Crypto_Action

Crypto news, every day. Bitcoin, Ethereum, markets, DeFi, hacks, and regulation — sourced, timestamped, no hopium. Follow for breaking coverage and the context behind the move. Thread: what we cover and how we report

$247M USDT and $151M BTC move on Bitfinex and Kraken ⚡ 1,986 BTC ($150.7M) left Kraken for an unknown wallet 🔹 Bitfinex took 247M USDT ($246.7M) and 1,500 BTC ($113.5M), then sent 1,004 BTC ($76.2M) out Risk: Mildly bullish, net BTC leaving exchanges outweighs the Bitfinex deposit #Bitcoin #WhaleAlert

🚨 White House reviews DOL final rule easing crypto in 401(k)s ⚖️ ━━━━━━━━━━━━ 🏦 Labor’s final rule hit OIRA on Nov 5 🔹 Title ➜ Fiduciary Duties In Selecting Designated Investment Alternatives ⚡ RIN 1210-AC38 — final-rule stage 🎯 Marked economically significant — no legal deadline ━━━━━━━━━━━━ 💎 What it covers ▪️ Alternative assets ➜ private equity, real estate, and cryptocurrency ▪️ Process safe harbor ➜ fiduciaries who clear six diligence factors 🔹 Factors ➜ performance, fees, liquidity, valuation, benchmarks, complexity 🔴 Not a mandate ➜ plans still choose whether crypto sits on the menu ━━━━━━━━━━━━ ⚖️ Path here ▪️ Follows Trump EO on alternative assets in 401(k)s ▪️ NPRM published March 31 (FR 2026-06178) ▪️ Comment window closed June 1 — now at last White House gate ━━━━━━━━━━━━ 🎯 Why it matters ▪️ First final-rule OIRA pass for crypto-eligible 401(k) menus ▪️ Lowers ERISA litigation risk that kept most plans away from digital assets ▪️ Still pending public release after OIRA clears the text ━━━━━━━━━━━━ 👇 Track the rule, not the noise 🔗 news.bloomberglaw.com/employ… 🔗 reginfo.gov/public/do/eoDeta… #Bitcoin #Crypto

🚨 Bitcoin mining revenue at TeraWulf plunges 69% as HPC takes over 🏦 ━━━━━━━━━━━━━━━━ 🔴 Digital asset / mining revenue Q3 ➜ $13.2M (was $43.4M YoY) 🟢 HPC lease revenue ➜ $63.0M (was $7.2M YoY, ~+774%) 🟢 HPC share of total ➜ ~83% (was ~14% YoY) 🟢 Total revenue ➜ $76.2M (+51% YoY) ━━━━━━━━━━━━━━━━ 🔹 Net income ➜ ~$709.9M — includes $728.4M non-cash warrant/derivative gain 🔴 Operating loss ➜ $88.2M (was $24.7M YoY) 🔴 Adj. EBITDA ➜ −$12.8M 🏦 Cash + restricted cash EoQ ➜ ~$2.4B 🟢 WULF premarket ➜ +8.1% to $10.90 (The Block) ━━━━━━━━━━━━━━━━ ⚡ Lake Mariner ➜ 102 MW critical IT online; 336 MW under construction 🏦 Anthropic ➜ 20-year lease ~401 MW at Justified; ~$19B contracted revenue ▪️ Google ➜ credit backstop for project financing (Nov 4) ▪️ Fluor ➜ definitive EPC for three data center buildings; first phases late 2027 ▪️ Muskie ➜ contracted power 500 MW ➜ 1 GW (pending Kentucky PSC) ━━━━━━━━━━━━━━━━ 🎯 Why it matters ▪️ Another ex-miner ➜ majority revenue now from HPC leases, not bitcoin hashrate ▪️ Scale locked ➜ Anthropic + Google credit support moves Justified from paper to build ▪️ Mining still on books ➜ but only ~17% of Q3 revenue ━━━━━━━━━━━━━━━━ 👇 Follow the power shift in bitcoin mining 🔗 theblock.co/news/business/20… #Bitcoin #CryptoMarkets

