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AI-driven personalized websites could revolutionize user engagement and digital marketing, challenging traditional web development norms.

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Bitcoin Magazine

Bitcoin Heated Hot Tubs and 278 Washington Bitcoin Merchants : Now Accepting Bitcoin

Washington Bitcoin merchant list has 278 businesses, from coffee shops and salons to a hot tub maker that heats its tubs with bitcoin mining. The list spans 94 named cities, and Seattle leads the way with 46 listings. First up is a homegrown US manufacturing business from Washington that makes a super unique product.

Snorkel: A Hot Tub Maker That Heats With Bitcoin

Snorkel has been making hot tubs in the Pacific Northwest since 1979, and its wood-stove business dates to the late 1970s. What makes them special is their full cedar tubs, and the wood stove which is fully submerged into the water of the cedar hot tub and has the “snorkel” coming out of the water. This is very convenient for anyone who has no electrical hook up.

It started with a bet in 2025. Michael Diederich, the owner, began accepting bitcoin for hot tubs after a wager with his brother. Payments were slow to trickle in at first, but bitcoiners kept asking him to build a hot tub powered by bitcoin miners. He started building one, pairing the tub with miners that heat the water. Snorkel works with Dane Soja of Hashrate House on the build.

The prototype with two S19J Pro miners drawing about 8 kW, which it says heated a tub from cold to 104°F (40°C) in under four hours. The project won an innovation award at the Heat Punk Summit in Denver, and a Snorkel tub is on display in Denver. Diederich sees a future where every electric hot tub is heated by miners, because the mining income helps pay back the cost of energy that would otherwise be wasted as heat.

The Rose Gift House and Coffee, Renton

The Rose sits at 226 Main Ave S in downtown Renton, in the Old Renton Pub building. Owner Katie Newman opened it in October 2020 as a gift shop that happened to serve coffee, and the coffee side grew into the larger part of the business. The shop stocks locally roasted coffee, handpicked artisan goods, and grab-and-go food. It won Best Customer Service in the 2025 Best of Renton readers’ poll.

Overcast Coffee, Seattle

Overcast Coffee is on Capitol Hill, and it started as a walk-up counter at 312 15th Ave E beside Kaiser Permanente. Owner Jonathan Pak opened the first shop there in June 2020. A second location, at 1517 12th Ave inside the Metier bike complex, came later, and the company buys its coffee and ingredients from small, local Seattle businesses.

Washington Bitcoin Merchant Directory

These 278 businesses come from the BTC Map survey of Washington. BTC Map is community-maintained, please write BTC Map and our series vagabond@b.tc if you’d like to see an update.

Coffee, Bakery & Sweets (42)

• Overcast Coffee (312 15th Ave E), Seattle, WA
• Overcast Coffee (1517 12th Ave), Seattle, WA 98122
• Toasted. Bagels & Coffee, Bellevue, WA 98004
• Ashuri Baklava & Cafe, Bellingham, WA 98225
• Daytrip Cafe, Bellingham, WA 98225
• Aloha Cafe, Blaine, WA 98230
• Koa Table Café, Blaine, WA 98230
• Dg Coffee, Bothell, WA 98011
• Los Encantos World Bakery, Bremerton, WA 98312
• Rustic Heritage Bakery, Centralia, WA 98531
• Two Brewnettes LLC, Centralia, WA 98531
• Mint City Coffee Roasting, Chehalis, WA 98532
• Stout Coffee House, Chehalis, WA 98532
• Chickalatte beautiful coffee, Everett, WA 98203
• Make It Healthy, Federal Way, WA 98003
• Fortunato Chocolate, Issaquah, WA 98027
• Fortunato Chocolate, Issaquah, WA 98027
• Fumie’s Gold, Kirkland, WA 98033
• Hub Boba, Mercer Island, WA 98040
• Little Prague Bakery, Mukilteo, WA 98275
• Bar Francis, Olympia, WA 98501
• Glowies, Olympia, WA 98501
• Buckin Coffee, Omak, WA 98841
• Mountain Goat Coffee Roaster and Bakery, Packwood, WA 98361
• Pink Pony Cafe, Port Angeles, WA 98362
• The Rose Gifts & Coffee, Renton, WA 98057
• Bright Spot, Seattle, WA 98144
• Cannolo, Seattle, WA 98109
• Hellenika Cultured Creamery, Seattle, WA 98101
• Panino, Seattle, WA 98109
• Samra Cafe & Baklava, Seattle, WA 98118
• Theo’s Gyros, Seattle, WA 98103
• TOASTED. Bagels & Coffee, Seattle, WA 98109
• TOASTED. Bagels & Coffee, Seattle, WA 98105
• Toasted. Bagels & Coffee, Seattle, WA 98104
• Tres Lecheria, Seattle, WA 98103
• Yoka Tea, Seattle, WA 98122
• Half Baked & lil Fruity, Spokane, WA 99207
• Half Baked and a Lil Fruity, Spokane, WA 99207
• Happy Belly Eatery & Juice Bar, Tacoma, WA 98402
• Naomi Joe Coffee Roasters, Tacoma, WA 98402
• Rooster Brew Espresso, Woodland, WA 98674

Restaurants & Fast Food (44)

• La Pasta @ West Seattle Farmers Market, WA
• Skylar’s, Bay Center, WA 98527
• La Tia Angelina, Bellevue, WA 98007
• La Tía Angelina, Bellevue, WA 98007
• Grouchy’s Diner, Bellingham, WA 98225
• Luchadora Burger, Bellingham, WA 98225
• Super Duper Teriyaki, Bellingham, WA 98225
• Taqueria El Rinconcito Express, Bingen, WA 98605
• Alaska Wild Fish & Chip Co., Blaine, WA 98230
• Virasat Indian Cuisine, Camas, WA 98607
• Good Fork, Chehalis, WA 98532
• Yabes Food Truck, Forks, WA 98331
• The Popcorn Shoppe, Grand Coulee, WA 99133
• Barbe-Queen Kitchen, Ilwaco, WA 98624
• Papa Zuzu’s Pizza, Kelso, WA 98626
• Skooder’s Hot Dog, Kent, WA 98032
• The Hive, Klickitat, WA 98628
• Leavenworth Coffee and Waffles, Leavenworth, WA 98826
• Zuri’s Gourmet Donutz, Lynnwood, WA 98036
• Maggie’s Kitchen, Moses Lake, WA 98837
• Best Pizza Ever, Pasco, WA 99301
• Alderdale Boneyard, Prosser, WA 99350
• Appethaizing Thai Food, Puyallup, WA 98371
• Fast and Curryous, Richland, WA 99354
• Teriyaki Thai Etc, Ridgefield, WA 98642
• Last Roadhouse, Ronald, WA 98940
• Ahadu Ethiopian Restaurant, Seattle, WA 98125
• El burrito feliz, Seattle, WA 98107
• Ka Pow Thai On Wheels, Seattle, WA 98106
• La Pasta Storefront, Seattle, WA 98109
• La Pasta Storefront, Seattle, WA 98115
• Ooink Ramen, Seattle, WA 98103
• Ooink Ramen, Seattle, WA 98122
• Poke Fresh, Seattle, WA 98115
• Wing Xscape by Hot Potato 1.2.3. Express, Seattle, WA 98105
• Burrito House, Spokane, WA 99202
• Island Style Food & BBQ, Spokane, WA 99207
• Craft & Gather, Spokane Valley, WA 99206
• Flying Boots & Wings, Tacoma, WA 98418
• Taco’n Madre, Toppenish, WA 98948
• Wild Nectar, Tumwater, WA 98512
• Steak Your Claim, Vancouver, WA 98682
• Fiddle’s Lunch Box, Yakima, WA 98902
• Jerk Juicy BBQ, Yelm, WA 98597

Bars, Breweries & Wine (11)

• The Hub Bar & Restaurant, Centralia, WA 98531
• Jones Creek Brewery, Chehalis, WA 98532
• McFiler’s, Chehalis, WA 98532
• Union Hill Cider Co., East Wenatchee, WA 98802
• Headworks Brewing, Enumclaw, WA 98022
• 3 Dog Cider and Brewstillary, Ethel, WA 98542
• Strange Ways Bar, Everett, WA 98201
• Plain Valley Brewing Club, Leavenworth;Plain, WA 98826
• Barley POP! Brewing, Snohomish, WA 98290
• Bonaparte Creek, Tonasket, WA 98855
• Paradisos del Sol Winery and Organic Vineyard, Zillah, WA 98953

Groceries & Food Shops (12)

• Bitcoin Lightning Newspaper Machine, WA
• La Pasta, WA
• La Pasta, WA
• Alucinor Farms, Chehalis, WA 98532
• Mt. Capra, Chehalis, WA 98532
• Mt. Capra Wholesale, Chehalis, WA 98532
• Tree To Me, Colbert, WA 99005
• Zambezi Market & Hair Supply, Federal Way, WA 98003
• Oak Meadows Farm, Ferndale, WA 98248
• Northsea Apothecary, Lopez Island, WA 98261
• Serendipity Farm, Quilcene, WA 98376
• Northwest Butchery, Woodinville, WA 98072

Beauty & Wellness (46)

