Cryptoccino — Friday 06 November 2026

Bitcoin miners flagged oversold after a brutal October. VanEck published a note arguing Bitcoin miners are deeply oversold following a 35% sector rout last month, even as individual names like American Bitcoin reported a $126 million Q3 profit driven by a $197 million mark-to-market gain on its BTC holdings. IREN told a different story: mining revenue dropped 58% as the firm accelerates a full exit from Bitcoin by year-end, with AI cloud revenue up 182% to $200 million last quarter. coindesk theblock coindesk

Canary’s staked INJ ETF debuts on Nasdaq. Canary Capital’s Staked INJ ETF began trading under the ticker INJC, giving investors exposure to Injective’s token alongside staking rewards reflected directly in NAV. Injective rallied on the news, one of the few green spots in an otherwise red session. theblock coindesk

Payward buys AAVE on the secondary market. Kraken’s parent Payward, together with client accounts, acquired an undisclosed stake in AAVE tokens, with the firm signalling it may add more. Neither the size nor the entry price was disclosed, keeping the market left to guess at the strategic intent. coindesk theblock

Hyperliquid Strategies files for CFTC FCM status. The treasury arm of Hyperliquid filed to become a CFTC-registered futures commission merchant, a move that would let it offer HIP-3 perpetuals markets to U.S. customers through regulated rails. The business posted $13.3 million in quarterly revenue and $620.6 million in net income, suggesting it has the balance sheet to support the registration push. theblock coindesk

Anchorage Digital applies for CFTC swap dealer registration. Anchorage has applied to the CFTC for swap dealer status, with plans to offer European-style bitcoin and ether options to institutional clients if the application clears. The move is a direct bet that regulated crypto derivatives infrastructure becomes a core institutional product line. theblock

Samsung Wallet ships USDC accounts on Solana for US users. Eligible U.S. Galaxy device owners can now hold, send and receive USDC on Solana natively inside Samsung Wallet, with no separate crypto app or private key management required. It is the kind of quiet stablecoin distribution that matters more than most product announcements. theblock decrypt

Standard Chartered and SBI back crypto insurer Soter at $23.5 million. Soter closed a $23.5 million round with participation from Standard Chartered and SBI, targeting institutional demand for theft coverage in the wake of the Binance hack. The round included BTC and ETH alongside fiat, an unusual structure that aligns the insurer’s treasury with the assets it is underwriting. coindesk

TraderTraitor’s $6.3B Binance haul: $15 tool, $2.5B in a single transaction. Bloomberg reports the DPRK-linked TraderTraitor group drained $2.5 billion of the total $6.3 billion Binance theft in one hit using a tool that cost roughly $15, compressing their exposure window significantly. Chainalysis separately confirmed stolen funds are moving through Chinese money-laundering networks. SEAL Radar’s post-mortem of the incident report notes the group spent eight weeks embedded inside Binance before execution, following similar dwells of six weeks each at LayerZero and Bitget — a pattern that was detectable. bloomberg_crypto bloomberg_crypto coindesk seal_radar bloomberg_crypto

Mercado Bitcoin breach continued well after the exchange said it was contained. Forensic analysis traced $48.6 million across 11 blockchains and found thousands of customer deposit addresses were still being drained hours after the Brazilian exchange publicly declared the attack stopped on Monday. The gap between the exchange’s public communications and on-chain reality is the story. decrypt coindesk

Binance severs SignalPlus API access over a potential security issue. Binance cut off all API keys for trading platform SignalPlus after identifying what it described as a potential security issue on SignalPlus’s side, and urged users to audit active API permissions. The exchange said its own systems and funds were unaffected. decrypt coindesk

Democrats sweep midterms and immediately signal a broader crypto market structure push. Following a Democratic sweep of the midterms, the incoming majority is reportedly positioning for a wider crypto market structure bill than the stalled Clarity Act, with analysts saying the path for the original legislation has narrowed. Anthony Scaramucci attributed the Clarity Act’s failure in part to disputes over Trump memecoin ventures complicating ethics provisions during negotiations. Stand With Crypto has so far counted 27 of its endorsed candidates among the winners. decrypt cointelegraph_regulation bloomberg_crypto

Hong Kong mandates exchange reporting of customer transaction data to tax authorities. Hong Kong’s legislature passed legislation requiring licensed crypto exchanges to report customer transaction details to the Inland Revenue Department, bringing the jurisdiction into alignment with the OECD’s Crypto-Asset Reporting Framework. It takes effect for the 2026 tax year. coindesk

Thailand moves to block Bitget in December after criminal complaint. Thailand’s SEC filed a criminal complaint against Bitget’s local operator and announced the exchange’s website and app will be blocked from 5 December for operating without a licence. It is part of a broader regional enforcement push against unlicensed offshore venues. cointelegraph_regulation

South Korea seeks a fourth delay to its crypto capital gains tax, targeting 2029. South Korean legislators are pushing to defer the country’s 22% crypto gains tax for a fourth time, now aiming for a 2029 start date after having previously reaffirmed a January 2027 implementation. The repeated delays have made the policy a running credibility problem for the government. cointelegraph_regulation

What else is grinding?

• Zcash’s NU7 upgrade went live, delivering faster private payments, but roughly $16 million in coins sitting in the legacy Sprout pool now face permanent inaccessibility as the old shielded system stops accepting withdrawals. coindesk decrypt
• A Bitcoin developer proposed embedding cryptographic ‘landmines’ that would destroy a quantum attacker’s own funds if they attempt to sweep dormant BTC, framing economic loss as a deterrent where cryptographic hardness alone may eventually fail. coindesk cryptobriefing
• Base activated its Denim network upgrade on mainnet, replacing Flashblocks with a canonical five-blocks-per-second cadence at 200ms intervals. theblock
• World Liberty Financial launched a WLFI token repurchase programme, though with no disclosed size or price range the announcement reads more as governance optics than hard buyback commitment. cryptobriefing
• Arkansas sued Kalshi, joining several other states in arguing the prediction market platform constitutes unlicensed gambling, on the same day Kalshi launched single-stock perpetuals and logged over $300 million in early volume. theblock cryptobriefing
• Paraguay’s president resigned following the collapse of digital bank Ueno, which locked out an estimated 60% of the country’s population from their deposits, handing Bitcoin self-custody advocates a stark real-world case study. decrypt cointelegraph_regulation

Last sip. The Binance funds are moving, the launderers are working, and nobody has yet explained how eight weeks of dwell time went undetected.