Author: James Wilson

Bit Digital has reported a third-quarter profit of $28.5 million while holding approximately 163,726 ETH worth $439.4 million at the end of September, as the company continues moving away from Bitcoin mining. Summary Bit Digital reported 163,725.9 ETH and ETH-equivalent assets valued at $439.4 million on September 30. Third-quarter net income reached $28.5 million, reversing the company’s $107.2 million second-quarter net loss. Bit Digital sold 1,625 ETH during the quarter but made no additional Ethereum purchases. WhiteFiber colocation revenue increased 232% annually, while Bit Digital reduced its Bitcoin mining operations. CEO Sam Tabar said share repurchases remain under consideration but…

A Binance user has reported being unable to withdraw approximately 400,000 USDT from his exchange account, claiming the restrictions are linked to an order from a US federal court in Colorado. Summary A Binance user claims approximately 400,000 USDT remains inaccessible following a reported US court restriction. The account holder says he earned approximately 340,000 USDT through futures trading before withdrawals stopped. Binance customer support reportedly directed the user toward a Colorado federal court for further assistance. The trader claims submitting documents explaining his funds did not result in restored withdrawal access. According to a November 12 post by cryptocurrency…

Reports that Nvidia’s board is considering removing CEO Jensen Huang have put a leadership crisis at the AI chipmaker into a market already sensitive to technology spending and financing costs. Bitcoin can react when investors cut risk across their portfolios. For companies that moved from mining into AI infrastructure, the connection also runs through the chips they deploy, the customers they serve and the money committed to buildings that need years of revenue to pay for themselves. Summary Nvidia’s board announced an independent investigation on November 8 and retained outside leadership for that review. Reports of a possible removal of…

Nomura Holdings has held discussions about selling its cryptocurrency subsidiary Laser Digital, following trading losses at the business and another quarterly loss for the Japanese brokerage’s European operations. Summary Nomura is reportedly considering selling Laser Digital, with Marex among companies evaluating a possible acquisition. Nomura’s European operations reported a ¥7.4 billion pretax loss during the September quarter of 2026. The brokerage previously reduced cryptocurrency trading exposure after losses affected Laser Digital’s financial performance. Laser Digital secured Japanese cryptocurrency exchange registration and preliminary US trust bank approval during 2026. Deutsche Bank launched institutional crypto custody as Israel Discount Bank announced its…

Zcash price has fallen below $1,000 on November 12, extending its recent losses as withdrawals from Grayscale’s Zcash exchange-traded fund and pressure on leveraged traders weigh on the privacy-focused cryptocurrency. Summary Zcash price fell below $1,000 as the privacy coin continued its recent market decline today. Grayscale’s Zcash ETF recorded reported November outflows despite its new $1 million ecosystem funding commitment. ZEC derivatives liquidations reached approximately $18 million, with leveraged long positions accounting for most losses. Analysts identified potential downside targets as Zcash struggled to recover its previous short-term support levels. Technical indicators place immediate ZEC support near $960, followed…

Israel Discount Bank has announced plans to let customers buy, hold, and sell Bitcoin and Ether through its mobile app from Nov. 26, with tax handling built into their investment accounts. Summary Two cryptocurrencies will be available to eligible adult customers through Discount’s existing banking app. Six months of account management fees will be waived, but trading rates remain undisclosed. Fireblocks will provide infrastructure for assets held in bank wallets, with sale proceeds credited directly. Discount’s scheduled launch would precede Bank Leumi’s planned crypto trading service in early 2027. Globes reported on Nov. 11 that the service will bring crypto…

Uniswap has launched v2, v3, and v4 on Elysium, bringing three versions of its decentralized trading protocol to the Hyperliquid-focused network two days after its public mainnet debut. Summary Three Uniswap versions are live on Elysium, with official contract addresses available for developers. Elysium uses HYPE for gas and settles to HyperEVM within the Hyperliquid ecosystem. Kinetiq has committed 50% of sequencer revenue to KNTQ buybacks and 25% to builders. Uniswap announced the deployments in a Nov. 11 X post, telling builders they could find the official addresses in its developer documentation. “Uniswap v2, v3, and v4 are live on…

Bitcoin has fallen as much as 16.8% from its September high, as Bitfinex analysts have warned that weak spot buying and stubborn leverage could turn its correction into a deeper decline. Summary $2.22 billion has left US spot Bitcoin ETFs across eight sessions since Oct. 30. Futures positions grew while Bitcoin fell, leaving leveraged traders exposed to another round of liquidations. Nov. 22 is Bitfinex’s two-week checkpoint for Bitcoin to recover its short-term holder cost basis. In its Nov. 11 midweek update, Bitfinex Alpha put the main recovery hurdle at $75,717, the average purchase price of coins held for fewer…

The Bitget hacker has moved $78.61 million in Bitcoin out of labeled wallets over six days, with most of the funds entering CoinJoin transactions, according to Arkham. Summary 1,052.34 BTC left hacker-labeled wallets between Nov. 6 and Nov. 11, according to Arkham. 847.26 BTC entered 66 CoinJoin transactions, accounting for approximately 80.5% of the Bitcoin moved. 959.29 BTC worth $71.44 million remained in the tracked wallets at the latest snapshot. Arkham’s latest update, shared in a thread dated Nov. 12, traced $63.43 million into CoinJoin transactions beginning at 09:27 UTC on Nov. 6. Some Bitcoin went directly from labeled wallets,…

Bitcoin’s Bull Score Index has fallen to zero, its most bearish possible reading, as CryptoQuant analysts weigh whether the latest retreat toward $73,000 is producing a local bottom or the start of a deeper correction. Summary 0 out of 100 leaves none of the Bull Score’s 10 underlying indicators bullish. Analyst sentiment fell to −1.8 standard deviations as ETF withdrawals and inflation concerns weighed on confidence. Earlier bearish readings have accompanied both market recoveries and prolonged periods of falling Bitcoin prices. CryptoQuant research head Julio Moreno confirmed the reading in a Nov. 11 public update, writing: “Our Bitcoin Bull Score…