24H Web3 News Recap #568

Strategy buys 811 BTC for $65.5M, lifting its holdings to 849,327 BTC

The purchases ran from October 26 to November 1 at an average of $80,846 per coin, according to an 8-K filed on November 2. Strategy sold 1,178,552 MSTR shares for about $164M through its at-the-market program, which still has about $18.62B available. In the same week it spent about $208.2M from its cash reserve buying back roughly 2.1M STRC preferred shares, triple its bitcoin outlay. Its total stack cost about $64.1B, an average of $75,451 per BTC, and its USD Reserve stood at $4.79B on November 1.

Source: The Block

Bitmine adds 8,573 ETH, bringing its holdings to 6.06M ETH, 4.9% of supply

• Total holdings: 6,060,506 ETH, close to the company's 5% supply target.

• Cash and marketable securities: $498M.

• Other assets: 216 BTC, a $180M stake in Beast Industries and an $82M investment in Eightco Holdings.

• Chairman Tom Lee said the market reaction to the Binance hack was muted.

Source: The Block

Brazil's Mercado Bitcoin halts withdrawals after over $40M is drained across 10 chains

Brazil's largest crypto exchange paused deposits and withdrawals on Monday, November 2, after security firms estimated losses above $40M. The largest outflows ran between 06:19 and 06:53 UTC from exchange wallets on Ethereum, Solana, Tron, Polygon, Arbitrum, Avalanche, BSC, Stellar and other chains. The transfers were plain transactions, not a smart contract exploit, and it is not known how the attacker got signing access. Tether CEO Paolo Ardoino confirmed $4.5M in linked USDT was frozen. The exchange said customers were not harmed and published the destination addresses.

Source: CoinDesk

ZachXBT flags a suspected $106M theft from an EU entity's exchange accounts

The losses reportedly happened on Sunday, November 1, and ZachXBT posted the alert on Telegram on Monday. Neither the victim nor the exchanges involved have confirmed the theft, and the entity type is unknown. The attacker withdrew USDC and USDT, swapped the USDC for ether and moved funds through WellWallet and Kyrrez, converting some to Monero via Wagyu. ZachXBT published 11 linked wallets and said he has high confidence the attacker is not North Korea's Lazarus Group.

Source: CoinDesk

SEC adds three crypto FAQ answers on when token governance counts as central control

• The Division of Corporation Finance added questions 1.4 to 1.6 to its crypto assets FAQ on November 2.

• Q1.4: unaffiliated token holders voting in governance are generally not treated as a group under the central party definition, even when governance runs through a foundation.

• Q1.5: lists unilateral powers that indicate control, such as changing code, choosing validators or reversing transactions.

• Q1.6: a system is functional when its token can be used for its programmed utility, and decentralized when no person or coordinated group holds operational, economic or voting control.

• The answers build on the SEC's March interpretation and are staff views without legal force.

Source: crypto.news

South Korea's FSC urges exchanges to raise cold storage above the 80% minimum

The Financial Services Commission issued the statement on Monday, November 2, without setting a new target ratio. Its other requests include reviewing IT access controls, withdrawal signing procedures and admin privileges, adding incident response staff and setting aside extra reserves. At the end of September, Upbit held 99.17% of customer crypto offline, Bithumb 94.76%, Coinone 85%, Digital X 82.79% and GOPAX 80.54%.

Source: Cointelegraph

Standard Chartered launches 24/7 tokenized deposits for Hong Kong corporates on HKMA's EnsembleTX

Unlike stablecoins, the tokens remain money held at the bank, and final payments settle in central bank money. The launch coincides with the Hong Kong Monetary Authority taking EnsembleTX to 24-hour settlement; the project began as a pilot in November 2025. EnsembleTX now has 12 banks and 20 other participants, and China AMX and PantherTrade have completed live transactions. Standard Chartered is connecting digital asset clients through Fireblocks and has not disclosed transaction values.