• Rani Beauty Clinic, WA
• Wynn Nail Spa, WA
• Chavez Barbershop, Aberdeen, WA 98520
• Maria’s Beauty Salon, Aberdeen, WA 98520
• Michael Redhawk Salon, Bellevue, WA 98004
• Harbor Moon Salon, Bellingham, WA 98225
• Absolute Hair, Everett, WA 98203
• Beauty37 Studio, Federal Way, WA 98003
• The Shop Hair Studio, Gig Harbor, WA 98335
• Skintegrity Medspa, Kirkland, WA 98033
• Massage Restoration, Lacey, WA 98503
• Flippd Fades Cut Lounge, Lakewood, WA 98499
• Brand X Piercing & Fine Jewelry, Longview, WA 98632
• Beyond Beautiful Salon, Moses Lake, WA 98837
• NW Lash Boutique, Mountlake Terrace, WA 98043
• Lucid Skin Studio, North Bend, WA 98045
• Bright & Bold, Olympia, WA 98502
• Beauty By Suzi, Port Angeles, WA 98362
• Aqeel at Black Castle Barbershop, Puyallup, WA 98373
• Fuji Therapy, Renton, WA 98057
• 14th Avenue Hair, Seattle, WA 98122
• Botanabliss, Seattle, WA 98146
• CamStyledYou, Seattle, WA 98122
• Citron Aesthetics, Seattle, WA 98107
• Cleopatra Ink, Seattle, WA 98101
• CoCo & Company Hair Salon, Seattle, WA 98116
• Jerry Porter Massage Therapies, Seattle, WA 98119
• Lalascuts, Seattle, WA 98109
• Sal’s Pike Street Barbers, Seattle, WA 98122
• Snorkel Hot Tubs, Seattle, WA 98108
• Southpaw Barbershop, Seattle, WA 98116
• Treehouse Massage Therapy at Annie Firefly, Seattle, WA 98115
• Zara Jo Beauty Supply, Seattle, WA 98122
• Ace Of Fades, Selah, WA 98942
• Renay at Saluk Salon, Snohomish, WA 98290
• Flow: Massage and Fitness, Spokane, WA 99201
• Fragrance Station, Spokane, WA 99216
• Kate’s Barber Shop, Spokane Valley, WA 99212
• Flawless Tacoma, Tacoma, WA 98406
• The Crown Correction Lounge, Tacoma, WA 98444
• Cutter’s Barbershop, Tumwater, WA 98501
• Tonsor, Vancouver, WA 98660
• Exhala Wellness, Wenatchee, WA 98801
• Themaadstylist, Wenatchee, WA 98801
• Locs ‘N’ Braids, Yakima, WA 98902
• Valley Barbers, Yakima, WA 98901

Auto & Transport (22)

• Eco Car Cafe, Bellevue, WA 98004
• A&M automotive, Centralia, WA 98531
• Ricks Auto Tint, Ephrata, WA 98823
• Shop Mothership, Everett, WA 98203
• Lexy’s Oil Change, Goldendale, WA 98620
• Anytime Repair and Service, Kennewick, WA 99336
• Marty’s Place at Strawbridge Farm, Langley, WA 98260
• Mukilteo House Of Wax, Mukilteo, WA 98275
• Three Sixty PowerSports, Port Angeles, WA 98362
• OceanHills Auto Detailing, Redmond, WA 98052
• JK Towing, Republic, WA 99166
• S&J Automotive n Tires, Republic, WA 99166
• Abdi Complete Auto Service And Body, Seattle, WA 98108
• Rapid Towing, Seattle, WA 98125
• Tony’s Greenwood Auto Body, Seattle, WA 98103
• Union Square, Seattle, WA 98101
• University Used Tires, Seattle, WA 98105
• CB Automotive, Sedro Woolley, WA 98284
• AR Automotive, Stanwood, WA 98292
• Mad Max Creations, Washougal, WA 98671
• The Paddock, Woodinville, WA 98072
• Refined Rides Detail & Tint, Yakima, WA 98901

Retail, Shopping & Entertainment (31)

• Nova Vita, Bainbridge Island, WA 98110
• Kim’s Unique Boutique, Castle Rock, WA 98611
• Let’s Play Something, Centralia, WA 98531
• Vintage Vault 33, Centralia, WA 98531
• McFiler’s Chehalis Theater, Chehalis, WA 98532
• Eastsound Sporting Goods, Eastsound, WA 98245
• Dragonfire, Kennewick, WA 99336
• Gamebound Video Games, Kent, WA 98030
• SBC Kent Snooker & Billiard Club, Kent, WA 98032
• Adorkable Flowers & Gifts, Liberty Lake, WA 99019
• Pirates Keep, Long Beach, WA 98631
• Hello Nature, Moses Lake, WA 98837
• Dos Casas Thrift, Port Orchard, WA 98366
• Park Avenue Studio, Port Townsend, WA 98368
• GameBound Video Games, Renton, WA 98059
• The Little Plant Shop, Richland, WA 99352
• Shoe Express, Seattle, WA 98101
• Slow Love Vintage, Seattle, WA 98105
• Ugly Baby, Seattle, WA 98101
• Art Room 509, Spokane, WA 99212
• Fern Plant Shop, Spokane, WA 99201
• Petunia & Loomis, Spokane, WA 99201
• Teleport Vintage, Spokane, WA 99202
• Zap Lab Fun, Spokane, WA 99207
• Sincere Tacoma, Tacoma, WA 98406
• Aqua Gallery, Vancouver, WA 98660
• Briz Loan & Guitar, Vancouver, WA 98660
• Corridor Gallery, Vancouver, WA 98660
• Petal Me Home Flowers, Walla Walla, WA 99362
• Morning Moon Mercantile, Wenatchee, WA 98801
• Geetaku Market, Yakima, WA 98902

Health, Services & Professional (50)

• Caffery Photo, WA
• Darey Philbrick MD, Aberdeen, WA 98520
• High Performance Homes, Auburn, WA 98002
• New Town Cleaners, Battle Ground, WA 98604
• Stambaugh Designs – Web Design & SEO, Bellingham, WA 98225
• Hero Fence, Camas, WA 98607
• Zues Digital Designs, Eatonville, WA 98328
• Ezzia Healthcare, Everett, WA 98204
• Amigo Cell Phone Repair & PC Kennewick, Kennewick, WA 99336
• iPhone BLVD, Kennewick, WA 99336
• Let’s Go Dog Training, Kennewick, WA 99336
• Sylvia Income Tax And Plus, Kennewick, WA 99301
• Precision Hardscapes & Irrigation, Kent, WA 98032
• Silky – The Screen Print Shop, Kent, WA 98032
• Destak Cleaning Services, Kirkland, WA 98034
• Blessed Driving School, Lacey, WA 98503
• FixLab Electronics, Longview, WA 98632
• Bal Driving School of Lynnwood, Lynnwood, WA 98036
• Cellaxs, Lynnwood, WA 98037
• iRepair Xpert, Lynnwood, WA 98037
• Speedys Multi Services, Mattawa, WA 99349
• Institute of Beauty Professionals, Moses Lake, WA 98837
• J & M Custom Upholstery, Moses Lake, WA 98837
• Sylvia Income Tax And Plus, Pasco, WA 99301
• Purewag, Redmond, WA 98052
• Ez Fix Cell Phone Repair, Richland, WA 99354
• Purewag, Sammamish, WA 98075
• 4th Systems, Seattle, WA 98146
• Farr Design, Seattle, WA 98103
• Gadget Rehab, Seattle, WA 98105
• Nauti Stitches, Seattle, WA 98178
• Savvi Kenpo, Seattle, WA 98103
• Hood Canal Street Eats & Catering, Shelton, WA 98584
• Gig-techs, Shoreline, WA 98155
• Advanta Insurance Brokers, Spokane, WA 99203
• Kalea, Spokane, WA 99207
• North West Terraria, Spokane, WA 99202
• The Guilded Dragon, Spokane, WA 99207
• Cellaxs, Tacoma, WA 98409
• Dubreezy Entertainment, Tacoma, WA 98402
• iRepair Xpert, Tacoma, WA 98409
• Puget Sound Locksmith, Tacoma, WA 98409
• Alianza Hispana, Union Gap, WA 98903
• Adams Chimney Specialist, Vancouver, WA 98682
• Double Barrel Print, Vancouver, WA 98665
• High Performance Homes, Vancouver, WA 98661
• The PC Smith, Wenatchee, WA 98801
• Gorge Ink, White Salmon, WA 98672
• Axiom Technologies, Yakima, WA 98902
• Anderson Woodwork’s, Yelm, WA 98597

Other (20)

• Alucinor Farms, WA Chehalis
• Charron Vision Therapy, WA Bellingham
• Crazy Jumpers, WA Bellingham
• Fancy Flamingo Massage, WA Kennewick
• Health And Exercise Prescriptions, WA Bellingham
• Jennifer Branch Reiki Master, WA Anacortes
• Living Well Family Chiropractic, WA Chelan
• MOHI Sports Performance, WA Bellingham
• Northwest Pastoral Counseling, WA Tacoma
• On Deck, WA Vancouver
• Sacred Path Medicine, WA Lynnwood
• Sarah Enera Manual + Movement Therapy, WA Seattle
• South Sound Hypnosis, WA Olympia
• Strait Fitness, WA Port Angeles
• Terrain Gym, WA Bellingham
• Triangle Bowl, WA
• Bitcoin ATM, Chehalis, WA 98532
• Modulo, Chehalis, WA 98532
• Glacier Foods, East Wenatchee, WA 98802
• Doug Varenas Realtor, estate_agent, WA Vancouver

This post Bitcoin Heated Hot Tubs and 278 Washington Bitcoin Merchants : Now Accepting Bitcoin first appeared on Bitcoin Magazine and is written by Vagabond.

Bitcoin Magazine

LNbits Releases 1.7.0 Urgent Security Update After November 8 Attacks Drain Funds

LNbits, the open-source Lightning Network wallet and accounts platform, released version 1.7.0 on November 10 as an urgent security update and instructed all operators to upgrade before restarting their servers. The project’s official X account posted the announcement with a link to the GitHub release, calling it a “SECURITY UPDATE”.

The release follows a wave of attacks that began over the weekend. On November 8, LNbits posted on X that all users should stop their LNbits servers immediately after reporting active attacks, adding that security patches were being prepared and that it was “better to err on the side of caution.” 

The project also disabled instances on its hosted service. Multiple reports documented unauthorized account creation and fund withdrawals. 

