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Blockonomi
Cryptocurrency News & Your Guide to the Blockchain Economy
11/04/2026 10:54 AM Tether Says It Owns 150,000 Bitcoin, but Where Are the Other 50,000 Coins?
TLDR Tether CEO Paolo Ardoino says the company holds about 150,000 Bitcoin, worth roughly $11.5 billion. Tether’s Q3 reserve attestation implies only about 100,060 BTC. The gap of roughly 50,000 coins is worth close to $3.8 billion. Ardoino did not say where the extra coins are held or when they were bought. Tether’s Q3 excess [...]
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11/04/2026 10:50 AM Hong Kong Banks Scored Just 2.3 Out of 10 on Quantum Readiness, Here Is the Plan to Fix It
TLDR The HKMA and HKUST launched a Post-Quantum Cryptography (PQC) Toolkit for banks on November 2. Hong Kong’s banking sector scored 2.3 out of 10 on the HKMA’s Quantum Preparedness Index in July 2026. The regulator’s target is a full score of 10 by 2030. The toolkit helps banks inventory cryptographic assets, set priorities and [...]
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11/04/2026 10:47 AM South Korea Wants Crypto Law First, Proposes Fourth Delay to 22% Crypto Tax
TLDR South Korea’s ruling Democratic Party has formally proposed delaying the country’s crypto income tax. The tax is set to start on Jan. 1, 2027, and would charge 22% on gains above 2.5 million won. Party leader Kim Min-seok wants the Digital Asset Basic Act passed before the tax begins. If approved, this would be [...]
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11/04/2026 10:44 AM World Liberty Financial Went From 1 Owner to 22 in Court, Now Justin Sun Wants Sanctions
TLDR Justin Sun has asked a federal judge to sanction World Liberty Financial and its lawyers. The company expanded its ownership disclosure from one entity to 22 in August, including UAE citizenship. World Liberty then argued its UAE ties remove the federal court’s jurisdiction over the case. A UAE-backed vehicle agreed to buy a 49% [...]
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11/04/2026 10:40 AM Block Stock Jumps as Cash App Booms While Bitcoin Profit Halves
TLDR Block’s Bitcoin ecosystem gross profit fell 50% to $52 million after it cut fees on some Cash App Bitcoin trades. Total gross profit rose 22% to $3.24 billion, and net income climbed to $566 million. Cash App gross profit grew 27% to $2.07 billion, with 60 million monthly transacting users. Block raised its full-year [...]
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11/04/2026 10:37 AM Binance $6.3B Hack Started With a Fake Installer Five Months Earlier
TLDR Binance’s $6.3 billion hack on October 29 traces back to a fake software installer downloaded in June. A fake job recruitment process in September gave attackers a second foothold inside the exchange. CoinEx founder Haipo Yang says three basic security practices could have stopped the theft. Binance says it has replenished 98% of affected [...]
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11/04/2026 10:33 AM Crédit Mutuel Arkéa Named in $133M Crypto Theft as Stolen Funds Flow Into Monero
TLDR Onchain investigator ZachXBT named French bank Crédit Mutuel Arkéa as the alleged victim of a crypto theft worth more than $133 million. The funds were taken from multiple centralized exchange accounts as USDC and USDT over several days. The attacker swapped USDC for ETH, used instant exchanges, and converted funds to Monero through Wagyu. [...]
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11/04/2026 10:30 AM Coinbase Wins New Jersey Staking Fight, but Four States Still Stand in the Way
TLDR New Jersey dropped its 2023 lawsuit against Coinbase over its staking program. The state also lifted a cease-and-desist order, so residents can earn staking rewards again. Wisconsin, Maryland, California, and Washington still have staking restrictions or disputes with Coinbase. Morgan Stanley downgraded Coinbase to Underweight and cut its price target from $258 to $120. [...]
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11/04/2026 10:28 AM Trust Wallet Drain Claim Puts Spotlight on Permit Signatures and Token Permissions
TLDR A Trust Wallet user says 3,830 USDT disappeared from his wallet with no approval request or warning. He shared a transaction hash and says he has used the same wallet for about five years. A second user says a fake support agent on NEAR Protocol’s Discord drained his wallet. Past attacks used permit signatures [...]
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11/04/2026 10:24 AM Akash Holders Vote to Leave Cosmos for Solana, Ending AKT Staking Rewards
TLDR Akash Network holders passed Governance Proposal 346 with 97.27% voting yes. AKT will launch as an SPL token on Solana in about two to three weeks. A one-way, 1:1 migration portal will stay open for two years. Staking rewards end at cutover, and validators lose their role 90 days later. No cutover date is [...]
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