Crypto news
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CFTC Chair Calls Utah's Kalshi Prosecution 'Blatant Overreach'
A federal lawsuit seeks to block Utah enforcement, but the state has already won an initial ruling against the prediction market exchange.... Read the full story at The Defiant
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Coinbase Swings to $719 Million Q3 Profit on Crypto Gains
Coinbase reported third-quarter net income of $719 million, driven largely by gains on its crypto holdings, as revenue held flat at $1.22 billion.
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Coinbase Beats Q3 Transaction Revenue Estimates as Crypto Gains Lift Profit
Average USDC in Coinbase products hit a record $22 billion; adjusted net income was $77.7 million, versus $719 million reported.... Read the full story at The Defiant
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Base Sets November 5 for Denim's 200ms Mainnet Blocks
Flashblocks subscriptions and pending-state access will disappear, requiring developers and indexers to change their integrations.... Read the full story at The Defiant
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Coinbase CEO Armstrong Adopts Plan to Sell Up to $1.31 Billion in Shares
Fred Ehrsam and Emilie Choi also adopted share-sale plans, with different trading windows extending into 2027.... Read the full story at The Defiant
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Bitcoin Gains Drive Strategy's $20.9B Q3 Operating Profit
The company spent $2.04 billion buying back STRC through Oct. 25, while preferred dividends totaled $419.6 million in the quarter.... Read the full story at The Defiant
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Public companies double share of blockchain revenue since 2022: Report
A new 1kx report finds that public companies are capturing a larger share of blockchain revenue, driven by institutional adoption and real-world applications.
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Chrome Can Now Pull Details From Your Gmail to Fill Out Web Forms
Chrome's new autofill uses Google's Gemini AI to search your Gmail for order numbers, tracking details, and flight bookings and fill them into web forms. It is rolling out in the U.S.
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Bubblemaps Traces $2.7 Million Outflow From Polymarket Breach
Trading is back online and Polymarket has pledged full reimbursement, while a trader cited in the tracing says he moved funds to safety.... Read the full story at The Defiant
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Polymarket suspended trading amid reports of user funds being drained
The prediction markets platform halted trading on Thursday after it reported one of its third party providers had been compromised.
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Polymarket pauses trading after $2.65 million exploit, says third-party provider was compromised
After over $2.5 million was lost within minutes on Polymarket, the platform said it has since placed its exchange in cancel-only mode.
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Can the pivot to AI save crypto miners?
Over the past year, several crypto miners have decided to move away from the space and transition their data centers, power contracts, and infrastructure to focus on artificial intelligence (AI). These miners include Applied Digital, Core Scientific, TeraWulf, Ionic Digital (formerly Celsius...
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Polymarket suspends trading after third-party breach leads to user losses
Polymarket said one of its third-party providers was breached after users reported seeing their accounts drained.
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Polymarket Pauses Trading as Prediction Market Investigates Security Incident
Polymarket restricted trading and paused relayer actions as users report funds leaving their accounts. A suspected attacker wallet holds about $2.65 million in POL, per Arkham data.
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Celestia Unveils Voyager for AI Payments, Citing 21 Million TPS Benchmark
The pre-production architecture expands Celestia Labs into execution, but its single-node benchmark is not a measure of live network throughput.... Read the full story at The Defiant
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Hackers Publish Work Details of 41,000 Homeland Security Employees
A hacktivist group says it took names, titles, and phone numbers of 41,000-plus DHS staff from a login system.
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SEC Charges BG Wealth and DSJ Exchange in Alleged $130 Million Crypto Fraud
The agency says investors lost more than $100 million after the firms promised risk-free trading returns and used false filings to claim SEC approval.... Read the full story at The Defiant
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Polymarket Says Issue Fixed, Pledges to Make Affected Users Whole
The platform blamed a compromised third-party provider but kept trading halted while it worked to restore service.... Read the full story at The Defiant
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Grayscale's HYPG Offers Nasdaq-Listed HYPE Exposure and Staking
The fund began trading June 3, charges a 0.29% annual sponsor fee and held $186.9 million in assets as of Oct. 28.... Read the full story at The Defiant
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Polymarket Halts Trading and Pauses Relayer Amid Incident
Existing orders can still be canceled, but new buy and sell orders are blocked. A trader reported an $800,000 account drain.... Read the full story at The Defiant
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China’s $340B AI bubble has popped — and the charts prove it
China's AI stock bubble is popping, and the data is overwhelming. Since its peak in late June, China’s Star 50 AI stock index has declined 42% . China’s tech sector, per the country’s CSI 300 index, is down 18%. Both indices are drastically underperforming the benchmark decline of 1.5% for the...
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FutureBit Apollo Solo Miner Finds Bitcoin Block 973262, Earning 3.154 BTC
Bitcoin Magazine FutureBit Apollo Solo Miner Finds Bitcoin Block 973262, Earning 3.154 BTC A miner operating through FutureBit ’s Apollo Solo setup found Bitcoin block 973,262 earlier this week, collecting the full reward of 3.154 BTC plus fees from 2,477 transactions. Multiple explorers ,...
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Crypto Spends $176 Million on Midterms, But Only 13% of Voters See It as a Priority
Only 13% of Americans say a candidate’s support for crypto growth is very important, according to a survey conducted by Ipsos for the DeFi Education Fund, even as the industry spends heavily on next week’s elections.
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$11 Billion in Bitcoin Options Expire Tomorrow—Here's What It Means
A third of Deribit's Bitcoin options settle Friday, a day after the Fed held rates with two officials voting to hike. Here's why that matters for Bitcoin's price.
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HYPE teases all-time high as NYSE owner ICE eyes US Hyperliquid perps
Hyperliquid’s token pumped following news of ICE and Trade[XYZ] unveiling plans for US perpetual futures.
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KuCoin suspends services in Russia and Belarus
The exchange cited legal and regulatory compliance in its reason for cutting off services to users based in the two countries, currently the targets of international sanctions.
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Stanley Druckenmiller's first X post backs Hyperliquid venture after $23 million indirect investment
The billionaire investor disclosed an investment in Trade[XYZ] as the platform teams up with the NYSE's parent company. His family office previously reported owning shares in a HYPE-focused treasury company.
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KuCoin exits Russia and Belarus as crypto exchanges withdraw from Western-sanctioned markets
The exchange is closing accounts in both countries after MEXC and Bitget announced similar moves earlier this month.
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From rivals to partners: Polygon and Solana team to bring stablecoin payments to banks
The two networks are setting aside their rivalry to connect Solana's stablecoin activity with Polygon's banking, wallet and payment infrastructure.
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4M Bitcoin Bought Above $85K Could Cap Recovery: Glassnode
Bitcoin is trading close to the average price paid by U.S. spot ETF holders, a day after the Federal Reserve held rates steady.