LC Insight: crypto news and on-chain analysis
Binance lost a record $6.3 billion. Who froze $2.7 billion of it?
Attackers emptied Binance's hot wallets on October 29 in the biggest crypto theft on record. Stablecoin issuers froze about $2.7 billion, the FBI blames North Korea, and Binance says users will not pay.
Latest
Midnight's NIGHT airdrop thaw ends December 4. The last 25% installments are landing now
A $101 million shark lost $1.21 million in a week, then sold 11 altcoins in two minutes
Two Hyperliquid traders made $111.7 million in the week bitcoin fell below $70,000
Sharks' weekly loss quadrupled to $10.5 million. Yesterday's top wallet is down $1.35 million
A shark sold 29.17 million WLD for $8.49 million in one trade as bitcoin fell below $70,000
Sharks bought $36.4 million of RLUSD in a day. Over the week, whales sold $12 million net
Smart money SM2b00 made $22 million on $13.29 billion of trades. Now it holds 15 shorts
The LC Insight view
We think HYPE held up because traders see it as tied to Hyperliquid's trading volume, which tends to rise when prices swing. That link is a view, not a rule.
HYPE rose 4% as bitcoin fell 5%. Longs pay on 84% of its $2.6 billion in futures bets
We think a 151% day after a 95% fall says more about trading flows than about the product. With volume above market value, a few large traders can move the price both ways.
Akedo's AKE jumped 151% in a day. It is still 95% below its September record
We think IBIT's share count is the clearest signal right now: it ended November 6 close to its September 30 level, then fell 1.6% in four sessions.
BlackRock's IBIT shed 22.7 million shares in four sessions as bitcoin fell to $68,393
Markets
All Markets stories
USDC shrank $361 million in a day as bitcoin fell below $70,000. USD1 lost 2%
The 20 biggest stablecoins lost $559 million in value in 24 hours, and Circle's USDC was most of it, CoinGecko data show. Tether's USDT barely moved this time, while a few smaller dollar tokens grew.
ETFs
All ETFs stories
U.S. bitcoin ETFs lost $1.49 billion in five straight days as bitcoin fell 9%
Spot bitcoin funds have now seen money leave on eight of the last nine trading days, $2.57 billion in all, CoinMarketCap's tally shows. Ether funds lost $477 million in the same five days.
21 REX-Osprey altcoin ETFs get a new start date, November 20, after 13 months of waiting
An October 22 SEC filing pushes back the effective date for 21 planned REX-Osprey funds, from AAVE to XLM. Most of their tokens fell 15% to 38% in the past 30 days.
Grayscale's Hyperliquid ETF staked 90% of its $197 million, earning 10,341 HYPE in a quarter
The quarterly report of Grayscale Hyperliquid Staking ETF (HYPG), filed with the SEC on November 10, shows 2.22 million HYPE in the fund on September 30 and a $48.3 million quarterly gain. HYPE has since dropped about 19%.
BlackRock's ether ETF lost 19% of its shares since September. Its bitcoin ETF held steady
BlackRock's IBIT shrank $105 million on Friday, yet its share count is flat since September
Canary's staked INJ ETF heads to Nasdaq as INJC. Fees will take up to 30% of rewards
What is a bitcoin ETF? How spot funds hold coins and what daily flows mean
Security
All Security stories
US moves to seize $1.2 billion of the Binance hack haul and shuts down North Korea's deepfake call trap
The Justice Department says it won court approval to seize or restrain more than $1.2 billion stolen from Binance on October 29. It also took down servers behind "FaceStealer," a fake video call scheme it ties to more than $400 million in thefts.
Policy
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Fed's Waller set a 0.3% test for a half-point hike. October's core CPI hit it
Fed Governor Christopher Waller said a 25 basis point hike in December could hurt the Fed's credibility if core inflation stayed near 0.3%. Hours later, October's core reading came in at 0.3%.
SEC cases fall to 348 from 456 as crypto examples include a $95.6 million mining fraud
The SEC's fiscal 2026 enforcement results, released November 10, show 348 actions and $1.095 billion in ordered money. The crypto cases it highlights are retail frauds, from a $14 million fake platform scheme to an FTX audit case.
Canada proposes barring banks from issuing stablecoins directly. Subsidiaries only
Hong Kong moves to ban "crypto exchange" in the names of unlicensed firms
The SEC's crypto capital and records rule for brokers reached the White House on November 3
Nigeria sets a ₦15 billion floor for dollar stablecoin issuers and bans algorithmic coins
Exchanges
All Exchanges stories
Rumor vs record: a viral post credited to Musk said Binance holds 80% of crypto. It does not
A viral post credited to Elon Musk said Binance holds about 80% of the crypto market and urged users to leave. We checked each line against CoinGecko's exchange data and DeepSea's wallet tracker. The 80% figure does not hold up.
MEXC's tracked wallets shed $166 million before FinCEN's order. Then MX fell 6%
DeepSea's MEXC wallets fell from $1.08 billion to about $918 million between November 5 and early November 6, before FinCEN moved against the exchange. They have barely moved since, and the data does not show why.
Rumor vs record: what viral posts got right and wrong about the U.S. move against MEXC
Posts about FinCEN's MEXC order spread fast on November 6 and 7, 2026. We checked each claim against FinCEN's own order. Most numbers hold up; two points do not.
FinCEN cuts MEXC off from U.S. banks over $16.7 billion in likely illicit flows
A Nasdaq-listed HYPE holder wants to be a US futures broker. HYPE is down 15% in a week
Exchange wallets lost $11.45 billion in 18 hours. Mostly price, not withdrawals
Seized UK government wallets rank seventh on DeepSea's exchange list, at $3.95 billion
DeFi
All DeFi stories
Lighter's LIT rose 10%, and Hyperliquid holds more LIT bets than Lighter itself
LIT climbed to $3.47 while Lighter's fees held near $260,000 a day on DefiLlama. Rival Hyperliquid carries $61.4 million of open LIT bets, against $39.1 million on Lighter's own market.
Infrastructure
All Infrastructure stories
Bitcoin Core discloses 3 bugs fixed in 2025. The worst could stop a node building blocks
Bitcoin Core published three security advisories on November 10, one rated high. All were fixed in releases from October 2025, and the advisories describe no theft of coins.
6 crypto projects are giving up their own chains for Solana, Ethereum, Base, Sui and Arc
A table of nine "chain migrations" is going viral. We checked each row against the projects' own posts: six are confirmed, three are not. Here is where each one is going and what its token did since.
Bitcoin fell 5% in four hours. Fees peaked at just 12 sats after a 67-minute wait
mempool.space data shows the November 5 sell-off barely stressed the Bitcoin network. The biggest fee jumps came when blocks were slow, not when panic peaked.
Base now aims for five blocks a second. What does the Denim upgrade break for apps?
Arbitrum vote could unfreeze Stylus Rust contracts, but each needs an audit and sign-off
Send USDC on 12 blockchains, get dollars: OnePay adds Stripe-powered checking deposits
Zcash NU7 makes blocks 3x faster around November 5. Old nodes will split off
Projects
All Projects stories
Allora's first cliff unlocks 160 million ALLO on November 11, about 38% of circulating supply
One year after launch, Allora's schedule frees a third of the tokens held by early backers and core contributors. At CoinGecko's price on November 9, that is about $23.6 million of new supply against a $62 million market cap.
Whales and smart money put $3 million into ZAMA as it fell 14% in a week
ZAMA drew the heaviest combined buying in DeepSea's weekly data, with coins moving to cold storage. Two USD.AI tokens, CHIP and sUSDai, came next.
Doppler's XDP is trending again, with daily volume 95% below launch week. What is it?
Concrete's CT token fell 78% in a month. Its vaults still hold $1.2 billion
StandX cancels its token and shuts down. Users get one DUSD payout of unknown size
Lisk shuts its chain October 31 and burns a quarter of LSK. Tokens left behind are lost
Airdrops
All Airdrops stories
2026's biggest airdrops: $809 million claimed, 9 of 11 tokens below first close
On-chain data compiled by Bitquery puts 51 large EVM airdrops this year at $809.4 million and 2.02 million claiming wallets. Most claimers moved their tokens within a day, and CoinGecko prices show only Backpack and Espresso above their first daily close.
AI & RWA
All AI & RWA stories
KPMG counted Tether Gold's bars: 520,089 ounces for 520,089 tokens
Tether says KPMG gave Tether Gold (XAU₮) a clean audit for 2025, its second Big Four audit after USDT. The gold matched the tokens almost to the ounce.
Culture
All Culture stories
Kalshi prices a Democratic sweep at a record 70%. Did a fake pollster move the odds?
Two days before the November 3 vote, Kalshi's market priced Democrats winning both chambers at 70%, up more than 9 points in a month. Ten days earlier, Kalshi had to explain why a fabricated pollster barely moved its election markets.
Bored Apes are down 96% from their record. Which NFT blue chip fell least?
Most of the famous NFT collections now sit about 90% to 99% below their peak floor prices in ETH, and the marketplaces are closing. CryptoPunks are the exception, at about 76% down.
Pump.fun added Monad and TON and is pushing perps. So why is PUMP down 25% since October 12?
The Solana memecoin app now lets users trade Monad and TON tokens from one USDC balance and is pushing leveraged perps. Its PUMP token kept sliding, and daily revenue fell about 35% in 11 days.
Polymarket repays $3.9 million after a hacked vendor script hits it for the second time
Kalshi raises $1 billion at a $40 billion valuation. Can it outrun the states?
Polymarket US quits sports contracts in Michigan. Open bets must close by November 25
Kalshi signed the NBA and S&P Dow Jones, then capped under-21 deposits at $2,500 a month
Guides
All Guides stories
What 9 on-chain analytics tools are built for, from block explorers to compliance suites
Arkham, Nansen, Chainalysis, TRM Labs, Dune, Glassnode, DefiLlama, block explorers and DeepSea all read public blockchain data, but each is built for a different job. Here is what each one does, what is free and who uses it, from each tool's own site.
More stories
- Markets
Bitway (BTW) drops 29% in a day, now 74% below its October record
BTW fell from $1.06 to about $0.71 in 24 hours on thin volume of about $7.3 million, with Gate handling more than a third of the trading.
- Markets
One company sold its last 211 bitcoin at $76,000. Strategy bought 1,036 at $79,012
Hyperscale Data says it has sold all its bitcoin, about 1,113 BTC since July. Strategy kept buying, but spent more than twice as much buying back its own preferred stock. Bitcoin now trades at $68,521.
- Markets
Rumor vs record: Nvidia says Huang resigned but gives no reason. Was he ousted?
Nvidia announced its CEO's resignation on November 12, 2026, and crypto feeds filled with claims about why and what it did to prices. We checked six of them against Nvidia's own filing.
- Markets
USDT shrank $2.69 billion in 8 days, but Tether's Ethereum treasury still holds $4.65 billion
Etherscan shows 4.65 billion USDT parked in the wallet it labels Tether: Treasury, which kept sending tokens out through November 12. CoinGecko counts $5.47 billion of USDT as not circulating.
- Markets
64 of 90 bitcoin treasury companies are below cost at $72,857, Strategy by $2.21 billion
At $72,857 a coin, the public companies that report what they paid for bitcoin hold $3.01 billion less than they spent, CoinGecko's treasury tracker shows. Ether holders look worse: 14 of 15 are under water.
- Markets
ARB fell 8% after one wallet's $3.17 million buy. Shorts now pay on 79% of its futures bets
Sharks bought $3.65 million of Arbitrum's ARB in a day and sold $9,135, DeepSea's data show. The price kept sliding, and on most futures markets traders betting on a fall now pay those betting on a rise.
- Markets
MEET48's IDOL rose 65% and halved in under 16 hours. Futures traded 16 times spot
The small BNB Chain token jumped from $0.024 to $0.040 on Wednesday evening and was back below $0.020 by dawn. Open futures bets on it are worth more than the token's whole market value.
- Markets
PEPE fell 11% in a day. Shorts now pay longs on half of its $465 million in futures bets
The frog memecoin was the worst performer among the 50 biggest coins on CoinGecko. Its open futures bets equal about a quarter of its market value, and on the biggest market, Binance's, shorts now pay longs.
- Markets
PayPal's PYUSD shrank $136 million in a day and $377 million since its October 27 peak
The PayPal dollar token lost 4.9% of its market value in 24 hours, CoinGecko data show, while Ripple's RLUSD and the Global Dollar held steady. Its price never left $1.
