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Strategy bought 1,036 Bitcoin for about $81.9 million during the week of November 2–8, bringing its holdings above 850,000 BTC for the first time. Bitmine purchased 9,587 ETH over the same period, raising its share of the total Ether supply to 4.97%. Both companies announced their weekly purchases on Monday, November 9.Strategy paid an average of $79,012 per BitcoinStrategy held 850,364 Bitcoin as of November 8. The company has spent $64.14 billion on Bitcoin to date, at an average cost of $75,456 per coin.Strategy paid an average of $79,012 per Bitcoin last week. That was $3,556 above the average cost of its holdings, though below the price it paid the previous week. From October 26 to November 1, Strategy spent $65.5 million on Bitcoin at an average price of $80,846 per coin. In the following week, its average purchase price fell by $1,834 per coin, while its spending rose by $16.4 million.Strategy also repurchased $188 million of its preferred stock, which trades under the ticker STRC. It spent more than twice as much on the buyback as it did on Bitcoin that week. Strategy Executive Chairman Michael Saylor said the company held $4.9 billion in U.S. dollar assets as of November 8.Bitmine’s Ether holdings top 6.07 million ETHBitmine Immersion Technologies, the world’s largest corporate holder of Ether, increased its holdings to 6,070,092 ETH with its latest purchase. The company said it has bought Ether every week since it began accumulating the asset in late June 2025.Bitmine aims to hold 5% of the total Ether supply. Based on the supply of 122.2 million ETH that the company used in its calculations, that target amounts to 6.11 million ETH. If the supply stays at that level, Bitmine needs about 40,000 more ETH to reach its goal.Bitmine has staked 5,227,037 ETH, about 86% of its Ether holdings, to help validate transactions on the Ethereum network. The staked Ether was worth about $11.7 billion at the price of $2,234 per ETH that Bitmine used in its November 8 valuation.Bitmine’s Ether holdings grew over the week, while the dollar value of its overall portfolio fell. The combined value of its crypto assets, cash, marketable securities and other investments declined from $14.5 billion on November 1 to $14.3 billion on November 8. Over the same period, the Ether price used in its portfolio valuation fell from $2,261 to $2,234.
U.S. Sen. Richard Blumenthal has asked Binance, Tether and two crypto companies tied to the Trump family to begin submitting records by Nov. 30 as part of ongoing Senate inquiries. The companies have until Jan. 4, 2027, to turn over the records voluntarily. The deadline falls one day after Democrats are set to take control of the U.S. Senate.The two Trump-linked companies that received Blumenthal’s Nov. 5 letters are World Liberty Financial, the Trump family’s crypto venture, and Fight Fight Fight LLC, which launched the TRUMP memecoin. Blumenthal is seeking records from Binance and Tether on transactions linked to individuals and organizations under sanctions. He asked the Trump-linked firms for information about foreign investors and potential conflicts of interest.Blumenthal asks Binance to confirm receipt by Nov. 9In his letter to Binance CEO Richard Teng, Blumenthal asked the exchange to confirm receipt with subcommittee staff by Nov. 9. He asked Binance to send the first batch of records by Nov. 30 and agree on a schedule with staff for submitting the rest.The dispute dates back to February, when Blumenthal requested records on transactions linked to Iranian entities and the shadow fleet Russia uses to transport oil. In its March reply, Binance disputed the reports behind the request and said that, to its knowledge, no Binance account had transacted directly with an entity based in Iran. In his November letter, Blumenthal said the exchange had responded to his earlier correspondence but had yet to provide any of the records he requested.Tether inquiry covers USDT transfers and consulting paymentsSome of Blumenthal’s questions for Tether concern the role of its dollar-pegged stablecoin, USDT, in transfers linked to Iran. A September report prepared for Democrats on the subcommittee alleged that USDT played a significant role in networks that move money outside Iran’s formal banking system. Tether said on Sept. 28 that it had helped authorities freeze nearly $550 million in Iran-linked USDT that year.Blumenthal is also examining Tether’s dealings with Nxum Group, a consulting firm co-founded by former White House crypto adviser Bo Hines. On Oct. 22, he requested records from both companies following reports that Tether paid Nxum more than $6 million while Hines was working on stablecoin legislation at the White House.The request covers consulting contracts, payment records and correspondence about lobbying. Tether said outside counsel had reviewed the matter and found no evidence of wrongdoing.Senate inquiry examines foreign investment in Trump-linked firmsThe inquiry into World Liberty Financial and Fight Fight Fight began in May 2025. Blumenthal asked who owned the two companies, what stakes foreign investors held and what safeguards the firms had in place to address potential conflicts of interest. Lawyers for World Liberty Financial disputed the senator’s claims and said the company had no corporate ties to Fight Fight Fight, the firm behind the TRUMP token.One focus of the World Liberty Financial inquiry is an Abu Dhabi investment firm. In June, Blumenthal and four other Democratic senators called for a Senate hearing following reports that the firm had agreed to pay $500 million for a 49% stake in World Liberty Financial.The Jan. 4 deadline carries added weight because Blumenthal is expected to chair the Senate Permanent Subcommittee on Investigations. As its ranking Democrat, he currently has no independent authority to subpoena records. Under the panel’s current rules, the chair or a member designated by the chair can issue a subpoena.Blumenthal said the subcommittee would consider other ways to obtain the records if the companies fail to turn them over voluntarily.
Bitcoin started the week of November 9–15 at around $74,900. Ether was trading near $2,140, with both assets attempting to recover from their lowest levels since August, reached over the weekend. Democrats taking control of both chambers of Congress in last week’s US midterm elections increased concerns that cryptocurrency rules could become stricter. The effects of the $6.3 billion attack on Binance also continue to weigh on risk appetite.US inflation will test Fed expectationsThe US Bureau of Labor Statistics will release October consumer inflation data on Tuesday, November 10, at 4:30 p.m. Türkiye time. Markets expect headline CPI to rise 0.3% month over month.Core CPI, which excludes food and energy, is forecast to increase 0.2%. The previous monthly readings were 0.6% for headline inflation and 0.3% for the core index.Last Friday’s report showed nonfarm payrolls increasing by 165,000, pushing the probability of a December rate increase to around 80%. A CPI reading above expectations could place additional pressure on Bitcoin through a stronger dollar and higher bond yields.October producer prices will arrive on Friday, November 13, at 4:30 p.m. Türkiye time. Monthly PPI growth is expected to slow to 0.4% from 1.3% in September.Federal Reserve officials will also speak throughout the week. Christopher Waller will discuss the economic outlook on Tuesday at noon, while Michael Barr will speak on Thursday at 6:00 p.m. Vice Chair Philip Jefferson’s address will begin at 3:00 a.m. on Saturday in Türkiye because of the time difference.New signals will come from Japan, Canada and EuropeThe Bank of Japan will publish the summary of opinions from its October 29–30 meeting on November 10 at 2:50 a.m. Türkiye time. Investors will examine the document for signals about further rate increases, as a rapid appreciation of the yen could affect leveraged positions funded in the Japanese currency.The Bank of Canada will release the summary of deliberations from its October 28 rate decision at 9:30 p.m. on the same day. The document will show how energy prices and economic growth could influence future decisions.The first estimate of UK third-quarter growth and the monthly GDP reading for September will be released on Thursday, November 12, at 10:00 a.m. Türkiye time. Industrial production and trade figures will form part of the same data package.Eurostat will publish its third-quarter euro-area GDP and employment estimates on November 13 at 1:00 p.m. The preliminary calculation showed quarterly growth of 0.4% and annual growth of 1.3%.China’s October inflation data arrived on Monday morning and are therefore excluded from the upcoming calendar. Producer prices rose 5.7% year over year, exceeding expectations, while consumer inflation came in below forecasts at 0.7%.Oil reports and COP31 enter focusBrent crude started the week at around $98.20 a barrel. Prices posted a limited decline after US President Donald Trump said new attacks on Iran were unlikely as long as talks continued to progress.The US Energy Information Administration will publish its Short-Term Energy Outlook at around 8:00 p.m. Türkiye time on November 10. OPEC’s monthly report will arrive at noon on November 11, followed by the International Energy Agency’s Oil Market Report at noon on November 13.COP31 is taking place in Antalya from November 9 to 20. World leaders will discuss energy security, electrification, methane emissions and climate finance during the November 11–12 summit.A renewed increase in energy prices could complicate central banks’ efforts to