The GENIUS Act does not exempt stablecoin-related companies from state-level licensing requirements.

Block Inc. added 120 Bitcoins in the third quarter, bringing its total holdings to 9,237, ranking 14th on the Bitcoin 100 list.

Chain-link investigator ZachXBT has identified French bank Crédit Mutuel Arkéa as the main perpetrator in the recent $133 million cryptocurrency theft. On November 2nd, $106 million flowed out of multiple centralized exchange accounts belonging to the bank, withdrawn in USDC and USDT, with some converted to ETH and Monero; subsequently, another $27 million was transferred out, mostly through Kraken hot wallets. The bank has total assets exceeding $235 billion, and its clients include Stripe. It has not publicly responded to the incident. ZachXBT claims that over $30 million has already been laundered and speculates that a large Western European financial institution was compromised and subsequently concealed. (Source: Cryptopolitan)

Alchemy Pay has been granted a money transfer license in Mississippi, bringing the number of licensed states to 20.

A major whale established new long positions in Marvell, SK Hynix, and SanDisk in the afternoon, with a total trading volume of approximately $29.07 million, all leveraged at 3x. Specifically, it bought approximately $14.81 million worth of SanDisk (SNDK), with a floating profit of approximately $137,000; approximately $7.92 million worth of Marvell (MRVL), with a floating profit of approximately $78,600; and approximately $6.34 million worth of SK Hynix (SKHX), with a floating profit of approximately $32,200.

LayerZero announced that the channel for exchanging STG for ZRO will be closed on December 15. During this period, LayerZero will collaborate with exchanges, market makers, custodians, and ecosystem partners to facilitate the transition. Before the ZRO mainnet launch, ownership of the ZRO contract will be migrated to OneSig, and the DVN configuration for ZRO will be updated, with the required DVN threshold increased to 4/4.