Crypto Markets & On-Chain Ecosystem Developments

Hong Kong's Legislative Council enacted the Inland Revenue (Amendment) (Crypto-Asset Reporting Framework and Amended Common Reporting Standard) Bill 2026 on November 4. The law requires crypto-asset service providers to collect transaction data starting in 2027, with automatic exchanges of tax

According to Bitcoinist, on the morning of November 3, Bitcoin traded near $76,990, approximately $3,821 above its 200-day moving average. This marks a significant shift: at each of the previous three U.S. midterm election days (2014, 2018, 2022), Bitcoin was still trading below that level. The rev

According to BlockBeats, on Nov 4, the largest short address on Hyperliquid added approximately $7.62 million in short positions between 12:29 and 18:03 (Beijing time). The address now holds combined shorts totaling approximately $36.18 million across two Anthropic-related contracts, making it the s

FinChain and Plume announced on November 4 the launch of FLEX & FINO, an on-chain real-world asset yield enhancement strategy targeting up to 7.2% annualized returns. The product combines FinChain's interest-bearing FUSD token, backed by US Treasury securities, with additional returns from

According to federal court filings from the U.S. District Court in Northern California, Sun Yuchen and co-plaintiffs are seeking sanctions against World Liberty Financial and its legal team for $264,000 in attorney fees and costs. The plaintiffs allege the company made false disclosures regarding it

J.P. Morgan outlined developments in Solana's tokenization market in a recent tweet. The announcement highlighted the launch of money market funds and tokenized Swiss gold on the blockchain platform, alongside credit supply reaching record levels. Solana is a blockchain platform known for high

During U.S. midterm election vote counting on November 3-4, WLFI dropped as much as 11.3% before partially recovering to finish down 5.1%. Bitcoin meanwhile recovered its losses during the same period.

According to Scroll's official governance forum announcement on November 3, the Ethereum Layer 2 project proposed upgrading its protocol to transition from a permissionless general-purpose network to a permissioned network focused on privacy AI applications. The SCR token will migrate to the Ethereu

According to SlowMist, the organization co-hosted the '2026 HK Institutional RWA & Stablecoin Forum' on November 2 with JunHe LLP during Hong Kong FintechWeek. The closed-door event brought together industry leaders and institutional stakeholders to discuss real-world assets and stablecoin

According to Global News, Nova Scotia Supreme Court Justice John Bodurtha ruled on Tuesday that a laptop containing a Bitcoin wallet should be returned to the family of William Sandeson, a convicted killer serving a life sentence for a 2015 murder. Justice Bodurtha found prosecutors had failed to pr

Aave launched collateral swaps for its V4 markets across Ethereum, Base, and Avalanche. The feature allows users to swap collateral from one asset to another without closing their positions. The functionality aims to enhance flexibility and efficiency for participants in decentralized finance. Aave

According to Aave's official announcement, the protocol has launched collateral swaps on its V4 markets across Ethereum, Base, and Avalanche. The new feature allows users to swap collateral from one asset to another without closing their positions, powered by CoWSwap integration. This enhancement

Hong Kong's Legislative Council has passed a crypto asset reporting framework. Service providers will begin collecting specified information in 2027, with the Tax Bureau planning to exchange information with partner jurisdictions

According to Odaily, Changxin Storage surged 12.3% in 24 hours, now trading at 6.618 USDT.

Block, the payments company owned by Jack Dorsey, agreed in principle to pay $764 million to resolve a U.S. Department of Justice investigation into alleged anti-money laundering control failures. The company disclosed the proposed deferred prosecution agreement in its quarterly filing yesterday. Th

According to its SEC filing yesterday, Block agreed in principle to pay $764 million to resolve a federal investigation into alleged anti-money laundering compliance failures. The proposed deferred prosecution agreement with the U.S. Department of Justice would defer charges for three years; prosecu

Consensys launched Sovereign Network Interoperability, a significant upgrade aimed at improving institutional connectivity in blockchain technology. The milestone marks the culmination of a decade of development on tools like Besu and Linea, enabling institutions to connect seamlessly with the

Uniswap launched its StablePair Hook on XLayer, a feature designed to enhance value capture for liquidity providers through dynamically adjusting fees based on market conditions. The launch aims to increase profitability for LPs by optimizing fee structures in real time. As decentralized finance con