control inflation. The oil reports therefore matter directly for the crypto market’s interest-rate and liquidity outlook.MSCI decision could affect crypto treasury companiesMSCI will announce the results of its November index review late on November 11 in Europe. Because the date changes in Türkiye, the list of additions and deletions will be published at around 1:00 a.m. on Thursday, November 12.The new methodology excludes “non-operating companies” whose financial structures resemble investment funds from global indexes. Strategy and Metaplanet are among the potential deletions, while SharpLink and several other crypto treasury companies are on a watchlist.Strategy previously estimated that its removal from the indexes could trigger approximately $2.8 billion in share sales. The confirmed changes will take effect after the market close on November 30.A registration amendment covering several REX-Osprey crypto index funds will become effective on November 13. The SEC filing covers the Top 10 Crypto Index ETF, a top-10 ex-Bitcoin index fund and the Crypto Yield ETF; the effective date does not guarantee that the funds will begin trading on the same day.Binance Pool will close as Coinbase and Bitget delist marketsBinance will shut down its mining pool and related services at 10:00 a.m. Türkiye time on November 10. Pool Savings, cloud mining, the transaction accelerator, mining APIs and hashrate alerts will also be discontinued.Miners need to redirect their equipment to another pool to avoid interruptions. Binance will process eligible outstanding payments later, subject to product rules and security checks.Coinbase will suspend BAL-USD and TNSR-USD trading at around 10:00 p.m. Türkiye time on November 9. User balances will remain accessible and withdrawals will continue.Bitget will remove the ALPINE/USDT and QUBIC/USDT spot pairs at 1:00 p.m. on November 13. Withdrawals of ALPINE and QUBIC will remain available until February 13, 2027.Blur will shut down the blur.io user interface on November 12, while Blend will stop matching new loans. Blur’s onchain marketplace protocol will continue operating; Blend borrowers should review their positions before the deadline to avoid losing collateral.No high-profile new spot listing has been confirmed on a major exchange for the week. Fraction AI’s documentation identifies November 11 as the start of admission to trading for FRAC, although the project has not disclosed an exchange, initial circulating supply or detailed allocation plan, so the event is excluded from the main calendar.Elysium, Enjin, Polymarket and eCash will be updatedKinetiq will launch Elysium, its layer-2 network for the Hyperliquid ecosystem, on mainnet on November 9. The network will use HYPE as its gas token; no separate Elysium token or airdrop has been announced.Polymarket plans to begin moving newly created markets to its Protocol V2 infrastructure on November 9.Changes to Polymarket’s relayer and APIs will take effect on November 12 at 3:00 a.m. Türkiye time. Custom contract calls will be restricted, and gzip will become mandatory for large Gamma API responses.Enjin Relaychain’s Fort Canning upgrade will activate at block 18,059,100, expected at around 8:12 p.m. Türkiye time on November 9. The upgrade changes governance parameters, introduces dispute slashing and requires node operators to install client version 1.8.1.The eCash network will upgrade on November 15 at 3:00 p.m. Türkiye time. Nodes running versions older than Bitcoin ABC 0.34.0 will lose synchronization with the network after activation.Aave, Arbitrum and Enjin votes will concludeAave’s proposal to use native BTC as collateral on Aave V4 through Babylon vaults will close on November 9 at 5:03 p.m. Türkiye time. The Snapshot ballot will provide a governance signal; further stages must be completed before implementation.The Enjin community will vote between November 10 and 13 on moving Matrixchain to the Fort Canning release. If approved, the upgrade is targeted for November 16, just outside the current seven-day calendar.Arbitrum’s binding onchain vote will end on November 12. The proposal would change two pricing parameters so that layer-1 fees charged to Arbitrum One and Nova users continue to reflect the actual cost of posting batches after Ethereum’s Glamsterdam upgrade.Investor allocations lead the ALLO unlockAllora will unlock approximately 160.2 million ALLO for early backers and core contributors on November 11. At the spot price during preparation, the tokens are worth around $23.7 million, with a significant share going to investors and insiders.Aptos will release 4.54 million APT from community and foundation allocations on the same day. The tokens are worth approximately $2.7 million and represent around 0.5% of the circulating supply.Aztec’s foundation allocation on November 13 covers 797.5 million AZTEC. Depending on the price source, the approximate value ranges from $10.3 million to $12.3 million, so it should not be treated as a precise market value.Starknet will release approximately 127 million STRK for early contributors and investors on November 15. The tokens are worth around $4.8 million at the price recorded during preparation.Sei will unlock approximately $2.5 million in SEI for the team on the same day. Connex will release 1.32 million CONX on November 14; low trading volume and differences between price sources produce a wide theoretical valuation range of approximately $15 million to $29 million.All dollar figures are approximate and were calculated using spot prices available during preparation. An unlock makes tokens transferable; it does not mean the entire amount will be sold on the same day.MARA, Bakkt and Bitdeer will report earningsMARA and Bakkt will release their third-quarter results after the US market closes on November 9. Both companies will hold their conference calls at 1:00 a.m. Türkiye time on Tuesday, November 10, because of the date change.Investors will follow MARA’s Bitcoin production, energy infrastructure and AI data-center investments. Bakkt’s transaction volume, crypto custody operations and international growth will be important for its outlook.Bitdeer will publish its results before the US market opens on November 10, with management holding its investor call at 4:00 p.m. Türkiye time. Bitcoin mining costs, AI cloud services and new data-center capacity will be the main areas to watch.DAS London and Solana Breakpoint beginDigital Asset Summit London will take place on November 10–11. The program will focus on stablecoins, tokenized capital markets, institutional custody, UK regulation and AI-powered financial services.Solana Breakpoint will begin in London on Sunday, November 15, and continue through November 17. Stablecoins, tokenized assets, payments and onchain AI applications are among the main themes.Web Summit will be held in Lisbon from November 9 to 12. Although the event is not dedicated solely to crypto, MoneyConf sessions will cover onchain capital, digital payments and financial infrastructure.This week’s 43-event crypto calendarNovember 9: Kinetiq launches the Elysium layer-2 mainnet.November 9: Planned start of Polymarket’s Protocol V2 transition.November 9–12: Web Summit 2026.November 9–20: COP31 in Antalya.November 9, 5:03 p.m. Türkiye time: Aave’s native BTC collateral vote ends.November 9, around 8:12 p.m.: Enjin Relaychain’s Fort Canning upgrade.November 9, around 10:00 p.m.: Coinbase suspends BAL-USD and TNSR-USD trading.November 10, 1:00 a.m.: MARA’s third-quarter earnings call.November 10, 1:00 a.m.: Bakkt’s third-quarter earnings call.November 10, 2:50 a.m.: Bank of Japan summary of opinions.November 10, 10:00 a.m.: Binance Pool and related services shut down.November 10, noon: Fed Governor Christopher Waller discusses the economic outlook.November 10–11: Digital Asset Summit London.November 10–13: Enjin Matrixchain Fort Canning referendum.November 10, 4:00 p.m.: Bitdeer’s third-quarter earnings call.November 10, 4:30 p.m.: US consumer inflation for October.November 10, around 8:00 p.m.: EIA Short-Term Energy Outlook.November 10, 9:30 p.m.: Bank of Canada summary of deliberations.November 10 at 11:30 p.m. and November 11 at 2:30 a.m.: Michelle Bowman’s economic outlook speeches.November 11, around noon: OPEC Monthly Oil Market Report.November 11, around 12:43 p.m.: Approximately $2.7 million APT unlock.November 11, around 4:00 p.m.: Approximately $23.7 million ALLO unlock.November 11: US bond market closed for Veterans Day.November 12, around 1:00 a.m.: MSCI November index review and final deletion list.November 12, 3:00 a.m.: Polymarket relayer and API changes.November 12: Blur closes its user interface and Blend stops matching new loans.November 12, 10:00 a.m.: UK third-quarter and September GDP data.November 12, 4:30 p.m.: US initial jobless claims.November 12, 6:00 p.m.: US existing-home sales for October.November 12, 6:00 p.m.: Fed Governor Michael Barr speaks.November 12: Arbitrum’s Glamsterdam pricing vote ends.November 13, noon: IEA Oil Market Report.November 13, 1:00 p.m.: Euro-area third-quarter GDP and employment estimate.November 13, 1:00 p.m.: Bitget removes ALPINE/USDT and QUBIC/USDT.November 13: Approximately $10.3 million–$12.3 million AZTEC unlock.November 13, 4:30 p.m.: US producer prices for October.November 13: Registration amendment for REX-Osprey crypto index ETFs becomes effective.November 14, 3:00 a.m.: Fed Vice Chair Philip Jefferson speaks.November 14, around 5:23 p.m.: Unlock of 1.32 million CONX.November 15, 3:00 p.m.: eCash network upgrade.November 15: Solana Breakpoint 2026 begins.November 15: Approximately $4.8 million STRK unlock.November 15: Approximately $2.5 million SEI unlock.
