How Brooklyn prosecutors and the FBI took down a massive crypto fraud network targeting Russian speakers
The scheme allegedly stole tens of millions through Russianlanguage Facebook ads and fake advisers, then went after victims again with fake recovery offers.…
Live updates: Bitcoin back under $81,000 as AI selloff worsens
September inflation came in above forecasts and the selloff in AI stocks picked up speed, dragging bitcoin back toward last week’s low. Source:CoinDesk
Hyperliquid founder wants U.S. oversight of trading platforms, not his blockchain
Jeff Yan told Bloomberg that U.S. regulatory oversight should apply to the firms using the blockchain, not to the underlying network itself. Source:CoinDesk
Hex founder Richard Heart arrested in Istanbul, Turkish media report
Police reportedly seized $4 million in cash and 64 luxury watches during a raid on the crypto founder's Istanbul residence. Source:CoinDesk
Babylon advances native Bitcoin lending proposal on Aave V4
Babylon’s proposal to bring native Bitcoin collateral to Aave V4 has entered a new governance stage, but further votes and security reviews remain before…
Why the AI trade is not set up for a rebound like July’s, according to JPMorgan
Fewer shorts, buybacks ending, no inflows and too many longs imply no recovery is imminent, says a JPMorgan strategist. Source:MarketWatch
TSMC CEO sees no sign of a slowdown as chip foundry reports record profit
The semiconductor foundry announced thirdquarter net profits of 763.34 Taiwanese new dollars, marking a record. Source:MarketWatch
BlackRock's Fink names a U.S. recession trigger, sounds alarm over $40 trillion national debt
BlackRock's CEO says "a moratorium of some sort" on data center buildouts would put the U.S. in a recession. Source:CoinDesk
Bitcoin mining pool once handling 2.3% of network shuts after hashrate falls 65%
Computing power directed at Binance Pool has fallen from 26 EH/s in December to about 9 EH/s. Its remaining miners must choose another provider before a Nov.…
Bitcoin is back below $81,000 as Fed rate uncertainty weighs
Bets on an October Fed rate hike briefly spiked to nearly 50% after Wednesday’s inflation report, but have since cooled. Source:CoinDesk
Bitcoin miners plunge up to 13% in Wall Street’s worst selloff since July
TeraWulf, Core Scientific, Cipher Mining and IREN each lost more than 12% as hotter inflation hit AI infrastructure companies. Source:Cointelegraph
Anthropic’s slowing growth could be the AI trade’s latest red flag
Anthropic’s revenue growth appears to be cooling as the company prepares for its public debut, further stoking investors’ AI jitters Source:MarketWatch