BeInCrypto FI

In brief
Goldman, Citi and other banks commit around $270 million to Project Faro
A US-based dollar token is targeting a launch in the first half of 2027
Circle shares fell following two earlier reports about stablecoin competitors
Read the original story Goldman and Citi invest $270 million in their own stablecoin: Can Tether and Circle maintain their positions? by Lockridge Okoth on fi.beincrypto.com

In brief
Bitcoin falls below its 200-day moving average after losing the $75,000 support level
Tether’s supply shrank by $6.6 billion in 60 days, the biggest drop since 2022
U.S. spot Bitcoin ETFs recorded $696 million in outflows, the largest amount since January
Read the original story Bitcoin’s Last Line of Defense Breaks, and There Are No Buyers Below It by Jakub Dziadkowiec on fi.beincrypto.com

In Brief
Microsoft overtook Nvidia in market cap, but gave up the spot by midday
High inflation data pushed up government bond yields and increased the likelihood of a Fed rate hike.
Microsoft also backs Anthropic, which has just launched an Excel competitor.
Read the original story Microsoft Overtakes Nvidia for the First Time Since 2025: Why Is MSFT Stock Falling? by Lockridge Okoth on fi.beincrypto.com

In brief
Bitcoin fell below $73,000.00 for the first time since August 20.
Anthropic is aiming to raise as much as $64.4 billion in its Nasdaq debut.
Before SpaceX went public, bitcoin fell nearly 29 percent. The recovery took two months.
Read the original story: Bitcoin crashed 29 percent before SpaceX’s listing. Will Anthropic’s debut repeat the same? by Lockridge Okoth on fi.beincrypto.com

In Brief
Anthropic withdrew its $69.3 billion IPO filing just hours after lawyers had sent it to banks
A new draft caps the amount raised at $64.4 billion, about 7 percent less than the canceled plan.
Jim Cramer says the recovery in AI stocks depends on whether the deal succeeds
Read the original story Anthropic Cuts IPO Price by 7 Percent After Pricing Error, Jim Cramer Says ‘Most Significant Deal’ Falters by Lockridge Okoth on fi.beincrypto.com

In brief
Trump Media bought 4,359 bitcoin in the third quarter, CFO said Monday
Only about 3 of its 15,649 coins are not pledged as collateral.
Bondholders can demand $1.0000 billion in cash on November 30. What happens then?
Read the original story: Trump Media reveals purchase of 4,359 bitcoin after president called cryptocurrency dangerous, by Lockridge Okoth on fi.beincrypto.com

In brief
AI chip stocks are trading at around 10 times two-year forward earnings, their lowest level since 2011
The SOX fell 38% from its June peak due to concerns about AI-related spending and policy fears.
Nvidia’s November 17 earnings report will test whether revenue forecasts hold up
Read the original story “AI chip stocks hit their lowest level in 15 years. Is the sell-off over?” by Jakub Dziadkowiec on fi.beincrypto.com

In brief
GTA 6 launches on November 19, followed by a star-studded Miami festival featuring Travis Scott and Cardi B.
Wall Street analysts see nearly 37% upside for Take-Two stock, with the 12-month average price target at $284.00.
Strong launch sales could trigger a price rally, but investors face the risk of profit-taking and high expectations.
Read the original story: GTA 6 prepares for a star-studded Miami launch as Wall Street expects a 37% stock price rally, by Phil Haunhorst on fi.beincrypto.com

In Brief
Hot U.S. CPI wiped out $200 million in leveraged crypto bets in five minutes
Consumer prices rose 0.4 percent in October, above the 0.23 percent forecast.
The annual inflation rate was not published after the 2025 shutdown halted data collection.
Read the original story Hot U.S. CPI Wipes $200 Million From Crypto Bets by Lockridge Okoth on fi.beincrypto.com

In Brief
Bank of America removed Nvidia, Micron, and Lam Research from its US 1 List
Nvidia retains its Buy rating despite losing its top-stock status
Jensen Huang's dispute dominates headlines, but BofA hasn't linked its decision to it
Read the original story: Bank of America Drops Nvidia from Its Top Stocks List. Coincidence or Consequence of Jensen Huang's Actions? by Lockridge Okoth on fi.beincrypto.com

