The Block 42
Bitcoin ‘ripe for a squeeze’ as options traders raise odds of sub-$70,000 Christmas
Bitcoin trades below $74,000 on Wednesday after five weekly losses, with Derive pricing 31% odds of a sub-$70,000 Christmas.
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Bitcoin Core discloses three patched security flaws, including high-severity mining bug
Bitcoin Core disclosed three previously patched security vulnerabilities, including a high-severity bug affecting block template creation.
Deutsche Bank goes live with digital asset custody service, signs asset management deal
Deutsche Bank launched its digital asset custody service and signed an agreement covering tokenized funds, crypto ETCs, and stablecoins.
Kraken parent Payward adds 200 tokenized UK and European equities to xStocks offering
Kraken parent Payward added more than 200 UK and European equities to xStocks, taking its tokenized offering past 1,500 assets.
Canaan’s Q3 revenue plunges 90% to $14.5 million as bitcoin mining hardware sales slump
Canaan's Q3 revenue fell 90% to $14.5 million, though cryptocurrency and derivatives gains supported an $8 million profit.
eToro’s Q3 profit plunges 74% as weaker crypto trading weighs on earnings
eToro reported a 74% decline in Q3 profit to $15 million, with weaker crypto activity weighing on earnings.
HIVE reports $79 million quarterly net loss as bitcoin mining revenue falls and AI business grows
HIVE reported a $78.7 million quarterly net loss and $84.9 million in revenue, including $8.8 million from its AI business.
Coinbase and PNC Bank expand partnership with USDC payments for corporate clients
PNC Bank is piloting USDC payment acceptance for corporate and institutional clients through its expanded partnership with Coinbase.
Tom Lee’s Bitmine nears 5% Ethereum supply target with $20 million ETH buy as he predicts tokenization and AI ‘supercycle’
Bitmine bought another 9,587 ETH last week, closing in on its target of 5% of Ethereum's circulating supply.
‘Connecting the dots’: Michael Saylor’s Strategy buys another 1,036 bitcoin for $82 million as holdings top 850,000 BTC
Strategy's total holdings account for more than 4% of bitcoin's supply cap, with $500 million in paper gains.
Bitcoin loses 50-week moving average as 24-hour crypto long liquidations top $1 billion
Bitcoin closed below its 50-week moving average as more than $1 billion in crypto long positions were liquidated.
Crypto-friendly Robinhood brings US IPO access to UK retail investors
Robinhood has launched commission-free IPO Access in the UK, allowing retail investors to request shares in eligible U.S. listings
Zama spin-off Raycash launches confidential stablecoin payments and private yield on Ethereum
Raycash has launched its app on Ethereum, enabling private stablecoin payments and Morpho yield on idle balances.
ETH+1
TeraWulf’s bitcoin mining revenue falls 69% as HPC leasing surges amid Anthropic buildout
TeraWulf reported $63 million in artificial intelligence-related quarterly HPC lease revenue, up 774% year over year.
Crypto ETFs see over half a billion dollars in outflows amid post-midterm market slide
U.S. spot crypto ETFs slumped back to net outflows on Thursday, with more than $540 million in withdrawals across major products.
Anchorage Digital seeks CFTC swap dealer registration for crypto options business
Anchorage Digital has applied for CFTC swap dealer registration and plans to offer European-style bitcoin and ether options if approved.
Samsung Wallet launches USDC accounts on Solana for US Galaxy users
Samsung Wallet's Stablecoin Account is now live for eligible U.S. Galaxy users, allowing them to use USDC on Solana.
Circle reports $865 million in Q3 revenue and reserve income, discloses 5% workforce reduction
Circle reported $865 million in third-quarter revenue and reserve income and disclosed cuts affecting approximately 5% of its workforce.
BitGo launches institutional trading and financial solutions business led by former NYDIG executive
BitGo has launched Global Markets, an institutional trading and financial solutions business headed by former NYDIG executive Pete Janney.
Liquid Network restores full bitcoin backing following $320 million exploit
Liquid Network said its bitcoin reserves are back to full backing after September's exploit, with Blockstream providing the funds.