US nonfarm payrolls rose by 165,000 in October, exceeding expectations of 65,000. As the unemployment rate fell to 4.1%, Bitcoin moved in both directions following the release. After briefly slipping below $75,000 during the day, the price recovered to around $75,475 as of 15:33 UTC. Bitcoin failed to hold its initial gainsThe jobs report, released at 13:30 UTC on Friday, November 6, triggered short-term volatility in the crypto market. Bitcoin’s initial move higher did not last. After climbing above $76,100, the price returned to around $75,600.At approximately 13:58 UTC, Bitcoin traded near $75,780. That was roughly 0.2% below its pre-release level. The initial reaction therefore consisted of a brief rise followed by a modest pullback.Bitcoin remained below $76,000 in subsequent trading. At 14:35 UTC, the price stood at approximately $75,312. This indicated that the initial recovery following the release had lost momentum.Prices across these timestamps reflected the market’s search for direction after the data. The early rise and subsequent retreat pointed to choppy trading.Strong hiring supported expectations of a rate hikeUpward revisions to previous months also stood out in the jobs report. September’s initially reported gain of 29,000 rose to 60,000. The combined upward revision for August and September totaled 84,000 jobs.The unemployment rate came in at 4.1%, below the 4.2% forecast. Average hourly earnings increased by 0.4% month over month and 3.1% year over year. Both wage measures also exceeded market expectations.Following the release, the probability of a 25-basis-point rate hike in December rose to around 79%. Before the announcement, that figure stood near 70%. The shift showed that investors associated the strong report with a greater likelihood of tighter monetary policy.Interest-rate expectations matter for liquidity and risk appetite in the crypto market. Higher rates can make interest-bearing assets more attractive. However, a single employment report does not determine Bitcoin’s direction.Stronger-than-expected wage growth was another factor investors considered. Together with firmer hiring, it heightened sensitivity to the Fed’s upcoming rate decision.Bitcoin entered the release in an already weak marketBefore the employment announcement, the crypto market was still feeling the effects of Thursday’s technology stock selloff. Bitcoin’s 24-hour decline had reached 5.3% ahead of the data. Ethereum had fallen 7.3% over the same period.Liquidations of leveraged crypto positions had also exceeded $1 billion in the 24 hours before the announcement. Those losses and liquidations occurred before Friday’s jobs report. The market’s entire daily decline therefore could not be attributed to the newly released figures.The previous session’s selling provides important context for assessing the reaction to the employment data. While Bitcoin’s initial pullback was modest, the market had yet to recover the previous day’s losses.The post-release price action and the decline over a broader period therefore presented different pictures. Volatility dominated the first few minutes, while the daily performance continued to reflect earlier selling pressure.Attention turns to inflation dataUS inflation will be one of the next major releases on crypto investors’ calendars. The October Consumer Price Index is due on November 10. The figures will offer further insight into how interest-rate expectations may evolve after the strong employment report.The dollar and Treasury yields also remain important for Bitcoin during this period. Subsequent trading will show whether the initial volatility following the jobs report develops into a sustained move.
The Bank of Russia has identified the cryptocurrencies available for purchase by individuals without qualified investor status. According to the bank’s November 6 announcement, the list includes Bitcoin, Ethereum and Tether’s USDT. The rules will take effect on November 17, allowing retail investors to purchase up to 300,000 rubles worth of crypto annually through each intermediary.Access opens for Bitcoin, Ethereum and USDTThe new rules clarify the conditions for retail participation in Russia’s crypto market. Exchanges will be able to admit the three assets to public trading starting November 17.Investors will be able to make purchases through brokers, asset managers or crypto exchange businesses. The rules cover both exchange-based and over-the-counter transactions.The central bank considered market capitalization, average daily trading volume and price history on foreign platforms when compiling the list. Eligibility criteria include at least five years of price history. By focusing on highly liquid assets, the regulator aims to reduce the risks facing retail investors.Annual purchase cap applies separately to each intermediaryIndividuals without qualified investor status will face an annual purchase limit of 300,000 rubles through a single intermediary. The cap will therefore apply to purchases made through that particular provider.Before trading, investors will need to pass a test and familiarize themselves with the risks of crypto investments. This requirement will also apply to qualified investors.Qualified investors, however, will not face the same restrictions on asset types or purchase amounts. The central bank’s framework gives this group broader access to crypto trading.August proposal moves toward implementationThe central bank released its draft rules for retail crypto purchases for public consultation on August 11. The proposal also included Bitcoin, Ethereum and USDT, alongside an annual purchase cap of 300,000 rubles per intermediary.The regulator accepted comments and suggestions on the draft until August 24. Today’s announcement confirmed when the previously announced list will take effect. This marks another step in the implementation timetable for market participants.The broader regulatory framework rests on the cryptocurrency law that took effect in September. It provides for crypto exchange businesses and digital depositories to operate alongside existing financial institutions.The Bank of Russia had previously stated that crypto transactions could take place through brokers and management companies. The ban on using cryptocurrencies as a means of payment within Russia remains in place.Moscow Exchange plans to launch trading in DecemberAs the regulatory timetable progresses, Moscow Exchange is preparing to introduce crypto trading. The exchange plans to launch Bitcoin, Ethereum and USDT trading on December 1. According to the report, trading will run from 6:50 a.m. to 11:50 p.m. Moscow time.The National Clearing Centre will handle clearing. Both same-day and next-day settlement options will be available.The November 17 regulatory effective date therefore differs from Moscow Exchange’s planned trading launch. The first date allows the assets to be admitted to trading, while the exchange’s own schedule points to December.The market’s institutional infrastructure is also expanding. On October 6, the central bank announced that it had added the first five digital depositories and four crypto exchange businesses to the relevant registers.Digital depositories will be able to record and transfer rights to the assets. Crypto exchange businesses will be able to trade on their own account outside organized exchanges.
