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The US bans Nvidia's top AI chips from going to China, so how do Chinese companies still tap that computing power? Massive data centers in Southeast Asia gave them access to it, and cover for alleged chip smuggling, the WSJ reports.

Coinbase's VP of Tax, Lawrence Zlatkin, has asked Congress for a de minimis capital gains exemption on small bitcoin payments. If spending bitcoin on lunch means doing tax math afterward, it's never going to work as money, and Washington knows it.

400+ fake accounts posing as Americans spent a year pushing Nvidia's case for selling AI chips to China, researcher Tyler Johnston says, and went after the House China Committee and Senators Warren, Van Hollen and Murphy. Nvidia denies any relationship and says it is investigating.

Bitcoin ripped 4.8% in 55 minutes, from $61,946 to $64,936 on Coinbase, and was at $64,768 at 9:40 PM ET Saturday. The 24-hour loss is now 4.0%. With spot ETFs still in outflows, who is buying this, and are they still there on Monday?

Bitcoin just gave back the entire August rally that set a record for the biggest weekly dollar gain ever. It is back at mid-August prices and down 7.0% in 24 hours. What powered that run isn't around anymore, so what holds it up now? • Week ended Aug 23: the largest weekly dollar gain on record, $14,264 (22.7%) to a $77,387 close, The Block reports • The Treasury said it would at least double long-dated buybacks, from $2B to a minimum of $4B per operation, running Sept 9 through Nov 4. Outlets tied the rally to that and to a short squeeze • Saturday night on Coinbase, bitcoin hit $61,946 at 8:45 PM ET, then bounced 2.5% to a high of $63,517 by 9:10 PM ET • It was at $63,418 at 9:10 PM ET, near the lowest levels since mid-August • Bitcoin ETFs are down about $1.9B in November through Nov 11, per our tracker The rally was tied to a Treasury decision and forced buying from shorts. With the larger buybacks over and ETF money now flowing out, there isn't much underneath it. If the move came from Washington pulling a lever, why would anyone be shocked when it left with the buyers?

Bitcoin just hit $61,946 on Coinbase, its lowest price since July 13, and that's 18.6% below the $76,095 it traded at six days ago. It's down 8.9% in 24 hours. Anyone who bought that Nov 8 high is looking at a loss of nearly a fifth in under a week.

Thomas Massie just got the 218 signatures he needed to force a House vote on a second Epstein files bill, and Speaker Mike Johnson is calling it a "political stunt." A discharge petition lets 218 members bypass leadership and bring a bill straight to the floor, so leadership can't simply bury it. • Rep. John Garamendi (D-Calif.) provided the decisive 218th signature • Three Republicans signed with Massie: Brian Fitzpatrick, Nancy Mace and Ralph Norman • The bill would let state attorneys general, district attorneys, members of Congress and Epstein's victims sue the US attorney general for withholding, redacting, delaying or failing to publish Epstein records • Massie introduced it July 15 with Ro Khanna and Teresa Leger Fernandez, after saying compliance with the first law was incomplete • No floor vote has happened yet and the bill has not passed Massie says the bill "lets you sue the Attorney General for not following this law." The first Epstein law forced the DOJ to release records, and this one hands enforcement to people outside the DOJ. A bill that only lets people sue over withheld files is a strange thing for the Speaker to dismiss as a stunt. We should all be watching that vote closely.

Uber Eats gift cards are how the FBI says it unmasked the alleged money man behind eight malware-laced games that drained at least $220,000 from crypto wallets. How did a Bitcoin trail lead to a home and a dorm? • Zyaire Wilkins, 21, of North Lauderdale, Florida, is charged with conspiracy over the scheme • The games, including PirateFi and BlockBlasters, infected about 8,000 devices and reached about 80 crypto wallets • The FBI says Bitcoin payments from the scheme went to Bitrefill, which sold 150+ gift cards, Uber Eats among them • Uber's records tied those cards to his home address and University of West Florida dorms • The FBI says he financed and marketed the operation but did not develop the malware These are allegations, and he is presumed innocent. But the pattern is the part worth your attention: the ledger is where the FBI started, but the records that got to a home address came from a delivery app that keeps accounts and logs. The victims, meanwhile, lost coins because they ran a game on a machine that held their wallets. Be aware that a game can empty a wallet sitting on the same computer, and that bitcoin spent through accounts tied to your name is only as private as those accounts.

Bitcoin as a medium of exchange for AI agents is decades away, says @_checkmatey_, and he thinks nobody should stress about it. "We are decades away from that being like a centerpiece of the equation."

Britain paid a record £404.3 million in September to constrain wind power, and £30 million went to wind and gas generators on 30 September alone. A record 1.8 TWh of wind was shut off. Scotland has power with nowhere to go, so why isn't more of it being used?

Bitcoin traded as high as $76,152 a week ago. On Saturday it hit $63,280, the lowest price since Aug 17 and 16.9% below that high. It fell 2.6% in about 35 minutes this afternoon and is down 6.8% over 24 hours.

Hackers' AI agents handed Amazon their own campaign records. Amazon's decoy servers, posing as AI model APIs, caught requests from Oct. 3 to Nov. 5 that carried the agents' operating memory. So who was running them? • Amazon assesses with moderate confidence the agents ran on ARTEX, an open-source AI pentesting framework, citing prompt references to ARTEX tooling • It points to separate Chinese-nexus groups, based on simplified Chinese prompts, China time-zone settings and common tooling • One campaign stole credentials to reach AI models, and the stolen keys paid for further LLM inference • Another used real-time deepfake injection to try to get past a crypto exchange's KYC • The FBI has issued a flash alert, and Censys counted 1,465 hosts with exposed ARTEX consoles as of Nov. 4 Amazon says none of the techniques were new, and that is the point. Open-source tooling plus stolen keys makes this cheap to run at scale, and the developer has since closed the source anyway. If agents can fake a face in real time to go after an exchange's selfie check, why would anyone want their face sitting in a KYC database in the first place?

Bitcoin's UTXO set cannot be forked or replicated, and @_checkmatey_ says that is why Zcash and every other coin fall short. "There is only one original invention of digital scarcity."

Only about 32,000 of the 426,000 federal workers who left since January 2025 were fired. Most resigned or retired. So did government get smaller, or just emptier? The Washington Post puts the net cut at about 255,000 jobs, or 12%, after new hires.

Bitcoin matched the big semiconductor ETF since January 2023, bear market included, and @_checkmatey_ says AI did not eat its lunch. "A lot of ink has been spilled about how AI has eaten Bitcoin's lunch."

Bitcoin at 73K sits in the bottom 25% of its trading history, and @_checkmatey_ says you will never regret accumulating in that zone. "I love a pullback. Here's the pullback, guys. What do you do with it?"

Binance was hit for $6.3 billion on Oct 29, and two weeks later it is still switching withdrawals back on, network by network. Binance says every affected user is now covered, so why is access still on the exchange's timetable? • The FBI blamed North Korea's TraderTraitor group for the breach • Withdrawals resumed in phases after the initial pause • Binance put coverage at 90% on Oct 31, about 95% on Nov 1, and 100% on Nov 13 • This week it reopened withdrawals on 87 networks • On the rest, Binance said: "We will aim to reopen withdrawals for all remaining networks and assets by the end of next week." Give Binance its due, making users whole on a hack this size is not nothing. But the money was never the only thing users needed. They needed to be able to move it, and the best Binance offers on the finish line is the word "aim." A record hack, a state-backed attacker, and customers waiting on the exchange to reopen the remaining networks. Always remember, you don't own the bitcoin unless you control the keys.