signed a multi-year agreement under which Qualcomm will build "tens of thousands of base stations" for its 5G network, with deployment set to begin next year. Qualcomm Executive Vice President Durga Malladi said the planned number of base stations will be comparable to what major US wireless carriers currently deploy. On SpaceX's determination to carry out the plan, Malladi said: "From our perspective, they are very committed and serious. We have extremely high confidence in this."
Asset Management Giant Schroders Brings Emerging Market Bond Fund to Solana
Schroders, the global asset manager with $1.1 trillion in assets under management, announced a partnership with tokenization platform Centrifuge to tokenize its SISF Emerging Market Bonds strategy and deploy it on Solana, the first time Schroders has deployed a product on Solana. Legally, the product is a feeder fund with an on-chain share class that invests in the Schroders emerging market bond fund, and investors hold tokenized shares of the feeder fund. In August this year, Schroders received approval from the Irish regulator to launch SOAR, its first tokenized dollar money market fund share class. According to RWA.xyz data, in the roughly $39 billion tokenized real-world asset market, tokenized US Treasuries and money market funds still account for about $14 billion.
According to Coinbase's official blog, after Binance was reported to have suffered a hot wallet incident, Coinbase said it was not affected and that its systems and customer funds are normal. Coinbase disclosed that more than 99% of customer assets are currently held in cold wallets, with hot wallets keeping only a small amount of assets to meet withdrawal demand and excess assets continuously moved back to cold storage; assets in its custodial vault product are 100% in cold storage and isolated on-chain. Security measures include sharded private keys that are not reassembled when signing, limits on the speed at which funds move from cold wallets to hot wallets, anomaly detection, and an emergency stop mechanism that can take signing keys offline. Customer assets are held 1:1 and will not be lent or used without customer instruction.
Riot Platforms (RIOT) Stock Rises 12.24% Intraday to $15.71
According to Binance market data, Riot Platforms (RIOT) stock rose as much as 12.24% intraday and was last at $15.71.
Block (XYZ) Stock Rises 10.53% Intraday to $84.78
According to Binance market data, Block (XYZ) stock rose as much as 10.53% intraday and was last at $84.78.
Blast L2 Officially Shut Down; Asset Recovery Site to Run for 12 Months
Blast posted on X that Blast L2 has officially shut down. Users who still hold ETH or USD in L2 wallets, in pending withdrawals or in Blast Mobile can recover their assets via blast.io; the recovery site will run for 12 months, with final support on Nov 4, 2027.
Previously, in early October, Blast announced it would gradually shut down the network because operating costs exceeded L2 revenue. Its official withdrawal interface expired on Oct 26, and as of the deadline about $40.4 million in assets had still not been moved out of the official cross-chain bridge.
Apple, Microsoft, Google and Amazon Add More Than $1.13 Trillion in Market Value in a Single Day
Binance market data shows large-cap US tech stocks extended their strength, with Apple, Microsoft, Google and Amazon all posting sharp gains and Apple and Microsoft both hitting new record highs. Apple rose 6.50%, adding about $313.4 billion in market value in a single day; Microsoft rose 6.41%, adding about $248.1 billion; Alphabet Class A rose 5.06% and Class C rose 5.11%, adding about $349 billion in market value combined; Amazon rose 8.14%, adding about $220.7 billion. The four companies added about $1.13 trillion in market value combined in a single day, with Amazon posting the biggest gain.
Binance: 98% of Stolen Assets Backfilled, Proof-of-Reserves Snapshot Expanded to 44 Tokens
About 98% of the assets affected in Binance's security incident have been backfilled. The remaining 2% are low-liquidity tokens, which Binance will continue to buy through market channels and over-the-counter (OTC) channels. Binance said it has set aside more than 100% of the total required assets from its own funds and will bear the full loss of the stolen funds. In addition, Binance completed a new proof-of-reserves snapshot on Nov 4, expanding coverage from 10 tokens in the previous round to 44. The full zero-knowledge proof is expected to take 50 to 60 hours to generate, after which users can verify for themselves that their account balances are backed by at least 1:1 reserves. Binance said it will continue working toward fully restoring withdrawal services.