U.S.-listed spot Bitcoin ETFs recorded $430.2 million in net outflows on Thursday, November 5. Fidelity and BlackRock funds accounted for most of the withdrawals, according to SoSoValue data. Selling regained momentum after Wednesday’s modest inflows, bringing total net outflows for the first four days of the week to $869.8 million.Steep losses in technology stocks also weakened risk appetite across the crypto market. Bitcoin retested $76,000 on Friday after falling below that level on Thursday.Fidelity and BlackRock led Bitcoin ETF outflowsFidelity’s spot Bitcoin fund, FBTC, recorded Thursday’s largest outflow. Investors withdrew a net $199.9 million from the fund, while BlackRock’s IBIT registered $105 million in outflows.Combined withdrawals from the two funds reached $304.9 million. Fidelity and BlackRock therefore accounted for approximately 71% of the day’s total net outflows.Spot Bitcoin ETFs had attracted $74.6 million in net inflows on Wednesday. However, Thursday’s outflows were roughly 5.8 times that amount, suggesting the previous day’s recovery had failed to translate into sustained demand for the funds.Total net outflows for the week through Thursday rose to $869.8 million. This figure excludes Friday’s session, meaning the final weekly balance will depend on flows during the last trading day.Alongside Bitcoin’s price movements, ETF flows provide a useful gauge of investor demand in the U.S. market. Wednesday’s limited inflows, followed by substantially larger withdrawals, highlight the fragility of the recovery.Tech selloff weighed on fund demandThe ETF outflows coincided with a session of heavy losses on Wall Street. The Nasdaq fell 5.5% on Thursday, while the S&P 500 declined approximately 4.3%.FalconX and GSR analysts linked the selloff to concerns that Democrats’ midterm election gains could slow AI data-center construction. Questions over the returns on large infrastructure investments added to the pressure on technology stocks.Against this backdrop, Bitcoin erased Wednesday’s post-election gains. Despite returning to the $76,000 level on Friday, it remained down more than 5.3% over the preceding 24 hours at the time of writing.U.S. demand remained weak during the recoveryDerivatives activity and price differences between exchanges also painted a cautious picture during Wednesday’s rally. Open interest in Bitcoin futures remained broadly flat despite the recovery.Meanwhile, Bitcoin traded at a discount on Coinbase relative to Binance. This sign of subdued U.S. buying demand, alongside limited ETF inflows, suggested the rally lacked strong demand support.Liquidations of leveraged positions accelerated the decline. According to CoinGlass, $1.26 billion in crypto positions were liquidated over the past 24 hours, including approximately $1.12 billion in long positions, or bets on higher prices.Simon-Peter Massabni, head of business development at XS.com, said the stock-market selloff had increased pressure to reduce portfolio leverage. According to Massabni, asset managers were also liquidating alternative investments to meet margin calls.Despite Bitcoin’s recovery toward $76,000, ETF flows have yet to signal a sustained turnaround in demand.
Bitcoin fell below $76,000 as a sharp sell-off in Wall Street technology and chip stocks spread to the crypto market. Concerns about a potential slowdown in artificial intelligence investment weakened risk appetite, while unease over the security incident at Binance persisted. Over the past 24 hours, $1.26 billion in leveraged crypto positions were liquidated; long positions betting on higher prices accounted for 88.33% of the total. Long liquidations exceeded $1.1 billionAccording to the data, total liquidations over the past 24 hours reached $1,263,408,512. Approximately $1.116 billion came from long positions, while short positions accounted for $147.38 million.The value of liquidated positions betting on higher prices was roughly 7.6 times that of positions betting on a decline. The breakdown showed that long positions bore most of the liquidation losses over the day.The heavy concentration in long positions highlighted the impact of downward price movements on leveraged trades. Liquidations reached $221.86 million over the past 12 hoursLong positions also accounted for the majority of liquidations over shorter periods. According to the summary figures at the top of the dashboard, total liquidations reached $221.86 million over the past 12 hours.During that period, long liquidations amounted to $175.54 million, compared with $46.32 million in short liquidations. Long positions represented 79.12% of the total.The 12-hour liquidation figure accounted for approximately 17.6% of the daily total. This breakdown suggested that most of the liquidations within the 24-hour window occurred before the most recent 12 hours.Over the past four hours, total liquidations stood at $30.56 million. Long positions accounted for $20.62 million, while short positions made up $9.94 million.The share of long positions in total liquidations therefore fell to approximately 67.5% over the four-hour period. Compared with the daily figures, the gap between the two sides narrowed over shorter time frames.Short liquidations dominated the past hourThe one-hour figures showed a different pattern from the daily breakdown. Total liquidations reached $6.65 million during this period, with short positions accounting for the largest share at $5.40 million.Long liquidations stood at approximately $1.25 million. Positions betting on falling prices therefore accounted for around 81.2% of total liquidations over the past hour.The dominance of short liquidations suggests that upward price movements during this period put pressure on leveraged bearish positions. However, a single hour’s breakdown is insufficient to establish that a sustained recovery has begun across the market.Taken together, the figures show that long liquidations dominated the daily total. The shift toward short liquidations in the past hour indicates that leveraged traders were affected by price movements in both directions.Liquidation totals do not represent cash leaving the marketLiquidation occurs when a leveraged position is forcibly closed because its collateral is no longer sufficient to keep it open. The $1.26 billion total therefore does not mean that the same amount of cash was withdrawn from the crypto market.The figure reflects the value of positions liquidated during the specified period. The 24-hour, 12-hour, four-hour and one-hour figures also cover overlapping periods, so adding them together would incorrectly inflate the total.
Wallets linked to Trump Media & Technology Group, the parent company of Truth Social, sent a total of 4,259.34 Bitcoin to Crypto.com. According to Arkham data, the transfer took place in two separate transactions. The move has renewed questions about whether the company is reducing its Bitcoin reserves ahead of a potential debt repurchase obligation at the end of the month.However, moving Bitcoin to an exchange address does not establish that a sale has occurred. Trump Media previously described similar transfers to the same platform as part of its custody management and trading strategy.Bitcoin moved from wallets labeled as collateralAccording to Arkham data, the transactions took place at 02:17 UTC. The first transferred 2,140.03 BTC, while the second sent 2,119.31 BTC to the same address, reportedly owned by Crypto.com. Source: CoinDesk Arkham labels the sending addresses as “2028 Convertible Notes Collateral.” That label aligns with the borrowing and collateral arrangement the company previously disclosed.According to Trump Media’s second-quarter report, the company had pledged 4,260.73 BTC as collateral for its convertible notes as of June 30. The report states that withdrawing or distributing those coins requires meeting certain conditions under the debt agreement.The latest transfer represents nearly all of the disclosed collateral amount. However, the wallet labels and similar amounts alone do not explain the purpose of the transactions or establish whether the collateral arrangement has changed.The source article includes conflicting figures for the transfer’s dollar value. Based on the Bitcoin price of approximately $80,372 displayed in the article, 4,259.34 BTC would be worth around $342.3 million; the $434 million figure in its introduction does not align with that price.A potential $1 billion payment looms at month-endThe company’s approaching debt repurchase date makes the timing of the transfer noteworthy. According to a November 2 securities filing, convertible noteholders will be able to require the company to repurchase their notes for cash on November 30.If all noteholders exercise that right, Trump Media could face a payment of approximately $1 billion. That figure assumes every holder requests a repurchase; it does not represent a confirmed payment obligation of that size.The same filing warns that the company may have to sell Bitcoin or other digital assets to fund the repurchases if refinancing or other measures prove insufficient. However, that possibility does not establish that the latest wallet activity was intended to fund debt repayments.The transferred amount represents approximately 30% of the roughly 14,139 BTC Trump Media disclosed holding as of July 31, including pledged assets. Still, that July figure does not directly reflect the company’s current reserves.Moving Bitcoin to a different custody address also does not mean ownership has changed. The transfer alone therefore cannot support the conclusion that the company’s total Bitcoin holdings have fallen by 30%.Trump Media said earlier Crypto.com transfers were not salesWallets linked to Trump Media also sent approximately 2,650 BTC to Crypto.com in May 2026. Following that transfer, worth around $205 million at the time, a company spokesperson said the Bitcoin had not been sold and that the move was part of a broader trading strategy.In early August, another 2,628 BTC, worth approximately $165 million, moved to the same platform. The company also described that transaction as custody management and said no sale had taken place.Crypto.com has been one of Trump Media’s custody partners since the company launched its Bitcoin treasury strategy.
