Democrats sweep Congress, forcing crypto industry to rethink Washington strategy
A Democratic sweep of both chambers ends two years of a favorable Washington climate for digital assets and puts crypto legislation, including the Clarity Act,
Theblock · +11 outlets
Bitcoin rebounds past $80,000 as markets shrug off midterms and Binance hack
Bitcoin recovered from an election-night dip to about $75,600 and climbed back above $80,000, with DeFi tokens leading gains after Democrats won Congress.
Theblock · +7 outlets
Binance says hackers used fake job interview and internal AI tool in $6.3B breach
Binance's incident report attributes the $6.3 billion theft to social engineering plus an internal AI tool, and CZ called for an industry security alliance.
Theblock · +14 outlets
Morgan Stanley among first banks to tokenize US equities and Treasurys via DTCC service
The bank converted equities and Treasurys into tokenized form through the Depository Trust & Clearing Corporation's new Tokenization Service.
Theblock · +14 outlets
Strategy adds 811 BTC, lifting bitcoin treasury to 849,327 BTC
Michael Saylor's company kept buying while spot bitcoin ETF investors sold, and reported cutting leverage to about 3% of its treasury.
The Block · +14 outlets
Riot sells 79% of its bitcoin holdings to fund $28B AI infrastructure deal in Texas
The miner is liquidating most of its bitcoin treasury to finance a pivot toward AI data center infrastructure.
Pluang · +4 outlets
CFTC approves individual stock perpetual futures trading in US for the first time
The regulator cleared US exchanges to list perpetuals tied to individual stocks, a first for the market, though trading halts can still block exits.
Theblock · +14 outlets
Block adds 120 BTC in Q3 as treasury reaches 9,237 bitcoin and DOJ settlement looms
Jack Dorsey's Block raised its full-year profit forecast while disclosing the treasury increase, a $764 million DOJ settlement proposal, and a 50% drop in quart
Coindesk · +5 outlets
Aave and Lido lose $1.7B in DeFi capital drop after Binance hack
Stablecoin contraction was visible before the breach, and Aave's temporary freeze showed collateralized loans can coexist with scarce withdrawal cash.
Cryptoslate · +1 outlets
Schroders launches tokenized emerging markets debt fund on Solana with Centrifuge
The $1.1 trillion asset manager brings an actively managed emerging markets bond strategy onchain, widening the set of tokenized funds.
Theblock · +11 outlets
Coinbase says 99% of customer assets sit in cold storage after Binance's $6.3B breach
Coinbase moved to reassure customers about custody practices following the largest exchange hack on record.
Theblock · +14 outlets
Wall Street cuts bitcoin miner targets as Texas election threatens AI data center boom
Miners pivoting to AI face new uncertainty over power access and permits after candidates opposed to data centers won in Texas.
Coindesk · +2 outlets
Circle beats Q3 estimates with $865 million revenue, cuts 5% of workforce
USDC issuer Circle reported $865 million in third-quarter revenue and reserve income and disclosed layoffs affecting about 5% of staff.
Coindesk · +14 outlets
SEC's Fairshake super PAC suffers costly setback as Democrats sweep Congress
More than a third of the crypto PAC's spending failed to win its races, especially in Ohio, where Sherrod Brown reclaimed his Senate seat.
Coindesk · +2 outlets
Strategy posts monster Q3 on bitcoin windfall as funding risks linger
Strategy's quarterly results were driven by bitcoin gains, though analysts flagged continued dependence on capital markets funding.
Yahoo Finance · +3 outlets
ZachXBT names French bank Crédit Mutuel Arkéa as suspected victim of $133 million crypto theft
The blockchain investigator says the bank may have lost more than $133 million from exchange accounts, and Crypto.com has blocked linked funds.
Coindesk · +13 outlets
North Korean hackers resume laundering Binance loot through THORChain
TraderTraitor is swapping ether for bitcoin through THORChain, pushing RUNE up 10% and distorting XRP whale metrics.
Coindesk · +2 outlets
SEC division treats Canton Coin as digital commodity in no-action letter
The Division of Corporation Finance said it would not recommend enforcement over Canton Coin's programmatic issuance.
Theblock · +1 outlets