vert

According to The Block, the New York State Department of Financial Services has issued new guidelines for advertising and marketing requirements for licensed cryptocurrency entities in the state, which include avoiding misleading or deceptive content. Acting Superintendent Kaitlin Asrow stated in a press release that today's guidelines reinforce the commitment to protecting New York residents and ensure that advertising and marketing practices in the virtual currency space are clear, comprehensive, and accessible.The New York State Department of Financial Services announced on the same day that these guidelines apply to virtual currency entities licensed or chartered by the department, requiring them to establish and implement policies and procedures for advertising and marketing materials related to virtual currency products, services, and activities, with a focus on content accuracy, clear disclosures, and governance and review processes. Relevant entities must update their policies and procedures according to the guidelines by May 10, 2027, review them at least once a year, and maintain records for regulatory inspection. The Department of Financial Services will assess the implementation and effectiveness of these policies and procedures through examinations and ongoing supervision.Common practices listed in the guidelines include: reviewing marketing claims to ensure they fairly present products, services, or activities, are supported by evidence and verifiable, and do not contain exaggerated or false statements about performance or regulatory status; customer disclosures should be clear, prominent, easily understandable to the general audience, and clearly identify the entity providing the products, services, or activities; establishing governance review processes for advertising and marketing materials, designating responsible parties, conducting due diligence on third-party promoters, and promptly monitoring and addressing instances of fraudulent or improper use of their name or brand by others.

Bitcoin News posted on the X platform that residents of Miami-Dade County can now pay property taxes online or offline using Bitcoin.Third-party payment service providers will automatically convert Bitcoin into US dollars before the funds enter the county government's account, so the county government will not hold Bitcoin; this payment method is optional.

Grayscale announced the launch of the investor education platform Zcash Invest and placed a cover advertisement in the print edition of The Wall Street Journal to promote Zcash and its Zcash ETF (ZCSH). This promotional campaign will also cover channels such as outdoor advertising, streaming media, and social media.Grayscale plans to use all the initiation fees collected in the first year for ZCSH as an exchange-traded product (ETP) to support the development, promotion, and education of the Zcash network, and plans to provide $1 million in funding to relevant nonprofit organizations and projects.The first $400,000 has been granted to the Zcash Foundation, Pretty Good Policy for Zcash, Shielded Labs, and Project Tachyon, with each receiving $100,000.

According to blockchain analysis company Elliptic, as of November 6 at 16:45 Beijing time, approximately 1,650 BTC (about 124 million USD) related to the Binance theft incident has entered new Bitcoin addresses, nearly double that of the previous day. The newly added portion mainly comes from exchanging XRP for Bitcoin through THORChain: hackers transferred 233 million XRP into 6 new addresses on November 2, of which about 42 million (approximately 50 million USD) has been withdrawn, leaving about 192 million (approximately 226 million USD). In addition, a small amount of ETH was also exchanged for Bitcoin through THORChain on the evening of November 5.

According to The Defiant, on-chain analytics company Elliptic stated that the Binance hacker has begun to exchange the stolen XRP, with approximately 50 million dollars' worth of XRP mostly converted to Bitcoin through THORChain. As of November 6, 16:45 Beijing time, about 226 million dollars' worth of XRP has not yet been transferred.Elliptic reported that the Bitcoin obtained from exchanging other stolen assets has reached about 1,650 coins, valued at approximately 124 million dollars, nearly doubling from the previous day, with the increase mainly coming from XRP exchanges. This portion is separate from the directly stolen 18,270 BTC, which, along with the main ETH holdings, has not yet been transferred.

French crypto journalist and co-founder of The Big Whale, Grégory Raymond, stated that the French cooperative bank Crédit Mutuel Arkéa suffered at least $133 million in fraud, with funds being transferred to a crypto trading platform and then moved. This information was disclosed overnight by on-chain investigator ZachXBT, and Raymond indicated that he had been following the matter since the previous day.Raymond cited sources close to the case, stating that the transferred assets were not crypto assets directly held by the bank, but rather fiat currency, which was then converted into crypto assets for transfer. The source described this method as unprecedented and characterized it as an organized network relying on a large number of mule accounts, with funds flowing to multiple trading platform accounts, including Crypto.com. Raymond contacted the bank around 6 PM Paris time the previous evening, and they responded that they could not confirm the relevant information at this stage and did not provide further comments.According to the anonymous source, Arkéa realized its involvement later and was unprepared to respond. Raymond wrote that due to the bank's lack of official confirmation, the trading platforms and stablecoin issuers failed to freeze the funds in time. ZachXBT pointed out on Sunday that an unnamed European entity had transferred over $106 million in USDC and USDT, and on Tuesday raised the estimated amount to $133 million, with some transfers occurring after the initial warning. ZachXBT expressed high confidence in ruling out the involvement of North Korea's Lazarus group and estimated that if the incident had been reported quickly, over $30 million could have been frozen.

According to monitoring by Lookonchain, the Mercado Bitcoin hacker has sold various altcoins including PEPE, AAVE, UNI, ONDO, and ENA, and has converted all the obtained assets into ETH. Currently, the hacker holds 7,988 ETH, worth approximately 18.19 million USD.

