Odaily: US Senator Blumenthal has hinted at an investigation into the relationship between the CFTC and prediction market platforms. (Bitcoin.com News)
Odaily: Bitcoin News posted on X that during the Bitcoin price decline over the weekend, hackers were carrying out a novel type of attack targeting Bitcoin mining infrastructure. The full report will be published in tomorrow morning's newsletter.
Odaily: The Luxor CEO stated that the attack was carried out through sophisticated AI-assisted vectors, and that the company will conduct a post-mortem and apologize to customers. (Bitcoin.com News)
Odaily: Strategy's removal from the MSCI index could trigger $2–3 billion in passive selling.
Odaily reports: According to @3i monitoring, its team claims that by tracking changes in BitGo's public code repository and Wintermute's on-chain activity, they bought the Meme coins Cash Cat and PONS on Robinhood Chain in advance, and sold them after Robinhood listed both tokens, earning a cumulative profit of over $6 million. A BitGo developer submitted code adding Cash Cat to the public BitGoJS code repository on July 27, and Robinhood listed the token on August 6. The relevant public records and matching wallet activity have been verified, but the claimed profit amount cannot be verified.
Odaily: Solflare has launched Private Mode powered by Helius.
Odaily reports: South Korean exchange Coinone has announced that the servers of its outsourced customer service provider MetaM were accessed without authorization by external attackers in the early hours of November 12. Coinone received a report from the vendor at approximately 9:20 that day; MetaM stated that its customer service was interrupted at 6:03, after which it discovered the anomaly and confirmed that phone numbers and inquiry conversations had been subject to unauthorized access, and reported the matter to the Korea Internet & Security Agency (KISA) on November 13. Potentially affected information includes names, phone numbers, email addresses, dates of birth, bank account numbers, passwords, Korean resident registration numbers, ID document issue dates, addresses, crypto wallet addresses, and transaction IDs, varying by customer; customers who have not contacted the customer service center are not affected, and the number of affected individuals has not yet been disclosed. Coinone stated that its core crypto infrastructure is isolated from customer service servers, and as of November 15 no evidence of direct intrusion into account, transaction, or wallet systems had been found, and account access requires OTP or KakaoTalk two-factor verification. Coinone has blocked the attackers' IPs, switched customer service to email-only handling, and reported the matter to KISA, the Personal Information Protection Commission, and the Financial Supervisory Service.
Odaily report: According to OCEAN monitoring, approximately 64,000 Bitcoin mining machines were taken control of, and about 13 EH/s of hashrate was redirected to the OCEAN mining pool. The incident began at around 8 PM Central Time that evening. OCEAN reported that its hashrate once rose to approximately 50 EH/s, then stabilized at around 40 EH/s; the diverted hashrate later dropped to approximately 100 PH/s, and most of the affected mining machines were pulled back or went offline within a short period. All redirected output flowed to a payment address controlled by a single attacker, but the attacker did not mine any blocks, and the address received no payment; the lost income of the miners of the hijacked machines cannot be recovered. Hosting provider CoreX Hosting was the first to notify the operator, saying it discovered unauthorized changes to the mining pool settings of the affected machines. One operator said the entire mining operation was affected and suspected the entry point was the mining machine fleet management software Luxor Commander, but this connection has not been confirmed. In the days before November 14, there had already been reports of unauthorized changes to mining pool settings, and the incident may not be isolated. The Bitcoin protocol and consensus rules were not compromised; what failed was the operational software connecting mining companies and hardware.
Odaily: More than a dozen customer account hashrates were redirected, and Luxor has confirmed that its Commander management software was compromised.
Odaily Report: According to Forward Industries monitoring, at 20:58 EST on November 14, the company denied that the transfer of approximately 1.78 million SOL was company activity and stated that it did not execute the transaction. On-chain records show that two transactions withdrew approximately 1.78 million SOL from two staking accounts to the same wallet; 50 seconds later, that wallet transferred out approximately 1.88 million SOL, which included an additional 102,000 SOL in staking withdrawals. On-chain records can only prove that the wallet was authorized to withdraw funds and cannot independently prove that Forward Industries controlled the signing wallet. The disputed amount above accounts for approximately 20% of the SOL treasury disclosed by the company, but it does not mean that its holdings have been confirmed to have decreased. The two transfers did not show any completed trades, and the Coinbase Prime designation cannot prove that a sale occurred.
