In the last 3 midterm elections, $BTC experienced 20%-50% corrections. Bitcoin did not bottom before the elections, unlike now. I think a correction could happen from here, but not to a new cycle low.

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⚡️ JUST IN: ZachXBT named French bank Crédit Mutuel Arkéa as the victim of the $133 million hack.

The bank manages $235 billion in assets. Earlier reports only described an EU entity’s exchange accounts being drained.

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⚡️ JUST IN: Democrats vow to investigate Trump family's crypto business after retaking the House.

World Liberty Financial is likely the first target over a $500 million stake bought by UAE royals and Trump's pardon of CZ. The White House calls it a political attack.

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🪙 Binance Recovers Hacked Assets

Binance CEO Richard Teng said the exchange absorbed losses from a major hack attributed by the FBI to North Korea.

It restored 98% of affected assets and closed the hackers’ entry points. Using AI, Binance also blocked 57 suspicious North Korea-linked cyber threats this year.

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⚡️ JUST IN: Three pro-crypto House Republicans lose their seats in the US midterms.

Sherrod Brown returns to the Senate despite over $64 million from crypto to stop him, and could take a leadership role on crypto oversight.

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⚡️ JUST IN: Six of the Magnificent Seven now object to OKX and ICE tokenizing their shares.

Apple and GE Vernova are the latest, bringing the total to 59 issuers.

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⚡️ JUST IN: Riot sold about 20,264 BTC this year for roughly $1.5 billion to fund data center buildout and fully repaid its $200 million Coinbase credit line.

Riot signs a 15-year lease for all 910MW of its Corsicana site worth about $28 billion.

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⚡️ JUST IN: French lawmakers passed an amendment requiring declarations for self-custody crypto worth over €100,000.

The measure is part of France’s 2027 budget bill and takes effect only if it survives in the final law. Parliament has until November 17 to complete its first reading.

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🇺🇸 CFTC Clears Equity Perps

🇺🇸 CFTC has opened the way for perpetual futures on individual stocks to trade in the US.

CFTC Chair Michael Selig said that from November 3, contracts known as Equity Perps can trade for the first time on exchanges registered with the agency. The venues must also be registered with SEC to trade security futures products.

The aim is to let Americans trade these instruments under CFTC regulation, rather than turning to offshore and often unregulated platforms. The statement did not specify which exchanges will list them or when.

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⚡️ JUST IN: Circle's CRCL payments network volume skyrocketed to $58 billion annualized from $23 billion in July.

Circle is building Arc Sectors, including a payments lane targeting over 100,000 transactions per second.

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🪙 Ethereum Targets Government Services

Ethereum Foundation launched a separate site for governments and international organizations, showing how Ethereum can support public services.

In Bhutan, it is used to verify digital IDs without revealing personal data. Humanitarian organizations have also developed a privacy-preserving aid distribution prototype.

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⚡️ JUST IN: MicroStrategy’s $STRC hits $100 for first time since May

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⚡️ JUST IN: House Democrats plan a broader crypto market structure bill with expanded SEC oversight.

The plan would likely add ethics provisions restricting Trump’s and other federal officials’ crypto activities, while Republicans call it a “messaging bill.”

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⚡️ JUST IN: Privacy Cash paused deposits to block stolen Binance funds from entering its protocol.

Withdrawals continue, while wallet address screening will be strengthened and a resumption date announced later.

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⚡️ JUST IN: Trump Media moved 4,259 Bitcoin worth $343.67 million to a Crypto.com deposit address, often signaling a sale.

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⚡️ JUST IN: MARA ($MARA) moved 1,650 BTC worth $133 million to Galaxy Digital and Copper, its second transfer round to trading platforms.

All 1,650 BTC moved in the past 12 hours, and Lookonchain tracks the transfers as selling.

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🇰🇷 South Korea Delays Crypto Tax

South Korea plans to move the launch of its crypto-income tax from 2027 to 2029, Finance Minister Lee Hyun-il said on November 5. The move would mark the fourth delay.

The 22% tax, including local taxes, was due to apply from January 2027 to profits above 2.5 million won, or about $1,870. Authorities say crypto tax-information sharing with the US will only begin in 2029, and an earlier tax could put the local market at a disadvantage. Kim Min-seok proposed the delay.

The government plans to submit tax-law amendments in 2027, publish detailed rules in the first half of 2028, and study data from overseas platforms. It also wants investors to carry losses forward for three years. The delay still requires approval from the National Assembly.

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💥 Bitcoin at Election Crossroads

Bitcoin rose after Democrats won the US midterm elections, but it must hold key levels for a trend reversal.

Analyst Michael van de Poppe highlighted $79,800 and $79,000. Losing them could threaten the market recovery.

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⚡️ JUST IN: Binance and Deribit cut off SignalPlus API keys after a reported security issue.

Binance says its systems are unaffected and user funds remain safe, urging users to check positions and open orders directly and enable IP whitelisting.

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⚡️ JUST IN: Keel Infrastructure $KEEL, formerly Bitfarms, sold nearly its entire Bitcoin treasury and plans to sell newly mined BTC daily.

It sold 2,520 BTC for $192 million in Q3 while pivoting to AI data center infrastructure.

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