Wall Street's Panic Gauge Just Broke a 13-Year Record. Goldman Says History Favors a Rebound

Goldman Sachs Vol Panic Index posted its biggest two-day swing on record last week, beating an April 2013 high. The gauge collapsed during the midterm relief rally, then jumped to 9.57 out of 10 a day later.  That reading pushed US stocks into Goldman‘s panic zone, a level crossed only 15 times before. Historically, such extremes preceded S&P 500 gains, but the bank’s traders warn that forced selling may not be over.  Sponsored  Sponsored  Why the Goldman Sachs Panic Index Flipped in 48 Hours  Goldmans trading desk runs the gauge, which scores stress in US equities from zero to 10. It draws on options-market signals such as implied volatility and the cost of downside protection.  Barchart data puts the combined two-day move at roughly 8.5 points. The previous record, 7.87 points, dated back to April 16, 2013.  The swing began on Wednesday, November 4. Stocks rallied after Democrats won both chambers of Congress, and the Dows post-election jump reached 3%.  Clients used that rally to sell their hedges. As a result, the Panic Index logged its fourth-largest daily drop on record.  That protection disappeared just before investors needed it. On Thursday, an AI chip stock selloff dragged the S&P 500 down 4.36%, its worst session since April 2025.  Sponsored  Sponsored  The index

کل 09:17انڈسٹری

BitGo Q3 profit nearly doubles on crypto gains as revenue falls 51%

US-listed digital asset infrastructure company BitGo Holdings reported $44.1 million in third-quarter net income, nearly double a year earlier, as a rise in the value of its crypto holdings offset a $19.2 million operating loss.  The crypto custodian recorded a $71.5 million unrealized gain on digital assets in the quarter ended Sept. 30, according to its quarterly filing. A year earlier, it reported operating income of $3.9 million.  Revenue fell 51% from a year earlier to $2.85 billion as digital asset sales slowed, BitGo said Monday. The company generally records the full proceeds of those sales as revenue and accounts for the costs separately. Revenue after direct costs fell 32% to $37.3 million.  BitGo missed Wall Street estimates for both revenue and earnings in the third quarter, with revenue coming in 32% below the $4.2 billion consensus shared by US financial research firm Zacks Investment Research.  Its shares rose 4.9% on Monday to close at $5.10, reversing some of the 60% decline seen since early in the year, according to Yahoo Finance.  The company reported holding $143 million of cash and cash equivalents and 2,399 Bitcoin (BTC) in corporate treasury holdings, with a fair value of $200 million as of Sept. 30.BitGo stock price, year-to-date

کل 08:08انڈسٹری

Coinbase, Kalshi join lawsuit backing CFTC over US stock perp futures

Coinbase, Kalshi and four other companies asked a federal court Monday to accept a brief backing the United States Commodity Futures Trading Commission (CFTC) in a lawsuit over perpetual futures tied to individual US stocks.  According to a proposed amicus brief shared Monday by Coinbase legal representative Molly Abraham, the group also includes Kraken parent Payward, trading companies DRW Holdings and Jump Trading, and crypto investment company Paradigm Operations. The companies argue that stock perpetual futures fall under existing US futures laws.  The filing comes days after a federal judge found that the CFTC likely “exceeded its statutory authority” in allowing single-stock perpetuals to trade as security futures.  The case could determine whether US exchanges can offer retail traders contracts that track individual stocks without expiring.  Why stock perps face scrutiny  On Nov. 3, the CFTC announced that single-stock perpetual futures, or stock perps, could begin trading on US-regulated exchanges for the first time.  The Capital Markets Alliance Association (CMAA), a newly formed trade and advocacy group representing traditional financial market participants and whose members include Cboe and Citadel Securities, sued the CFTC last week, challenging the CFTCs authority to allow the contracts to trade.  Stock perps allow traders to speculate on the price movements of individual

کل 08:08انڈسٹری

CFTC warns Kalshi of imminent charges over notification of contracts: Politico

Prediction markets operator Kalshi is being warned of imminent charges from the US Commodity Futures Trading Commission over whether the operator properly notified the agency about new products, Politico reported Tuesday.  The Commodity Futures Trading Commission is investigating notifications involving dozens of products, the report said, citing a person with direct knowledge of the probe. The agencys private notification to Kalshi suggests that charges could follow.  The investigation has been underway for months, the person said.  Speaking to Politico, Kalshi spokesperson Elisabeth Diana described the matter as a procedural error involving submissions for a handful of contracts, many of which never went live.  “We are already addressing the issue,” she added.  The potential enforcement action comes as the CFTC fights to establish its exclusive authority over prediction markets, including by challenging state efforts to regulate Kalshi.  Separately, Kalshi is backing the regulator in a separate legal battle over its authority. On Monday, the company joined Coinbase and four other firms in seeking permission to file a brief supporting the CFTCs treatment of perpetual futures tied to individual US stocks.

