Latest Crypto News & Market Updates

ZetaChain proposes Solana migration, L1 halt on December 9

ZetaChain has proposed shutting down its Layer 1 blockchain on December 9 and moving its native ZETA token to Solana, alongside plans to launch a private artificial intelligence platform called ZetaLabs.　　The project announced on November 4 that Governance Proposal 2 would determine the migration arrangements, including token conversion, holder protections and the networks shutdown. Voting closes November 7 at 16:12 UTC, and the proposed changes cannot proceed unless token holders approve them.　　“Nothing moves until it passes,” the ZetaChain team said.　　The proposal follows a September governance decision in which 99.4% of participating votes supported moving ZETA to Solana. That earlier vote approved the direction of the migration but left implementation details for a second proposal.　　ZetaChain sets December 9 for proposed Solana migration　　Under Proposal 2, ZetaChain would record existing token balances at block 20,755,000, expected around December 9. The snapshot would include liquid holdings, staked tokens, unbonding balances and unclaimed staking rewards.　　The existing blockchain would permanently stop producing blocks at the snapshot height, with Solana becoming the network hosting native ZETA.　　On Dec 9, $ZETA becomes a native Solana token and ZetaLabs launches: private AI on Solana, with ZETA as the token behind it.　　Governance Proposal 2 is live on ZetaHub. It sets the

8 hours agoIndustry

James Wynn Doubles Down on Bitcoin Crash Call Despite Fresh ETF Inflows

US spot Bitcoin (BTC) exchange-traded funds (ETFs) took in $74.57 million on November 4, the first trading day after the US midterm elections. Crypto trader James Wynn bet the other way, hours after three of his bearish bets were forcibly closed.　　The buying was not one-sided. Fidelity‘s FBTC drew $237 million, while the other funds together lost about $162 million, according to SoSoValue figures. Bitcoin’s climb that day lifted ETF holders and forced Wynn out of his shorts.　　Sponsored　　Sponsored　　How Bitcoins Rebound Wiped Out Wynn 3 Times　　Wynn trades on Hyperliquid, a crypto exchange where every position is public. He uses perpetual futures, contracts that let traders bet on price moves with borrowed money.　　At 40x leverage, each $1 of his own money controls $40 of Bitcoin. A move of about 2.5% against him can erase his stake. The exchange then closes the bet automatically, a step called liquidation.　　Hyperliquid records show that happened three times on November 4. His shorts were closed at $78,244, $79,361, and $80,677 as Bitcoin recovered from an overnight Bitcoin drop. The closures cost him about $1,940.　　Within 20 minutes of the last one, he began rebuilding a short near $80,430.　　“Bitcoin is going a lot lower FYI,” he said.　　Sponsored　　Sponsored　　How Close Is Wynns

9 hours agoIndustry

Thailand to block Bitget in December over unlicensed crypto trading

Thailands securities regulator has filed a criminal complaint against BG Limited, the operator of cryptocurrency exchange Bitget, for allegedly operating without a license.　　Thailand‘s Securities and Exchange Commission (SEC) said Thursday that it had notified the Ministry of Digital Economy and Society to block access to Bitget from Dec. 5. The restriction will cover Bitget’s website, other associated domains and its mobile app.　　The regulator advised users to take action regarding assets held on the platform before the deadline.　　According to the SEC, Bitget offered crypto trading services between 2022 and 2025, charged trading fees and promoted its services through Thai-language websites and social media channels. The regulator said these activities violated Thailands digital asset business licensing requirements.　　The regulator filed the complaint with Thailands Economic Crime Suppression Division for investigation. Prosecutors will decide whether to bring charges, while courts will determine criminal liability.　　Thailands Ministry of Digital Economy and Society has authority to restrict access to unlicensed crypto trading platforms under a 2025 decree aimed at protecting investors and combating financial crime.　　Bitget did not immediately respond to Cointelegraphs request for comment.