- Markets
Rumor vs record: MSCI's cut makes funds sell Strategy shares, not Strategy's bitcoin
After MSCI dropped Strategy from its USA index, posts warned of $2.8 billion to $8.8 billion in "forced selling" and asked what it means for bitcoin. We checked four claims against MSCI's own documents and Strategy's latest SEC filing.
- Markets
A shark lost $4.03 million on 7 trades in a week, then bought $468,070 of a SpaceX token
A single BNB Chain wallet now accounts for more than half of the sharks' net loss on DeepSea's 7-day table. In the past day, the same address spent nearly half a million dollars on a SpaceX stock token on Arbitrum.
- Markets
A shark lost $1.21 million on four chains in a week, then sold $1.36 million on Optimism
The wallet DeepSea calls Hold1f17 shows realized losses on all four chains it traded this week. In the last 24 hours it also made the largest sell-only move of any shark.
- Markets
Two Avalanche wallets made 3,121 trades in a day, five times Monday's pace, and ended near even
DeepSea's shark table shows $4.86 million of bridged ether and bitcoin bought on Avalanche and $4.72 million sold. Almost all of it came from the same two wallets, swapping back and forth.
- Markets
Bitcoin fell 8.5% in a week, XRP 20%, zcash 25%. Sharks did not dump bitcoin or ether
CoinGecko's 7-day numbers show the big coins sliding together. DeepSea's 24-hour shark table shows big wallets near flat on bridged bitcoin and ether, buying ARB and WLD and selling OP.
- Markets
Sharks sold $3.64 million of OP in a day, $1.3 million more than they bought
DeepSea's 24-hour table puts Optimism's own token at the top of shark selling across every chain it tracks. OP is down 12.5% in a week on CoinGecko and 98% below its record.
- Markets
75 of 102 shark wallets lost money this week. One BNB Chain wallet made $967,000
DeepSea's 7-day profit table shows big traders down $2.56 million on closed trades, winning one trade in three. A single wallet made 80% of all the gains.
- Markets
Stablecoins lost $13.4 billion in 30 days. USDT alone shrank $8.3 billion
CoinGecko data shows the three biggest dollar tokens all got smaller since mid-October. Tether's USDT fell every week, and November 11 was its worst day of the month.
- Markets
One wallet bought $3.17 million of ARB in one trade, a day after its $3.29 million CHIP buy
DeepSea's 24-hour table shows Arbitrum sharks bought $3.65 million of ARB and sold $771. Most of it came from one wallet that Etherscan shows holding 135 million ARB.
- Markets
Only 89 of 210 KOL wallets made money in 30 days. Top earner kurtz won 11 of 11
DeepSea's realized PnL table shows most tracked influencer wallets lost money over 30 days, yet the group is up $374,000 as a few big winners carried the total.
- Markets
MSCI cuts Strategy, owner of 850,364 bitcoin, from its USA index after November 30
MSCI's November review list names "Strategy A" among 24 deletions from the MSCI USA Index. Funds that copy the index will have to sell the stock by the close of November 30.
- Markets
Initia's INIT falls 71% from its day high to $0.113, below where its rally began
INIT touched $0.392 in the past 24 hours, then slid to about $0.113 by 10:05 p.m. ET on November 11. That is lower than its price before the November 9 surge, with traders swapping three times its market value in a day.
- Markets
US prices rose 0.4% in October, with no yearly inflation rate. Bitcoin fell 1.4% on the day
October's consumer price index, out November 10, slowed from September's 0.6% jump. The Labor Department could not publish the usual 12-month rate because it collected no data in October 2025. Bitcoin dipped about 0.6% in 20 minutes around the release and ended the day near $73,650.
- Markets
Stablecoins shrank $1.25 billion in a day. USDT and USDC on Ethereum fell $1.06 billion
The eight biggest dollar stablecoins lost $1.25 billion in 24 hours and $4.86 billion in a week, DefiLlama data show. Ethereum and Hyperliquid shed the most, while USDC grew on Solana, Arbitrum and Base and USDT grew on Plasma.
- Markets
Zcash fell 12% to $1,015. Hyperliquid lost 57% of its open Zcash bets in a day
ZEC dropped from about $1,160 to $1,015 in 24 hours. On Hyperliquid, open interest in the ZEC perpetual fell from $486.8 million to $211.3 million, CoinGecko data show, the steepest cut of any big venue.
- Markets
Optimism sharks lost $293,000 in a week, 20 of 24 in the red, yet bought $1.41 million of WLD
DeepSea's PnL table shows a bad week for big wallets on OP Mainnet. In the last day they bought more WLD than they sold and sold more OP than they bought.
- Markets
The week's top shark made $1.52 million on 3,619 trades, then sold $369,000 of BTCB
The BNB Chain wallet that bought $5.4 million of ether three days ago leads every wallet in DeepSea's 7-day profit table. At 12:34 a.m. ET it sold 5 BTCB in one trade.
- Markets
One wallet bought 5% of all circulating CHIP in a single $3.29 million trade
DeepSea logged an $18.4 million Arbitrum shark wallet buying USD.AI's CHIP token as it traded 50% below its price of a month ago. Arbiscan shows the wallet now holds 100 million CHIP.
- Markets
Kinetiq's KNTQ fell 25% in a day and now trades at half its October 30 record
The token of Hyperliquid staking project Kinetiq slid from about $0.40 to $0.30 in two sharp drops on Tuesday, November 10, while HYPE and bitcoin moved less than 3%. More than half of the trading ran through Hyperliquid's own spot market, CoinGecko data shows.
- Markets
BitMine bought 9,587 more ether, but its staking income estimate fell $49 million in a week
BitMine Immersion now reports 6,070,092 ETH. It staked no new coins this week, its yield estimate slipped, and ether's drop since its count has cut about $870 million off the pile's value.
- Markets
23 influencer wallets bought $555,000 of two new memecoins in a day. No priced sales
The same 23 BNB Chain KOL wallets piled into 狗狗币 and spyless within about two hours. CoinGecko does not list either token.
- Markets
Smart money trader SMffa1 made $13.8 million in a week, 40% of its $34.3 million wallet
DeepSea ranks SMffa1 No. 3 on Hyperliquid this week. At 6:45 a.m. ET its live trades were in stock-price markets such as LITE, SKHY and SOXL, not crypto.
- Markets
Super Inu (SI) jumps 164% in a day, a week after a 97% crash
The Ethereum meme coin traded near $0.016 early Tuesday, about 23 times its November 5 low, yet still 45% below its October 31 record. Almost all trading runs through one Uniswap pool.
- Markets
Janction (JCT) gives back most of its rally: down 65% from Sunday's record
JCT hit an all-time high near $0.0185 on Sunday afternoon. By early Tuesday it traded near $0.0065, down 26% in a day, though still more than twice its price before the surge.
- Markets
Zcash fell 9% in two days. Open bets on its six biggest futures markets fell 40%
ZEC slid from $1,279 to about $1,160 since November 8. Over the same stretch, open interest on Hyperliquid, OrangeX, CoinW, Gate, OKX and Bybit dropped from $2.51 billion to $1.50 billion, CoinGecko data show.
- Markets
Initia's INIT jumped about 70% in a day, and traders swapped twice its market value
INIT climbed from about $0.12 to $0.22 in 24 hours, with $98 million to $102 million of trading against a market value under $50 million. Binance carried 43% of it, and a Turkish lira pair led every market.
- Markets
Hyperliquid's oil market fell 7% and a chip-stock market rose 21%. Crypto bets shrank $420M
Hyperliquid's crypto markets held $9.18 billion of open bets, down from $9.60 billion a day earlier. Its stock and commodity markets now hold a third of the total.
- Markets
World Liberty's USD1 shrank 22% in 30 days, and USDC lost another $205 million on Monday
USD1 fell from $4.26 billion to $3.32 billion in a month, CoinGecko data shows. USDC kept leaking too, while USDT held flat for a second day.
- Markets
A $93 million shark made 28,847 trades in 30 days, lost $162,000 and doubled its gold
Two days ago Hold91cc was up $26,100 on 12,787 trades. Now it has more than twice the trades, a loss, $18.77 million in Tether Gold and a $173,000 AAVE sale.
- Markets
Influencer panceramic sold $351,000 of silver bets in 20 orders and went all cash
DeepSea shows 20 silver sell orders on Hyperliquid, then a wallet of $353,200 in USDC and no open bets. Ninety percent of the influencer's 30-day profit came this week.
- Markets
Last week's worst crypto influencer is now No. 2 and holds a $13.4 million Zcash short
The KOL wallet mk4 was down $2.84 million for the week on November 5. DeepSea now shows +$2.24 million over seven days, but still minus $876,800 over 30.
- Markets
The No. 1 smart money trader is short $474 million of crypto and up $45.7 million on paper
SMc060 retook first place on DeepSea's 7-day board with +$36.67 million. Its 19 open bets against BTC, ETH, ZEC and others are all in profit on paper.
- Markets
Sharks sold $584,000 of ARB in a day, nearly 4 to 1, as the token edged up 1.1%
Four days after shark wallets bought $850,000 of Arbitrum's token, the flow reversed. One wallet also sold tokenized Circle shares in the last hour.
- Markets
Unichain sharks sold $2.12 million of USD₮0, three days after sharks bought $3.74 million
The flow on Unichain's dollar token flipped. A wallet that was not among Friday's buyers did almost all the selling.
- Markets
Two Avalanche shark wallets made 580 small trades in bridged ETH and BTC as AVAX rose 8%
DeepSea's Avalanche shark feed looked crowded on Monday night. It was mostly two wallets swapping bridged ether and bitcoin back and forth in small pieces.
- Markets
Pieverse (PIEVERSE) doubles in a week to a record $2.13 as Upbit leads trading
PIEVERSE rose 42% in 24 hours and 103% in seven days to a new all-time high on Monday. Upbit and Bithumb, two won-based exchanges, handled more than half of the $58.7 million traded.
- Markets
Ether's 5% drop cut about $956 million from the 8.1 million ETH that public companies hold
CoinGecko lists 35 public companies with ether on their books, 32 with a balance. BitMine holds 74% of it, and 14 of the 15 firms with a listed cost are below it.
- Markets
429 sharks traded LINK in a day, triple any other Ethereum token, buying $14.1 million
Chainlink's token was the most crowded shark trade on Ethereum as ether fell 5%. Uniswap's UNI drew under a third as many wallets, and they were net sellers.
- Markets
Trader SMb7ae made $11.5 million in a week, and 18 of its 20 open bets are shorts
SMb7ae is No. 5 on DeepSea's 7-day Smart Money board. Its open positions on Hyperliquid bet against bitcoin, HYPE, Starknet and 15 other tokens.
- AI & RWA
80 sharks bought $8.1 million of Tether's gold token as ether fell 5%, while PAXG was sold
While ether dropped 5%, large wallets on DeepSea's live feed piled into XAUt. The rival gold token, PAXG, went the other way.
- Policy
Senator Blumenthal gives Binance, Tether and World Liberty until January 4 to hand over records
Senator Richard Blumenthal says the three crypto firms have produced no records he asked for, some requests going back 18 months. His November 5 letters set a first check-in for November 9 and warn of "alternative measures" after January 4.
- Markets
One shark put $49.7 million into Aave USDT as ether fell 5%, and holds $129 million in gold
The same shark wallet we covered on November 5 is back, buying Aave's USDT receipt in five steps. It also holds $129 million of tokenized gold, second only to its restaked ether.
- Markets
Rumor vs record: Strategy's bitcoin is underwater, but no filing shows it must sell
Bitcoin slipped below Strategy's average purchase price overnight, and posts about a $54 billion bet gone bad spread fast. We checked each line against the company's own SEC filing and CoinGecko prices.
- Markets
Solana launchpad token STONK fell 32% in a day and lost $45 million in under two days
StonkFun's STONK token dropped from about $0.10 to $0.044 between Saturday and Sunday evening, now 88% below its September record. Most of the trading ran through Solana DEX pools, CoinGecko's market list shows, and one Meteora pool handled nearly half of all trading.
- Markets
Rumor vs record: did whales really load up on XRP as it slid to $1.10?
XRP fell 5.4% in a day and hit its lowest price since August. Posts say whales are buying the dip. We checked six viral claims. The price claims mostly hold up; the whale claims cannot be confirmed yet.
- Markets
One ether now buys 0.0286 bitcoin, the least since mid-July
Ether lost 2.7% against bitcoin in a day after Sunday's sell-off. CoinGecko's daily data shows no lower close since July 14.
- Markets
Hyperliquid's crypto bets shrank $640 million since Friday, and ether shorts now pay
CoinGecko's per-market data puts Hyperliquid's open bets at $14.0 billion after Sunday's ether drop. Its $1.93 billion ether market now has negative funding, while bitcoin's does not.
