F2Pool co-founder Wang Chun sold 6,200 wstETH yesterday during ETH's rapid rebound.

According to PR Newswire, American Bitcoin Corp. (ABTC), a Nasdaq-listed Bitcoin mining company, released its Q3 2026 financial results. The company posted a net profit of approximately $126 million for the quarter, compared to a net loss of $57.2 million in the prior quarter; adjusted EBITDA came in at around $221 million, versus an adjusted EBITDA loss of $45 million in Q2. For mining operations, Q3 mining revenue was roughly $63.4 million, a slight decrease from $67 million in Q2, with total Bitcoin mined at about 891, down from 932 in Q2. Gross profit stood at $25.8 million, with a gross margin of 41%—lower than the 49% recorded in Q2—driven primarily by seasonal increases in electricity costs. The per-Bitcoin mining cost for the quarter was approximately $42,100, compared to $36,500 in Q2. As of September 30, the company owned roughly 89,242 mining rigs, with a hashrate of 28.1 EH/s. On the strategic reserves front, the firm’s Bitcoin holdings rose from about 8,002 as of June 30 to around 8,427, adding roughly 425 coins for a 5% quarter-over-quarter increase. The Satoshis Per Share metric grew from ~10,989 to ~11,572, also a 5% rise. American Bitcoin noted it did not issue new shares via an ATM (at-the-market) program during the quarter, nor did it purchase Bitcoin on the open market. Its holdings include approximately 3,090 Bitcoin pledged under Bitmain mining rig purchase agreements. American Bitcoin is a subsidiary of Hut 8 Corp., with Eric Trump serving as its co-founder and chief strategy officer.

According to Cointelegraph, Sheldon Xia, founder of crypto exchange BitMart — which has announced its shutdown and restructuring — stated in a post that following the latest hack, the platform’s security team is "severely understaffed" but remains committed to safeguarding user data and assets. Xia confirmed a new attack occurred on Monday, noting the amount involved is small without disclosing specific figures. Blockchain analytics firm Bitquery’s investigation found approximately $391,000 in suspicious transfers from BitMart-associated wallets across three blockchains; the funds are linked to wallets involved in the November 2 theft of over $46 million from Brazilian exchange Mercado Bitcoin, supporting the initial assessment that the same group may be responsible. Xia also added that threats targeting employees and alleged retaliation by former staff have made retaining key technical positions more difficult. BitMart previously announced in July it would halt trading on August 26 and cease operations in January 2027. The restructuring plan unveiled Monday includes three user recovery options: liquid asset distribution, recovery-linked tokens, and others, with plans to seek court approval in December or January.

Former product lead for Anthropic’s Claude Code and Cowork products, Cat Wu (Catherine Wu), announced on social media that she will join OpenAI as Head of Product Management for Core Products. Wu stated that she greatly admires OpenAI, as it has proven to the world that the "scaling works" principle is effective, brought AI to over a billion people, and firmly believes great products are central to its mission.

Beating AI News Brief: OpenAI releases Images 2.6 image generation model, ChatGPT can now directly create GIFs. Input a text description or upload a photo to bring images to life. Users can also adjust animation speed, edit frame by frame, and even turn simple hand-drawn sketches into moving cartoon characters — operations that previously couldn’t be completed in one step on ChatGPT. Besides animating images, the new version solves a common pain point in image generation: repeated edits often distort characters, products, and even brand logos. Images 2.6 enhances consistency across multi-round edits, while boosting image generation speed by 50%. Developers can access two new models via API: Flare prioritizes speed, generating images in as fast as 6 seconds even at low quality; Sunburst focuses more on image quality and details, ideal for complex designs requiring repeated edits. Additionally, the API now supports marking areas for modification on images, exporting SVG vector graphics, and adjusting the model’s processing intensity for complex scenes. This update is now available to all ChatGPT and Codex users worldwide across all subscription tiers, with both models launched on API. OpenAI disclosed that global users now generate around 4 billion images weekly via ChatGPT, Codex, and API — a 1 billion increase from September this year, just two months prior.

Brazilian crypto exchange Mercado Bitcoin has announced an update, stating it will gradually resume services via its official website starting next Monday (November 9). The first phase will only allow website login, enabling users to check balances, bills, assets, and portfolios; deposit, withdrawal, and trading functions will be rolled out sequentially after final security verification of each module. The platform reiterated that customers will not lose assets due to the security incident, with account balances remaining registered in their respective accounts. Mercado Bitcoin will use its own funds to cover incident-related assets and prepare to launch necessary repurchases in domestic and international markets. The company said that in collaboration with Tether, Circle, Paxos, BRL1, Chainalysis, and the crypto community, more than $15 million worth of assets have been frozen to prevent attackers from transferring or liquidating them, and efforts to recover the funds are ongoing. Regarding the recovery timeline, Mercado Bitcoin noted its platform is an integrated system covering custody, deposits, trading, and balance management, so restarting is not simply bringing servers back online. Each environment and trading process is undergoing independent stress tests, and investigations are still underway in collaboration with regulatory authorities. The company also added that it recently received a $20 million investment from Tether for business expansion (not liquidity emergency support), bringing its total historical funding to around $3 billion from investors including SoftBank, 10T Holdings, and Tribe Capital.

According to data from Bitget’s stock platform, South Korean stocks were broadly lower during intraday trading. As of around 10:16 Korea Standard Time (KST), the KOSPI benchmark index stood at approximately 5,420 points, down nearly 4.6%, while the KOSDAQ index was around 686 points, falling more than 4% — both indices dropped below their key thresholds of 5,500 and 700 points respectively. Semiconductor leading stocks led losses: Samsung Electronics fell over 8%, SK Hynix declined more than 10%, and Samsung Electro-Mechanics dropped nearly 12%. Non-AI related stocks such as automakers were relatively resilient, with Hyundai Motor rising around 1%. On the Korea Exchange’s spot market, foreign investors recorded a net sell of roughly 947.7 billion won on the day, with individual and institutional investors stepping in as buyers.