Crypto Today: November 5, 2026

Each fact links to the outlet that reported it: check the original before relying on it. Not investment advice.

Two shocks outside crypto’s usual orbit dominated the day: Paraguay’s president resigned after the collapse of the Ueno digital bank, and a Nasdaq-led selloff in AI stocks erased Bitcoin’s post-election gains. Meanwhile the fallout from last week’s record $6.3 billion Binance hack kept spreading, and bitcoin miners deepened their shift into AI data centers.

Markets snapshot

• BTC: $75,593.00 (-6.1% over 24 hours)
• ETH: $2,227.21 (-8.3% over 24 hours)
• SOL: $89.50 (-6.6% over 24 hours)

Prices as of Thursday, November 5, 2026.

Stablecoins & Payments

Paraguay’s president resigns after Ueno digital bank collapse locks depositors out

Paraguayan President Santiago Peña has submitted his resignation after Ueno, a digital bank, collapsed and left millions of customers unable to reach their money. The central bank is preparing deposit-guarantee payments, and dollar-stablecoin (USDT) offers in Paraguay now trade at a steep premium.

• Ueno Bank’s collapse left millions of Paraguayan customers unable to access their funds; Decrypt says the lockout affects about 60% of the country. (Cointelegraph, Decrypt)
• Lawmakers approved impeachment proceedings with 78 votes. (The Defiant)
• Santiago Peña submitted his resignation on Nov. 5 amid scrutiny of his former ties to Ueno’s parent company. (The Defiant, Cointelegraph)
• Paraguay’s central bank outlined a first payout group of Ueno depositors under its deposit-guarantee scheme. (The Defiant, The Defiant)
• Bybit listings showed USDT offers in Paraguay at about a 13% premium, a gap between buying and selling prices after Ueno’s closure. (The Defiant)
• Decrypt framed the episode as reviving the argument for bitcoin self-custody. (Decrypt)

Context: Ueno is a digital-only bank whose parent company Peña was previously tied to, according to Cointelegraph. USDT is Tether’s dollar-pegged stablecoin, which people often use as a dollar substitute when local banking access fails.

Why it matters: A banking failure that locks out a large share of a country’s population and topples a head of state is a rare, severe event. The USDT premium shows people turning to stablecoins when the banking system stops working.

Disputed or unconfirmed: The 60%-of-the-country figure comes from Decrypt’s headline; the other outlets say only ‘millions’ of customers. Impeachment proceedings and the resignation are reported together, and the articles do not detail how they relate.

Watch next: The first deposit-guarantee payments to Ueno depositors and the process for choosing Peña’s successor.

Security & Hacks

Binance hack fallout widens across regulators, DAOs and crime-fighting alliances

US bank regulators are checking whether banks were exposed after last week’s $6.3 billion Binance hack, Binance is asking Arbitrum’s DAO to release frozen funds, and a Tether/Tron anti-crime unit was shut down two months before the breach.

• Funds began leaving Binance hot wallets on Oct. 29; Binance put the loss at $6.34 billion, and Chainalysis and TRM Labs linked the attack to TraderTraitor, a North Korea-associated unit. (Bitcoin Magazine, Bitcoin Magazine)
• Binance says it froze or intercepted about $2.85 billion of the stolen assets and replenished 98% of affected tokens from its own funds; Tether says it froze over $1.567 billion in USDT. (Bitcoin Magazine, Bitcoin Magazine)
• Federal Reserve and OCC supervisors began contacting US banks on Monday (Nov. 2) to ask about unusual activity or disruption, Reuters reported on Thursday. (Bitcoin Magazine, Cointelegraph)
• Binance asked ArbitrumDAO to release frozen ETH and ARB so recovered assets can replenish reserves covering customer losses; Binance expects the governance process to take seven weeks or longer. (The Defiant)
• Bloomberg reported that the T3 Financial Crime Unit, a Tron, Tether and TRM Labs alliance, was shut down in late August after coordination problems; the companies confirmed it had wound down. (Bitcoin Magazine)
• Elliptic said about $220 million of stolen TRX has been laundered through the Tron blockchain. (Bitcoin Magazine)

Context: T3 froze over $450 million of illicit funds by May, using Tether’s ability to freeze USDT. Binance said the attack started with a fake job interview and ran five months before any coins moved. Background: the title of the headline also mentions a proposed Polygon fork to recover funds, but the supplied articles give no details on it, so it is not covered here.

