News
Circle cuts 5% of staff despite profitable quarter
USDC issuer Circle reduced its workforce by 5% while reporting a profitable quarter.
News / Archive
Earlier crypto stories
Stories from the past month. Subscribers see every story as it happens, and the full history.
Page 82
DescriptionNews
Morgan Stanley tokenizes securities, bringing Wall Street on‑chain
Morgan Stanley announced plans to tokenize securities, integrating blockchain into its operations.
News
Tech stocks split after election, Microsoft jumps while Tesla and Nvidia fall
Microsoft and Alphabet shares surged, whereas Nvidia and Tesla stocks declined amid market reactions to the election.
News
Bitcoin rebounds above $80,000 after Democratic midterm sweep
Bitcoin rose above $80k following Democrats winning both chambers, rebounding from a six‑week low; analysts say the move was largely priced in.
Update
SEC Nods to Canton Coin as Wall Street Tokenization Service Launched
The SEC's Division of Corporation Finance has granted a regulatory nod to Canton Coin, the native token of the Canton Network. The agency's letter dated October 30 states that Canton Coin is a 'digital commodity' under securities laws. This comes a week after the Depository Trust & Clearing Corp. (DTCC) launched a tokenization service on the Canton Network. The relief from enforcement action is contingent on the token being minted programmatically without registration. Canton Coin's value is derived from the network's programmatic operation and supply and demand, with no central party. The letter reflects staff's position on enforcement, not a legal conclusion, and is based on the facts presented by Canton.
News
Midterm Elections Show Strong Support for Stricter Data Center Regulations
In the 2026 midterm elections, voters across the United States have shown a strong preference for candidates who support stricter regulations on data centers. At least 14 municipalities in Ohio approved bans or limits on data center projects. This trend indicates that opposition to data centers has gained bipartisan traction, with candidates from both parties advocating for more controls. The election results are expected to influence local and state-level policymaking, particularly in states like Louisiana and Oklahoma, where moratoriums on data center projects may be considered.
All Time High
Strategy’s STRC Hits $100 for First Time Since May
The preferred stock of Strategy, denoted as STRC, has reached its highest price since May, hitting $100 for the first time. This recovery is attributed to approximately $2.25 billion of buybacks, bringing the stock back to its stated minimum price for new issuance.
News
France Approves Crypto Reporting Rule for Self-Custodied Holdings
France's National Assembly has approved a proposal requiring taxpayers to disclose self-custodied cryptocurrency holdings worth at least €100,000 ($112,000). The measure targets digital assets held outside centralized exchanges and custodial platforms. The amendment still needs final budget approval before becoming law and would form part of France’s 2027 Finance Bill.
News
US Stocks Rise After Democrats Win Both Senate and House
Results of mid-term elections in the US initially caused concern on financial markets, but investor sentiment changed after it was known that Democrats won both chambers of Congress. Investors anticipate that the balance of political power between the Blue House and Congress will lead to more predictable economic policies. This change is seen as a signal that Washington may become less inclined to make drastic economic decisions. Democrats now control both the House of Representatives and the Senate, making it harder for President Trump to push his legislative initiatives without opposition. For the broader market, this could be seen as a positive development, as divided government often leads to more predictable economic policies despite ongoing political disputes.
Update
Coinbase's x402 Protocol Adds Native Payment Method for APIs and AI Agents
Coinbase's x402 protocol, built on top of the HTTP standard, allows APIs, apps, and AI agents to pay for services in stablecoins like USDC. The protocol, launched in May 2025, is the first major effort to use the 402 'Payment Required' code from the 1990s. It is now supported by multiple chains including Ethereum, Solana, Polygon, Arbitrum, and traditional card payments. The protocol is not a blockchain or a coin, but a set of rules for message formats and request-response flow that any server or client can follow.
Hacking News
Privacy Cash Suspends Deposits
Privacy Cash has suspended deposits due to investigators tracing $1.2 million in Binance-linked funds into its pools, while withdrawals remain available. The incident involves a cyber/digital hack or exploit affecting the project's security.
