⚡️ 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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⚡️ JUST IN: Samsung Wallet launches USDC stablecoin accounts on Solana for eligible US Galaxy users, covering about 82 million compatible Galaxy devices in the US.

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💥 Democrats Draft Crypto Bill

Democrats in the US House of Representatives are preparing their own approach to crypto regulation, journalist Eleanor Terrett reported.

The proposal would strengthen the role of the SEC, reduce the CFTC’s crypto oversight powers, and impose additional restrictions on Trump’s crypto business and other federal officials.

The plan would build on Maxine Waters’ amendments to the CLARITY Act, rejected in 2025, and provisions previously agreed by senators from both parties. Democrats aim to advance it in the new Congress beginning 3 January 2027.

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⚡️ JUST IN: Crypto market loses $140 billion in 4 hours. Bitcoin drops below $76,000 as over $870M in leveraged positions are liquidated

Updates
➡️ BTC down 5.85%, ETH down 7.45%

➡️ Circle -9.8%, BitMine -9.7%, Coinbase -8%, Strategy -7.4% in early trading

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🤝 Hayes Warns of IPO Shock

Arthur Hayes, BitMEX co-founder, warns in “D is for Dilution” that SpaceX, Anthropic, and OpenAI IPO unlocks and dilution could pressure shares, lender confidence, bank balance sheets, and dollar liquidity supporting crypto and other risk assets.

SpaceX’s free float rose 50% since its IPO while the price barely changed. About 8.6 billion shares could unlock by the end of June 2027. A potential Tesla merger could add up to 50% more dilution.

Under Hayes’ reading of Anthropic’s S-1, investor dilution could reach 83% by June 2027. At a $1.5 trillion valuation, holding the price would require up to $1.245 trillion in new capital.

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⚡️ JUST IN: Binance hacker moves stolen funds through Chinese money laundering networks. Chainalysis says about $3 billion of the $6.3 billion stolen has been frozen.

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⚡️ JUST IN: Once the world's largest Bitcoin miner, Core Scientific ($CORZ) plans to fully shut down mining by Q4 2026 and operate as HPC colocation provider from 2027.

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