Markets news
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Stripe Lets US Businesses Send Stablecoins to Wallets in 160-Plus Markets
The public preview supports USDC and Open USD, funded from a Treasury balance. Businesses in New York are excluded.... Read the full story at The Defiant
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Tech, AI Stocks Split After Democratic Sweep: Microsoft Jumps, Tesla and Nvidia Tank
Microsoft and Alphabet surged while Nvidia and Tesla fell, highlighting a divided market as investors reassess Washington's approach to AI and Big Tech.
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Bitcoin Rebounds After Democratic Midterm Sweep, But Crypto Faces Tougher Fight in Washington
Bitcoin bounced back after Democrats won control of Congress, but a stalled market structure bill and heavy industry campaign spending reveal crypto’s exposure to shifting US political power.
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Wall Street cuts Bitcoin miner price targets as newly blue Texas threatens data center boom
Wall Street is cutting bitcoin miner price targets after Democrats' Texas win raised fears of delays to AI data center projects.
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TD Cowen: Democratic Sweep Makes a Crypto-Backed CLARITY Act ‘Impossible’
Bitcoin Magazine TD Cowen: Democratic Sweep Makes a Crypto-Backed CLARITY Act ‘Impossible' The Democratic sweep of Congress closes the door on crypto market structure legislation like the Clarity Act for the next two years and may rule out any version the industry would support, TD Cowen told...
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Bitcoin hits $80.5K as US stocks rally on midterm election results
Bitcoin climbed toward $80,500 as risk assets rallied on Democrats’ midterm election gains and oil prices fell.
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Polkadot Treasury Lost $1.38 Million After XCM Patch Missed Production
The flaw distorted DOT/dotUSD pool pricing. A later upgrade repaired the stablecoin’s supply accounting without changing holders’ balances.... Read the full story at The Defiant
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Bitcoin Trades Above $78,000 After Democratic Sweep of Congress
Bitcoin Magazine Bitcoin Trades Above $78,000 After Democratic Sweep of Congress Bitcoin price traded near $78,300 on Wednesday morning, up about 1% on the day, after Democrats won control of both the House and the Senate in Tuesday's midterm elections and dealt the crypto industry its worst night...
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Dialectic Launches SpaceX Yield Vault Using Aave Loans on Base
Starloop borrows USDC against tokenized shares, adding liquidation risk to a strategy operating within Aave’s 37,000-token collateral cap.... Read the full story at The Defiant
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Live updates: Bitcoin and stocks reverse overnight plunge following Blue Wave landslide
The biggest losers, so far, are the AI data center stocks following victories for several candidates who campaigned expressly against the sector.
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Global asset manager Schroders brings emerging market bond fund to Solana
The global asset manager, which oversees $1.1 trillion in assets, is bringing an actively managed bond strategy onchain through tokenization specialist Centrifuge.
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Coinbase, Kalshi Denied Shield From State Prediction-Market Enforcement
The Second Circuit denied interim protection in Connecticut and New York, but its order does not require trading to stop or existing positions to close.... Read the full story at The Defiant
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Midterms Blue Wave Makes $917K for One Polymarket Trader, If Alaska Doesn’t Flip
A Polymarket trader topped the prediction market’s leaderboard after Democrats swept the US midterms, but Alaska could still flip it.
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Bitcoin ETFs lose $1.16B as Bitwise calls selling ‘short-term’
Bitwise’s André Dragosch attributed Bitcoin ETF outflows to weaker market sentiment, saying institutions have largely maintained their exposure.
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Bitcoin bounces from 7-week low under $76K as Democrats sweep Congress
Bitcoin price downside reached a seven-week-low of $75,618 as 24-hour crypto long liquidations neared $300 million.
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Democrats Win Senate Control as CLARITY Act Remains Stalled
Elizabeth Warren is positioned to take over Banking, but the crypto market-structure bill is already awaiting floor action after a failed procedural vote.... Read the full story at The Defiant
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BitMart Founder Confirms Hack During Restructuring
Bitquery traced about $391,000 in outflows mostly from BitMart-linked wallets to an address used in the Mercado Bitcoin attack.... Read the full story at The Defiant
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Democrats surge toward Senate, House majorities, with crypto braced for new direction
The dominance of Republicans in all three government branches has been broken by the midterms, and the industry will feel the result as Congress changes hands.
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US midterms: Prediction markets favor Democrats in key crypto races
Kalshi and Polymarket price a 75% chance of a Democratic sweep, days after markets misjudged Brazil’s runoff.
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XRP treasury firm Evernorth Holdings falls to record low
Evernorth Holdings, the XRP digital asset treasury firm whose shareholders include Ripple Labs, Arrington XRP Capital, and SBI Holdings, reached a record low close since its merger became effective of $11.70 yesterday evening. This is down 44% from its first-day high of $21 on October 9. The...
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Bitcoin price defends $76K lows as analysts see stocks pricing in ‘political gridlock’
Bitcoin made modest gains at the start of Wall Street trading on Tuesday as markets awaited cues from the US midterm elections.
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CFTC Opens U.S. Stock Market to Equity Perpetual Futures
Bitcoin Magazine CFTC Opens U.S. Stock Market to Equity Perpetual Futures Perpetual futures on individual stocks can begin trading on U.S.-regulated exchanges for the first time, the Commodity Futures Trading Commission said Tuesday, extending a product that was confined to offshore crypto venues a...
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Binance Details Months-Long Campaign Behind $6.34 Billion Hack
The exchange says 98% of impacted tokens have been replenished; its report explains why pausing withdrawals did not stop every outflow.... Read the full story at The Defiant
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South Korea asks its biggest banks how a major crypto hack would hit them
In its first such survey, the BOK also asked about a crypto price crash, losses at another firm, and each firm’s crypto teams, budgets and investments.
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Binance sits to benefit from First Digital listing
First Digital Trust, the firm behind the FDUSD stablecoin, announced early last month that it had signed a business combination agreement that would result in it being publicly listed, with a closing expected next year. The announcement comes after the market capitalization of its flagship product,...
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Bitcoin Price Trades Near $77,500 as Midterm Voting Begins
Bitcoin Magazine Bitcoin Price Trades Near $77,500 as Midterm Voting Begins Bitcoin price traded near $77,500 on Tuesday morning as polls opened for the U.S. midterm elections, down about .6% on the day and roughly $30,000 below its price one year ago, according to Bitcoin Magazine Pro data. The...
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Binance net outflows reach $5.3 billion after record hack. CEO says recovery underway
Nearly $11 billion left the exchange over 46 hours, although CEO Richard Teng said hourly deposits were beginning to exceed withdrawals.
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NEAR token sinks 7% as proposal to cut annual token issuance passes
The proposed issuance cut would prevent 11.8 million NEAR from entering circulation over two years, worth about $45 million at today’s price.
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Binance’s net inflows turn positive at $2.3B as withdrawals expand
Binance led exchanges in 24-hour net inflows, reversing Monday’s heavy outflows as it restored access to funds after its $6.3 billion hack.
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Bitcoin steadies after dip to $76,300 as ETF outflows and midterm elections weigh on crypto
Bitcoin edged up 0.2% to around $76,900 since midnight UTC as spot ETFs lost $399 million for a second day and Binance customers pulled a net $4.72 billion.