Brazil's largest cryptocurrency exchange, Mercado Bitcoin, has suspended deposits and withdrawals after a security incident triggered more than $40 million in suspicious cryptocurrency transfers across multiple blockchain networks.

By entrusting the matching and settlement of perpetual contracts to Hyperliquid, ICE is essentially acknowledging that technology has never been the moat of exchanges; what is truly valuable is the regulatory license.

Foresight News posted on X (formerly Twitter). A profile of 31-year-old Hyperliquid founder Jeff Yan described the platform as infrastructure for exchanges rather than an exchange itself. The writer traveled to Washington, D.C., to interview Yan, who is based in Singapore and was visiting to support the Hyperliquid Policy Center. The conversation took place at the Riggs Hotel, with Yan’s security personnel nearby. Yan said developers building applications on Hyperliquid must create their own risk controls and checks. He compared the platform’s role to that of the internet and said he devotes most of his time to work and coding. The profile described him as a programmer behind a platform valued at around $1 billion. Launched in 2023, Hyperliquid began as a niche offshore platform focused on perpetual contracts, which trade continuously and have no expiration date. It has since expanded into a trading market offering proxy contracts tied to assets including stocks and gold. The platform generated $713 million in revenue over the past 12 months. Although it is not open to U.S. users, its growth has drawn attention from major industry players, including CME Group, and from the White House. U.S. President Donald Trump, a supporter of the crypto industry, earned more than $1.4 billion through his own crypto projects last year. He has said regulators are studying a regulatory framework for perpetual contracts. The independent Hyperliquid Policy Center submits filings to U.S. regulators explaining the platform’s value.

Arthur Hayes announced on X that the FLOP developer testnet is now open to builders. According to ChainCatcher, developers can obtain test FLOP, browse blocks, and use agents to call verified inference services. Hayes said the testnet tokens have no value and provide no rewards or airdrop eligibility, and that the chain may be reset. No FLOP token is currently available; users should not share their seed phrases and should verify information through official links.

On November 3, Morgan Stanley raised its price target for Palantir Technologies (PLTR) to $233 from $205 and maintained its “hold and wait” rating. According to Sina Finance, the bank said strong momentum in Palantir’s AI business and expanding demand from corporate and government customers had accelerated revenue growth for a 13th consecutive quarter. In the third quarter, revenue grew 96% year over year, while the operating margin rose nearly 11 percentage points to 61.7%; the revenue growth rate and operating margin totaled 158%. Morgan Stanley said Palantir’s U.S. commercial revenue grew 148% year over year in the third quarter, while growth in U.S. government revenue accelerated to 96% from 90% in the second quarter. The bank also identified sovereign AI demand as a new growth driver. Palantir allows customers to post-train open-weight AI models using their operational data, aiming to improve model performance and lower application costs while retaining control over the data and models, thereby broadening AI adoption among companies and government agencies. Based on the company’s performance and AI prospects, Morgan Stanley raised its forecast for Palantir’s 2027 revenue growth to 65% from 45% and its operating margin forecast to 63.5% from 61%. The bank said Palantir’s competitive advantages in enterprise data integration and AI model deployment position it to benefit from the growing adoption of open-weight models.

On November 3, Baidu said market rumors and reports that its AI chip subsidiary Kunlunxin’s listing could be delayed were untrue. According to ChainCatcher, Kunlunxin is currently in the confidential filing stage, and Baidu said regulatory requirements prevent it from disclosing material nonpublic information, including progress on the listing process; the company will make an announcement in due course.

Standard Chartered CEO Winters said employees concerned that artificial intelligence may affect hundreds of thousands of jobs should remember, “we’ve been here before,” according to Bloomberg.

With annual revenue of $713 million and no US users: Hyperliquid's explosive growth

North Korea has denied the FBI's claim that its hackers stole more than $6 billion from Binance, calling the allegations a political provocation. Pyongyang also tested new cruise missiles fitted with cluster warheads as tensions with the US continued to rise.

Ethereum L2, ETH, Layer 2, Gas, Staking, Ethereum 2026: Everything is rising except for the price. Jinse Finance: Usability and value are completely disconnected.

Coinbase returned to profit in the third quarter of 2026, reporting net income of $718.7 million after three consecutive quarterly losses. Yet nearly all of that profit came from unrealized gains on crypto assets held for investment, while core trading revenue fell 44% year over year, leaving adjusted net income at just $77.7 million.

The most expensive price to pay for high valuations is that future growth has to pay for today's price first. Even if a project delivers excellent results, the returns for shareholders can still be mediocre. HYPE has reached this point.

In the first three quarters of this year, Anthropic's revenue exceeded $33 billion, a 12-fold increase year-on-year; operating expenses in the third quarter exceeded $17.5 billion, surpassing revenue and increasing 2.9 times year-on-year. Among these, computing power and infrastructure expenditures increased 3.8 times to $9.86 billion, with a year-on-year growth rate exceeding 48% of the second quarter.

BTC, prediction, CLARITY bill, US Congress, Binance, Democrats sweep both houses? Will the crypto industry face the "worst-case scenario"? Golden Finance, "The worst-case legislative scenario".

A price increase does not necessarily mean a trend reversal. If the rebound mainly relies on short covering and short-term bottom-fishing without sustained support from spot demand, the market is likely to fall back again when buying pressure is insufficient.