Bitcoin traded above $80,000 on Thursday, November 5, as global markets recovered. After Democrats won majorities in both chambers of the US Congress, hopes for an end to the Iran conflict and lower oil prices supported risk appetite. Zcash stood out among major cryptocurrencies with a 6% gain.According to market data, Bitcoin rose 3% over the past 24 hours to approximately $80,606. Ethereum gained 5% to $2,427, while XRP climbed 3% to $1.31. Solana advanced 3.7% to $96, and BNB rose 2% to around $715. Bitcoin recovers its election-night lossesThe crypto market’s initial reaction was a selloff. As election results came in, Bitcoin fell to around $75,700 early Wednesday. Buyers then returned, pushing the price back above the $80,000 threshold.Jeff Mei, chief operating officer at crypto exchange BTSE, linked the recovery to gains in equities. According to Mei, investors believe the election outcome increases the likelihood of an end to the Iran conflict and high oil prices.Brent crude fell more than 8% on Wednesday, while the S&P 500 gained 1.6%. The dollar also weakened. Expectations that lower energy costs could ease inflationary pressure and reduce business expenses supported buying across markets.Asian equities, however, did not move uniformly. Samsung Electronics and SK Hynix fell more than 6% on Thursday amid expectations of tighter scrutiny of data centers. Chinese internet companies Tencent and Alibaba gained more than 5%.Zcash rises as time runs out for $16 million in remaining fundsZcash rose nearly 7% over the past 24 hours to approximately $1,323. Trading volume reached $1.2 billion during the same period. Alongside the price movement, the NU7 upgrade is also in focus for the network, which supports payments that conceal the sender, recipient and transaction amount.A key issue ahead of the upgrade concerns funds remaining in Sprout, the network’s oldest privacy pool. According to figures shared Thursday morning, the pool held approximately 12,226 ZEC. At $1,300 per ZEC, that amounts to roughly $16 million.A week earlier, the pool’s balance stood at around 22,263 ZEC. Most of the outflows occurred on Sunday, when approximately 9,094 ZEC moved out. Only around 40 ZEC left the pool on Wednesday.Sprout is an older privacy system that has been in use since Zcash launched in October 2016. Later network upgrades introduced newer pools. These pools can be understood as separate balance compartments that use different generations of privacy technology.The ZIP 2003 technical specification proposes disabling version 4 transactions with NU7. Because this is the only transaction format capable of spending Sprout funds, any assets remaining in the pool will become unspendable once the change takes effect. Holding the private keys alone will not allow users to bypass this restriction.The change does not affect all ZEC holders; it concerns users with funds in the Sprout pool. The pool’s total balance also does not reveal who owns the assets or how much belongs to wallets whose keys have been lost.NU7 targets activation at block 3,543,405NU7 is scheduled to activate at block 3,543,405. The block height reported Thursday morning and the current target block time of 75 seconds suggest activation could occur around Friday morning in Türkiye. The exact timing may vary depending on how quickly miners find blocks.The upgrade also aims to reduce the target block time from 75 seconds to 25 seconds. This is expected to speed up transaction confirmations. For example, if an exchange continues to require three confirmations, the theoretical waiting time could fall from approximately 225 seconds to 75 seconds.Funds remaining in Sprout will continue to count toward Zcash’s issued supply. ZIP 2003 leaves open the possibility of restoring access through a future upgrade, while also warning that spending may never be re-enabled.Uncertainty over crypto regulation persistsDespite the market rally, Mei believes the election outcome could complicate the crypto industry’s legislative ambitions. He considers the CLARITY Act, which aims to establish rules for US crypto markets, unlikely to pass in its current form. He also remains cautious about the prospects for interest rate cuts.The new congressional majorities will take office on January 3. Proposed amendments to the bill and whether Congress pursues crypto-related investigations will be among the sector’s main points of focus in the coming months.
Bitcoin sold off and then rebounded sharply as Democrats won majorities in both the Senate and the House of Representatives. BTC fell below $76,000 as the first results came in, then climbed to $78,300 on Wednesday morning, November 4. Ether also approached $2,300, while TRUMP, the token named after Donald Trump, bucked the trend and fell. Bitcoin erases election-night losses within hoursSelling picked up as it became clear that Democrats would win both chambers of Congress. Buyers stepped in just below $76,000. By late morning, Bitcoin had climbed to $78,300, more than $2,300 above its overnight low.Dick Lo, founder of TDX Strategies, attributed the rebound to how quickly the election outcome became clear. In his view, Democratic control of Congress could make it harder to pass legislation backed by the crypto industry. At the same time, with the White House and Congress in the hands of different parties, both sides have less room to push through sweeping policy changes that could unsettle markets.Nasdaq 100 futures followed a similar path. After falling as much as 2.4% overnight, they edged into positive territory during the European morning session. Both markets saw their steepest losses as the first results came in. Buyers returned once it became clear which party would control Congress.Bitcoin options trades reach $660 millionThe options market offered a glimpse into how traders positioned themselves on election day. Paradigm executive Nicolas Quatravaux said Bitcoin options block trades on the platform reached about $660 million in notional value, more than double the previous day’s volume.Traders bought roughly $420 million in Bitcoin call options through Paradigm. These contracts give buyers the right to purchase Bitcoin at a set price. Even as selling continued in the spot market, some derivatives traders were positioning for a rebound. The $420 million figure represents the notional value of the contracts.Ether rises as TRUMP token falls 4%The recovery spread to altcoins. Ether rose 1.7% to $2,296.59, while XRP gained 1.5% and Cardano added 1.4%. Solana, BNB and Dogecoin each rose 0.8%. TRUMP, one of the tokens most closely tied to the election, fell 4% after the results came in.For the crypto industry, one of the night’s most closely watched races was in Ohio. Democrat Sherrod Brown defeated Republican Senator Jon Husted to return to the Senate. According to CoinDesk, the crypto-backed groups Fairshake and Digital Freedom Fund committed more than $63 million between them to the Ohio race in an effort to defeat Brown.The Ohio result could stay on the industry’s agenda long after Bitcoin’s brief sell-off. When the new Congress takes office in January, Brown will be among the senators crypto companies will need to court for support on market structure legislation, just months after backing efforts to defeat him.