In Brief
Binance Rejects Transfers to MEXC Following U.S. Money Laundering Order
The Ministry of Finance says MEXC transferred at least $16 billion in connection with illicit activity.
ZachXBT says the figure seems exaggerated and wants FinCEN's data
Read the original story: Binance Blocks MEXC Transfers as Crypto Investigator Questions U.S. $16,0000 Billion Claim by Lockridge Okoth on fi.beincrypto.com

In brief
Global stock funds attracted a record $266,0000 million in four weeks, according to Kobeissi.
CME futures give a December Fed rate hike an 84.4 percent probability.
Will Bitcoin catch that money when interest rates rise?
Read the original story Bitcoin misses out on stock fund rush as Fed rate hike probability rises to 84 percent by Darryn Pollock on fi.beincrypto.com

In brief
Bitcoin has lost about 109,000 non-empty wallets since mid-October.
Smart wallets added over 14,200 BTC in two weeks as prices fell.
Spot Bitcoin ETFs lost $2.13 billion over seven trading days
Read the original story Bitcoin Investors Split in Two: Retail Investors Exit and Professional Money Keeps Buying by Kamina Bashir on fi.beincrypto.com

In Brief
Upbit and Bithumb to list Hyperliquid on their Korean won markets on November 10
HYPE rose 0.73% in 24 hours, while the overall crypto market fell 2.47%.
The altcoin is still trading more than 12% lower than a month ago.
Read the original story Hyperliquid Rises in a Bear Market as Top Korean Exchanges Announce Listings by Kamina Bashir on fi.beincrypto.com

In brief
The probability of a Fed rate hike in December has risen to 84%, CME FedWatch shows
U.S. spot Bitcoin ETF products lost $1.28 billion in the week ending November 6.
Will Bitcoin ETF demand remain under pressure due to tighter policy?
Read the original story Fed rate hike probability rises to 84% as bitcoin ETFs lose $1.28 billion by Darryn Pollock on fi.beincrypto.com

In Brief
Trump Media turned a $238.1 million Q2 loss into a Q3 profit. What changed?
Cryptocurrency and stock gains drove a $409.7 million profit. Did the business improve?
Revenue tripled to $3.0 million. Which product drove the growth?
Read the original story Holdings That Weighed on Trump Media in Q2 Lifted It to a $410 Million Profit in Q3 by Kamina Bashir on fi.beincrypto.com

In brief
Goldman Sachs CEO David Solomon says data centers in the United States are important to the economy.
He urges investors to separate political noise from actual data center policy.
Could Democratic moratoriums shift AI computing capacity away from the United States?
Read the original story, “Goldman CEO Solomon defends U.S. data center expansion after Democratic midterm victories,” written by Darryn Pollock on fi.beincrypto.com.

In brief
Jim Cramer links a real recovery in AI stocks to one upcoming listing
Anthropic sent bankers a share price range, but considered it imprecise
Nvidia, SpaceX, and Alphabet valuations may depend on how the IPO unfolds.
Read the original story Jim Cramer Names One Trade AI Stocks Can’t Recover Without by Kamina Bashir on fi.beincrypto.com

In brief
Trump says Jensen Huang should remain Nvidia’s CEO after he admitted to an affair.
Bradley Tusk wants Congress to investigate the relationship between Trump and Huang.
House Republican leaders have asked Huang to attend a closed-door briefing on November 18.
Read the original story “Trump Backs Jensen Huang as Tusk Urges Congress to Investigate Their Relationship,” by Darryn Pollock on fi.beincrypto.com

In Brief
MARA sold 13,597 Bitcoin worth approximately $1.1 billion after the end of the third quarter.
The miner repaid $750 million in Bitcoin-backed loans and approved a $500 million buyback.
MARA plans to use more Bitcoin to fund AI projects and purchases of convertible notes.
Read the original story, “MARA Sold 13,597 Bitcoin After Q3, and the Selling Isn’t Over Yet,” by Kamina Bashir on fi.beincrypto.com