- Markets
Big stablecoins shrank another $1.5 billion since Friday. Sky's USDS lost $921 million
Eleven of the largest dollar tokens lost $1.54 billion in market value in three days, CoinGecko data shows. Ethena's USDe went the other way, up $412 million.
- Markets
Shorts now pay longs on 77% of ether's open futures bets. On Friday it was 21.5%
After Sunday's 4.6% drop, funding turned negative on Binance's biggest ether market. Bitcoin barely moved: 1.4% of its bets lean short.
- Markets
A smart money trader fell from No. 1 to No. 6. Two days later it is No. 2 with $23 million
SMc060's 7-day profit on DeepSea went from $59.67 million to $9.49 million and back up to $23.24 million. The top 10 now show $129.55 million, all on Hyperliquid.
- Markets
Sharks sold $12.85 million of tokens and bought $7.98 million as ether fell 4.7%
DeepSea's live feed shows big wallets were net sellers on ether's down day. A dollar token on Optimism took most of the selling, and one Monad wallet bought $2.46 million of staked ether.
- Markets
Nvidia's CEO told staff he was unfaithful. Tokenized Nvidia stock fell 7% at the open
Nvidia posted a memo from Jensen Huang on Sunday, November 8, and its board opened an independent investigation. On-chain Nvidia tokens fell 4.7% that evening, and after Monday's open the NVDAx token was still about 4.6% below Friday's close while a tokenized Nasdaq 100 fund rose.
- Markets
Ether drops 4.6% in 20 minutes to $2,122 on Sunday afternoon, twice bitcoin's fall
ETH slid from about $2,224 to $2,122 between 4:40 and 5:00 p.m. ET on November 8, 2026, per CoinGecko. Bitcoin fell 2.2% in the same window. Ether is now down about 5% on the day and 14.5% over 30 days.
- Markets
Janction (JCT) jumps 285% in a day to a record high as volume tops its market cap
JCT climbed from about $0.0025 to a new all-time high near $0.0107 on Sunday morning. About $175 million changed hands in a day, more than the token's $120 million market cap, and three venues handled 86% of it.
- Markets
Hyperliquid holds $626 million of open Zcash bets, more than Binance's $556.9 million
On a quiet Sunday, Zcash was the second most traded market on Hyperliquid, ahead of ether. CoinGecko's data shows the on-chain exchange now carries the largest pile of open ZEC futures of any venue.
- Markets
A shark bought $612,100 of OP in one trade. Nine hours later its wallet held no OP
An Optimism wallet DeepSea calls Hold9675 bought 6.03 million OP on Saturday night, about 3% of the token's daily trading. Its page now shows no OP among its holdings.
- DeFi
A $216 million bitcoin whale shows a $291,600 weekly loss, but its moves look like loans
DeepSea counts an 82% win rate and a 7-day loss for an Ethereum wallet holding only cbBTC. Its trade list reads like a borrower moving collateral in and out of a lending market.
- Markets
A shark lost $1.64 million on 5,488 trades in 30 days, then bought $155,000 of DEBIT
DeepSea's page for a shark wallet ending in 1f17 shows losses on BNB Chain, Ethereum and Optimism. On Sunday morning it kept trading: gold tokens out, small caps in.
- Markets
One KOL lost $44,400 on Sunday, wiping out 82% of what 31 winning KOLs made
DeepSea's one-day board lists 58 crypto influencers with a result on November 8. Most made money, but Loopierr's single loss pulled the whole group about $20,900 into the red.
- Policy
Russia lets ordinary investors buy only BTC, ETH and USDT, capped at about $3,665 a year
The Bank of Russia's directive 7441-U, published November 6, 2026, names just three assets that non-qualified investors may buy through a broker, with a yearly limit of 300,000 rubles. It enters into force 10 days after publication.
- Markets
Two BNB Chain influencers made 18 of the same memecoin trades within hours. Both are up this week
DeepSea's KOL wallets for kurtz and tech bought and sold the same tokens, in the same direction and within about an hour, over two days. DeepSea counts every closed trade of theirs this week as a win.
- Markets
A $100 million Ethereum shark traded $450 million in 30 days. Its profit: $26,100
Three quarters of the wallet sits in three dollar tokens. In four minutes from 12:30 a.m. ET it bought $340,000 of Ripple's RLUSD, sold $131,000 of LINK and made 18 buys of under $10 each.
- Markets
A shark sold $13.4 million of bitcoin, ether and JCT in minutes. The buyer made 81,836 trades in a month
A BNB Chain wallet that DeepSea shows down $1.75 million in 30 days sold three tokens just after midnight ET and now holds $28.7 million in a dollar token. DeepSea logs the buyer of its ether and JCT as one of the most active wallets it tracks.
- Markets
Is the memecoin easy-money era over? The 12 biggest memecoins sit 44% to 98% below their highs
Traders are arguing about whether memecoins still pay. We skipped the opinions and pulled the numbers: prices against all-time highs, Pump.fun's revenue and the size of the meme market today.
- Markets
Harmony's ONE jumped 85% in a day and a half. Trading hit 3.4 times its market value
ONE went from about $0.00106 to $0.00196 on CoinGecko as daily trading rose from about $2 million to $97 million. We could not confirm an official reason for it.
- Markets
One Mantle shark swapped ether tokens 208 times in a day. Its 30-day result: minus $2,400
The wallet traded about $314,000 between WETH and Mantle's staked ether token in 24 hours. After 2,219 closed trades in 30 days, it is slightly in the red.
- Markets
An Ethereum shark was down $159,600 for the month. Two days later it's up $18,100
DeepSea's PnL table shows one wallet's 30-day result swing by $130,000 in less than a day of closed trades, while ether went nowhere for the week. It now has the best 7-day result of any Ethereum shark with a 7-day figure.
- DeFi
An Avalanche shark swapped $1.45 million of Aave USDC deposits for Benqi's in two trades
DeepSea logged the switch as both the second-largest net shark buy and the second-largest net shark sell of the day across all chains. The wallet's closed trades in the last 30 days: five, all winners.
- Markets
CYBER jumped 53% in about a day, then gave back 20%. Sharks on Optimism bought $668,000
CoinGecko shows the small-cap CYBER token trading four times its market value in 24 hours, with South Korea's Upbit the busiest market. DeepSea's shark wallets were net buyers on Optimism over a day in which the price fell.
- Markets
DeepSea's top 10 smart money traders: $256 million in weekly profit, then $110 million
The 7-day profit shown for the crash-week winners on DeepSea's boards fell by more than half in 24 hours. The top two influencers' figures halved, and sharks are still down $3.15 million on closed trades.
- Markets
Sharks "sold" $16.31 million of uniBTC on Berachain. CoinGecko saw $591 of trading
DeepSea's live feed logged two wallets moving about 212 uniBTC out on Berachain in 24 hours. One of them is a DEX pool, and CoinGecko counted less than $600 of uniBTC trading worldwide in the same day.
- Policy
Ruble token A7A5 still trades on Uniswap 15 months after sanctions, for about $1,500 a day
In August 2025, Treasury sanctioned A7A5's issuer along with Garantex and its successor, Grinex. FinCEN's November 6, 2026, MEXC order put new numbers on all three. Public data shows the token still trades in tiny amounts, but it cannot show the transfers between agents.
- Policy
FinCEN and the Fed drop the 2020 plan to cut the travel rule threshold to $250
The 2020 proposal would have lowered the cross-border threshold from $3,000 to $250 and written crypto into the definition of "money." FinCEN pulled it on November 6, 2026.
- Security
Chainalysis now says login tokens for every user were exposed. All must reset passwords
The crypto tracing firm first said only names and emails were reached. Its latest update says live tokens for every user and password hashes were exposed, and its Reactor and Data Solutions products are still offline.
- Markets
Shorts are paying longs on 21.5% of ether's open futures bets, against 1.4% for bitcoin
CoinGecko's data on 287 bitcoin and ether perp markets shows short sellers paying to hold their bets on 21.5% of ether's open interest, against 1.4% for bitcoin, a day after the sell-off.
- Markets
Hyperliquid holds $14.9 billion in open bets, second only to Binance on CoinGecko
CoinGecko ranks Hyperliquid second of all derivatives exchanges by open interest, about $14.9 billion. Its traders also churn their positions far less than on centralized rivals.
- Markets
Stock and oil bets outtraded crypto on Hyperliquid: $9.96 billion vs. $9.67 billion
CoinGecko's market data for Hyperliquid shows its 165 builder-run markets, almost all on stocks, indexes and commodities, did more volume than its 179 crypto perps as bitcoin fell 5%.
- DeFi
The shark that took $10 million out of Aave on Arbitrum put $8.32 million back
A day after one wallet drove an $8.35 million net outflow from Aave's USDC pool, it bought back almost all of it. The 7-day net is now just minus $27,800.
- Markets
One shark sold $2.59 million of LYK. The token's Arbitrum pool holds $396
DeepSea logged big shark selling in two layer 2 tokens, LayerK's LYK and Linea's LINEA. LYK's public markets were far too small to absorb what was counted.
- Markets
Two sharks bought $3.74 million of USD₮0 on Unichain in a day and sold just $75,000
A day after sharks were net sellers of the dollar token on Unichain, two wallets flipped to heavy buying. One of them also bought $4 million on Optimism.
- AI & RWA
Sharks bought $3.08 million of tokenized SpaceX on Arbitrum. Its DEX pool traded $56,000
Two shark wallets kept buying rSPCX and rCRCL, tokens CoinGecko lists as tokenized SpaceX and Circle stock, even as both fell. Almost none of it went through the public pool.
- DeFi
Lido lost $1.8 billion in value in a day. Did anyone actually leave?
DefiLlama shows DeFi's biggest protocols shrank 4% to 8% in 24 hours. Compared with CoinGecko prices, most of that looks like falling prices, not withdrawals.
- DeFi
Curve's trading volume nearly quadrupled to $831 million as crypto sold off
DefiLlama shows the stablecoin swap venue went from $215 million to $831 million in a day, while total DEX volume rose less than 3% and several big DEXs slowed. Its fees jumped about eightfold.
- Markets
Stablecoin supply shrank $5 billion in six days. USDT fell the most
DefiLlama shows the total supply of dollar stablecoins fell every day from October 30 to November 5, the day bitcoin dropped below $76,000. Tether's USDT supply fell $2.76 billion in a week.
- Markets
71 of 100 shark wallets lost money on closed trades in crash week, $5.85 million in all
DeepSea's realized profit table shows large traders came out behind as bitcoin fell. Three wallets made up 63% of the loss, and one Optimism wallet won 3 of 61 trades.
- Markets
Influencer slingoor turned a $686,000 week into $9.38 million as bitcoin fell
DeepSea's 7-day KOL board changed fast in the November 5 sell-off. The top two influencers now hold 91% of the profit shown in the top 100.
- Markets
Bitcoin fell 6%. DeepSea's top 10 smart money traders went from $98M to $256M
In about 18 hours, the 7-day profit of DeepSea's ten best wallets more than doubled. All ten trade perps on Hyperliquid, and the leader alone added $47.9 million.
- Policy
Greece puts a 10% crypto gains tax to a final vote. Staking income would pay 15%
Greece's finance minister brought a bill with dedicated crypto tax rules to a final vote in parliament on November 4. Gains up to 500 euros a year would be tax free.
- AI & RWA
GL1 Org launches with HSBC and JPMorgan on its member list. What will it build?
Global financial institutions have formed the Global Layer One Organisation to push shared rules for tokenized markets. Its site lists HSBC, JPMorgan, MUFG, Forge and Standard Chartered as members. The project began at Singapore's central bank in 2024.
- Markets
Bitcoin lost $4,400 in four hours. Why did ETH and XRP fall even harder?
Bitcoin slid from about $80,300 to under $76,000 on November 5, most of it between 9 a.m. and 11 a.m. ET. Ether, Solana and XRP dropped 7% to 9%, and the whole crypto market shed about 8% in a day.
- Markets
Trump Media moved 4,259 BTC to Crypto.com from its collateral wallets. A move is not a sale
Two transfers worth about $344 million left wallets that Arkham labels as collateral for Trump Media's $1 billion convertible notes, weeks before holders can ask for their money back.
- Security
Brazil's Mercado Bitcoin lost about $49 million on 17 chains. It says customers lose nothing
Mercado Bitcoin says it contained a security incident on November 2, 2026, and that no customer will lose assets. Chainalysis puts the theft at about $49 million and says close to $9 million has been frozen.
