Polymarket halts trading after report of $1.4 million loss
In brief Polymarket froze new trades after users reported that $1.4 million had been taken. A trader said he lost $800,000 and every position he held. In June, Polymarket promised full refunds after a $3.0 million website attack. Read the original story, “Polymarket halts trading after report of $1.4 million loss by Lockridge Okoth”: nl.beincrypto.com
Insiders Send Newly Binance-Listed Altcoin Down 40%
In Brief ZachXBT says Axis Robotics insiders sold $12 million worth of AXIS after listings. One seller dumps 42 million tokens, about a quarter of the launch supply. Axis denies team sales and blames a trading partner. Who is holding the money? Read the original story Insiders Send Newly Binance-Listed Altcoin Down 40% by Lockridge Okoth: nl.beincrypto.com
Google stock suffers its biggest crash in 22 years: what happened
In brief Alphabet stock suffers its biggest crash since its 2004 IPO as $500 billion disappears in one day. Google partly attributes slower Search growth to weaker ad revenue due to AI Mode. Cloud revenue doubled, but why are investors still selling Alphabet? Read the original story, “Google stock suffers its biggest crash in 22 years: what happened,” by Lockridge Okoth: nl.beincrypto.com
U.S. Sanctions Two Russians Who Converted $5.5 Million in Crypto for North Korea
In brief The U.S. sanctions 10 individuals and one entity over North Korean IT worker schemes. Two Russians allegedly converted millions into crypto for North Korean networks. Chainalysis traced one facilitator’s wallet to mainstream and sanctioned exchanges. Read the original story, “U.S. Sanctions Two Russians Who Converted $5.5 Million in Crypto for North Korea,” by Kamina Bashir: nl.beincrypto.com
XRP Buying Pressure on Binance Hits 3-Month High: What to Expect in November
In brief XRP’s taker buy/sell ratio on Binance rises to 1.076, its highest level in three months. XRP whales hold their largest share of the supply since late 2022, while the price remains range-bound. Average XRP returns in November are approaching 80%, but the median remains at -10% after several weak years. Read the original story, “XRP Buying Pressure on Binance Hits 3-Month High: What to Expect in November,” by Luis Blanco at nl.beincrypto.com
Wheat Posts Longest Losing Streak Since 1997: What This Means for Portfolios
In brief Wheat is on track for nine consecutive weekly losses, its longest decline since 1997. Prices have fallen about 21% from their September highs as hopes for peace around the Black Sea have grown. Why cheaper bread may not offer relief to the Fed or crypto. Read the original story, “Wheat Posts Longest Losing Streak Since 1997: What This Means for Portfolios,” by Jakub Dziadkowiec at nl.beincrypto.com
HYPE token surges as NYSE owner brings Hyperliquid to America
In brief NYSE owner ICE plans regulated US futures market on Hyperliquid. HYPE rose 7.8% in 24 hours as the deal hit the market. HYPE's latest rally on news of US access faded within six weeks. Read the original story of HYPE token surges as NYSE owner brings Hyperliquid to America by Lockridge Okoth: nl.beincrypto.com
Memory shortage until 2030? Why are semiconductor stocks rising again
In brief Micron rose 5.86% and SanDisk 7.66% on SK Hynix’s 2030 shortage forecast. SK Hynix achieves record revenue of 104.6 trillion won, a 328% increase. SanDisk reports earnings on Thursday, with options pricing in a move of about 9.9%. Read the original story of Memory shortage until 2030? Why semiconductor stocks are rising again by Jakub Dziadkowiec: nl.beincrypto.com
What 1.932 American crypto investors revealed about money, respect, and secrecy
In short Most American crypto investors expect to hold a larger share of crypto within 5 years. Only one-third see crypto wealth as as legitimate as stocks or real estate. Americans are 2 times more likely than Europeans to hide a sudden fortune. Read the original story of What 1.932 American crypto investors revealed about money, respect, and secrecy by Kamina Bashir: nl.beincrypto.com
What is Fed Chair Kevin Warsh sensitive to? BlackRock executive answers
