Derivatives
Taxes
South Korea wants to delay its 22% crypto tax again and give investors a new break on losses
The government now backs a 2029 start and a three-year loss carryforward, while the existing January 2027 timetable remains in place pending legislation.
Hacks
India warns AI-assisted hackers are stealing crypto wallet keys
The CRAFTY FALCON campaign targets financial firms’ own infrastructure, while crypto service providers face stolen wallet keys and siphoned funds.
Macro
Treasury’s cash plan points to a possible December liquidity window for Bitcoin
Treasury’s November 4 plan frames a possible December respite, while tax receipts and a projected January cash peak complicate the reserve case.
ETF
Bitcoin ETFs take in $75 million as Fidelity inflows outweigh BlackRock withdrawals
Four funds attracted money on November 4, with FBTC leading inflows while IBIT remained the sole fund recording withdrawals.
Mining
Riot’s $28 billion AI lease gives Anthropic a veto on voluntary power cuts
Anthropic controls voluntary cuts to its leased load at Corsicana; mandatory grid orders are exempt, and rent depends on phased delivery.
AI
Are you getting the AI you paid for? Anthropic’s new AI verification tool has a costly catch
FlashProve could help verify model computation, but its benchmark takes roughly 70 to 95 times the GPU work of ordinary inference.
Lending
Kamino links most of CEO’s KMNO vesting to valuation while holders have no foundation revenue claim
The CEO’s vesting incentive and a $20 million growth commitment leave capital allocation between foundation earnings and any future holder benefit.
Derivatives
US stock perpetuals win clearance, but stock-market halts can still block exits
Kalshi’s scheduled closures prevent opening and closing positions; Coinbase’s filed halt rules show how stock-linked perpetuals inherit equity-market restrictions.
Mining
Bitcoin miners’ daily revenue per unit of computing power falls 8.7%
Hashprice fell from $35.99 to $32.86 per PH/s/day in the November 2 weekly snapshot; October 30 forwards implied little network growth through December.
Digital Asset Treasuries
Evernorth’s XRP funding plan could raise $18 million less at lower share price
The original full share allowance illustrates $63 million at November 3’s close versus $81 million at October 22’s close, before discounts and expenses. SEC effectiveness satisfies one financing condition.
Exchanges
Binance says thinly traded tokens are delaying full replacement of stolen assets
Binance attributes its last reported 5% replenishment gap to less-liquid assets, while its November 3 withdrawal plan reopens routes progressively.
Hacks
North Korea denies role in $6 billion Binance hack after FBI accusation
Reuters, citing KCNA, reported the denial after the FBI blamed TraderTraitor for stealing more than $6 billion from Binance.
