Cointime update: Canton’s CC token rose 4% after SEC staff issued a no-action letter treating CC earned by running infrastructure and applications as a digital commodity. The letter provides relief for that activity but is not a binding ruling on CC’s legal status. The move marks a partial regulatory signal for the Canton network’s token.
Cointime update: BitGo has launched Global Markets, an institutional trading and financial solutions business headed by former NYDIG executive Pete Janney. The new unit expands the crypto custodian’s offerings for institutional clients into trading and related financial services. BitGo did not disclose further details on the business’s scope or launch timeline.
Cointime reports: A Polymarket trader topped the prediction market’s leaderboard with $917,000 in winnings after Democrats swept the US midterms. The payout remains contingent on Alaska, which could still flip and alter the final outcome. The trader’s position capitalized on the Democratic wave across the midterm elections.
Cointime reports: Zach Pandl of Grayscale said the record $6.3 billion Binance hack may prove a “temporary setback” for crypto, pointing to institutional custody safeguards as markets recovered some losses. The hack is the largest on record by dollar value. Pandl’s comment came as crypto markets pared part of the losses triggered by the breach.
Cointime reports: A DeFi 201 explainer outlines how decentralized finance operates as a connected protocol system, tracing the links between DEXs and AMMs, liquidity pools, lending markets, yield aggregators, oracles, derivatives and DAO governance. It highlights where composability between these components creates systemic risk.
Cointime update: Tron founder Justin Sun has filed a sanctions motion in the U.S. District Court for the Northern District of California against WLFI, the Trump family crypto project, accusing it of delaying litigation by disclosing foreign entities only months into the case. Sun, who invested $45 million, says WLFI froze about 595 million unlocked tokens worth roughly $107 million. A hearing is set for Dec. 10.
Cointime update: A Nova Scotia judge has ordered the return of a Bitcoin wallet to the family of William Sandeson, who was convicted in the 2015 murder of fellow student Taylor Samson. The judge found prosecutors failed to establish a link between the cryptocurrency and the killing, clearing the way for the assets to be released to Sandeson’s relatives.
Cointime update: Justin Sun is seeking $264,000 in sanctions against World Liberty Financial over its UAE disclosure, with a hearing set for Dec. 10. Sun plans to refile his token-freeze lawsuit in California state court once the sanctions motion is resolved.
Cointime reports: Bitcoin ETFs recorded $1.16 billion in outflows, which Bitwise’s André Dragosch attributed to weaker market sentiment. Dragosch said institutions have largely maintained their exposure, framing the selling as short-term rather than a structural exit.
Cointime update: Morgan Stanley said it has converted US equities and Treasurys into tokenized form through DTCC’s new tokenization service, making it one of the first banks to use the platform. The move places the bank among early adopters of DTCC’s infrastructure for bringing traditional securities on-chain.
Cointime reports: Attackers behind the Binance exploit have moved 81% of the stolen Solana (SOL) and are routing the funds through THORChain after the cross-chain protocol resumed swaps. The laundering activity follows the restart of THORChain swaps, which the attackers are using to obscure the trail of the stolen assets.
Cointime reports: The number of MiCA-licensed crypto custodians in Europe grew more than fourfold over the past year, from 50 to 230, Tiger Research said. Tokenized real-world assets rose 85% to about $39.8 billion this year and stablecoin market cap grew over 50% in 2025 to top $300 billion, driving custody demand. Anchorage, BitGo, Agora and Catena are pursuing OCC national trust bank charters to move into stablecoin issuance, settlement and asset management.
Cointime update: Democrats swept both chambers of Congress in the US midterm elections on November 4 Beijing time, flipping six Senate seats and winning 234 House seats. In Ohio, Democrat Sherrod Brown defeated Republican Jon Husted with 48.8% to 46.3%, despite roughly $63 million spent by crypto-affiliated PACs and donors against him. Bitcoin briefly fell below $76,000 before the results, then rose past $78,000.
Cointime reports: Bitcoin fell to a seven-week low of $75,618, with 24-hour crypto long liquidations approaching $300 million. The move came as Democrats swept Congress. The price later bounced from that low.
Cointime reports: Tron’s ecosystem has spent more than $120 million on token buybacks and burns across JST, SUN, BTT and WIN, the network’s four core assets. JST has completed five burn rounds totaling 19.01% of supply, with over $100 million funded mainly by JustLend revenue. BTT and WIN completed first burns of 2.18% and 6.74% of supply, while SUN has run 52 rounds totaling 3.44%. JST is up over 318% since buybacks began.
Cointime update: Ethereum researcher Justin Drake said the network aims to complete its post-quantum and post-AI transition by December 2028, a year ahead of the previously discussed timeline. Drake described the 2028 target as a “hope” rather than a firm commitment. The transition would harden Ethereum against quantum computing threats.
Cointime reports: French bank Crédit Mutuel Arkéa has been exploited for more than $133 million. He said he has a “high degree of confidence” that the attacker is not associated with North Korea’s Lazarus Group, ruling out the state-linked hacking collective as the perpetrator of the incident.
Cointime reports: Democrats have claimed control of the US Senate, a shift that could alter the path for the CLARITY Act, reshape committee leadership and bring closer scrutiny of President Trump’s crypto businesses. The change in Senate leadership puts crypto legislation and oversight of Trump-linked digital asset ventures on a new footing.
Cointime update: Former Democratic Sen. Sherrod Brown has won back his Senate seat, defeating Jon Husted in a result that deals a blow to the crypto political action committee Fairshake. The outcome leaves the industry-backed PAC, which had spent heavily on races, without a win in the contest.
Cointime update: Block Inc. shares rose 6% in after-hours trading after the company raised its full-year gross profit forecast to $12.63 billion, a figure that would represent 22% year-on-year growth. The upgraded outlook was issued alongside the company’s latest results.