North Korea has denied allegations that it was behind the Binance attack, the largest cryptocurrency theft on record. Blockchain analytics firms and the FBI had attributed the attack, which involved more than $6 billion, to North Korean hackers.According to Yonhap News Agency, citing state news agency KCNA, Kim Yo-jong, the sister of North Korean leader Kim Jong-un, criticized the FBI’s attribution of the attack to the TraderTraitor group. Kim called the accusation a “serious political provocation” and accused Washington of misleading international opinion by portraying cybercrimes worldwide as the work of North Korea.Kim said the FBI was attempting to brand her country a “cybercriminal state.” She recalled that the United States had also attributed last year’s Bybit hack to North Korea, dismissing the allegations as absurd and a repetition of earlier claims.North Korea also conducted a strategic cruise missile test following the statement.The attack lasted approximately 20 minutesAccording to TRM Labs, the attacker drained approximately $6.36 billion from Binance wallets across 10 blockchains in around 20 minutes on October 29. The amount was roughly four times the $1.5 billion stolen in the February 2025 Bybit hack.TRM said preparations began at least 36 hours before the attack and that the operator’s wallet received funding through Tornado Cash. The attacker first tested the malicious code on three wallets.On Ethereum, the attacker used the EIP-7702 standard to turn a Binance hot wallet into a sweeper wallet under their control. To do so, the attacker prepared 50 signed authorizations in advance.Following the attack, Tether froze approximately $1.77 billion in USDT, while Circle froze around $825 million in USDC.FBI lists more than 600 addressesThree firms, including TRM Labs, linked the attack to North Korea. Over the weekend, the FBI also confirmed that North Korea was behind the theft.The FBI said the state-sponsored TraderTraitor group, active since at least 2020, had converted the stolen assets primarily into Ether. Its advisory listed 608 Ethereum addresses, 19 Bitcoin addresses and one Solana address.The FBI urged a wide range of services, from THORChain node operators to DeFi platforms, to block transactions linked to these addresses. According to analyst SomaXBT, the hackers laundered approximately $242 million through the Tron network in the first two days.The FBI had also attributed the February 2025 Bybit attack to TraderTraitor.Binance replaces 95% of affected assetsBinance published its first proof-of-reserves report following the attack on Monday. The exchange said it had replaced approximately 95% of the affected assets using its own funds.Binance also announced that it would gradually reopen withdrawals for additional assets and networks.
Michael Saylor’s Strategy has resumed its Bitcoin purchases after a one-week pause. The company bought another 810 BTC, bringing its total holdings to 849,327 BTC. This marks the highest level the company has reached to date.Strategy spent approximately $65.5 million on the latest purchase. The average purchase price came in just under $81,000. During the same period, the company also repurchased $208.2 million of STRC preferred shares.Saylor announced the purchase on XSaylor announced the purchase on Monday via his X account. According to the post, the company held 849,327 BTC and $4.9 billion in USD assets as of November 1. Saylor’s message put the purchase at 811 BTC. However, compared with the 848,517 BTC the company reported the previous week, the net increase amounts to 810 BTC.Ahead of the purchase, Saylor shared his customary orange chart on Sunday. The note he added to the chart, “We found room for even more orange,” was read by the market as a signal of a new purchase.Funding came from MSTR salesThe company raised approximately $164 million by selling 1.18 million MSTR shares. Close to $100 million of that amount was allocated to its USD reserve. Strategy’s USD reserve currently stands at around $4.8 billion. The company also holds $132.7 million in cash.Last week, the focus was on STRCStrategy did not buy any Bitcoin the previous week. That week, the company spent $204.9 million to repurchase 2.07 million STRC shares. These purchases brought the two-week buyback total to approximately $398 million.The STRC price also recovered during this period. The stock is currently trading less than 1% below its $100 par value. In October, Strategy also raised the limit of its digital credit securities repurchase program from $2 billion to $3 billion.Record profit and CFO departureStrategy reported net income of $19.5 billion for the third quarter. Most of the profit came from accounting gains on its Bitcoin holdings. Meanwhile, the company’s long-serving CFO, Andrew Kang, announced that he will step down on November 5.With the latest purchase, Strategy now holds more than 4% of the total Bitcoin supply. Bitcoin was trading at around $77,800. That price was roughly 3% above the company’s most recently disclosed average cost.
U.S. spot Bitcoin ETFs recorded $643.3 million in net outflows on Friday, October 30. The withdrawals, which followed the attack on Binance, marked the largest daily outflow since June 25. Spot Ethereum ETFs also saw $155.9 million in outflows that day.According to SoSoValue data, Bitcoin funds ended the week of October 30 with total net outflows of $202.6 million. Ethereum funds recorded $431.5 million in weekly net outflows.The figures show that selling pressure intensified across investment products tied to both assets at the end of the week. However, the daily and weekly totals reveal different patterns for Bitcoin and Ethereum funds.Outflows accelerate across Bitcoin and Ethereum fundsFriday’s outflows from Bitcoin ETFs exceeded the entire week’s net outflows by more than three times. The difference indicates that the funds attracted approximately $440.7 million in combined net inflows over the other four trading days. Friday’s selling erased those gains and pushed the weekly balance into negative territory.For Ethereum ETFs, weekly outflows exceeded Friday’s total. The $155.9 million withdrawn on Friday marked the largest daily outflow since October 7. The weekly total of $431.5 million shows that Ethereum funds also experienced net outflows across the other trading days combined.The two fund groups recorded combined net outflows of $799.2 million on Friday. Their combined weekly net outflows totaled $634.1 million.Binance attack weighs on risk appetiteThe ETF outflows coincided with an attack on Binance involving approximately $6.3 billion. The FBI attributed the October 29 theft to TraderTraitor, a North Korea-linked hacking group. The agency also said the attackers had primarily converted the stolen assets into Ethereum.Fund movements at Binance remain under scrutiny following the exchange’s reopening of withdrawals. According to a November 2 Reuters report, a company spokesperson said net outflows had reached $4.72 billion since Sunday morning. Binance said withdrawal volumes had begun to decline and stabilize after the initial surge.Exchange withdrawals and ETF outflows reflect different types of activity. Exchange customers can move assets to other platforms or personal wallets, while ETF figures track net flows into and out of those investment products. Combining the two figures to calculate the total amount of money leaving the crypto market could therefore be misleading.How do analysts interpret the scale of outflows?ViaBTC Chief Analyst Jeff Ko linked the ETF outflows to a shock to investor sentiment. Ko noted that spot ETFs hold their underlying Bitcoin with regulated custodians, emphasizing that investors have no direct exposure to Binance.Laevitas Head of Markets Rick Maeda also compared the withdrawals with the funds’ overall size. Based on the $98.14 billion in total net assets cited in the report, Friday’s Bitcoin ETF outflows represented approximately 0.66% of assets.Maeda interpreted the scale of the withdrawals as investors reducing risk. However, the outflows’ share of total assets alone does not indicate how fund demand will develop in the coming days.ETF demand remains in focus this weekAnalysts expect investors to remain cautious in the near term. According to Zeus Research analyst Dominick John, a sustained recovery in ETF inflows will require greater market stability, improved liquidity and stronger investor confidence.Updates on Binance’s services and the security investigation will remain among the developments markets watch this week. The U.S. midterm elections could also influence expectations for how crypto legislation progresses through Congress.Friday’s reversal of the net inflows recorded earlier in the week highlighted Bitcoin ETF demand’s sensitivity to news developments. Data from the coming trading sessions will show whether demand strengthens again following the latest withdrawals.
