Cointime update: Arkansas has filed suit against prediction-market platform Kalshi, seeking to stop what the state alleges is illegal gambling. The state is asking for restitution, unpaid taxes and civil penalties. Kalshi is simultaneously pursuing federal appeals against state enforcement of gambling laws.
Cointime update: Polymarket and Binance have proposed a Polygon PoS hard fork that would zero out roughly 70.49 million POL, worth about $6.7 million, held in hacker addresses and credit the same amount to recovery addresses designated by the two firms. The proposal, filed November 5, follows the October 30 compromise of Polymarket’s frontend and Binance’s hot wallet, after which Polygon validators froze four Polymarket hacker addresses holding 23.86 million POL and one Binance address holding 46.63 million POL. Polymarket and Binance are set to defend the proposal at a Polygon Protocol Governance Call at 22:30 Beijing time on November 5.
Cointime reports: China A-share CPO (co-packaged optics) concept stocks reversed early gains on the day, with Linktel Instrument dropping more than 10%. JG Photonics, Hengdong Optics, Zhongji Innolight, Eoptolink, Guangku Technology, T&S Communications and Cambridge Technology each fell over 5% in the pullback.
Cointime update: Canary Capital’s Canary Staked INJ ETF has received Nasdaq approval for listing under the ticker INJC. The fund plans to stake at least 90% of its INJ holdings under normal conditions, with BitGo as custodian. Public trading remains pending until the S-1 registration statement becomes effective.
Cointime reports: House Democrats are discussing expanding Rep. Maxine Waters’ 2025 amendment to the CLARITY Act, the Crypto Investor and Consumer Protection Act, into a broader crypto market-structure bill in the next Congress, crypto reporter Eleanor Terrett said on X, citing three industry sources briefed by Democratic staff. The proposal would fold in Waters’ earlier unadopted Democratic CLARITY version and Senate Democratic provisions agreed with Republicans before September’s cloture vote, and could give the SEC a larger crypto oversight role while narrowing the CFTC’s, plus ethics limits on Trump and other federal officials’ crypto activity.
Cointime update: Democrats intend to investigate President Donald Trump’s cryptocurrency business once they take control of Congress, with Jamie Raskin and Robert Garcia expected to lead the House Judiciary and Oversight committees. Hakeem Jeffries, set to become House Speaker on January 3, has promised to unveil an agenda within 100 hours of taking office, also covering Medicaid cuts, tariffs and the Iran war. Trump has said he will veto everything.
Cointime reports: USDC accounted for 79% of total stablecoin transaction volume in the third quarter, up from 66% a year earlier, Circle said on its earnings call. On-chain USDC volume reached $13.9 trillion, up 49% year over year, while quarterly minting and redemption hit a record $208 billion. The CPN payment network’s annualized volume was $41 billion at quarter-end, roughly 15 times higher year over year, and has since surpassed $58 billion with 205 financial institutions onboarded.
Cointime update: The Digital Chamber said Sherrod Brown’s election victory is the “most consequential unfavorable result” for the crypto industry, warning that Democrats will reorient the crypto policy debate toward stronger consumer protections and regulatory accountability. The group’s assessment signals a tougher policy environment ahead for digital assets as Democratic lawmakers take a more enforcement-focused stance.
Cointime update: Crédit Mutuel Arkéa has confirmed it suffered a cyberattack after on-chain investigator ZachXBT flagged $133 million in suspected losses. The French bank did not confirm the exact amount lost but validated the order of magnitude of the $133 million figure. The disclosure follows ZachXBT’s public flagging of the suspected losses.
Cointime reports: Boeing and ServiceNow are among the issuers objecting to the OKX–ICE stock trading venue, leaving eight of the venture’s 63 originally proposed symbols without a disclosed opt-out. The objections bring the total number of issuers opposing the listing plan to 62. The venue, a joint effort by OKX and Intercontinental Exchange, has not commented on the opt-outs.
Cointime update: Binance will restore withdrawal services for additional assets starting at 04:00 UTC on November 5, the exchange said. The announcement did not specify which assets would be affected or the reason for the earlier restriction. Users will regain access to withdrawals for the additional assets from that time.
Cointime reports: Wallets linked to Trump Media sent 4,259 BTC to Crypto.com, equal to about 30% of the bitcoin treasury the company disclosed as of July 31. Arkham labeled both sending wallets as convertible-note collateral, indicating the transfer is tied to the company’s convertible debt arrangements.
Cointime update: Researchers at the Chinese Academy of Sciences’ Institute of Physics have prepared a series of amorphous halide solid electrolytes, xNaBF₄–ZrCl₄, using low-cost NaBF₄ and ZrCl₄ precursors via a one-step mechanochemical method. The material achieves a room-temperature ionic conductivity of 1.01 mS/cm, and an all-solid-state sodium battery assembled with it cycled stably for 400 cycles over 2.5–4.2 V while showing strong low-temperature capacity retention.
Cointime reports: The Hang Seng Tech Index climbed more than 5% on the day, with shares of AI chipmaker Iluvatar CoreX gaining over 10%. NetEase and Meituan each advanced more than 8%, leading the tech-heavy gauge’s rally.
Cointime update: India’s cybersecurity agency has warned that a threat actor is escalating an AI-assisted hacking campaign targeting crypto exchanges and other financial firms, with attacks unfolding at what it described as ‘machine speed.’ The agency did not name the exchanges or firms affected. The warning flags AI-driven threats to crypto trading infrastructure as a growing security concern for the sector.
Cointime reports: The Chamber of Digital Commerce said Sherrod Brown’s election victory is the “most negative outcome” for the crypto industry, warning that his priorities on financial stability, consumer protection, bank regulation and illicit finance could shape the Democratic Party’s overall stance on digital assets. The advocacy group’s assessment was reported on November 5.
Cointime update: The Federal Energy Regulatory Commission has approved bitcoin miner MARA Holdings’ acquisition of the Long Ridge natural gas generation asset, in docket EC26-92. FERC rejected a market monitor protest tied to BlackRock and Vanguard and declined to condition approval on the plant continuing to supply PJM. The deal carries an enterprise value of about $1.512 billion for roughly 0.5 GW of gas capacity and about $144 million in annualized adjusted EBITDA, with an outside date of Nov. 30.
Cointime update: The Ethereum Foundation has laid out a fork-by-fork plan to deliver Lean Ethereum by 2029 under its “Strawmap” roadmap. Fork H* will be the last without Lean features; I* introduces leanVM and Lean transactions; J* adds Lean proofs, data availability sampling and PCS; and the L stage completes Lean Ethereum.
Cointime update: ZetaChain said ZETA will migrate to Solana as a native token on Dec 9, with the privacy-focused AI app ZetaLabs launching the same day and using ZETA as its core token. A second governance proposal, now voting on ZetaHub until Nov 7, sets the migration mechanism, timing and holder protections. If passed, the ZetaChain L1 will halt around Dec 9, ZETA will migrate 1:1 with mint authority permanently revoked, and holders need take no action.
Cointime reports: ARK Invest bought a combined 348,406 shares of SpaceX (SPCX) across three actively managed ETFs on November 4, with ARKK taking 224,483 shares, ARKQ 63,478 and ARKW 60,445. The firm also sold Bullish (BLSH) stock in ARKK, ARKW and ARKF, and trimmed Alphabet (GOOG) in ARKK and ARKQ. ARKK separately added Twist Bioscience and Pacific Biosciences while cutting Tempus AI and Eli Lilly.