BeInCrypto ID

Summary
Maye Musk says Grok Bot moved 2,000 Dropbox photos in five minutes.
Elon Musk urges users to give their most difficult tasks to Grok Bot.
Grok Bot on Mac can now use Messages, Mail, Calendar, and more.
Read the original article “Grok Bot Does a Week’s Work in 5 Minutes for Elon Musk’s Mom” by Phil Haunhorst at id.beincrypto.com

Summary
Major crypto ETFs lost $1.48 billion, while 10 stock ETFs attracted $37.5 billion.
All six groups of spot crypto exchange-traded funds (ETFs) recorded net outflows from November 4 to 10.
Ethereum and XRP each fell more than 14% over the past seven days.
Read the original article, Major Crypto ETFs Lose $1.5 Billion as Wall Street Hunts for Discounts, by Kamina Bashir on id.beincrypto.com

Summary
Trump nominates Steven Levine to fill the SEC seat previously held by Hester Peirce.
Levine previously served as an adviser to Mark Uyeda, then became deputy chief of staff at the SEC.
Former CFTC Commissioner Kristin Johnson was also nominated to the SEC.
Read the original article “Who Will Oversee Your Crypto Assets at the SEC? Trump Just Chose Hester Peirce’s Replacement” by Kamina Bashir on id.beincrypto.com

Summary
A U.S. court approved the seizure of more than US$1.2 billion stolen in the Binance hack.
U.S. agencies and crypto asset firms have frozen more than US$2.7 billion in stolen crypto assets.
Onchain Lens says around US$891 million may already have been laundered.
Read the original article, U.S. Moves to Seize US$1.2 Billion from Binance Hack. Where’s the Rest?, by Kamina Bashir on id.beincrypto.com

Summary
Longs accounted for 88% of total 24-hour liquidations as prices fell.
Bitcoin and Ethereum both fell to their lowest levels since August.
Producer price data on Friday could shift speculation about the size of the Fed's rate hike in December.
Read the original article Nearly $600 Million in Crypto Long Positions Liquidated as Bitcoin and Ethereum Fall to Their Lowest Levels Since August by Kamina Bashir at id.beincrypto.com

Summary
The XRP Ledger will reset its Testnet and Devnet on November 25 after a server failure.
Ownership of XRP and transactions on the mainnet will remain unaffected.
- This reset could trigger short-term uncertainty, but lasting price impacts seem unlikely.
Read the original article XRP Announces Major Reset on November 25 – Will the Price React? by Luis Blanco on id.beincrypto.com

Summary
Stablecoin supply fell by US$14.2 billion in 30 days, the sharpest decline since June 2022.
Outflows from Bitcoin and Ethereum ETFs signal weakening investor demand across crypto assets.
The crypto market recovery may depend on stablecoin supply returning to growth.
Read the original article Crypto Market Faces Biggest Liquidity Warning Since 2022 by Jakub Dziadkowiec on id.beincrypto.com

Summary
The S&P 500 erased a nearly 1% drop in just 90 minutes on Thursday.
Nvidia fell by as much as 14% after Jensen Huang resigned as CEO.
The index is now at a key level. Is another record next?
Read the original article S&P 500 Rebounds by US$1 Trillion in 90 Minutes Despite Broader Market Crash by Jakub Dziadkowiec on id.beincrypto.com

Summary
SpaceX-Tesla merger talks are gaining momentum, with a deal possibly happening in December.
Bank of America estimates that Tesla holders would own around 47% at a 20% premium.
Tesla’s strict voting rules and a Democratic Congress remain obstacles.
Read the original article “SpaceX-Tesla Merger Could Happen Soon: What Do Shareholders Get?” by Lockridge Okoth on id.beincrypto.com

