Democrats sweep Congress; crypto industry braces for tougher Washington fight and Clarity Act may be dead
The loss of Republican control of both chambers upends two years of a friendly legislative climate, and industry experts warn market structure legislation in it
Theblock · +14 outlets
Bitcoin rebounds past $80,000 after midterm dip and $6.3B Binance hack, with longs squeezed on the recovery
BTC slid to roughly $75,600 on election-night returns before reclaiming $80,000, a recovery that came despite multi-day ETF outflows and the largest exchange br
Theblock · +14 outlets
Bitcoin ETF outflows pass $1B as Bitwise calls institutional selling short-term; Strategy adds 811 BTC
Bitwise argues institutions have largely kept exposure while weaker sentiment drives redemptions, even as Strategy kept buying and BlackRock's IBIT saw a $405 m
Cointelegraph · +6 outlets
North Korean hackers resume laundering Binance loot through THORChain; 7,500 BTC from SAFU moves again
TraderTraitor is swapping ether for bitcoin via THORChain, and the SAFU coins have been routed to an unlabeled address, raising questions for Wall Street's toke
Coindesk · +3 outlets
Aave and Lido lose $1.7B in DeFi capital drop after Binance hack; Coinbase says 99% of client assets in cold storage
Stablecoin contraction preceded the breach and Aave's temporary freeze exposed the gap between collateralized loans and available withdrawal cash, while Coinbas
Cryptoslate · +2 outlets
Bernstein cuts price targets on seven bitcoin miners as Democrats' Texas win threatens AI data center buildout
Miners pivoting to AI hosting face new uncertainty over power access and permits, while companies with approved projects may gain from tighter supply.
Coindesk · +5 outlets
Riot tops revenue estimates and signs $28B Corsicana AI lease, shares jump 20%
Riot is selling bitcoin to fund its AI data center expansion, a shift that offset weak mining economics this quarter.
Cointelegraph · +9 outlets
Morgan Stanley among first banks to tokenize US equities and Treasurys via DTCC service
The move follows DTCC's late-October launch of its Tokenization Service and extends Wall Street's push to put traditional securities onchain.
Theblock · +14 outlets
Schroders launches tokenized emerging markets debt fund on Solana with Centrifuge
The $1.1 trillion manager brings an actively managed bond strategy onchain, widening the range of tokenized funds beyond money market products.
Theblock · +12 outlets
Circle beats estimates with $865M quarterly revenue and reserve income, cuts 5% of workforce
USDC transaction volume drove the beat, with net income from continuing operations of $226 million, even as the stablecoin issuer trimmed staff.
Theblock · +4 outlets
ZachXBT links Credit Mutuel Arkea to $133M crypto theft; Crypto.com blocks related funds
The blockchain sleuth says the French bank likely lost funds from exchange accounts, and believes the attacker is not tied to North Korea's Lazarus Group.
Coindesk · +11 outlets
Block books $764M for planned DOJ settlement over Bank Secrecy Act charge; bitcoin gross profit falls 50%
The proposed agreement would resolve an anti-money-laundering probe, while lower Cash App trading fees halved quarterly bitcoin gross profit.
finance.yahoo · +8 outlets
Strategy reports Q3 bitcoin windfall; CEO says BTC capital cycle intact as shares rise 7%
The treasury company's earnings leaned on bitcoin gains, though funding risk remains a concern for its continued accumulation.
finance.yahoo · +2 outlets
Fairshake's $170M-plus midterm spending falls short as Sherrod Brown wins Ohio
More than a third of the crypto super PAC's outlays missed their targets, a costly setback in the industry's signature political test.
Theblock · +4 outlets
Analysts cut forecasts for AI data center buildout after Democrats' Texas win; Musk floats space data centers
Victories by candidates who campaigned against data center expansion have introduced policy risk into power and construction timelines for AI hosting.
Coindesk · +14 outlets
Massachusetts Mutual? No: Grayscale and BlackRock say crypto growth continues despite political setback
Grayscale points to roughly 85% of activity sitting outside the US as a buffer, while BlackRock sees little impact on its crypto business.
Coindesk
South Korea's ruling party formally proposes deferring crypto income tax
The party argues a comprehensive Digital Asset Basic Act should pass first, alongside waiting for global tax-sharing rules.
Theblock · +2 outlets
US-sanctioned Moscow Exchange to list bitcoin and USDT in December
Russia's main bourse is targeting crypto trading currently done offshore, listing a stablecoin whose issuer freezes wallets on US sanctions lists.
Coindesk