کل 08:08انڈسٹری

Ripple Ex-CTO Tells Angry XRP Holders Theres No Secret Plan

Ripple CTO Emeritus David Schwartz says the XRP price mostly follows the wider crypto market. His comments came as frustrated holders on X demanded answers from Ripples leadership.   Schwartz also rejected the idea that Ripple is hiding a secret plan for the token.  A user had called on Ripple CEO Brad Garlinghouse or Schwartz to address the anger in the XRP community and explain “the real plan.” In reply, Schwartz said Ripple talks about its plans constantly. “There‘s no secret plan we aren’t telling you about,” he wrote.  Sponsored  Sponsored  What Moves the XRP Price, According to Schwartz  Another user then asked why XRP does not rise if Ripple rolls out its ledger worldwide alongside its RLUSD stablecoin.  In response, Schwartz said the XRP price is “largely dragged around by the market.” Developments specific to the XRP Ledger only play a secondary role, in his view.  The Ripple veteran also pointed to a 2023 post. There, he called this view his personal sense rather than something he could prove.  Sponsored  Sponsored  Pressed on whether XRP needs a higher price to provide liquidity across the ledger, Schwartz agreed. “The higher the price, the better,” he wrote. According to Schwartz, a higher price would make liquidity more cost-effective and reduce slippage.  The frustration

کل 08:06انڈسٹری

Ethereum Price Fell 20%, But Stakers Are Refusing to Sell

Ethereum briefly fell toward $2,000 on Tuesday after hotter-than-expected US inflation data rattled financial markets. ETH later recovered to around $2,060, but remains under pressure.  Behind the sell-off, however, Ethereums staking data reveals an unusual trend. Investors are showing little appetite for withdrawing their staked ETH, raising questions about whether the market is approaching a longer-term turning point.  Sponsored  Sponsored  Ethereum Price Chart. Source: BeInCrypto MarketsEthereums Staking Exit Queue Collapses  On October 11, approximately 457,840 ETH was waiting to leave staking. By November 9, that figure had collapsed nearly 99% to just 5,061 ETH.  The queue has since rebounded to roughly 66,000 ETH, according to ValidatorQueue, but remains about 86% below Octobers level.  This matters because withdrawing staked ETH is one way investors prepare to sell. A smaller queue suggests limited immediate withdrawal pressure, although it cannot establish whether investors are selling elsewhere.  Chart: Ethereum Staking Exit Queue. Source: November 9 snapshot.  Meanwhile, approximately 44.5 million ETH, representing 36.4% of circulating supply, remains staked.  CryptoQuant analyst PelinayPA argues that growing staking participation could support prices over the medium to long term by reducing immediately available supply.  Sponsored  Sponsored  However, the entry queue has fallen from over 4 million ETH in February to around 910,000 ETH. That suggests the backlog of new staking commitments

کل 07:54انڈسٹری

Why Would China Send a Spy to Nvidia CEO Jensen Huang?

Nvidia CEO Jensen Huangs extramarital affair has become an international espionage scandal. The possible motive leads back to a years-long technology war between Washington and Beijing.  The fallout has been expensive. Nvidia lost approximately $430 billion in stock market value across November 9 and 10.  On November 8, Huang admitted he had been unfaithful to his wife. His confession followed reports that US intelligence believed his alleged romantic partner, Chinese businesswoman Alice Huang, had been recruited by Beijings Ministry of State Security.  China has rejected the accusations. Nvidia says it has no reason to believe company secrets were compromised, while an independent investigation is underway.  But the allegations raise a much bigger question: Why would China want a spy so close to Nvidias CEO? What could Beijing possibly gain?  Its largely because of a powerful computer chip that China urgently needs but struggles to produce domestically.  Why China Targeted Nvidia CEO, Jensen Huang  Sponsored  Sponsored  The US-China AI War Explained  The story begins in 2018, when President Donald Trump launched a trade confrontation with Beijing, introducing tariffs on Chinese imports.  His administration soon targeted Chinas technology industry directly. In 2019, Washington placed Huawei on a trade blacklist, restricting its access to American technology. Further semiconductor restrictions followed in 2020.  When Joe Biden