Source: CoinDesk

tZERO agrees to a $350M SPAC merger with FG Imperii, plans NYSE American listing

The deal values tZERO at $350M before new capital, and the blank-check company FG Imperii Acquisition Corp. holds up to $231M in trust, subject to redemptions. The combined firm would trade under the ticker TZRO, with closing expected in early 2027 pending approvals. Holders of about 62% of fully diluted capital have signed support agreements, and CEO Alan Konevsky stays on. NYSE parent ICE is an investor and picked tZERO as a design partner for its tokenized securities platform.

Source: CoinDesk

Tron passes Ethereum in USDT with a $90.75B Q3 average versus $87.73B, Token Terminal shows

The figures come from Token Terminal's Q3 2026 report, published November 2, and are quarterly averages. Tron's lead over Ethereum was $3.02B, and at the September 30 quarter end the gap was wider: $92.35B versus $86.69B. All native stablecoins on Tron averaged $92.25B in Q3, up 4.18% from Q2 and 14.58% from a year earlier, with USDT about 98.4% of that.

Source: crypto.news

HSBC's Hong Kong dollar stablecoin RedCoin reaches 50,000 users in just over a week

HSBC Group CEO Georges Elhedery gave the figure at Hong Kong FinTech Week on November 2; the token, ticker RCHKD, launched on October 23. It is available to eligible customers of the PayMe app, which has over 3.3M users, and runs on a permissioned Hyperledger Besu network. Circulating supply stood at HK$87.75M against HK$88.75M of cash reserves, up HK$6.75M in seven days. HSBC has not said how many users have made payments, and plans its first independent reserve attestation after Q4 2026.

Source: crypto.news

NEAR's House of Stake votes to cut maximum annual issuance from 2.5% to 1.6%

Proposal HSP-029 passed on November 2 with about 3.29M veNEAR in favor, a 36% reduction of the ceiling phased in over 24 months. The change starts after a roughly 90-day grace period that begins once the Security Council ratifies it and validators adopt the upgrade. Daily minting is projected to fall from about 89,500 NEAR to about 57,300 NEAR, and gross staking yields from about 5.27% to 3.37%. Stakers keep 90% of new tokens and the treasury 10%. NEAR last cut the cap, from 5% to 2.5%, in late October 2025.

Source: Crypto Briefing

XRP Ledger token minting fix nears Nov. 4 activation with 33 of 35 validators

Under the bug, accounts allowed only to destroy an issuer's tokens could create new ones in some conditions; XRP's own supply is unaffected. The amendment, fixCleanup3_4_0, can activate at about 14:46 UTC on November 4 if support holds, after a dip to 26 validators on October 21 restarted the two-week countdown. Activation needs 29 of 35 validators for two uninterrupted weeks. CoinDesk found no public reports that the flaw was exploited. A separate lending amendment has 19 votes and could go live on November 18 at the earliest.

Source: CoinDesk

Anthropic posts a $567M Q3 operating loss on $17B revenue in its amended IPO filing

• The numbers come from an amended IPO filing published on Monday, November 2.

• The loss reverses a $974M operating profit in Q2; revenue grew 47% quarter over quarter, down from 144% in Q2.

• About $5B of computing capacity came from costlier short-term contracts, and a donation-matching program added about $2B in non-cash charges.

• Adjusted operating profit rose to $2.5B, a 15% margin, while net loss reached $23.3B, mostly from a $21.9B non-cash charge on convertible notes.

• Anthropic filed to go public on October 26, with pricing expected in mid-November.

Source: CoinDesk

Salesforce agrees to buy AI customer service startup Cresta for about $2.7B

The price comes from a report by The Information; Salesforce announced a definitive agreement on November 2. Cresta runs autonomous voice agents for customer calls and coaches human representatives in real time, with clients including Marriott, Comcast and United Airlines. Founded in 2017 out of Stanford's AI Lab, it has raised more than $270M and reportedly reached about $100M in annual recurring revenue in April 2026. The deal is expected to close in Salesforce's fiscal Q1 2028, roughly February to April 2027.

Source: Crypto Briefing