Genius launches a new token buyback mechanism, with GSTOCK being the first applicable token.

According to a statement from the U.S. state of Arkansas’ Office of the Attorney General, State Attorney General Tim Griffin has sued Kalshi’s operators—KalshiEX LLC and Kalshi Inc.—accusing them of running an illegal gambling platform within the state and violating the state’s Deceptive Trade Practices Act. Griffin alleged that Kalshi failed to obtain the necessary licenses required to operate gambling in Arkansas, opened its platform to consumers including individuals as young as 18, and encouraged them to wager real money on sports and entertainment events for profit. The state is seeking relief including compensation, fines, unpaid taxes, and injunctions.

According to Yonhap News Agency, an official from South Korea’s Unification Ministry stated on November 5 that the government has not yet begun discussing whether to impose sanctions over North Korea’s alleged theft of cryptocurrencies from Binance. The South Korean government has not fully grasped the specifics of the hacking incident, and relevant response discussions have not been initiated. Earlier, the U.S. Federal Bureau of Investigation (FBI) blamed North Korea for the theft of more than $6 billion in cryptocurrencies from Binance, the world’s largest crypto exchange. Kim Yo Jong, sister of North Korean leader Kim Jong Un, denied the allegations earlier this week, describing them as a "serious political provocation" against North Korea. The Unification Ministry official added that the government still needs to further share information and hold internal discussions.

Glassnode stated in a report that despite Bitcoin (BTC) experiencing a pullback in recent weeks, market trading volumes remain higher than the lows recorded in August this year. Before the August price rally, BTC trading volumes had dropped to their lowest point since 2023. This current trading volume trend indicates that after months of market sluggishness, investor interest in the crypto market remains sustained.

Crypto analyst Adam posted that FOMO's daily perpetual contract trading volume hit a new all-time high yesterday, reaching $414.9 million. Additionally, the perpetual contract business accounted for 43% of the platform's total revenue for the day.

According to Bitget's market data, South Korea's KOSPI index fell 5.6%, with both KOSPI and KOSDAQ triggering their sell-side circuit breakers simultaneously, and SK Hynix's stock price drop widening to 10%.

Asset management giant Schroders has launched its first tokenized investment strategy on Solana. The fund is the Schroder International Selection Fund Emerging Market Bond, with token ticker SISF, offering on-chain investment access to global emerging market sovereign and corporate bonds.