Kevin Ravensberg, operator of the Telegram tipping service BitTipBot, publicly stated that attackers created new accounts on his instance and withdrew 2,285,545 satoshis (approximately 0.0229 BTC) between roughly 09:22 and 14:00 UTC on November 8.

According to the official upgrade guidance published alongside the release, versions prior to 1.7.0 are affected and “funds running on prior versions of LNbits are at risk of being stolen.” The project stated that 1.7.0 includes security fixes in response to the incident discovered on November 8 and that a full technical report on the exploit will follow. 

Operators are advised to set up a fresh server if compromise is suspected, because updating alone cannot remove access an attacker may already have gained. Additional recovery steps include rotating all user wallet keys as Super Admin, replacing funding-source credentials (API keys or macaroons), rotating other secrets stored in settings, and reviewing or re-creating connections for extensions such as NWC Provider, LNDHub, Bolt Cards, TPOS, Bleskomat, and FOSSA.

The GitHub release notes describe extensive security hardening across authentication, extension management, and payment handling, plus dependency updates. New features shipping with the version include on-chain wallet support, BOLT12 offer payments, TOTP two-factor authentication, NIP-17 support, a job scheduler, automatic extension updates, and hold invoice support for the LNbits funding source. The project notes that LNbits functions as a hot wallet and that operators should keep only operational balances online, regularly review activity, and move excess funds to offline keys.

LNbits was founded as a free and open-source project in 2019 by Ben Arc and later incorporated a commercial entity to support development. It provides multi-user accounts and a large suite of extensions on top of any Lightning funding source (including LND and Core Lightning). Bitcoin Magazine profiled the project in September 2024, describing it as “the WordPress for your Bitcoin Lightning node” noting its widepsread use by individuals, businesses, and node operators seeking accessible Lightning tooling. The software is widely deployed both self-hosted and via managed instances.

As of the v1.7.0 announcement, the project has not published an aggregate total of funds lost across all affected instances. Operators who have not yet upgraded are directed to the official guidance before bringing servers back online.

This post LNbits Releases 1.7.0 Urgent Security Update After November 8 Attacks Drain Funds first appeared on Bitcoin Magazine and is written by Juan Galt.

Bitcoin Magazine

Texas Rep. Files Bill Letting Cities Invest $10 Million in Bitcoin

A Texas lawmaker filed a bill Monday that would let each city and county in the state invest up to $10 million of public money in bitcoin or another cryptocurrency, without setting any rules for how those coins would be held.

House Bill 815, filed by Rep. Ron Reynolds, a Missouri City Democrat, on the first day of prefiling for the 90th Texas Legislature, carries the caption “Relating to the authority of a municipality or county to invest money in cryptocurrencies.” The introduced text, posted on the Texas Legislature’s site, is two sections long.

The bill would amend the Public Funds Investment Act, Chapter 2256 of the Texas Government Code, by adding a new Section 2256.0165, titled “Authorized Investments: Cryptocurrency.” Under that section, “a municipality or county may invest not more than $10 million of its money or money under its control in Bitcoin or another cryptocurrency.” The authority would take effect Sept. 1, 2027, if the bill becomes law.

The $10 million figure is a cap on each city or county, not a single statewide pool. School districts and other local governments covered by the investment act are left out.

What the bill does and does not say

The measure borrows its definitions of “Bitcoin” and “cryptocurrency” from Section 403.701 of the Government Code, the definitions written into law last year by Senate Bill 21, which created the Texas Strategic Bitcoin Reserve. Bitcoin is defined as a decentralized cryptocurrency created by a peer-to-peer network that operates independently of any central authority or bank. Cryptocurrency is defined more broadly as a virtual currency that uses cryptography to secure transactions recorded on a distributed ledger, such as a blockchain.

That means a city or county would not be limited to bitcoin. The bill also does not import the reserve law’s requirement that coins bought for the state fund have an average market capitalization of at least $500 billion over the most recent 24-month period, or its provisions on cold storage and qualified custodians.

The Public Funds Investment Act already requires local governments to adopt a written investment policy that emphasizes safety of principal and liquidity, and to invest with the care a prudent person would use in managing their own affairs. A city or county would still have to add cryptocurrency to that policy before buying any. The new section itself is silent on custody, on audits specific to digital assets, and on how a loss would be handled.

A narrower version of last year’s proposal

Reynolds filed a broader measure, House Bill 4258, on March 10, 2025, with Rep. Mihaela Plesa. That bill would have let the comptroller invest as much as $250 million of the Economic Stabilization Fund, the state’s rainy day fund, in bitcoin or another cryptocurrency, and it included the same $10 million cap for cities and counties. It was referred to the House Delivery of Government Efficiency Committee on April 1, 2025, and did not become law.

House Bill 815 drops the rainy day fund language and keeps only the local-government piece. The state’s own reserve was created separately through Senate Bill 21, which Gov. Greg Abbott signed in June 2025.

The Texas Comptroller’s office later bought $5 million of BlackRock’s iShares Bitcoin Trust on Nov. 20, 2025, as a placeholder while it worked on direct custody, The Texas Tribune reported, with the office confirming the purchase. A second purchase brought the reserve’s IBIT exposure to about $10 million. In May, Acting Comptroller Kelly Hancock named an advisory committee and issued a request for proposals for a custodian, a step toward holding bitcoin directly.

What comes next

Prefiling for the 90th Texas Legislature opened Monday, and the regular session convenes Jan. 12, 2027. The bill has been filed but has not yet been referred to a committee, a step that typically waits until lawmakers convene. Even if it passes both chambers and is signed, cities and counties could not use the new authority until Sept. 1, 2027.

This post Texas Rep. Files Bill Letting Cities Invest $10 Million in Bitcoin first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Poland’s Parliament Votes 240-202 to Let Officials Freeze Crypto Before Court Review

Poland’s lower house of parliament voted 240-202 on Friday to let the interior minister freeze crypto assets, bank accounts and other property of people placed on a national sanctions list, before any court reviews the order.

The Sejm, Poland’s lower house, passed the Act on Restrictive Measures at its 68th sitting, with one member abstaining and 17 not voting. The Senate received the bill Monday and has 30 days under Article 121 of the Constitution to adopt, amend or reject it, after which it would go to President Karol Nawrocki.

The law, a government bill that also implements European Union sanctions rules, treats crypto assets as financial means that can be frozen, using the definition in the EU’s Markets in Crypto-Assets regulation. A freeze, as the text defines it, is meant to stop any movement, transfer, use or other change that would let the holder benefit from the assets.

The freeze applies only to people and entities the interior minister adds to a public national list, either on the minister’s own initiative or at the request of agencies that include the financial watchdog, the central bank, the financial intelligence unit and the internal security service. Grounds include supporting a country already under EU sanctions, serious human rights abuses, or initiating or financing information manipulation that poses a serious threat to Poland’s national security.

A listing on that last ground requires a showing of a real and serious threat to Poland’s interests, borders, security or elections. The bill carves out ordinary journalism, political speech and publishing, unless that activity is a knowing campaign of the kind the law describes.

A freeze that starts before a judge weighs in

The interior minister’s decision takes effect the day after it is posted in the ministry’s Public Information Bulletin and is immediately enforceable. There is no request to the minister to reconsider. A listed person may file a complaint with an administrative court, but the law says the decision remains in force until a judgment becomes final, and it sets aside the usual rule that would let a court pause a challenged order.

The measures also bar making funds or property available to listed persons and can exclude them from public contracts. In some cases, the economy minister may appoint a temporary administrator to sell frozen assets or, under a separate order, take them over for the State Treasury.

What the freeze would mean for bitcoin

The Poland bill does not target ordinary bitcoin holders in Poland. It reaches crypto assets owned, held or under the control of people and firms on the sanctions list. Banks, exchanges and other parties face administrative fines if they fail to freeze those assets or make them available, and compliance is checked by the financial intelligence unit and the Polish Financial Supervision Authority for the firms they already oversee.

The text does not describe a way for officials to obtain the keys to coins held in self-custody. The practical enforcement path in Poland runs through exchanges, custodians and other obliged institutions that can actually stop a transfer.

What comes next for the bill

The bill still has to clear the Senate and Nawrocki’s desk. The president refused to sign a separate crypto-assets market bill the Sejm passed on May 15, and lawmakers in September failed to override that veto, voting 241-198. He had also vetoed earlier versions of that market bill, arguing the rules went too far.

That earlier fight was about licensing and supervision under the EU’s crypto-assets rulebook, not about a sanctions freeze. Whether the Senate trims the pre-court freeze, and whether Nawrocki will sign a sanctions law that reaches bitcoin, is the question the bill now leaves open.

This post Poland’s Parliament Votes 240-202 to Let Officials Freeze Crypto Before Court Review first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

Bitcoin Magazine

Canaan (CAN) Swings to an $8 Million Profit on Bitcoin Gains as Rig Sales Collapse 96%

Canaan Inc. (NASDAQ: CAN) swung to $8.0 million of third-quarter net income on a $51.9 million fair-value gain in its bitcoin holdings and derivatives, the mining-rig maker said Tuesday, even as machine sales collapsed 96%.

The company filed the unaudited results Tuesday in a 6-K with the Securities and Exchange Commission. Total revenue fell to $14.5 million from $150.5 million a year earlier, including $4.8 million from product sales and $9.5 million from mining. Canaan sold 1.0 million terahashes per second of computing power and mined 133 bitcoin.

The profit did not come from the business. Canaan posted an $8.6 million gross loss and a $42.9 million operating loss. Chief financial officer Jin “James” Cheng said a recovery in bitcoin prices toward quarter-end generated the $51.9 million fair-value gain and called it “distinct from underlying operating performance.”

