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According to The Block, the Financial Stability Board (FSB) urged Turkey to strengthen regulation of crypto assets and stablecoins in four areas.In its second peer review of the country, the FSB called for the establishment of a dedicated stablecoin framework, enhanced financial stability monitoring, strengthened regulation and enforcement, and improved cross-border cooperation and information sharing.

According to the latest data from Glassnode, approximately 35.4% of the Bitcoin supply (7.12 million BTC) public keys are visible on-chain, which is part of what future quantum computers may attack.Among them, address reuse accounts for 25.8%, and exchanges account for 11.6%. The exposure ratio has continued to rise from 24.8% at the beginning of 2021, and the risk exposure under the threat of quantum computing is expanding. Glassnode points out that transferring these tokens to new addresses can eliminate this exposure risk.

Initia posted on platform X to disclose the progress of the security incident investigation, stating that on November 9, attackers exploited leaked GCP keys (used to configure private nodes) to illegally access Initia's infrastructure through a command injection attack, thereby obtaining its GitHub, GCP accounts, and more credentials, and gaining access to the Rollup hosting platform Anvil, which was used to forge 5 IBC withdrawals for Rollup validation, unlocking assets in Initia's L1 IBC hosting account.Approximately $3.27 million in assets was transferred to the attackers' address, while another $2.16 million in stolen funds remains on the suspended L1 and cannot be transferred. After selling the stolen assets on Initia DEX, the attackers withdrew 13,400 TIA, 8,000 USDC.inj, and 597,000 Noble USDC, without transferring any INIT. Initia stated that it plans to fully restore the affected assets and will rebuild the infrastructure in an isolated environment, with the expected restart time being longer than a regular network restart; asset recovery efforts are still ongoing with the assistance of law enforcement and security partners. Previously, it was reported that Initia L1 had suspended operations on November 10 at 14:18.

On November 9, Gate founder and CEO Dr. Han was invited to the headquarters of the F1 Red Bull Racing team in Milton Keynes, UK, to participate in the "Racing the Future Vol.5" series of events and deliver a keynote speech. During this time, Dr. Han engaged in discussions with F1 Red Bull Racing team CEO and team principal Laurent Mekies, exploring global market expansion, technological innovation, and future cooperation directions.The keynote sharing session was opened by Gate Europe CEO Dr. Giovanni Cunti. Following this, Dr. Han delivered a keynote speech titled "New Rules, New Grid: Be Ready for Crypto's New Era," starting from the changes in F1 regulations to discuss the reshaping of the crypto industry under security risks, tightening regulations, and the rapid development of emerging businesses.In the face of industry changes, Dr. Han shared Gate's three major forward-looking layouts: in terms of security, launching the PoSEC fund security proof to enhance the transparency of fund storage; in terms of compliance, continuously promoting global market layouts, with compliance coverage in 81 jurisdictions; in terms of business, expanding financial services such as Gate Pay and Gate Money to promote the integration of digital assets with traditional finance.As the official sponsor of the F1 Red Bull Racing team and exclusive cryptocurrency trading platform partner, Gate also visited the Red Bull Racing factory to gain an in-depth understanding of its technology research and development and racing engineering system. In the evening, a high-profile networking dinner was held, gathering executives from both sides and invited guests to engage in in-depth discussions on technological innovation, global market expansion, and cross-industry cooperation, further deepening the cooperative relationship between the two parties.Disclaimer: This event is for entertainment and social interaction purposes only and does not constitute any offer, solicitation, or recommendation. UK users are not allowed to use Gate services through Gate.com and can only use services provided by Gate UK. Gate will not promote or provide products or services on Gate.com in restricted areas (including the UK).

Renowned trader Ansem posted that he remains optimistic about the long-term development prospects of Hyperliquid, but believes that the next phase of growth is crucial.Currently, most of the platform's growth momentum comes from TradeXYZ, while cryptocurrency trading activity has slowed down, and the existing trader community has not significantly expanded. He hopes that Hyperliquid can reach a broader user base, similar to how Robinhood attracted millions of new users during the retail trading growth period. Collaborating with regulated front-ends like Kraken may help achieve this goal.Ansem believes that Hyperliquid's greater opportunity lies in becoming the underlying liquidity infrastructure for various financial platforms. Compared to its current revenue performance, he is more focused on how much its ecosystem can expand in the coming years.

Keplr Wallet announced that a vulnerability in the Web3Auth infrastructure has led to the leakage of private keys for some Keplr users who logged in via Google or Apple. Users who created wallets using mnemonic phrases or hardware wallets are not affected.Keplr is assisting Web3Auth in protecting the assets of affected users, and related work is ongoing. The handling of staked and locked assets is more complex and will take longer. Some Google or Apple login accounts may show reduced or empty balances due to the aforementioned risk mitigation measures.Keplr reminds users who created accounts via Google or Apple login that they may be affected and should stop transferring new funds to the related accounts, and transfer any remaining liquid assets to accounts created with mnemonic phrases or hardware wallets. Both parties are exploring methods for users to check if their accounts are affected. Users should only trust updates from the official accounts of Keplr and Web3Auth, and ignore private messages and links claiming to "recover assets."

