Crypto news
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Zcash NU7 upgrade goes live, leaves 12,224 ZEC stranded in Sprout pool
Zcash’s NU7 upgrade has rendered about $15 million in legacy Sprout funds unspendable, although a future network upgrade could potentially restore access.
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Greece approves 10% tax on crypto gains and 15% levy on DeFi income
Investors will have 12 months to declare past crypto gains without late-filing penalties, though questions remain over crypto-to-crypto swaps.
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Hyperliquid Strategies seeks futures registration for perps
The HYPE treasury company spent $785 million on tokens during the quarter and wants to bring Hyperliquid-based perpetual futures to the US.
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Kalshi hit with injunction over sports contracts on California tribal lands
A federal judge has granted the preliminary injunction to bar Kalshi from offering sports contracts on the lands of two California tribes.
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Bitcoin, Ether ETFs post $530M outflows as election gains evaporate
US spot Bitcoin and Ether ETFs shed a combined $530 million Thursday as Bitcoin fell below $76,000 and US stocks tumbled.
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iPhone Wallet Theft Probe Traces $4.06 Million in TRON Drains
Trust Wallet warns that DarkSword and Coruna exploit older iOS versions to access wallet data, rather than flaws in wallet apps.... Read the full story at The Defiant
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Trump-backed World Liberty Financial plans token buyback after 66% year-to-date slide
The crypto venture may use fees from its USD1 stablecoin reserves to fund token purchases as it seeks to boost governance.
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Zcash’s major network upgrade NU7 goes live on mainnet, cutting block time by threefold
NU7 also activates the Network Sustainability Mechanism, which removes 60% of each block's transaction fees from circulation.
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Ether Falls 8.5% to $2,220, Lagging Bitcoin
US ether ETFs recorded $99.9 million in net withdrawals on Nov. 5, reversing the previous day's $53 million inflow.... Read the full story at The Defiant
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Chainalysis says breach exposed password hashes and live tokens
Chainalysis disclosed password hashes and live tokens were exposed after initially reporting only non-sensitive customer data was accessed.
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IREN Mining Revenue Falls 58% as AI Sales Reach $200 Million
IREN aims to substantially complete its mining transition by December, while its $4 billion AI revenue run-rate target moves into early 2027.... Read the full story at The Defiant
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Zcash’s landmark NU7 upgrade goes live, speeding up private payments
NU7 cuts the target time between blocks to 25 seconds, reduces the work wallets must do to find private payments and sets aside fees for future miners.
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Crypto exchanges tout cold storage ratios after Binance attack
Coinbase says it keeps more than 99% of customer assets offline, while Gate reports 88.26% of its total assets are kept in cold storage.
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IREN’s bitcoin mining revenue drops 58% as firm plans full exit by year-end
IREN has been shifting its focus to the AI infrastructure business, and its AI cloud revenue rose 182% in the past quarter to $200 million.
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Ark Invest buys more Coinbase as shares plunge 10% in wider market rout
Cathie Wood's Ark Invest bought $2.44 million worth of Coinbase on Thursday as the stock plunged 9.69% amid a broader sell-off.
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Hyperliquid treasury firm seeking U.S. regulatory nod as a domestic futures platform
The company said it's trying to establish a U.S. "futures commission merchant" with full compliance for activity with U.S. clients, though the timing is uncertain.
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Bitcoin developer proposes ‘landmines’ to make quantum thieves lose their own BTC
Anyone trying to move vulnerable bitcoin would have to put up matching collateral, giving prepared owners a chance to take both.
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Loopscale Partly Restores Loan Functions, Keeps Vault Withdrawals Frozen
Repayments and collateral withdrawals remain disabled for USDC Genesis-funded loans as the Solana lender details two attack paths.... Read the full story at The Defiant
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Core Scientific to quit Bitcoin mining by year-end as AI business surges
The former Bitcoin mining heavyweight plans to become a pure-play data center provider in 2027, with mining now accounting for just 7.5% of quarterly revenue.
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Claude Gets Personal Finance—Anthony Pompliano Accuses Anthropic of Copying His Startup
Anthropic's Claude finance assistant analyzes spending from linked accounts in the U.S., and Anthony Pompliano has a big problem with it.
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American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI
The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.
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Asian crypto exchanges batten down the hatches as hacks surge: Asia Express
Asian crypto exchanges are scrambling to tighten security on fears of a wave of potentially AI-assisted hacks, even as regional governments embrace tokenization and stablecoins.
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Bitcoin Fixes This? Paraguay President Resigns After Bank Lockout Hits 60% of Country
Ueno’s collapse trapped millions of Paraguayan depositors and triggered a president’s resignation, reviving Bitcoin’s argument for self-custody.
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Hyperliquid Strategies files to become CFTC-registered FCM, posts $13.3 million in quaterly revenue
Hyperliquid Strategies posted $13.3M in revenue and $620.6M net income, and filed with the CFTC to become an FCM for U.S. HIP-3 perp markets.
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Hyperliquid Strategies Posts $620.6 Million Profit on HYPE Paper Gains
HYPE was trading about 14% below the price used to value the company's quarter-end token holdings.... Read the full story at The Defiant
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Former FBI Agent Pleads Guilty to $2.47 Million Crypto Theft
Prosecutors say Patrick Steven Yaroch used credentials tied to 35 FBI investigations, compromising cases and intelligence sources and methods.... Read the full story at The Defiant
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Bitcoin Price Trades Near $76,000 as Nasdaq Tumbles into Correction
Bitcoin Magazine Bitcoin Price Trades Near $76,000 as Nasdaq Tumbles into Correction Bitcoin price traded near $76,000 on Thursday afternoon, down more than 5% on the day after sliding through the mid-$75,000s as a Nasdaq-led selloff in chip and AI stocks deepened into a formal correction and...
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Crypto ally French Hill wins reelection but set to lose House chair
Republican French Hill secured another term in Congress but will lose his leadership of the House Financial Services Committee when Democrats take control in January.
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OpenAI Promises to Foot AI’s Power Bill After Voter Revolt. Who Enforces It?
OpenAI wants to ease the backlash against AI campuses with promises on electricity, water and secrecy. Its new compact raises a tougher question: Who would make the company comply?
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DOJ Creates 'Super Intelligence' Task Force to Guard Against AI Abuse
Led by two senior DOJ officials, the Super Intelligence Task Force will target misuse by foreign governments, criminal groups and fraudsters—while pushing AI developers to tighten internal controls so their systems “behave as intended.”