The $51.9 million is the sum of a $20.1 million gain on cryptocurrency and a $31.9 million gain on financial derivatives. Canaan also reported $22.4 million of non-GAAP adjusted EBITDA, a figure that still includes those gains. Strip them out and adjusted EBITDA would have been a loss of about $29.5 million.

Nangeng Zhang, Canaan’s chairman and chief executive officer, pointed to “continued weakness in bitcoin mining equipment demand and intense industry pricing competition.” Products revenue dropped from $13.6 million in the second quarter and from $118.6 million in the same period of 2025. The company blamed lower volumes and a lower average selling price.

The treasury carries the quarter

Canaan took $8.2 million of inventory-related write-downs, down from $25.3 million in the second quarter. Mining operations posted a gross margin of about 30% before depreciation, with an all-in power cost of about $0.043 per kilowatt-hour and roughly 10 exahashes per second of installed capacity outside joint ventures.

The company held 1,875.5 bitcoin as of Sept. 30. Of that, 517.5 coins were owned outright, 1,258 were pledged for secured term loans and 100 sat in a fixed-term product. It booked $43.7 million of cryptocurrency assets and $114.2 million of cryptocurrency receivables.

The stack is down about 40 bitcoin from the 1,915.5 Canaan reported at the end of the second quarter, even after the company mined 133 in the period, implying it moved roughly 173 bitcoin off the treasury. Zhang said Canaan is “selectively monetizing cryptocurrency holdings to fund share repurchases.”

On Nov. 6, the board approved a new $100 million share repurchase authorization over 12 months and launched an initial $20 million program under that cap.

A 2-gigawatt Texas bet, and a reverse split

Canaan is trying to recast itself around power and compute infrastructure. Its 1-gigawatt project in Duval County, Texas, received a conditional “Studied Load – Firm” classification under ERCOT’s Batch Zero process, a grid-connection step Zhang said remains “subject to further studies and approvals.” A second 1-gigawatt project in Zapata County is in early-stage development.

To support those plans, Canaan set aside $50 million of restricted cash as collateral for a letter of credit tied to infrastructure contracts and made about $3.3 million of project prepayments. In October it bought a parcel of U.S. land for about $1.1 million. Cash ended Sept. 30 at $72.8 million, $50 million of it restricted, leaving $22.8 million unrestricted.

Canaan also plans a 1-for-25 reverse ADS split, effective on or about Dec. 4, changing each ADS from 15 Class A ordinary shares to 375. The move is meant to help the company regain compliance with Nasdaq’s minimum bid price requirement.

For the fourth quarter, Canaan expects revenue of $18 million to $22 million.

The shift toward power and compute puts Canaan in the same lane as other public bitcoin miners. MARA sold 13,597 bitcoin to fund AI infrastructure, and Hyperscale Data sold its last coins for a Michigan data center.

Whether a paper gain on 1,875 bitcoin and a pair of early-stage Texas power projects can carry Canaan until customers start buying machines again is the question the quarter leaves open.

This post Canaan (CAN) Swings to an $8 Million Profit on Bitcoin Gains as Rig Sales Collapse 96% first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

At 12 months, Rosie users showed no significant anxiety or depression advantage over a monthly children's book program.

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The November 2–8 filing reports no STRC ATM sales, while buybacks absorbed two-thirds of the week’s MSTR proceeds.

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The venue accounts for about 77% of weekly turnover in DefiLlama’s Solana table, concentrating growth as stablecoin market capitalization falls.

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Full aggregation could lower fees about 14% for a modeled joint payment or 27% for consolidation, with activation and wallet support unresolved.

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The miner still plans Bitcoin monetization for infrastructure, potential buybacks and holder-exercised bond puts, with dated cash and financing offering alternatives.

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RollerCoin pays out real cryptocurrencies, but only in small amounts and only once your balance reaches the minimum for the coin in question. Playing mini-games in the browser earns you virtual computing power, not coins. The coins only come into being when that computing power wins a share of your league's block reward. What eventually lands in your own wallet therefore depends on three variables: your share of the league, the size of the reward and the withdrawal threshold.

For you as an investor, RollerCoin is therefore no substitute for buying Dogecoin or Bitcoin, but a game with a small return in real coins. As soon as a withdrawal is due, you need your own wallet or an account with an exchange that accepts the coin. If you later want to swap the coins you withdraw into euros, you inevitably end up on a trading platform; regulated crypto exchanges compared gives an overview. This guide works out how long the road to the first withdrawal takes and shows what you should plan for in terms of waiting time and tax.

What is RollerCoin? A browser-based mining simulator with no real hardware

RollerCoin is a browser game that recreates cryptocurrency mining. You set up a virtual room, place virtual miners on racks and increase your computing power through short arcade games. No graphics card or ASIC miner does any work in the process. Your computer solves no cryptographic puzzles, and your electricity meter runs no faster than when you are browsing.

Mining on real blockchains means computing new blocks, for which a network such as Bitcoin pays out new coins and fees. RollerCoin borrows the vocabulary of that process, namely hashrate, block and reward, and turns it into a game mechanic. According to the provider's help pages, mining power is simply the number of hashes per second the game credits to you. That number only exists in the operator's database.

The difference from bitcoin mining apps on smartphones is smaller than the name suggests: there, too, the phone does not really compute anything, and the payouts come from the app's business model. With RollerCoin, that model is openly designed as a game, with shops, events and an in-game currency of its own.

Hashrate and block reward: how RollerCoin distributes coins across 15 leagues

At RollerCoin, the block reward is the amount of a token shared among all active players in a league. According to the FAQ, this happens roughly every ten minutes. Your share depends on your computing power relative to the total power of all players in your league mining the same coin. The provider's example: if the reward is 100 DOGE, all DOGE miners in your league split exactly those 100 DOGE according to their power.

The leagues replace an earlier system with a single shared pot. RollerCoin now splits players into 15 leagues, ranked by their maximum power from miners, bonuses and racks. Each league has its own reward pot with a fixed amount of tokens and its own selection of coins. The higher the league, the more coins there are to choose from.

This leads to an important property: your reward falls when others upgrade, even if you change nothing yourself. League power, the sum of all power in your league, works like the mining difficulty of a real network. If many new players join or many choose the same coin, your slice of the pie gets smaller. The provider itself writes that block time can stretch beyond ten minutes for coins in high demand.

Game power expires after one to seven days

RollerCoin recognises five kinds of power: the base power of the miners, bonus power from your miners' percentage values, the rack bonus, power from games and temporary power from events. For beginners, game power matters most, because it costs nothing but time.

That is exactly the power that is time-limited. According to the FAQ, it lasts one, three, five or seven days depending on your PC level. Anyone who does not play for a week therefore loses most of their hashrate, unless they own permanent miners. The provider accordingly recommends playing every day, ideally twice. For your calculation, this means the return is tied to the time you spend playing, not to a device bought once.

Only miners and racks provide permanent power. You buy them in the game, and this is where the in-game currency comes in.

RLT and RST: two in-game currencies with no withdrawal

RLT (RollerToken) is RollerCoin's main currency. You receive it from games, quests, loot boxes, events and offers on the Task Wall, and you spend it on miners and equipment. According to the FAQ, RLT can neither be withdrawn nor exchanged for other tokens; the currency is intended exclusively for use in the game. RLT can also be bought with real money.

RST is a season token earned from daily and weekly tasks. You use it to buy items in the season shop. RST expires at the end of each season. If you do not spend it, you lose it.

When it comes to what RollerCoin pays out, both currencies are therefore ruled out. Only the cryptocurrencies you mine with your power can be withdrawn, and not every one of those either: according to the provider, some coins can only be mined or deposited.

Minimum amount per coin: the threshold decides the first withdrawal

Every withdrawable coin at RollerCoin has its own minimum amount. If your balance is below it, the system does not accept a withdrawal request. You can see the current threshold in the game's wallet section next to each coin; the provider has changed it several times in the past.

One example comes from a blog post from April 2021, in which RollerCoin lowered the minimum withdrawal for DOGE from 360 to 150 DOGE because beginners could hardly reach the old threshold. Review sites cite figures of around 0.0001 BTC for bitcoin, without the provider confirming that number on its help pages. Always check the threshold yourself in your account before you build a strategy around a particular coin.

The threshold is the real bottleneck. As long as your balance is below it, the coins are not effectively yours yet. The balance sits with the operator, and you can neither sell nor transfer it.

Dogecoin worked example: a 0.01 percent league share is enough for around 104 days

How long it takes to reach the first withdrawal can be estimated from the provider's own figures. The following values are assumptions so that the calculation stays easy to follow, not a promise of returns.

Assume the block reward for DOGE in your league is 100 DOGE, as in the FAQ example, and a block is produced every ten minutes. The league then pays out 144 blocks a day with 14,400 DOGE in total. If you consistently hold 0.01 percent of your league's DOGE power, you receive 1.44 DOGE a day. Reaching the 150 DOGE threshold from the 2021 blog post would then take around 104 days.

What this comes to in euros depends on the price. On November 10 we reported Dogecoin at around $0.067, which put 150 DOGE at about $10. The calculation also assumes that your share stays constant. Because game power expires and other players upgrade, that tends to be the exception in practice. If your share halves, the waiting time doubles.

For comparison: anyone running real Dogecoin mining with Scrypt hardware has to factor in the device price, electricity and pool fees. RollerCoin does away with these costs; instead you pay with playing time and, if you buy miners for RLT, possibly with real money.

Withdrawal with a confirmation code: valid for 30 minutes, up to ten business days of review

Once you have reached the threshold, the withdrawal takes a few steps: open the wallet in the game, choose the coin, enter the destination address and amount, add the MEMO number for XRP, then confirm. RollerCoin then sends you a code by email, which you enter in the game. According to the FAQ, this code is only valid for 30 minutes. If it expires, the request lapses and you have to start again.