b14g released a security incident review report on October 31, 2026, which pointed out that attackers exploited a compatibility flaw between its staking contract and the native staking contract of the Core network. Through a single transaction, they initiated 99 zero-amount (0 CORE) withdrawal requests to 91 staking orders, resulting in approximately 97.05 million CORE being stolen. This attack did not involve private key leakage, nor did the attackers modify or deploy new b14g contract code.BTC staked through b14g was unaffected and remains locked on the Bitcoin chain. In terms of fund recovery, approximately 68.15 million CORE (about 70.2% of the total stolen amount) was recovered on November 2 through a hard fork of Core, and another approximately 12 million CORE has reportedly been frozen by trading platforms. Regarding user compensation, b14g plans to return the recovered CORE to affected orders in proportion to their original balances within the next 5 to 7 days, while the remaining losses will be repaid through 50% of future Core staking business income, with affected users able to receive payments weekly.

Galaxy Research Director Alex Thorn stated that after the Democratic Party won both houses of the U.S. Congress, significant progress in key digital asset legislation is still expected to be difficult, and the leadership of congressional committees will also change. He mentioned that Elizabeth Warren may become the chair of the Senate Banking Committee, while Maxine Waters is expected to regain control of the House Financial Services Committee.Several Republican lawmakers who support the crypto industry were defeated, but the pro-crypto camp did not suffer a complete loss. According to Stand With Crypto, 19 pro-crypto senators and 226 pro-crypto representatives have been elected. Tracking by Molly White shows that in 12 highly competitive elections, the side supported by crypto and AI political action committees lost 9, but won all in the safer 40 elections.Reports indicate that House Democrats are discussing expanding Waters' previously proposed "Crypto Investor Consumer Rights Act" into a broader crypto market structure bill. Thorn reiterated that no substantial progress is expected in Congress on key digital asset legislation. In the absence of legislation, the SEC, CFTC, and banking regulators have clarified crypto rules within their existing statutory authority, and the Trump administration still has two years to continue advancing related work.

Keystone hardware wallet announced that the Nexus App recently experienced a network attack, causing some users to be unable to use the app normally for a period of time. The team has responded quickly and strengthened server security. According to the current investigation results, no evidence has been found that user assets or personal information have been affected.Nexus App version 1.3.7 has further strengthened security measures and is now available on Google Play, while the iOS version is still awaiting App Store review. The official recommendation is for users to update as soon as possible and to confirm that the app developer is "Yanssie HK Limited" before installation to guard against counterfeit applications. Before the iOS version goes live, users can use third-party wallets supported by Keystone for signing.

The decentralized machine learning network Bittensor announced on Twitter the launch of a quantum-resistant wallet, supporting three post-quantum signature schemes: ML-DSA-65, Falcon-512, and Falcon-1024, with ML-DSA-65 having been standardized by the National Institute of Standards and Technology (NIST). The quantum-resistant wallet supports both cold keys and hot keys, covering operations such as TAO transfers, staking, and validator weight settings.This update also provides an optional automatic key rotation feature: once a user-signed transaction is recorded on-chain, the wallet will automatically switch to a new signing key, and the old key will no longer authorize transactions for that account. The account address, balance, and staking remain unchanged, and there is no need to change the mnemonic phrase each time. The quantum-resistant wallet without key rotation does not require registration, while enabling key rotation requires registration and a one-time permanent lock of 0.2 TAO. Existing wallets can continue to be used, and users can migrate existing funds and stakes to the new account through transfers or cold key exchanges.

Binance co-founder Zhao Changpeng stated that if using the options trading platform SignalPlus on any trading platform, it is recommended to revoke all API keys.Zhao Changpeng mentioned that it is generally not advisable to store API keys on any third-party platform, and Deribit had previously reported related issues.

Coinbase published an article introducing its user asset protection mechanism and stated that it has not been affected by the previous security incident involving Binance's hot wallet. Currently, the platform's system and user funds remain unaffected.Coinbase stated that over 99% of user assets are stored in cold wallets, with hot wallets only retaining a small amount of funds to meet users' daily withdrawal and usage needs, dynamically adjusting the balance based on deposit and withdrawal demands. The assets in its institutional custody vaults are all stored in cold storage and are independently isolated on-chain.In terms of fund transfer security, Coinbase employs distributed key protection, withdrawal limits, abnormal activity monitoring, and emergency stop mechanisms. Cold wallet private keys are split and stored, and the signing process does not fully reconstruct them; the key signing service in the hot wallet production environment does not allow single-person independent access. If abnormal transactions or a surge in withdrawal amounts are detected, the system will trigger an investigation and limit, and if necessary, can pause part or all fund transfers by shutting down the signing key.Coinbase also stated that user assets are always held by the users, and the platform holds assets on a 1:1 basis, without lending or misappropriating them without user instructions. As of September 30, 2026, the asset scale on the Coinbase platform reached $377 billion, holding $8.6 billion in cash and cash equivalents, and $2.2 billion in investment cryptocurrencies. The company stated that as AI capabilities develop and change the security risk landscape, it will continue to increase investment in security technology.

