Suehyeon Lee

[This Week’s Key Economic and Crypto Events] US Midterm Elections and More

<This Week’s Key Economic Calendar> ▶︎Monday, Nov. 2: △US October S&P Global Manufacturing PMI (11:45 p.m. Korea time) △US October ISM Manufacturing PMI (12:00 a.m. Korea time on Nov. 3) △Speech by Chicago Fed President Austan Goolsbee (1:15 a.m. Kor

Binance Hacker Sells More Than 130 Altcoins, Raises About $279 Million

The attacker behind the Binance hack has sold more than 130 stolen altcoins. On-chain analytics firm Lookonchain said Nov. 1 that the hacker sold more than 130 altcoins on Ethereum Virtual Machine-based blockchains, securing assets worth about $279 m

Binance Says It Has Covered 95% of Assets Stolen in Hack, Warns of Temporary Withdrawal Delays After Resumption

Binance, the global cryptocurrency exchange, said it has covered 95% of the assets stolen in a large-scale hack. In an official statement released on November 1, Binance said it had secured about 95% of the assets lost in the breach. That was up 5 pe

Bitcoin Selloff Deepens on Delayed Binance Hack Shock, Daily Realized Losses Hit $1.115 Billion

A wave of stop-loss selling swept through the Bitcoin market as the impact of the Binance hack hit with a delay, according to an analysis. CryptoQuant contributor GugaOnChain wrote on Nov. 1 that Bitcoin investors recorded about $1.115 billion in rea

Chainalysis Says North Korea-Linked Groups Account for 89% of Crypto Hacking Losses This Year

About 89% of cryptocurrency losses from hacks reported this year are estimated to be tied to North Korea-linked hacking groups, according to Chainalysis. Chainalysis, a global blockchain data platform, said on Nov. 1 that North Korea-linked attacks a

Hong Kong Dollar Stablecoin HKDAP Pushes Solana Expansion to Broaden Global Payments

Hong Kong dollar-pegged stablecoin HKDAP is moving to expand its ecosystem to the Solana blockchain. Anchorpoint, which has received approval from the Hong Kong Monetary Authority to issue stablecoins, has formed a strategic partnership with the Sola

Trump Says He Would Discuss Binance Hack With North Korea if Pyongyang Was Behind It

President Donald Trump said he would discuss the Binance hacking incident with North Korea if Pyongyang was found to be involved. Speaking to reporters at his Mar-a-Lago home in Florida on October 31, Trump said, “I don’t know whether North Korea was

US Spot Ethereum ETFs See Net Outflows for 23 Straight Trading Days, Longest Streak Since Launch

US spot Ethereum exchange-traded funds have posted their longest stretch of consecutive net outflows since launch. Wu Blockchain, citing on-chain analytics firm Glassnode, reported on Nov. 1 that US spot Ethereum ETFs recorded net outflows for 23 con

Binance Hack First Drained XRP, With $296 Million Moved Out in 4 Minutes

XRP was the first asset stolen in the $6.3 billion hack of global cryptocurrency exchange Binance. Bitcoin.com reported on Nov. 1 that blockchain analytics firm TRM Labs, after tracing the Oct. 29 Binance hack, found the attackers first siphoned off

Binance to Gradually Resume Withdrawals on Nov. 1 Afternoon After Security Checks

Binance, the global cryptocurrency exchange that suspended withdrawals after a major hack, will begin restoring the service in stages on Nov. 1. According to an official notice from Binance on Nov. 1, the exchange plans to resume the first phase of w

Trump Warns of More Strikes on Iran, Says Remaining Targets Could Be Hit in 10 Minutes

President Donald Trump stepped up military pressure on Iran, saying the US could launch additional attacks on the country’s military facilities. According to AFP and other media reports on October 31, Trump told reporters at his Mar-a-Lago home in Fl

Anthropic Pre-IPO Futures Begin Trading on Hyperliquid With Up to 10x Leverage

Leveraged derivatives tied to artificial intelligence company Anthropic’s stock valuation have begun trading on a decentralized exchange ahead of the company’s initial public offering. CoinDesk reported on Oct. 31 that decentralized crypto exchange H

North Korean Hackers Move $38 Million in 7 Hours, Putting Relay Security Controls Under Scrutiny

Questions are mounting over the effectiveness of anti-money-laundering safeguards after North Korean hackers moved a large amount of crypto through a cross-chain protocol in a matter of hours. Wu Blockchain reported on Nov. 1 that on-chain analyst Sp

U.S. Job Growth Seen Rebounding, Boosting Odds of Another Fed Rate Hike

A rebound in U.S. job growth is poised to strengthen the case for another interest-rate increase by the Federal Reserve. According to Bloomberg on Nov. 31, market experts expect the U.S. Bureau of Labor Statistics to report an increase of 65,000 in O

Trump, Netanyahu Hold Call as US Prepares to Resume Iran Airstrikes

President Donald Trump held a phone call with Israeli Prime Minister Benjamin Netanyahu as the US prepares to resume military operations against Iran. The Wall Street Journal reported on November 31 that Trump and Netanyahu discussed the situation in