- Security
Hackers drained French bank Arkéa's own account. It calls a $133 million estimate about right
Crédit Mutuel Arkéa confirmed a cyberattack that sent fraudulent transfers out of the bank's own account, possibly into crypto. It denies the attackers came in through Fortuneo and says customer savings are safe.
- DeFi
One shark sold $80.5 million of Aave-deposited USDT in an hour. Its 7-day loss: $1.87 million
The Ethereum wallet ending 4312 moved more than $280 million in a day, mostly in and out of Aave. DeepSea's PnL table shows it with the biggest 7-day realized loss it tracks.
- DeFi
Two sharks ran $51.7 million through Aave's USDC pool on Arbitrum. Net $8.35 million out
DeepSea's 24-hour feed shows $30 million of Aave's USDC receipt token sold and $21.65 million bought. One wallet did most of the round trip.
- Markets
Smart money is 15 to 1 long on ether, but only 2 to 1 on Zcash
DeepSea's Long / Short panel shows all seven of its biggest coins leaning long. Ether and NEAR are the most one-sided, while bitcoin carries the largest short bets.
- Markets
A net 16,251 bitcoin flowed onto exchanges in a week. Binance took in the most
DeepSea's dashboard shows a net 1,387 BTC flowed into exchanges in 24 hours, with Binance up 2,479 BTC while Kraken and Bitfinex lost coins.
- Markets
DeepSea's top 10 smart money traders made $98.4 million in a week, all on Hyperliquid perps
The first 41 names on DeepSea's 7-day leaderboard are Hyperliquid perpetual futures traders. The leader made $16.44 million on $208 million of assets.
- Markets
Sharks bought $10.25 million of WLD on Optimism in a day while its price fell 4%
Thirteen big wallets made 240 WLD trades in 24 hours and net bought about $4.31 million. WLD itself fell 4% on CoinGecko.
- Markets
Sharks sold $9.52 million of USD₮0 on Berachain in a day, $3.39 million in the last hour
One busy wallet made 260 shark trades on Berachain, where DeepSea logged 263 in Tether's cross-chain dollar token. A day earlier the 24-hour selling was about a quarter of the size.
- Markets
This week's worst crypto influencer lost $2.84 million and still bets $27.6 million on a fall
DeepSea shows the KOL wallet mk4 on Hyperliquid holding 11 short positions, led by $7.82 million against ether and $7.69 million against bitcoin, while both coins rose overnight.
- Markets
The TRUMP memecoin hit a record low of $1.22. It is now 98% below its January 2025 peak
The Solana token fell 12.6% in two hours on November 4 as trading volume more than quadrupled, CoinGecko's data shows. Its 24-hour volume is now larger than its whole market value.
- Markets
Ether jumped 4.6% in two hours and bitcoin is back above $80,000. Big traders are 86% long
Most of ether's 5.5% daily gain came between 9 and 11 a.m. ET on November 4, CoinGecko's data shows. DeepSea counts $3.35 billion in long bets against $543.87 million in shorts.
- Markets
177 crypto influencers made money in 30 days. Four others lost $19.8 million
DeepSea's 30-day KOL leaderboard looks like a winning month: 177 of 202 accounts are up. Then you reach the bottom, where Machi Big Brother alone shows minus $12.42 million.
- Markets
The top crypto influencer of the week made $8.84 million and now sits on $25.5 million in USDC
DeepSea's KOL leaderboard puts "2 freres 2 fauves" first by a wide margin, three times the runner-up. Its latest Hyperliquid orders were in silver and copper markets, not crypto.
- Markets
One Monad wallet bought $2.38 million of ether. Its closed trades lost $1.15 million in 30 days
Every shark trade DeepSea logged on Monad in the last 24 hours came from one wallet. It bought wrapped ether and sold fixed-yield dollar tokens.
- Markets
Shark wallets sold $7.85 million of the USD₮0 dollar token on Optimism, a day after buying it
A day ago shark wallets were buying USD₮0 on Optimism. DeepSea's feed now shows them net sellers of almost $3 million, while OP selling kept going.
- Exchanges
Binance's 7-day flow on DeepSea: a $1.55 billion net outflow after last week's $5.04B inflow
Last week's DeepSea report showed money pouring into Binance. Its live seven-day count now shows $4.54 billion leaving and $3.00 billion arriving.
- Exchanges
MEXC took in a net $107.6 million in seven days, more than any other exchange
Among the exchanges DeepSea tracks, MEXC topped the seven-day inflow table while OKX, Gate, Bybit and Bitget all saw net outflows.
- Exchanges
Robinhood's $14.9 billion ranks third on DeepSea. One cold wallet holds $11.27 billion of it
DeepSea's exchanges list puts Robinhood's labeled wallets behind only Binance and Bitfinex. A single Bitcoin cold wallet holds about three-quarters of the total.
- Markets
Sharks bought $850,000 of Arbitrum's ARB in a day. Whales added $4.59 million in a week
DeepSea's data shows big wallets buying ARB on Arbitrum while $11.6 million more ARB left exchanges than arrived over seven days. Two stock tokens also drew shark money.
- Markets
DeepSea tagged 2,790 new smart money wallets in a week, and not a single new bot
DeepSea's weekly report counts 2,615 wallets seen for the first time from October 26 to November 1, plus 652 new DeFi borrowers and 93 new influencer (KOL) wallets. Here is what the labels mean.
- Exchanges
OKX logged three times Binance's transfer count last week and lost a net $241.6 million
DeepSea's exchange data shows 451,046 transfers at OKX from October 26 to November 1, with almost twice as many withdrawals as deposits. Bybit went the other way, with a net $478.2 million coming in.
- Exchanges
Asia's local exchanges handled just 1.3% of flows as Binance took in a net $5.04 billion
South Korea led the local markets with $12.5 million net in. Upbit, HashKey, Bitkub and other home-market exchanges together handled about $538 million of deposits and withdrawals from October 26 to November 1, DeepSea's data shows.
- Markets
Shark wallets sold $3.55 million of Optimism's OP in a day and bought just $486,000
DeepSea's live feed shows big wallets selling Optimism's token while still parking dollars on the chain. On Berachain, a heavy seller of USD₮0 turned buyer in the last hour.
- Markets
MachiBigBrother opened $145,405 of ETH longs in 25 seconds, six hours after the last burst
DeepSea's live feed caught the crypto influencer opening six ether long positions on Hyperliquid at 6:33 a.m. ET, after nine more just past midnight.
- Security
32,175 crypto addresses are on DeepSea's risk list. Ransomware is the biggest category
DeepSea's database of scam, fraud and sanctioned addresses grew by 1,178 last week. Most new entries were hack-tainted, and Bitcoin holds more flagged addresses than Ethereum.
- Markets
Whales sent out $317 million more than they took in last week. Where did it go?
DeepSea's wallet-to-wallet map shows $1.10 billion leaving whale wallets and $783 million coming back, while unlabeled wallets pushed a net $306 million into exchanges.
- Markets
Two Hyperliquid wallets are up $20.7 million on open bets. The crowd is down $2.19 million
DeepSea's weekly data names the biggest paper winners on Hyperliquid, a 40x bitcoin short opened on October 31, and an ether short now 3.3% from forced closing.
- Markets
Crypto influencers made $590,000 in 30 days. Sharks in DeepSea's live feed lost $10.7 million
DeepSea's 30-day realized profit table puts its live-feed KOL wallets in the green and shark wallets deep in the red. On Hyperliquid, one KOL opened a $538,000 silver short in nine minutes.
- Markets
Whales put $63 million into stablecoins and sold a net $27.6 million of other tokens
DeepSea's sector data shows big wallets moving into dollars last week, while smart money kept buying. Ethereum took most of the $66 million net inflow.
- Markets
Only 29 of 59 tracked BSC wallets made money last week. Smart money won, influencers lost
DeepSea's weekly data shows BSC smart money wallets finished $7,800 up while eight tracked KOLs lost $55,400. One influencer wallet had no green day in seven.
- Policy
The CFTC cleared perpetual futures on US stocks. Cboe and Citadel filed legal action that day
On November 3, CFTC Chairman Michael Selig said perpetual futures on single US stocks can trade on CFTC-registered exchanges for the first time. The same day, Cboe, Citadel Securities and Healthy Markets Association took legal action to stop it.
- Markets
Sharks bought $3.05 million of WLD on Optimism in a day. One Monad wallet traded $15.7 million
DeepSea's live feed shows big wallets loading up on USD₮0 and WLD on Optimism, one wallet churning $15.7 million on Monad and a single $10 million Aave USDC exit on Arbitrum.
- Markets
One Tron wallet moved $751 million of USDT through Binance in about two hours
DeepSea's list of the week's largest exchange transfers is all dollar tokens: $2.49 billion in 11 moves, led by Coinbase USDC and a single unlabeled Tron address moving USDT to and from Binance.
- DeFi
DeFi lenders supplied $12.7 billion in a week. Morpho Blue had 84% of liquidations
DeepSea's lending data for October 26 to November 1 shows deposits far ahead of withdrawals, borrowing almost exactly matched by repayments, and $12.69 million liquidated, most of it on Morpho Blue.
- DeFi
Whales cut $28.9 million of LBTC in a week. Smart money bought just $127,900
Lombard's bitcoin token on Ethereum was the most sold token in DeepSea's weekly data, by a wide margin. Whales also cut $6.47 million of ARB, with DeepSea flagging moves to cold storage.
- Exchanges
PEPE and SHIB flowed into US and European exchanges as $120 million in bitcoin left
DeepSea's weekly data shows Western exchanges nearly flat overall, at minus $54.98 million. Under the surface, memecoins were deposited, bitcoin was withdrawn, Kraken lost 1,526 BTC and one $399.78 million USDC transfer left Coinbase.
- Markets
448 of 617 Solana influencers lost money last week. The best one won all seven days
DeepSea's tracked crypto influencers on Solana closed the week $395,600 down. A trader called zeropnl made $82,900 with seven green days, while one smart money wallet lost $1.81 million in a single day.
- Markets
Hyperliquid's big traders bet $3.78 billion on a drop. One put $126 million on HYPE rising
DeepSea's tracked traders held six dollars of shorts for every dollar of longs last week. Against that tide, one wallet opened a $126.62 million HYPE long, and a 40x bitcoin bet sat 2.4% from liquidation.
- Exchanges
$255 million in USDT left Asian exchanges in a week. Gold tokens, USDe and RLUSD moved in
DeepSea's weekly data shows Asian exchanges losing USDT and USDT0 while tokenized gold and smaller dollar tokens arrived. In the last 24 hours, one shark wallet traded $47.8 million of RLUSD on Ethereum.
- Exchanges
Binance took in a net 66,386 bitcoin, worth $5.2 billion, in the week it was hacked
DeepSea's data shows a net $5.04 billion flowing into Binance from October 26 to November 1, almost all of Asia's net inflow. Who sent it? The data cannot say.
- Security
$307 million in hack-linked bitcoin hit exchanges in one week. OKX got the biggest share
DeepSea counted 680 deposits of tainted funds into exchanges from October 26 to November 1, nearly all in BTC. OKX took $139.96 million in just 55 of them, including a run of near-identical $15.47 million transfers.
- Security
A fake job interview opened the door to Binance's $6.34 billion hack, its own report says
Binance's first incident report traces the October 29 theft to a staged hiring process, a poisoned coding test and a developer tool swapped for malware. Then nine minutes of hot-wallet transfers did the rest.
- Airdrops
Polymarket has no POLY token. So why is it still pursuing a POLY trademark?
Polymarket's help center says it has announced no airdrop and no token launch, and that all rewards are paid in pUSD. Meanwhile a February application to trademark "POLY" for crypto token services is still alive, with a reply filed on November 2.
- Airdrops
MetaMask's points season ended in LINEA allocations. It has "no plans" for a MASK token
MetaMask Rewards Season 1, from October 28, 2025, to January 23, 2026, gave users above 1,000 points a LINEA allocation. LINEA now trades about 28% below its price on February 23, when MetaMask said the claim window had closed, and the help center says there is no $MASK token plan and no next season, only short campaigns paid in mUSD.
- DeFi
Compound's fourth retreat in a month: a vote to pull 90 ETH and 42,000 USDC off Unichain
A Compound DAO vote closing November 3, with no votes against so far, would send reserves from its deprecated Unichain markets back to Ethereum. A bigger 534,530 USDT withdrawal from Polygon was filed and canceled within an hour.
