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Coinbase posted on platform X that Coinbase Prime now offers regulated global options and perpetual contract trading services for institutions in the United States and other eligible regions, and provides a unified liquidity pool for traders in the United States and globally.

U.S. Vice President Vance stated, "I still have hope for our country. Everyone knows why we lost. The reason for our failure is the war."Last night, the President himself also admitted this. The relationship with Israel is also one of the reasons for the Republican defeat. I had a bad feeling before the election on Tuesday, but the final result still shocked me.

According to Arkham monitoring, the wallet associated with Selini Capital has once again purchased 57,771 AVAX from Binance, worth over 500,000 USD.As of now, this wallet has maintained a net purchase for six consecutive days, with a total purchase of AVAX tokens through Binance exceeding 5 million USD, at an average purchase price of approximately 8.785 USD.After each purchase of AVAX, the wallet transfers the tokens to a 6/6 multi-signature wallet managed by Selini Capital.

Blast announced on the X platform that Blast L2 has officially shut down. Users who still hold ETH or USD in the L2 wallet, pending withdrawals, or in Blast Mobile can retrieve their assets through the Blast official website. This asset retrieval site will operate for 12 months, with the final support date being November 4, 2027.

Coinbase published an article introducing its user asset protection mechanism and stated that it has not been affected by the previous security incident involving Binance's hot wallet. Currently, the platform's system and user funds remain unaffected.Coinbase stated that over 99% of user assets are stored in cold wallets, with hot wallets only retaining a small amount of funds to meet users' daily withdrawal and usage needs, dynamically adjusting the balance based on deposit and withdrawal demands. The assets in its institutional custody vaults are all stored in cold storage and are independently isolated on-chain.In terms of fund transfer security, Coinbase employs distributed key protection, withdrawal limits, abnormal activity monitoring, and emergency stop mechanisms. Cold wallet private keys are split and stored, and the signing process does not fully reconstruct them; the key signing service in the hot wallet production environment does not allow single-person independent access. If abnormal transactions or a surge in withdrawal amounts are detected, the system will trigger an investigation and limit, and if necessary, can pause part or all fund transfers by shutting down the signing key.Coinbase also stated that user assets are always held by the users, and the platform holds assets on a 1:1 basis, without lending or misappropriating them without user instructions. As of September 30, 2026, the asset scale on the Coinbase platform reached $377 billion, holding $8.6 billion in cash and cash equivalents, and $2.2 billion in investment cryptocurrencies. The company stated that as AI capabilities develop and change the security risk landscape, it will continue to increase investment in security technology.

According to monitoring by Arkham, the Mercado Bitcoin hacker is swapping PENDLE for ETH through CowSwap and 1inch. In the past hour, this address has transferred over 760,000 PENDLE, worth approximately 1.3 million USD.As of now, the CowSwap and 1inch platforms have seemingly not taken effective measures to stop the related hacking activities, raising concerns in the community about DeFi protocols being used to handle and transfer stolen funds.

Sony Bank announced that its external contractor for digital securities, Securitize Japan, experienced unauthorized access to its systems, resulting in a leak of customer information. This includes the names, addresses, birth dates, and account numbers of 4 customers, as well as the names of an additional 617 customers.Sony Bank stated that no improper transactions have been identified as a result of this incident, and there is no evidence that the leaked information has been made public or disseminated online. This matter only involves digital securities services, and related transactions have been suspended, with further notifications to be provided upon resumption.Securitize Japan detected system anomalies on October 29 and confirmed the unauthorized external access on the same day, subsequently notifying Sony Bank. An investigation of the logs confirmed the leak of customer information. Sony Bank will contact the affected customers individually.

Cryptocurrency journalist Eleanor Terrett posted on the X platform that Bill Huizenga, the Republican Congressman and Vice Chairman of the House Financial Services Committee who supports cryptocurrency, has fallen behind Democratic candidate Sean McCann in the ongoing election. Huizenga is a member of the committee's Digital Assets Subcommittee, whose chairman Bryan Steil has also lost his seat.Eleanor Terrett stated that the name, scope, and membership of the subcommittee are redefined by each Congress, so the Digital Assets Subcommittee may be renamed, have its scope adjusted, or be abolished in the future.

