Cointime update: Keel Infrastructure sold 2,520 bitcoin in the third quarter for $192 million, including all 2,261 of its reserve holdings and 259 coins mined during the period. As of September 30 the company’s bitcoin holdings were negligible. Keel said it will sell bitcoin mined at its Quebec operations on a daily basis; formerly known as Bitfarms, it is shifting focus to high-performance computing and AI infrastructure.
Cointime update: The National Bank of Ukraine has refused to back the current version of the country’s crypto legalization and regulation bill, No. 10225-d, saying it lacks necessary regulatory safeguards and could threaten monetary sovereignty, financial stability and economic security. The central bank flagged unregulated foreign tokens entering the Ukrainian market and objected to letting the securities regulator decide how many crypto trading platforms may operate in the first five years. The bill would make the National Securities and Stock Market Commission the main crypto regulator and impose a 5% transition tax on existing crypto assets until end-2028.
Cointime reports: Qualcomm shares fell 9.81% in premarket trading on Nov. 5 after the chipmaker issued first-quarter guidance below Wall Street expectations. The company projected EPS of $2.15 to $2.35, with the midpoint below the $2.32 analyst average, while revenue guidance of $104 billion to $112 billion was roughly in line. Qualcomm’s fourth-quarter non-GAAP revenue of $104.42 billion and EPS of $2.17 slightly beat estimates, but handset chip revenue fell 26% year-over-year to $51.37 billion. Other chip stocks also declined, with ASE down over 8% and SK Hynix, ARM, Micron, AMD, Intel and TSMC all lower.
Cointime update: The Bank of England raised interest rates for the first time in three years, while Hong Kong’s Financial Services and the Treasury Bureau said compliant international virtual asset platforms can apply for licences, with 13 platforms currently licensed. Separately, the attacker behind the CryptoBilis Ledger exploit moved about 885 ETH into Tornado Cash.
Cointime reports: State Street Investment Management on Nov. 5 set a base-case forecast of $4,500 to $5,250 per ounce for gold over the next 12 months, assigning that scenario a 60% probability. The firm noted gold fell 6.8% in October while spot silver dropped 18.7%. It said the next $1,000-per-ounce move is more likely upward than downward, potentially in 2027, with a bear case of $3,750-$4,500 at 35% probability.
Cointime update: Core Scientific reported third-quarter 2026 total revenue of $232.9 million, up about 187% year over year, with high-density colocation (HDC) data center revenue at $215.4 million, a nearly 60% sequential increase. As of Sept. 30, billed colocation capacity reached 485MW, corresponding to more than $700 million in annualized GAAP colocation revenue. Net income was $1.178 billion, driven mainly by non-cash gains from changes in warrant fair value, while adjusted EBITDA was $133.6 million, more than tripling quarter over quarter.
Cointime reports: SkyBridge Capital founder Anthony Scaramucci said Trump’s crypto business and meme coin issuance caused the CLARITY Act to lose Democratic support and weakened bipartisan momentum. He said the meme coins, launched before Trump took office in January 2025, were one reason the bill stalled, and cited disagreement over ethics provisions restricting officials’ crypto holdings. The Senate failed to advance the bill on Sept. 15, with a procedural motion falling 49-50, short of the 60 votes needed.
Cointime reports: Democrats won control of both the House and Senate in this week’s US midterm elections, according to a Standard Chartered Wealth Solutions Chief Investment Office report dated Nov. 5. On oil, the report said that as supply chains gradually adapt to current conditions and Congress oversees defense spending, NYMEX crude prices may gradually fall toward a 12-month target of $80 a barrel.
Cointime reports: DeFi blogger Ignas (@DefiIgnas) said Polymarket’s trading volume has been roughly flat all year despite the recent midterm elections, while active wallets, open interest and trade counts are all declining. Election-related volume is tiny compared with sports and crypto markets and users are mostly speculators, making perpetual futures attractive to Polymarket, he said, adding he would rather the platform improve its prediction-market product and leave perps to HL, Lighter and Variational. Kalshi was excluded from his data due to anomalous wash-trading figures.