According to its own help pages, processing usually takes up to ten business days, or roughly two weeks. The provider itself names longer periods: during an investigation of suspicious activity on the account, when many requests come in at once, or when there are technical problems with a blockchain. Requests can also be cancelled if the system detects irregularities.

Double-check the destination address before you confirm. A wallet address is the public identifier to which coins are sent on a blockchain. A wrong address or the wrong network cannot be corrected once the coins have been sent.

Who sets the block rewards: game economics instead of proof of work

With bitcoin, the protocol determines how many new coins a block brings, and no company can change that amount. This process is called proof of work: whoever solves the computational puzzle first receives the reward, and every participant can verify this. At RollerCoin, the operator decides on the rewards. In the blog post mentioned above, RollerCoin writes that the size of the rewards is based on its own AI forecasts and is adjusted to market conditions.

The coins paid out are real coins on their respective blockchains. How many of them are distributed in the game, however, is a business-model decision, not the outcome of an open network. For you, this means that rewards, thresholds and league rules can change at any time, and you cannot verify whether the distribution follows a fixed rule.

Tax on RollerCoin earnings: the €256 exemption limit and the holding period

A mining game is not explicitly covered in the German Federal Ministry of Finance's guidance on crypto assets of March 6, 2025. Classification as other income under Section 22 No. 3 of the German Income Tax Act (EStG) seems likely, similar to rewards from staking or bonuses for tasks. An exemption limit of €256 a year applies to this. If all your income of this kind stays below it, the amount is tax-free; just one euro more makes the entire amount taxable.

What counts is the market value in euros of the coins at the time you receive them. That value also serves as the acquisition cost. If you later sell the coins you withdrew, the rules on private disposal transactions under Section 23 EStG apply: within one year of receipt, a gain is taxable provided all such gains in the year exceed €1,000; after one year, the sale is tax-free. Anyone deploying hashrate on a large scale should check whether the tax office will treat mining as a business.

Record every withdrawal with its date, amount and euro value. The withdrawal history in the game and the transaction on the blockchain are your proof. This classification is not tax advice; for larger amounts, a tax adviser can help.

Buying real coins: an exchange with a MiCA licence instead of game hashrate

If you want to hold DOGE or BTC, buying directly gets you there faster than a mining game. Since the EU's MiCA Regulation, crypto service providers in Germany need authorisation as crypto-asset service providers. Such a MiCA licence governs, among other things, how the exchange keeps customer funds segregated.

RollerCoin, by contrast, is a game. Your balance there is a claim against the operator until you withdraw it. For the coins you withdraw, you need two things: a wallet whose keys you control yourself and, for swapping into euros, an exchange authorised in the EU.

RollerCoin withdrawals: the threshold matters more than playing time

1. Check the threshold: look in the wallet section to see from what amount your coin can be withdrawn, and use your league share to work out the waiting time. For the later swap into euros, compare regulated crypto exchanges.
2. Prepare a wallet: set up your own wallet for the coin before you submit the request, and check the network. Suitable apps can be found in the software wallet comparison.
3. Keep records: log every withdrawal with its date and euro value so that you keep an eye on the exemption limit. Tax tools and portfolio trackers can help.

(As of November 11, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

Bitcoin trades at around $73,700, or roughly €66,000, on Wednesday morning, November 11, 2026, leaving it just above its 200-day moving average. What is established: money keeps leaving the US bitcoin funds, and BlackRock's iShares Bitcoin Trust (IBIT) has redeemed shares for seven trading days in a row, $1.66 billion in total. Our assessment follows further down: as long as these outflows do not reverse, the price lacks the buyer that would carry it back above last week's levels.

According to CoinGecko, the range over the past 24 hours ran from $72,744 to $74,896, a decline of just over 1 percent. Where the price could head over a horizon of months is covered in our Bitcoin price prediction. This piece is about the morning: the fund flows, the gap to the stock market and the levels that will decide Wednesday.

Bitcoin price on Wednesday morning: $73,700, 200-day moving average at $73,143

The 200-day moving average is the mean of the daily closing prices over the past 200 days. Many funds and traders read it as the line between an intact and a damaged uptrend. By our calculation from CoinGecko's daily data, it stands at $73,143 on Wednesday morning. The price is therefore only about $600, or 0.8 percent, above it.

The shorter averages sit well higher. The 20-day average stands at $78,107 and the 50-day average at $81,386, so bitcoin trades below both. It is a good 12 percent away from the highest daily close of the past 30 days, $84,082 on October 22.

For a year-on-year comparison: on November 12, 2025, bitcoin closed at around $103,100 according to the same data. Anyone who bought then is almost 29 percent down today. That matters for tax purposes, more on which below.

IBIT outflows: money has left BlackRock's bitcoin fund for seven straight trading days

The twelve US spot bitcoin funds lost a combined $201 million on Monday, November 9. That is shown by data from Farside Investors, analysed on Tuesday by Finwire, citing Cointelegraph. IBIT alone shed $213 million, while Morgan Stanley's fund (MSBT) took in $22 million and softened the outflow slightly. On the Friday before, the figure had still been $412 million, so the pace eased.

Over six trading days, outflows from all bitcoin funds add up to around $1.5 billion. IBIT has lost money every day since October 30, seven sessions in a row and $1.66 billion in total. Year to date, the funds stand at net outflows of $1.1 billion. In both 2024 and 2025 they had gathered around $25 billion each by early November. Complete figures for Tuesday were not yet available early on Wednesday morning.

Ether funds are losing money too: according to SoSoValue, around $185 million flowed out of the US spot ether funds on Monday, the largest daily outflow since October 6.

How a fund outflow pushes down the bitcoin price

A spot bitcoin fund holds actual bitcoin. When investors redeem shares, the issuer has to sell bitcoin through its trading partners or deliver it from its holdings in order to pay out the shares. At $213 million in a single day, that comes to just under 2,900 bitcoin at today's price. That is more than twice what the network creates in a day: since the 2024 halving, around 450 new bitcoin have been produced daily.

The mechanism works in both directions. In the months of inflows, the funds took more bitcoin off the market day after day than was newly created. Now that is reversing, and the selling pressure meets a market in which retail investors are holding back as well. According to the analytics firm Santiment, the bitcoin network has lost around 108,700 addresses holding a balance since October 16, as CoinDesk reported on Tuesday.

Since Tuesday: bitcoin fell to $72,744 and climbed back above the line

Our Bitcoin price article from Tuesday morning gave $74,600 as the starting point, $75,500 as the level to the upside and $73,636 to the downside. The upper level was not reached, with the daily high stopping at $74,896. The lower level, however, gave way: after the US consumer price figures for October came in higher than expected, bitcoin slid to $72,744 over the past 24 hours and so briefly dropped below the 200-day moving average.

Two things are new since then. First, the price has not given up the line and has returned above it; a daily close below it has yet to happen. Second, the picture in the rates market has hardened, because a member of the US Federal Reserve is openly backing a rate increase in December. On Monday the line stood at $73,170; today it is at $73,143, so it is edging lower as well.

Stocks versus bitcoin: the S&P 500 rises as bitcoin decouples from the Nasdaq

The start of the week on Wall Street was striking. According to CoinDesk, the S&P 500 had its best day since April 8 on Monday, and the Nasdaq Composite gained 2.7 percent. Bitcoin did not follow. For weeks the price had tracked Nasdaq futures closely; it fell with them on October 30 and again during the sell-off in AI stocks the week before. That link now only holds on the way down.

A second finding fits the picture: Brent crude fell below $90, for the first time since August. Falling energy prices ease inflation, which normally helps every asset that thrives on low interest rates. That bitcoin is not benefiting from this either suggests the pressure is coming from within its own market, from the funds and from the retreat of small investors.

Fed rate hike in December: Waller pushes the FedWatch probability to 96 percent

The tone for the rates market was set on Tuesday by Christopher Waller, a governor of the US Federal Reserve. Speaking at the Bank of England Watchers Conference in London, he said, according to Cointelegraph: "I would still support a 25 basis point increase in the FOMC's policy rate at our December meeting." Should inflation come in markedly higher than he expects, a larger step could also become necessary.

The CME's FedWatch tool, which derives expectations from interest rate futures, then jumped from 76.3 to 96.3 percent for a 0.25 percentage point increase on December 9. Other sources put the figure lower, at around 84 percent after the inflation data; the spread shows how quickly expectations are moving at the moment. For bitcoin this is a headwind: higher rates make safe assets more attractive and raise the cost of the loans traders use to leverage their positions.

Fear and Greed Index at 29: sentiment stays in fear territory

The Fear and Greed Index from alternative.me measures market sentiment on a scale from 0 to 100, based on volatility, trading volume, social media and dominance. On Wednesday it stands at 29, down from 32 on Tuesday. On Saturday, November 7, it was at 25, in the extreme fear zone, and as recently as November 5 it showed a neutral 50. Our Fear and Greed chart shows how it has moved.

A low reading is not a buy signal in itself. It describes a market in which many participants are cautious and selling prevails. The jump from 50 to 25 within two days last week stands out: sentiment flipped faster than the price fell.

Resistance at $75,451, support at $73,143: the bitcoin levels

To the upside, the first level is the daily high of $74,896. Above that comes $75,451, Strategy's average purchase price, which our Bitcoin price prediction from Tuesday evening described as a boundary. Only a close above it would interrupt the downward move that began on October 22. The next hurdle after that is the 20-day average at $78,107.

To the downside, the 200-day moving average at $73,143 is the decisive level, with the 24-hour low of $72,744 beneath it. If that breaks as well, the zone around $72,000 comes into view, which Tuesday's Bitcoin price prediction named as the next support. If you trade with leverage, you do not place your stop directly on one of these round levels: many orders sit there, and a brief swing like Tuesday's triggers them all at once.

