Cointime reports: A whale who built a $148 million long position in crude oil has begun cutting losses after the trade fell $15.08 million underwater, on-chain analyst Yu Jin monitored on Nov. 5. In the past 10 minutes the trader closed $44.04 million of CL longs, realizing a $4.9 million loss. The position was accumulated over roughly two weeks before crude prices plunged 14% this week. The whale still holds $94.79 million in BRENTOIL, with an unrealized loss of $8.35 million.
Cointime update: Arkansas has filed a lawsuit against prediction market platform Kalshi, alleging that its operations constitute illegal gambling and cause mental harm. The action makes Arkansas the latest state to take legal steps against Kalshi, adding to a growing list of states pursuing litigation against the platform.
Cointime reports: US spot Bitcoin and Ether ETFs together pulled in $128 million as crypto markets rebounded following the midterm elections. Fidelity led Bitcoin ETF inflows, while BlackRock’s IBIT shed another $201 million, extending its outflow streak to four trading sessions. The mixed flows show investors rotating among issuers even as fresh money entered the funds.
Cointime reports: Democrats have secured majorities in both the Senate and House, winning 54 Senate seats and 228 House seats. Control of the digital-asset legislative agenda will shift from Republicans to Democrats when the new Congress convenes in January 2027. Industry critics Elizabeth Warren, Sherrod Brown and Maxine Waters are expected to chair key committees, likely stalling the CLARITY market-structure bill while attention turns to investigations of the Trump family’s World Liberty Financial.
Cointime update: The 2026 World Internet Conference Wuzhen Summit concluded on Nov. 5, drawing more than 1,800 guests from over 130 countries and regions under the theme of open-source openness and shared development, with a focus on AI open-source. The Internet Light Expo featured 671 companies and institutions from 54 countries, showcasing over 1,000 new products and technologies, and drew a record single-day attendance of more than 20,000. The Digital Economy Industry Cooperation Conference collected 116 signed projects, with contract value exceeding 100 billion yuan for the fourth consecutive year.
Cointime update: Sharetronic Data announced it signed a joint financing lease contract with Wuju No. 16 and Xinzhi Zhisuan No. 2, structuring the deal as a direct lease with a financing amount of 5.72 billion yuan and a term of 66 months. The company is also pledging its accounts receivable as collateral for the debt.
Cointime update: Huawei’s HarmonyOS PCs have surpassed 1 million units in shipments, Zhu Dongdong, president of Huawei’s terminal tablet and PC product line, said at the HarmonyOS office industry summit. The platform’s standalone ecosystem now hosts more than 21,000 applications, he said.
Cointime update: Weibo CEO Wang Gaofei said at the World Internet Conference Wuzhen Summit’s internet entrepreneurs forum that an entrepreneur’s personal IP is a long-term trust asset built through technical sharing, product philosophy and accountability, not just personal traffic. He warned against three pitfalls: promotion without communication, reasoning without empathy, and attitude without action. Users want real explanations, interactive feedback and respect, he said.
Cointime update: CFTC Chairman Mike Selig announced on Nov. 3 that single-stock perpetual futures are cleared to trade on US regulated exchanges under joint CFTC and SEC oversight. Kalshi began offering contracts on Amgen, McDonald’s, Qualcomm and Costco with up to roughly 4.9x leverage the same day. The products are classed as security futures under the Commodity Futures Modernization Act, requiring venues to hold both DCM and national securities exchange registrations.
Cointime update: Binance has completed a 98% backfill of assets stolen in a hot wallet incident and expanded its proof-of-reserves snapshot to 44 tokens, the exchange said. Coinbase stated it was unaffected by the Binance hot wallet event and that more than 99% of customer assets are held in cold storage. France’s National Assembly passed an amendment requiring declaration of self-custodied crypto assets above €100,000.
Cointime update: Li Auto said it has no airbag recall and that recent text messages telling owners their vehicles are subject to one are fraudulent. The messages, sent in the name of the automaker, ask recipients to complete procedures via an attached link within two hours and threaten to void warranty service if they do not. Li Auto said the recall claim is fabricated, the texts are not official notices and the links are not its website.
Cointime update: Crédit Mutuel Arkéa has resumed operations after a cyberattack in which attackers accessed its systems through a service provider’s platform. The French bank said customer funds were unaffected and is now assessing losses from the incident. No further details on the scope or financial impact were disclosed.
Cointime update: OpenAI’s automated vulnerability research pipeline identified 2,308 candidate Linux kernel flaws and confirmed 1,724 through dynamic reproduction, generating 948 local privilege escalation (LPE) exploits that let unprivileged users gain root access. The second full scan cost about $1.21 million in API credits. OpenAI is submitting the findings and patches to Linux kernel maintainers, and third-party kernel experts confirmed the agent used 10 previously unseen exploitation techniques.
Cointime update: BYD and vivo formally signed a strategic cooperation agreement in Shenzhen, the automaker said. The two companies will deepen collaboration on cross-device AI integration, phone-to-vehicle connectivity, digital car keys and in-car fast charging. No financial terms or timeline were disclosed.
Cointime update: Guangdong Power Artificial Intelligence Experimental Research Institute Co. increased its registered capital from 10 million yuan to 150 million yuan, a 1,400% rise. New shareholders include China Energy Engineering Group Guangdong Electric Power Design Institute, Inner Mongolia Power (Group), Yunnan Aluminium and Shanghai AI Laboratory. The company, founded in April 2025 with legal representative Lu Zhiliang, is now jointly held by China Southern Power Grid Digital Grid Group and the new shareholders.
Cointime update: A shooting at a Citigroup office complex near Tampa, Florida, on the 4th left two people dead and four injured, the Hillsborough County Sheriff’s Office said. A suspect drove into a dining area below the complex and opened fire with a rifle on a woman, Deputy Chief Frank Losat said; the gunman died after exchanging fire with a security guard. The four injured are being treated in hospital.
Cointime update: MetaX’s wholly owned subsidiary MetaX Digital (Shanghai) Technology has joined Tianjin Lisixin Shen Equity Investment Partnership as a partner. The move marks a reversal of roles: Lisix Capital, now the fund’s GP, had previously invested in MetaX as a GP. Other Chinese chipmakers including ChangXin and JCET are also appearing as LPs in primary-market funds.
Cointime update: Brazilian crypto exchange Mercado Bitcoin said on Nov 5 that it will begin a phased restoration of its platform from Nov 9, starting with website access so users can view balances, statements, assets and investments. Transfers, withdrawals and trading will reopen module by module after final security verification. The exchange reiterated that customer assets will not suffer losses and that it will compensate affected assets with its own funds. Over $15 million in related assets has been frozen, up from $12.9 million previously, with cooperation from Tether, Circle, Paxos, BRL1, Chainalysis and crypto community experts.
Cointime reports: Bitcoin’s share of short-term holder supply in profit has dropped to about 38% from 97.5% in early October, Glassnode said, as a roughly 10% pullback from September highs washed out speculative gains and flushed excess long leverage. The on-chain data firm said the largest short liquidation cluster now sits near $87,000, while spot price is retesting the August breakout zone around the $77,700 True Market Mean and $75,700 short-term holder cost basis.
Cointime update: Binance and Polymarket are seeking a Polygon hard fork to recover $6.8 million in stolen crypto. Polygon block producers have already frozen the stolen tokens, but the proposed hard fork would allow the funds to be recovered and returned to their owners.