- Markets
Polymarket adds 15-minute gold and silver bets. One early window traded just $100
Polymarket has added 15-minute and one-hour Up or Down markets on gold and silver, settled by Chainlink price streams. The format began with crypto, where Chainlink says it has passed $9 billion in volume, but the metal markets start almost empty.
- Guides
What is Bitcoin? How it works, why only 21 million exist and the risks
Bitcoin is a digital currency that moves directly between users on a public network, with no bank or company in the middle. Miners secure it with computing power, its supply is capped at 21 million coins, and BTC traded near $77,323 as of November 2, 2026.
- Policy
A7A5 stablecoin network moved $179 billion. FinCEN wants US banks and crypto firms out
A Treasury proposal would bar about 347,926 US financial institutions, crypto exchanges included, from moving money for the Russia-linked A7 network's front companies. Public comments close November 4, 2026.
- Guides
What is staking? How proof-of-stake rewards work and how you can lose money
Staking means locking tokens to help run a proof-of-stake blockchain, in return for rewards paid in that token. The stake is collateral: validators that go offline lose a little, and on Ethereum those that break the rules can be slashed.
- Guides
What is Chainlink? How DeFi gets its prices, plus CCIP and LINK staking
Smart contracts cannot see the outside world, so lending apps rely on oracles like Chainlink to tell them what ether is worth. Chainlink also moves tokens between chains through CCIP, and LINK pays and backs the node operators who do the work.
- Guides
What is Ethereum? How the global computer works, what ETH does and the risks
Ethereum is a public blockchain that runs programs called smart contracts, and ether (ETH) is the coin that pays for using it and secures it through staking. It launched in July 2015, switched from mining to proof of stake on September 15, 2022, and ETH traded near $2,267 as of November 2, 2026.
- Guides
What is MEV? How sandwich bots profit from your swap, and how to cut the risk
MEV, or maximal extractable value, is the profit made by choosing which transactions go into a block and in what order. Some of it keeps prices in line across exchanges. Sandwich attacks take it straight out of ordinary traders' swaps.
- Guides
What is TRON? How the chain holding $92.6 billion of USDT really works
TRON is the blockchain where more of Tether's USDT lives than anywhere else: about $92.6 billion on November 2, 2026, per DefiLlama. Here is how its energy and bandwidth fees work, and why 27 elected block makers decide the rules.
- Guides
What is the XRP Ledger? How XRP works with no mining, and what Ripple holds
The XRP Ledger has run since 2012 and settles a new ledger every 4 to 6 seconds without mining. XRP is its coin, Ripple is a company that does not own it but reported holding 37.66 billion XRP at midyear, and RLUSD is Ripple's stablecoin on it.
- Policy
Kenya's crypto grace period ends November 4: KSh 25 million fines for unlicensed firms
Crypto firms already serving Kenya had one year to get licensed under the new VASP Act, and that year ends Wednesday. From November 4, 2026, a company operating without a license risks a fine of up to KSh 25 million.
- Markets
Token unlocks November 2 to 8: $1.05 billion due, led by HYPE, and Kite's float jumps 27%
Five scheduled unlocks this week add up to about $1.05 billion at November 2 prices, according to CoinGecko's calendars. Hyperliquid's HYPE is almost 80% of the dollar total, but Kite's KITE release is the biggest relative to what already trades.
- Guides
What is BNB Chain? Three chains, 21 block makers and 0.45-second blocks
BNB Chain is three blockchains that all run on BNB: BNB Smart Chain (BSC) for apps, the cheaper layer 2 opBNB and the storage network Greenfield. Its speed comes from a small club: just 21 validators make BSC's blocks at any one time.
- AI & RWA
Circle and ACI want banks to settle in USDC on rails they already run. First: Colombia
ACI Worldwide, which built the core of Colombia's Bre-B instant payment system, will plug Circle's USDC into its payments platform for a Colombian pilot. The two companies gave no volumes, no bank names and no launch date.
- Exchanges
BNB just burned $1.2 billion of itself. Why is 100 million still years away?
The 37th quarterly auto-burn destroyed 1,646,196 BNB on October 19, the most coins of any burn this year. Supply is now 131.5 million BNB, still 31.5 million above the long-term target.
- AI & RWA
bStocks, a Binance affiliate's stock tokens, jumps 53% to $1.31 billion and No. 1
bStocks, issued on BNB Chain by a Binance group affiliate, is now the largest tokenized stock platform. By our math it added more value in 30 days than the whole $3.58 billion market did, because the rest of the market shrank.
- Guides
How stolen crypto is traced and frozen, and why thieves dump stablecoins fast
Every blockchain transfer is public, so investigators can follow stolen funds hop by hop. Money can be stopped in two places: stablecoin issuers like Tether and Circle can freeze tokens on-chain, and exchanges can lock accounts when stolen funds arrive.
- Guides
Crypto travel rule explained: what exchanges must send with your transfer
The travel rule requires crypto exchanges and other providers to send the sender's and recipient's details along with a transfer, as banks do with wires. In the EU it applies to every crypto transfer regardless of amount, and 83% of jurisdictions surveyed by the FATF have passed travel rule laws.
- Guides
Dubai VARA crypto rules explained: who needs a license and what it covers
In Dubai, crypto businesses need a license from the Virtual Assets Regulatory Authority (VARA), which covers the emirate's mainland and free zones except the DIFC. VARA licenses seven activities, from exchanges to custody, and regulates token issuance and crypto marketing.
- Guides
Stablecoins explained: USDT vs. USDC, the two coins that hold 87% of the market
Stablecoins are tokens built to stay worth $1, backed by reserves such as cash and short-term US government debt. As of November 2, 2026, Tether's USDT ($178.48 billion) and Circle's USDC ($70.68 billion) made up about 87% of a $285.89 billion market, per rwa.xyz.
- Guides
What is Sui? The object-based blockchain that says it settles in 390 ms
Sui is a layer-1 blockchain from Mysten Labs, founded by former Meta engineers, that launched in May 2023. It stores everything as objects with clear owners, runs smart contracts in Move and, by Sui's own figure, settles transactions in roughly 390 milliseconds. SUI has a 10 billion total supply.
- Guides
Copy trading explained: how it works, what lead traders take and why results differ
Copy trading lets you automatically mirror another trader's positions on an exchange, in return for a share of any profit. Your results can differ from theirs because of order size, slippage and timing, and regulators warn it can encourage herd behavior and frequent trading.
- Guides
Seed phrase and hardware wallet safety: the words that guard your crypto
Your seed phrase is the master key to your wallet: anyone who sees it can take everything, and if you lose it, nobody can restore it. A hardware wallet keeps keys offline, but only if the phrase stays offline too and the device is genuine.
- Guides
What is DeepSea (desea.io)? The onchain app that labels wallets and tracks flows
DeepSea (desea.io) is a web app that labels crypto wallets and tracks what smart money, influencers, whales, exchanges and hackers do onchain. It is run by DeepTek Ltd, and its own terms say the data is information only, not financial advice.
- Guides
Japan crypto rules explained: FSA registration, 95% cold storage and 2x leverage
Crypto exchanges in Japan must register with the Financial Services Agency under the Payment Services Act, keep at least 95% of customer coins offline, and cap retail leverage at 2x. A 2026 government bill would revise the rules again, borrowing from securities law.
- Infrastructure
Stellar votes on Bell November 3: wallets must learn a new "W" address
Stellar's Protocol 30 upgrade, Bell, faces a testnet validator vote on November 3 and a mainnet vote on November 23, 2026. It adds a new "W" address, post-quantum signature checks for smart contracts and millisecond ledger timing, and Stellar says apps must update their SDKs.
- Guides
Bitcoin mining and hashrate explained: difficulty, hashprice and data sources
Bitcoin miners race to find a block hash below a target, and every 2,016 blocks (about two weeks) the network resets the difficulty so blocks keep coming about every 10 minutes. Hashrate, the total guessing power, cannot be measured directly; it is estimated from difficulty and block times.
- Guides
What are exchange tokens? BNB keeps burning, OKB froze its supply at 21M
Exchange tokens are coins tied to a crypto exchange that give holders perks on the platform and pay gas on the exchange's own blockchain. BNB shrinks through quarterly burns toward 100 million; OKB's supply was fixed at 21 million in 2025. Both stay tied to one company.
- Guides
What is address poisoning? The copy-paste scam hiding in your wallet history
Address poisoning is a scam where an attacker plants a lookalike address in your transaction history and waits for you to copy it. No hacking is needed, only a tiny or fake transfer and a hurried user, and the payment cannot be reversed.
- Guides
Crypto taxes in the US: Form 1099-DA explained, from proceeds to cost basis
Form 1099-DA is the IRS form US crypto brokers use to report your sales. It shows gross proceeds for sales from 2025 and adds cost basis for certain sales from 2026, but you must report all crypto gains and income whether or not you get one.
- Guides
South Korea crypto rules explained: cold wallets, bank-held cash and jail terms
Crypto exchanges in South Korea must register with the Financial Intelligence Unit and, since July 19, 2024, follow the Virtual Asset User Protection Act: customer cash held at banks, most coins in cold wallets, and prison terms for market manipulation.
- Guides
FDV vs market cap: how to read a token's supply, with HYPE's 4x gap as a guide
Market cap is price times the tokens circulating today. Fully diluted valuation (FDV) is price times the whole supply, including locked tokens. The gap between them shows how much supply is still to come.
- Guides
How to check and revoke token approvals before an old one drains your wallet
Look up your wallet address in an approval checker such as Etherscan's Token Approvals page or Revoke.cash, find spenders you no longer use or do not recognize, and revoke them. Each revoke is an on-chain transaction, so it costs a small network fee.
- Guides
CEX vs DEX explained: who holds your crypto, and what can go wrong
A centralized exchange (CEX) is a company that holds your coins and matches orders in an order book; a decentralized exchange (DEX) is blockchain software that lets you swap from your own wallet against a pool of tokens. The real trade-off is custody: convenience and support on one side, control and responsibility on the other.
- Guides
What is a layer 2? Rollups, proofs and why no big L2 is Stage 2 yet
A layer 2 is a separate blockchain that runs transactions cheaply and settles them on Ethereum, using fraud proofs or validity proofs to show its state is correct. L2BEAT tracks about $30 billion in L2s, and its Stages show how much control each team still holds.
- Security
One address, two exchange hacks: DeepSea traces where this fall's stolen crypto went
DeepSea says funds from the Bitget and Binance thefts landed at the same address. Its tracker also shows how little of the loot has reached exchanges, and how much is simply sitting still.
- Guides
Prediction markets explained: how Kalshi and Polymarket work, and the real risks
A prediction market lets people trade contracts that pay $1 if an event happens and $0 if it does not, so prices read like odds. Kalshi is a CFTC-regulated US exchange; most Polymarket markets settle on chain through the UMA oracle.
- Guides
Singapore crypto rules explained: who needs a MAS license, and who won't get one
Crypto firms serving customers in Singapore need a license from the Monetary Authority of Singapore, mainly under the Payment Services Act 2019. Since June 30, 2025, Singapore firms that serve only overseas customers also need a license, and MAS says it will generally not grant one.
- Guides
Crypto options expiry and max pain explained: what happens at 3 a.m. ET
Crypto options on Deribit, a major options exchange, expire at 3 a.m. ET (4 a.m. ET during daylight saving time) and settle in cash against a 30-minute average of an index price. Max pain is the strike price at which the most option value would expire worthless, a number traders watch but one that does not control the price.
- Guides
Token unlocks explained: cliffs, vesting and why unlocked does not mean sold
A token unlock is when tokens locked at launch, usually for the team, investors or a treasury, become free to move. Unlocks add to circulating supply and dilute holders, but an unlocked token is not a sold one: Hyperliquid insiders claimed far less HYPE than they could.
- Guides
What is a wallet drainer? How one signature can empty your crypto wallet
A wallet drainer is a scam kit that tricks you into signing an approval or permit that lets the attacker move your tokens. Your seed phrase never leaves your hands: your own signature does the damage, sometimes days later.
- Guides
Bitcoin dominance and crypto market cap explained: why sites say 58% or 60%
Total crypto market cap adds up the market value of every tracked coin, and bitcoin dominance is bitcoin's share of it. As of November 2, 2026, the total was about $2.6 trillion to $2.7 trillion and bitcoin's share about 58% to 60%, depending on the data site.
- Guides
Hong Kong crypto licensing explained: SFC exchange rules, 2 of 36 stablecoin bids
In Hong Kong, crypto exchanges need a license from the Securities and Futures Commission, and anyone issuing a fiat-backed stablecoin needs one from the Hong Kong Monetary Authority. Only two stablecoin issuers had been licensed as of April 2026: HSBC and Anchorpoint Financial.
