Daily Summary, 6 November

Daily Summary, November 6

🇷🇺 Regulation in Russia
* Cryptocurrencies will be recognized as jointly acquired property. According to expert forecasts, this will happen in 2026.

🔐 Incidents and Security
* Card blocking after a P2P transfer. In Russia, a woman had all her accounts blocked under Federal Law 161-FZ after she received payment for apartment rent via a p2p transfer from a crypto user.
* Robbery over NFT in Moscow. Three detainees are suspected of robbing a 16-year-old blogger, from whom they took NFT gifts in Telegram, threatening him and shooting into the floor for intimidation.
* A mobile mining farm was detained in Dagestan. In a “Gazelle” van, 72 mining devices were discovered, illegally connected to the electrical grid.
* Singapore has toughened punishment for cyber fraud. Now, guilty men under 50 years old, along with fines and prison, face corporal punishment with caning.

🌍 International News
* Kyrgyzstan launched the stablecoin USDKG. The new token can be exchanged for gold, cryptocurrency, or fiat money.
* Ethiopia has become a hotspot for miners. Thanks to a record low cost of mining BTC (around $20,000), mining in the country has become super profitable.
* Donald Trump spoke about cryptocurrency. In his opinion, digital assets reduce pressure on the US dollar.
* An American lost a lawsuit against the US government. Convicted for data theft, he demanded the return of the confiscated hard drive with more than 3,400 BTC, but the court refused.

📈 Market and Investments
* Demand for BTC updated its historical maximum. According to CryptoQuant, about 350,000 bitcoins were purchased in a month.
* Outflow of funds from spot Bitcoin ETFs and Ethereum ETFs continues. The negative trend has been observed for the sixth day in a row.
* Traders suffered million-dollar losses on HyperLiquid. Seven well-known traders completely wiped out their record profits.

💼 Technology and Business
* Major Ethereum ecosystem projects created a advocacy alliance. The new organization was named the Ethereum Protocol Advocacy Alliance (EPAA).
* Apple will pay Google $1 billion per year. The deal is related to the use of a custom version of Gemini for the updated voice assistant Siri.