9 hours agoIndustry

South Korea seeks 4th crypto tax delay, targets 2029 start

South Koreas government has backed postponing tax on cryptocurrency gains by another two years to 2029, in what would be the fourth delay to its implementation.　　Finance Minister Lee Hyoung-il announced the proposal Thursday, saying the government would consult lawmakers on postponing the January 2027 implementation date.　　The tax would impose a 22% levy, comprising a 20% income tax and 2% local tax, on annual crypto gains exceeding 2.5 million won ($1,860).　　The government cited 2029 as the start of information exchange with the US under the Crypto-Asset Reporting Framework (CARF). It said imposing the tax before those exchanges begin could put the domestic market at a disadvantage relative to overseas markets. It also wants to account for changes under planned digital asset legislation.　　Officials also said they plan to introduce a three-year loss carryforward provision, allowing investors to offset crypto losses against profits earned over the following three years. The government plans to submit amendments to improve the tax system during parliaments regular session in 2027, with detailed tax guidelines planned for the first half of 2028.　　The tax was originally scheduled to take effect in January 2022 but was subsequently postponed to 2023, 2025 and 2027.　　The proposal reverses the governments previous position. A

9 hours agoIndustry

TRM Labs: KYC for AI Agents Must Start With the Human Behind Them

North Korean hackers stole around $6.3 billion from Binance last week after tricking employees through a fake job interview. They even exploited an internal AI tool. Most of the money was gone within 20 minutes.　　The Binance hack exposed how quickly criminals can move billions. Meanwhile, as AI agents begin making payments themselves, financial institutions face another question: who is responsible when software controls the money？　　At Merge Madrid, TRM Labs executive Guillaume Rodenas offered a surprisingly simple answer.　　“I think as long as you can actually verify the principal, so essentially the one who controls the agent who has the mandate, I think youre probably in a good position.”　　Essentially, verify the person or company controlling the AI agent. Its transaction history can then help establish what it did on their behalf.　　But Who Pays When AI Makes a Mistake？　　“Thats obviously kind of the million-dollar question, right？” Rodenas admitted.　　He suggested developers could bear responsibility for software bugs. Users also need to understand the financial protocols they use.　　Decentralized autonomous organizations (DAOs) make accountability even harder. Rodenas linked this uncertainty to why Europes MiCA regulations have largely excluded fully decentralized finance.　　Meanwhile, criminals are already moving faster than traditional security teams.　　TRM Labs estimates that North Korea accounted

9 hours agoIndustry

Democrats reportedly seek greater SEC control over crypto after CLARITY Act collapse

House Democrats are reportedly discussing a broader crypto market structure bill built partly on Rep. Maxine Waters earlier investor-rights proposals.　　Related Law CLARITY Act: US Digital Asset Market Structure United States · Passed　　According to a Nov. 4 post by journalist Eleanor Terrett, the proposals include a larger SEC role, a smaller CFTC role, and more government ethics restrictions.　　Industry sources who spoke with Democratic staff form the basis of that account, and the bill text remains unpublished. Waters 2025 amendment shows what customer rules a Democratic framework could carry, and the September CLARITY compromise shows how much of that ground the Senate text already covered before cloture failed 49-50 on Sept. 15.　　Waters proposal　　Amendment #31, a nine-page text from July 2025, would have imposed duties on exchanges, brokers, custodians, and other retail-facing digital asset firms. Withdrawals and transfers would be due within 24 hours, except in cases of documented good-faith fraud.　　Firms would join SIPC if eligible or fund an equivalent customer-asset protection arrangement, hold customer assets in segregated, bankruptcy-remote accounts, and obtain affirmative, revocable consent before rehypothecating, lending, or staking them.　　Cryptographically verifiable proof of reserves would include a licensed accountants monthly attestation.　　Crypto customer orders would take priority over proprietary orders under best-execution practices,

10 hours agoIndustry

Bitcoin Adoption Expands as Moscow Exchange Prepares December Trading Launch | Bitcoinist.com

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure　　Bitcoin Adoption could gain another important milestone as Russias largest securities exchange moves closer to introducing direct cryptocurrency trading through its established financial infrastructure.　　Moscow Exchange has published new details about its planned December 1 launch, confirming that Bitcoin, Ethereum, and USDT will be among the first supported digital assets.　　While the launch date was announced earlier, the latest update provides a clearer picture of how transactions will be executed, cleared, and settled.　　We believe the development highlights a broader transformation: Bitcoin is increasingly being integrated into the financial systems that once operated almost entirely without cryptocurrencies.　　Moscow Exchange Brings Bitcoin Into Traditional Finance　　On November 2, Moscow Exchange announced that it plans to introduce what it describes as Russias first organized digital-currency market.　　The platform intends to use its existing stock-market technology rather than building an entirely separate trading system.　　Transactions will be processed through the National Clearing Centre, the exchange groups established clearing infrastructure.　　Investors will also have access to same-day and next-day settlement arrangements, alongside swap transactions designed to support liquidity management.　　According to the official Moscow Exchange announcement, the initial trading schedule will run from 6:50 a.m. to 11:50 p.m. Moscow time.　　For Bitcoin,