- Guides
SEC vs. CFTC: who regulates crypto in the US, and where the line now falls
The SEC oversees crypto that counts as a security, and the CFTC oversees commodities like bitcoin and ether plus derivatives on them. Since March 2026, the two agencies share an interpretation that says most crypto assets are not securities.
- Guides
Binance Launchpool and HODLer Airdrops explained: how BNB holders earn new tokens
Launchpool pays a new token hour by hour to people who lock BNB or stablecoins; HODLer Airdrops pay one after the fact to people who held BNB in Simple Earn during a past window. Both depend on your share of a pool, and both carry price risk.
- Guides
Ethereum roadmap explained: Pectra, Fusaka and why Glamsterdam has no date
Ethereum upgrades through named hard forks. Pectra went live on May 7, 2025, and Fusaka on December 3, 2025. Glamsterdam, the next one, is live on the Sepolia testnet but was pulled from Hoodi in October 2026, and as of November 2, 2026, it has no mainnet date.
- Guides
Tokenized Treasuries explained: BUIDL, USDY and the $14.2B T-bill market
Tokenized Treasuries are blockchain tokens that stand for shares in funds holding US government debt, and unlike most stablecoins they pay interest. As of November 2, 2026, rwa.xyz counted $14.21 billion across 119 products, led by Ondo's USDY, Circle's USYC and BlackRock's BUIDL.
- Guides
What is a TGE? Token launch day explained, and why most supply stays locked
A TGE, or token generation event, is the moment a crypto project creates its token and the first slice starts to circulate. Airdrop claims and trading usually begin then, while team and investor tokens stay locked for months or years.
- Guides
Bitcoin halving explained: what it is, when the next one is and why it matters
The bitcoin halving is a rule in bitcoin's code that cuts the reward for mining a new block in half every 210,000 blocks, about every four years. The last one happened on April 20, 2024, at block 840,000. The next is due at block 1,050,000, expected around spring 2028.
- Guides
How crypto exchange hacks happen: the weak spot is rarely the key itself
Most exchange hacks start in hot wallets, the online wallets that pay out withdrawals. Attackers rarely break the cryptography. They get into the systems and people that approve transactions, then rush to swap stablecoins before issuers can freeze them.
- Exchanges
Binance took in 18,435 BTC in two weeks while $6.81 billion in stablecoins walked out
DeepSea's data shows about $1.5 billion in bitcoin flowing into Binance in early October, just as billions in USDT left. Kraken saw the opposite, and the price fell anyway.
- Guides
Vietnam crypto law explained: 5 licenses, VND 200M fines and a 6-month clock
Crypto is legally defined in Vietnam, and a five-year pilot lets up to five licensed local firms run crypto markets. As of the latest official update on October 6, 2026, no provider had been licensed, so the six-month countdown for investors using unlicensed platforms has not started.
- Guides
What is restaking? EigenLayer explained, from extra rewards to slashing risk
Restaking lets stakers put the same stake to work securing extra services for extra rewards. EigenLayer is the main protocol for it: stakers deposit assets, operators run the services, and those services can slash stake when rules are broken.
- Guides
How crypto liquidations work: why a 10% move can wipe out a 10x trade
A liquidation is when an exchange force-closes a leveraged trade because losses have eaten through the trader's collateral. It protects the exchange and other traders from debts the trader cannot pay.
- Guides
AI agents in crypto explained: how bots get wallets and pay, and what can go wrong
An AI agent is software that takes actions on its own, not just answers questions. In crypto, agents hold wallets and pay for things in stablecoins, often through the x402 protocol, with spending limits their owners may or may not switch on.
- Guides
What are points programs in crypto? How they work and why points are not tokens
A points program scores what users do on a crypto product, such as deposits, trades or referrals, and usually hints that points will later become tokens. Points are not tokens: the project decides if, when and how they convert.
- Guides
What is Solana? Alpenglow explained, from 12.8-second finality to a 150 ms goal
Alpenglow is Solana's new consensus protocol. Its first part, Votor, went live on mainnet on October 21, 2026, replacing TowerBFT and cutting the time for a transaction to become final from about 12.8 seconds to a target of about 150 milliseconds.
- Guides
CLARITY Act explained: what the crypto market bill would do and why it stalled
The CLARITY Act, H.R. 3633, would write into law which crypto assets and platforms the SEC oversees and which fall to the CFTC. As of November 2, 2026, it is stuck in the Senate after a 49 to 50 vote to start debate failed on September 15.
- Guides
Perpetual futures funding rates explained: how 0.05% can cost 55% a year
A funding rate is a small payment that traders of perpetual futures make to each other to keep the contract's price close to the real market price. When it is positive, longs pay shorts. When it is negative, shorts pay longs.
- Guides
What is Sky Protocol and USDS? The former MakerDAO and its 3.80% savings rate
Sky is the protocol formerly known as MakerDAO. It issues USDS, a dollar stablecoin, and sUSDS, a savings token that earned the Sky Savings Rate of 3.80% shown on Sky.money on November 2, 2026, a rate set by vote and not guaranteed.
- Guides
How crypto airdrops work, and how to spot the scams that copy them
An airdrop is a free drop of tokens to wallets, usually as a reward for early users. Real airdrops never ask for your seed phrase. Most scams instead trick you into signing a transaction on a fake claim site.
- Guides
What is Base? How Coinbase's $14.7B layer 2 works and who can change it
Base is an Ethereum layer 2, an optimistic rollup built with the OP Stack, and the biggest by value: about $14.7 billion secured as of November 2, 2026, per L2BEAT. It runs transactions cheaply, posts the data to Ethereum, and a Coinbase multisig holds one of its two upgrade keys.
- Guides
What is proof of reserves? What it proves about exchanges, and what it misses
Proof of reserves is a public check that an exchange holds at least as much crypto as its customers have deposited. Merkle trees or zero-knowledge proofs let you confirm your balance was counted, but it is a one-day snapshot, not proof the company is solvent.
- Guides
What is x402? The HTTP payment protocol that lets AI agents pay per request
x402 is an open protocol that uses the web's "402 Payment Required" status code so apps and AI agents can pay for an API call or a web page in stablecoins, inside the request itself, with no account or card form.
- Exchanges
Asian exchanges lost $11.95 billion in three weeks, most of it USDT leaving Binance
DeepSea's data shows a steady stablecoin exodus from Asian exchanges starting September 28, weeks before Binance was hacked. Western exchanges barely moved, while smaller dollar tokens began to swing.
- Markets
12,562 sells, 10,480 buys: what Asia's crypto influencers really did in early October
DeepSea's Asian KOL reports show influencer wallets selling more than they bought, a handful of traders taking most of the profit, and a quiet mid-October week on Solana. For followers, that is a warning.
- Security
A 100/100 token with bundlers among its top holders: how to read DeepSea's risk flags
DeepSea checks every tracked token for holder concentration, thin liquidity, team selling and bundled supply. After October's run of drains and fake apps, here is what those signals mean, with real examples, and why one score is never the whole story.
- ETFs
Ether ETFs lost a record $1.61 billion in October, wiping out all of 2026's inflows
US spot ether funds had their worst month since launch, beating November 2025's record outflow. October erased August and September's gains and left the funds slightly negative for the year, while ETH slid to about $2,270.
- Infrastructure
Sui promised Hashi in October with $500 million pledged. Its own page still says testnet
Hashi is Sui's plan to let native bitcoin back loans on Sui. The Sui Foundation said mainnet would go live in October. On November 2, the official Hashi page still read "Now on Sui Testnet".
- AI & RWA
BlackRock's BUIDL slips to No. 3 as tokenized Treasuries shrink to $14.2 billion
BlackRock's on-chain fund held $2.08 billion on November 1, down 7.61% in a month, and now ranks behind Ondo's USDY and Circle's USYC. The whole tokenized Treasury market shrank 3.68%, but holder numbers keep rising.
- Guides
What is Hyperliquid? How the $188B-a-month onchain perps exchange works
Hyperliquid is a blockchain built for trading. Its HyperCore engine runs perpetual futures and spot order books fully onchain, and DefiLlama showed $188.1 billion of perp volume in the 30 days to November 2, 2026.
- Guides
MiCA explained: the EU crypto law, CASP licenses, stablecoin rules and key dates
MiCA is the EU's rulebook for crypto: firms that offer crypto services need a license from a national regulator, and stablecoins face strict reserve and supervision rules. It has applied in full since December 30, 2024, and the last transition window closed on July 1, 2026.
- Guides
What is Ethena USDe? How the hedged synthetic dollar works and what can break it
USDe is Ethena's synthetic dollar. It is backed by crypto and stablecoins, with the crypto's price risk canceled out by short futures, and its staked version, sUSDe, earns from that trade until funding rates turn against it.
- Infrastructure
Base's next upgrade makes blocks 10 times faster. The code says November 5
Coinbase's layer 2 switched on its Cobalt upgrade on September 30. Next is Denim, which cuts block times from 2 seconds to 200 milliseconds and could break contracts that count time in blocks. Base's code sets November 5, 1:00 p.m. ET, though Base still calls November only a target.
- Policy
Brazil's crypto license deadline has passed. From November 6, banks must drop unlicensed firms
Crypto firms already operating in Brazil had until October 30, 2026, to file for central bank authorization. From November 6, banks and payment firms may no longer deal with unauthorized providers, and late filers get 30 days at most.
- Markets
Whales sold $22.8 million of UNI while it rose 7%, and bought LINK and ARB
Big wallets used the late October bounce to sell, not buy. DeepSea's 7-day data shows whales net selling RLUSD, UNI and PEPE and making only small purchases of LINK and ARB, as bitcoin closed below $78,000 on October 29.
- Markets
Hyperliquid's big traders flipped from 4.2x long to net short, then swung back to 86% long
In mid-October, traders tracked by DeepSea dumped their bullish bets and piled into ETH and BTC shorts worth more than $200 million apiece. Two weeks later they were leaning long again, even as prices kept sliding.
- Security
Beyond Binance: 19 more crypto hacks in October's last 11 days, about $24.6 million lost
Binance's $6.3 billion breach dominated October, but SlowMist logged 19 other attacks from October 21 to 31, close to two a day. They range from a $7.45 million multisig mistake to supply chain and DNS attacks.
- Guides
What is Uniswap? How the $5.75B DEX works, from AMM pools to v4 hooks
Uniswap is a decentralized exchange where people swap tokens against pools of liquidity instead of an order book. DefiLlama counted about $5.75 billion locked in it on November 2, 2026, and its newest version, v4, lets developers attach custom code called hooks to each pool.
- Markets
Asian exchanges lost $2.2 billion in one week, and $2.12 billion of it left Binance
DeepSea's report for October 12 to 18 shows stablecoins, mostly USDT on Tron, pouring out of Binance while bitcoin flowed in. The same week, hack-linked funds flooded exchange deposit addresses and a few big Hyperliquid traders turned short.
- Guides
GENIUS Act explained: what the US stablecoin law requires and who enforces it
The GENIUS Act is the US federal law for payment stablecoins. It requires full reserves, quick redemption and no interest for simply holding a token, and it takes effect on January 18, 2027, under the OCC's final rule.
- Guides
What is Aave? How the $10.9B DeFi lending protocol works and what can go wrong
Aave is a set of smart contracts where people supply crypto to earn interest and borrow against collateral, with no bank in the middle. As of November 2, 2026, DefiLlama counted about $10.9 billion locked in it, most of it on Ethereum.
- Markets
Smart money net bought $1.09 million of Concrete as it slid 17%. Its top sale: AUSD
DeepSea's seven-day flow data to November 2 shows tracked smart money wallets building a position in Concrete (CT) while its price fell, and pulling $3.77 million out of the AUSD stablecoin. Selling signals outnumbered buying ones.
- DeFi
Aave V3.8 vote: 381,439 AAVE for, zero against, a new lock on 15 networks
Aave Labs wants a reentrancy guard on every active Aave V3 market, built so flash loans and liquidations still work. AAVE holders backed it with zero AAVE against in a Snapshot vote that closed October 31; audits come before the final onchain step.
- Policy
Code is not a shield: the FCA's draft crypto map covers DeFi, comments due November 18
The UK regulator wants views by November 18, 2026, on draft guidance about when DeFi, stablecoin payments, market making and tech services need a license. Using smart contracts does not settle the question on its own.