Summary
Bitcoin has fallen below its 200-day moving average at $73,137.
CME FedWatch shows zero odds of a Fed pause in December.
The Relative Strength Index (RSI) has hit its lowest point since the June swing low. Has it bottomed, or is this a trap?
Read the original article Bitcoin Loses Key 200-Day Average: Is $67,000 Next? by Jakub Dziadkowiec on id.beincrypto.com

Summary
JPMorgan held 36% more MicroStrategy shares just weeks before the MSCI cut.
The put option, which acts like insurance against a downturn, rose 60%.
Index funds must sell on November 30. Who is still holding the shares?
Read the original article JPMorgan Buys More MicroStrategy Before MSCI Exit, Plus Insurance Against a Downturn by Lockridge Okoth on id.beincrypto.com

Summary
Binance says every token lost in the US$6.3 billion hack has now been replaced.
Cryptographic proofs that would allow users to verify the backing are still pending.
Around US$2.8 billion in stolen crypto assets has been frozen, but recovery has not yet been successful.
Read the original article Binance Customers Affected by US$6.3 Billion Hack Have Been Fully Reimbursed, Exchange Says by Lockridge Okoth on id.beincrypto.com

Summary
Fake SafePal letters have arrived at customers’ homes in Italy.
The letters contained real names, addresses, and order details from a data breach.
A QR code that directs users to a fake website is usually intended to steal personal data, login information, or financial details, or to install malware on users’ devices.
Read the original article, “SafePal Data Breach Victims Now Receiving Scam Letters at Home,” by Lockridge Okoth on id.beincrypto.com

Summary
Kalshi has ended Donald Trump Jr.’s advisory contract, a spokesperson told Reuters.
He received about $300,000 in stock when Kalshi was valued at under $2 billion.
The departure came two days after a senator highlighted his ties to prediction markets.
Read the original article, “Kalshi Ends Donald Trump Jr.’s Advisory Role Days After Senator Highlights His Ties,” by Lockridge Okoth on id.beincrypto.com

Summary
Jensen Huang resigned from Nvidia a few days before its earnings report, and its stock fell by more than 10%.
Big Tech will spend US$660 billion on AI this year as debt continues to pile up.
Six of the eight bubble indicators now point to the late stage. Where is the money going?
Read the original article “What Happened to the AI Rally After Nvidia CEO Jensen Huang Left?” by Lockridge Okoth at id.beincrypto.com

Summary
Nebius fell 19% and CoreWeave 12% after Jensen Huang stepped down from Nvidia.
Cardano founder Charles Hoskinson advised his followers to buy AMD stock.
Nebius also cut its 2026 forecast that same day.
Read the original article, “Charles Hoskinson Recommends Buying This Stock as Neocloud Faces Nvidia Crisis,” by Lockridge Okoth on id.beincrypto.com

Summary
Gold has fallen back below $4,000 for the third time since late October.
The latest PPI report sent gold in the opposite direction, despite producer prices continuing to rise.
One group of buyers continues to add gold while North American funds withdraw money.
Read the original article “Gold Falls Below $4,000 Again. Will Friday’s Inflation Data Deepen the Decline?” by Kamina Bashir on id.beincrypto.com

Summary
Colette Kress takes over as Nvidia’s interim CEO following Jensen Huang’s resignation.
Kress previously oversaw Microsoft’s growing server business before joining Nvidia in 2013.
Her history includes litigation related to crypto assets, stock sales, and AI copyright lawsuits.
Read the original article, “5 Surprising Facts About Colette Kress, Nvidia’s New Interim CEO,” by Mohammad Shahid at id.beincrypto.com

Summary
Jensen Huang resigns as CEO, president, and director of Nvidia, effective immediately.
CFO Colette Kress becomes interim CEO; Harvey C. Jones is appointed as the first chairman of the board.
Nvidia shares fall 10.38% in pre-market trading as the board begins searching for a new CEO.
Read the original article Jensen Huang Steps Down from Nvidia. How Will the Stock React? by Lockridge Okoth on id.beincrypto.com