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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 publishers846 storiesWhere AI is used
OKX freezes deposits from MEXC after FinCEN cuts exchange off from US system
OKX has restricted direct transfers from MEXC and frozen some user funds after FinCEN accused MEXC of processing more than $16bn for sanctioned actors in Iran, Russia and North Korea.
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On the Wire
Stories from our sources, newest first, each credited to the publisher and linked to the original.
UK court says Chinese law governs 61,000 Bitcoin fraud claims
London's High Court has ruled that Chinese law, not English law, decides whether victims of a 2014-2017 fraud have property rights in 61,000 seized Bitcoin now worth over $5bn.
Dormant Bitcoin whale moves $378m after sitting through 2020 crash
A wallet that received 4,582 BTC in March 2020, days before the Covid sell-off, sent the coins to five addresses on Monday. None of the recipients has moved them yet.
Chip-stock rout wipes out $803m in crypto liquidations
About $803m in leveraged positions were liquidated across 10 exchanges in 24 hours, 86% of them bullish, as Bitcoin briefly fell below $81,000 and Asian chip stocks slid.
Blur to shut NFT marketplace on 12 Nov as volume falls 99%
Blur will close its website on 12 November and stop arranging new Blend loans, after monthly Ethereum NFT trading fell from about $1.43bn in March 2023 to under $7m in March 2026.
FASB stablecoin accounting plan could boost corporate adoption, Tempo says
A Tempo report says proposed US accounting rules could let companies count qualifying stablecoins as cash equivalents, provided they hold direct redemption rights with the issuer.
SWI takes majority stake in Genesis Digital and raises $896m for AI data centres
SWI Group has taken control of Genesis Digital Assets and raised about $896m to convert the former Bitcoin miner's data centres to AI and cloud computing.