# 24H Web3 News Recap #571 Web3 News Recap, edition 571. Published 2026-11-06. 8 min read. Canonical page: https://www.w3match.com/reports/recap-2026-11-06 Top stories: Bitcoin slides 6% to $75,568 as Nasdaq plunges 5.52%; Kalshi stock perps pass $300M in volume; Samsung Wallet adds USDC for 82M Galaxy devices. ## Key numbers - **Fear & Greed Index:** 28/100 (alternative.me, 2026-11-06; Fear, 50 yesterday) ## Macro & Global Markets **Nasdaq plunges 5.52% into a correction, its worst day since April 2025** The Nasdaq Composite closed Thursday at 24,315.00, more than 10% below its October record. The S&P 500 fell 4.36% to 7,353.73 and the Dow lost 1,833.06 points, or 3.44%, to 51,523.06, erasing Wednesday's post-election rally. Investors sold AI stocks on fears that the Democratic sweep will slow data center construction. Broadcom fell about 10%, Nvidia about 9% and the SOXX chip ETF had its worst day since March 2020\. The VIX briefly hit 28.09, its highest since March 31. Source: [CNBC](https://www.cnbc.com/2026/11/04/stock-market-today-live-updates.html) **Paraguay's President Santiago Peña resigns after Ueno, a bank with 3M customers, collapses** Peña announced on Thursday that he was stepping down to protect stability and democratic institutions, and denied wrongdoing. If Congress accepts, Vice President Pedro Alliana serves out the term to 2028\. On November 2 the central bank started resolution proceedings for Ueno after its solvency ratio fell to 5.56%, below the 12% minimum, and restricted access to deposits. Eight Ueno executives, including Grupo Vázquez president Miguel Vázquez, were detained on November 3\. The first deposit guarantee payments cover balances up to 10 million guaraníes, about $1,630. Source: [Cointelegraph](https://cointelegraph.com/news/paraguay-president-resigns-after-collapse-ueno-digital-bank) ## Market & Sentiment **Bitcoin slides about 6% to a $75,568 low, erasing its post-election gains** The intraday low on Thursday was $75,568, a day after Bitcoin climbed back above $80,000 on the US election results. The drop came as AI and chip stocks led a broad Wall Street selloff. CoinGecko showed total crypto market value down about 8% in 24 hours on Friday morning, with Ether near $2,217. Source: [The Block](https://www.theblock.co/news/markets/2026-11-05-bitcoin-erases-post-election-gains-wall-street-selloff-liquidations-435434) **Crypto liquidations near $1.1B in 24 hours, hitting about 211,000 traders, CoinGlass shows** CoinGlass counted $1.09 billion in liquidations over 24 hours. In a single four-hour window $879.92 million was wiped out, of which $818.90 million were long positions and $61.02 million shorts. CoinGlass data relies on public exchange feeds, so the real total may be higher. Source: [The Block](https://www.theblock.co/news/markets/2026-11-05-bitcoin-erases-post-election-gains-wall-street-selloff-liquidations-435434) ## Trading & Derivatives **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](https://cryptobriefing.com/kalshi-launches-single-stock-perps/) **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](https://www.theblock.co/news/markets/2026-11-05-hyperliquid-strategies-files-become-cftc-registered-fcm-posts-13-3-million-quaterly-revenue-435455) ## Global Regulation **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](https://bitcoinmagazine.com/news/greece-approves-10-crypto-gains-tax) **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](https://cointelegraph.com/news/thailand-block-bitget-december-unlicensed-crypto-trading) ## Security & Exploits **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](https://cointelegraph.com/news/binance-deribit-revoke-signalplus-api-fake-teams-attack) **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](https://crypto.news/loopscale-halts-operations-after-30000-daily-malicious-api-requests/) ## Bitcoin Mining **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](https://cointelegraph.com/news/core-scientific-to-quit-bitcoin-mining-by-year-end-as-ai-business-surges) **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](https://bitcoinmagazine.com/news/keel-sells-entire-bitcoin-treasury-192m) ## Stablecoins & Tokenization **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](https://www.theblock.co/news/business/2026-11-05-samsung-wallet-launches-usdc-accounts-solana-us-galaxy-users-434523) **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](https://cointelegraph.com/news/amundi-tokenizes-european-equity-index-fund-ethereum) ## Layer 