🚨 Bitcoin slips after U.S. jobs blow past estimates 📉 ━━━━━━━━━━━━━━━━ 🟢 Nonfarm payrolls ➜ +165,000 in October 🔴 Estimate ➜ only 65,000 🟢 September revised ➜ +60,000 (was +29,000) 🟢 Unemployment ➜ 4.1% (est. 4.2%; Sept 4.2%) ━━━━━━━━━━━━━━━━ ⚡ Avg hourly earnings ➜ +0.4% MoM (est. 0.3%) ⚡ YoY wages ➜ +3.1% (est. 2.9%) 🔴 Bitcoin just after print ➜ ~$75,800, “down a hair” 🟢 Nasdaq 100 futures ➜ +1.5% 🔹 10-year Treasury ➜ +6.4 bps to 4.894% ━━━━━━━━━━━━━━━━ 🎯 Why it matters ▪️ Fed path ➜ Dec hike odds had fallen to ~70% from ~95% before the print ▪️ Strong jobs ➜ CoinDesk says traders likely revive December hike bets ▪️ Still ahead ➜ next week’s CPI and PPI remain more important for the Fed ━━━━━━━━━━━━━━━━ 👇 Track the data, not the noise 🔗 coindesk.com/markets/2026/11… #Bitcoin #CryptoMarkets

$370M BTC leaves Bybit and Binance this morning ⚡ Three 1,200 BTC outs (~$91M each) left Bybit for unknown wallets 🔹 Dormant whale pulled 1,286 BTC ($98M) off Binance at ~$76.2K Risk: Mildly bullish, heavy BTC leaving exchanges #Bitcoin #WhaleAlert

🚨 PBOC flags Solana Shanghai promo as illegal crypto marketing ⚖️ ━━━━━━━━━━━━ 🏦 China's central bank confirms it helped halt Solana Accelerate China 2026 🔹 Shutdown ➜ before doors opened in Shanghai ⚡ Ads ➜ Citigroup Tower exterior, Lujiazui ▪️ Placed ➜ through a domestic entity 🔴 Official line ➜ virtual-currency marketing, prohibited on the mainland ━━━━━━━━━━━━ 🎯 Why PBOC says the promo counts 🔹 SOL ➜ treated as a virtual currency ▪️ Chain also flagged for USDT issuance and trading rails ⚖️ Legal hook ➜ Feb 2026 eight-agency notice (银发〔2026〕42号) 🔴 Promoting Solana itself ➜ called a violation under that notice ━━━━━━━━━━━━ 🏦 What enforcement looks like ⚡ PBOC coordinated with local finance, police, and market regulators 🔹 Probe targets ➜ domestic entities and individuals tied to the ads/event ▪️ Next focus ➜ mainland dealers + China-side affiliates of overseas crypto platforms 🔴 No named targets or penalties announced yet ━━━━━━━━━━━━ 🎯 Why it matters 🔹 Feb notice ➜ now hits brand ads and offline events, not only trading desks 🔴 Overseas chains using mainland partners for marketing ➜ clearer probe risk 👇 Bookmark the source and watch for named entities: 🔗 crypto.news/china-central-ba… #Solana #CryptoRegulation

🚨 Gopax halts all crypto trading to shove user assets into cold wallets 🏦 ━━━━━━━━━━━━ ⚡ Trading stopped from 15:53 KST on Nov 6 🔴 Deposits + web/app withdrawals halted from 14:55 KST 🔹 Open orders ➜ all cancelled 🏦 Customer crypto ➜ moving to offline cold wallets ▪️ Withdrawals ➜ support email only, manual approval ▪️ No restart time published ━━━━━━━━━━━━ 🎯 Why the lockdown ▪️ Recent financial-sector breaches and cyberattacks ▪️ Gopax Oct notice: personal data of 7 customers + 2 staff accessed ▪️ No abnormal outflows found in that incident, per Gopax ▪️ Korean authorities pressed VASPs after the Binance hack to raise cold-wallet ratios 🏦 Gopax: preventive step under financial-authority guidance to protect user assets ━━━━━━━━━━━━ 💎 Why it matters ▪️ Gopax is a Binance-owned, KRW cash-to-crypto licensed Korean exchange ▪️ Full trading halt + 100% cold-wallet move shows post-hack custody pressure hitting live platforms ▪️ Users face slower, manual exits until services return ━━━━━━━━━━━━ 👇 Watch for the restart notice and any FSC follow-up on cold-storage rules 🔗 etoday.co.kr/news/view/26452… #Gopax #Crypto