Update
CFTC Clears US Stock Perpetuals for Eligible Exchanges
The CFTC has cleared US stock perpetual futures for eligible regulated exchanges. Kalshi, which offers single-stock perpetuals, notes that scheduled closures prevent opening or closing positions. Holders can face different reopening prices and adverse moves may trigger liquidation. Coinbase's filing for stock-linked perpetuals is still pending, with the SEC's customer-margin proposal withdrawn.
Update
CFTC Approves Equity Perps Trading and Faces Legal Challenge
The CFTC has approved the trading of perpetual futures on individual US stocks, a move that allows US traders access to popular overseas products. However, a lawsuit has been filed by the Capital Markets Alliance, backed by Cboe and Citadel Securities, claiming the CFTC exceeded its authority and encroached on the SEC's jurisdiction. The CFTC responded by emphasizing the need for governance by law rather than litigation to foster innovation.
Event
CNBC’s Digital Finance Forum
Date From: November 17 · Date To: November 17 · Venue: New York City · Mode: Offline · Price: Free The forum gathers leaders from traditional finance, fintech, and digital assets to discuss AI, crypto, and the future of Wall Street, featuring panels with Franklin Templeton CEO Jenny Johnson, Bullish CEO Tom Farley, SkyBridge founder Anthony Scaramucci, and Ramp co‑founder Eric Glyman.
Update
Riot Liquidates Bitcoin for AI Infrastructure Deal
American Riot Platforms Inc. (RIOT) liquidated 79% of its Bitcoin holdings, reducing its crypto reserves from 11,380 to 2,418 BTC. The company used the proceeds from the sale, totaling about $1.5 billion, to finance a 15-year, $28 billion AI infrastructure deal with Frontier AI Lab. The deal involves repurposing Riot's free energy capacity for high-performance computing at the Corsicana campus in Texas. Riot's CEO Jason Les noted that the agreement is structured as a triple-net lease, with the client purchasing and maintaining the computing equipment, reducing construction costs by half compared to standard Tier 3 data centers.
News
Crypto Regulation Outlook Shifts After Democrats Win Congress
The 2026 U.S. midterm elections have reshaped the outlook for crypto regulation, with Democrats winning control of both chambers of Congress. The results could influence the future of digital-asset legislation, institutional adoption, and oversight of the crypto industry as lawmakers prepare for a new legislative session in January 2027. Bitcoin initially faced selling pressure following the election results but subsequently recovered, highlighting the market's ability to absorb political uncertainty.
News
Brent Crude Oil Crashes 10% After Democrats Win US House and Senate
Brent crude oil prices plummeted by 10% following the Democrats' victory in both the US House and Senate. The market reaction highlights the impact of political developments on energy markets.
Update
Hong Kong Approves Crypto Tax Reporting Law
Hong Kong lawmakers approved a bill requiring crypto service providers to report customer transaction information. The new rules will begin collecting the data in 2027, adopting the OECD’s Crypto-Asset Reporting Framework and updating the Common Reporting Standard. The Inland Revenue Department will use the records for international exchanges starting in 2028, and provide guidance and technical support to affected businesses.
Price Prediction
Solana Faces $99 Hurdle and $103–104 Resistance
Traders are keeping an eye on Solana's recovery efforts at $99, with resistance levels at $103–104. The market remains struggling to regain ground lost during October's decline. The article suggests that reclaiming $99 would improve the recovery case, but resistance above remains unresolved. Solana is currently trading at $93.76, up 1.55% on the 24-hour chart.
News
Centrifuge partners with Schroders to launch tokenized emerging markets bond on Solana
Centrifuge announced a partnership with asset manager Schroders to bring the Schroder International Selection Fund Emerging Market Bond to the Solana blockchain via tokenization. The fund will give investors access to an under‑represented asset class in blockchain finance. Schroders, which manages more than $1 trillion in assets and has over 50 years of emerging‑markets debt experience, contributes a team of more than 40 investment professionals. This marks Schroders' first deployment on a public blockchain, while Solana already hosts over $4 billion in tokenized real‑world assets. The collaboration aims to expand institutional investment opportunities beyond traditional tokenized cash products.
