🐕 Wild Dog Crypto · Midday Briefing (November 4)
1️⃣ This morning’s “50-50 split” has now been decided: Democrats are projected to win majorities in both the House and the Senate. The most embarrassing twist: the crypto industry spent $63 million trying to keep Sherrod Brown out of the Senate, only for the effort to backfire spectacularly. Brown defeated Jon Husted and is returning to Washington, while Elizabeth Warren may take over the Senate Banking Committee. To be blunt: spending big to buy a compliant Congress got you a more hostile one instead, and the CLARITY Act’s path just got tougher. BTC wobbled too: after rumors of a sweep surfaced, it briefly fell to around $75,700, then rebounded to around $76,700 in early Asian trading (CoinDesk, Cointelegraph, TheBlock).
2️⃣ Meanwhile, ZachXBT dropped another bombshell: French banking group Crédit Mutuel Arkéa, with $235 billion in assets, was allegedly hit by a crypto theft exceeding $133 million and exploited over several consecutive days. The losses could be even higher if over-the-counter trades are included. But read the fine print first: the bank’s involvement has not been independently verified, and the bank has not responded. Kraken and Crypto.com said they had restricted the relevant accounts and frozen funds, and that their own platforms were secure. This is only “alleged,” not confirmed—don’t let anyone sell it to you as settled fact (TheBlock, Cointelegraph).
Facts only. No predictions, no calls to buy or sell. 🐕
This is not investment advice.
1️⃣ This morning’s “50-50 split” has now been decided: Democrats are projected to win majorities in both the House and the Senate. The most embarrassing twist: the crypto industry spent $63 million trying to keep Sherrod Brown out of the Senate, only for the effort to backfire spectacularly. Brown defeated Jon Husted and is returning to Washington, while Elizabeth Warren may take over the Senate Banking Committee. To be blunt: spending big to buy a compliant Congress got you a more hostile one instead, and the CLARITY Act’s path just got tougher. BTC wobbled too: after rumors of a sweep surfaced, it briefly fell to around $75,700, then rebounded to around $76,700 in early Asian trading (CoinDesk, Cointelegraph, TheBlock).
2️⃣ Meanwhile, ZachXBT dropped another bombshell: French banking group Crédit Mutuel Arkéa, with $235 billion in assets, was allegedly hit by a crypto theft exceeding $133 million and exploited over several consecutive days. The losses could be even higher if over-the-counter trades are included. But read the fine print first: the bank’s involvement has not been independently verified, and the bank has not responded. Kraken and Crypto.com said they had restricted the relevant accounts and frozen funds, and that their own platforms were secure. This is only “alleged,” not confirmed—don’t let anyone sell it to you as settled fact (TheBlock, Cointelegraph).
Facts only. No predictions, no calls to buy or sell. 🐕
This is not investment advice.