Cointime reports: Ether dropped below $2,400 on the latest reading, trading at $2,397.1, even as it remained up 3.37% over the past 24 hours. The move reflects sharp short-term volatility in the ETH price, with market participants advised to manage risk accordingly.
Cointime update: US President Donald Trump said on November 5 that he intends to keep Pete Hegseth in the role of defense secretary. Trump acknowledged he has received calls from people unhappy with Hegseth, saying: “You know, I do get calls like that about him. I don’t know why that is.”
Cointime update: Malacca police arrested 13 people, including 11 Chinese men, one Chinese woman and one Taiwanese man aged 24 to 36, in a raid on a residence at Taman Kota Shahbandar on November 4. The gang allegedly used Telegram, QQ Chat and Soul to lure Chinese victims into trading on a fictitious cryptocurrency exchange with promises of romance and high returns. Police seized 12 laptops, a desktop, 26 phones and a router worth about 50,000 ringgit; the 13 are held until November 8.
Cointime update: Humanoid robot maker Agility Robotics began trading on the Nasdaq on November 5 under the ticker AGLT after completing its merger with special purpose acquisition company Churchill Capital Corp XI. The transaction values Agility Robotics at approximately $2.5 billion and is expected to raise about $465 million. Agility, backed by Nvidia and Amazon, becomes the first dedicated humanoid robot manufacturer listed in the US.
Cointime reports: Voters broadly rejected Trump in Tuesday’s midterm elections, a result that may lift a layer of political pressure from Federal Reserve Chair Kevin Warsh and let him focus more on curbing inflation. Fed watchers said the Republican rout, with cost of living among voters’ top concerns, has fundamentally reversed the political situation around the Fed. Mark Spindel, who has written on the history of Fed independence, said Warsh and his colleagues can now concentrate on monetary policy.
Cointime update: Ukrainian President Volodymyr Zelensky said in an interview with German media on November 4 that he hopes a Democratic victory in the US midterm elections would help increase American aid to Ukraine and pressure on Russia. The remarks were reported by Ukrainska Pravda on November 5. Zelensky’s comments tie the future of US military and financial support for Kyiv to the outcome of the congressional vote.
Cointime reports: The attacker behind the CryptoBilis Ledger exploit deposited a total of about 885 ETH, worth roughly $2.14 million, into Tornado Cash, on-chain tracker Lookonchain reported on Nov. 5. The transfers route the exploit proceeds through the sanctioned mixing service, obscuring the trail of the funds.
Cointime update: Backpack founder and CEO Armani Ferrante said on the Rollup podcast on Nov. 5 that rebuilding ETFs like SPY with onchain smart contracts could cut fees to 1 basis point or even zero, versus the roughly 7-9 basis points such funds charge on assets under management. He said Wall Street becoming an API for developers would lower the barrier to launching brokerage and financial applications, and cited efforts to split SpaceX equity into exposure to revenue streams such as Starlink or space data centers.
Cointime reports: Some Federal Reserve watchers judge that midterm election results could ease political pressure on Fed Chair Kevin Warsh, allowing him to focus on controlling inflation. President Trump, who nominated Warsh in May, has repeatedly called for rate cuts since his 2024 re-election. New Century Advisors chief economist Claudia Sahm said if the elections lead Trump to end the Iran conflict and drop further tariffs, the Fed may not need to raise rates again at all.
Cointime update: Baidu open-sourced its latest base model, ERNIE 5.5 Flash Base, on November 5, sending its Hong Kong shares up more than 5% at close and its US shares up over 2% in premarket trading. The model uses a Mixture-of-Experts architecture with 280 billion total parameters and 140 billion activated per token, and posts state-of-the-art results among same-size models on benchmarks covering knowledge, reasoning, math, code, multilingual and long-context tasks.
Cointime update: Seoul Central District Court’s 63rd Civil Division dismissed Dunamu’s lawsuit against Bithumb over alleged copying of API documentation, rejecting all of the plaintiff’s claims and ordering Dunamu to bear the full litigation costs. Dunamu, which operates Upbit, had sought 200 million won in damages; the court did not support the claim.