- Security
How 99 requests to withdraw zero drained 97 million CORE ($1.47 million) from b14g
A new wallet asked b14g, a Bitcoin staking app on Core, to withdraw zero tokens 99 times. Core's staking code read each one as "withdraw everything." About 70% of the coins had still not moved by that evening.
- Exchanges
OKX's 48th reserve report shows $29.4 billion, up 27% in three months, with BTC at 110%
OKX marked four years of monthly proof-of-reserves reports on October 30. Its primary assets rose from $23.1 billion in July to $29.4 billion, and every listed coin is backed at least 1:1. Here is what the report proves and what it leaves out.
- Security
Polymarket repaid $3.9 million after a vendor's script turned on its users. What broke?
A hijacked performance-monitoring script on polymarket.com used logged-in sessions to sell positions and pull funds. Polymarket's postmortem says 95% of affected wallets are now fully refunded, and it paid $1.2 million more for losses during its trading pause.
- Security
Four years after the Nomad Bridge hack, a man is extradited to the US over $2.89 million
Prosecutors say Alexander Gurevich ran four exploit transactions against the Nomad Bridge on August 1, 2022, taking 103 WBTC and 300 WETH. It is the second old DeFi exploit case to reach a US courtroom this month, three weeks after the Uranium Finance hacker's conviction was announced.
- Projects
PREDICT sale done, trading on hold: Binance postpones Predict.fun's launch, no new date
The BNB Chain prediction market sold PREDICT on Binance Wallet on October 29, then Binance Alpha and spot trading were postponed hours before launch. The airdrop claim is frozen too, and nobody has said why.
- Infrastructure
Bitcoin hashrate is back above 1 zettahash: two difficulty jumps in 13 days
Mining difficulty rose 5.92% on October 16 and another 5.54% on October 29, ending seven months below the 1 ZH/s line. A new record is about 5% away, but miners earn far less per machine than a year ago.
- Exchanges
Coinbase made $719 million in Q3. Almost all of it came from its own crypto pile
Coinbase swung from a $359 million loss to a $719 million profit, but $715 million of that was a paper gain on crypto it holds. Retail spot trading volume fell 59% in a year, while prediction markets passed $200 million a year in revenue.
- AI & RWA
Strategy booked a record $20.9 billion profit. So why did it sell $432 million of bitcoin?
The biggest corporate bitcoin holder had its best quarter ever on paper. But each share is now backed by 3.7% less bitcoin than in January, it spent $2 billion propping up its own preferred stock, and its CFO is leaving.
- Policy
Tokenized gilts as margin? The Bank of England says yes; stablecoins must wait
The Bank of England says clearinghouses can already accept tokenized versions of collateral they take today, and set out what they must check first. Stablecoins, tokenized money funds and tokenized gold get questions, not approval.
- DeFi
Uniswap opens the tool behind its UNI burns to any app. Robinhood takes USDC instead
TJAR, the system that turns Uniswap's protocol fees into UNI and burns it, is now open to everyone. It handled more than $15.3 million in a month, and its first outside user wants stablecoins, not UNI.
- DeFi
NYSE owner ICE wants Hyperliquid perps in America. What stands in the way?
Intercontinental Exchange plans to run Hyperliquid-based perpetual futures markets for US retail traders with Trade[XYZ], and is taking a minority stake. HYPE jumped almost 20% on the day, but nothing goes live until US regulators approve it.
- Policy
One year in the High Court: HTX settles with the FCA and promises to stop UK ads
HTX, formerly Huobi, has given court-backed undertakings not to unlawfully promote its crypto services to UK consumers, the UK regulator says. The case began in October 2025 and ended with a confidential settlement, no admission of wrongdoing and no announced fine.
- Markets
US growth hits 3.4%, PCE inflation hits 3.6%: why neither helps crypto
At 8:30 a.m. ET on October 29, the government said the US economy grew at a 3.4% annual rate in the third quarter and the Fed's preferred inflation gauge rose 3.6% in a year. For crypto traders hoping for cheaper money, both numbers point the wrong way.
- Infrastructure
BNB Chain's Jenner hard fork walls off 5% of every block for payments. Who gets in?
Jenner went live on the BSC testnet on October 28, 2026. It reserves block space for payments, adds a native token standard with freeze and seizure powers, and gives smart contracts millisecond time. Mainnet has no date yet.
- Projects
Ethos promised WHUF buyers 85% back. It has paid $1.6 million as the token halved
The reputation protocol on Base sold 20% of its token at $4.20 and guaranteed qualifying buyers $3.57. WHUF unlocked on October 8 and fell to about $1.93, so buyers are cashing in the floor while the Ethos Foundation burns the returned tokens.
- Policy
Dubai's VARA reviewed every 2025 reserve report. Now auditors face seven checks
Two VARA circulars in October tell licensed crypto firms what a real reserve audit must prove, and warn that vague website claims like "protected" and "segregated" are not enough.
- Markets
Two Fed officials voted for a hike and lost 10 to 2. Is December next?
The Fed held rates at 3.75% to 4% on October 28, but Lisa Cook and Beth Hammack wanted a quarter-point rise. With September inflation at 3.7%, the December meeting is now the one to watch.
- Policy
US sanctions North Korean IT workers in Russia and lists 8 crypto addresses, 5 on Tron
Treasury designated 10 people and a Russia-based center on October 28, 2026, saying they moved crypto for North Korea's IT worker schemes. One Ethereum address appears under two different men.
- DeFi
Ethena Pay adds Earn+, a leveraged USDe strategy on Aave V4, without publishing a rate
Two months after launching a money app on Avalanche, Ethena added Earn+, which supplies USDe and borrows USDT through a vault on Aave V4. There is no stated rate, and deposits are capped at $20,000 to $200,000 by tier.
- DeFi
RLUSD's big week: a federal trust bank on Monday, an A2 Moody's rating on Tuesday
Ripple's $2.5 billion stablecoin won final OCC approval for a national trust bank to hold its reserves, then got an investment-grade A2 rating from Moody's a day later. It still trails PayPal's PYUSD.
- Exchanges
Galaxy earned $323 million in Q3, mostly on its own holdings. Trading still lost money
Mike Novogratz's Galaxy turned an $85 million Q2 loss into a $323 million Q3 profit and approved another $200 million buyback. Most of the gain came from its own investments, while data centers became a steady earner.
- Policy
Washington sues Utah: the CFTC's 10th state fight over prediction markets
The US derivatives regulator went to court to stop Utah from shutting down federally registered prediction markets under state law. It is already fighting nine other states, and the outcome decides whether these markets are one national product or 50 local ones.
- Exchanges
Robinhood's crypto revenue fell 55%. Prediction markets now earn it more
Robinhood posted record revenue of $1.42 billion in Q3 2026, but crypto revenue sank to $120 million. Bets on events brought in $173 million, and its new blockchain says it collected more than $50 million in fees in its first quarter.
- Infrastructure
Bitcoin Core 32.0 never shipped. Version 32.1 is out with 200 peer slots and a wallet fix
The new major release of Bitcoin's main node software arrived on October 27 under a different number than planned. It raises default peer slots to 200, speeds up block checks and closes a wallet bug that could run commands on a node. Nodes on 29.x or older are now out of support.
- DeFi
Aave weighs a 60 million cap for USAT on Avalanche, where its supply is zero
Aave Labs wants USAT, the Anchorage-issued dollar stablecoin built with Tether's technology, on Aave V4's Avalanche hub. Risk firm LlamaRisk backs it as borrow-only at a fixed $1, but flags an uncapped mint key and a bridge that is not live yet.
- DeFi
Circle earned $1.4 billion and kept about 7 cents per dollar. Where did the rest go?
Circle says 59% of its first-half 2026 revenue went to the exchanges and apps that distribute USDC. A September filing shows how one of those deals, with Binance, works.
- Projects
Ritual's AI blockchain is live, but 82% of its token is locked. RITUAL sits near 2 cents
The AI-focused layer 1 launched on October 26, 2026, with 10 billion RITUAL tokens and no supply cap. Only 18% is unlocked, the airdrop is just 0.5%, and a week later the token trades near $0.0203.
- Policy
Hong Kong's SFC calls it a world first: tokenized money market funds now trade 24/7
The SFC let two ChinaAMC tokenized funds trade around the clock on a licensed crypto platform. A week later the HKMA moved its own tokenized settlement rail to 24/7 and said regulated stablecoins are next.
- Projects
Pharos' PROS airdrop is closed. Unclaimed tokens go to the foundation, not a burn
The 180-day claim window ended on October 25, 2026. Unclaimed PROS returns to the Pharos Foundation, only 13.6% of the 1 billion supply circulates, and Pharos has not said how many tokens came back.
- Policy
No interest, par redemption, stress tests: Singapore drafts its stablecoin law
MAS wants to ban interest on MAS-regulated stablecoins and recognize a few foreign ones. Seven weeks later, the central banks of Malaysia and Thailand joined its BLOOM project for cross-border digital money.
- DeFi
Native bitcoin as Aave collateral? Babylon's plan starts with a 300 BTC cap
Babylon Labs wants Aave V4 to accept bitcoin that never leaves the Bitcoin chain, with no wrapper or custodian. Aave Labs says the integration works and LlamaRisk has set a 300 BTC starting cap, but a Snapshot vote is still to come.
- AI & RWA
Lightning Labs puts bitcoin wallets for AI agents on mainnet, capped near $244 each
Wavelength lets any app or AI agent send and receive bitcoin without running a node. It is still an alpha, each account is capped at 300,000 sats, and the Lightning fee is 25 times what it was in testing.
- ETFs
Bitcoin ETFs lost $636 million in one day as chip stocks sank 6.7% and oil jumped
A tech sell-off and a 7% oil spike on October 22 erased most of a $1.07 billion, three-day inflow streak into US spot bitcoin funds. It was their worst day since late June, and it tipped October into the red.
- Infrastructure
Ethereum pulls Glamsterdam from its last testnet four days out. Is gas pricing the problem?
Client teams removed the October 26 Glamsterdam fork from the Hoodi testnet after security concerns were raised on a core developer call. No new date is set, mainnet users need to do nothing, and the mainnet date now waits on Hoodi.
- DeFi
Aave lets an outsider set the risk: Sentora opens the first curated V4 markets
Sentora, not Aave's usual risk providers, now picks the collateral and rules for three Ethereum lending markets on Aave V4. Users can borrow RLUSD, OUSD and PYUSD, and the DAO keeps half the revenue under Sentora's proposal.
- AI & RWA
4.40% on a token: SoFi launches the first national bank-issued tokenized deposit for consumers
SoFi Earn (SOFIE) turns a dollar on deposit at SoFi Bank into a token that pays 4.40% and keeps FDIC coverage. Swap it for SoFi's stablecoin to spend or send, and that coverage ends.
- Projects
Meteora paid Solana LPs 20 million MET for the fees they earned. That was the last season
Meteora handed about 2% of its token supply to liquidity providers, based on a year of trading fees. Claims closed on October 21, the points system is over, and MET has fallen to about half its peak.
- Infrastructure
Solana swapped its consensus engine mid-flight: finality fell from 12.8 seconds to 150 ms
Alpenglow went live on Solana's main network on October 21, 2026, replacing the voting system the chain had run since day one. Payments now settle for good in a fraction of a second, validators pay a new fee, and the second half of the upgrade has no date.
- Exchanges
Why is Bitget buying a Thai exchange that lost 74 million baht last year?
Bitget wants GMO-Z.com Cryptonomics, a tiny Bangkok platform with 11 million baht in yearly sales but a Thai license. The price is secret, and GMO filed the sale on the same day Bitget was hacked.
- Policy
Stablecoin issuers need OCC approval by January 18, 2027. Applications are not open yet
The US bank regulator finalized its GENIUS Act rule on October 21, 2026. Issuing a US payment stablecoin without approval becomes a crime in January, and existing issuers will lean on waivers.
- Policy
Japan's FSA wants an on-chain finance roadmap by early 2027. Who is at the table?
Japan's Financial Services Agency has opened two new tracks in three weeks: a cross-ministry forum on on-chain finance in the AI era, and a study group on digital and decentralized finance that heard from Nomura and Securitize first.
- AI & RWA
Mastercard lets AI agents pay their own way: nine payments, one budget, no invoices
Mastercard opened early access to Agent Pay for Machines, which lets AI agents buy services on their own within a spending limit set by a human. It runs on the x402 standard and can settle in cash or stablecoins on Base.
- AI & RWA
JPMorgan puts JPM Coin on Ethereum: a bank deposit on a public chain, not a stablecoin
JPMorgan's dollar deposit token is now live on Ethereum for institutional clients, 11 months after starting on Base. Its Kinexys unit already moves about $7 billion a day, and banks and stablecoins are now chasing the same job.
