Crypto

Defense attorneys reportedly requested a mistrial as jurors said they weren’t close to reaching a verdict in the case involving a $25 million Ethereum exploit. Jurors who will decide whether two brothers are guilty beyond a reasonable doubt in a case involving maximal extractable value (MEV) bots on the Ethereum blockchain are no closer to reaching a verdict going into the weekend. According to reporting from Inner City Press at a New York City court on Friday, the jurors in the US government’s case against Anton and James Peraire-Bueno requested additional clarification from the judge regarding the intentions behind their actions. Despite the instructions from the judge, the jurors were reportedly “having an issue reaching a unanimous verdict” in the case. The reporting suggested that the jury could find the brothers not guilty on at least one of the charges for conspiracy to commit wire fraud, money laundering and conspiracy to receive stolen property. Judge Jessica Clarke denied the defense lawyers’ reques...

Outflows from Bitcoin ETFs over the last month have been relatively small despite October's historic market crash that slashed prices by 20%. Bitcoin exchange-traded funds (ETFs) saw less than $1 billion in outflows following the historic crypto market crash in October that caused a 20% decline in BTC’s price, according to senior Bloomberg ETF analyst Eric Balchunas. The ETFs broke a six-day outflow streak on Thursday, recording about $240 million in capital inflows, Balchunas said, sharing a chart that showed net outflows of about $722 million over the past month. “Told y’all the ETF-using boomers are no joke. So who’s been selling? To quote that horror movie, ‘Ma’am, the call is coming from inside the house,’” Balchunas said. The comments refer to the 400,000 BTC sold by Bitcoin whales and long-term BTC holders, who cashed in around the $100,000 price level during October. Read more

Outflows from Bitcoin ETFs over the last month have been relatively small despite October's historic market crash that slashed prices by 20%. Bitcoin exchange-traded funds (ETFs) saw less than $1 billion in outflows following the historic crypto market crash in October that caused a 20% decline in BTC’s price, according to senior Bloomberg ETF analyst Eric Balchunas. The ETFs broke a six-day outflow streak on Thursday, recording about $240 million in capital inflows, Balchunas said, sharing a chart that showed net outflows of about $722 million over the past month. “Told y’all the ETF-using boomers are no joke. So who’s been selling? To quote that horror movie, ‘Ma’am, the call is coming from inside the house,’” Balchunas said. The comments refer to the 400,000 BTC sold by Bitcoin whales and long-term BTC holders, who cashed in around the $100,000 price level during October. Read more

Over $51 million worth of Zcash short positions were liquidated Friday due to the price surge, with the privacy coin up 74% this week alone.

The week in crypto regulation has featured a U.S. push to jail Samourai Wallet founders, Zohran Mamdani’s NYC victory with tougher oversight, renewed calls for a U.S. Bitcoin reserve, and Coinbase fined in Ireland while urging limits on U.S. rulemaking, as policy and markets have intersected across regions. The post Weekly Crypto Regulation Roundup: From Samourai’s Courtroom Reckoning to Mamdani’s Win and Lummis’ Bitcoin Push appeared first on Cryptonews.

The Bitcoin education initiative is closing its local operations and rebranding for a global mission, shifting from teaching students in El Salvador to training educators worldwide. Update (Nov. 7 at 09:07 pm UTC): This article has been updated to incorporate commentary from My First Bitcoin. My First Bitcoin, a Bitcoin education program founded in El Salvador, has ended its collaboration with the country’s Ministry of Education and will transition from running local classes to supporting global Bitcoin education initiatives.  The organization has educated more than 27,000 students in person about Bitcoin (BTC) — primarily in El Salvador — and now plans to support educators and community projects worldwide through open-source materials and training tools. Read more

The Bitcoin education initiative is closing its local operations and rebranding for a global mission, shifting from teaching students in El Salvador to training educators worldwide. Update (Nov. 7 at 09:07 pm UTC): This article has been updated to incorporate commentary from My First Bitcoin. My First Bitcoin, a Bitcoin education program founded in El Salvador, has ended its collaboration with the country’s Ministry of Education and will transition from running local classes to supporting global Bitcoin education initiatives.  The organization has educated more than 27,000 students in person about Bitcoin (BTC) — primarily in El Salvador — and now plans to support educators and community projects worldwide through open-source materials and training tools. Read more

OpenAI's letter to the White House requested federal loan guarantees for AI infrastructure, contradicting CEO Sam Altman's claim that the company doesn't want government support.

Fully satiated shorts were likely booking some profits, but there was a bit of bullish news on the tape as well.

Judge says Keonne Rodriguez “used his talents to enable fraud,” highlighting tension between privacy and law.

