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Short crypto and markets updates from outlets’ public feeds, rewritten by AI in our own words, credited and linked. Newest first.
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Fri 6 Nov
Rule allowing crypto in 401(k) plans sent to White House for final review
A rule that would allow cryptocurrency in 401(k) retirement plans has been sent to the White House for final review, Bloomberg reported.
AAOI falls 15.3% in 24 hours to $46.66
AAOI dropped 15.3% over 24 hours and 5.4% in the past hour, trading at $46.66, according to MSX.COM data.
Solana says it has swapped mainnet consensus for Alpenglow
Solana said it replaced its mainnet consensus protocol with the new Alpenglow protocol on 21 Oct. Alpenglow targets transaction finality of about 150 milliseconds.
Gold falls 1.35% as dollar rises against yen and offshore yuan
Gold fell 1.35% to $4,032.6 an ounce while silver rose 0.4% to $51.458, Gate data show. The dollar gained 0.52% to 158.465 yen and 0.12% to 6.67278 offshore yuan, as European shares fell.
SanDisk shares rise 10.58% intraday to $892.86
SanDisk (SNDK) stock rose 10.58% intraday and was trading at $892.86, according to Binance market data.
US Treasury and Fed withdraw plan to cut crypto travel rule threshold to $250
The US Treasury and the Federal Reserve have withdrawn a proposal to lower the cross-border crypto travel rule threshold to $250 from $3,000, leaving the existing $3,000 threshold in place.
Hassett says an AI bubble is a genuine concern
White House National Economic Council director Kevin Hassett said an artificial-intelligence bubble is indeed a cause for concern.
Hassett says data centres still have ample room to grow
Kevin Hassett, director of the US National Economic Council, said data centres still have ample room to grow, and that Donald Trump respects places that do not want data centres built.
Solana co-founder Anatoly Yakovenko says Democrats may turn on crypto
Solana co-founder Anatoly Yakovenko predicted that the Democratic Party may shift its focus to the crypto industry, arguing that nobody really wants to stop data centre construction.
TSMC weighs making 3D DRAM at Nvidia's request, shares rise 7.5% premarket
TSMC is considering producing advanced memory chips, including 3D DRAM, at Nvidia's request, and its shares rose 7.5% in premarket trading.
Foundation says breach exposed 21,463 customer emails in phishing campaign
Bitcoin hardware wallet maker Foundation says hackers breached its self-hosted booking and vault systems, exposing 21,463 customers' contact and partial payment data. The attackers sent over 23,000 phishing emails from Foundation's address and later used the data in phone scams seeking Bitcoin seed phrases.
Previous related news
- Foundation Devices says attackers sent over 23,000 phishing emails using old customer records
- Foundation says official domain was abused to send spam emails
- Foundation phishing emails may reach people beyond customers, Bitcoin News says
Jason Calacanis says a further 10% fall in tech valuations would be his buying moment
Investor Jason Calacanis said on X that a further 10% drop in tech valuations would be an ideal buying opportunity, and that all his spare capital is going into Tesla, SpaceX, Uber, Amazon, Shopify, Microsoft, Google and Apple shares. He also predicted inflation would ease and markets would eventually hit record highs.
DKNG falls 26.3% in 24 hours to $17.02
DKNG dropped 26.3% over 24 hours and 5.5% in the past hour, trading at $17.02, according to MSX.COM data.
Yi He says Binance's latest proof of reserves is verifiable via ZKProof and backed at least 1:1
Binance's Yi He says the exchange's latest proof of reserves can be verified via ZKProof and is backed at a minimum of 1:1.
Whale resumes buying after more than a year, adding 3,009 BTC worth $228m
A whale resumed buying BTC after more than a year, purchasing 3,009 BTC today worth $228m, according to Lookonchain.
Address adds $5.04m Brent oil short as total profit reaches $20.9m
An address at 0xbf73…5d58 has increased a BRENTOIL short by about $5.04m, holding roughly 51,315.88 contracts, with cumulative gains on the account of about $20.9m.
Ukraine's central bank opposes current crypto bill, citing stability risks
The National Bank of Ukraine said it cannot support the draft virtual-asset bill, warning it could threaten monetary sovereignty, financial stability and competition. Deputy governor Oleksiy Shaban raised concerns after the final text arrived on the evening of 4 Nov, and the NBU called for transparent licensing rules and further revision by lawmakers.
US October unemployment rate falls to 4.1%, below forecasts
The US unemployment rate was 4.1% in October, below the expected 4.20% and down from a prior 4.20%.
South Korea holds emergency market meeting after AI selloff
After Democratic wins in the US midterms, an AI-led selloff hit chip stocks globally; South Korea's deputy prime minister and finance minister called an emergency market meeting, exempting broker margin guarantees for three months, and the exchange triggered a sidecar halt on programme selling.
US October nonfarm payrolls rise 165,000, beating forecasts
US nonfarm payrolls rose by 165,000 in October, well above forecasts of 65,000, while the unemployment rate fell to 4.1% from an expected 4.2%, the Bureau of Labor Statistics said. The payrolls report is among the data the Federal Reserve weighs in interest-rate decisions.
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