T3 Anti-Illicit-Activity Alliance of TRM Labs, Tether and TRON Disbanded in August
The T3 Financial Crime Unit (T3 FCU), an anti-illicit-activity alliance jointly launched by TRM Labs, Tether and TRON, was disbanded in August this year. People familiar with the matter cited slow response and poor coordination as the reasons.
T3 FCU was established in September 2024, mainly to track and freeze USDT linked to illicit activity on the TRON chain. In May this year the alliance announced it had frozen more than $450 million in illicit assets cumulatively, with partner law enforcement agencies covering 23 jurisdictions across five continents.
Report: Democrats Plan In-Depth Investigation of Trump's Crypto-Related Businesses
After Democrats won control of both chambers of Congress, Hakeem Jeffries pledged to unveil an agenda within 100 hours of becoming House Speaker on Jan 3, with priorities including reversing Medicaid cuts, addressing tariffs and pushing to end the war with Iran. Trump previously said he would "veto everything." Jamie Raskin and Robert Garcia are expected to head the House Judiciary Committee and the Oversight Committee respectively, and plan to investigate law firms that reached agreements with the Trump administration, Trump's pardons of donors and his crypto business. Democrats are divided internally over whether to impeach Trump again.
Coinbase Prime Rolls Out Global Options and Perpetual Futures Trading to US Institutions
Coinbase posted on X that Coinbase Prime has launched regulated global options and perpetual futures trading for institutional clients in the US and other eligible regions, with US and global traders sharing a unified liquidity pool. Liquidity is provided by crypto options exchange Deribit, and the service supports more than 20 assets including BTC, ETH, SOL, XRP, AVAX and HYPE; BTC, ETH and USDC can be used as collateral, with more collateral assets to be supported in due course.
Stripe Lets US Businesses Send Stablecoins to Crypto Wallets in More Than 160 Markets
Stripe's Global Payouts now allows eligible US businesses to send USDC and OUSD stablecoins to recipients' external crypto wallets in more than 160 markets. The service is currently in public preview, with funds drawn from Stripe Treasury balances at a fee of 0.5% plus $0.50 per transaction. Stripe's official documentation shows this payment method usually arrives within minutes, and businesses in New York State need to apply separately for early access.
Sources: House Democrats Plan to Introduce Crypto Market Structure Bill in the Next Congress
Crypto journalist Eleanor Terrett posted on X that, according to three industry figures who have spoken with Democratic staff, House Democrats are discussing turning Representative Maxine Waters' 2025 amendment to the CLARITY Act — the Crypto Investor and Consumer Protection Act — into a broader crypto "market structure" bill in the next Congress. The proposal would incorporate provisions of the Democratic version of the CLARITY Act that Waters introduced in the House but were not adopted, as well as provisions that Senate Democrats agreed with Republicans before the September cloture vote. Topics under discussion include giving the SEC a larger crypto market oversight role, narrowing the CFTC's role, and possibly adding ethics provisions that would restrict Trump and other federal officials from participating in crypto activities. Republicans call it a "messaging bill."
US Court Denies Request for Temporary Restraining Order to Pause Single-Stock Perpetual Futures
According to court filings in the US District Court for the Southern District of New York, Judge Valerie Caproni denied a request for a temporary restraining order filed by industry group Capital Markets Alliance, whose members include Cboe and Citadel Securities. The request sought to pause approval by the US Commodity Futures Trading Commission (CFTC) for Kalshi, Bitnomial and Coinbase Derivatives to list perpetual futures on US single stocks. The court found that the plaintiffs had failed to show their members would suffer imminent irreparable harm, but also found that the plaintiffs' claim that the CFTC exceeded its authority was likely to succeed, saying the contracts do not appear to meet the definition of "security futures" and are closer to swaps regulated by the SEC. The CFTC must respond to the plaintiffs' preliminary injunction motion by Nov 6, and the plaintiffs must reply by Nov 10.
