1. What is the total outflow from Bitcoin spot ETFs?
SoSoValue reports that Bitcoin spot ETFs faced a net outflow of USD 115.56 million. The most significant withdrawals were from BlackRock’s IBIT, which saw USD 94.98 million leave its holdings.
2. What security concerns did Solana’s co-founder highlight?
Anatoly Yakovenko pointed out that phishing and social engineering pose significant risks for crypto users. He advised utilizing a dedicated iOS device with Lockdown Mode and opting for a multisignature wallet for better security.
3. What enhancements did Zcash implement for security?
The Zcash Foundation has revealed seven security updates with the release of Zebra version 7.0.0. Node operators are urged to upgrade before the block number 3,543,405 to ensure compliance with the network’s consensus standards.
4. What does Hong Kong’s new crypto tax reporting regulation entail?
Hong Kong has enacted a law mandating that covered cryptocurrency service providers gather customer and transaction data starting in 2027. Relevant information will be shared with international tax authorities starting in 2028.
5. What was the value of the cryptocurrency stolen in the BitMart breach?
Bitquery estimates that around USD 391,000 was siphoned from wallets linked to BitMart. Founder Sheldon Xia confirmed the breach that occurred on November 2 and noted that the exchange has since enhanced its security protocols.