Cointime reports: Bitcoin slid to about $75,600 as midterm election results came in, then climbed past $81,000 on Wednesday, forcing out hundreds of millions of dollars in bets against crypto. The move squeezed short sellers who had positioned for further declines during the midterm dip.
Cointime reports: Bitcoin rebounded after Democrats won control of Congress in the US midterm elections. The rally comes as a stalled market structure bill and heavy industry campaign spending underscore crypto’s exposure to shifting political power in Washington. The sector now faces a tougher regulatory fight with the new Congress.
Cointime update: ApeChain plans to switch its cross-chain infrastructure from LayerZero to Chainlink’s Cross-Chain Interoperability Protocol, upgrading APE and USDC to Chainlink Cross-Chain Tokens as part of the move. The announcements did not specify holder migration steps or a date for shutting down the legacy bridge.
Cointime update: Privacy Cash has paused deposits after Elliptic traced about $1.2 million in theft-linked ETH and SOL into its pools, the team said. Withdrawals remain open. The move follows the Binance hack, with the traced assets tied to stolen funds.
Cointime update: Morgan Stanley has converted U.S. equities and Treasuries into tokenized form through the newly launched DTCC Tokenization Service, the bank said. Twenty Wall Street firms have signed up to use the service, marking a step in bringing traditional securities settlement infrastructure onchain.
Cointime update: Coinbase has made Deribit options and perpetual futures available to its US Prime clients, giving institutions access to global derivatives through Coinbase Financial Markets. The offering provides shared liquidity but does not combine margin pools into a single account, the company said. The move extends Coinbase’s derivatives reach to US institutional customers.
Cointime update: Blast has shut down its Layer 2 network and is directing users to a recovery site. DefiLlama’s latest daily reading puts bridge assets at $6.51 million, roughly 84% below the level reported on Oct. 26. The shutdown marks the end of the Ethereum scaling network’s operations.
Cointime update: Binance has expanded its proof-of-reserves coverage to 44 tokens following a hack, saying it has replenished about 98% of the affected assets. The exchange’s new cryptographic proof remains unfinished, and withdrawals have not been fully reopened. The disclosure leaves users without a complete reserve attestation while some withdrawal functions stay restricted.
Cointime update: Riot Platforms has signed a $28 billion AI lease covering its entire Corsicana campus, the miner disclosed. Riot has sold 20,264 BTC this year to help fund its data-center buildout, while mining still supplied about 64% of third-quarter revenue. The deal marks a further shift by the bitcoin miner into AI hosting capacity.
Cointime update: Crédit Mutuel Arkéa has confirmed it suffered a cyberattack that enabled “fraudulent operations,” the French bank said, without mentioning cryptocurrency. The confirmation follows on-chain investigator ZachXBT linking the breach to a $133 million crypto theft. The bank said it is still assessing the amounts involved.
Cointime reports: Bitcoin climbed toward $80,500 as risk assets rallied following Democrats’ gains in the US midterm elections, with oil prices falling in tandem. The move came as US stocks advanced on the election outcome. The material did not specify a date for the price level or the margin of the equity rally.
Cointime reports: The Polkadot Treasury lost $1.38 million after an XCM patch failed to reach production, distorting pricing in DOT/dotUSD pools. A later upgrade repaired the stablecoin’s supply accounting without altering holders’ balances, the material states. The flaw affected how the stablecoin was priced against DOT in those pools.
Cointime reports: Bitcoin climbed back above $79,000 after rebounding 5% from its election-night low, with ether and Solana joining the recovery. The S&P 500 and gold futures each gained about 3% over a matched overnight window.
Cointime reports: Bitcoin yields on layer-2 networks are drying up. The crypto asset manager’s assessment points to shrinking returns for BTC holders who park capital on L2 chains, though the material did not specify the magnitude of the decline or the drivers behind it. The observation comes as L2s compete for bitcoin liquidity.
Cointime update: A Second Circuit panel on Tuesday rejected requests by Kalshi and Coinbase for interim relief that would have paused New York and Connecticut enforcement actions against the prediction-market companies. The two-page order leaves unresolved their argument that federal law preempts the state cases.
Cointime update: A French amendment would require taxpayers to report self-custodied crypto holdings worth at least $112,000, or roughly €100,000. The measure has secured backing but must still survive the country’s budget process before taking effect. The proposal targets digital assets held outside regulated platforms.
Cointime update: The CFTC approved stock perpetual futures on the same day it was sued over the decision. The same report said pro-crypto spending largely failed to produce results as Democrats swept the Senate and House in the Midterms. No further details on the suit or the approval were provided.
Cointime update: Circle reported $865 million in third-quarter revenue and reserve income and disclosed cuts affecting approximately 5% of its workforce. The company did not specify the number of employees affected by the reduction in the disclosure.
Cointime reports: Bitcoin held steady after the U.S. midterm elections, with experts saying a Democratic sweep was largely priced in by the market. The outcome still makes the road ahead harder for crypto policy, they said.
Cointime update: Circle reported third-quarter revenue and reserve income of $865 million on November 4, up 17% year over year and a quarterly record, including $182 million from an ARC token presale. Reserve income fell 8% to $658 million as the reserve return rate dropped 61 basis points to 3.5%. USDC average circulation was $73.3 billion, down 4.2% from Q2, while on-chain volume reached $13.9 trillion, up 49%.