Privacy Coins Surge 80%, Crypto Investors Seek Privacy, Encrypted Bitcoin

Investor demand for financial privacy is fueling a rally in privacy-preserving cryptocurrencies, signaling renewed interest in self-sovereign blockchain transactions. The market capitalization of privacy-preserving cryptocurrencies rose by about 80% over the past week to briefly surpass $24 billion earlier on Monday before retracing 2.9% to $23.7 billion at the time of writing, according to data…

DeFi Protocol Balancer Hit By Multimillion-dollar Exploit

Update Nov. 3, 10:42 am UTC: This article has been updated to include a section on Berachain’s emergency hard fork. Update Nov. 3, 9:47 am UTC: This article has been updated to add the latest figures, Balancer’s white hat bounty offer and comments from Nicolai Sondergaard, research analyst at Nansen. Update Nov. 3, 9:21 am…

What Happens When You Don’t Report Your Crypto Taxes to the IRS

Key takeaways Tax authorities like the IRS, HMRC and ATO classify crypto as a capital asset, meaning that sales, trades and even swaps are considered taxable events. Tax authorities worldwide are coordinating through frameworks like the FATF and the OECD’s CARF to track transactions, even across borders and privacy coins. Authorities use blockchain analytics firms…

Bitcoin Gets Sub-$100,000 Target as BTC Price Cancels Weekend Gains

Bitcoin (BTC) starts November with a dip to $107,000 as traders brace for further support retests. Bitcoin price action gives bulls a grim sense of deja vu as weekend gains evaporate and downside liquidity grows. November seasonality calls for serious BTC price gains, but so far, there is no sign of relief. US-China trade deal…

Berachain Halts Network to Contain Balancer-Linked Exploit, to Conduct ‘Emergency Hard Fork’

Berachain validators have coordinated an emergency network halt after exposure to a vulnerability tied to the ongoing Balancer V2 exploit, the project’s core team said on Monday. “The Berachain validators have coordinated to purposefully halt the network as the core team performs an emergency hard fork to address Balancer V2-related exploits on the BEX,” the…

Balancer Hit By Suspected $70M Staked Ether Exploit

Update Nov. 3, 9:21 a.m. UTC: This article has been updated to include a section on the Balancer flash loan attack from 2020. Decentralized exchange (DEX) and automated market maker (AMM) Balancer may have suffered an exploit, as about $70 million worth of digital assets was transferred to a freshly created wallet. Onchain data shows…

Without Bitcoin, What Happens to Ether and XRP?

Key takeaways: A sharp Bitcoin decline often triggers systemic contagion, driving altcoins lower through both liquidity and confidence channels. During crises, the market tends to view crypto as a single risk asset rather than valuing individual utility, as seen in the high BTC-ETH and BTC-XRP correlations. Correlation and beta analyses are essential for quantifying how…

Binance Founder CZ Rejects Claim He Suggested Kyrgyz Crypto Bank

Binance co-founder Changpeng “CZ” Zhao has pushed back on reports that he has been driving a proposal to establish a crypto-friendly private bank in the Central Asian nation of Kyrgyzstan, where he provides advisory services. The rumors emerged after Kyrgyzstan President Sadyr Japarov told the Kabar news agency on Sunday that CZ had visited the…

France Could Pass ‘Unproductive Wealth’ Tax Targeting Crypto

Lawmakers in France have voted to advance an amendment to the country’s tax laws that would impose levies on “unproductive wealth,” including some types of property and crypto holdings. Centrist MP Jean-Paul Matteï filed the amendment on Oct. 22, with members of the National Assembly, the country’s lower house, passing the amendment with a vote…

CZ Buy Disclosure Sends Aster Price Soaring Over Thirty Percent

The native token for the decentralized exchange protocol Aster spiked over 30% on Sunday after Binance co-founder Changpeng “CZ” Zhao disclosed that he now holds over $2.5 million in Aster.  CZ shared his wallet holdings in an X post on Sunday, and said he bought “some Aster today, using my own money on Binance.” “I…