Key Takeaways FTX seeks to reclaim a payment made while it was allegedly insolvent. The evidence requests also reached accounting firm BDO and a former Forbes staffer. A July ruling allowed the recovery case against Binance and CZ to proceed. Binance and CZ Seek Evidence Beyond FTX Binance and its founder and former CEO, Changpeng…
Key Takeaways The CFTC gave exchanges 30 days to end state-by-state geographic restrictions or explain why they can’t. Exchanges must also make sure brokers and other intermediaries don’t impose their own geoblocks. A judge ordered Kalshi on Nov. 4 to block sports contracts on the lands of California tribes that sued it. CFTC Says Geographic…
Key Takeaways Terawulf’s Q3 2026 HPC lease revenue reached $63 million, driving total revenue to $76.2 million. Bitcoin miners like Terawulf and IREN are shifting to AI cloud services as mining revenues plunge. Terawulf will expand its Muskie campus to 1 GW and begin delivering Anthropic data centers by late 2027. Operating Losses Widen Amid…
Key Takeaways Zcash’s NU7 upgrade cuts block times from 75 to 25 seconds while preserving its 21 million ZEC supply cap. Shielded Labs’ new mechanism redirects 60% of Zcash transaction fees to a long-term security reserve. Zcash will begin redistributing reserved ZEC in 2031, while its next halving remains on track for 2028. Zcash Cuts…
Key Takeaways The withdrawal is scheduled to take effect upon publication Nov. 9. Commenters challenged compliance costs and risks to personal information. Comparable amendments would require another public comment opportunity. Treasury and Fed Drop Proposed $250 Transfer Threshold The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and the Federal Reserve Board filed a joint…
Key Takeaways Bitcoin hit $74,762, its lowest since Aug. 21, as a global tech stock sell-off rattled markets. Crypto liquidations fell to $707 million, while U.S. money market fund assets reached $8.016 trillion. Bitunix warned that AI spending risks and tighter financial conditions could weigh on markets into 2027. Bitcoin Slides to Lowest Level in…
Key Takeaways Coinglass reports $52.04 billion in bitcoin futures open interest, down 1.88% over 24 hours. Deribit’s Nov. 27 $74,000 put led displayed options trading volume with 2,259 BTC. Cryptoquant metrics show CME bitcoin options open interest below its February and March 2026 peaks. Over the last day, bitcoin’s price range fell nearly 5% to…
Key Takeaways World Liberty Financial said on Nov. 6 it will fund WLFI buybacks partly with fees earned on USD1 reserves. USD1 supply has fallen to about $3.63B, down from $4.43B in late September and a $5.39B peak in February. Rep. Robert Garcia’s Oversight panel could open probes into the firm as early as February…
Key Takeaways The WSJ reported on Nov. 6 that Warren is expected to lead Senate Banking when Democrats take over in January. Stifel says Warren could open targeted probes into crypto firms, while House Democrats draft an SEC-led bill. Rep. Robert Garcia says Oversight probes into Trump family deals could start as early as February…
Weekly Crypto Roundup Get the weekly briefing for Philippine crypto insiders, from the country’s longest-standing crypto and blockchain news publication. Philippine Rating Services Corp. has assigned its highest issuer credit rating of PRS Aaa with a stable outlook to Philippine Savings Bank, citing the lender’s solid market position, strong capitalization and parent support from Metropolitan…
