The day's news in five to eight stories, every day. Summarized by AI from trusted sources, so you don't have to read it all.
Wednesday, November 4, 2026
Daily edition Crypto & Bitcoin briefing
Listen or watch · 3 min 20 s
Tether CEO says company holds 150,000 Bitcoin
Tether CEO Paolo Ardoino stated the company holds about 150,000 Bitcoin, more than what its Q3 reserve report shows. The additional Bitcoin is not included in the publicly reported reserves.
Why it matters: This revelation raises questions about Tether's full asset holdings and investment activities beyond its reported reserves.
Sources: Bitcoin.com News · Crypto.news · CoinDesk · Bitcoin Magazine · Decrypt
Liquid Network Restores Full Bitcoin Backing After Exploit
Liquid Network has restored full bitcoin backing after a $320 million exploit in September. Blockstream provided the funds to cover the shortfall, though the source of the funds remains unclear.
Why it matters: The incident highlights the importance of security in blockchain networks and the role of third-party support in resolving major financial breaches.
Sources: CoinDesk · Decrypt · The Block · Crypto.news
Bitcoin ETFs face major outflows as November begins
Bitcoin ETFs experienced $399 million in net outflows on the first day of November, with BlackRock's IBIT seeing the largest outflow. Ether, Zcash, HYPE, and XRP funds also reported losses.
Why it matters: Large outflows suggest institutional investors are reducing exposure to Bitcoin and other cryptocurrencies at the start of the month.
Sources: Bitcoin.com News · Cointelegraph · BeInCrypto
South Korea delays crypto tax until 2029, France scraps exit-tax plans
South Korea lawmakers recommend delaying crypto income tax until 2029. France postpones budget vote and cancels crypto exit-tax proposals.
Why it matters: These moves reflect ongoing regulatory challenges and shifting priorities in crypto taxation across major economies.
Sources: Crypto.news · Cointelegraph
Zcash Upgrade Aims to Speed Transactions Amid Governance Issues
Zcash is preparing an upgrade to reduce block times to 25 seconds by November 5. The Zcash Foundation has outlined seven security fixes in Zebra 7.0.0 as part of the NU7 mainnet upgrade.
Why it matters: The upgrade could improve transaction speed, but Zcash is also dealing with governance challenges and recent price declines.
Sources: CryptoNews · Crypto.news
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