According to a case published by the People's Court of Fusui County, Guangxi, in 2020, a couple in their seventies, referred by an acquaintance, participated in an overseas virtual currency mining machine financial management project, initially investing 4,200 yuan and successfully recovering the principal, followed by additional investments of over 60,000 yuan.In December 2020, the involved platform was shut down, and the funds could not be withdrawn. In early 2026, the couple sued the investment introducer and the actual operator, demanding the return of all investment funds and interest.The court found that the virtual currency investment behavior involved violated relevant financial regulatory provisions and contravened public order and good morals, rendering the entrusted financial management contract invalid. The investment losses primarily stemmed from the illegality of virtual currency trading itself and platform risks, rather than being directly caused by the actions of the trustee. Based on this, the court dismissed the plaintiff's lawsuit, and the second instance upheld the original judgment, which has now taken effect.

Riot Platforms, a Bitcoin mining and data center developer, announced its third-quarter financial report for 2026, with total revenue of $181 million, a year-on-year increase of 1%; net profit of $4.03 million, compared to $104 million in the same period last year; and adjusted EBITDA of $191 million, down from $197 million in the same period last year.By business segment, Bitcoin mining revenue was $116 million, down from $161 million in the same period last year; data center revenue was $18.4 million, including base rental income of $7.7 million; and engineering business revenue was $47 million, a year-on-year increase of approximately 146%. In the third quarter, Riot mined a total of 1,637 BTC, a year-on-year increase of 16%, with the cost of mining a single Bitcoin dropping to $39,265.As of September 30, Riot held 2,418 BTC, valued at approximately $202 million, with total cash and restricted cash of $748 million. In the first three quarters of this year, the company sold a total of 20,264 BTC, cashing out approximately $1.5 billion, mainly for data center construction. Additionally, Riot has fully repaid and terminated a $200 million credit line with Coinbase and released all pledged BTC.

According to Wall Street News, the Democratic Party achieved a significant victory in the U.S. midterm elections, with several candidates who clearly opposed the expansion of data centers elected as governors, raising concerns in the market about a slowdown in AI infrastructure investment in the U.S. Asian chip stocks were under pressure on Wednesday, with companies like Samsung Electronics and SK Hynix facing risks that demand for server DRAM and high bandwidth memory (HBM) could be affected.The opposition to data centers mainly focuses on issues such as noise, water consumption, energy consumption, and increased electricity bills for residents. The market is concerned that local governments may tighten project approvals under the pretext of power supply, environmental protection, and AI safety, leading to delays in the construction of new data centers. However, analysts believe that regulation may not directly lead to a shrinkage in investment scale, and tech companies may also turn to building their own power and supporting infrastructure.For South Korean companies, the election results have varying impacts. The Democratic Party's control of Congress may counterbalance the Trump administration's efforts to cut subsidies from the CHIPS and Science Act, benefiting companies like Samsung that invest in the U.S.; the clean energy tax credit policy is also expected to be restored, potentially benefiting solar companies like Hanwha Solutions. Meanwhile, significant easing of automotive tariffs is unlikely, while the Korea-U.S. shipbuilding cooperation framework is expected to continue.

According to the official announcement, Gate will launch OXY (Occidental Petroleum), LNG (Cheniere Energy), XP (XP Group), WUXIBIO (WuXi Biologics), and 10 other perpetual contracts in the perpetual stock section on November 5 at 14:00 (UTC+8).Among them, TWDELTA (Delta Electronics), TWASX (ASE Technology Holding), TWUMC (United Microelectronics Corporation), NANYA (Nanya Technology), WINBOND (Winbond Electronics), and YAGEO (Yageo Corporation) correspond to Taiwanese stock targets, further expanding the platform's contract coverage in Taiwan's technology, semiconductor, and electronics industries.The contracts launched this time are all settled in USDT, supporting 1-20 times leverage for both long and short positions, and will open trading robot and Order Tracking functions within 1 hour after launch. So far, Gate has supported trading for 511 perpetual stock contracts, and this new addition further expands the platform's target coverage in the fields of energy, biomedicine, and Taiwan's semiconductor and electronics industries.

