Arthur Hayes: U.S. dollar liquidity is recovering, but Bitcoin is expected to remain weak before the Federal Reserve expands its balance sheet.

Tom Lee (@fundstrat)'s #Bitmine bought another 5,000 $ETH ($11.22M) 6 hours ago. Bitmine now holds 6.065M $ETH ($13.7B), 4.96% of the total supply.

Lawmakers from South Korea’s ruling Democratic Party, under the National Assembly’s Finance and Economy Committee, decided today to propose to party leadership delaying the virtual asset tax originally scheduled for next year. Ruling party whip Wu Gi-hyung said after the meeting that while there was discussion on the principle of “taxation on all income”, most members agreed it would not be appropriate to implement the tax immediately next year, citing the overall external environment, and that policy preparations should be completed first. He added the Finance and Economy Committee will submit its views to party leadership on the matter. On the delay’s length, Wu noted most opinions point to about two years. Currently, only the direction of the delay has been discussed; the specific plan will be reviewed by party leadership before being sent to the policy committee for discussion. Deliberations are expected to resume as early as next week or the week after, with efforts to incorporate the proposal into relevant regulations. Key factors include that overseas tax information exchange is set to enter a substantive phase around 2029, and the Digital Asset Basic Act—likely to be enacted in the first half of next year—could alter the tax system.

According to monitoring from EmberCN, the top-ranked whale address that bought 103 trillion SHIB (17.4% of the total token supply) in 2020 with just 37.8 ETH (approximately $13,700) has transferred out 1.07 trillion SHIB today, valued at around $4.94 million. This batch of 103 trillion SHIB peaked at approximately $9.1 billion in value during the 2021 price peak. The address has sold portions of its holdings in 2021 and this year, totaling 11.73 trillion SHIB at an average price of roughly $0.0000064, generating around $74.74 million in proceeds. It currently holds about 91.6 trillion SHIB, worth approximately $418 million.

Another exchange, @MercadoBitcoin, has been hacked for over $46M! Over $9M in stolen assets has already been frozen. The hacker still holds the following altcoins, which could face selling pressure: 372.99B $PEPE ($1.79M) 12.82K $AAVE ($1.61M) 769.95K $PENDLE ($1.35M) 29.83K

Cathie Wood’s ARK Invest increased its holdings in crypto-related stocks Coinbase (COIN) and Circle (CRCL) while cutting its stake in Bullish (BLSH) across multiple funds in trades on November 2. For crypto-focused transactions, ARKK, ARKW and ARKF collectively bought around 24,800 shares of Coinbase, approximately 35,700 shares of Circle, and sold a total of about 104,200 shares of Bullish. Additionally, ARKF purchased roughly 7,703 shares of Robinhood. On the same day, for non-crypto holdings, ARKK added positions in Twist Bioscience and Pacific Biosciences, and sold its stake in Tempus AI. ARKG primarily bought shares in Illumina, Kymera, GeneDx and others, while selling its holdings in CareDx and Personalis.

Beating AI Express: DeepSeek has demonstrated Harness’s Creator Mode. Harness currently offers four modes: Standard, PTC, Minimalist, and Creator. The Creator Mode allows users to directly have AI develop plugins, modify the software interface, and install them for use in Harness—no coding required. For example, users can request AI to build a timeline-enabled video editing tool, a paper reader with underlining and annotation features, a poster design tool, an interactive 3D model, or even overhaul Harness’s entire interface to a pixel game style. Users only need to describe their requirements; the AI will access Harness’s development APIs, write plugin code, complete installation, and verify functionality. Installed plugins can be saved and reused in future sessions. Beyond interface modifications, the mode also enables adding tools to agents, allowing them to perform operations they previously lacked. In an official demo, the AI created a floating Pomodoro timer, wrote over 600 lines of frontend code, and completed installation and operation in 5 minutes and 24 seconds total. DeepSeek has also released the prompts for 7 demo cases. However, some works were adjusted through multiple rounds of dialogue, meaning identical results cannot be achieved with just a single input.