
Crypto.com pulls Hong Kong consumer app while still seeking VATP approval.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

November 3, 2026

Your Daily Digest of the 🔥Hottest News in Crypto.

Today’s top stories

🏦 Kraken restricts accounts linked to suspected $133M EU crypto theft
📱 Crypto.com to pull Hong Kong consumer app in February
🪙 French lawmakers reject crypto exit-tax proposals
📰 Keep reading for all of today’s biggest headlines

Kraken restricts accounts amid suspected $133M EU crypto theft

Kraken has restricted accounts tied to a suspected theft of more than $133 million from an unidentified EU entity, saying its systems and customer accounts were not compromised and that it is working with law enforcement to support recovery. Crypto.com said it blocked funds associated with the third-party incident, while OKX said it was looking into the matter. Blockchain investigator ZachXBT raised the suspected losses from $106 million to $133 million and alleged a possible cover-up by a large Western European financial institution, though the victim’s identity and cover-up claims remain unverified.

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Crypto.com to withdraw Hong Kong consumer app citing regulatory changes

Crypto.com will shut down its consumer app services in Hong Kong on Feb. 1, 2027, citing regulatory changes in notices to users, a company spokesperson confirmed. Affected customers have been told how to close accounts and withdraw funds, while Crypto.com continues pursuing a Hong Kong virtual asset trading platform license for its institutional exchange through a separate entity. The company said the move reflects efforts to optimize global operations and focus on sustainable long-term opportunities, though it did not specify which regulatory changes prompted the decision.

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[Cointelegraph Acceleration]

Token infrastructure shifts from launch mechanics to economic stress testing

Tokenization is moving deeper into financial infrastructure, exposing a weakness in how digital assets are built: many launch without rigorous testing of supply, vesting, liquidity or treasury assumptions. That gap can leave economic models vulnerable once real capital and market behavior enter the system.

Kenomic is addressing the problem with a chain-agnostic, simulation-first lifecycle stack, structured around Design, Validate, Launch and Manage modules. Its tooling creates digital twins of token economies, stress-tests them across thousands of scenarios and carries validated parameters into deployment and post-launch operations.

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France postpones 2027 budget vote, crypto exit-tax proposals scrapped

France’s National Assembly postponed its vote on the 2027 budget’s revenue section for a second time, opting to continue debate Tuesday with 758 amendments still pending ahead of the Nov. 17 first-reading deadline. Lawmakers rejected two proposals that would have imposed exit taxes on unrealized crypto gains when taxpayers moved their tax residence abroad. Other crypto-related measures remain under debate, while a proposal approved Oct. 16 to tax gains on crypto-to-stablecoin conversions has not become law.

Bitcoin price threatens $77.7K support loss with recent buyers underwater

Bitcoin has slipped below the realized price of buyers who entered one to three months ago, putting the $77,700 cost basis at risk of becoming new resistance. With BTC trading near $76,500, CryptoQuant warns that underwater recent buyers may sell as price returns to breakeven, adding overhead pressure.

Below $77,000, Bitcoin is also nearing the short-term holder realized price of about $75,832, a key support area. If that fails, analysts point to an MVRV reading of 0.85 as the next psychological support zone, described as a possible “tactical capitulation” or “short trap” level.