Crypto Races: Markets Favor Democrats Despite Heavy Spending
Summary: Prediction markets favor a Democratic sweep in US midterms, defying heavy crypto PAC spending in Ohio and signaling potential regulatory shifts.
CoinQi ·
Latest News
Brazil's Mercado Bitcoin Pledges to Cover Hack Losses
Summary: Mercado Bitcoin promises to absorb losses from a Nov 2 breach, with estimates ranging from $38M to $49M, while suspending withdrawals indefinitely.
CoinQi ·
Analyst: Dem Sweep Would Stall Crypto Bill for Two Years
Summary: TD Cowen says a Democratic Congress would block the CLARITY Act for two years, hinder Trump's regulator picks, and increase scrutiny on crypto ties.
CoinQi ·
Supermarket Freezer Hacks Spread Across Nine EU Nations
Summary: Cyberattacks on Danfoss and Copeland controllers caused defrost failures in 700 French stores and disrupted refrigeration in nine other European countries, prompting investigations.
CoinQi ·
Tom Lee Sees Binance Hack as Bullish Signal for Ethereum
Summary: BitMine founder Tom Lee calls the market's calm response to the $6.3B Binance hack constructive, citing strong containment measures and minimal DeFi fallout.
CoinQi ·
Aztec Launches Tierra Upgrade Fixing Critical Bug
Summary: Aztec's Tierra upgrade fixes a critical V5 bug, cuts Ethereum message latency to 12 seconds, and doubles transaction proof speeds.
CoinQi ·
NJ Drops Coinbase Staking Ban Without Merits Ruling
Summary: New Jersey rescinds its 2023 Coinbase staking order and $5M penalty without a merits ruling, ending a three-year standoff while four other states maintain restrictions.
CoinQi ·
CFTC Clears Equity Perpetual Futures for U.S. Exchanges
Summary: CFTC approves stock perpetual futures for dual-registered U.S. exchanges, extending crypto-style derivatives into equities amid legal challenges from CME Group.
CoinQi ·
Crypto Spends $176M in US Midterms to Shape Regulation
Summary: Crypto groups spent $176M in US midterms, targeting key Senate races to influence the stalled CLARITY Act and regulatory oversight amid potential shifts in congressional control.
CoinQi ·
Bitcoin Slips Near $77.5K Amid Midterm Vote and Hack
Summary: Bitcoin trades near $77,500 as U.S. midterms begin, pressured by a $6.3B Binance hack, ETF outflows, and Fed rate concerns.
CoinQi ·
Binance Pauses LUNC Burn After Record Hack
Summary: Binance skipped its November Luna Classic burn, breaking a streak since 2023 amid recovery from a $6.3 billion hack attributed to North Korea.
CoinQi ·
Liquid Network Restores Full Bitcoin Reserves After Hack
Summary: Two months after a $320M exploit, the Liquid Federation confirmed 1:1 BTC backing for LBTC. Blockstream CEO Adam Back warned developers to scrutinize AI-suggested fixes.
CoinQi ·
UK Regulators Propose Credit Union Reforms for Growth
Summary: PRA and FCA launch discussion paper to modernize credit union regulations, aiming to support innovation and better outcomes for over two million UK members.
CoinQi ·
Bitcoin Traders Face Losses as $77.7K Support Flips to Resistance
Summary: Bitcoin trades below the $77,700 cost basis of recent buyers, risking resistance as short-term holder metrics approach breakeven levels.
CoinQi ·
North Korea Denies Binance Hack, Calls FBI Accusations Provocation
Summary: Pyongyang rejects FBI attribution of the $6B Binance theft, citing U.S. crypto reserve plans, while Binance reports stabilizing deposit flows.
CoinQi ·