🚨 IREN Bitcoin mining revenue plunges 58% as firm eyes full exit by year-end 📉 ━━━━━━━━━━━━ 🔴 Mining revenue ➜ $28M (Q ended Sept 30) ▪️ Down 58% QoQ from $67M ▪️ Down 88% YoY from $233M ⚡ Mined 402 BTC vs 2,039 BTC a year earlier 🔴 Avg hashrate ➜ 8.8 EH/s vs 45.3 EH/s YoY 🔹 Holds 0 BTC on balance sheet — liquidates mined coins daily ━━━━━━━━━━━━ 🏦 Transition plan (10-Q) ▪️ Aim to substantially complete shift off Bitcoin mining by Dec 31, 2026 ▪️ Only immaterial mining expected into 2027 💎 Capacity moving to AI Cloud ━━━━━━━━━━━━ 🟢 AI Cloud revenue ➜ ~$200M (+182% QoQ) 🟢 Total revenue ➜ $228M (+66% QoQ) 🔴 Net loss ➜ $263M (narrower than $684M prior quarter) 🔹 Adj. EBITDA ➜ $66M vs $19M 🏦 $20.6B total assets; customers include Nvidia, Microsoft + 13 others 🔴 Nasdaq shares closed -17% at $18.03 ━━━━━━━━━━━━ 🎯 Why it matters ▪️ Another major listed miner formally winding down Bitcoin hashrate for AI ▪️ Confirms the pivot in a 10-Q — not just a press line ━━━━━━━━━━━━ 👇 The Block ➜ theblock.co/news/business/20… #Bitcoin #Mining

🚨 White House reviews SEC plan to rewrite crypto broker-dealer rules ⚖️ ━━━━━━━━━━━━ 🏦 OMB received the proposal on Nov 3 🔹 Title ➜ Amendments to Broker-Dealer Financial Responsibility and Recordkeeping and Reporting Rules Regarding Crypto Assets ⚡ RIN 3235-AN48 — proposed-rule stage 🎯 Marked economically significant — no legal deadline ━━━━━━━━━━━━ 💎 What it targets ▪️ Capital & customer-asset safeguards ➜ Rules 15c3-1 and 15c3-3 ▪️ Recordkeeping & reporting ➜ Rules 17a-3 and 17a-4 🔹 Clarifies how existing broker-dealer duties apply to crypto assets ━━━━━━━━━━━━ ⚖️ Broader push ▪️ SEC moving via rulemaking while market-structure bills stall in Congress ▪️ CFTC also sent OMB a separate prediction-markets consumer-protection proposal 🔴 Full text not public yet — still pending White House review ━━━━━━━━━━━━ 🎯 Why it matters ▪️ First formal OMB gate for crypto-specific broker capital and custody rules ▪️ Sets the compliance bar for brokers handling digital assets in the US ━━━━━━━━━━━━ 👇 Bloomberg / primary listing ➜ news.bloombergtax.com/financ… reginfo.gov/public/do/eoDeta… #SEC #Crypto

$204M BTC leaves Kraken and Coinbase overnight ⚡ 1,694 BTC ($128M) out of Kraken; 1,000 BTC ($76M) out of Coinbase Institutional 🔹 903 BTC ($68.5M) into Coinbase Institutional; Bitfinex sent 206M USDT to Tether Treasury Risk: Mildly bullish, net BTC off exchanges #Bitcoin #USDT

