Crypto Morning Brief: Li Jiaqi's livestream sold 2 trillion tokens in 30 minutes; Strategy added 811 BTC last week

Strategy (formerly MicroStrategy) added 811 BTC last week, bringing its holdings to 849,327 BTC, while separately repurchasing 2,092,035 shares of its STRC preferred stock for about $208.2 million in cash, with roughly $748.6 million remaining under its digital credit securities repurchase program as of Nov. 1. Brazilian exchange Mercado Bitcoin suspended deposits and withdrawals after discovering a security incident involving internal systems on Nov. 2, though it said no customer assets were lost and no data was breached. On-chain sleuth ZachXBT flagged the suspected theft of over $106 million in crypto from a European Union entity's accounts on centralized exchanges on Nov. 1, with the funds—withdrawn in USDC and USDT—being swapped into ETH and XMR and moved across multiple chains via instant exchangers like WellWallet, Kyrrex and Wagyu. Arkham detected the Binance hacker address transferring roughly $4 million to three Binance deposit addresses, possibly belonging to nested services. In a crossover between AI and crypto-adjacent retail, livestream host Li Jiaqi sold 100,000 monthly subscriptions to Qianwen Office (Qwen Office) in 30 minutes, totaling about 2 trillion tokens. Coinbase CEO Brian Armstrong said the company's treasury now holds 18,000 BTC. Marvell announced an all-stock acquisition of Lumentum at an implied enterprise value of about $115 billion, with Lumentum shareholders receiving 4.5 Marvell shares per share (about $1,132 per share, a 23.9% premium to the Oct. 28 close), targeting a combined TAM of $550 billion and over $1 billion in annual cost synergies, expected to close in H1 2028. South Korea will tax gains from US-stock-linked perpetuals on offshore exchanges like Binance at 11% starting 2027, half the