Cointime reports: DAI.e, the Avalanche Bridge version of DAI, has broken its $1 peg and repriced to about $1.10 in active DEX pools on Avalanche, Blockaid said on X on November 6. The move puts the bridged stablecoin roughly 10% above its intended $1 target.
Cointime update: Floki said on November 6 that it is investigating an exploit that occurred that day and has taken its related bot services offline while it works to protect remaining user funds and identify affected users. Affected users will be migrated to new secure wallets, with remaining funds transferred to them. Floki warned users not to deposit into bot wallets until further notice and to move any funds from exported private keys to wallets they fully control.
Cointime update: Lombard Systems, formerly SemiLiquid, has raised a $4 million seed round led by Ethereal Ventures, with ALPS Capital, First Commit, Veris Ventures and ATKA participating. The company provides financing infrastructure for tokenized securities and maintains the Delivery-versus-Lock (DvL) standard, which lets banks, brokers and transfer agents accept tokenized and digital assets as collateral without moving them out of existing securities accounts.
Cointime update: Core Scientific plans to stop Bitcoin mining by the end of the year and become a pure-play data center provider in 2027, the company said. Mining now accounts for just 7.5% of its quarterly revenue, reflecting the company’s shift toward AI and high-performance computing hosting. The former mining heavyweight is repositioning its infrastructure around data center services as demand from AI customers surges.
Cointime update: LlamaRisk, Aave’s risk manager, plans to cap how much can be borrowed from the lending protocol over set periods, CEO Adam Sadowski said, six days after a wallet tied to the Binance hack drew a $44.6 million ETH loan from Aave. The move would introduce time-based borrowing limits on the DeFi lender.
Cointime update: Mira released Sterling, a beta inference service that continuously tests API providers for model identity, tool calls, parameter execution, silent failures and context length, routing requests only to providers that pass verification. In a four-month study of 189 API endpoints, Mira found 37 undisclosed model or service changes across 29 endpoints. Sterling offers unified API-key access to Claude, GPT and Gemini at up to 50% below list price during launch, payable in USDC via x402 or MIRA tokens.
Cointime reports: Silver Lake and Saudi Arabia’s Public Investment Fund are in talks to acquire Unity Software, the game engine maker. No deal terms, offer price or timeline were disclosed. Unity’s engine underpins a large share of mobile and indie game development, making any takeover a significant event for the gaming and interactive-tech sector.
Cointime update: Reth’s maintainers released a high-priority upgrade fixing a state root bug, and Base instructed node operators to move to v1.5.3. Base said it had recomputed its state root and found it correct, adding that users were not affected by the issue.
Cointime reports: Chinese banks including Bank of Nanjing have launched promotional offers on gold accumulation account trading fees, with the lender advertising fees as low as 10% of standard on its app. The moves follow sharp swings in gold prices, with domestic accumulation gold prices rebounding after falling back to the 800-yuan-per-gram range, drawing some investors back in. Some banks have also introduced pending-order functions that execute automatically at target prices.
Cointime reports: American Bitcoin, the Eric Trump-backed miner, reported $126 million in quarterly net income, driven largely by gains on its Bitcoin holdings. The profit came despite rising mining costs and shrinking margins, as rival miners increasingly pivot toward AI. The company has not disclosed further operational details.
Cointime reports: Bitcoin dropped below $79,000 on [date], trading at $78,980. The move came as the 24-hour change remained positive at 0.38%, indicating volatility around the level. Traders were advised to manage risk amid the price swings.
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: Paradigm’s Justin Slaughter said the CLARITY Act is dead and outlined a crypto bill House Financial Services staff are reportedly drafting. He said the draft could impose stricter DeFi rules and shift more of the industry’s oversight from the CFTC to the SEC, adding that DeFi “needs to be watching this very closely.”
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 reports: Crypto exchanges across Asia are tightening security measures in response to a feared wave of potentially AI-assisted hacks, even as regional governments move to embrace tokenization and stablecoins. The heightened precautions come as hacking incidents surge across the region. No specific exchange, incident or loss figure was disclosed.
Cointime update: Paraguay’s president has resigned after the collapse of Ueno left millions of Paraguayan depositors locked out of their funds, a bank failure that hit 60% of the country. The episode has revived Bitcoin’s self-custody argument, with supporters citing the depositor lockout as evidence for holding funds outside the banking system.
Cointime update: Blue Origin now plans to resume launches of its New Glenn rocket in January, pushing back the flight after a destructive launch pad explosion in May. The company has spent the past six months rebuilding the pad at Cape Canaveral, Florida, and reworking parts of its launch operations. New Glenn is central to carrying hardware for the lunar lander Blue Origin is developing under NASA’s Artemis program.
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 reports: A US index tracking cryptocurrency and crypto-related stocks closed down 11.17% at 47.31 points, hitting a session low of 45.09 at 23:54 Beijing time after a sharp early decline. Over the past 24 hours spot bitcoin fell 5.35% to $75,859, sliding as semiconductor and AI-related shares were sold off after the US open, while spot ether dropped 7.63% to $2,232.877.