Author: James Wilson
Bitcoin (BTC) price has fallen below $77,000 on November 3, as renewed institutional withdrawals, leveraged liquidations and weakness in global technology stocks have pressured cryptocurrency markets. Summary Bitcoin price has fallen 2.19% to $76,455.56, extending its seven-day decline to 3.59%. U.S. spot Bitcoin ETFs recorded $398.6 million in outflows on November 2, following $643.3 million on October 30. Bitcoin liquidations reached $88.83 million over 24 hours as leveraged traders faced further selling pressure. Weakness in technology stocks and uncertainty surrounding the November 3 U.S. midterm elections weighed on market sentiment. Bitcoin price prediction levels place immediate support near 76,400–76,500, with…
Tether CEO Paolo Ardoino has revealed that the stablecoin issuer owns approximately 150,000 Bitcoin as the company continues investing in digital assets and financial infrastructure. Summary Tether CEO Paolo Ardoino said the company owns nearly 150,000 Bitcoin, although he did not provide a detailed breakdown of those holdings. Ardoino claimed Tether serves more than 730 million users worldwide, adding around 30 million new wallets every quarter. Tether’s Q3 2026 attestation recorded $132.4 billion in direct and indirect U.S. Treasury bill exposure. The company’s excess reserves reached $7.95 billion at September’s end, while quarterly net operating profit stood at $1.5 billion.…
Log Scale Investments CEO Mike Flaum has predicted Bitcoin will reach a new all-time high in 2027, rejecting the idea that its price still follows a dependable four-year cycle. Summary Flaum expects a Bitcoin record in 2027 and says the four-year cycle is over. Galaxy’s latest research argues Bitcoin bottomed in June, revising its earlier downside assessment. Fidelity says improving market signals still leave questions about whether a sustained recovery has begun. Grayscale favors economic conditions and interest rates over the halving calendar when assessing Bitcoin. Bitcoin Magazine shared Flaum’s forecast following an Oct. 30 interview in which the investment…
Dogecoin supporters have celebrated International Doge Day on Nov. 2 with tributes to Kabosu, the Shiba Inu behind the Doge meme, while DOGE has traded near $0.074, roughly 90% below its record high. Summary DogeOS and FLOKI shared tributes celebrating Kabosu and the community built around her image. Sakura City’s Doge Day event listed a gathering at Kabosu’s bronze statue in Japan. DOGE traded near $0.074, with a market capitalization of approximately $11.5 billion. Dogecoin Labs’ formation has brought fresh plans for wallets, payments and applications using DOGE. DogeOS and FLOKI marked the occasion in Nov. 2 posts on X,…
TRON has overtaken Ethereum in average USDT supply during the third quarter of 2026, as its stablecoin balances and monthly active addresses have reached record quarterly averages. Summary TRON held 49.49% of USDT across 12 tracked chains, averaging $90.75 billion during Q3. Stablecoin transfers totaled $2.18 trillion, while average stablecoin holder addresses reached 76.53 million. Monthly active addresses averaged 17.81 million, although activity eased toward the end of September. Network revenue fell 3.10% from Q2 to $693.21 million as average transaction fees declined. Token Terminal’s Q3 report, published Nov. 2 and shared by TRON DAO, puts the network’s average stablecoin…
The U.S. Securities and Exchange Commission has updated its crypto asset FAQ with three entries explaining how shared governance, control over network access, and decentralization fit into its token classification framework. Summary Three new answers address governance participation, control over network access, and the meaning of functionality. Governance through an organization or foundation does not automatically make participants a controlling group. Staff guidance distinguishes a usable crypto system from one operating autonomously without centralized control. The FAQ carries no legal force, drawing attention to the distinction between guidance and legislation. The SEC’s Division of Corporation Finance added questions 1.4 through…
Coinbase has disclosed that New Jersey intends to withdraw its staking enforcement order after more than three years of restrictions on customers adding new assets to the service. Summary New Jersey notified Coinbase on Oct. 29 that it intends to rescind its enforcement order. Existing New Jersey stakers have remained eligible for rewards, with new staking restricted. Five states withdrew their staking actions against Coinbase in March and April 2025. Coinbase’s eligibility page still lists New Jersey restrictions, without a confirmed reopening date. Coinbase’s quarterly filing states that New Jersey’s securities regulator informed the exchange of its intention to rescind…
Crypto points programs are facing fresh criticism as users question whether the prospect of future rewards still justifies the time, fees, and capital they commit to projects. Summary Nairolf says opaque rewards and delayed payouts have weakened trust in crypto points programs. Critics argue teams benefit from user activity while retaining control over eventual rewards. KAST reportedly plans to stop points earning Nov. 30 and introduce nontradable replacement units. Proposed changes include issuing tokens immediately, with supply, distribution and transferability conditions disclosed upfront. Pseudonymous crypto commentator Nairolf sparked the discussion in Nov. 2 posts arguing that points remain useful for…
Trade.xyz has restored its GitBook documentation after identifying unauthorized activity on Nov. 2, while warning users to avoid links within the pages as its investigation continues. Summary Trade.xyz said its GitBook documentation was restored to its previous state by 9:15 a.m. ET. Users were advised to avoid documentation links despite the restoration while the investigation remained ongoing. The notice did not disclose a loss figure or identify how the unauthorized access occurred. The incident follows Trade.xyz’s agreement with ICE to develop a separate, regulated U.S. perpetual futures market. Trade.xyz said in its Nov. 2 announcement that unauthorized activity had affected…
Aave has adopted Chainlink’s 24/7 price feeds for its Horizon lending platform, bringing weekend and holiday valuations to tokenized collateral, starting with heavily traded U.S. equities. Summary Aave Horizon is using Chainlink’s 24/7 feeds to value tokenized real-world assets pledged as collateral. Weekend prices draw on perpetual futures venues while the underlying traditional stock exchanges remain closed. Institutional borrowers must meet issuer requirements before using tokenized assets to access Horizon’s stablecoin liquidity. Horizon’s existing documentation describes price safeguards designed to prevent faulty valuations from triggering liquidations. Chainlink identified Aave as its official launch partner in posts published on Nov. 2,…