Raagulan Pathy, co-founder and CEO of the stablecoin payment platform KAST, posted on X in response to emails regarding the conversion of user points into KAST Pioneer Units. He stated that the company's available expressions are constrained by regulations in various countries; the plan has undergone a lengthy process with top law firms and received investor approval, with setup costs reaching millions of dollars, and legal opinions obtained from dozens of countries.Pathy confirmed that KAST Pioneer Units will be issued by a special purpose entity associated with KAST, which is currently the practical path for issuance globally, and user points will be converted into these units. The company will arrange regular redemption events but cannot legally promise specific amounts, dates, or guarantee an increase or decrease in value. Users need to accept the conversion as soon as possible, with relevant details expected to be announced in the app in early December.Regarding the decision not to issue tokens, Pathy stated that historically, no projects in the crypto card and new banking sector have delivered tokens whose prices did not decline; tokens often do not align with community interests, and founding teams and investors can often exit, while token holders bear the volatility and price downturns. He mentioned that not issuing tokens means the team and investors do not have that option, and their rights remain locked in equity; he himself has only net purchased KAST equity and has never sold. He believes that issuing tokens contradicts the goal of building a company worth over $100 billion and considers Pioneer Units to be a more long-term outcome.

According to Catcher Predict monitoring, in the market prediction for the "Raptors vs. Clippers" event on Polymarket, the "Yes" option in the sub-market "Overtime?" experienced a dramatic fluctuation in winning probability, soaring from 20.5% an hour ago to the current 50% (a fluctuation of 29.5%). Please note the impact of related breaking news.

Du Jun posted on platform X, stating that family offices that were advised to allocate BTC and ETH years ago, after experiencing theft from centralized exchanges and security incidents in cold wallet supply chains, have all converted their BTC into IBIT, and some have sold their crypto assets to buy physical gold and other traditional assets.Du Jun expressed that he does not know how to persuade these family offices, and currently, there seems to be no solution.

Uniswap posted on platform X, stating that applications that charge fees will earn revenue in the tokens used by users for transactions, but most applications only wish to receive one type of token, such as stablecoins, ETH, or the project's own token. Through TJAR, any team can achieve this.

Alphabet (GOOG.O) executives stated that they are expanding AI-based advertising to international markets.

The Wall Street Journal has published full-page paid advertisements in the past two days, themed "YOUR STOCK. THEIR TOKENS. YOUR PROBLEM." The Chinese expression is a reminder to CEOs of publicly listed companies: your stock, their tokens, your problem, warning the public about the risks of stock tokenization.The advertisement is funded by the American conservative nonprofit organization Common Sense Leadership Fund, warning that the cryptocurrency industry will tokenize company shares in unregulated venues and listing eight major risks: pricing divergence, ownership ambiguity, impaired capital raising, cyber theft, market manipulation, AML loopholes, lack of investor protection, and potential legal liabilities.Previously, a total of 22 companies, including Microsoft, Goldman Sachs, McDonald's, and Alphabet, have expressed opposition. The related documents outline the rules of the collaboration project between OKX and the Intercontinental Exchange (ICE) and list the companies that have opposed it, but do not specify the exact reasons for their opposition.

According to Catcher Predict monitoring, in the market prediction event "Arsenal FC vs. Everton FC - More Markets" on Polymarket, the "Over" option for the sub-market "Everton FC O/U 3.5" has experienced a dramatic fluctuation in win probability, soaring from 11.1% an hour ago to the current 29.25% (a fluctuation of 18.15%). Please note the impact of related breaking news.

According to Bitcoin Magazine, payment company Block has launched its first Bitcoin advertising campaign aimed at the general consumer, titled "Bitcoin Does," targeting approximately 60 million American users who are curious about Bitcoin but have yet to take the first step. The campaign is led by Maria Pesce, Block's head of Bitcoin marketing, who is responsible for Bitcoin-related marketing across three business lines: Cash App, Square, and Proto.Maria Pesce stated that the advertisements intentionally skip over the science of mining and blockchain principles, directly showcasing how Bitcoin can be used in real-life scenarios. She mentioned that the related creative ideas came from customer research: one Square merchant referred to Bitcoin as "a more honest currency," while topics such as inflation, relief, and private equity formed the narrative backdrop of the advertisement films. Additionally, fixed supply, self-custody, and the choices of younger users are also key points of communication.Block also set up an interactive installation called "Lightning Lake" at the ComplexCon event, where participants could fish for Bitcoin and complete payments through the Lightning Network. Square currently charges a 0% processing fee for Bitcoin transactions, and Block hopes to make the experience of using Bitcoin as commonplace as sending an email.

The super political action committee Digital Freedom Fund, initiated by Gemini co-founders Cameron Winklevoss and Tyler Winklevoss in 2025, submitted documents to the Federal Election Commission on Tuesday, reporting for the first time advertising expenses exceeding $81,000 to support Republican candidate Ken Paxton's campaign for the Texas Senate seat, while opposing Democratic candidate James Talarico. Early voting in Texas began on October 19, with Election Day on November 3.As of September 30, the PAC has raised approximately $34 million, and its expenditures are not limited to Texas. Documents show its involvement in the Ohio Senate race between Republican candidate Jon Husted and Democratic candidate Sherrod Brown, bringing its total support for Husted to about $7 million. Another crypto industry PAC, Fairshake, also reported over $13 million in direct mail advertising expenditures this week, with approximately $9 million supporting Husted and over $4 million opposing independent candidate Dan Osborn in the Nebraska Senate election.These expenditures indicate potential support for candidates who favor crypto policies and legislation. Prediction contracts from Kalshi and Polymarket suggest that Democrats are favored to regain majority control of the House and Senate by 2027, and the majority party in both chambers will influence the legislative process for bills like the Digital Asset Market Structure Act, which failed to pass procedural voting in the Senate last month. Paxton previously defeated incumbent Senator John Cornyn in the May Republican primary, receiving over $500,000 in advertising support from the Fellowship PAC, backed by Anchorage Digital and Cantor Fitzgerald, with the funds executed through the Nxum Group co-founded by Bo Hines.

Netflix's U.S. stock fell 6.1% in pre-market trading after its fourth-quarter profit forecast fell short of expectations, and the company lowered its full-year advertising revenue forecast.