1 & Layer 2 **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](https://www.coindesk.com/tech/2026/11/06/zcash-s-landmark-nu7-upgrade-goes-live-speeding-up-private-payments) **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](https://www.theblock.co/news/ecosystems/2026-11-05-base-deploys-denim-upgrade-on-mainnet-replacing-flashblocks-with-200ms-block-times-434433) ## AI Infrastructure **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](https://www.theblock.co/news/business/2026-11-05-irens-mining-revenue-drops-435783) **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](https://www.coindesk.com/tech/2026/11/05/google-could-take-ownership-stake-in-bitcoin-miner-terawulf-s-ai-project-if-anthropic-defaults) ## Sources - [Dow drops 1,800 points; Nasdaq tumbles into correction territory on AI tech wreck](https://www.cnbc.com/2026/11/04/stock-market-today-live-updates.html), cnbc.com, 2026-11-05 - [Paraguay president resigns after collapse of Ueno digital bank](https://cointelegraph.com/news/paraguay-president-resigns-after-collapse-ueno-digital-bank), cointelegraph.com, 2026-11-05 - [Bitcoin erases post-election gains as Wall Street selloff triggers over $1 billion in crypto liquidations](https://www.theblock.co/news/markets/2026-11-05-bitcoin-erases-post-election-gains-wall-street-selloff-liquidations-435434), theblock.co, 2026-11-05 - [Kalshi launches single-stock perps, logging over $300 million in early trading](https://cryptobriefing.com/kalshi-launches-single-stock-perps/), cryptobriefing.com, 2026-11-05 - [Hyperliquid Strategies files to become CFTC-registered FCM, posts $13.3 million in quarterly revenue](https://www.theblock.co/news/markets/2026-11-05-hyperliquid-strategies-files-become-cftc-registered-fcm-posts-13-3-million-quaterly-revenue-435455), theblock.co, 2026-11-05 - [Greece Approves 10% Crypto Capital Gains Tax as First Framework Lands Below Draft Rate](https://bitcoinmagazine.com/news/greece-approves-10-crypto-gains-tax), bitcoinmagazine.com, 2026-11-05 - [Thailand to block Bitget in December over unlicensed crypto trading](https://cointelegraph.com/news/thailand-block-bitget-december-unlicensed-crypto-trading), cointelegraph.com, 2026-11-05 - [Binance, Deribit revoke SignalPlus API keys after fake Teams invite attack](https://cointelegraph.com/news/binance-deribit-revoke-signalplus-api-fake-teams-attack), cointelegraph.com, 2026-11-05 - [Loopscale halts operations after 30,000 daily malicious API requests](https://crypto.news/loopscale-halts-operations-after-30000-daily-malicious-api-requests/), crypto.news, 2026-11-05 - [Core Scientific to quit Bitcoin mining by year-end as AI business surges](https://cointelegraph.com/news/core-scientific-to-quit-bitcoin-mining-by-year-end-as-ai-business-surges), cointelegraph.com, 2026-11-05 - [Keel (KEEL) Sells Entire Bitcoin Treasury for $192 Million, Will Sell BTC Daily](https://bitcoinmagazine.com/news/keel-sells-entire-bitcoin-treasury-192m), bitcoinmagazine.com, 2026-11-05 - [Samsung Wallet launches USDC accounts on Solana for US Galaxy users](https://www.theblock.co/news/business/2026-11-05-samsung-wallet-launches-usdc-accounts-solana-us-galaxy-users-434523), theblock.co, 2026-11-05 - [Europe's largest asset manager Amundi tokenizes equity index fund on Ethereum](https://cointelegraph.com/news/amundi-tokenizes-european-equity-index-fund-ethereum), cointelegraph.com, 2026-11-05 - [Zcash's landmark NU7 upgrade goes live, speeding up private payments](https://www.coindesk.com/tech/2026/11/06/zcash-s-landmark-nu7-upgrade-goes-live-speeding-up-private-payments), coindesk.com, 2026-11-06 - [Base deploys Denim upgrade on mainnet, replacing Flashblocks with 200ms block times](https://www.theblock.co/news/ecosystems/2026-11-05-base-deploys-denim-upgrade-on-mainnet-replacing-flashblocks-with-200ms-block-times-434433), theblock.co, 2026-11-05 - [IREN's bitcoin mining revenue drops 58% as firm plans full exit by year-end](https://www.theblock.co/news/business/2026-11-05-irens-mining-revenue-drops-435783), theblock.co, 2026-11-05 - [Google could take stake in bitcoin miner TeraWulf's $19 billion AI project if Anthropic defaults](https://www.coindesk.com/tech/2026/11/05/google-could-take-ownership-stake-in-bitcoin-miner-terawulf-s-ai-project-if-anthropic-defaults), coindesk.com, 2026-11-05 Every number names its provider and date. Not financial advice.