The latest in digital assets, markets and regulation.
Blockchain Association urges Congress to pass crypto tax bills amid legislative stalls. Current House and Senate drafts exclude key industry asks like mining deferrals, while regulatory uncertainty persists ahead of midterm recess.
Bitcoin ETFs flipped October positive with $1.07 billion in three-day inflows, yet prices fell 2.4% to $81,470. Ethereum ETFs saw minor recovery but remain down $1.07 billion for the month, amid mixed trader sentiment.
Tesla's Q3 net income dropped 43% to $787 million as spending on Optimus robots and Cybercabs surged. Production of humanoid bots began in Fremont, while driverless taxis face regulatory audits ahead of targeted 2026 customer deliveries.
Coinbase Ireland agreed to pay $3.6 million for failing to safeguard user funds and provide proper oversight between 2020 and 2025. The Central Bank cited improper reliance on US-based outsourcing, requiring High Court approval for the sanctions.
Bitcoin hashrate hit a seven-month high as smaller miners bought used hardware from firms shifting to AI. Difficulty rose 5.92% on Oct. 16, with another 5.16% jump projected, indicating intense competition despite major players leaving the sector.
Utexo opens early access to Utexo Mint for professional operators to test USDT on Bitcoin integrations ahead of the November 28 public launch. The platform uses RGB technology for private transactions while maintaining AML compliance through partnerships.
Fireblocks denies Visa is negotiating a $2.5 billion acquisition, dismissing recent reports as untrue. The rumor suggested a major deal in stablecoin infrastructure, contrasting with Visa's existing partnerships and Mastercard's recent purchase of BVNK.
Decrypt partners with Jupiter to enable direct token swaps within its news platform, launching The Information Exchange. Users can trade crypto, tokenized stocks, and real-world assets via Decrypt Money Accounts without leaving the site.
SoFi launched SOFIE, a tokenized bank deposit offering 4.4% APY with FDIC insurance up to $250,000. Users can convert it to SoFiUSD for crypto transactions, though the stablecoin itself lacks federal insurance.
CryptoQuant CEO Ki Young Ju views Bitcoin’s 45% hashrate recovery as an indirect bullish signal from institutions backing public miners. Despite network security improvements, miner stocks like NIP Group declined sharply due to broader market pressures and inflation concerns.
Central Bank of Ireland fines Coinbase Ireland €3.25 million for safeguarding failures between 2020 and 2025. Regulators cited excessive reliance on US parents and account underfunding, though Coinbase states no customer losses occurred.
Look Into Bitcoin Research Director Matt Crosby argues that Bitcoin's current price consolidation is a healthy buildup of potential energy. He cites ETF flows, macro data, and on-chain metrics as indicators that the asset is primed for a major upward breakout.