Why it matters: Regulators are treating the theft as a possible risk to traditional finance, not just to crypto exchanges, at a time when banks do more crypto custody and stablecoin work. The T3 shutdown shows a key freezing channel was gone when the breach happened.

Disputed or unconfirmed: Attribution to North Korea rests on blockchain analysis firms, not an official finding in these articles. Binance said it was unaware of the bank-regulator conversations. Tron and Tether did not comment on the details of the Bloomberg report.

Watch next: The ArbitrumDAO governance process on Binance’s request, which Binance expects to take seven weeks or longer.

Mercado Bitcoin drained for hours after saying hack was contained; reopening is view-only on Nov. 9

Blockchain forensics indicate the Brazilian exchange’s attacker kept draining customer deposit addresses after the exchange said the breach was stopped. The exchange plans a view-only reopening on Nov. 9 and says it will cover losses.

• Mercado Bitcoin said on Monday that the attack had been contained. (Decrypt)
• Forensic analysis traced $48.6 million across 11 blockchains and found thousands of customer deposit addresses drained hours after that statement. (Decrypt, CoinDesk)
• The exchange said on Nov. 4 that a phased reopening starts Monday, Nov. 9, with customers only able to view holdings while withdrawals and trading stay suspended pending security checks. (Cointelegraph, The Defiant)
• Mercado Bitcoin says it will use company funds to replace affected assets. (Cointelegraph, The Defiant)
• The same attacker took about $391,000 mostly from wallets that Bitquery ties to BitMart, whose founder confirmed a Nov. 2 hack and suspects a link. (CoinDesk)

Context: Mercado Bitcoin is a major Brazilian exchange. Bitquery is a blockchain data provider.

Why it matters: If the attacker was still draining wallets after the all-clear, customers were given incorrect assurance. It also hints at a possible link between two exchange hacks.

Disputed or unconfirmed: Mercado Bitcoin said the hack was contained; the forensic analysis says draining continued. The BitMart link is a suspicion by BitMart’s founder, not established.

Watch next: The view-only reopening on Nov. 9 and when withdrawals and trading resume.

AI & Crypto

Bitcoin miners pivot to AI: Riot names Anthropic in $28 billion lease, TeraWulf has Google backstop

Riot Platforms disclosed Anthropic as the tenant of a roughly $28 billion, 15-year Texas data-center lease, with financing terms that could put 12% interest on Riot. TeraWulf’s $19 billion AI project lets Google take a stake if Anthropic fails to pay.

• Riot’s quarterly filing on Wednesday named Anthropic as tenant of the Corsicana, Texas lease, signed Oct. 28 and binding from Nov. 4, covering 910 MW of IT capacity. (Bitcoin Magazine, CryptoSlate)
• Base rent starts at $130 per kilowatt per month and rises 3% a year; Riot puts the initial-term contract revenue at about $28 billion. (Bitcoin Magazine, CryptoSlate)
• Riot must reimburse Anthropic up to $4 million per MW for modules; if market financing is unavailable, it instead gives rent credits with 12% annual interest. Riot’s base case is non-recourse project debt for about $5.5 billion in total costs. (Bitcoin Magazine, CoinDesk, CryptoSlate)
• Riot cannot curtail Anthropic’s power load or join voluntary demand-response programs without consent. (Bitcoin Magazine, CryptoSlate)
• Riot sold 20,264 BTC for about $1.5 billion in the first nine months of 2026 to fund the build. (Bitcoin Magazine, CoinDesk)
• TeraWulf’s $19 billion data-center agreement lets Google acquire part of the project if Anthropic defaults on rent. (CoinDesk)

Context: Riot and TeraWulf are publicly traded bitcoin miners converting power-rich sites into AI data centers. Delivery is phased through July 2028, with late-delivery rent credits and termination rights for Anthropic. Background: the headline also mentions Core Scientific exiting mining; the supplied articles do not cover it, so it is omitted.