$228M BTC hits Kraken and Coinbase in six hours ⚡ 2,000 BTC ($152M) unknown→Kraken; 1,000 BTC ($76M) into Coinbase 🔹 Kraken sent 1,099 BTC ($83.6M) out; 127.5M USDT ($127M) hit Bitfinex Risk: Mildly bearish, net BTC onto exchanges #Bitcoin #USDT

🚨 Paraguay president resigns after Ueno digital bank collapse 🏦 ━━━━━━━━━━━━ ⚡ Santiago Peña stepped down Thursday in a video on X 🔹 Cited protecting stability, social peace and democratic institutions 🔴 Ueno Bank ➜ central bank resolution after solvency fell below half the legal minimum 🏦 ~3M customers ➜ about 60% of Paraguay’s adult population 🔴 Deposits frozen ➜ pensions and public funds stuck with them ━━━━━━━━━━━━ ⚖️ Politics ▪️ Lower house ➜ voted to pursue an impeachment trial ▪️ Ties ➜ Peña was a shareholder in Ueno’s parent until last year (AP/BBC) ▪️ Next ➜ VP Pedro Alliana succeeds if Congress accepts the resignation ━━━━━━━━━━━━ 💎 Crypto market tell ▪️ Bybit Paraguay P2P ➜ USDt asked at 6,942 guaraníes ▪️ Central bank ref ➜ 6,144.02 guaraníes per USD (Nov 4) 🔴 Premium ➜ ~13% above the official dollar rate ━━━━━━━━━━━━ 🎯 Why it matters ▪️ Digital-bank failure just froze millions of everyday deposits ▪️ Stablecoin P2P is already pricing local dollar demand and bank stress ▪️ Custody and insolvency priority — not freeze tools — decide who gets paid ━━━━━━━━━━━━ 👇 Watch Congress on the resignation and any depositor-pay timeline 🔗 cointelegraph.com/news/parag… #Crypto #Stablecoin

🚨 Greece passes 10% crypto capital-gains tax ⚖️ ━━━━━━━━━━━━ 🏦 Parliament approved the bill Thursday — Greece’s first full crypto tax framework 🔴 Rate ➜ 10% on cryptocurrency capital gains 🟢 Exemption ➜ net gains up to €500 a year stay tax-free ⚡ Next ➜ finance ministry directives on transparency and audits due in coming weeks 🔹 EU context ➜ member states still tax crypto unevenly, typically 8%–30% on gains ━━━━━━━━━━━━ 🎯 Why it matters ▪️ DAC8 / CARF ➜ Greece already owed EU crypto reporting; a domestic CGT fills the tax gap ▪️ Offshore use ➜ ministry says most Greek investors trade on foreign platforms, so revenue is hard to size ▪️ EU patchwork ➜ no single crypto tax regime — each capital-gains rule still set nationally ━━━━━━━━━━━━ Watch the implementing rules — that’s where audit and reporting bite 👇 🔗 live.euronext.com/en/financi… #crypto #taxation

$600M new USDC minted as BTC leaves Coinbase Institutional ⚡ Coinbase Inst sent out 1,290 BTC ($98.6M) plus four ~650 BTC lots 🔹 500M USDC minted at USDC Treasury; 1,417 BTC ($109M) deposited Risk: Mildly bullish, net BTC outflow, fresh stables #Bitcoin #USDC

🚨 Anchorage Digital seeks CFTC swap-dealer registration for crypto options ⚖️ ━━━━━━━━━━━━ 🏦 Filed via Anchorage Digital Swap Dealer, LLC 🔹 Application with the NFA — review not finished ⚡ CEO Nathan McCauley: no timing estimate ━━━━━━━━━━━━ 💎 If approved ➜ European-style BTC & ETH options ▪️ Maturities ➜ up to 1 year ▪️ More products later ➜ subject to approvals 🎯 Institutions trade with a CFTC-registered counterparty + Anchorage custody ━━━━━━━━━━━━ 📈 Existing options growth: public cos holding BTC/ETH ▪️ Also ➜ asset managers & funds managing exposure 🔴 No volumes disclosed ━━━━━━━━━━━━ 🏦 Anchorage Digital Bank, N.A. = first federally chartered digital asset bank (2021) ⚖️ OCC-regulated bank; swap dealer faces CFTC capital, risk & margin rules ▪️ Same Dodd-Frank framework banks use for rates/credit/FX ━━━━━━━━━━━━ 🎯 Why it matters ▪️ Puts institutional crypto options under federal swap-dealer rules ▪️ Bridges custody + regulated derivatives for BTC/ETH treasuries ━━━━━━━━━━━━ 👇 Full exclusive ➜ theblock.co/news/business/20… #CFTC #Bitcoin