Leverage and liquidation below the 200-day moving average

A liquidation occurs when the collateral behind a leveraged position is no longer sufficient and the exchange closes it by force. At 10x leverage, a decline of around 10 percent, to about $66,300 from today's price, is enough to wipe out a long position without a margin top-up. At 20x, a drop of around 5 percent to about $70,000 already does it. If you are leveraged, check the liquidation threshold in your account today and decide whether to add collateral or reduce the position.

Bitcoin funds in Germany: why IBIT does not end up in German portfolios

The US funds that are getting so much coverage right now generally cannot be bought by retail investors in Germany. They lack the key information document required under the European PRIIPs Regulation, without which banks and brokers cannot offer them to small investors. Anyone who wants to hold bitcoin in a securities account turns to exchange-traded products from European issuers, usually ETNs or ETPs backed by bitcoin. Which products exist, and what matters on costs and custody, is set out in our overview Buying crypto ETFs in Germany.

Buying bitcoin directly works through a crypto exchange or a broker. Since the European MiCA Regulation, providers serving customers in Germany need a licence as a crypto-asset service provider. A list of vetted providers with fees and licence status can be found in our crypto exchange comparison.

Holding period and loss offsetting with bitcoin below $75,000

In Germany, gains from bitcoin are tax-free if more than one year passes between purchase and sale. Anyone who sells earlier pays tax on the gain at their personal income tax rate, provided all private disposal gains for the year together reach €1,000. The current state of the debate over this holding period is tracked on our page on the status of the crypto holding period reform.

The decline has a second side. Anyone who bought at higher prices within the past twelve months and sells now realises a loss. That loss can be offset against gains from other private disposal transactions in the same year or carried forward to later years. Someone who got in at around $103,000 in November 2025, for example, is almost 29 percent below that today and only has until the anniversary of the purchase: after that a sale is tax-free, but a loss can then no longer be offset either. A tax tool that imports purchase data from the exchanges shows which holdings reach the deadline when.

Our assessment: the 200-day moving average only holds with new buyers

In the newsroom's view, Wednesday will be decided less by the chart than by the fund data for Tuesday. The mechanics support this: seven days of IBIT outflows totalling $1.66 billion have cost the market more bitcoin than was newly created over the same period, and retail investors are not buying the dip, according to Santiment. A stock market in positive territory and a falling oil price did not close that gap on Monday.

Against this, the pace has slowed, from $412 million on Friday to $201 million on Monday, and the price returned above the line after slipping below $73,000. If Tuesday's figures show the first inflow since October 30, the 200-day moving average would have a reason to hold. If they show an eighth day of outflows at IBIT, a close below $73,143 would become more likely. This is an assessment of the situation, not a recommendation to buy or sell; bitcoin can fall sharply at any time, up to a total loss of the money invested.

Bitcoin ahead of the fund data: the 200-day moving average remains the test

1. Settle how you buy: if you want to add to your position, use a MiCA-licensed provider and compare trading fees and spreads beforehand in the exchange comparison.
2. Record your tax position: transfer purchase dates and entry prices for all holdings into a crypto tax tool, so that holding periods and possible losses are visible before year-end.
3. Spread your entry rather than betting on one level: if you are unsure whether the 200-day moving average will hold, you can spread the purchase over several dates with a bitcoin savings plan.

(As of November 11, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

What is confirmed: in the NEAR AI hack, an attacker exploited a flaw in the inference software SGLang to obtain the names and email addresses of around 100 users, in some cases also their plan and account balance, along with chat histories, settings and logs from 18 AI agents. The NEAR AI incident report makes no mention of stolen coins, wallets or private keys; the target was the company's AI service, not the NEAR Protocol blockchain. Our assessment follows further down: the biggest risk for users now comes from phishing messages built on exactly this data.

NEAR AI published the report on November 9, and the trade outlet Decrypt picked it up on November 10. If you have a NEAR AI account, run agents through the service or simply hold NEAR tokens, this piece sets out what is known, what remains open and which steps make sense now.

What happened in the NEAR AI hack via the SGLang flaw

The way in was a remote code execution vulnerability, meaning a flaw that lets an outsider run their own code on a machine from afar. It sat in SGLang, the open-source software NEAR AI uses to run its language models on its own servers. The attacker was able to execute commands on a single inference server and work their way further into the company's infrastructure from there.

According to the report, the intruder reached an internal system behind Private Chat, a feature NEAR AI had already discontinued. The attacker also accessed 18 agents on an older deployment of NEAR AI Agents. These agents were not running in the confidential computing environment the company otherwise promotes.

After discovering the breach, NEAR AI says it revoked all active sessions and administrator access, replaced every agent token, took Private Chat offline and patched the SGLang flaw on all inference servers. All remaining credentials have since been rotated, a forensic review has been completed and access to NEAR AI Cloud has been restored. The company does not say which SGLang vulnerability was exploited. It says it has reported it to the SGLang developers.

Which data the attacker took from NEAR AI

The report distinguishes between confirmed access and a residual risk. These records are confirmed:

• Account data: email address and name of around 100 users, and for some of these accounts also the subscribed plan and the balance held with the service.
• Agent data: chat history, settings and logs of 18 agents on the older agent platform.
• API keys: the logs contained the NEAR AI Cloud API keys of two cloud customers. An API key is a digital access code that programs use to log in to a service. NEAR AI has revoked both keys; the report leaves open whether the attacker used them.

The residual risk concerns November 8. On that day the attacker could have observed requests being processed on the compromised server at the time, including those in confidential mode. NEAR AI says it found no sign of access to stored Private Chat conversations or uploaded files.

One point matters for reading the account balance correctly: it refers to credit for the AI service, in other words what a user has deposited with NEAR AI for model calls or a subscription. A balance in this sense is not a wallet address and not a key. It does, however, tell a fraudster who is a paying customer, and that is precisely what makes the data valuable for targeted deception.

Are NEAR coins and wallets affected by the security incident?

Based on everything NEAR AI and Decrypt report, no. The incident played out on servers that run language models. The NEAR blockchain, its validators and its smart contracts do not appear in the report, and neither do seed phrases, private keys or drained tokens. If you hold NEAR in your own wallet or on an exchange, there is no need to move anything.

The structure helps draw the line. NEAR Protocol is a layer-1 blockchain with its own token, which we describe in detail in our guide NEAR Protocol explained: sharding, staking and the use of the NEAR token. NEAR AI is the AI branch around this ecosystem; the service is operated by Jasnah Inc. and sells private AI computing power. A leak at NEAR AI is therefore a leak at a service provider, comparable to a data incident at a hosting company, and not a fault in the protocol.

The case at the end of September was different. Back then, NEAR Intents halted withdrawals after an exploit of around $3.8 million, as cryptoticker.io reported on October 1 in NEAR Intents halts withdrawals after $3.8 million exploit. That involved funds in an application within the ecosystem. The current incident involves personal and usage data.

The market shows no move of its own. According to CoinGecko, NEAR traded at €3.19 on Tuesday evening, about 2 percent below the previous day and a good 37 percent below its level 30 days ago. That decline started long before the report and tracks the weak overall market; in early November we had already classified it as a price effect in NEAR Protocol falls to $3.70.

What SGLang is and why an inference engine became the entry point

SGLang is an open-source inference engine. Inference is the step in which a fully trained AI model takes a request and produces an answer. The engine loads the model into the memory of the graphics cards, distributes the requests and delivers the answers. Many AI providers use SGLang because the software is fast and supports open models directly.

That very position makes it sensitive. An inference engine sees every request in plain text, because the model has to process the text. Anyone who can run code on that server therefore sits at the point where confidential data is necessarily exposed.

The problem is not new. Decrypt points out that the CERT Coordination Center at Carnegie Mellon University flagged vulnerabilities in SGLang back in July, including flaws that, depending on the server configuration, could allow commands to be executed or credentials to be read. Whether the attacker used one of these flaws is unclear, because NEAR AI does not name the specific vulnerability.

Confidential computing and TEE: where hardware isolation ends

NEAR AI's business model rests on confidential computing. Calculations run in a trusted execution environment, or TEE for short: an area sealed off by the processor that not even the server operator can look into. Prompts are meant to stay encrypted and isolated while the model processes them. According to Decrypt, Brave's browser assistant Leo also uses this infrastructure for one supported model; the report does not, however, list Brave users among those affected.

The incident shows the limit of this approach, and NEAR AI names it itself. Confidential computing protects data from the operator and the host, the company writes, but it does not protect against a vulnerability in the software running inside the environment. That is exactly what happened: the SGLang flaw let the attacker execute code inside an inference server, at the very point where requests are processed in decrypted form.

An analogy makes this tangible. A TEE is like a vault with an armoured door. The door keeps out anyone coming from outside. But if an employee inside lets a stranger control them remotely, the door is useless. In this picture, SGLang is the employee.

NEAR AI says it will in future audit the inference software and the services around the isolated environment as strictly as the environment itself. According to the company, the code, dependencies and configuration of its confidential inference remain public so that third parties can verify what runs there.

Phishing after the data leak: the typical scams with a NEAR AI angle

Phishing refers to fraudulent messages that pose as a trusted sender in order to obtain login details, keys or payments. With a name, email address, plan and account balance, scammers have exactly the material that makes such a message credible. NEAR AI therefore explicitly advises treating unsolicited messages that refer to your account or balance with caution. The company has contacted affected users directly, and the owners of the 18 agents individually.

Data leaks at other crypto services have produced a few well-known patterns. They tend to resurface after incidents like this one:

• The supposed security check: an email styled like NEAR AI asks you to re-verify your account via a link, or your balance will be frozen.
• The compensation offer: affected users are promised restitution in NEAR tokens and asked to connect their wallet or sign a transaction for it. With such a signature, victims often unknowingly grant approval over their tokens.
• The support call: a supposed staff member correctly states your name and plan and asks for a confirmation code or your seed phrase.
• The migration: after the incident, all agents or balances supposedly have to move to a new address supplied in the message.

