SoftBank Sells NVIDIA Shares for $5.8B
SoftBank has sold its entire stake in NVIDIA for $5.8 billion, redirecting funds toward a $40 billion investment in OpenAI, boosting Vision Fund profits by $23 billion. #Update #Crypto $OP
Crypto News
General category for all types of news related to the cryptocurrency world.
HBAR Declines 2.1% as Volume Spikes
$HBAR declined 2.1% to $0.1837 as it faced rejection at resistance near $0.1940, with a volume spike of 142.7M tokens indicating institutional selling pressure. #Update #Crypto $HBAR
Digital Asset Approval: ClearToken Triumphs in UK
@ClearToken has received FCA approval for CT Settle, a DvP settlement system for digital assets, aiming to reduce capital inefficiency and counterparty risk. #Update #Crypto
SoftBank Sells $5.8B Nvidia Stake
SoftBank sold its entire Nvidia stake for $5.83 billion to fund a $40 billion investment in OpenAI, despite the latter’s mounting losses and CEO scrutiny. #Update #Business
JPMorgan Launches Cross-Border Tokenised Deposit Framework
@JPMorgan and @DBSBank are collaborating to create a framework for institutional clients to transfer tokenised deposits across blockchains, enhancing cross-bank settlements. #Update #Crypto $USDC
Crypto ETFs Gain Approval to Stake Assets
The U.S. Treasury and IRS have issued guidance allowing crypto ETFs to stake digital assets and share rewards with retail investors, enhancing investor benefits and regulatory compliance. #Update #Crypto $BTC $ETH
Government Shutdown Ends as Health Care Fight Looms
Prediction markets indicate a 96% chance the U.S. government will reopen between November 12-15, following a Senate vote to fund operations through January 30. #Update #Crypto $USDT
Privacy Coins Challenge Surveillance Money Control
Privacy-focused cryptocurrencies like $XMR and $ZEC are gaining attention as alternatives to increasingly surveilled financial systems, advocating for the right to private transactions. #Update #Crypto $XMR
Mining Expansion Phoenix Group Launches 30MW Facility
Microsoft Research and Arizona State University launched the Magentic Marketplace, revealing AI agents struggle with deception and overload in simulated economies. #Update #AI
Stablecoins Dominate Hong Kong FinTech Week
Hong Kong’s FinTech Week highlighted a shift from CBDCs to stablecoins, with Brazil’s Drex project losing momentum; Bitcoin $BTC at $105,930 and Ethereum $ETH at $3,578. #Update #Crypto $BTC
US Senate Approves Bill Ending Shutdown
The US Senate passed the 2026 Continuing Appropriations and Extensions Act 60–40, moving it to the House for approval to end the government shutdown. #Update #Legal
Crypto ETPs Approved for Tax-Free Yield
The U.S. Internal Revenue Service’s new safe harbor allows crypto exchange-traded products to stake digital assets and share rewards without tax issues, enhancing investor benefits and innovation. #Update #Crypto $ETH
AI Power Costs: Lawmakers Target Tech Giants
US senators accuse tech giants like @Meta, @OpenAI, @Alphabet, and @Oracle of raising energy bills through AI data center expansion, urging the White House for consumer safeguards. #Update #Legal
Stablecoins Surge to $3.6T by 2030
Stablecoins and tokenized cash could reach $3.6 trillion by 2030, with stablecoins alone at $1.5 trillion, according to @BNY. Regulation is key for growth. #Update #Crypto $USDT