🚨 Kraken parent Payward buys AAVE tokens 🏦 ━━━━━━━━━━━━ 🟢 Payward + clients ➜ acquired AAVE on the secondary market 🏦 Buyer ➜ Digital Asset Special Investments I, LP (Payward-affiliated fund) and asset-management clients ⚡ Size ➜ undisclosed; Payward says it may buy more 🔹 Also exploring ➜ future collaboration with Aave ━━━━━━━━━━━━ 🎯 Context ▪️ June talks ➜ CoinDesk reported a proposed 250,000 AAVE + 15% equity in Aave Group at a $385M valuation ▪️ Today's announcement ➜ token purchases only; no equity disclosed ▪️ Aave scale (per statement) ➜ ~$33B net deposits, ~$11B active loans ━━━━━━━━━━━━ 💡 Why it matters ▪️ Major exchange parent ➜ taking a direct AAVE position via its asset-management arm ▪️ Signals DeFi credit ➜ moving deeper into exchange/infra balance sheets ▪️ Watch next ➜ whether collaboration becomes products, custody, or distribution — not just tokens ━━━━━━━━━━━━ 👇 Follow for sourced exchange + DeFi moves 🔗 coindesk.com/business/2026/1… #AAVE #DeFi

🚨 Ukraine crypto bill hits a wall: central bank refuses to back it ⚖️ ━━━━━━━━━━━━ 🏦 National Bank of Ukraine (NBU) ➜ won't support draft law No. 10225-d in its current form 🔴 Wants revisions ➜ before the final vote ⚡ Committee already approved it ➜ for a second reading 🔹 NBU's complaint ➜ final text arrived late Tuesday, process "not sufficiently transparent" ━━━━━━━━━━━━ 🎯 The NBU's red flags ▪️ Foreign tokens ➜ could enter Ukraine even if unsupervised at home ▪️ E-money risk ➜ a threat to monetary sovereignty and financial stability ▪️ NBU's ask ➜ power to assess and restrict foreign tokens ▪️ Exchange licences ➜ number left to the securities regulator for 5 years 🔴 Result, per NBU ➜ risk of monopolisation and corruption ━━━━━━━━━━━━ 💎 What the bill does ▪️ Main regulator ➜ NSSMC (securities commission) 🟢 Transitional tax ➜ 5% on existing crypto until end-2028 🟢 Crypto-to-crypto trades ➜ exempt from tax ▪️ Initial draft ➜ 18% income tax plus 5% military levy ━━━━━━━━━━━━ 🧵 Why it matters 🔹 NBU backs MiCA-style rules, just not this text 🔹 Ukraine's 2022 virtual assets law never took effect 🔹 Another delay keeps a large crypto market in legal limbo ━━━━━━━━━━━━ 👇 Should central banks get a veto over foreign tokens? 🔗 coindesk.com/business/2026/1… #Ukraine #MiCA

