Binance announces the departure of Kaiser Ng, its Chief Financial Officer, nine days after the $6.3 billion hack that occurred on October 29, 2026. The crypto exchange confirmed on Saturday, November 7, that Justin Yek, former Chief Financial Officer of Airwallex, will succeed him. Co-CEO Yi He assures that this transition was prepared six months in advance, well before the attack. No link between the two events has been established.
A rumor involving Binance and Elon Musk circulated on X, while the platform is going through a delicate period following a hack estimated at 6.3 billion dollars. A viral post attributed to him a call to withdraw funds to restore competition between platforms. However, the Tesla CEO quickly denied these statements. Changpeng Zhao also condemned this false information, which was spread in an especially tense climate for the crypto sector.
Patrick Steven Yaroch, 37, pleaded guilty Thursday to electronic fraud and money laundering before the Alexandria federal court. The former counterintelligence agent diverted $2,474,380.66 in cryptos from FBI systems, using credentials seized in 35 investigations.
US Bitcoin ETFs recorded $1.28 billion in net withdrawals during the week ending November 6, their worst result since June. This movement not only marks a new phase of distrust. It erases their fragile return to the green and brings their annual net outflow to $914.1 million.
Bitget raised maximum leverage to 1:2000 on 21 forex CFD pairs, effective November 1. Its own support documentation cuts those instruments to 1:200 exactly when economic data is published, the scenario the press release uses to sell the product.
For more than a year, Bitcoin mining difficulty has remained below its historical record, despite some signs of recovery. This duration exceeds the previous interval observed after the 2011 crash. It reveals tensions in the mining industry: lower revenues, high costs, and new investment choices. However, this situation does not mean the network is performing worse. It mainly reflects a slowdown in the computing power committed.
Jurrien Timmer, Global Macro Director at Fidelity, continues to prefer bitcoin over gold despite the recent decline in both assets. His reasoning is not based on their dollar performance but on BTC’s ability to gain ground against the yellow metal while maintaining higher upside potential.
From the Dutch East India Company in 1602 to massive BTC purchases in 2026, Michael Saylor demonstrates how Bitcoin absorbs the history of modern finance.
Anthropic wants to maintain its IPO despite the fall of tech values, but its expected valuation has already dropped from about 2000 to 1500 billion dollars. This change not only reflects a less enthusiastic market: investors are beginning to compare Claude's growth with the colossal cost of the infrastructure needed to support it.
Binance will close the accounts of its French clients as of December 31, 2026. The crypto platform informed its users by email after failing to obtain its European MiCA approval. Another bad news: starting November 29, accounts still holding cryptocurrencies will be subject to monthly fees of 0.025%, with a minimum of 10 USDC. Clients must now arrange the withdrawal of their funds.
Strive achieved 509 million dollars in net profit in the third quarter of 2026, mainly thanks to the valuation of its bitcoin reserves. In its results published on November 6, the American company also announces holding 43,124 BTC, valued at about 3.25 billion dollars. Behind this spectacular profit are, however, 533.7 million dollars in unrealized accounting gains.
The cryptocurrency market is reaching a new milestone in its recognition among major investors. In its projections for 2027, JPMorgan Asset Management assigns bitcoin a compound annual return of 10% over the long term. This estimate exceeds those of several traditional asset classes, including U.S. equities and diversified portfolios. However, this outlook comes with significant risks, notably related to volatility and uncertainties surrounding the relationships between financial investments.
The Paraguayan Senate dismissed Santiago Peña on Friday, November 6, the day after his resignation, following the collapse of Ueno Bank. The digital bank claimed nearly 3 million clients and held about 800 million dollars in public deposits.
Bitcoin Core developer Cory Fields proposes making any quantum theft financially risky through cryptographic "mines" and a security deposit. However, this mechanism reveals a deeper problem. The network would not be able to distinguish a quantum hacker from the true owner of an old wallet.
Over $1.1 billion in bullish positions were destroyed during the crypto market crash, but their disappearance did not trigger a real rebound. The main problem is no longer just excess leverage: spot purchases and institutional flows remain too weak to regain control of the market.
The European Central Bank still aims for 2029 for a possible launch of the digital euro. In a speech delivered on November 5, 2026, Piero Cipollone, member of the ECB Executive Board, confirmed a twelve-month pilot program beginning in the second half of 2027. Thirty-six payment providers will participate in the trials. However, the final launch depends on the adoption of European legislation, expected before the end of the year.
The NU7 update marks a major milestone for the Zcash network. Activated on Friday, it changes several technical rules and makes funds held in the old Sprout protected pool inaccessible. About 12,224 ZEC remain affected, amounting to nearly 15 million dollars according to the data provided. This evolution results from a change in the transaction format accepted by the protocol. It also adjusts the targeted block timing and provides a new mechanism related to today's network fees.
Bitcoin and Ether spot ETFs recorded $530 million in net outflows on November 5, as a stock market collapse wiped out nearly $3 trillion in market capitalization on Wall Street. These funds were supposed to bring crypto closer to traditional finance; they also accelerate the transmission of its panic periods.
Mercado Bitcoin claims to have contained the hacking that targeted its platform on November 2. However, Bitquery's analysis reveals that thousands of deposit addresses lost their funds after this announcement. Researchers tracked 48.6 million dollars worth of assets across eleven blockchains. This timeline questions the actual moment of containment and the extent of the access obtained by the attacker, especially concerning bitcoin-related funds. It highlights the limits of the initial public information.
Bitget announced the Open Custody Network on November 5, a framework that lets institutions trade its spot, margin and futures markets while their assets stay with an external custodian. The press release promises "zero compromise on custody." Bitget's own documentation says the model does not remove the risk.
Solana developers are considering a major change to prevent disagreements between the software programs securing its crypto network. On October 30, 2026, Anza CEO Brennan Watt proposed creating a single official specification covering the blockchain's operating rules. The draft already contains 18 technical sections, including transactions, consensus and validator rewards. The proposal aims to reduce the risk of conflicting interpretations that could disrupt the network.
OpenAI promet de payer l’électricité et le raccordement de ses data centers. Mais qui vérifiera ses engagements sur l’eau, l’énergie et la transparence ?
On Saturday, November 7, 2026, from 10 a.m. to 4 p.m., the Swiss association Qubic AGI Lab hosts a free day of AI talks on decentralized artificial intelligence and mining on the Qubic network at Escape Bar in Basel, according to the official event page. Admission is free with registration, capped at 70 seats, and the day ends with an apéro riche. Here is the schedule, the speakers and how to register, so you can plan your Saturday in two minutes.
Donald Trump's crypto businesses could soon face congressional investigations. Following the Democratic Party's victory in the November 3, 2026 midterm elections, lawmakers are preparing to examine the president's financial ties to digital assets. World Liberty Financial, its USD1 stablecoin and foreign investments are among the main concerns. Reuters previously estimated that four Trump family crypto ventures generated approximately $2.3 billion in profits.
Coinbase said on November 4 that more than 99% of customer assets sit in offline cold storage, days after a $6.34 billion breach at Binance. The claim is self-reported, and the fraction left online is large enough to matter.