In short BlackRock's Rosenberg says that Fed Chair Warsh is sensitive to AI. Rosenberg says that percentages no longer follow oil, but now follow AI trading. A blow to AI can temper inflation, but two Fed officials want a hike. Read the original story of What is Fed Chair Kevin Warsh sensitive to? BlackRock executive answers by Kamina Bashir: nl.beincrypto.com
Stablecoin transactions rise 80% as banks rethink their role at MERGE Madrid
In brief Cross-border stablecoin transfers rose 80% in a year, while crypto activity fell 1.6%. Banks are shifting from holding crypto to building the infrastructure behind stablecoins. Western Union’s USDPT and the 37-bank Qivalis consortium show how issuers are reshaping payments. Read the original story, “Stablecoin transactions rise 80% as banks rethink their role at MERGE Madrid,” by Luís De Magalhães at nl.beincrypto.com
Can Binance have a future in Europe after Lagarde’s departure from the ECB
In brief Lagarde’s early departure in February 2027 reportedly removes Binance’s most powerful opponent. Binance still lacks the EU license needed to serve 450 million residents. A pending EU plan could shift the final decision to a single EU regulator. Read the original story, “Can Binance have a future in Europe after Lagarde’s departure from the ECB?” by Lockridge Okoth: nl.beincrypto.com
How do you get offered $3,000,000 in Bitcoin bets: call it a 'dead network' on X
In short Three investors each offer Calacanis $1 million that Bitcoin reaches a new all-time high. Calacanis says BTC will never surpass its October 2025 high of $126,210.50. Krueger proposed an AI-generated smart contract to lock in Cardone's bet. Read the original story of How do you get offered $3,000,000 in Bitcoin bets: call it a 'dead network' on X by Phil Haunhorst: nl.beincrypto.com
Ripple CEO responds to the one rumor XRP holders kept asking about
In brief Ripple CEO Brad Garlinghouse says the company will never give up on XRP. Garlinghouse calls RLUSD complementary to XRP rather than a competitor. Ripple says it is on track to end 2026 with $900 million in annual product revenue. Read the original story, “Ripple CEO responds to the one rumor XRP holders kept asking about,” by Phil Haunhorst: nl.beincrypto.com
Ethereum Heads for Worst October Since 2018 as Early Whales Awaken
In brief Ethereum fell 13.6% in October, its weakest October since 2018. Long-dormant early-buyer wallets moved more than $140 million in ETH this month. Analysts are watching support between $2,200 and $2,295 in November. Read the original story, “Ethereum Heads for Worst October Since 2018 as Early Whales Awaken,” by Kamina Bashir: nl.beincrypto.com
In brief Vitalik Buterin says AI knows almost everything but lacks wisdom. He argues that chatbots evaluate new writing only at a superficial level. A Harvard class banning devices sparks discussion on X. Read Vitalik Buterin’s original story: AI Is Smart but Not Very Wise by Phil Haunhorst: nl.beincrypto.com
Chainlink Loses 21% in October as Tokens Continue to Leave Exchanges
In brief Chainlink (LINK) tokens left Binance for 18 consecutive days as the price continued to fall. A large deposit that took place before the streak changes how the outflows are interpreted. US spot Chainlink ETFs have not attracted new money since mid-October. Read the original story, “Chainlink Loses 21% in October as Tokens Continue to Leave Exchanges,” by Kamina Bashir: nl.beincrypto.com
UNI’s 6-year wallet spike may mean something different than you think
In brief Uniswap recorded 13,137 new UNI addresses in one day, the highest number since 2020. Daily active addresses reach 14,591, the highest number in a year. Santiment says $7 losses alongside declining activity would indicate a short-lived spike. Read the original story, “UNI’s 6-year wallet spike may mean something different than you think,” by Kamina Bashir: nl.beincrypto.com
Bitwise Predicts $1.6 Million Bitcoin by 2036: Is Gold the Key?
In brief Bitwise expects Bitcoin to reach $1.6 million by 2036 in its base-case scenario. The asset manager assumes Bitcoin will account for 25% of the gold and Bitcoin market by 2036. Bitwise's bear case lowers that share to 2.5%, with a price target of $130,686. Read the original story, “Bitwise Predicts $1.6 Million Bitcoin by 2036: Is Gold the Key?” by Kamina Bashir: nl.beincrypto.com