Bitcoin started the week of November 2–8 at around $78,000. Ether traded near $2,280, while last week’s Binance hack continued to weigh on market risk appetite. Binance customers withdrew a net $3.64 billion after the exchange came back online. The company said it had replenished 95% of the $6.3 billion in stolen assets and was sourcing the remaining low-liquidity tokens from the market.The US midterm elections and Friday’s employment report lead the week’s macroeconomic agenda. Central banks in Australia, Sweden, Norway and the United Kingdom will also announce interest-rate decisions.US elections could shape the direction of crypto regulationThe US midterm elections will take place on Tuesday, November 3. Voters will decide all 435 seats in the House of Representatives and approximately one-third of the Senate.The new balance of power in Congress will directly affect the digital asset market. The Senate failed to secure the 60 votes required to advance the CLARITY Act in September.The crypto industry spent approximately $176 million across more than 100 races during the election cycle. Groups backed by Coinbase, Ripple and Andreessen Horowitz want the new Congress to reconsider the market structure bill.A change of majority in either chamber could reshape debates over SEC and CFTC authority, stablecoin interest payments and crypto companies’ access to banking services.US employment report will test Fed expectationsThe US Bureau of Labor Statistics will publish September’s JOLTS job openings data on Tuesday, November 3, at 6:00 p.m. Türkiye time. Markets expect approximately 7.1 million openings, following the previous reading of 7.08 million.The ADP private-sector employment report will arrive on Wednesday, November 4, at 4:15 p.m. Türkiye time. The market expects an increase of 75,000 jobs.The ISM services PMI will follow at 6:00 p.m. on the same day. Economists expect a reading of around 54.8, compared with 54.9 previously.The week’s main data release will be the US employment report on Friday, November 6, at 4:30 p.m. Türkiye time. The report will cover October employment, unemployment and wage changes.Markets expect nonfarm payrolls to increase by approximately 63,000–65,000. Employment rose by 29,000 in September, while the unemployment rate stood at 4.2%.Strong employment and wage results could support expectations that the Fed will maintain tight monetary policy for longer. A weak report could lower the dollar and Treasury yields, giving Bitcoin short-term room to recover.Four central banks will announce interest-rate decisionsThe Reserve Bank of Australia will announce its decision on Tuesday, November 3, at 6:30 a.m. Türkiye time. Its press conference will begin at 7:30 a.m.Markets expect the RBA to raise its policy rate by 25 basis points to 4.85%. The bank is assessing the risk that higher oil prices could become embedded in inflation expectations.Sweden’s Riksbank will publish its decision and monetary policy update on Wednesday, November 4, at 11:30 a.m. Türkiye time. Markets expect the bank to raise its rate from 1.75% to 2%.Norges Bank will announce its decision on Thursday, November 5, at noon Türkiye time. The bank could leave its current policy rate unchanged at 4.50%.The Bank of England’s decision will arrive at 3:00 p.m. on the same day. According to Reuters, economists expect the BoE to raise its rate from 3.75% to 4%.Governor Andrew Bailey’s press conference will begin at 3:30 p.m. New inflation projections and guidance for 2027 could influence sterling and global risk appetite.Euro-area inflation may have accelerated againEurostat will publish its flash inflation estimate for October on Wednesday, November 4, at 1:00 p.m. Türkiye time. Annual inflation stood at 3.8% in September.Market forecasts suggest the rate could rise to between 3.9% and 4%. Economists expect core inflation to remain near 2.5%.Higher energy costs are complicating the European Central Bank’s interest-rate outlook. A result above expectations could support the euro and place upward pressure on global bond yields.Strait of Hormuz risks keep oil prices elevatedBrent crude remained near $110 despite falling more than 3% on Monday. West Texas Intermediate traded at approximately $101.Iranian and Qatari officials are continuing talks aimed at ending the US-Iran conflict. The Strait of Hormuz could reopen within two days if the parties accept the proposal under discussion.A breakdown in talks could increase the geopolitical risk premium in oil prices. Energy costs could also affect Bitcoin and altcoins through central banks’ interest-rate decisions.Base will upgrade as Horizen L3 shuts downBase will activate its Denim mainnet upgrade on Thursday, November 5, at 9:00 p.m. Türkiye time. The network is expected to remain operational during the upgrade.Node operators must upgrade to base/base v1.5.1. Denim will reduce Base’s block time to 200 milliseconds.The change will make Horizen L3, which settles on Base, incompatible with the network. Horizen will therefore shut down its L3 permanently.Users must move their assets to Base by 4:00 p.m. Türkiye time on November 4. USDC.e balances are not covered by the automatic return process, making it important for users to bridge these tokens before the deadline.Initia started the week by bringing its L1 and rollups back online. The project deployed an audited MoveVM patch and restored the reserves backing AUSD0, USDC.n and WETH following last month’s exploit.Some calendars list Zcash NU7 as an event for this week. Zcash’s official page shows that the mainnet activation height has not been set, so NU7 has been excluded from this calendar.Coinbase will complete a token migrationCoinbase will conduct its AERO and VELO migration between November 2 and 4. Existing AERO balances will convert to the new AERO token at a one-to-one ratio.VELO balances will convert at approximately 0.044 AERO per token. Coinbase will temporarily disable AERO and VELO transfers during the migration.KuCoin will list five tokenized assets representing shares in Amazon, Coinbase, Intel, Meta and Nvidia on November 2. The first three pairs will open at 1:00 p.m. Türkiye time, followed by INTCX and NVDAX at 2:00 p.m.KuCoin and Bitget will conduct extensive delistingsKuCoin will remove 23 tokens from its spot market on November 5 at 11:00 a.m. Türkiye time. The list includes ANOME, ATA, BCUT, BULLA, CESS, COMMON, D, DOLO, ECHO, ES, EYWA, GAIA, ION, LADYS, NOON, PIGGY, SAROS, HIPPO, SUNDOG, SUP, U2U, VAYLA and XTER.The exchange plans to keep withdrawals open until December 7 at 11:00 a.m. Türkiye time. KuCoin says it may bring this deadline forward if the affected networks stop operating.Bitget will remove CHILLGUY, ZIG, BRETT, FOGO, WEMIX and AL spot pairs on Friday, November 6, at 1:00 p.m. Türkiye time. The decision covers spot trading through unified accounts.Bybit will end transfer support for several stablecoin networks at 11:00 a.m. on the same day. The exchange will stop USDC deposits and withdrawals through Sei and Hedera, along with USDT transfers through Berachain, Kava and Kaia.OKX will end withdrawal support for GODS, PRCL and DUCK on Saturday, November 7, at 11:00 a.m. Türkiye time. The exchange removed these tokens from its spot market in August, so this development does not represent a new delisting decision.ENS governance vote will concludeThe ENS community’s Governor Nexus Update vote will end on Tuesday, November 3, at 9:15 p.m. Türkiye time. The proposal aims to prepare a new governance contract based on OpenZeppelin v5.6.1 for an external audit.The Arbitrum community is also discussing a system that would allow new Stylus contracts to activate after passing a limited security audit. The current stage does not create binding onchain execution.Approval would not allow new contracts to activate on the same day. Arbitrum would first need to complete contract development, an independent audit and a final onchain vote.HYPE’s theoretical unlock value exceeds $866 millionBitway will unlock approximately 101.6 million BTW on November 2. Based on a preparation-time price of $1.01, the unlock is worth approximately $102.6 million.Momentum’s schedule shows 252.7 million MMT unlocking on November 4. The estimated $31.6 million value is based on a projected schedule and exceeds the amount of MMT currently in circulation.Hyperliquid’s theoretical schedule shows approximately 9.92 million HYPE for November 6. At the current price, this creates an upper limit of roughly $866.5 million.A significant difference exists between HYPE tokens becoming eligible and the amount holders actually claim. Tokenomist currently tracks approximately $15.8 million as committed, meaning the full theoretical