10 hours agoIndustry

Bitcoin win rate vs. S&P 500 recovers as post-midterm history favors stocks

Bitcoin (BTC) has outperformed the S for most of the past year, Bitcoin lost more sessions than it won,” Glassnode wrote in the latest edition of its regular newsletter, The Week Onchain.　　“A return to an even split ends a long stretch of underperformance. Should the win rate climb above 50% and hold there, it would show Bitcoin regaining strength against equities.”BTC/USD vs. S&P 500 per-session returns. Source: Glassnode　　Glassnode added that Bitcoins average per-session gains were also “slightly higher” than those of the S&P 500.　　Historical data favors stocks after Democratic midterm sweeps　　Democrats wins in the US midterm elections have also drawn attention to historical stock market gains following similar results.　　Data from crypto asset manager Capriole Investments shows that Democratic sweeps of Congress under Republican presidents have historically been followed by strong S&P 500 returns.　　Related: Bitcoin hits $80.5K as US stocks rally on midterm election results　　Of the 26 midterm elections since 1922 (excluding this years vote), Democrats won both the House and Senate under a Republican president seven times. The S&P 500 gained an average of 10.7% over the following three months.　　Average gains were 17.5% after six months and 15.5% after a year.　　“There is simply no better election result for markets than

10 hours agoIndustry

The £221 Million Scam Epidemic Hiding on Social Media

A scammer no longer needs to break into your bank account to steal your money. An investment advert on Instagram or a convincing WhatsApp message can be enough to persuade you to send it yourself.　　That shift is showing up in the UKs fraud figures. Investment scams cost UK victims £221.5 million in 2025, up 40% from the previous year, according to UK Finance. Total fraud losses approached £1.3 billion.　　Losses from scams in which people authorised the payment rose 19%, while fraud involving payments taken without permission fell 5%.　　That leaves payment firms trying to stop transfers their own customers insist are legitimate.　　Chet Shah, CEO of Wirex Limited, the UK-regulated payments arm of Wirex, told BeInCrypto that much of the problem begins outside the banking system.　　UK Fraud Statistics. Source: UK FinanceThe Scam Is Often Over Before the Money Moves　　According to UK Finance, 66% of authorised push payment (APP) scam cases begin online. Wirex saw a similar pattern in the first half of 2026, when social media investment scams were its most common fraud type.　　“Were seeing that fraud is moving away from theft and towards deception, and a lot of that comes from investment scams that start on social media, which was the

11 hours agoIndustry

TRUMP Crypto: Trump Media Moves $344M in BTC to Crypto.com

TRUMP crypto ventures came under fresh pressure after Trump Media moved 4,259 BTC, about $344 million, out of wallets holding its convertible-note collateral and into a Crypto.com-linked address. This happened a day after the TRUMP memecoin hit a record low.　　Lookonchain flagged the transfer at 03:00 UTC. The blockchain shows two transactions, of 2,140.04 BTC and 2,119.31 BTC, confirmed in block 974,613 at 02:17 UTC.　　The move lands in a bad week for every Trump-linked asset. After Tuesday‘s US midterm elections went the Democrats’ way, the TRUMP token, World Liberty Financial‘s WLFI and Trump Media’s stock all fell, even as Bitcoin climbed back above $80,000.　　The question traders are asking is simple: are the Trump businesses selling their Bitcoin？ The blockchain answers part of it.　　Is Trump Media dumping $BTC？　　Trump Media transferred 4,259 $BTC ($343.67M) to https://t.co/uXlOLXEpBd 40 minutes ago.https://t.co/b8FnEmGpPh pic.twitter.com/A3yEfMmhuf　　— Lookonchain (@lookonchain) November 5, 2026　　DISCOVER: Bitcoin Back Above $80,000 as $468 Million of Shorts Get Wiped Out: Can BTC Clear Its Pre-Hack High？　　Is Trump Media Selling Its Bitcoin？　　The amount is the first clue. Trump Media‘s second-quarter 10-Q says 4,260.73 BTC served as collateral for its convertible notes, with restrictions lifted “no later than” May 29, 2028. Thursday’s two transfers add up to 4,259.35

11 hours agoIndustry

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