None of these scams works if you stick to one simple rule: no reputable provider will ever ask for your seed phrase or private key, whether by email, phone or chat.

How to protect your NEAR account and seed phrase after the incident

The following steps take little time and cover the realistic consequences of the data leak:

Contact NEAR AI only through the official website

Open the NEAR AI website yourself via the address bar or a saved bookmark instead of following links in messages. That is where the incident report is published and where you reach genuine support. With every email, check whether the sender address really belongs to the provider's domain.

Renew your password and API keys

If you use NEAR AI Cloud, it is best to create new API keys and delete the old ones, even if your account is not one of the two named. If you have used your NEAR AI password elsewhere, change it there too and enable two-factor authentication wherever the service offers it.

Keep wallet and seed phrase separate

The seed phrase is the sequence of words from which all keys of a wallet can be restored. It belongs offline on paper or a metal plate, never in a chat, an AI assistant or a cloud document. Anyone holding larger NEAR amounts is better off storing them on a hardware wallet; our hardware wallet comparison shows which devices support NEAR and what they cost.

Review signatures and approvals

Do not sign any transaction whose purpose you do not understand. If you have responded to a suspicious message in recent days, check in your wallet's explorer which approvals and access keys sit on your NEAR account, and remove any unknown entries.

GDPR rights after the NEAR AI incident: access and complaints

For users in Germany, the General Data Protection Regulation, or GDPR, generally also applies to providers outside the EU if they offer their services to people in the EU. NEAR AI says it will make the required notifications to authorities; the report does not say which supervisor this concerns.

Regardless of that, Article 15 GDPR gives you a right of access: you can find out from the provider what data it holds about you and whether it was caught up in the incident. Under Article 17 you can request deletion if you no longer use the service. If you receive no answer or an inadequate one, you can lodge a complaint with the data protection authority of your federal state. A written request by email to support is enough; keep the reply.

A claim for damages under Article 82 GDPR requires concrete harm. With around 100 people affected and no sign of financial losses, the scope is narrow; anyone who actually loses money through a phishing message using the stolen data should document the case and report it to the police.

NEAR Protocol after the Intents exploit and the AI data leak: our assessment

For the NEAR ecosystem it is the second security incident within six weeks, even though the two cases have nothing to do with each other technically. The Intents exploit hit funds in an application, the current incident hit data at an AI service.

Our assessment: the damage is limited, the effect on trust in the promise of private AI is not. It is confirmed that the number of people affected is small, at around 100 accounts and 18 agents, that no tokens were drained and that NEAR AI disclosed the cause, scope and countermeasures within a short time. It is equally confirmed that the company sells privacy as its core product and that requests in confidential mode may nevertheless have been visible on November 8. For investors, this means the report contains no reason to sell NEAR tokens because of this incident. Arguing against that reading: the investigation does not quantify the exact number of observed requests, and any link to the price trend would only show up over weeks. This is not a buy recommendation; crypto assets can fall all the way to a total loss.

Other factors remain decisive for the price: the state of the overall market, activity on the blockchain and demand for NEAR applications. Our NEAR price prediction collects scenarios on this. How quickly attacks on devices and wallets are currently piling up is also shown by the iOS flaw from the start of the week, which we described in iOS vulnerability worse_query.

NEAR AI data leak: the danger now arrives by email

The incident itself is contained; the consequences for those affected are only beginning. Three steps are enough to avoid phishing and costly mistakes:

1. Check the trading venue: if you buy or sell NEAR, do it on an exchange with EU authorisation under MiCA rather than via links in messages. Our comparison of regulated crypto exchanges shows which providers hold a licence.
2. Keep keys offline: store larger holdings on a device that never exposes the keys to the internet. Models and prices are listed in the hardware wallet comparison.
3. Secure your everyday wallet: for smaller amounts, an app wallet with PIN, biometrics and a carefully noted seed phrase is enough. The software wallet comparison shows which apps support NEAR.

(As of November 10, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

Crypto crash live, Tuesday, November 10, 2026, 9:36 p.m. ET: The crypto market is down 1.9 percent to $2.44 trillion after hotter-than-expected US inflation data pushed traders to price a Federal Reserve rate hike in December. Bitcoin fell to $72,748 at 12:40 p.m. ET, its lowest level since August 20, and now trades at $73,348. The altcoins took the heavier hit: Solana is down 3.2 percent at $83.09 and has lost a quarter of its value in 30 days, and Aave dropped 5.4 percent to $123.79, almost three times as much as Bitcoin. On Wall Street, Nvidia fell 5.5 percent. Within 24 hours, $728 million in leveraged positions were wiped out, 80 percent of them bets on rising prices.

We update this live ticker through the US evening. The standing answer to why crypto falls, with the six forces behind almost every sell-off and the timeline of the 2026 drops, is on our page Why is crypto down today?

Crypto crash: the key numbers at 9:36 p.m. ET

• Bitcoin: $73,348, down 1.9 percent in 24 hours and 12.5 percent in 30 days, according to CoinMarketCap
• Ethereum: $2,052, down 3.1 percent in 24 hours, day low $2,010
• Solana: $83.09, down 3.2 percent in 24 hours, 9.1 percent in 7 days and 25.8 percent in 30 days
• Aave: $123.79, down 5.4 percent in 24 hours and 27.1 percent in 30 days
• Nvidia: closed 5.5 percent lower at $168.80; on crypto exchanges the Nvidia perpetual kept trading and stood at $172.40
• Liquidations: $728.2 million in 24 hours across 117,390 traders, $579.94 million of it long positions, according to CoinGlass
• Fear and Greed Index: 29, fear, down from 32 a day earlier, according to alternative.me
• Fed: a quarter-point rate hike on December 9 is now the base case in futures markets

Crypto crash live updates: how November 10 unfolded

9:36 p.m. ET: A quiet but nervous evening. Bitcoin trades at $73,348, back above its 200-day average of about $73,150, which it lost briefly at the afternoon low. The pressure has turned: in the past four hours, CoinGlass counted $15.9 million in liquidated short positions against $8.5 million in longs, so traders betting on a deeper fall are now the ones being squeezed, on a small scale. Nvidia's perpetual contract trades at $172.40 on crypto venues, 2.1 percent above Tuesday's close of $168.80, ahead of the regular open at 9:30 a.m. ET on Wednesday. The Fear and Greed Index stays at 29.

7:30 p.m. ET: quiet charts, nervous screens. Bitcoin holds at $73,573, and the Fear and Greed Index slipped to 29 with the new day's reading, from 32. In the past hour, $2.46 million in positions were liquidated, $2.17 million of it short positions: the bounce keeps squeezing traders who bet on a further fall, CoinGlass shows. Wall Street is closed, but Nvidia is not: on crypto exchanges the Nvidia perpetual traded at $170.69. Why that matters is explained further down.

6:30 p.m. ET: a shaky bounce, and late short sellers are paying. Bitcoin has climbed 1.1 percent from its low, Solana 1.4 percent and Aave 2.1 percent. In the last four hours it was short sellers, not buyers, who were forced out: of $19.6 million in liquidations, $14.1 million hit short positions, CoinGlass shows. Open interest in crypto futures is down 2.1 percent to $126.7 billion, so leverage has been cleared, not rebuilt.

4:00 p.m. ET: Wall Street closes lower, the bond market sends the warning. The S&P 500 ended 0.38 percent lower at 7,520.93 and the Nasdaq 0.74 percent lower at 25,065.88, with Nvidia down more than 5 percent, according to Yahoo Finance. The sharper move was in Treasuries: the two-year yield jumped 17 basis points to 4.73 percent, and the ten-year rose 10 basis points to 4.98 percent after briefly trading above 5 percent, as the Capp Notes closing recap shows.

12:40 p.m. ET: Bitcoin hits the low of the day at $72,748. That is the lowest price since August 20, and it sits right on Bitcoin's 200-day average of $73,154, calculated from CoinMarketCap daily closes. Thirty minutes earlier, at 12:10 p.m. ET, Solana bottomed at $81.82, its lowest level since August 19, and Aave at $121.21.

10:45 a.m. ET: Ethereum touches $2,010. Ether came within $10 of the $2,000 mark, its lowest level since August 19. Ether positions make up the largest share of the day's liquidations: $257.6 million, ahead of Bitcoin with $204.6 million.

9:30 a.m. ET: the opening bell adds pressure. As US stocks opened, Bitcoin slipped to $73,698 and Solana to $83.61. A short rebound to $74,298 at 10:00 a.m. ET did not hold; by 11:00 a.m. ET Bitcoin was back at $73,153.

8:30 a.m. ET: the CPI shock. The Bureau of Labor Statistics reported that consumer prices rose 0.4 percent in October and core prices, which exclude food and energy, 0.3 percent, each a tenth of a point above forecasts (BLS release). Within five minutes Bitcoin fell from $74,278 to $73,883, and Ether lost 1.5 percent. Our analysis of the October CPI and the December hike covers the report in detail.

Biggest crypto losers: 24 hours, 7 days and 30 days

The crypto crash is broad: only 28 of the 86 largest cryptocurrencies, excluding stablecoins and wrapped tokens, are up over 24 hours. The biggest daily loser is Pieverse with 16.3 percent. Over seven days, XRP, Worldcoin and LayerZero lost between 14.9 and 16.0 percent each. The 30-day list shows where the real damage sits: Worldcoin lost 44 percent, Aero 42 percent and the AI token FET 39 percent.

Ranked among the 100 largest cryptocurrencies by market value on CoinMarketCap at 9:36 p.m. ET; stablecoins, wrapped and liquid staking tokens excluded.

