Altcoins lead crypto declines as Asian stocks drop; bitcoin little changed since midnight
Bitcoin fell to just above $80,000 as South Korea’s Kospi plunged 8%, while the CoinDesk 80 fell 2.2% and all but six CoinDesk 100 members declined.
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Hyperliquid founder wants U.S. oversight of trading platforms, not his blockchain
Jeff Yan told Bloomberg that U.S. regulatory oversight should apply to the firms using the blockchain, not to the underlying network itself.
Australia’s financial watchdog seeks stiffer rules for crypto exchanges ahead of licensing deadline
The country’s regulator, ASIC, has proposed tougher rules to protect users’ digital assets, crypto trading and to safeguard the country’s financial stability.
Hex founder Richard Heart arrested in Istanbul, Turkish media report
Police reportedly seized $4 million in cash and 64 luxury watches during a raid on the crypto founder’s Istanbul residence.
BlackRock’s Fink names a U.S. recession trigger, sounds alarm over $40 trillion national debt
BlackRock’s CEO says “a moratorium of some sort” on data center buildouts would put the U.S. in a recession.
Nearly $1 billion in crypto bets liquidated as bitcoin, ether and XRP slide
Ether accounted for nearly 60% of the forced closures across the two largest cryptocurrencies, falling roughly twice as much as bitcoin.
Bitcoin mining pool once handling 2.3% of network shuts after hashrate falls 65%
Computing power directed at Binance Pool has fallen from 26 EH/s in December to about 9 EH/s. Its remaining miners must choose another provider before a Nov. 10 cutoff.
Bitcoin wilts as Fed rate uncertainty weighs. Kospi plunges 8%
Bets on an October Fed rate hike briefly spiked to nearly 50% after Wednesday’s inflation report, but have since cooled.
Kalshi CEO says state-led oversight of U.S. prediction markets would push them out
CEO Tarek Mansour said he feels “pretty good” about the pending outcome of the current legal fight over who has the right to regulate prediction markets.
AI agents make 138 million crypto payments as U.S. dominates spending on AI models
U.S.-linked wallets account for just over 88% of tracked AI model payments, dwarfing China’s 0.1% share, according to new Chainalysis research.