Trump-Linked Tokens Slide; TRUMP Down More Than 17% Over the Past 24 Hours
Democrats' landslide win in the US midterms hit the more politically charged assets in the digital asset market. OKX market data shows the Trump-related meme coin TRUMP fell 17.64% over the past 24 hours to $1.303, while WLFI, issued by World Liberty Financial, fell 8.14%. Trump Media & Technology Group shares fell 17% to a record low. In addition, as the market reassessed the prospects for miners pivoting to AI data centers, Galaxy Digital shares fell nearly 14%, Hut 8 fell nearly 23% and MARA fell about 7%. World Liberty Financial declined to comment on the price decline.
Data: 500 Million USDT Moved From Tether Treasury to Binance
Whale Alert posted on X that at 04:50 Beijing time, 500 million USDT (about $500 million) was transferred from Tether Treasury to Binance. Solscan data shows the transfer took place on the Solana network, was sent from the USDT mint authority address, and the receiving address is tagged as a Binance deposit address.
Mercado Bitcoin to Restore Platform in Stages From Nov 9, Will Compensate With Its Own Funds
Brazilian crypto exchange Mercado Bitcoin posted on X that the platform will resume in stages starting Nov 9. In the first phase, website access will open so users can view balances, statements, assets and investments; transfer, withdrawal and trading functions will reopen module by module after each passes final security verification. The exchange reiterated that customer assets will not suffer losses and that it will compensate the assets involved in this incident with its own funds. In addition, through cooperation with Tether, Circle, Paxos, BRL1, Chainalysis and crypto community experts, more than $15 million of related assets have now been frozen, up from the $12.9 million the exchange previously said had been frozen.
Canton Network Completes First Tokenized US Stock Trades Under SEC Innovation Exemption Framework
According to a press release from Canton Strategic Holdings, the Nasdaq-listed company (CNTN) completed the first trades of its issuer-sponsored tokenized common stock on Nov 4 US Eastern time on TSV LLC, a tokenized securities trading platform on the Canton network; the company said these are the first tokenized US stock trades under the innovation exemption framework introduced by the US SEC on Sept 17. In the trades, existing shareholder Five North was the seller and DRW Cumberland the buyer, with Flowdesk providing liquidity; the trades were executed through a permissioned pool of the Tradecraft AMM protocol and settled atomically on the Canton network. The company said holders of the tokenized stock enjoy the same rights as shareholders holding through Nasdaq. Crypto journalist Eleanor Terrett posted on X that TSV LLC is the first trading venue to notify the SEC that it intends to operate under the innovation exemption.
American Bitcoin Swings to Profit in Q3 With $126 Million Net Income
Bitcoin miner American Bitcoin (ABTC), co-founded by Eric Trump and Donald Trump Jr., reported third-quarter 2026 results with net income of $126 million, compared with a loss of $57.2 million in the second quarter; the profit mainly came from about $197 million in digital asset gains. Revenue was $63.4 million, below the $67 million of the second quarter. As of Sept 30, the company held about 8,427 BTC, up about 425 from the end of June, of which about 3,090 were pledged to Bitmain; it mined about 891 BTC in the third quarter, with the cost per coin rising to about $42,100. According to Bloomberg, ABTC shares closed down 5.60% at $6.24 on Wednesday.
Treasure Proposes Minting Up to 173 Million MAGIC for Network Transition
Treasure posted on X that the TIP-63 proposal is now open for community discussion. The proposal would establish a Strategic Growth Fund (SGF) of up to 173 million MAGIC, plus a separate ongoing staking emissions program, to drive the launch of the Treasure DePIN network. If fully minted, MAGIC's total supply would rise from about 348 million to about 521 million, an increase of 49.76% (excluding staking emissions). If the proposal is approved, 100 million MAGIC will be minted to the Treasure Foundation first on Feb 3, 2027, with the remaining 73 million minted only after specific network milestones are reached.