Strive inches closer to becoming second-largest public bitcoin holder after latest $10 million buy
Strive bought another 124 BTC, bringing it closer to becoming the second-largest public company holder of bitcoin after Strategy.
‘We found room for even more orange’: Michael Saylor’s Strategy scoops up another 811 bitcoin for $65.5 million
The latest bitcoin acquisition disclosure comes after Strategy reported $19.5 billion in third quarter net income on Thursday.
Bitwise raises bitcoin price target to $1.6 million by 2036, projects 34% annualized returns
Bitwise's bear case puts bitcoin at $130,686 by 2036, while its bull case reaches $3.67 million over the next decade.
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Avail launches ShieldTX privacy tool targeting copy-trading bots on Hyperliquid
Avail launched ShieldTX, a Hyperliquid privacy tool that creates a separate wallet for each perpetual futures position.
Galaxy Digital swings to $323 million quarterly profit, announces new $200 million share buyback
Galaxy returned to profitability in the third quarter as trading volumes and lending increased, with a new $200 million buyback authorized.
Ark Invest buys $5.2 million of Circle shares, sells $15.9 million of its own Bitcoin ETF as BTC grinds lower
Ark Invest rebalanced its fund weightings, adding Circle shares and trimming its Bitcoin ETF holdings as BTC fell below $80,000.
Strategy pauses bitcoin buys, repurchases $205 million of STRC preferred shares
Strategy's bitcoin holdings account for roughly 4% of the total supply cap, with $3.9 billion in paper gains.
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Strive closes in on second-largest corporate bitcoin treasury with $511 million purchase
Strive's latest bitcoin purchase puts it within 1,000 BTC of second-place Metaplanet as it unveils a new $1 billion preferred stock offering program.
Aviva Investors, Ripple launch tokenized share class of $29 billion sterling fund on XRP Ledger
Aviva Investors has launched a tokenized share class of its Sterling Liquidity Fund on the Ripple-backed XRP Ledger.
Singapore, Malaysia and Thailand central banks expand cross-border stablecoin initiative involving Ripple, Visa and Mastercard
Malaysia and Thailand have joined Singapore's BLOOM initiative for cross-border stablecoin and tokenized deposit settlement.
Bitcoin ETFs swing back to net outflows as $636 million in withdrawals erase previous day’s inflows
BlackRock's IBIT led Thursday's net outflows with $254.1 million, while four other funds also witnessed withdrawals.
Fireblocks denies report of $2.5 billion acquisition talks with Visa
Fireblocks denied an Axios report that Visa is in talks to acquire the crypto custody firm for around $2.5 billion.
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SoFi launches interest-bearing, FDIC-insured tokenized deposit for crypto users
SoFi has launched SOFIE, a tokenized deposit offering 4.4% APY and FDIC insurance, with the option to convert to SoFiUSD.
Starknet community overwhelmingly backs research into becoming an independent post-quantum Layer 1
Starknet's community backed research into becoming an independent post-quantum Layer 1, with a draft whitepaper expected in November.
Standard Chartered signs definitive agreements to acquire Zodia Custody
Standard Chartered has signed definitive agreements to acquire Zodia Custody, subject to regulatory approval.
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Bitcoin volatility nears 2026 lows as traders brace for Fed decision and US midterms
Bitcoin volatility is approaching its 2026 lows, with K33 pointing to weak trading activity ahead of several potential market catalysts.
Mastercard opens early access to AI agent payments following pilots with Coinbase, Base and Cloudflare
Mastercard opened early access to Agent Pay for Machines after pilots with Coinbase, Base, Cloudflare, and other partners.
Swiss regulator FINMA approves country’s first spot bitcoin ETF for retail investors
FINMA approved Switzerland's first retail bitcoin ETF, following earlier crypto ETP listings and a fund restricted to qualified investors.
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Mastercard unveils Stablecoin Security tool to screen payments for fraud and sanctions risks
Mastercard unveiled Stablecoin Security, a risk screening service launching in North America before planned global availability in 2027.
Strive scoops up another 1,223 bitcoin for $100 million as total holdings reach 36,818 BTC
Strive paid approximately $81,734 on average per bitcoin, adding to the 2,822 BTC it had acquired earlier last week.
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