Cointime update: China’s State Administration for Market Regulation has approved the release of a national standard, the Technical Specification for Special Protective Performance of Eye and Face Protectors, developed under the Ministry of Emergency Management. The standard targets risks in smelting, casting and cutting operations, covering hazards including UV and infrared radiation, molten metal, droplets and flowing liquids, dust particles and thermal radiation, and sets unified technical requirements and test methods for protective performance.
Cointime update: Nasdaq-listed Canton Strategic Holdings (CNTN) said issuer-backed tokenized common shares traded for the first time on Nov. 4 on TSV LLC, a tokenized securities platform on the Canton Network. The company called them the first tokenized US equity trades under the SEC’s innovation exemption framework introduced Sept. 17. Five North sold to DRW Cumberland, with Flowdesk providing liquidity via Tradecraft AMM’s permissioned pool and atomic settlement on Canton.
Cointime update: Former FBI agent Patrick Yaroch is due to plead guilty on Thursday in federal court in Alexandria, Virginia, to stealing about $1 million in digital assets from crypto wallets tied to an adversarial nation, prosecutors said. Yaroch is scheduled to appear before Judge Patricia Tolliver Giles in the Eastern District of Virginia, and prosecutors say he used ChatGPT to plan a move to Portugal.
Cointime update: China’s State-owned Assets Supervision and Administration Commission (SASAC) held a video meeting on Nov. 4 to convey and implement the spirit of the Fifth Plenary Session of the 20th Central Committee of the Communist Party of China, calling for faster cultivation of emerging and future industries to build a modern industrial system. The meeting urged effective investment, more basic research funding, implementation of the 15th Five-Year Plan, and a penetrative supervision system for state-owned enterprises.
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 update: China’s State Council financial work report, delivered by PBOC Governor Pan Gongsheng on Nov. 3 to the NPC Standing Committee and published Nov. 5, calls for supporting Central Huijin Investment in playing a quasi-stabilization fund role. The report also pledges to broaden medium- and long-term funding sources and market entry channels, and to safeguard stable operations in stock, bond and foreign exchange markets.
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 reports: American Bitcoin reported a third-quarter net profit of $126 million. Separately, an analyst counted 51 U.S. senators now backing crypto, pointing to a cross-party trend, while Polymarket data showed 98.4% of favored options in settled U.S. midterm markets were correct. F2Pool co-founder Wang Chun sold 6,200 wstETH and moved the funds to Binance.
Cointime update: Crédit Mutuel Arkéa confirmed the scale of the theft first flagged by ZachXBT, saying attackers used the bank’s own accounts to transfer funds to other banks and possibly converted them to crypto via specialist platforms. The bank said no customer accounts were affected and that the intrusion came through a service provider’s platform, not its online bank Fortuneo. The incident is contained and most operations resumed on the morning of Nov. 5.
Cointime update: South Korea’s Financial Services Commission will introduce a cornerstone investor system for initial public offerings to curb post-listing selloffs, the regulator said Tuesday after the government approved the plan. Institutional investors committing to lock up shares for at least six months will receive early allocation under the rules, which take effect November 13 alongside amendments to the Capital Markets Act. The FSC said pre-pricing stable, long-horizon institutional buyers should bolster IPO confidence and ease the so-called IPO pricing problem.
Cointime update: Dunamu, the operator of crypto exchange Upbit, proposed improving the inheritance protection regime for virtual assets at the 2026 National Assembly Legislative Expo in Seoul, where it ran a booth for two consecutive days under the slogan “safely pass digital asset value to the next generation.” The proposal focuses on protecting users’ virtual assets promptly after death and making it easier for heirs to locate them. Dunamu said inheritance remains a blind spot in institutional protection.
Cointime reports: CoinShares research head James Butterfill said Bitcoin has largely priced in a sweeping Democratic win in the Nov. 3 U.S. midterm elections and has room to rebound as uncertainty clears, adding that the expected outcome need not trigger another selloff. He warned the bigger concern is slower crypto reform, with the Clarity Act facing a harder path and probes into Trump-linked businesses potentially draining political capital. U.S. crypto stocks, especially exchanges and token issuers, may be more sensitive than Bitcoin, he said.
Cointime update: South Korea’s Financial Services Commission announced on Nov. 5 that it will draft new guidelines requiring virtual asset service providers to notify the Financial Supervisory Service and the Financial Security Institute immediately upon discovering a security incident. Currently such firms only report to the Korea Internet & Security Agency. The FSC also plans a Digital Financial Security Act, targeting legislation by Q1 2027, to apply security rules comparable to the Electronic Financial Transactions Act to crypto firms, insurance agencies and lenders.
Cointime reports: The Digital Chamber said the current version of the Clarity Act will expire when the 119th Congress ends on January 3, 2027, after Democrats won control of both chambers in the midterm elections. Passing crypto market-structure legislation in the next Congress would require resubmission and fresh negotiation, and Senate approval typically needs 60 votes. Analysts expect a restarted bill to include stricter compliance standards, stronger consumer protections and tighter DeFi oversight.
Cointime update: Coinbase Institutional said on Nov. 5 that more than 99% of customer assets are held in cold storage, one of five measures it outlined for safeguarding client funds. The exchange said all customer assets are held 1:1 and are never lent or used without client instruction, and that its U.S. custodian is bound by New York fiduciary law while its European business operates under MiCA authorization supervised by Luxembourg’s CSSF. The post also cited distributed key protection, rate limits, anomaly detection and emergency stop switches.
Cointime reports: Democrats won control of both chambers of Congress in the midterm elections, creating new political headwinds for the crypto industry. Stand With Crypto said 19 crypto-friendly senators and 226 House members were elected, alongside 8 anti-crypto senators and 106 anti-crypto representatives. Coinbase US policy vice president Kara Calvert said bipartisan legislation will face resistance next year, though crypto remains a bipartisan issue. In Ohio’s Senate race, crypto PAC Fairshake spent heavily against Democrat Sherrod Brown, who defeated Republican Jon Husted.
Cointime reports: Crypto super PACs spent more than $176 million on the 2026 midterms, but the Democratic sweep of Congress raises the prospect of tougher scrutiny of the industry. The spending figure underscores the sector’s heavy political investment even as the election outcome shifts the legislative landscape. Crypto PACs are now eyeing a “new map” for 2028.