The amount of ETH held by BitMine is about to reach 5% of the total supply of Ethereum

On November 4th, a protocol upgrade proposal appeared on the Scroll DAO forum, suggesting that Scroll be transformed into a dedicated network for permissioned applications focused on privacy-preserving AI, and that SCR be migrated to the Ethereum mainnet. If the proposal is approved, the Scroll Foundation will lead the network upgrade and asset migration. The new network will serve an integrated AI product stack including Compass, Compass API, CENO, USX, and SCR, focusing on privacy-preserving AI interactions, secure credentials, agent workflows, and payment and computing power coordination. The SCR supply and overall token economy will remain unchanged, and it will continue to serve governance functions, with the governance scope planned to extend to USX core parameters and serve as collateral for some high-risk commitments and validators.

668 BTC (approximately $52.45 million) were transferred from Coinbase Institutional to an unknown wallet. At 17:24, 1,086 BTC (approximately $85.08 million) were transferred from an unknown wallet to Coinbase Institutional.

[Hong Kong Legislative Council Passes Crypto Asset Tax Reporting Bill, to be Implemented in 2027] The Hong Kong Legislative Council has passed the "Taxation (Amendment) (Crypto Asset Reporting Framework and Revised Common Reporting Standards) Bill 2026," which will implement the OECD's crypto asset reporting framework in Hong Kong. The framework will be implemented in 2027, requiring relevant service providers to collect specified information for the Hong Kong Inland Revenue Department to exchange with partner jurisdictions from 2028. The revised Common Reporting Standards will come into effect in 2028, and the Inland Revenue Department will automatically exchange financial account information with appropriate partners according to the new standards from 2029.

After the Democratic Party regained control of Congress, House Oversight Committee member Robert Garcia requested that relevant parties find lawyers, and Senate Finance Committee member Ron Wyden issued a subpoena signal. Several law firms have begun assisting clients in compiling potential investigation lists, covering topics such as allegations of Trump's projects and family corruption, the war with Iran, immigration enforcement, the impact of DOGE layoffs, and AI and the cost of living.

Trader James Wynn shorted 1,256 BTC with 40x leverage, worth approximately $96,000, with a liquidation price of $78,227.92. This position was completely liquidated within hours of opening.