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Justin Sun seeks $264K sanctions over World Liberty’s UAE disclosure

Sun plans to refile his token-freeze lawsuit in California state court after the sanctions motion is resolved. A hearing is set for Dec. 10. Tron founder Justin Sun is seeking $263,821.20 in sanctions against World Liberty Financial and its lawyers, accusing the Trump family-linked crypto company of submitting a misleading court disclosure about its ownership in a legal dispute over his $45 million WLFI token investment. In a federal court filing, Sun and two co-plaintiffs alleged that World Liberty initially listed Florida as its sole citizenship before amending its disclosure nearly three months later to identify 22 individuals and entities in its ownership chain, including those in the United Arab Emirates. “World Liberty presumably always knew who its owners were,” Sun said. “When we a…

Read at Cointelegraph.com

Bitcoin ETFs lose $1.16B as Bitwise calls selling ‘short-term’

Bitwise’s André Dragosch attributed Bitcoin ETF outflows to weaker market sentiment, saying institutions have largely maintained their exposure. US spot Bitcoin exchange-traded funds (ETFs) recorded more than $1 billion in net outflows over three trading days, but crypto asset manager Bitwise says the withdrawals do not signal a lasting retreat by institutional investors. Investors pulled another $116 million from the funds on Tuesday, bringing net outflows since Friday to $1.16 billion, according to SoSoValue data. “I do think it’s related to a short-term risk-off environment rather than a structural change in institutional sentiment,” Bitwise’s head of research, André Dragosch, told Cointelegraph.

Read at Cointelegraph.com

Binance hackers move 81% of stolen Solana, route funds via THORChain

The Binance attackers moved most of the stolen SOL and continued laundering funds through THORChain after the protocol resumed swaps. The attackers behind the $6.3 billion Binance hack have moved about 81% of the stolen Solana (SOL) as they continue laundering assets through the cross-chain swap protocol THORChain. Wallets grouped under the Binance hacker entity held 182,443 SOL (worth $16.9 million), or roughly 18.8% of the total 970,522 SOL stolen during the exploit, according to blockchain data platform Arkham. Lookonchain reported on Wednesday that the attackers split SOL across multiple wallets, selling it for USDC, bridging to Ethereum to buy Ether, and ultimately swapping ETH for Bitcoin (BTC) via THORChain.

Read at Cointelegraph.com

Democrats win US House to secure control of Congress in midterms

Democrats will take control of House committees in January 2027, giving them power to investigate President Donald Trump’s administration. Update (Nov. 4, 2026, 11:24 am UTC): This article has been updated to include comments from CertiK’s Stefan Muehlbauer on the election results and the outlook for US crypto legislation. Democrats have won control of both chambers of the US Congress in the midterm elections, giving the party greater influence over legislation and oversight of President Donald Trump’s administration. The party won House seats in districts where Trump beat his Democratic opponent by as much as 18 percentage points in 2024. Democrats also flipped at least seven Senate seats in Kansas, Iowa, Texas, Ohio, Maine, North Carolina and South Carolina, according to the Associated P…

Read at Cointelegraph.com

Bitcoin bounces from 7-week low under $76K as Democrats sweep Congress

Bitcoin price downside reached a seven-week-low of $75,618 as 24-hour crypto long liquidations neared $300 million. Bitcoin (BTC) sought to erase 3% overnight losses on Wednesday as crypto markets digested the Democratic sweep of the midterm elections. Key points: Data from TradingView showed BTC/USD falling into Tuesday’s daily close as election results came in, with Democrats going on to win control of both the House and Senate. The pair dropped to a low of $75,618 on Bitstamp, a level last seen on Sept. 16, before rebounding as high as $78,039 over the next three hours.

Read at Cointelegraph.com

Copilot AI Predicts an Explosive Q4 Move for NEAR Protocol

Something potentially significant could happen for NEAR Protocol by early 2027. Microsoft Copilot AI predicts a highly speculative, unlikely scenario that could send NEAR soaring to new heights.The concept involves a coordinated initiative in which a consortium of major technology companies and leading AI research institutions designates NEAR Protocol as the primary high-performance blockchain for …

Read at Cryptonews.com

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