🚨 Stablecoin goes mainstream: Samsung Wallet now holds USDC 🏦 ━━━━━━━━━━━━ 🟢 Live today for eligible U.S. Galaxy users 📱 ~82 million devices ➜ compatible in the U.S. 💎 Buy, hold, send, receive ➜ Circle's USDC on Solana 🔹 No separate crypto app ➜ no private keys to manage ━━━━━━━━━━━━ 🏦 Who holds the coins ▪️ Custodian ➜ Bastion (licensed stablecoin custodian) ▪️ Sub-custodian ➜ Coinbase Prime Vault ▪️ Samsung's disclosure ➜ a crypto wallet, not a bank account ━━━━━━━━━━━━ ⚡ The fine print ▪️ Samsung transfer fee ➜ none (other providers may charge) ▪️ Bank payouts ➜ 60+ countries 🔴 Credit card top-ups ➜ 4% fee 🔴 New York residents ➜ excluded ▪️ Requirements ➜ Android 13+, 18 and older ━━━━━━━━━━━━ 🎯 Why it matters 🔹 Distribution was the missing piece for stablecoins 🔹 A top phone maker now ships USDC by default 🔹 Custody sits with regulated players, not Samsung 🔹 Next step flagged ➜ in-store and online stablecoin payments, more markets, subject to local rules ━━━━━━━━━━━━ 👇 Would you keep dollars in your phone wallet over a bank app? 🔗 decrypt.co/382586/stablecoin… #Stablecoins #USDC

🚨 Thailand moves to block crypto exchange Bitget ⚖️ 🏦 Thai SEC filed a criminal complaint against BG Limited, Bitget's operator 🔴 The charge ➜ running a crypto exchange without a license ━━━━━━━━━━━━ 🎯 The block ▪️ Start date ➜ Dec. 5 ▪️ Covers ➜ Bitget's website, associated domains and mobile app ▪️ Requested via ➜ Ministry of Digital Economy and Society ⚡ User warning ➜ act on assets held on the platform before the deadline ━━━━━━━━━━━━ 🔹 What the SEC alleges ▪️ 2022–2025 ➜ crypto trading offered to Thai users ▪️ Fees ➜ trading fees charged ▪️ Marketing ➜ promoted in Thai via websites and social media ▪️ Also named ➜ promoter Kritsana Kritsananuwat, previously accused over OKX promotion ━━━━━━━━━━━━ 💎 Why it matters 🔹 Timing ➜ Bitget announced plans on Oct. 20 to buy licensed Thai exchange GMO-Z.com Cryptonomics 🔹 Rules tightened ➜ since April 2025, licensing covers foreign platforms targeting Thai users 🔹 Next step ➜ police investigate, prosecutors decide on charges, courts rule on liability 🔗 Source: cointelegraph.com/news/thail… 👇 Bitget users in Thailand: check your balances before Dec. 5 #Bitget #CryptoRegulation

🚨 Binance cuts all SignalPlus API keys after security alert 🔐 ━━━━━━━━━━━━ 🔴 Third-party platform SignalPlus reported a potential security issue 🏦 Binance response ➜ proactively removed every API key linked to SignalPlus 🟢 Binance systems ➜ unaffected; user funds remain safe ━━━━━━━━━━━━ 🔹 What users should do ▪️ Log in ➜ Binance account directly to review positions and open orders ▪️ Rebind ➜ wait until SignalPlus confirms full resolution ▪️ Always ➜ enable IP whitelisting on new keys ━━━━━━━━━━━━ ⚡ Wider warning 🏦 CZ ➜ if you used SignalPlus on any other exchange, revoke those API keys too 🔹 CZ guidance ➜ don’t store exchange API keys with third-party platforms ▪️ Deribit ➜ also reported / moved on the same issue, per CZ ━━━━━━━━━━━━ 🔗 Who is SignalPlus ▪️ Hong Kong trading-tools firm ➜ options, analytics, automated strategies ▪️ Funding ➜ about $73M raised, including a $50M Series B in 2026 ▪️ Model ➜ users connect exchange accounts via API while assets stay on the CEX ━━━━━━━━━━━━ ⚡ Why it matters 🎯 After the $6.3B Binance hack, third-party API access is now a live operational risk 🏦 Exchanges can kill linked keys in one move — automated strategies stop cold 🔴 “Potential” issue still triggered a full key wipe; the breach details aren’t public yet ━━━━━━━━━━━━ 👇 Still parking exchange API keys on a third-party terminal? Reply below. 🔗 teapawt.net/binance/status/2118295… #Binance #Crypto