Crypto Industry News & Market Trends

Bitcoin Loses Key 200-Day Average: Is $67,000 Next？

Bitcoin price fell below its 200-day moving average of $73,137 on Thursday. It‘s one of the most closely watched indicators in crypto because it helps investors understand whether Bitcoin’s long-term price trend is strengthening or weakening.　　BTC currently trades at around $71,000, nearly 3% below that critical level. If Bitcoin fails to reclaim that level, the largest cryptocurrency could fall towards $67,000, erasing all of its gains since August.　　Sponsored　　Sponsored　　Fed Almost Certain to Hike Interest Rates　　The market now widely expects an interest rate hike in December from the Federal Reserve. The latest CPI data suggested inflation is hotter than expected, which leaves no room for a rate pause.　　CME FedWatch December rate hike probabilities. Source: CME FedWatch　　Meanwhile, the 10-year Treasury yield returned to roughly 5%, and the dollar index neared a 19-month high, per Kitco.　　Gold and Silver also fell by more than 2%.　　Are Bitcoin Holders Selling？　　US spot Bitcoin ETFs lost $299.8 million on Wednesday, extending five days of outflows. BlackRocks IBIT accounted for most of the exit.　　Separately, index provider MSCI confirmed it will remove Strategy (MSTR), the Bitcoin treasury firm, from two US indexes.　　Sponsored　　Sponsored　　Spot selling then accelerated once BTC lost $72,000, analyst Ted Pillows noted.　　Whats Next For Bitcoin Price？　　Bitcoin is on track to

Yesterday 05:14Industry

S&P 500 Recovered $1 Trillion in 90 Minutes Despite Wider Market Crash

The S&P 500 looked headed for a bruising Thursday after Nvidia lost as much as $600 billion in market value. Then Wall Street reversed course.　　The index fell nearly 1% at the opening bell as Nvidia shares plunged up to 14% following founder Jensen Huangs abrupt resignation. Within about 90 minutes, the S&P 500 had recovered its losses.　　Sponsored　　Sponsored　　Why Didnt Nvidia Drag Down the Whole Market？　　Nvidias sell-off was severe, but it eased as trading progressed. Buyers also moved into its competitors: AMD rose roughly 7%, while Broadcom gained more than 5%.　　Gains elsewhere helped offset Nvidia‘s losses, suggesting investors were still willing to bet on demand for AI chips, even as they questioned Nvidia’s leadership.　　This is unbelievable.　　The S&P 500 is now up 3.65% this week and just 2.5% away from a new ALL TIME HIGH.　　This is happening despite a hotter than expected CPI print, and just one week after one of the biggest wipeouts in S&P 500 history. pic.twitter.com/ZqGsdWVEpu　　— Bull Theory (@BullTheoryio) November 11, 2026　　Retail investors bought an estimated $111 million of Nvidia shares in the first half-hour alone, Reuters reported.　　“You notice some of Nvidias losses have been offset by gains in competitors,” Peter Tuz, president of Chase Investment Counsel, told Reuters.　　Nvidia has

Yesterday 05:14Industry

Telegram Android Flaw Sparks Bybit Security Warning for Crypto Users

Crypto exchange Bybit told users on Friday to update Telegram on Android now. The warning follows a bug that let a single chat message run code on Android phones.　　The risk reaches beyond Telegram. “A compromised device could also put other apps at risk,” Bybit said. Exchange and wallet apps often share a phone with Telegram.　　Sponsored　　Sponsored　　What did the Telegram bug do？　　On November 9, Telegram let bots send “widgets,” small apps inside a chat message, according to tbreak.　　Two days later, security firm V12 posted a video in which a bot message opened an Android phones Calculator app on its own. That demonstrates remote code execution (RCE): an outsider making a device run commands it should not.　　Any telegram message can now become RCE　　6630b003766baed1fa86cea880d22e41dc416f63d800de3246941ede2396ad48 https://t.co/YutcuqjXud pic.twitter.com/NLqRINZ0hg　　— V12 (@v12sec) November 11, 2026　　V12 has not published how the attack works, and no independent party has confirmed it, Kod.ru reported.　　Is the Bug Fixed？　　Telegram says yes. “This issue in Telegram for Android was fixed yesterday, and the fix was deployed to all users earlier today,” it posted on November 11.　　Sponsored　　Sponsored　　dev.ua found no evidence of real attacks.　　Why Does it Matter for Crypto Users？　　The widgets carry payments in Gram, the TON blockchain‘s currency, formerly Toncoin, through Telegram’s self-custody wallet. Self-custody

