US Stock Futures Dive Further

Zcash is scheduled to roll out its NU7 network upgrade on Thursday evening, which will stop accepting version 4 transactions—the only transaction format currently able to withdraw funds from the Sprout privacy pool. After the upgrade, ZEC remaining in the Sprout pool will be unusable; holders will not be able to withdraw them even with valid private keys. As of Thursday morning, roughly 12,226 ZEC remain in the Sprout pool, a drop of about 10,037 from approximately 22,263 a week earlier. Of the remaining funds, around 9,094 ZEC were withdrawn on Sunday, while only roughly 40 were moved on Wednesday. Valued at roughly $1,300 per ZEC, the remaining assets are worth approximately $16 million. Sprout, Zcash’s first privacy pool launched in October 2016, has since been replaced by newer privacy pools. The upgrade is expected to activate at block height 3,543,405. Based on current block production speeds, it is projected to occur around 9:30 PM ET on Thursday, though exact timing depends on miner block rates and could be delayed to Friday’s Asian hours. The ZIP 2003 protocol leaves open the possibility of restoring access to Sprout funds in the future, but warns that the assets may never be usable again. Additionally, NU7 will cut the target block interval from 75 seconds to 25 seconds to accelerate transaction confirmation speeds.

According to official news, Upbit will list CARDS trading pairs against KRW, BTC, and USDT.

SK Hynix’s Korean shares fell approximately 7.4%. According to TradingBeats monitoring, from around 1 PM yesterday to noon today, Hyperliquid’s SK Hynix spot contract SKHX dropped 6.40% sequentially to $948.69, with open interest rising 14.26%; over the same period, its ADR contract SKHY fell 5.43% to $137.12, while open interest decreased 3.85%. The premium rate of SKHY relative to SKHX climbed from 43.05% to 44.54%, an expansion of roughly 1.48 percentage points. Although both contracts’ quotes declined in tandem, SKHX saw a steeper drop, leading to a further widening of ADR’s relative premium.

According to Bitget market data, A-share-listed Zhongji Innolight fell more than 10% intraday, currently trading at 480.02 yuan, with a trading turnover exceeding 25 billion yuan.

According to a statement from the U.S. state of Arkansas’ Office of the Attorney General, State Attorney General Tim Griffin has sued Kalshi’s operators—KalshiEX LLC and Kalshi Inc.—accusing them of running an illegal gambling platform within the state and violating the state’s Deceptive Trade Practices Act. Griffin alleged that Kalshi failed to obtain the necessary licenses required to operate gambling in Arkansas, opened its platform to consumers including individuals as young as 18, and encouraged them to wager real money on sports and entertainment events for profit. The state is seeking relief including compensation, fines, unpaid taxes, and injunctions.

According to Yonhap News Agency, an official from South Korea’s Unification Ministry stated on November 5 that the government has not yet begun discussing whether to impose sanctions over North Korea’s alleged theft of cryptocurrencies from Binance. The South Korean government has not fully grasped the specifics of the hacking incident, and relevant response discussions have not been initiated. Earlier, the U.S. Federal Bureau of Investigation (FBI) blamed North Korea for the theft of more than $6 billion in cryptocurrencies from Binance, the world’s largest crypto exchange. Kim Yo Jong, sister of North Korean leader Kim Jong Un, denied the allegations earlier this week, describing them as a "serious political provocation" against North Korea. The Unification Ministry official added that the government still needs to further share information and hold internal discussions.