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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 publishers843 storiesWhere AI is used
Binance finance chief Kaiser Ng to leave after five years, Yi He says
Binance's chief financial officer, Kaiser Ng, is leaving the exchange after more than five years, co-CEO Yi He said. Justin Yek, formerly of Airwallex, will replace him.
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On the Wire
Stories from our sources, newest first, each credited to the publisher and linked to the original.
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.
Bitcoin hits 11-week low as crypto liquidations pass $1bn, Decrypt reports
Bitcoin fell to $74,780.91, its weakest intraday price since 21 August, as $1.05bn in crypto positions were liquidated over 24 hours, most of them longs.
Musk says Tesla will end Cybertruck output around mid-2027 for Cybercab
Tesla's chief executive said the Texas factory will stop building the stainless-steel pickup around the middle of next year to free capacity for robotaxi production.
World Liberty Financial says it will buy back WLFI using USD1 reserve fees
The Trump-backed DeFi project says fees earned on its USD1 stablecoin reserves will help fund WLFI buybacks, three days after House Democrats named the firm a likely early target of investigations.
Hinojosa and Sanders push data centre pauses that threaten Bitcoin miners' AI pivot
Democrats elected in Texas and Ohio are seeking moratoriums on new data centres, hitting miners that are converting power contracts into AI hosting deals.
Zcash's NU7 upgrade activates fee-recycling mechanism for future block rewards
The upgrade went live at block 3,543,405, removing 60% of transaction fees from circulation to be reissued from 2031, and cutting block times to 25 seconds.