Cointime update: Zilliqa said on November 5 that it will transition from a standalone Layer 1 to an Ethereum Layer 2 aimed at regulated institutions, to be called Zilliqa Institutional Layer. ZIL will remain the network’s sole token, and holders need not take action for now. The team cited insufficient usage and ecosystem growth, declining funding and liquidity, and recent security incidents as reasons, and said technical details on the impact on holders, exchanges and stakers will be published before the migration.
Cointime update: China Resources Longdike’s Zhimeihao Cybersecurity and the Global Cybersecurity Alliance Limited (GCSA) announced on November 5 the establishment of an “AI and Cybersecurity Research Center” in Hong Kong. The center will conduct joint research on AI anti-fraud, cyber threat detection, digital financial security and cybersecurity automation, exploring technologies including AI anti-fraud honeypots, intelligent fraud identification and threat intelligence analysis. GCSA focuses on security challenges in emerging fields such as AI, Web3 and digital finance.
Cointime update: Uranium Digital, a tokenized uranium trading protocol, has closed a $16.5 million Series A round led by Blockchain Capital, with existing investors Portal Ventures and Apeiron Investment Group participating. The round closed last month and the proceeds will go toward expanding its electronic trading platform. Founded in 2024, the company uses blockchain to track ownership of physical uranium held in storage facilities and to give institutions a venue to buy and sell the metal.
Cointime update: SignalPlus said on Nov. 5 that a cyberattack in the early hours of Nov. 4 caused total losses of less than $82,000, with affected users to be fully reimbursed. The attackers took over a third-party vendor contact’s Telegram account, sent a fake Microsoft Teams meeting invite and infected an engineer’s device to breach the internal network. SignalPlus said it blocked the attack, had partner exchanges disable all associated API keys and paused services for a security review, expecting a phased restoration within days.
Cointime update: Polygon governance proposal PIP-93 would consolidate its existing security council and multisig structure and let Polygon Labs propose bridge and staking contract upgrades through a separate multisig, subject to a 7-day delay. The new security council would have 11 signers from 10 institutions with an 8-of-11 threshold, able to cancel queued transactions and propose and immediately execute changes. A Polygon Labs operations multisig with a 5-of-9 threshold could not bypass the upgrade delay. The proposal remains a draft, with details due at a November 5 governance call.
Cointime update: GoPlus Security warned on Nov. 5 that multiple iOS self-custody wallet users have reported stolen assets, including several Trust Wallet users and one Uniswap Wallet user, with reported losses of about $561,000. GoPlus’s SEAL security team suspects the incidents may be linked to recent cyberattacks targeting iOS, with attackers allegedly exploiting unpatched vulnerabilities in older iOS versions to steal private data and gain unauthorized access. GoPlus urged iPhone users to update to the latest iOS version and check for malicious apps.
Cointime update: The Global Cybersecurity Alliance (GCSA) said its ecosystem products now serve more than 380 million users worldwide, and that its GCSA Agent achieved a 91.3% success rate on the CyberGym Level 1 benchmark. The alliance said it has partnered with the University of Hong Kong to establish an AI and cybersecurity research institute, and with AETDEW to set up a related research center. GCSA also said it has developed dozens of in-house security products covering threat intelligence, asset mapping, AI auditing and edge and infrastructure protection.
Cointime update: Coincheck suspended new cryptocurrency withdrawal requests and cancelled some pending ones after an external on-chain analytics service failed, the Japanese exchange said on Nov. 5. Processing delays for deposits and withdrawals began at 00:04 JST. Cancelled requests have been returned to user balances, while deposit delays continue. Coincheck said there was no unauthorized access or security incident affecting user assets, and custody holdings remain secure pending system recovery.
Cointime reports: Bitcoin ETFs recorded a net outflow of 14,117 BTC, worth about $1.12 billion, over the past seven days, while Ethereum ETFs saw a net outflow of 177,044 ETH, valued at roughly $422.75 million. On a single-day basis, Bitcoin ETFs turned to a net inflow of 208 BTC, about $16.56 million, and Ethereum ETFs took in 16,825 ETH, about $40.18 million.
Cointime update: Google is backing Anthropic’s $19 billion, 20-year data center lease with bitcoin miner TeraWulf, covering 401 megawatts of computing capacity at a Kentucky site. If Anthropic misses rent payments or goes bankrupt, Google can take over the lease or pay a termination fee and receive partial equity in Raylan Data, the TeraWulf subsidiary operating the project — not in listed TeraWulf itself. Capacity delivery is expected from late 2027 through Q2 2028.