Grayscale and BlackRock: US Midterm Results Will Not Change the Crypto Industry's Growth Trend
Although Democrats won the US midterms, Grayscale still believes the crypto industry's future depends more on overseas demand and institutional adoption than on Washington. Grayscale head of research Zach Pandl said the GENIUS Act is important progress for stablecoins, but regulatory clarity and institutional adoption rest on deeper foundations. He previously estimated that 80% to 85% of global crypto activity takes place outside the US, and pointed to growing demand for dollar stablecoins in South America and Southeast Asia.
BlackRock head of digital assets Robert Mitchnick also played down the election's impact on its crypto business, saying bitcoin and ether already have most of the regulatory clarity needed for investment products. Meanwhile, the CLARITY Act failed to advance in September, and with Democrats taking over Congress in January, some executives believe the current version has little chance of passing, though there is still room to revise a bipartisan agreement.
JPMorgan Adds Bitcoin to 2027 Long-Term Capital Market Assumptions, Projects 10% Annualized Return
Grayscale head of research Zach Pandl wrote that JPMorgan Asset Management's inclusion of bitcoin in its 2027 long-term capital market assumptions marks another milestone for bitcoin as an institutional asset. The firm expects a baseline compound annual return of 10% for bitcoin over the next decade, with annualized volatility of 55%.
Pandl noted that this 10% expected return is higher than that of all other asset classes, while bitcoin's estimated correlation with US large-cap stocks is only 33%, lower than that of international stocks, corporate bonds and hedge funds. Assets combining high absolute returns with low correlation to core equities are hard to find, and these characteristics make bitcoin a potentially attractive portfolio diversifier. However, JPMorgan remains cautious about unstable correlations and did not include bitcoin in its main covariance matrix. Pandl said institutional acceptance of bitcoin is rising, but its role in portfolios has yet to be determined.
Coinbase Institutional posted on X that Binance's hot wallet incident has focused client attention on how Coinbase protects customer assets. Coinbase listed five key measures: more than 99% of customer assets are held in cold storage; multi-layered protections such as distributed key protection, rate limits, anomaly detection and an emergency stop switch verify that fund movements match their intended purpose; all customer assets are held 1:1 and will not be lent or used without customer instruction; Coinbase's US custodian is subject to New York State law fiduciary duties, while its European business is MiCA-authorized and regulated by Luxembourg's CSSF; and it continues to invest in security innovation to address the security landscape changes brought by AI.
A whale that was long $148 million of crude oil began cutting losses after a floating loss of $15.08 million, closing $44.04 million of CL longs in the past 10 minutes and realizing a $4.9 million loss. The whale started going long oil half a month ago and kept adding to the position until it reached $148 million; a 14% crash in crude prices this week led to the large floating loss. It still holds $94.79 million of BRENTOIL, with a floating loss of $8.35 million.
CLARITY Act Would Expire on Jan 3, 2027 Without 60 Senate Votes
With Democrats winning control of both chambers of Congress in the US midterms, legislative priorities are expected to be reshaped, with greater emphasis on strict regulation of emerging technologies. Industry advocacy group The Digital Chamber said the current version of the CLARITY Act will lapse when the 119th Congress ends on Jan 3, 2027, and any push in the next Congress would require resubmission and negotiation of a new agreement. Because passing a bill in the Senate usually requires 60 votes, Democrats, despite holding the majority, would still need Republican support to advance crypto market structure legislation.
Market analysts expect a restarted bill under Democratic control to include stricter compliance standards, stronger consumer protections and tighter DeFi regulation. Crypto critic Senator Elizabeth Warren is expected to chair the Senate Banking Committee, and The Digital Chamber expects regulation to shift quickly toward stricter oversight of digital asset exchanges and their integration into the banking system, while the House Financial Services Committee may shift toward enforcing strict stablecoin reserve requirements, expanding consumer disclosure and strengthening anti-money laundering controls. The new Congress is also expected to place greater emphasis on AI-related data privacy and national security safeguards.
