Bitcoin mining faces challenges with rising competition, energy costs, and shrinking profits, warns @FredThiel of MARA Holdings. Miners must secure low-cost energy or pivot to survive before the 2028 halving. #Update #Crypto $BTC
Character.AI faces user backlash as viral deletion prompt leads to mass account deletions amid addiction concerns and mounting lawsuits. #Update #Tech
Cardano ($ADA) sees a 28.7% rise in DeFi TVL, reaching 3-year highs, as whales accumulate 348M tokens worth $204M amid market volatility. #Update #Crypto $ADA
Coinbase launches a regulated savings account in the UK, offering 3.75% AER daily on deposits up to £85K, boosting crypto adoption. #Update #Finance
BNY Mellon predicts the stablecoin and tokenized cash market will grow to $3.6 trillion by 2030, driven by institutional adoption of blockchain solutions. #Update #Crypto #Stablecoin
@FIS and @Intain have launched the Digital Liquidity Gateway on Avalanche for U.S. regional banks, enabling loan tokenization as NFTs and potentially facilitating hundreds of millions in transactions by year-end. #Update #Crypto $USDC
Michael Selig, SEC’s crypto task force chief counsel, will be questioned by the Senate Agriculture Committee on Nov. 19 for his CFTC chair nomination amid potential regulatory changes for digital assets. #Update #Legal
@Strategy acquired 487 $BTC for $49.9 million, increasing its total holdings to 641,692 $BTC amid a crypto market rebound. MSTR stock rose over 3% in premarket trading. #Update #Crypto $BTC
@Lighter has raised $68M at a $1.5B valuation, backed by Founders Fund and others, to enhance its zero-fee zk-rollup perpetual-futures exchange on Ethereum amid rising competition. #Update #Crypto $ETH
Coinbase ends $2B acquisition talks with stablecoin startup BVNK; both parties mutually agreed not to proceed. BVNK previously raised $50M last December. Crypto
Uniswap founder Hayden Adams proposes governance changes to activate protocol fees, boosting $UNI price by 50% amid market optimism. #Update #Crypto $UNI
Bitcoin fell to $103K after reaching $107K amid a U.S. government breakthrough; Softbank sold its $5.83B Nvidia stake, impacting markets. #Update #Crypto $BTC
Coinbase has canceled its $2 billion acquisition of BVNK, a stablecoin infrastructure startup, amid competition from Mastercard. Stablecoins are gaining traction due to recent legislation. #Update #Crypto #Stablecoin
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