Cointime update: Samsung Wallet has rolled out USDC stablecoin accounts for eligible US Galaxy users, letting them buy, hold, send and receive USDC directly on Solana without a separate crypto wallet or private-key management. The service, backed by custodian Bastion and Coinbase, is expected to reach about 82 million compatible Galaxy devices in the US. Transfers to other Samsung Wallet users and compatible external wallets are free, credit-card top-ups carry a 4% fee, and New York residents are excluded for now.
Cointime update: Alibaba Cloud expects its data center IT capacity per unit area to double to 9 kilowatts per square meter by March, up from 4.5 kW/sqm now, global data center general manager Wang Zhaoyang said on November 5. The unit said it raised resource density from 0.8 kW/sqm to 4.5 kW/sqm over the past two years through high-rise, intensive design. The remarks came as Alibaba released its 2026 AI for Good action report.
Cointime reports: A wallet possibly linked to a hacker moved 4.16 million DAI to buy 1,734.1 ETH on Nov. 5 after more than three years of inactivity, then deposited the ETH into Tornado Cash, Lookonchain monitoring shows. The transaction reactivated a long-dormant address and routed the purchased ether through the crypto mixing service.
Cointime update: Keel Infrastructure sold 2,520 bitcoin in the third quarter for $192 million, including all 2,261 of its reserve holdings and 259 coins mined during the period. As of September 30 the company’s bitcoin holdings were negligible. Keel said it will sell bitcoin mined at its Quebec operations on a daily basis; formerly known as Bitfarms, it is shifting focus to high-performance computing and AI infrastructure.
Cointime update: The National Bank of Ukraine has refused to back the current version of the country’s crypto legalization and regulation bill, No. 10225-d, saying it lacks necessary regulatory safeguards and could threaten monetary sovereignty, financial stability and economic security. The central bank flagged unregulated foreign tokens entering the Ukrainian market and objected to letting the securities regulator decide how many crypto trading platforms may operate in the first five years. The bill would make the National Securities and Stock Market Commission the main crypto regulator and impose a 5% transition tax on existing crypto assets until end-2028.
Cointime update: Core Scientific reported third-quarter 2026 total revenue of $232.9 million, up about 187% year over year, with high-density colocation (HDC) data center revenue at $215.4 million, a nearly 60% sequential increase. As of Sept. 30, billed colocation capacity reached 485MW, corresponding to more than $700 million in annualized GAAP colocation revenue. Net income was $1.178 billion, driven mainly by non-cash gains from changes in warrant fair value, while adjusted EBITDA was $133.6 million, more than tripling quarter over quarter.
Cointime reports: SkyBridge Capital founder Anthony Scaramucci said Trump’s crypto business and meme coin issuance caused the CLARITY Act to lose Democratic support and weakened bipartisan momentum. He said the meme coins, launched before Trump took office in January 2025, were one reason the bill stalled, and cited disagreement over ethics provisions restricting officials’ crypto holdings. The Senate failed to advance the bill on Sept. 15, with a procedural motion falling 49-50, short of the 60 votes needed.
Cointime reports: DeFi blogger Ignas (@DefiIgnas) said Polymarket’s trading volume has been roughly flat all year despite the recent midterm elections, while active wallets, open interest and trade counts are all declining. Election-related volume is tiny compared with sports and crypto markets and users are mostly speculators, making perpetual futures attractive to Polymarket, he said, adding he would rather the platform improve its prediction-market product and leave perps to HL, Lighter and Variational. Kalshi was excluded from his data due to anomalous wash-trading figures.
Cointime reports: Ether dropped below $2,400 on the latest reading, trading at $2,397.1, even as it remained up 3.37% over the past 24 hours. The move reflects sharp short-term volatility in the ETH price, with market participants advised to manage risk accordingly.
Cointime update: Malacca police arrested 13 people, including 11 Chinese men, one Chinese woman and one Taiwanese man aged 24 to 36, in a raid on a residence at Taman Kota Shahbandar on November 4. The gang allegedly used Telegram, QQ Chat and Soul to lure Chinese victims into trading on a fictitious cryptocurrency exchange with promises of romance and high returns. Police seized 12 laptops, a desktop, 26 phones and a router worth about 50,000 ringgit; the 13 are held until November 8.