Strive CEO Says Bitcoin’s Long-Term Investment Case Intact Despite $6.3 Billion Binance Hack

A $6.3 billion hack at global cryptocurrency exchange Binance has not damaged Bitcoin’s long-term investment case, according to analysts. Cointelegraph reported on October 31 that Matt Cole, chief executive officer of Strive, said in an interview tha

Binance Covers 90% of $6.3 Billion in Hack Losses, Targets Nov. 1 Withdrawal Restart

Binance, the global cryptocurrency exchange, has covered 90% of customer assets stolen in a massive hack and is accelerating efforts to restore withdrawal services. Cointelegraph reported on October 31 that Binance had covered 90% of roughly $6.3 bil

FBI Says North Korea Was Behind Binance’s $6.3 Billion Hack, Sees Signs of Money Laundering

The Federal Bureau of Investigation has identified North Korea as being behind the massive hack of cryptocurrency exchange Binance. Bloomberg reported on October 31 that the FBI said the North Korean hacking group TraderTraitor stole more than $6 bil

Views Split on South Korea’s Crypto Tax Plan: ‘Legislate First, Tax Later’ vs. ‘No More Repeated Delays’

Debate intensifies ahead of Jan. 2027 start of crypto taxation Basic law and tax infrastructure should come first Better to improve the system than keep postponing it Ahead of South Korea’s planned rollout of taxation on virtual-asset income next yea

Further Delay Isn’t the Only Answer for Crypto Tax; Rules Should Be Refined After Implementation

South Korea should improve its virtual-asset tax regime by establishing clear taxation standards and increasing predictability for taxpayers, rather than opting for another delay ahead of implementation, a professor said. Byun Hye-jung, a professor a

Repeated Delays to Crypto Tax Risk Undermining Tax Fairness, Policy Credibility

Repeated delays to the taxation of virtual assets, or cryptocurrencies, could undermine tax fairness and confidence in policy, a speaker at a National Assembly seminar said. Speaking at the seminar, "2027 Virtual Asset Tax Delay: When Should It Take

2027 Crypto Tax Needs Loss Carryforward, Fairness Review for Overseas Trades

As South Korea moves toward imposing taxes on virtual assets in 2027, the system needs to be refined to address issues including the lack of loss carryforwards and fairness in taxing overseas transactions, according to a speaker at a seminar. Choi He

Lawmaker Min Byung-deok Says Crypto Tax Should Be Reviewed for Fairness, Infrastructure First

Rep. Min Byung-deok of the Democratic Party reiterated that tax fairness and related infrastructure should be thoroughly reviewed before South Korea moves ahead with taxation of virtual assets. At a seminar held on October 30 at the National Assembly

Israel Election Deadlock Risk Puts Crypto on Edge as Oil Rises, Rate Fears Mount

Netanyahu, Eisenkot Camps Set to Fall Short of Majority Coalition Talks Face Hurdles as Uncertainty Grows Over Iran Policy Rising Oil Prices and Rate Pressure Stoke Downside Risks for Crypto With no clear winner emerging from Israel's general electio

ECB Seen Holding Rates Amid French Bond Market Stress, With Another Hike Possible in December

The European Central Bank is set to leave interest rates unchanged as it weighs stress in France’s government bond market and inflation pressure from higher energy prices. Bloomberg reported on October 29 that the ECB is expected to keep its deposit

Ethereum Security Flaw Exposes Validator Reward Theft Risk; Teku, Besu Issue Emergency Updates

A security flaw that could allow attackers to steal Ethereum validator block rewards has prompted major client developers to release security updates. Teku and Besu, two Ethereum clients, released versions 26.10.3 and 26.10.2, respectively, to addres

Kyaa Holds ‘KYAA WAVE’ to Expand Online and Offline Fandom Community

Fandom platform Kyaa said on Oct. 29 that it had held “KYAA WAVE,” a fandom community event linking online and offline engagement, and shared its vision for a new kind of fandom community. At the Oct. 22 event, Kyaa presented a community model in whi

Analysis: Ethereum Leverage Holds Despite 50% Drop in Open Interest, Raising Volatility Risk

Open interest in the Ethereum futures market has fallen by roughly half, but actual leveraged positioning remains largely intact, according to an analysis. BaykusCharts, a contributor to on-chain analytics firm CryptoQuant, wrote on October 28 that B

Canton-Based Platform Cancore Raises $7.2 Million Seed Round to Expand RWA Liquidity

Cancore, a trading platform built on the Canton Network, has raised $7.2 million in seed funding. The Block reported on October 28 that Cancore closed the round with participation from Paper Ventures, dao5, Arrington Capital, X Ventures, MH Ventures

Crypto.com Launches US Crypto Perpetual Futures With Up to 5x Leverage

Global cryptocurrency exchange Crypto.com has launched a crypto perpetual futures trading service in the US with leverage of up to 5x. The Block reported on October 28 that Crypto.com has begun offering the service to eligible investors in the US thr