Cryptoccino — Thursday 05 November 2026

Trump Media shifts roughly $344M in BTC to Crypto.com On-chain data shows Trump Media moved the bulk of its Bitcoin treasury to Crypto.com custodial addresses as its stock touched an all-time low in the wake of the Democratic sweep. The timing has drawn scrutiny given the company’s deteriorating equity performance and the size of the transfer relative to its disclosed holdings. coindesk cryptobriefing

Bitcoin holds above $80,000 with DeFi tokens leading the rebound BTC staged a V-shaped recovery from an overnight plunge driven by election uncertainty, clearing $80,000 again and holding there as equities also stabilised. Zcash outperformed, jumping 12%, partly on the back of its grants committee cancelling a contentious plan to redirect 98,000 ZEC into future mining rewards. coindesk theblock

Spot BTC ETF flows diverge sharply, with IBIT shedding $201M Overall spot Bitcoin ETF net inflows were positive at around $75M for the day, but BlackRock’s IBIT recorded a $201M outflow while Fidelity’s FBTC saw $237M in fresh buying. The divergence suggests some rotation away from the flagship product rather than a broad retreat from the asset class. cryptobriefing cryptobriefing

THORChain’s RUNE up 10% as North Korean wallets resume laundering Binance loot On-chain analysts flagged resumed movement of funds linked to the recent $6.3B Binance breach through THORChain, sending RUNE higher as traders speculated on volume-driven fee income. The optics for the protocol are uncomfortable given ongoing industry pressure to restrict state-actor access to cross-chain bridges. coindesk

Morgan Stanley tokenises US equities and Treasuries through DTCC’s new service Morgan Stanley says it is among the earliest banks to convert domestic equities and government bonds into tokenised form via the DTCC Tokenisation Service, which now has around 20 Wall Street participants. The move is a signal that post-trade infrastructure is shifting onchain in a material way, independent of any single blockchain’s fortunes. theblock decrypt coindesk

Schroders brings an actively managed emerging-market debt fund to Solana The $1 trillion-plus asset manager partnered with Centrifuge to launch a tokenised version of its emerging-market bond strategy on Solana, expanding the range of institutional-grade onchain products. It is a notable vote of confidence in Solana’s settlement layer for regulated asset managers. theblock coindesk

Circle posts $865M in Q3 revenue but quietly cuts 5% of its headcount The USDC issuer beat estimates on transaction volume, though reserve income slipped 8% as interest rates stabilised, and $9.1M in restructuring charges accompanied the layoffs. The combination of strong top-line performance and a workforce reduction points to management optimising for a leaner pre-IPO structure. theblock coindesk decrypt

Blockaid raises $40M after the Binance breach puts security spend in focus The Web3 security firm secured $40M in new funding commitments in the immediate aftermath of the $6.3B Binance hack, reflecting renewed investor appetite for transaction screening and threat-detection infrastructure. For context on the hack itself, see Security Desk. cryptobriefing

Crédit Mutuel Arkéa confirms a cyberattack tied to $133M in suspected crypto losses The French retail bank acknowledged the breach and validated the rough scale of the $133M figure flagged by ZachXBT, while stopping short of specifying that the losses were crypto-denominated. Investigators are still assessing the full scope; no arrest or attribution has been made public. theblock coindesk decrypt

Binance tracked assets recover $3.4B in two days as withdrawals resume post-hack On-chain data shows Binance’s total tracked assets climbed back significantly after the exchange reopened withdrawals following its $6.3B breach. Coinbase took the opportunity to remind customers that over 99% of its assets sit in cold storage and that it was unaffected. cryptobriefing theblock decrypt

XRP Ledger patches a bug allowing approved token burners to mint new supply The flaw meant addresses granted burn permissions could also create fresh tokens, a capability well outside their intended scope. The fix has been deployed; no evidence of active exploitation was disclosed. coindesk

White House staff devices found running residential proxy software Security researchers identified multiple White House-associated IP addresses enrolled in residential proxy networks, including one operated by a Russian firm previously linked to 2016 election-infrastructure attacks. The affected staff appear unaware their internet addresses are being rented out. krebsonsecurity

Democrats signal immediate investigations into Trump and Big Tech Within hours of calling the midterm results, incoming Democratic committee chairs warned tech CEOs to retain counsel and prepare for subpoenas, with Trump’s business dealings also cited as an early target. The posture suggests the new Congress plans to use oversight aggressively rather than wait to legislate. cointelegraph_regulation

France advances a self-custody reporting requirement for holdings above €100K An amendment cleared a committee stage that would require French taxpayers to disclose self-custodied crypto worth roughly $112,000 or more. The measure still needs to survive the full budget process, but it marks a notable regulatory direction for a G7 economy. cointelegraph_regulation

CFTC clears stock perpetuals, faces a lawsuit the same day The CFTC gave Kalshi the green light to offer perpetual contracts on US equities, only to see a fresh legal challenge filed before the ink dried, adding to an already growing pile of suits against the prediction market platform. The regulatory path for event and derivative products remains live and contested. coindesk decrypt

Canton Coin gets an SEC no-action letter as tokenised stock trading clears a first milestone SEC staff confirmed they view Canton Coin as a digital commodity and will not recommend enforcement action over its minting process. Separately, Canton Strategic Holdings’ CNTN became the first tokenised US stock to trade under an SEC exemption, a week after DTCC launched its tokenisation service partly on the Canton Network. decrypt cryptobriefing

What else is grinding?

• Block faces a $764M DOJ settlement while its Bitcoin-related profit dropped by half year-on-year, a rough combination for Jack Dorsey heading into a tougher regulatory environment. coindesk
• MARA Holdings moved 1,650 BTC worth around $132M to Galaxy Digital, Copper and other counterparties, continuing a shift away from pure hodl mode. cryptobriefing
• Ethereum’s core developers published a roadmap toward a ‘Lean Ethereum’ architecture by 2029, targeting post-quantum readiness through a phased fork schedule. cryptobriefing
• Justin Sun filed a $264K sanctions motion against World Liberty over undisclosed UAE dealings, with a California state court hearing set for 10 December. cointelegraph_defi
• Jupiter held the top DEX aggregator position for an eighth consecutive quarter in Q3 2026, though competitors are narrowing the gap according to new data. cryptobriefing
• A Nova Scotia judge ordered a Bitcoin wallet returned to the family of a convicted murderer after prosecutors failed to establish a sufficient link between the funds and the underlying crime. decrypt

Last sip. French Hill’s race is still uncalled, and whoever sits in that chair will inherit a very different Washington than the one that wrote the Clarity Act.