According to The Block, digital asset infrastructure company BitGo Holdings (BTGO) announced the launch of BitGo Global Markets, its new institutional trading and financial solutions business, integrating global liquidity, trade execution, financing, derivatives, and settlement services. This division is led by former NYDIG executive Pete Janney, and BitGo completed its acquisition of NYDIG's institutional and trading business on August 27.Approximately 30 employees joined BitGo after the acquisition, bringing expertise in derivatives, financing, collateral services, and structured products. Janney initially joined the company as the head of financial infrastructure. Since 2020, BitGo has provided institutional trading services through BitGo Prime, which has now been integrated into Global Markets, merging with derivatives, collateral management, and structured financing capabilities from NYDIG.Under the new division, BitGo's Global Liquidity Layer will offer spot trading and large over-the-counter trading channels, with liquidity sourced from exchanges, market makers, and other trading counterparts; clients can use their crypto assets as collateral to borrow funds for trading positions, with BitGo responsible for qualified custody, margin monitoring, and additional margin or clearing processing.The division will also provide options, swaps, and customized structured products for qualified counterparties, as well as managed investment strategies, private funds, and research services, with clearing and settlement handled by Go Network. BitGo CEO Mike Belshe stated that Global Markets will combine custody, liquidity, trading, financing, and settlement capabilities with deeper capital markets expertise. BTGO rose 3.4% in pre-market trading on Wednesday, following a 3.7% increase the previous day.

According to the ruling of the United States Court of Appeals for the Second Circuit, the court denied the request for an injunction by Coinbase Financial Markets and Kalshi during the appeal period. The related cases involve the enforcement of prediction markets in Connecticut and New York.The court is simultaneously hearing three appeals, which involve the case against Coinbase in Connecticut, as well as the cases against Kalshi in Connecticut and New York. The judges stated that the applicants failed to demonstrate the necessity of issuing an injunction during the appeal period; the ruling did not make a decision on the substantive issues of the appeal and did not require the platforms to cease trading or close existing positions.

Despite the possibility that the Democratic Party may push for stricter restrictions on data center construction after winning the election, Nvidia's stock price still rose on Wednesday. This is because the positive performance reported by major companies in the chip industry indicates that market concerns about delays in data center construction have not immediately affected Nvidia and other hardware companies.Customers are still rushing to stockpile artificial intelligence hardware, even though it is currently uncertain whether there will be suitable locations to install these devices in the future. The defeat of Republican governors in Texas and Ohio in the election means that the construction of artificial intelligence infrastructure will face stricter scrutiny.Mark Haefele, Chief Investment Officer at UBS Global Wealth Management, wrote in a research report: "Increased oversight from Congress does not necessarily hinder the artificial intelligence investment cycle. Comprehensive federal-level restrictions will face legislative and presidential power constraints, while state and local regulations will still have a greater impact on the timing and location of data center construction." If Democratic politicians indeed push for stringent measures to limit the construction of artificial intelligence data centers, Nvidia will face greater challenges in the future.However, the market is currently more focused on signs that chip demand remains strong after the stock's recent weak performance.

The Office of the Comptroller of the Currency in the United States has issued a regulatory framework for banks using artificial intelligence.

According to documents from the United States District Court for the Northern District of California, Sun Yuchen and two co-plaintiffs have applied for sanctions against World Liberty Financial and its attorneys, seeking approximately $264,000 in attorney fees and costs. The plaintiffs allege that World Liberty made false disclosures regarding its citizenship in the litigation.The plaintiffs claim that World Liberty initially only disclosed its citizenship in Florida, and nearly three months later supplemented its disclosure to include 22 members in its ownership chain, with citizenship also including places like the UAE. World Liberty's attorneys subsequently argued that, since both parties in the litigation have foreign entities, the federal court lacks jurisdiction.The amount requested involves attorney fees and costs related to the plaintiffs' opposition to mandatory arbitration. The plaintiffs stated in the documents that they would have to refile in California state court; a hearing on the sanctions application is scheduled for December 10.

