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NewsDesk
The wire: crypto and markets news from other outlets, newest first.
AI summaryStories from the outlets we follow, summarised by AI and linked to the original. A story whose AI summary is not ready is held for an editor; older items may still show the outlet’s own summary, quoted and labelled. Bullish, Bearish and Neutral are an AI reading of a story’s tone, not investment advice.6 publishers842 storiesWhere AI is used
WhiteBIT founder says regulatory quality now decides where crypto business goes
Volodymyr Nosov, founder of WhiteBIT Group, weighs the EU's MiCA passport, US legal uncertainty and Asia's competing hubs, arguing the race is now about regulatory quality rather than the lightest…
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On the Wire
Stories from our sources, newest first, each credited to the publisher and linked to the original.
US 401(k) crypto rule leaves room for altcoins, but experts see hurdles
A proposed Labor Department rule letting US 401(k) plans offer crypto has reached the White House for review. Experts say Bitcoin and Ether will likely come first, with smaller tokens facing tougher…
Elliptic says Binance hackers move stolen XRP as $3.1bn stays unlaundered
Blockchain analytics firm Elliptic reports that hackers behind the $6.43bn Binance theft have swapped about 42 million stolen XRP into Bitcoin, while most of the stolen BTC and ETH remains untouched.
FinCEN says MEXC handled $16bn in illicit crypto flows as US access cut
The US Treasury's FinCEN has ordered MEXC Global cut off from the American financial system, accusing the exchange of moving at least $16bn linked to sanctions evasion and cybercrime.
US Treasury and Fed drop plan to lower crypto transfer reporting threshold to $250
FinCEN and the Federal Reserve have withdrawn a 2020 proposal that would have cut the international transfer reporting threshold from $3,000 to $250, keeping the higher figure in place.
Strive buys 15,124 Bitcoin in October and nears top treasury ranks
The Bitcoin treasury company bought 15,124 BTC in October, taking its holdings to 43,124 BTC, and reported $509m in third-quarter net income, according to its earnings report.
Bitcoin falls below $75,000 as US jobs data beats forecasts
Bitcoin dropped to $74,762, its lowest since 21 August, after strong October payrolls data raised the odds of a December Fed rate hike even as tech stocks rebounded.