Cointime reports: Bitcoin miner turned data center operator Ionic Digital reported third-quarter total revenue of $48.9 million, up 32% year over year. Digital infrastructure leasing brought in about $43.9 million, nearly 90% of the total, while crypto mining revenue fell 86% to roughly $5.1 million from $37.1 million. Adjusted EBITDA reached about $35 million versus $154,000 a year earlier, though cash rent actually received was only about $7 million.
Cointime reports: Democrats won control of both chambers of Congress in the midterm elections, creating new political headwinds for the crypto industry. Stand With Crypto said 19 crypto-friendly senators and 226 House members were elected, alongside 8 anti-crypto senators and 106 anti-crypto representatives. Coinbase US policy vice president Kara Calvert said bipartisan legislation will face resistance next year, though crypto remains a bipartisan issue. In Ohio’s Senate race, crypto PAC Fairshake spent heavily against Democrat Sherrod Brown, who defeated Republican Jon Husted.
Cointime update: JPMorgan Asset Management has included bitcoin in its 2027 long-term capital market assumptions, projecting a 10% baseline compound annual return and 55% annualized volatility over the next decade. Grayscale research head Zach Pandl noted the 10% expected return tops all other asset classes, while bitcoin’s estimated 33% correlation with US large-cap stocks is lower than that of international equities, corporate bonds and hedge funds. JPMorgan remains cautious on unstable correlations and did not add bitcoin to its main covariance matrix.
Cointime update: Mercado Bitcoin will begin a phased reopening on Monday, allowing customers to view their holdings, while withdrawals and trading remain suspended pending security checks. The exchange said it will cover losses, without specifying the amount or cause.
Cointime reports: A daily crypto roundup is tracking the latest developments affecting Bitcoin’s price, blockchain networks, DeFi, Web3 and crypto regulation. The item aggregates the day’s news on market trends and events across the sector, without singling out a specific announcement, figure or date in the material provided.
Cointime update: BitMart’s founder said the crypto exchange’s security team is “severely understaffed” amid a restructuring, following a fresh hack. Analysts also flagged suspicious transfers potentially linked to the Mercado Bitcoin hack. The founder’s warning points to staffing gaps at the exchange as it responds to the new breach.
Cointime reports: Crypto super PACs spent more than $176 million on the 2026 midterms, but the Democratic sweep of Congress raises the prospect of tougher scrutiny of the industry. The spending figure underscores the sector’s heavy political investment even as the election outcome shifts the legislative landscape. Crypto PACs are now eyeing a “new map” for 2028.
Cointime reports: The digital asset industry is being forced to rethink its Washington strategy after a Democratic sweep of Congress ended a two-year period of pro-crypto, pro-innovation policy in the US capital. The political shift marks a sharp jolt for crypto companies that had grown accustomed to a favorable regulatory climate.
Cointime reports: Australian Bitcoin holders are being advised to consider options including setting up a self-managed super fund, incorporating a company, or leaving the country to deal with a major capital gains tax increase due in 2027. The strategies are aimed at mitigating the impact of the scheduled CGT hike on crypto holdings.
Cointime update: Google is giving schools more control over whether they use its Gemini AI, but districts that want Google Search without the AI are being told they cannot have both. The policy has fueled accusations that the company is pressuring educators into adopting AI. Schools can now reject Gemini, yet opting out of AI also means losing access to Search.
Cointime update: Nasdaq has approved the listing of Canary’s staked Injective ETF, the proposed INJC fund. The fund would stake at least 90% of its INJ holdings and charge a 1.10% annual sponsor fee. The approval marks a step toward bringing a yield-bearing staking product for the Injective token to U.S. exchanges.
Cointime reports: Bitcoin rose 3.5% to $80,500 and ether jumped 6% after Democrats won Congress, with crypto asset manager Bitwise stating that the Binance hack had limited market impact. The gains came as markets absorbed both the midterm election results and the exchange security breach.
Cointime update: Block has booked a $764 million charge for a planned settlement with the U.S. Department of Justice that would defer a Bank Secrecy Act charge, the company disclosed. Final terms and court approval are still pending. Separately, Block’s bitcoin business generated about 2.9 cents of gross profit per dollar of revenue in the third quarter, down from 5.1 cents a year earlier.
Cointime update: The Office of the Comptroller of the Currency has issued its first examiner guide for artificial intelligence, weighing bank autonomy against potential financial harm. The framework directly addresses outside AI agents—the same risk that recently led major banks to restrict customer-account access. The guide marks the OCC’s first formal supervisory framework for AI in banks.
Cointime reports: Four crypto super PACs spent $89.5 million on projected races since Sept. 1, with $21.9 million of that backing candidates who won. The PACs were on the winning side in 28 of 30 called House races but only one of four Senate races.
Cointime reports: The official Trump token and World Liberty Financial token were the two biggest losers among the top 100 cryptocurrencies on Wednesday, even as Bitcoin and Ether rallied, following a Democratic sweep in the US midterms. No further figures or price levels were provided.
Cointime reports: House Financial Services Committee Chair French Hill’s race for reelection remained too close to call as of Wednesday afternoon, with control of the House flipping. The outcome will shape the direction of crypto legislation in the next Congress, given Hill’s role leading the committee that oversees digital-asset bills.
Cointime reports: Riot Platforms shares jumped after the bitcoin miner disclosed a $28 billion AI lease and sold BTC to finance its AI expansion. Hut 8 shares sank after the miner reported falling revenue and rising costs ahead of its major data center leases generating income.
Cointime update: Lightning Labs released LND v0.20.7-beta and v0.21.6-beta, which disable Multipath TCP by default to mitigate a critical Linux vulnerability. The company said operators still need a patched kernel to fix the underlying flaw. The mitigation reduces exposure for Lightning Network node operators running the LND implementation.
Cointime reports: Voters in at least 29 US communities backed measures to curb data centers, creating new obstacles for the infrastructure powering AI. The votes centered on concerns over electricity bills, water supplies and public oversight, the issues dominating local debates over data center development.