Mercado Bitcoin will absorb the $40 million loss from the hack itself.

[South Korea's Ruling Party's Finance and Economic Committee Plans to Recommend Postponing Virtual Asset Tax by Approximately Two Years] On November 3, members of the South Korean National Assembly's Finance and Economic Committee, representing the Democratic Party, decided to recommend to the party leadership that the virtual asset tax, originally scheduled for implementation next year, be postponed. Oh Ki-hyung, the ruling party's secretary-general on the Finance and Economic Committee, stated that the majority opinion among the committee members leans towards a postponement of approximately two years. (Source: Yonhap News Agency)

Hong Kong-listed storage concept stocks weakened in early trading, with Montage Technology falling more than 6%, GigaDevice falling more than 3%, and Jiangbolong and VSTECS following suit.

A SHIB whale previously bought 103 trillion SHIB at 37.8 ETH ($13,700), and today transferred out 1.07 trillion SHIB, worth $4.94 million. This batch of SHIB was worth $9.1 billion at its peak in 2021. The same address previously sold 11.73 trillion SHIB at $0.0000064, making a profit of $74.74 million, and currently still holds 91.6 trillion SHIB, worth $418 million.

Cryptocurrency exchange Mercado Bitcoin suffered a hack that resulted in losses exceeding $46 million. $9 million of the stolen assets have been frozen. The hackers still hold 372.99 billion PEPE ($1.79 million), 12,800 AAVE ($1.61 million), 769,900 PENDLE ($1.35 million), 29,800 EVA ($1.26 million), 1.98 million VIRTUAL ($1.15 million), 147,800 UNI ($1.04 million), and 2.67 million ONDO ($1.03 million). (Lookonchain)

Ark Invest bought $3.4 million worth of Coinbase stock, $2.6 million worth of Circle stock, and $645,800 worth of Robinhood stock on Monday, while selling $2.3 million worth of Bullish stock. (Source: The Block)