Why it matters: Large miners are shifting from mining to leasing capacity to AI firms, selling bitcoin and giving up flexible power use. Most delivery risk sits with Riot.

Disputed or unconfirmed: The $28 billion is contracted revenue over the initial term, not cash received or profit. Riot, an interested party, supplied the $54 billion figure with both extensions.

Watch next: The first Corsicana block, targeted for June 28, 2027.

Markets

Bitcoin erases post-election gains as AI-stock selloff triggers over $1 billion in liquidations

A sharp tech-stock drop spilled into crypto, pushing bitcoin to around $75,600 to $76,800 and wiping out Wednesday’s rally, with roughly $1 billion in leveraged positions liquidated, mostly longs.

• Bitcoin rallied on Nov. 4 after Democratic midterm wins, partly helped by short covering. (Decrypt, CryptoSlate)
• On Thursday the Nasdaq Composite fell 4.9% into correction territory and the S&P 500 fell 3.2%, amid concern over AI spending and data-center restrictions. (CryptoSlate)
• Bitcoin hit an intraday low of $75,568 and recovered to about $76,830 at CryptoSlate’s press time. (CryptoSlate, The Block)
• CoinGlass data showed about $1 billion in liquidations over 24 hours across 201,000 traders; longs were $926.8 million, with $264.2 million in BTC and $165.3 million in ETH. (CryptoSlate, The Block)
• Decrypt cited a smaller $428 million in longs wiped out, while CoinDesk reported crypto held up relatively better than AI stocks. (Decrypt, CoinDesk)

Context: Liquidations occur when leveraged trades are force-closed after prices move against them. At 23:02 UTC on Nov. 5 Bitcoin was $75,593 (-6.1% in 24 hours), Ethereum $2,227 (-8.3%) and Solana $89.50 (-6.6%).

Why it matters: Crypto is trading closely with AI-linked equities and the political reading of the midterms, and leveraged long positions amplified the drop.

Disputed or unconfirmed: Liquidation totals differ by outlet and time window: about $1 billion (CoinGlass via CryptoSlate and The Block) versus $428 million of longs (Decrypt). The causes cited, from AI-spending worries to excess leverage, are commentators’ interpretations.

Watch next: Whether tech stocks stabilize and whether bitcoin holds near current levels.

Quick hits

• Arkansas sued prediction market Kalshi, alleging illegal gambling operations that cause mental harm, joining other states taking legal action. (The Block)
• Hong Kong passed a law requiring crypto exchanges to collect customer and transaction data from 2027 and share it with overseas tax authorities from 2028. (CoinDesk)
• A fake Microsoft Teams invite compromised a SignalPlus engineer’s computer, leading Binance and Deribit to revoke API keys; losses were under $82,000 and SignalPlus pledged to reimburse them. (Cointelegraph)
• Base said users were unaffected by a Reth state-root bug and released node v1.5.3; Gauntlet restricted new deposits to its V1 vaults, and no exploit has been tied to the bug. (Unchained)
• Paradigm’s Justin Slaughter called the CLARITY Act dead for the lame-duck session and said House Democrats are reportedly drafting a broader market-structure bill that could shift more oversight from the CFTC to the SEC. (Unchained)
• Zcash’s upcoming upgrade will stop withdrawals from the legacy Sprout pool, leaving about $16 million locked. (Decrypt)