Author: James Wilson

Zcash has climbed roughly 9% to $1,310 on Nov. 4, recovering ahead of its NU7 network upgrade as traders watch whether ZEC can break through $1,370. Summary ZEC has returned to the top 10 cryptocurrencies after recovering above $1,300. Jesse Olson identifies support and a pending daily buy signal, while Ardi watches $1,370. NU7 targets 25-second blocks, with activation expected around Nov. 5 at block 3,543,405. Zcash Community Grants has withdrawn its proposal to redirect approximately 98,000 ZEC toward mining rewards. Data from CoinGecko showed ZEC trading at $1,310.03, up 9.4% over 24 hours, after moving between $1,159.27 and $1,347.03…

Coinbase has said Binance’s $6.34 billion hot-wallet hack has had no impact on its systems or customer funds, with more than 99% of customer assets reportedly held in cold storage. Summary Coinbase said its systems and customer funds were unaffected by the Binance hot-wallet incident. More than 99% of customer assets are in cold storage, according to TechFlow’s report. The exchange says customer assets remain fully backed and cannot be used without permission. South Korean authorities have asked local exchanges to strengthen cold storage and withdrawal controls. According to TechFlow’s Nov. 4 account of a Coinbase blog statement, the U.S.…

Circle Internet Group (CRCL) has reported a 17% rise in third-quarter revenue to $864.9 million, supported by ARC token sales and growing use of USDC. Summary Circle reported $864.9 million in Q3 revenue and reserve income, up 17% year over year, while adjusted EBITDA grew 85% to $317 million. Its $182 million ARC token presale revenue helped offset lower reserve income as interest rates declined. USDC transaction volume climbed 49% to $13.9 trillion, although the stablecoin’s market share fell to 27%. Circle Payments Network reached $41.3 billion in annualized payment volume, while Arc launched publicly with more than 100 builders.…

Zcash Community Grants (ZCG) has withdrawn its proposal to redirect approximately 98,000 ZEC toward future mining rewards following criticism from the cryptocurrency’s community. Summary Zcash Community Grants (ZCG) has withdrawn its proposal to redirect approximately 98,000 ZEC toward future mining rewards following community feedback. The abandoned plan included transferring 36,200 ZEC from its existing treasury and reducing its future funding allocation. Zcash co-founders Sean Bowe and Zooko Wilcox support a competing plan involving a 50,000 ZEC treasury contribution and a new development fund. ZCG continues receiving 8% of newly issued ZEC, equivalent to approximately 144 ZEC daily, until governance changes…

Morgan Stanley has begun tokenizing U.S. equities and Treasury securities through DTCC’s newly launched service, becoming one of the first banks to use the infrastructure. Summary Morgan Stanley has tokenized U.S. equities and Treasury securities through DTCC’s new blockchain-based tokenization service. DTCC launched the service on October 28 with 20 participating institutions, including JPMorgan, Citi, Bank of America and Morgan Stanley. The service allows eligible institutions to create digital representations of securities held in DTC custody while preserving existing ownership rights. Morgan Stanley separately plans to support tokenized equity trading through its alternative trading system in Q1 2027. DTCC initially…

PI is trading within a few percentage points of its lowest recorded price, leaving little room between the market and another low. Its November outlook depends on the amount of sellable supply reaching exchanges and whether demand for the network’s services brings buyers into the market. Summary PI traded near $0.0749 during November 4 checks, approximately 6% above its recorded low. CoinGecko listed roughly 11.34 billion PI in circulation against a 100 billion maximum supply. A $0.10 price would imply approximately $1.13 billion in circulating market value at the current token count. Pi’s October 29 developer update kept Launchpad price…

A Trust Wallet user has reported losing 3,830 USDT from his cryptocurrency wallet without authorizing any transaction, raising fresh concerns about the security of the self-custody platform. Summary A Trust Wallet user claimed that 3,830 USDT disappeared from his wallet without any transaction approval or warning, despite having used the application for approximately five years. Another user complained that tokens swapped for USDC never arrived, prompting Trust Wallet Support to provide troubleshooting instructions and offer assistance through its support system. A separate user alleged that someone impersonating a support representative on NEAR Protocol’s Discord server drained his Trust Wallet, with…

CoinEx founder Haipo Yang has accused Binance of failing to follow three basic security practices that he believes could have prevented the $6.3 billion cryptocurrency theft on October 29. Summary CoinEx founder Haipo Yang has identified three security weaknesses he believes contributed to Binance’s $6.3 billion hack. Yang criticized inadequate separation of work environments, weak authentication and insufficient verification by transaction signers. Binance’s investigation traced the attack to compromised employee devices, fraudulent recruitment and stolen credentials. Co-CEO Richard Teng said Binance has replenished 98% of affected assets and completed its latest Proof of Reserves verification. Binance co-CEO Yi He reported…

Zcash Foundation has outlined seven security fixes in Zebra 7.0.0 as node operators prepare for the NU7 mainnet upgrade, which remains planned for around Nov. 5. Summary Zebra 7.0.0 supports NU7 activation at mainnet block 3,543,405 and addresses seven security issues. Operators must upgrade before activation to remain on the network’s consensus chain. A separate alpha release addresses mining delays reported during the Zcon7 conference in Cancún. Zeeder v1.8.0 adds NU7 support, with seeder operators instructed to deploy it before activation. Zcash Foundation’s engineering update, published Nov. 3 and covering Oct. 20 through Nov. 2, brings together the remaining preparations…

GitBook has urged customers to replace API tokens and integration secrets after an attack involving AI agents compromised infrastructure credentials and potentially exposed customer data. Summary GitBook said infrastructure credentials were accessed on Nov. 2, prompting service shutdowns and credential replacement. Potentially exposed data includes integration tokens, Git Sync secrets, API tokens, and visitors’ Assistant questions. Customers must rotate relevant credentials and reauthenticate connections to the GitBook MCP server. The app, API, and published documentation have returned, though some services could remain degraded. According to GitBook’s incident notice, the attacker gained unauthorized access to some infrastructure credentials at 7 p.m.…