US-traded spot Bitcoin (BTC) exchange-traded funds’ (ETFs) flows turned net positive after nearly a week of redemptions. According to Farside Investors’ data, US spot Bitcoin ETFs recorded $240 million in net inflows on Nov. 6, following six consecutive sessions that drained more than $660 million from the products. BlackRock’s IBIT led with $112.4 million, followed […] The post Bitcoin ETFs break 6-day outflow streak with $240M buy: What it means for liquidity appeared first on CryptoSlate.

Researchers say a quarter of trades on the prediction platform show signs of artificial activity.

The DAO behind the exchange issued an onchain warning to those responsible for a major exploit: Return the funds for a bounty or face the consequences. The Balancer Decentralized Autonomous Organization (DAO) issued an onchain notice to the wallet holder behind an exploit this week that resulted in more than $100 million in digital assets being stolen. In a Friday X post, Balancer posted a copy of the message it sent to the individual or group responsible for the incident tied to the platform’s V2 Composable Stable Pools. The decentralized exchange offered them until Saturday to return the funds in exchange for an unspecified bounty, or it would use “technical, onchain, and legal measures” to pursue matters. “We understand that affected users are awaiting further updates,” Balancer said of the exploit. “We will continue to provide information as the investigation progresses.” Read more

The DAO behind the exchange issued an onchain warning to those responsible for a major exploit: Return the funds for a bounty or face the consequences. The Balancer Decentralized Autonomous Organization (DAO) issued an onchain notice to the wallet holder behind an exploit this week that resulted in more than $100 million in digital assets being stolen. In a Friday X post, Balancer posted a copy of the message it sent to the individual or group responsible for the incident tied to the platform’s V2 Composable Stable Pools. The decentralized exchange offered them until Saturday to return the funds in exchange for an unspecified bounty, or it would use “technical, onchain, and legal measures” to pursue matters. “We understand that affected users are awaiting further updates,” Balancer said of the exploit. “We will continue to provide information as the investigation progresses.” Read more

Crypto stocks slid as macro fears, government shutdown jitters and lingering fallout from October's $19 billion liquidation hit investor sentiment. Shares of crypto-focused companies have tumbled this week, capping a bruising stretch for the digital asset sector marked by renewed macroeconomic fears and lingering fallout from October’s liquidity crunch and mixed corporate earnings. Coinbase (COIN), Block Inc. (XYZ) and Robinhood (HOOD) have fallen 11% to 14% this week, according to Google Finance data, erasing recent gains and underscoring the fragile sentiment surrounding crypto-linked equities. On Oct. 30, Coinbase reported stronger-than-expected earnings and revenue as it advanced its “Everything Exchange” initiative, aimed at expanding the volume and diversity of tradable assets on its platform. Yet, despite the upbeat results, shares failed to maintain momentum amid broader market pressures and declining risk appetite. Read more

Crypto stocks slid as macro fears, government shutdown jitters and lingering fallout from October's $19 billion liquidation hit investor sentiment. Shares of crypto-focused companies have tumbled this week, capping a bruising stretch for the digital asset sector marked by renewed macroeconomic fears and lingering fallout from October’s liquidity crunch and mixed corporate earnings. Coinbase (COIN), Block Inc. (XYZ) and Robinhood (HOOD) have fallen 11% to 14% this week, according to Google Finance data, erasing recent gains and underscoring the fragile sentiment surrounding crypto-linked equities. On Oct. 30, Coinbase reported stronger-than-expected earnings and revenue as it advanced its “Everything Exchange” initiative, aimed at expanding the volume and diversity of tradable assets on its platform. Yet, despite the upbeat results, shares failed to maintain momentum amid broader market pressures and declining risk appetite. Read more

Bitcoin dropped 20% from its all-time high, leaving analysts split on whether a slow recovery or a fresh parabolic price breakout will happen in the next few months. Key takeaways: Bitcoin analyst Timothy Peterson expects two to six months for recovery, though forecasts remain divided. One model cites historical price action breakout phases from 2017, 2021 and 2024.  Read more

Bitcoin dropped 20% from its all-time high, leaving analysts split on whether a slow recovery or a fresh parabolic price breakout will happen in the next few months. Key takeaways: Bitcoin analyst Timothy Peterson expects two to six months for recovery, though forecasts remain divided. One model cites historical price action breakout phases from 2017, 2021 and 2024.  Read more

Stablecoin activity has expanded beyond trading as Tether has allocated profits into Bitcoin and OKX has launched a yield wallet and card in Brazil, placing dollar tokens in daily spending while regulators weigh reserves, redemption, disclosure, and banking effects. The post Can Stablecoin Replace Failing Fiat? Tether’s BTC Buys, OKX Brazil Push in Spotlight appeared first on Cryptonews.

Square Enix says it plans to have generative AI handle 70% of QA and debugging work, slashing more jobs as it embraces automation.