Odaily Report: According to monitoring by Jeremy Robertson, North Korean hackers have been attacking crypto professionals using the "FaceDealer" tactic, stealing over $400 million within 18 months. The attackers hijack Telegram or LinkedIn accounts of industry contacts known to the targets, impersonating them to send meeting invitations and luring targets into fake Zoom or Teams meetings set up and controlled by the attackers. The attackers secretly record the target's camera for later identity impersonation; the "inviter" shown in the meeting is actually footage of a previous victim, and the attackers also apply pressure through fake participants and claims such as "you're on mute." Subsequently, the attackers pop up a fake error prompt, tricking the target into running a supposed update that installs malware, compromising their computer, crypto wallets, and social media accounts. The FBI says it has discovered and intercepted related recordings of over 900 victims, all of whom are seasoned professionals in crypto, Web3, and cybersecurity. The FBI also attributed last month's approximately $6.3 billion Binance heist to North Korea's "TraderTraitor" operation; Pyongyang denies the allegations, calling them "absurd."
Odaily: The CFTC and the federal government have sued the state of Louisiana, seeking to block its enforcement against the event contract market.
Odaily reports: Bitcoin News posted on X platform that P2Pool V2 is developing an open-source mining protocol aimed at eliminating centralized mining pool operators' control over transaction selection, share accounting, and payouts. Unlike Stratum V2 and DATUM, which primarily decentralize block template construction, P2Pool V2 allows each node to independently verify miners' work and earnings, and supports permissionless mining, node-verified decentralized share accounting, and direct Bitcoin payouts to miners with self-custody. The protocol also plans to support tradable mining shares and help small miners receive payments through atomic swaps on Lightning and Ark; variable difficulty and reduced orphan block share losses are also designed to improve support for small miners. The protocol is currently running on the Bitcoin testnet, with share trading and mainnet launch preparations still under development.
Odaily reports: CZ posted an analysis of the potential reasons behind the recent crypto market decline, emphasizing that no one can determine the real cause at present and that correlation does not imply causation. As for the medium- to long-term outlook, CZ remains bullish on the development of the crypto industry and believes the crypto market will continue to grow. He also added that Bitcoin fell to as low as $62,006 today, a price that can serve as a reference for subsequent market movements.
CZ listed five possible factors: First, capital may be rotating into the Anthropic IPO; second, U.S. spot Bitcoin ETFs recorded approximately $1.9 billion in net outflows over seven consecutive trading days (as of November 13), and Ethereum ETFs also saw outflows; third, security incidents such as the Binance hack, the theft of an iPhone-linked crypto wallet, the Chrome vulnerability, and the Microsoft system outage may have weakened investors' willingness to hold crypto assets; fourth, hotter-than-expected U.S. inflation data has increased market expectations of another Federal Reserve rate hike, and a stronger dollar and rising yields could pressure risk assets such as cryptocurrencies; fifth, political uncertainty stemming from the U.S. midterm election results has raised concerns that U.S. crypto regulation may become stricter.
CZ also denied rumors that Binance is selling off crypto assets, and revealed that after receiving some stablecoins recently, he had bought cryptocurrencies over the past few days, joking that this might also be one of the reasons for the market decline.
Odaily reports: 21 banks have pledged approximately $270 million for Project Faro.
A banking consortium comprising 21 institutions has committed approximately $270 million to the U.S. dollar stablecoin project Project Faro. Goldman Sachs, Citigroup, Santander, and Deutsche Bank are reportedly among the participants. The project is scheduled to launch in 2027 and will be operated by a U.S.-registered issuer.
Fintech company SoFi has expanded its U.S. dollar stablecoin SoFiUSD to Polygon, having previously supported Ethereum and Solana. SoFi has also launched a tokenized deposit product called SoFi Earn, offering an annualized yield of 4.40% and convertible into SoFiUSD.
Tokens from federally chartered crypto bank Anchorage Digital can now settle transactions on the Visa network, with the first project involving Western Union's USDPT. Mastercard has launched stablecoin-related tools and payment features for AI agents, while Circle plans to pilot in Colombia to connect USDC settlement to Latin American banking channels.
The GENIUS Act was signed in 2025, establishing a U.S. regulatory framework for U.S. dollar stablecoins. Project Faro currently has no token, CEO, or final name; Tether and Circle still hold approximately 85% of the roughly $290 billion stablecoin market. (Decrypt)
According to Bitcoin News on X, Sahara Las Vegas claims to have become the first casino on the Las Vegas Strip to accept cryptocurrency gaming deposits. Customers can deposit BTC, ETH, or LTC at the casino cage in exchange for USD-denominated chips or gaming vouchers; transactions are subject to a 5% service fee, and all winnings are paid out in USD rather than cryptocurrency.
