24H Web3 News Recap #571

Kalshi launches perpetual futures on over 50 US stocks and ETFs, passing $300M traded

• Kalshi filed on September 18 and the CFTC's 45-day review closed on November 2 without objection, so the product took effect automatically.

• After a quiet rollout, the public announcement came on November 5, when co-founder Luana Lopes Lara said volume had passed $300 million.

• Names include McDonald's, Palantir, Meta, Qualcomm and Nvidia, out of more than 50 NYSE and Nasdaq stocks and ETFs.

• Each contract equals 0.02 shares, funding settles daily at 4:00 PM ET and some assets allow about 4.9x exposure.

• Kalshi Klear, the company's own clearing house, clears the trades.

Source: Crypto Briefing

Hyperliquid Strategies files to become a CFTC-registered FCM, posts $620.6M Q3 profit

The HYPE treasury company, which trades as PURR, wants US approval to act as a futures commission merchant, a broker for regulated futures. Q3 revenue was $13.3 million, above analyst estimates of $10.6 million to $12 million. Net income of $620.6 million came mostly from $803 million in unrealized gains on its HYPE holdings, partly offset by a $172.3 million tax provision.

Source: The Block

Greece approves a 10% crypto capital gains tax from 2027, down from a 15% draft

• Parliament passed the country's first full crypto tax framework on Thursday, November 5.

• Net gains up to €500 a year are exempt, but above that the 10% applies to the whole year's net gain.

• Selling for euros, paying with crypto or contributing it to company capital is taxable; holding and crypto-to-crypto swaps are not.

• Losses above €500 can be carried forward for five years against future crypto gains.

• The rules start January 1, 2027, and implementation guidance is due in the coming weeks.

Source: Bitcoin Magazine

Thailand's SEC files a criminal complaint against Bitget, plans a December 5 access block

The complaint targets BG Limited, Bitget's operator, and was filed with the Economic Crime Suppression Division. The SEC says Bitget offered trading to Thai users from 2022 to 2025, charged fees and marketed in Thai without a license. It asked the digital economy ministry to block Bitget's website, domains and app, and told users to deal with their assets before December 5. In October Bitget agreed to buy GMO-Z.com Cryptonomics, a licensed local exchange, pending approval.

Source: Cointelegraph

SignalPlus loses under $82K after a fake Teams invite, Binance and Deribit revoke its keys

The attacker took over the Telegram account of a contact at a third-party vendor and sent a SignalPlus engineer a fake Microsoft Teams invite, which compromised the engineer's computer. The intrusion into the internal network began on November 4. SignalPlus admits it did not require IP whitelisting for exchange API keys and says it will fully reimburse affected users. Its services are paused while it runs security reviews.

Source: Cointelegraph

Solana lender Loopscale pauses activity after over 30,000 malicious API requests a day

The attacks over the past week targeted Loopscale's older SOL and USDC Genesis vaults. The team says all user funds are secured and the affected vaults were made whole. It has flagged four attacker addresses and is working with federal law enforcement. The interface and loan repayments will return after a security review, with no timeline given. Loopscale lost about $5.8 million in a pricing exploit in April 2025, later recovered.

Source: crypto.news

Core Scientific will exit Bitcoin mining by year-end as Q3 colocation revenue hits $215.4M

CFO Jim Nygaard said on the Q3 call that mining will wind down in Q4 and the company will be a colocation data center provider in 2027. Total Q3 revenue was $232.9 million, and mining brought only $17.5 million, 7.5% of the total. Self-mining revenue fell to $12.3 million from $57.4 million a year earlier. The AI hosting shift started with a CoreWeave deal in March 2024.

Source: Cointelegraph

Keel, formerly Bitfarms, sells its entire 2,520 BTC treasury for about $192M

The sales in Q3 covered the 2,261 BTC Keel held at the start of the quarter plus 259 BTC it mined. Bitcoin from its remaining Quebec sites will now be sold daily. Revenue from continuing operations fell to $28 million from $68 million a year earlier, and adjusted EBITDA swung to minus $27 million. Keel had about $780 million in cash on November 4 and a 2.2 GW pipeline, with its Moses Lake HPC site expected to go live in 2027.

Source: Bitcoin Magazine

Samsung Wallet launches USDC accounts on Solana for about 82M compatible US Galaxy devices

• Samsung confirmed the launch on November 5, a month after announcing it on October 7.

• Users can buy, hold and send USDC to other Samsung Wallet users or external wallets with no Samsung transfer fee.

• Transfers to bank accounts in over 60 countries are supported, with fees by destination.

• Bastion runs the accounts and Coinbase Prime Vault holds the USDC as sub-custodian.

• Users must be 18+, on Android 13 or later; New York residents are excluded.

Source: The Block

Amundi tokenizes its STOXX Europe 600 fund on Ethereum as tokenized stocks reach $4.24B

The new token is a share class of Amundi's fund tracking the STOXX Europe 600, which covers large, mid and small companies across developed Europe. CACEIS built the tokenization infrastructure. RWA.xyz data shows tokenized stocks grew nearly 27% in 30 days to November 4. All 10 of the largest tokenized equity products are tied to US companies or US-listed securities.

Source: Cointelegraph

Zcash activates NU7 at block 3,543,405, cutting target block time from 75 to 25 seconds

• The block was mined at 02:34 UTC on Friday; the next 225 blocks averaged about 39 seconds as difficulty adjusts.

• An exchange needing three confirmations can cut its wait from nearly four minutes to about 75 seconds.

• Simple private payment capacity could rise from about 3 to more than 6 per second.

• Miners now get 40% of fees, while 60% goes to a reserve that funds block rewards from around February 2031.

• The old Sprout pool is retired, leaving about 12,224 ZEC unspendable with no approved recovery.

Source: CoinDesk

Base deploys its Denim upgrade on mainnet, producing a block every 200 milliseconds

Denim is Base's fourth mainnet upgrade and retires Flashblocks, so apps must switch to standard block subscriptions. The protocol now enforces exactly 200 ms between blocks, five per second, instead of relying on the sequencer's clock. New RPC fields give millisecond timestamps, while block.timestamp stays in whole seconds. The upgrade also extends compliance options in Base's B20 token standard.

Source: The Block

IREN's AI cloud revenue jumps 182% to about $200M as mining revenue falls 58%

Total revenue for the quarter to September 30 rose 66% from the prior quarter to $228 million. Mining revenue fell to $28 million from $67 million the quarter before and $233 million a year earlier. IREN aims to substantially finish leaving Bitcoin mining by December 31, 2026. Its shares fell 17% on Thursday to $18.03 in the wider AI selloff.

Source: The Block

TeraWulf signs a $19B, 20-year Anthropic lease for 401 MW, with Google as backstop

The agreements, signed November 4 and disclosed in an SEC filing, cover TeraWulf's Kentucky campus. If Anthropic defaults, Google can take over the lease or pay a termination fee in exchange for a stake in Raylan Data, the project subsidiary. For the first six years Google generally must take over the lease rather than end it. The backstop ends if Anthropic holds an investment-grade rating for three months. Capacity should start arriving in late 2027, with deliveries through Q2 2028.

Source: CoinDesk