amount may not enter the market.The schedule lists 888.89 million STABLE worth approximately $23.9 million. Tracking platforms place the release between late November 7 and November 8, creating some uncertainty over the exact time.Avalanche will release approximately 1.67 million AVAX allocated to the foundation on November 8. At the current price of $8.60, the unlock is worth around $14.4 million.Circle and Bitcoin miners will report earningsCipher Digital will publish its third-quarter results before the US market opens on Monday, November 2. Its conference call will begin at 4:00 p.m. Türkiye time.Circle will discuss its third-quarter results on Wednesday, November 4, at 4:00 p.m. Türkiye time. USDC circulation, reserve income and payments to distribution partners will be among the key figures to watch.Hut 8 will review its results at 4:30 p.m. on the same day. Investors will focus on Bitcoin production, the company’s energy portfolio and investments in AI data centers.Core Scientific will hold its earnings call on November 5 at 4:30 p.m. Türkiye time. TeraWulf will follow on November 6 at 4:00 p.m.Mining operations and high-density data center contracts will stand out in both companies’ results.Devcon will begin in MumbaiThe Ethereum Foundation will hold Devcon 8 in Mumbai from November 3 to 6. The program will focus on protocol engineering, privacy, governance and decentralized applications.ETHGlobal Mumbai will take place in the same city from November 5 to 7. The hackathon will give developers an opportunity to build new Ethereum applications during Devcon week.Bitcoin Amsterdam will take place at the SugarFactory on November 5–6. The program will bring together capital allocators, Bitcoin developers and European policymakers.Hong Kong FinTech Week will run from November 2 to 6. Cosmoverse’s Hong Kong Digital Asset Summit will also take place on November 5–6, focusing on institutional digital assets and tokenization.This week’s 46-event crypto calendarAll times are Türkiye time, UTC+3.November 2, 1:00 p.m.: AMZNX, COINX and METAX trading begins on KuCoin.November 2, 2:00 p.m.: INTCX and NVDAX trading begins on KuCoin.November 2, 4:00 p.m.: Cipher Digital’s third-quarter earnings call.November 2, 6:00 p.m.: US ISM manufacturing PMI; forecast 54.7, previous 54.5.November 2: Approximately $102.6 million in BTW unlocks.November 2–4: Coinbase’s AERO and VELO migration.November 2–6: Hong Kong FinTech Week.November 3, 6:30 a.m.: Reserve Bank of Australia interest-rate decision.November 3, 7:30 a.m.: RBA press conference.November 3, 11:00 a.m.: KuCoin closes deposits for 23 tokens.November 3, 6:00 p.m.: US JOLTS job openings for September.November 3: US midterm elections.November 3, 9:15 p.m.: ENS Governor Nexus Update vote concludes.November 3–6: Devcon 8 Mumbai.Around November 3: Binance’s estimated publication date for its complete zero-knowledge proof of reserves.November 4, 11:30 a.m.: Riksbank interest-rate decision.November 4, 1:00 p.m.: Riksbank press conference.November 4, 1:00 p.m.: Flash euro-area inflation for October.November 4, 4:00 p.m.: Circle’s third-quarter earnings call.November 4, 4:00 p.m.: Horizen L3 bridge closes.November 4, 4:15 p.m.: US ADP private-sector employment report.November 4, 4:30 p.m.: Hut 8’s third-quarter earnings call.November 4, 4:30 p.m.: US trade balance for September.November 4, 6:00 p.m.: US ISM services PMI.November 4: Estimated $31.6 million MMT unlock.November 5, 11:00 a.m.: KuCoin removes 23 tokens from its spot market.November 5, noon: Norges Bank interest-rate decision.November 5, 3:00 p.m.: Bank of England interest-rate decision.November 5, 3:30 p.m.: BoE Governor Andrew Bailey’s press conference.November 5, 4:30 p.m.: US weekly initial jobless claims.November 5, 4:30 p.m.: US third-quarter productivity and labor costs.November 5, 4:30 p.m.: Core Scientific’s third-quarter earnings call.November 5, 9:00 p.m.: Base Denim mainnet upgrade.After 9:00 p.m. on November 5: Horizen L3 stops processing transactions.November 5–6: Bitcoin Amsterdam.November 5–6: Hong Kong Digital Asset Summit.November 5–7: ETHGlobal Mumbai.November 6, 11:00 a.m.: Bybit ends support for selected USDC and USDT networks.November 6, 1:00 p.m.: Bitget removes six spot pairs.November 6, 4:00 p.m.: TeraWulf’s third-quarter earnings call.November 6, 4:30 p.m.: US nonfarm payrolls, unemployment and wage data.November 6, 6:00 p.m.: Preliminary University of Michigan consumer sentiment.November 6: Monthly eligibility date for HYPE allocated to core contributors.November 7, 11:00 a.m.: OKX ends withdrawals for GODS, PRCL and DUCK.Late November 7–November 8: Approximately $23.9 million STABLE supply event.November 8: Approximately $14.4 million AVAX unlock.The US election results, Friday’s employment report and central banks’ response to energy-driven inflation could determine the market’s direction. Binance withdrawal activity and its reserve replenishment process will remain the most important crypto-specific confidence indicators.
Binance said it has allocated more than $6.34 billion in company funds to cover losses caused by the security breach. According to the exchange’s update on Friday, October 30, that amount excludes approximately $3 billion in assets frozen with help from industry partners.The company estimates the total impact of the October 29 attack at around $6.3 billion. While the funds set aside exceed that estimate, purchases of some of the tokens needed to cover the losses are still underway.Binance is buying the remaining tokensAccording to Binance, approximately $5 billion of the allocated funds is already held in the same tokens affected by the attack. The company is acquiring the remaining roughly $1.3 billion through market purchases and over-the-counter transactions.Low liquidity in some tokens could slow those purchases. Settlement times for over-the-counter trades could also cause delays.Setting aside sufficient funds therefore does not mean that Binance has finished acquiring all the necessary tokens. The exchange continues to make purchases to cover users’ holdings in the same assets.The $3 billion in frozen assets is being treated separatelyFollowing the attack, asset issuers and industry partners moved to freeze funds linked to suspicious transfers. Binance said these efforts resulted in approximately $3 billion in frozen assets.According to the statements shared, Tether froze more than $1.57 billion in USDT. Circle took similar action involving over $800 million in USDC.Binance Co-CEO Yi He said Ripple also acted quickly to freeze approximately $200 million in associated funds. World Liberty Financial said it worked with BitGo and other partners to freeze around $27 million in stablecoins and $2 million in its own tokens.Freezing restricts the movement of those assets, but it does not mean the recovery process is complete. Binance is excluding these funds from its allocated reserves while working with law enforcement and industry partners to trace and recover the assets.Initial findings pointed to a DevOps engineer’s laptopBinance Co-CEO Richard Teng said the initial investigation pointed to a compromised laptop belonging to a DevOps engineer. According to Teng, the attacker used that access to reach a service container and submit unauthorized withdrawal transactions.However, Teng stressed that the attack involved a more complex process than simply using one employee’s permissions. He also said the investigation had not attributed responsibility to any individual.In a subsequent update, the exchange said investigators had uncovered additional points of breach. The compromised laptop therefore remains an initial finding concerning how the attack may have started; the full technical causes have yet to be established.Teng also said investigators had so far found no evidence that wallet private keys had been leaked. The company plans to publish a detailed technical report once the investigation is complete and the findings have been verified.Withdrawals remain on holdAccording to Binance’s statements, deposits continue to operate, while withdrawals remain suspended during security work. The company is working on security improvements to its withdrawal service and related addresses.Assessments of who was behind the attack are also ongoing. Blockchain intelligence firm TRM Labs said the incident shares similarities with attacks linked to North Korea, while Binance has not attributed it to a specific group.The exchange said it would publicly verify user assets through its Proof of Reserves system. The funds allocated to cover losses, the completion of token purchases and the recovery of frozen assets remain key developments to track as the process continues.