کل 07:11انڈسٹری

Across Protocol warns users to avoid app amid reports of drained wallets

Crosschain bridging protocol Across, which allows users to transfer digital assets between Ethereum and other blockchain networks, warned users Tuesday not to access its app or connect their wallets while it investigates a potential security incident.  In a Tuesday X post, Across advised users against signing transactions or approvals until further notice, without specifying the nature of the incident or whether its website had been compromised.Source: Across Protocol  On X, one user claimed to have lost $9,000 in USDC, while another reported losing 7,053 USDT0 across seven transactions on the Plasma blockchain.  A third user said their wallet was drained after using the bridge several times, alleging that the website had been compromised. Across asked the users for transaction details to investigate their reports.  Cointelegraph has not independently verified the reports. Across Protocol did not immediately respond to Cointelegraphs request for more details.  Across Protocol responds to user reporting $9,000 USDC loss. Source: X user bilm01NEAR AI discloses separate security breach  In a separate security incident, NEAR AI disclosed Monday that attackers exploited a vulnerability in its AI infrastructure, exposing account details belonging to approximately 100 users and data from 18 AI agents.  According to a Nov. 9 incident report, attackers exploited a remote code execution vulnerability

کل 07:08انڈسٹری

CFTC Reportedly Warns Kalshi of Charges Over Prediction Market Launches

The Commodity Futures Trading Commission (CFTC) has privately warned prediction market Kalshi that charges could come soon. The probe examines whether Kalshi, valued at $40 billion, failed to properly notify the agency about dozens of new products.  Kalshi calls it a procedural error. However, much of the growth behind its valuation, and Polymarkets $21 billion, traces to a CFTC that backed expansion.  Sponsored  Sponsored  Why Is the Kalshi CFTC Probe Focused on Self-Certification?  A person with direct knowledge of the case told POLITICO the inquiry has run for months. The person requested anonymity.  Only a handful of contracts are involved, and many were not live, Kalshi spokesperson Elisabeth Diana said.  “We are already addressing the issue.”  Elisabeth Diana, Kalshi spokesperson, via POLITICO  A CFTC spokesperson did not immediately respond to POLITICOs request for comment.  Self-certification lets exchanges list products as soon as the next day without express CFTC approval. Operators attest that contracts meet CFTC requirements, including low risk of manipulation.  Sponsored  Sponsored  Listings range from oil-price derivatives to a wager on whether Defense Secretary Pete Hegseth faces impeachment.  Earlier this year, CME Group CEO Terry Duffy warned that some wagers risked manipulation and should not have gone live.  In July, the CFTCs market oversight division issued an advisory against filing one sweeping certification for

کل 06:26انڈسٹری

Wirex Strengthens UK Board with Appointment of Julian Sawyer as Independent Non-Executive Director

London, 6th November 2026 – Wirex Limited, the UK-headquartered payments provider, has appointed Julian Sawyer, co-founder and former Chief Operating Officer of Starling Bank, to the Board as an Independent Non-Executive Director.  Sawyer brings experience across digital banking, payments and digital assets. As an Independent Non-Executive Director, he will provide independent oversight and challenge to the Board, including on strategy, risk and controls, and customer oversight.  Sawyer co-founded Starling Bank in 2015 and served as its Chief Operating Officer until 2019, leading the banks operations, including its card launch and Starling Payment Services, its platform giving other firms access to UK payment schemes. He went on to become Managing Director, Europe at Gemini, and then Chief Executive Officer of Bitstamp and Zodia Custody, and is an Independent Non-Executive Director of Recognise Bank.  Chetan Shah, CEO of Wirex Limited, said: “I‘m delighted to welcome Julian to the Board of Wirex Limited. He has built and run some of the UK’s most successful, regulated financial businesses from the ground up, and his independent perspective will help Wirex to continue growing safely and sustainably. The UK has been our home for over a decade, and at such an important time for the UK payment sector, I

کل 05:12انڈسٹری
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