Update
Stripe Enables US Businesses to Send Stablecoin Payments Directly to Crypto Wallets
Stripe announced that it now permits United States‑based businesses to make payments using stablecoins directly to cryptocurrency wallets. The service is available in more than 160 markets worldwide, expanding the firm’s crypto payment capabilities.
New Web Product
Nano Foundation Launches Brand Kit for Nano Assets
The Nano Foundation has launched a brand kit for nano assets, providing a toolkit for showing nano in apps, shops, and articles. The kit includes the symbol, logos, payment badges, colors, and typefaces, all with transparent backgrounds for easy integration. The Nano Foundation also offers free Google Fonts for headings and body text, and provides shortcuts for quick symbol access on computers and phones.
Update
Genesis StableStock Platform Launches
StableStock and ETFs with USDT or USDC have been launched. Users can now earn points by depositing USDT or USDC and buying stocks and ETFs with the Points badge. Points are earned by holding the assets and will be credited to the dashboard by 02:00 UTC. Early users can receive an OG Boost and past activity is retroactively credited.
New Web Product
Orion Protocol Migrates to Lumia Protocol
Orion Protocol, previously known for connecting different cryptocurrency markets, has now shifted to the Lumia Protocol. The migration occurred in 2024, where $ORN tokens were exchanged for $LUMIA tokens at a 1:1 ratio. This move signifies a new phase for Lumia Protocol, expanding its focus from connecting trading venues to building a blockchain for real-world assets such as credit, property, commodities, and funds. The platform also introduced Lumia Stream, which leverages Orion’s experience in connecting markets to facilitate liquidity and integration in the new ecosystem.
News
Tech Stocks Split After Democratic Sweep
Technology stocks delivered a mixed performance on Wednesday after Democrats swept the U.S. midterm elections. Microsoft and Alphabet surged, while Nvidia and Tesla fell, reflecting investors' reassessment of Washington's approach to artificial intelligence (AI) and Big Tech.
News
Justin Sun seeks $263,821 in sanctions from World Liberty Financial
Sun filed for sanctions covering legal fees after World Liberty’s delayed ownership disclosure, arguing UAE citizenship defeats federal jurisdiction. The case stems from Sun’s $45 million WLFI investment dispute and pending hearing in December.
News
Democrats win Congress, crypto election bets split
Democrats secured both chambers, affecting crypto legislation. The industry’s $63 million campaign against Sherrod Brown failed. Polymarket trader 0xA2 holds ~$860 k unrealized gains on a Republican win bet. Bitcoin hovered around $75.7‑$77.6 k.
News
Crédit Mutuel Arkéa confirms crypto attack
Arkéa reported a fraud attack with unspecified loss; analysts estimate $133 million stolen, tracing $108.8 million in USDC withdrawals from Kraken, Crypto.com and OKX over 21 hours on Nov 1‑2. Arkéa suspended some transactions and notified authorities; Crypto.com blocked related funds.
Hacking News
Coinbase Highlights Security Measures After Binance Hack
Coinbase has emphasized its security measures following a reported $6.34 billion cryptocurrency theft at Binance on October 29. Coinbase states that more than 99% of customer assets remain in offline cold storage. The exchange highlights its separate hot and cold wallets, emergency controls, and strict transfer limits to protect customer holdings. Coinbase also disclosed $377 billion in platform assets and $8.6 billion in cash and equivalents.
News
Bitcoin rallies to $80,000 as midterm elections boost crypto
Bitcoin rebounded to $80,000, driving a rally that lifted Ethereum, XRP, and Solana up to 6% while triggering $320 million in short liquidations. Lower oil prices and reduced political uncertainty supported the move. Morgan Stanley joined a tokenization service to digitize stocks and Treasuries, aiming for launch in early 2027. A new disclosure feed tracks congressional trades. Market commentary noted Elon Musk’s $250 million election spend and a tightening Bitcoin supply on exchanges.