Yesterday 05:13Industry

SpaceX-Tesla Merger Could Come Soon: What Do Shareholders Get？

SpaceX-Tesla merger talks are progressing, and a deal could be announced as early as December, Bloomberg reported Thursday. Combined, the two companies are worth roughly $3.5 trillion, enough to make it the largest corporate deal ever.　　No terms are signed, and the deal could still slip into 2027. For Tesla shareholders, the question is the swap rate, meaning how many SpaceX shares each Tesla share would buy, and at what premium.　　What Would Tesla and SpaceX Shareholders Get？　　Bank of America analyst Alexander Perry expects SpaceX to buy Tesla with stock, not cash. At a 20% premium, he estimated Tesla holders would own about 47% of the combined company, using October 20 prices. A bigger premium shrinks SpaceX holders slice.　　Sponsored　　Sponsored　　Tesla stock traded at $393.65 and SpaceX at $140.33 as of this writing. One Tesla share equaled about 2.8 SpaceX shares before any premium.　　Elon Musk keeps control either way. Barclays estimates he would hold about 56% of the combined voting power.　　Why Teslas Own Rules Could Still Block the Merger　　Musk controls more than 80% of SpaceXs votes. Tesla is harder, because its charter requires a majority of all outstanding shares. Investors who skip the vote count as a “no.”　　In 2025, that rule sank a non-binding

Yesterday 05:13Industry

Gemini reportedly sells UK and EU units to KAST for under $10M

Gemini has reportedly sold its UK and European operations to stablecoin payments company KAST for less than $10 million, following its decision to leave those markets earlier this year.　　SummaryUnder $10 million was paid for the regional operations, according to a person familiar with the transaction.Gemini announced its European and Australian withdrawal in February alongside plans to cut its workforce.KAST raised $80 million in March and has since launched a stablecoin business platform.Gemini has pursued U.S. prediction markets through a proposed distribution agreement with Apex.　　CoinDesk reported on Nov. 12 that Gemini Space Station, the company behind the exchange founded by Cameron and Tyler Winklevoss, had completed the sale, citing a person familiar with the matter.　　Gemini declined to comment. A KAST spokesperson would not discuss the transaction but told the outlet, “we are actively in the market for M&A, as our revenue and footprint grows.”　　An earlier indication appeared in a KAST recruitment listing roughly a month before the report. The listing asked a prospective European general manager to oversee the transition of Geminis UK and European Union staff, according to the same reporting.　　You might also like:　　Gemini, CFTC lose bid to cancel $5 million penalty　　Geminis European exit began with February cutbacks　　The regional disposal

Yesterday 05:11Industry

Crypto hack losses equal 57 cents per $1 earned onchain: Arks Valente

Hackers stole 57 cents for every $1 earned onchain by blockchain protocols since 2017, according to Lorenzo Valente, director of digital asset research at ARK Investment Management.　　“Security is the bottleneck,” wrote Valente in a Thursday X post, sharing a chart showing that $8.7 billion lost to crypto hacks year to date had already surpassed the $5.6 billion in estimated annual onchain revenue for 2026.　　Since 2017, the crypto industry has lost about $26.9 billion to hacks and earned $47 billion in total onchain revenue, he added.　　The recent $6.3 billion stolen in the Binance hack alone exceeded Valentes estimate for full-year 2026 onchain revenue. Value lost to hacks is on track to exceed onchain revenue by year-end for the first time since 2020.　　The crypto industry saw a string of high-value hacks this year, including September‘s $387 million Bitget hack and the $320 million Liquid Network exploit, as well as April’s $295 million Drift Protocol exploit.　　The mounting security exploits are weighing on the institutional appetite for DeFi. In an April research note, JPMorgan analysts identified bridge security as a long-standing challenge for the industry.　　Total value locked in decentralized finance (DeFi) has fallen nearly 10% since the Binance exploit, from $85.9 billion on Oct.

Yesterday 05:10Industry

US Justice Department, business groups and DeFi firms challenge Illinois crypto tax

The US Department of Justice, business and financial industry groups and a coalition of decentralized finance (DeFi) firms have backed a legal challenge to Illinois 0.2% digital asset tax, arguing that the measure unfairly targets cryptocurrency transactions and could impose taxes even when investors make no profit.　　Over the past week, the Justice Department filed a statement of interest, while the US Chamber of Commerce and the Securities Industry and Financial Markets Association (SIFMA) submitted an amicus filing. A coalition that includes venture capital firms Andreessen Horowitz and Paradigm as well as crypto protocols Uniswap and Aave Labs also filed a brief, according to a Thursday announcement from the Blockchain Association and Crypto Council for Innovation.　　The law, enacted in June, imposes a 0.2% tax on the value of digital assets exchanged, transferred or stored, regardless of whether a transaction generates a profit.　　The Digital Chamber sued Illinois Attorney General Kwame Raoul and state revenue official David Harris in July, followed by a separate challenge from the Blockchain Association and Crypto Council for Innovation in August. Originally scheduled to take effect on Jan. 1, 2027, the tax was delayed until July 1, 2027, allowing more time for the legal challenges.　　Illinois had projected the

