Author: James Wilson

A US experiment allows certain venues to trade tokenized stocks under temporary conditions. The most revealing dispute concerns third parties that put shares onchain without the company’s involvement. Investors still need to know who holds the share, what rights travel with the token and what happens if the company objects. Summary The SEC’s temporary exemption covers eligible venues trading tokenized US stocks, including products created by third parties with no affiliation to the underlying issuer. An issuer has 30 calendar days to object after receiving notice about third-party tokenisation under the order’s notice procedure. A venue that receives a qualifying…

Bitcoin has edged back above $76,000 on Nov. 7, but weak daily momentum and another $411.9 million in U.S. spot ETF withdrawals have left its recovery close to a key weekly support level. Summary Bitcoin traded near $76,070, with daily RSI below neutral at 38.78. The 50-week moving average near $75,562 sits just above the $75,000 weekly pivot. Liquidation clusters surround the market, with nearby overhead concentrations around $76,500–$77,500. U.S. spot Bitcoin ETFs lost approximately $1.28 billion across the Nov. 2–6 trading week. According to the daily price chart, Bitcoin traded at $76,070 at 09:31 UTC, up 0.30% during Saturday’s…

NFT sales fell 19.61% to $32.05 million over the past seven days, while Courtyard retained the collection lead and Ethereum recorded higher sales despite the market’s overall decline. Summary NFT sales totaled $32.05 million, down 19.61% from the previous seven-day period. Buyer addresses rose 20.24%, while transactions fell 11.64% to 787,901. Ethereum led blockchains with $12.82 million in sales, up 5.80% over the week. Base sales climbed 29.82% to $1.95 million, placing the network fifth. Courtyard led collections with $8.18 million, accounting for roughly one-quarter of total sales. According to data from CryptoSlam, NFT buyer addresses reached 268,887 during the…

Bubblemaps has accused crypto influencers of using hidden wallets to profit from their followers, calling on launchpads to audit leading traders and ban repeat offenders as it prepares to identify another prominent figure. Summary Bubblemaps alleges public trading wallets attract followers while undisclosed addresses sell tokens. The firm says promotional rewards and leaderboards encourage traders to exploit their audiences. Previous investigations examined alleged activity involving Ethan, Anglio, Solstice and Kimchi. Its latest post promises another investigation but does not identify the influencer involved. Bubblemaps outlined the allegations in a Nov. 6 post on X, arguing that social trading’s promise of…

Microsoft has begun winding down an agreement to rent AI computing capacity from Oracle after deciding not to renew a contract involving older Nvidia chips that no longer met its requirements. Summary Microsoft has been switching off rented Oracle computing capacity in recent months, according to Bloomberg. Oracle says older GPU capacity was renewed or resold at a 20% premium. Microsoft committed more than $80 billion to computing capacity from outside cloud providers. The pullback follows growing concerns inside Microsoft over suppliers’ costs and delivery delays. In a Nov. 6 report citing people familiar with the matter, Bloomberg said Microsoft…

U.S. stocks have lost approximately $3.7 trillion in market value during Thursday’s sell-off, as retail selling spread to hedge funds and asset managers before automated trading strategies deepened the losses. Summary Retail investors’ net selling ranked behind only two sessions during the March 2020 pandemic shock. Nomura estimated $7 billion in potential dealer selling for each further 1% market decline. Volatility-control funds faced an estimated $61 billion reduction in stock exposure as market turbulence grew. Goldman Sachs estimated technology-focused hedge funds lost more than 4% during Thursday’s trading session. According to Bloomberg’s Nov. 6 account, Wall Street took roughly 24…

Bitcoin has slipped to around $75,800 on Nov. 6, leaving buyers defending $75,000 as weak daily momentum challenges analysts’ expectations of a recovery toward $81,000–$82,000. Summary Bitcoin traded near its lower daily Bollinger band, with RSI below neutral at 37.82. The weekly chart showed a brief drop below the $75,000 pivot before buyers recovered it. Liquidation clusters appeared above $76,000 and below $75,000, leaving leverage exposed in both directions. Ted Pillows identified buying interest at $73,000–$75,000, while Crypto Patel illustrated a deeper pullback scenario. According to the daily chart, Bitcoin traded at $75,798.85 at press time on Nov. 6, down…

U.S. Bitcoin and Ether ETFs have recorded $530.1 million in combined net outflows on Nov. 5, as AMINA Bank’s derivatives chief has pointed to renewed fund buying as the key to sustaining crypto gains into 2027. Summary Bitcoin ETFs lost $430.2 million on Nov. 5, while Ether funds shed $99.9 million. AMINA’s Andreja Cobeljic sees Ether ETF demand as a key signal for continued crypto gains. Low futures premiums suggest arbitrage dominates positioning, according to the bank’s derivatives chief. Growing demand for downside protection could support a later recovery, in his assessment. Andreja Cobeljic, head of derivatives trading at AMINA…

CertiK has warned that attackers are using a newer version of the DarkSword iOS exploit kit to target crypto wallets on unpatched iPhones, with a malicious Safari page potentially enough to compromise a device. Summary Six vulnerabilities underpin the DarkSword chain documented by Google for iOS 18.4 through 18.7. P7 DarkSword supports wallet scanning, credential collection, and remote commands on compromised phones. Researchers have observed malicious advertisements delivering the malware while users scroll their Instagram feeds. CertiK recommends updating iOS and moving exposed funds to a wallet with a fresh recovery phrase. CertiK, in a Nov. 6 warning, said the…

Binance’s $6.34 billion hack has driven heavy cryptocurrency withdrawals and some of Bitcoin’s most negative social sentiment on record, while futures traders have maintained billions of dollars in positions, according to Santiment. Summary Bitcoin sentiment fell to 0.37 positive comments per negative comment following the Oct. 29 breach. Binance-associated wallets recorded roughly 28,316 BTC in net outflows through Nov. 5. Bitcoin and Ethereum futures open interest remained near $8.97 billion and $8.03 billion, respectively. ENA withdrawal activity reached 169 addresses in one hour, compared with the usual 20–25. Santiment’s Nov. 6 report examined exchange flows, social commentary and derivatives activity…