Previously: Sources: House Democrats plan to introduce a crypto market structure bill in the next Congress.
F2Pool Co-Founder Wang Chun Sells 6,200 wstETH for 18.5 Million USDC During Last Night's ETH Rally
Between 11 pm and midnight last night, as ETH rose from $2,315 to $2,440, the address of F2Pool co-founder Wang Chun sold 6,200 wstETH (equivalent to 7,740.2 ETH) into 18.5 million USDC on the way up, at an average ETH sale price of $2,390, and then transferred the USDC to Binance.
SlowMist: APT29 Is Spreading iOS and Android Exploit Tools via Compromised Websites
SlowMist chief information security officer 23pds posted on X that the Eastern Europe-linked APT29 professional group is spreading iOS and Android exploit tools through compromised websites and hijacked web analytics tool scripts. He noted that DarkSword and AndroSnitch have begun mass attacks, and that the normal websites or apps users visit may carry backdoors. He advised users to update their systems to the latest versions.
People familiar with the matter said that within days of the $6.3 billion hack at Binance, real-time on-chain security and threat prevention platform Blockaid secured $40 million in investment commitments. The report noted that the largest crypto theft in history is driving new investment in crypto security.
SlowMist: Android Zero-Click RCE Flaw Included in November Security Patch, Users Urged to Update
SlowMist chief information security officer 23pds posted on X that the Android zero-click remote code execution vulnerability has been included in the November security patch and advised users to update without fail. Google's November 2026 bulletin fixed more than 200 vulnerabilities, the most severe being CVE-2026-58868 (Critical) in the Framework layer, which can remotely execute arbitrary code without user interaction or additional permissions and affects Android 14, 15, 16, 16 QPR2 and 17. There is currently no confirmed exploitation in the wild.
23pds said versions with a security patch level of 2026-11-01 or later include CVE-2026-58868 and other Framework/System fixes; versions dated Nov 5 or later cover all vulnerabilities in this round, including kernel, MediaTek and Qualcomm chip-level fixes. Users can check the "security patch level" under "Settings → About phone → Android version."
Ethereum Foundation: Fork Roadmap in Place to Reach Lean Ethereum Goal
The Ethereum Foundation posted on X that its "Strawmap" sets the goal of achieving Lean Ethereum by 2029, and a fork-by-fork plan has now been laid out. H* will be the last fork that does not include Lean features; I* will introduce leanVM and Lean transactions; J* will add Lean proofs, data availability sampling and PCS; by stage L, Lean Ethereum will be complete.
Lean Ethereum is a long-term protocol restructuring vision and roadmap put forward as Ethereum enters its second decade. Its core goals are to greatly improve performance, address quantum computing threats and rebuild the underlying tech stack by "traveling light" — streamlining the protocol and eliminating redundancy — without sacrificing decentralization or security.
ZetaChain: ZETA to Migrate to Solana on Dec 9, Privacy AI App ZetaLabs to Launch
ZetaChain posted on X that on Dec 9 the ZETA token will migrate to Solana and become a native token, and the privacy AI app ZetaLabs will launch at the same time, with ZETA serving as its core token.
The second governance proposal is now open for voting on ZetaHub and will close on Nov 7, setting out the migration mechanism, the specific timing and holder protections. If the proposal passes, ZetaChain L1 will stop running around Dec 9, ZETA will migrate 1:1 to a Solana native token, and the minting authority will be permanently revoked. Holders need take no action before then. In 2027, ZETA's supply will decrease rather than increase. About 55 million unallocated validator rewards will be burned monthly on the original release schedule, and there will be no inflation after the migration. Tokens held by investors and core contributors will be fully unlocked on Jan 1, 2027. The foundation has also pledged not to sell in 2027 the ZETA it holds that unlocks that year.