On November 3, the Ethereum Layer 2 project Scroll released a protocol upgrade proposal on its official governance forum, aiming to transform the existing permissionless general-purpose L2 network into a permissioned dedicated network focused on privacy AI applications, and to migrate the SCR token to the Ethereum mainnet, while keeping the token supply and overall token economic model unchanged.Scroll stated that operating a general-purpose network makes it difficult to ensure sustained demand, while the underlying infrastructure still needs to bear maintenance costs. Therefore, it plans to establish new network demand around AI products such as Compass, CENO, and USX. According to growthepie data, the net profit on the Scroll chain is only about $42.50, a decrease of approximately 92% over the past year.

Crypto journalist Eleanor Terrett published an article summarizing the key results of the U.S. midterm elections, stating that the outcomes are generally unfavorable for the Republican Party and the crypto industry. She pointed out that despite over $64 million invested by the crypto industry, it was unable to prevent Sherrod Brown from returning to the Senate, where Brown may gain a leadership position on a committee with jurisdiction over crypto issues. Sherrod Brown previously served as the chairman of the Senate Banking Committee and holds significant influence over legislation and regulation of digital assets.Eleanor Terrett noted that Brown is cautious and even skeptical about crypto, emphasizing that consumer and investor protection should take priority. He advocates for enhanced information disclosure, segregation of customer assets, combating conflicts of interest, and anti-money laundering measures, opposing industry-led lax legislation. While he does not outright reject reforms on stablecoins and market structure, he insists that the regulatory framework must become stricter and not dilute the standards of traditional financial markets.Additionally, pro-crypto representatives Bryan Steil, Zach Nunn, and Ann Wagner were defeated, and Mike Lawler has conceded to Cait Conley, although the Associated Press has yet to make a final determination on New York's 17th congressional district. Kirsten Gillibrand, chair of the Democratic Senatorial Campaign Committee, helped the Democrats secure a Senate majority that exceeded expectations. After the Republican Party lost control of the Senate, Tim Scott is expected to transition from chairman of the Banking Committee to minority leader; the outcome in French Hill's district has not yet been determined, but it appears he may narrowly win and is expected to become minority leader, with the chairmanship taken over by Maxine Waters. Pete Ricketts won in Nebraska, and Andy Barr secured the vacant Senate seat in Kentucky, succeeding Mitch McConnell and potentially competing for a position on the Banking Committee.

Ethereum Layer 2 data platform L2BEAT announced its rebranding to ETHBEAT. The team stated that their work has clearly exceeded the scope of Layer 2, and the new name aligns with their new mission. The name change does not signify a abandonment of Layer 2 coverage; relevant monitoring will continue, but Layer 2 will no longer be the sole focus. The current emphasis is on confirming whether systems built on Ethereum truly deliver the assurances of Ethereum to users.L2BEAT was launched over five years ago, with the initial goal of organizing the rapidly developing Ethereum Layer 2 at that time. The team tracked adoption through dashboards, starting with total locked value, later adjusting to total assurance value, and expanding to data such as activity levels; they also reviewed the source code of deployed smart contracts to assess whether these systems inherit Ethereum's security guarantees.ETHBEAT will bring its existing transparency and review methods to a broader Ethereum ecosystem and collaborate with other Ethereum organizations. Layer 2 remains one of the core areas, alongside privacy and the upcoming liquid staking, while cross-chain interoperability, tokens, zero-knowledge proofs, native Rollups, and foundational layer changes will also continue to be tracked. The team also launched the CROPS guide, which includes projects that meet principles of anti-censorship, open-source, privacy, and security. Its mission is to help users understand and reduce reliance on intermediaries, clarifying whom users must trust, what these entities can do, and whether users can still exit after other participants withdraw.