Russia's comprehensive cryptocurrency mining regulations came into effect on November 1, reforming the industry with strict energy caps, mandatory registration, and strict oversight. The law officially defines mining as a legal activity in Russia, sets safety and operational requirements for miners, and creates a structure for trading digital financial assets on specially approved platforms. The framework is designed to provide clarity and oversight for Russia's growing cryptocurrency industry in the face of growing energy demands and concerns about illegal mining activities.

Multichain lending protocol Radiant Capital said on the X platform that following the successful resumption of the Ethereum market from suspension this week, the Base market has also been restored and is fully operational. The delay was due to the need for additional transactions after the activation of the time lock, involving the transfer of the emergency administrator role to a new multisig. This multisig is now in use and is only used for emergency situations, with its authority limited to pausing and resuming the market when necessary.

According to on-chain analyst Ember, Cosmos Network developers sold another 3,500 ETH ($8.72 million) 8 hours ago. Cosmos developers now hold 383.8 BTC and 20,087 ETH, worth $76.68 million. These are the funds they raised through IC0 in 2017.

According to Lookonchain monitoring, the 19.1 million $Pnut sold at a loss by a certain address is now worth more than $1.6 million. The address spent 11 SOL ($1,882) to buy 19.1 million Pnut, and finally sold it at 4.57 SOL ($783), with a loss of $1,099.

Web3 security incidents in October resulted in a total loss of approximately $147 million. According to SlowMist statistics, 28 independent attacks caused losses of approximately $129 million, of which $19.3 million was later recovered. These incidents involved various abuses, including so-called exit scams, account takeovers, and price manipulation. In addition, Web3 anti-fraud platform Scam Sniffer recorded 12,058 phishing victims, who lost up to $18.04 million last month alone.

Strive Enterprises, an asset management firm co-founded by former presidential candidate and current Trump surrogate Vivek Ramaswamy, has announced the launch of a wealth management business that aims to integrate Bitcoin into “standard portfolios of everyday Americans” as a hedge against unsustainable global debt levels, rising fixed income yields, long-term inflationary pressures, ongoing geopolitical pressures, and potentially restrictive currency controls.

Two Ethereum researchers, Justin Drake and Dankrad Feist, simultaneously announced that they would resign from their advisory positions on Ethereum restaking protocol EigenLayer after being compensated with large amounts of Eigen tokens, raising questions about conflicts of interest. "I would like to apologize to the Ethereum community and my colleagues at the Ethereum Foundation for the inconvenience I caused," Drake wrote in the statement. "In hindsight, this was the wrong move on my part."

PANews reported on November 2 that according to Jinshi, JPMorgan analyst Nikolaos Panigirtzoglou pointed out in a report this week that the spot Bitcoin ETF attracted $1.3 billion in new investor funds in the first two days of this week, bringing its total inflows for October to $4.4 billion, making it the third largest month of net inflows since the spot Bitcoin ETF was listed in January.

PANews reported on November 2 that according to Cointelegraph, Ben Gagnon, CEO of cryptocurrency mining company Bitfarms, said that if Trump reduces red tape and increases support and investment in energy and power infrastructure, the United States will consolidate its position as the most competitive place for Bitcoin mining in the world. It is absolutely possible and desirable for the United States to become the number one country in Bitcoin mining.

PANews reported on November 2 that according to the Digital Legal Currency Research Society, Lu Lei, deputy governor of the People's Bank of China, said in the preface to "Theory of Currency" that if the central bank can have no bottom line and the issuance of currency can have no upper limit, then the currency is likely to be replaced by other general equivalents - such as digital assets and stablecoins whose current market value is fluctuating upward.

PANews reported on November 2 that QCP Capital released a weekend summary report, which pointed out that Thursday's core PCE data was slightly higher than expected, while Friday's non-farm payrolls data unexpectedly fell, causing the US dollar index to rebound and regain the 104 level. This week, BTC's net inflow exceeded US$2.1 billion. BlackRock's IBIT had a single-day net inflow of US$872 million, the largest single-day net inflow since its launch in January.

Evelyn Tao, the wife of Zhu Su, co-founder of the bankrupt crypto hedge fund Three Arrows Capital, has sold a luxury home she owns in Singapore for S$51 million ($38.5 million), despite some of the couple's other assets being frozen by the court, Bloomberg reported. The deal was signed in July and completed last month. The so-called Good Class Bungalow sits on Dalvey Road near the Singapore Botanic Gardens and covers an area of 1,446 square meters (15,568 square feet). Evelyn Tao bought the house in 2020 for S$28.5 million and has since redeveloped it.