Cryptocurrency trader Doctor Profit posted that Bitcoin is currently testing the Level 2 key price level mentioned in his previous report. He stated that if BTC breaks through this level and successfully recovers, maintaining stability in the daily close, it will be an important bullish signal, indicating that the market has digested the panic selling triggered by the Binance hacking incident, and the sell-off phase may be coming to an end, with buyers regaining control of the market.

The AI programming product Claude Code team under Anthropic has recently seen a series of departures. On November 4, Cat Wu, the product lead for Claude Code and Cowork, announced her departure from Anthropic. Previously, engineer Thariq Shihipar and Claude Code desktop developer Anthony Morris publicly said goodbye on October 24.When Thariq Shihipar left, he recommended following Cat Wu, stating that she could provide updates on Claude Code's future developments. Eleven days later, Cat Wu also announced her departure. Cat Wu had previously joined AI programming tool Cursor with Claude Code creator Boris Cherny in July 2025, and both returned two weeks later. In July of this year, Jenny Wen, the design lead for Claude and Cowork, also moved to Cursor to serve as the design director.Anthropic as a whole is still expanding. Its IPO documents show that the employee count increased from about 940 at the end of 2024 to about 5,300 by the end of September this year. Over the past 12 months, the company reported a regrettable turnover rate of about 1%, which refers to the percentage of employees the company wished to retain but voluntarily left.

According to an official announcement from GitBook, the documentation platform commonly used by crypto projects, attackers launched a highly targeted attack using AI agents, obtaining some of its infrastructure credentials at 2 AM Beijing time on November 3. Integrated tokens, Git Sync keys, API tokens, and questions posed by website visitors to GitBook Assistant may have been leaked.GitBook stated that no customer content has been found to be tampered with, all personal API tokens have been revoked, and all credentials have been replaced. Related services were restored at 11:21 PM Beijing time on November 3. GitBook recommends that users rotate their GitBook and third-party API tokens and keys, and re-authenticate the GitBook MCP server. Previously, PancakeSwap temporarily took down its documentation hosted on GitBook due to this incident.

On-chain researcher Zeeme posted a lengthy analysis on X, explaining why hackers can attack Binance, Bybit, and Bitget, but find it difficult to breach Coinbase. He stated that Coinbase holds approximately 959,000 BTC, worth about $10.33 billion, and has not suffered such attacks in 14 years.Zeeme indicated that most exchanges concentrate billions of dollars in a few hot wallets for quick withdrawals; Coinbase, on the other hand, employs multi-party computation (MPC) technology, where the complete private key never exists on disk or in memory. Each key is split into shards upon generation and stored on isolated hardware chips.He compared that in October, after hackers compromised a DevOps personnel's computer at Binance and hijacked hot wallet signatures, they transferred approximately $6.36 billion within 20 minutes; whereas at Coinbase, even if they breach an engineer's computer, they can only obtain a useless shard of the key.Additionally, Zeeme later corrected that the approximately 69.8 million addresses mentioned in the post are Coinbase's deposit addresses, not the wallets holding funds, as Coinbase also has both hot and cold wallets.

OnKey founder Yishi posted on platform X to remind users that using older iPhone models as cold wallets for cryptocurrency assets may pose security risks. The checkm8 vulnerability exists in the BootROM of iPhone 4S to iPhone X, and the usbliter8 vulnerability, which was disclosed in June this year, affects iPhone XS, XR, 11 series, and second-generation SE, all involving the device's low-level boot code, which cannot be fixed through iOS system updates. Once an attacker gains physical access to the device, they can execute code via the USB interface before iOS boots, and turning on airplane mode cannot prevent such attacks.Yishi advises that iPhone 11 and earlier models are not recommended for storing mnemonic phrases. Users who have used such devices to save mnemonic phrases should generate a brand new mnemonic phrase in a trusted environment and migrate their assets, rather than just changing the wallet address under the original mnemonic phrase. Additionally, users should promptly update their systems, use more complex device and wallet passwords, avoid charging through public USB interfaces, and be vigilant about potential physical attacks during periods when the device is out of their control for extended periods.Previously, OneKey founder Yishi had posted on platform X suggesting users use iPhones as cold wallets, but only recommended using iPhone 17 or newer models.

Renowned trader Doctor Profit stated that although Bitcoin has lost the daily EMA50 and MA50 support in the $80,000 to $81,000 range after this black swan event, it is still within its bullish fractal structure. He emphasized that $76,000 is a key support level, as breaking through this area previously confirmed the start of a bull market. If it falls below this level, it would severely impact the bulls and pose a higher risk of dropping to the $67,000 to $69,000 range; as long as it holds above $76,000, he believes there is no need to panic for now.He views the recent market action as a large-scale washout that triggered significant liquidations and panic selling, and he still believes the bull market will continue. He stated that he is still holding long positions opened at $80,400 and all spot purchases made at $60,000. If it breaks below $76,000, he will acknowledge that his bullish judgment in the $80,000 to $81,000 range was incorrect, but he will not turn bearish; he still sees the current trend as a cleansing before the next round of upward movement.