Kraken announced on November 3 that European Union traders can now use Bitcoin, Ethereum, and approved stablecoins as collateral for perpetual futures on Kraken Pro. The exchange operates under MiCA and MiFID II regulations, with oversight from Ireland's Central Bank and Cyprus Securities and Exchange Commission. The platform reported $648 million in third-quarter revenue, marking a 50% quarterly increase.

Hong Kong's Securities and Futures Commission has introduced regulatory changes allowing licensed crypto exchanges to access liquidity from overseas affiliates and enabling new platforms to serve professional investors without the previously required 12-month operational track record. The regulator also announced modified licenses for custody providers and plans to issue frameworks for stablecoin issuers and crypto dealers by next year.

DeFi protocol Balancer lost approximately $128.6 million across multiple blockchains on Monday through an exploit targeting V2 Composable Stable Pools, data show. Hong Kong's Securities and Futures Commission announced it will permit locally licensed crypto exchanges to share global order books with overseas platforms to enhance liquidity and price discovery.

The global cryptocurrency market capitalization fell more than 4% to $3.54 trillion on November 3, triggering $1.13 billion in liquidations across nearly 300,000 trader positions. Bitcoin dropped below $107,000 with a 4% decline, while Ethereum fell to $3,621 after losing over 6%. Data show long positions accounted for $1.05 billion of total liquidations, reflecting widespread overleveraged bullish exposure.

Ripple launched a digital asset spot prime brokerage platform for U.S. institutional clients, offering over-the-counter trading for XRP, RLUSD, and other major cryptocurrencies. The platform debut follows Ripple's $1.25 billion acquisition of Hidden Road, which closed last month after the deal was announced in April.

Cryptocurrency exchange Bybit released its 27th monthly reserves report on October 22, showing Bitcoin holdings declined 3.13% to 63,980 BTC and Ethereum balances dropped 5% to 542,165 ETH. USDT holdings surged 27.89% to 6.389 billion tokens. All assets maintained reserve ratios above 100%.

Polymarket recorded 477,850 monthly active traders in October, marking an all-time high and a 93.7% increase from September's 246,610 users. The platform's monthly volume rebounded to $3.02 billion during the period. Regulated competitor Kalshi exceeded Polymarket with $4.4 billion in total volume for the same month.

Transaction volume for stablecoins on Ethereum reached $2.82 trillion in October, up 45% from September's $1.94 trillion. USDC accounted for $1.62 trillion in monthly volume, while USDT processed $895.5 billion, data show.