Crypto’s November 4 news spans exchange security, corporate earnings and new ways to bring traditional investments onto blockchains. Here are ten announcements and fresh disclosures from today, including Binance’s reserve update, Schroders’ Solana debut and South Korea’s proposed crypto tax delay.
Circle Reports $865 Million in Quarterly Revenue and Reserve Income
Circle’s third-quarter results showed combined revenue and reserve income of $865 million, up 17% from a year earlier. The total included $182 million from the ARC token presale, while income earned on reserves fell 8% to $658 million. The USDC issuer also disclosed a 5% workforce reduction and approximately $9.1 million in restructuring expenses.
Binance Expands Its Latest Reserve Snapshot to 44 Tokens
Binance announced a November 4 reserve snapshot covering 44 tokens, expanding the scope from ten in its preceding update. The exchange said generating the accompanying cryptographic proof would take another 50–60 hours, so the announcement did not represent a completed verification. It also reiterated that approximately 98% of the assets affected by the recent hack had been replenished, with purchases of less liquid tokens still underway.
Schroders Makes Its First Fund Deployment on Solana
Centrifuge announced a Solana-based investment product that gives holders tokenized exposure to Schroders’ Emerging Market Bond fund. The launch marks Schroders’ first deployment on the network and brings an actively managed emerging-market debt strategy into its blockchain ecosystem. Schroders continues to manage the underlying investment strategy, while Centrifuge provides the tokenization infrastructure.
Coinbase Details How It Protects Customer Holdings
Coinbase said in a security update that more than 99% of customer assets are kept in cold storage, with online wallet balances adjusted to meet withdrawal demand. The company described safeguards including distributed signing controls, transaction limits and systems designed to flag unusual activity. Coinbase also said the Binance incident had not affected its platform.
BitGo Introduces Global Markets Business
BitGo launched Global Markets to bring institutional trading, borrowing, derivatives and settlement services together within a dedicated business. Former NYDIG executive Pete Janney will lead the division, which also offers investment strategies and structured products for eligible clients. Its financing services allow customers to borrow against crypto collateral held in qualified custody.
South Korea’s Ruling Party Formally Requests Crypto Tax Delay
South Korea’s Democratic Party leader Kim Min-seok formally asked the government to postpone the crypto income tax scheduled to begin on January 1, 2027. He argued that the country should establish its Digital Asset Basic Act first and give market participants time to adjust. The request remains a proposal; it does not itself change the tax’s scheduled start date.
Tether Reports $3.44 Billion in Gold Backing for XAUT
Tether’s newly released third-quarter figures put the gold backing XAUT at approximately 827,418 fine troy ounces, worth $3.44 billion as of September 30. The physical gold holdings had increased 59% since the end of 2025, reaching roughly 25.7 tonnes. According to Tether, each XAUT token represents one fine troy ounce of gold held in Swiss vaults.
Crédit Mutuel Arkéa Confirms Attack After Investigator Identifies Bank
French banking group Crédit Mutuel Arkéa confirmed that an attack had enabled fraudulent transactions, saying it had brought the incident under control and temporarily restricted some transactions. Blockchain investigator ZachXBT linked the bank to suspected theft exceeding $133 million, although the bank did not confirm that amount or specify whether the stolen funds were originally fiat or crypto. A spokesperson said customers would face no financial consequences from the incident.
FinChain and Plume Launch Leveraged Yield Product
FinChain announced FLEX & FINO with Plume, introducing a borrowing-based strategy for its FUSD token, which is backed by tokenized short-term U.S. Treasuries and money market funds. Participants can pledge FUSD, borrow USDC and place the borrowed funds in liquidity pools to seek additional income. FinChain projects annualized returns of up to 7.2% under its stated assumptions, rather than a guaranteed payout.
Change Lending Selects Profitr for Mortgage Tokenization
Change Lending and Profitr announced an agreement to develop a marketplace where institutional investors can buy and sell tokenized residential mortgage loans. Change Lending appointed Profitr as its exclusive tokenization partner, with the planned expansion drawing on Profitr’s Avalanche-based technology. The companies intend to connect Change’s mortgage origination and investor networks with blockchain-based ownership, trading and settlement.