Yesterday 05:10Industry

Why the Path to Quantum Resistance Runs Uphill for Bitcoin Wallet Makers

In briefTrezor is preparing for the UX challenges of a post-quantum Bitcoin, where SHRINCS, the communitys leading candidate signature scheme, lets users choose efficient “stateful” signatures that can expose funds to theft if reused beyond a signing budget, CTO Tomáš Sušánka said.To reduce that risk, Trezor is considering making larger, safer “stateless” signatures the default and hiding the riskier stateful option behind advanced settings.He also noted devices themselves need post-quantum upgrades for firmware and authentication.　　Bitcoin custody has always involved some degree of risk, but wallet manufacturers like Trezor—which build physical devices designed to keep a users private keys secure offline—are preparing for a post-quantum world where new challenges arise.　　That‘s because SHRINCS, the community’s leading candidate for a post-quantum signature scheme, allows users to make transactions using stateful signatures that require rigid state tracking to prevent funds from being stolen, according to Trezor CTO Tomáš Sušánka.　　Proposed late last year by Blockstream Research Director Jonas Nick and cryptographer Mikhail Kudinov, SHRINCS centers on a composite hash-based approach: users can make transactions using either stateful signatures or stateless signatures.　　Predict·CryptoBTC Highs in November　　80,00042%YesNo　　82,50010%YesNo　　85,0007%YesNo　　87,5004%YesNo　　90,0002%YesNo　　+6 more outcomes+5 more outcomes　　NEW　　$205.05 volume　　Dec 1Closes: Dec 1, 2026, 04:59 UTC　　Closes: Dec 1, 2026, 04:59 UTC　　Stateless signatures are quite large—potentially affecting

Yesterday 04:36Industry

Kalshi ends Trump Jr. advisory role over Polymarket ties

Kalshi has ended Donald Trump Jr.s advisory contract after his venture capital firm, 1789 Capital, deepened its investment in rival prediction market Polymarket.　　Reuters reported on Nov. 12 that a Kalshi spokesperson attributed the departure to 1789 Capital‘s investment in its competitor over the summer. The company thanked Trump Jr. for helping bring customers to the platform and said talks about ending his contract began in August, when his firm led Polymarket’s latest financing.　　“We have mutually agreed to end Don‘s advisory role after his firm’s significant investment in a competitor this past summer,” the spokesperson said.　　Polymarket and Trump Jr. did not immediately respond to Reuters requests for comment.　　Kalshis former adviser backed a $1 billion rival funding round　　As crypto.news previously reported, 1789 Capital agreed to contribute approximately $300 million toward a Polymarket funding round targeting $1 billion in September. The planned financing valued the company at $21 billion, compared with a valuation close to $15 billion before the transaction.　　A spokesperson for the investment firm confirmed the financing details at the time. Its earlier investment of roughly $200 million would bring its combined commitments to around $500 million with the new contribution. The September figures described the planned financing and commitments, not a

Yesterday 04:30Industry

Helius encrypts Solana transfers without removing operator trust

Helius launched its permissionless Privacy Ring on Solana mainnet on Nov. 10 with encrypted payment assets and amounts, while sender and recipient wallet addresses remain visible.　　Related Asset Solana #7 SOL · $81.35 24-hour change: down 4.24% Loading price history… 24H Down 4.24% 7D Down 9.78% 30D Down 23.98%　　Its documented default prover, the service that constructs zero-knowledge proofs, adds a hardware requirement where secret transaction inputs are processed inside an attested AWS Nitro enclave, an isolated computing environment.　　Solana can check that a transfer satisfies the protocol‘s rules, but protecting the inputs while that proof is made depends on the prover’s isolation, code, and deployment policies.　　The practical question for wallet developers integrating the launch is which of those protections their software can verify.　　What reaches the Solana prover　　Helius‘s wallet integration guide says proof generation needs plaintext inputs covering the complete transaction data and nullifier keys. It identifies an attested AWS Nitro enclave as the SDKs’ default prover.　　The protocol specification lists private inputs including the asset, amount, blinding values, and nullifier secret for notes being spent, along with paths proving those notes belong to the state tree. The proof also includes output assets, amounts, and blinding values.　　Those inputs become readable to the proving code

Yesterday 04:10Industry

...

1000