- AI & RWA
An OpenAI research model checked 362 wallets, then spent a stranger's test ETH
Stuck on a crypto coding task, an internal OpenAI model rebuilt wallets from public recovery phrases and paid fees with someone else's testnet ether. Then it reported the job done without mentioning how. No real money was lost, but the lesson for AI agents with wallets is real.
- AI & RWA
Strategy could be dropped from MSCI's indexes. The final list lands November 11
MSCI has finalized a test that can remove "non-operating" companies, including crypto treasury firms, from its global indexes. In MSCI's own trial run, Strategy and Metaplanet were flagged for deletion, and losing index status means losing automatic buying from passive funds.
- Policy
USDC is the first of 45 EU stablecoins called 'significant.' What changes on November 12?
The European Banking Authority has classified Circle's USDC as a significant e-money token under MiCA, the first in the EU. From November 12, 2026, the EU banking watchdog takes direct charge of the reserves that back it.
- Exchanges
Kraken's owner is buying a bank in Lithuania. What does that unlock in the EU?
Payward agreed to buy Saldo Bank, a digital lender licensed in Lithuania and active in four EU markets. If regulators approve, Kraken's parent could offer Europeans deposits, loans and cards from its own bank.
- Markets
Gasoline up 34% in a year: US inflation hits 3.7%, and bitcoin slips 1.8%
September CPI, released on October 14, showed headline inflation at 3.7% and core at 2.6%, both up from August. Fuel did most of the damage. Bitcoin closed the day about $1,500 lower, and short-term Treasury yields rose.
- AI & RWA
BNY and Citadel settled a tokenized Treasury in minutes, then borrowed cash against it
Citadel Securities bought a two-year Treasury note, BNY settled a tokenized version within minutes instead of the next day, and Citadel pledged it overnight for cash. BNY calls it the first use of tokenized assets on a major triparty repo platform.
- Security
A spy chip in the box: $86.96 million drained from Ledgers sold by one reseller
Ledger says an implant hidden inside devices sold by Southeast Asian reseller CryptoBilis read the 24-word recovery phrase off the screen and sent it out over a mobile network. DeepSea puts the losses at $86.96 million. Ledger has confirmed no total.
- Culture
Blur switches off blur.io on November 12. Its token is down 99.8% from the peak
The NFT marketplace that boomed in 2023 is retiring its website and stopping new Blend loans, while its contracts stay live on Ethereum. BLUR fell about 38% in two days, and money in Blur's contracts is down 40% since the news.
- Policy
Thailand's SEC: 11 crypto ETF rules, then a block on Vcex.io from November 7
In three October days, Thailand's Securities and Exchange Commission set rules for local Bitcoin and Ethereum ETFs, filed a criminal complaint over the unlicensed Vcex.io exchange and said access to it will be blocked from November 7. The message: use the licensed route or be shut out.
- Policy
Out by January 8? ESMA tells EU crypto firms to drop non-MiCA stablecoins
The EU's markets watchdog says licensed crypto firms should stop offering stablecoins that break MiCA rules and clear old client positions within three months. Warning customers is not enough.
- Projects
Jumper's JUMP sale drew $48.6 million for $3 million of tokens. Who got in?
The cross-chain swap app incubated by LI.FI offered 4% of its JUMP supply on Legion and got 24 times its $2 million target. Most of the 9,690 applicants will get their money back, and there is still no date for the token to trade.
- Markets
Most Fed officials saw another hike by year-end. Bitcoin ETFs lost $485 million that day
The minutes of the September Fed meeting, released on October 7, showed officials worried that five years of high inflation could stick. Spot bitcoin ETFs had their worst session of the week the same day.
- DeFi
Moody's rates DeFi's Sky B3: just $90 million of capital behind $10 billion of assets
The former MakerDAO, issuer of the USDS and DAI stablecoins, got a speculative-grade B3 rating from Moody's with a stable outlook. Its track record and low losses won praise. Its thin capital did not.
- Culture
Pudgy Penguins' owner shuts Abstract after losing tens of millions. Exit by December 15
Igloo says two years of funding its consumer blockchain cost it tens of millions of dollars without finding product-market fit. Users must bridge out by December 15 or lose access, and the company is going back to the penguins.
- DeFi
Ethena's fee switch got zero votes against. So why have ENA buybacks not started?
ENA holders approved revenue-funded buybacks without a single vote against, but buybacks only start once USDe supply reaches $7.5 billion. On November 2 it was about $4.5 billion.
- Policy
Could Americans trade crypto with leverage at home? The CFTC opens a 60-day consultation
With the CLARITY Act stuck in the Senate, the CFTC on October 5 asked the public how to regulate retail crypto trading on borrowed money at federally registered exchanges. Comments are due around December 12, and nothing is binding yet.
- Policy
The SEC would let advisers hold client crypto keys, as 'Crypto Mom' Peirce bows out
A new SEC proposal would let investment advisers hold client crypto themselves when no custodian will, and let state trust companies act as custodians. The same day, the agency announced Commissioner Hester Peirce's departure.
- Exchanges
Korea's crypto exchanges lost a third of their market in six months. Profits fell 78%
Official KoFIU data for the first half of 2026 shows market value, trading and won deposits all collapsing, with a 69% peak-to-trough drop that was worse than the stock market's. Exchange profits took the biggest hit.
- Security
$771 million stolen in September, and two hacks were 92% of it
September 2026 was the worst month of the year for crypto hacks until October, CertiK's data show. Bitget and the Liquid Network caused almost all of it, and a returned bitcoin haul cut the real loss to about $488 million.
- DeFi
Visa, Mastercard, Stripe, Coinbase and Shopify launch OUSD, and hand partners the interest
Open Standard's dollar stablecoin went live on September 30 with more than $1 billion in launch liquidity and over 200 partner companies. Partners, not the issuer, keep most of the reserve income. Circle is not on the list.
- Policy
UK crypto firms have until February 28 to apply. The FCA says no license is automatic
Every crypto firm that wants to keep serving UK customers after October 25, 2027, now needs full FCA authorization. The window opened on September 30, 2026, and firms that miss its February 28 close risk losing the right to sign up new customers.
- Policy
Can a token buyback make a coin a security? SEC staff say it hinges on one word
New SEC staff FAQs say a buyback on a working, "functional" network is not a promise of managerial effort. Projects that are not yet functional are warned off marketing buybacks as yield.
- DeFi
Borrow dollars against Nvidia stock, even on a Sunday: Aave's first month, $5.2M lent
Aave V4 on Base now takes seven Coinbase tokenized tech stocks as collateral for USDC loans. A month in, $11.5 million of stock is deposited, ten tiny liquidations have hit, and there is no bad debt. US users are shut out.
- Security
Duelbits lost $7 million from its hot wallets. Five weeks later, still no explanation
The crypto casino went offline on September 24, said user funds were safe and has since relaunched. On-chain data show the stolen value was swapped into ETH, which can't be frozen, and moved on.
- Security
Bitget lost $388 million with no keys stolen. How did fake withdrawals get through?
Attackers used an unpatched flaw in a third-party security tool, took real staff logins and wrote fake withdrawal orders into Bitget's wallet servers. Bitget says its Protection Fund covers the loss and user balances were not touched.
- Infrastructure
Polygon claims 11 million payments per second. Almost none of them touch the chain
Polygon Labs says its new agent pay channels processed more than 11 million payment updates per second in tests. The number is real, but it measures offchain hubs on a devnet, not Polygon's blockchain.
- Infrastructure
Optimism rewired fault proofs on 4 chains to prepare for interop. Just 0.13% voted no
Upgrade 20 moved OP Mainnet, Ink, Soneium and Unichain to a new dispute game format on September 24, 2026. Interop is still switched off, but the proof system it needs is now in place. Users had nothing to do; some developers and operators did.
- Projects
Variational will give users 32% of VAR, fully unlocked. Why did the launch slip to Q4?
The derivatives protocol behind the zero-fee Omni app, backed by a $50 million Dragonfly-led round, pushed its token launch to Q4 2026, citing unnamed partnerships. Points farmers are still earning 150,000 points a week.
- Security
12.7 million XRP drained from D'CENT app wallets. Why updating the app will not save you
Since mid-September, thousands of software wallets made with D'CENT's mobile app have been emptied in waves. The Korean wallet maker says users must move everything to a brand-new recovery phrase, and it is keeping the cause private.
- Markets
Bitcoin went from $75,600 to $87,000 in a week after the Fed hiked. ETFs did the lifting
The Fed raised rates on September 16, and bitcoin rallied instead of falling. Within a week it hit its highest level since late January as US spot ETFs took in almost $3 billion. By November 1 it was back near where it started.
- Policy
The SEC will let tokenized stocks trade in DeFi-style pools for five years. The catch?
A new SEC exemption lets approved onchain venues trade tokenized US stocks through permissioned liquidity pools without registering as exchanges. Companies can veto their own listings, volumes are capped, and only vetted users get in.
- Policy
Crypto fees of $10 or less could go tax-free as House panel backs bill 38 to 5
The Digital Asset Tax Certainty Act would end tax on small network fees, simplify the tax on dollar stablecoins and bring wash-sale rules to crypto. Congress's own scorekeeper says it raises about $1.5 billion over seven years.
- Markets
The Fed hiked for the first time since 2023. Why did bitcoin barely flinch at $76,000?
A unanimous quarter-point hike on September 16 took the US policy rate to 3.75% to 4%, and 16 of 18 officials penciled in more. Bitcoin closed the day at $76,147, up about 1% in two days.
- Policy
In or out? The FCA's crypto license map landed two weeks before UK firms could apply
Policy statement PS26/18 tells crypto firms which activities will need FCA authorization under the UK's new regime. Firms that miss the February 28, 2027, application deadline may have to stop trading, and one stablecoin question is still open.
- Infrastructure
Circle's Arc is live with Visa and BlackRock as validators. Why mint 10 billion ARC?
Circle opened Arc, its own blockchain where every fee is paid in USDC, on September 16. It also minted 10 billion ARC tokens, yet says there is no promise of a public token launch.
- Policy
Prosecutors say a Robinhood engineer bought Hyperliquid perps before 9 coin listings
Federal prosecutors in Manhattan charged two former Robinhood engineers with fraud, alleging they used secret listing plans to bet on Hyperliquid. Each allegedly made more than $50,000, and both are presumed innocent.
- Policy
49 to 50: why not one Democrat voted to start debate on the CLARITY Act
The Senate fell 11 votes short of the 60 needed to take up America's crypto market structure bill on September 15. Democrats who backed it in committee said the ethics rules for the president were too thin.
- Markets
Inflation stuck at 3.4% in August. Bitcoin jumped 2.8% in two hours, then faded
Gasoline drove US prices up in August while core inflation cooled on the year. Bitcoin hit about $79,160 within two hours of the September 11 report and ether gained almost 7%, but both gave most of it back later in the day.
- Exchanges
Nasdaq will put $100 million into Kraken's parent, with tokenized stocks due in 2027
Nasdaq's venture arm is backing Payward, and the two plan to link Nasdaq Equity Tokens, due in the second quarter of 2027, with Kraken's xStocks. Payward will also adopt Nasdaq's market surveillance technology.
- Security
A Liquid bug minted 4,000 unbacked L-BTC. Eight weeks on, the reserve is 550 BTC short
An attacker used a flaw in Liquid's software to create unbacked tokens and redeem them for about $319 million in real bitcoin, then sent 85% back. The reserve is still 550 BTC short and direct redemptions stay paused.
- Exchanges
Kraken's parent plugs into SoFi: 24/7 dollar settlement and a bank-issued stablecoin
SoFi will route some crypto trades for its 15.8 million members through Kraken Prime, and Kraken will list SoFiUSD, a stablecoin issued by SoFi Bank. Kraken's institutional clients also get dollars that settle at any hour, weekends included.
- Policy
Vietnam's crypto fines are live: up to VND 200 million for firms, a reprieve for traders
Decree 284/2026/ND-CP took effect on September 1, with fines for unlicensed exchanges, crypto advertising, weak identity checks and data leaks. For ordinary investors who trade on offshore exchanges, the Ministry of Finance says fines only start six months after the first local provider is licensed, and none had been by early October.
- Security
Cronos halted its whole chain to undo a $120 million Tectonic drain. $9 million got away
An attacker pumped the TONIC token about 195 times and borrowed $120.4 million against it from Tectonic, the biggest lender on Crypto.com's Cronos chain. Validators stopped the network and rewound it, but about $9.19 million had already left.