Why is crypto crashing today? Markets now price a Fed hike, not a cut

The crypto crash today is a rates story. Even before the inflation report, traders leaned towards a hike at the Fed's meeting on December 9: after Friday's jobs report, the CME FedWatch tool put the chance of a quarter-point move at 76.8 percent, 24/7 Wall St. reported. By Tuesday's close, FedWatch priced a quarter-point hike at 88 percent and a half point at 11 percent. A quarter-point hike would lift the federal funds target range from 3.75 to 4.00 percent to a range of 4.00 to 4.25 percent.

Higher rates hit crypto through two channels. Safe yields compete with risk: a two-year Treasury now pays 4.73 percent without any price risk. And leverage gets more expensive: when prices fall, traders who borrowed to bet on rising prices are forced out, and their forced sales push prices further down. That is why 81 percent of today's liquidations hit long positions. Spot Bitcoin ETFs added to the pressure before today: they recorded $1.28 billion in net outflows last week, the most since June, according to FXStreet. How Bitcoin behaved the last time the Fed turned this hawkish, in 2022, is in our piece on Bitcoin in a financial crisis and recession.

Why is Solana down today? A high-beta coin in a risk-off market

Solana is down today because it moves harder than the market in both directions; no Solana-specific shock was behind the drop. SOL fell 4.1 percent against 2.2 percent for Bitcoin, extending a slide of 11.2 percent over 7 days and 25.3 percent over 30 days. At $82.95 it trades 6.8 percent below its 200-day average of $88.99 and 22 percent below its 50-day average of $106.71, based on CoinMarketCap daily closes. Leverage made it worse: of $37 million in Solana liquidations within 24 hours, more than 96 percent were long positions, according to CoinGlass.

The fundamental news around Solana is not negative: Formation is targeting 2027 for tokenized stocks on the network, as our report on tokenized stocks on Solana shows. In a market that is repricing interest rates, news like this does not carry the Solana price. The line traders watch is the August low: on August 19, SOL traded as low as $76.62.

Why is Aave down today? DeFi yields lose against Treasuries

Aave is down 6.1 percent today, almost three times as much as Bitcoin, and DeFi as a whole lost 4.5 percent of its market value to $71.7 billion, according to CoinMarketCap. Aave sits at the center of on-chain lending, and that business competes directly with US rates. Lenders currently earn about 4.2 percent on USDC and about 3.6 percent on USDT at Aave V3 on Ethereum, according to DefiLlama, less than the 4.73 percent a two-year Treasury yields after today's jump. Our assessment: as long as the Fed is hiking, that spread works against DeFi lending, and the governance token of the largest lending market feels it first.

The deposits are holding up better than the token. Aave's total value locked fell 2.4 percent since Monday to $16.19 billion, according to DefiLlama, while the AAVE price lost 27.8 percent in 30 days. The token now trades 17.5 percent below its 50-day average of $150.08, but still 13 percent above its 200-day average of $109.36. How the protocol works is explained in What is Aave?

Nvidia stock falls 5.5 percent and trades like a meme coin around the clock

The crypto crash met a second shock on Wall Street. Nvidia, a company worth more than $4 trillion, fell 5.5 percent to $168.80 on Tuesday, its second loss in a row, on volume more than three times its three-month average, according to Motley Fool. The trigger is not the chip business. Reports of a potential foreign intelligence operation involving CEO Jensen Huang have prompted an independent board investigation, and in an email to staff Huang said he had been "unfaithful" to his wife. None of the allegations is proven, and a shareholder class action has been filed, CNBC reports. The next test is the quarterly report on Tuesday, November 17, after the close, as Nvidia announced.

What would have been unthinkable a few years ago now shows up in crypto liquidation data. Nvidia trades around the clock as a perpetual future on crypto exchanges, with leverage and settled in stablecoins, and its traders get liquidated like memecoin traders. In 24 hours, CoinGlass counted $7.82 million in liquidations on the xyz:NVDA contract, which runs on Hyperliquid, and another $4.8 million on other Nvidia perpetuals, plus $12.4 million on SanDisk and $10.7 million on SOXL, a triple-leveraged chip-stock ETF. Tokenized stocks are already accepted as collateral on crypto platforms, as our report on tokenized stocks as collateral shows.

The same goes for companies that are not even listed yet. About $250 million traded in 24 hours in two Hyperliquid contracts tracking Anthropic ahead of its IPO; the price implied about $98 per share and a market value of roughly $1.7 trillion, more than 30 percent above the $70 to $78 range in the prospectus, CNBC reports. These contracts are not shares and are not available to US investors. How the actual IPO works is in our guide how to buy Anthropic stock. Stocks behave like tokens, and tokens like stocks: that is the market crypto investors live in now, and leverage is what turns a 5 percent day into a wipe-out.

Going long in a crypto crash: what leverage did to Bitcoin traders on November 10

Every crash is also a trade. Traders who expect a rebound go long, either by buying coins on the spot market or with perpetual futures, which multiply every move with leverage. November 10 shows both sides of that bet: leverage turned a 2 percent drop in Bitcoin into a total loss for the most aggressive longs, while the same move paid shorts 20 percent on their margin.

The table follows a Bitcoin long opened at $74,278, the price when the inflation data came out at 8:30 a.m. ET, down to the low of $72,748 at 12:40 p.m. ET.

Based on CoinMarketCap five-minute prices and a maintenance margin of 0.5 percent, before fees and funding.

A 100x position is wiped out by a move of half a percent against it, and Bitcoin delivered that within five minutes of the CPI release. That is how CoinGlass came to count about $580 million in liquidated long positions within 24 hours, roughly four times the amount on the short side.

The same move paid the other side. A short opened at the release was up 2.1 percent at the low, or 20.6 percent on margin with 10x leverage. A long opened exactly at the low is up 1.3 percent at 8:50 p.m. ET, 13.5 percent with 10x leverage. Nobody catches the exact bottom, which is why many traders buy a crash in steps and size their leverage so that a normal daily swing cannot liquidate them. How margin, liquidation and funding work is explained in our guide to leverage trading in crypto, and how exchange contracts differ from CME contracts in Bitcoin futures explained.

Where you can trade depends on where you live. Since July 2025, US residents can trade CFTC-regulated perpetual-style futures on Bitcoin and Ether at Coinbase, launched with up to 10x leverage, as The Block reported.

Advertisement: Crypto futures trading: Bitget offers leverage of up to 100x. Leverage can lead to high losses. Our exchange comparison shows more platforms.

Crypto crash: the levels and dates that matter now

For Bitcoin, the 200-day average around $73,150 is the line of the week. Market maker Wintermute calls the $73,000 zone key support; a daily close below it could open a move towards $68,000, and only a sustained daily close above $80,000 together with renewed ETF inflows would turn the picture constructive, FXStreet reports. Our Bitcoin price prediction for the $72,000 zone walks through the chart.

What's coming this week: Veterans Day, PPI and Nvidia earnings

After the CPI shock, the next days decide whether the hike becomes a done deal. On November 11, Veterans Day, the US bond market is closed while stocks trade normally, according to the SIFMA holiday schedule, so the first real tests come on Thursday and Friday.

• Wednesday, November 11: Veterans Day, bond markets closed, no major US data scheduled
• Thursday, November 12, 8:30 a.m. ET: weekly jobless claims, forecast 194,000 after 189,000; Fed speakers Hammack, Goolsbee, Daly, Schmid and Williams follow through the day
• Friday, November 13, 8:30 a.m. ET: October producer prices, forecast plus 0.4 percent after 1.3 percent, core plus 0.3 percent after 0.7 percent, according to FXEmpire; a second hot inflation print would harden the hike odds. Fed speakers Collins, Bowman and Daly
• Tuesday, November 17, after the close: Nvidia's third-quarter results, conference call at 5 p.m. ET
• This month: Anthropic's Nasdaq listing under the ticker ANT, with a range of $70 to $78 per share in the updated prospectus
• Wednesday, December 9: the Fed's rate decision

The market has already flushed a large share of its leverage, which made the evening bounce possible. Other coins show how thin the support is: Zcash lost 16 percent in under two hours on Tuesday, as our Zcash report shows, and Dogecoin trades at its lowest level since November 2023 (Dogecoin price at $0.067).

Crypto crash and retirement: how to plan in a 24/7 market

Look at the world this sell-off reveals: a $4 trillion chipmaker trades at night with leverage on crypto exchanges, a company that has not listed yet is valued at $1.7 trillion by a perpetual contract, and one inflation number liquidates more than 117,000 traders in a day. For retirement money, the lesson runs the opposite way of the trading screen.

• Keep retirement money and trading money apart. Leverage has no place in retirement savings; today 80 percent of all liquidations hit traders betting on rising prices.
• Safe yields are back. A two-year Treasury pays 4.73 percent. The safe part of a portfolio earns money again, so the rest needs to carry less risk to reach the same goal.
• Size crypto so that a bad month does not change your plan. Solana and Aave lost about a quarter of their value in 30 days, Worldcoin 44 percent. Our guide on Bitcoin for retirement works through position size and the timing of withdrawals.
• Buy on a schedule, not on headlines. Regular purchases spread your entry over good and bad days; our comparison of Bitcoin savings plans lists the providers.
• Know what you own. A tokenized share or a perpetual contract is not the share itself, and a pre-IPO contract is not an IPO allocation.

What it means for you: A sell-off driven by interest rates rarely ends with one data release. Leverage turns a 2 percent drop into forced selling, so position size matters more than timing. If you buy or sell during the volatility, use a regulated platform with clear fees: our crypto exchange comparison lists the major platforms, and the comparison of regulated crypto exchanges shows the providers licensed under MiCA. This live ticker is market information, not investment advice; crypto assets can lose value quickly.

The Shiba Inu price stood at $0.00000443 late on Tuesday evening, November 10, 2026, roughly €0.00000397. Over 24 hours SHIB has lost practically nothing, while Bitcoin gave up about 2 percent to $73,735 and Dogecoin a little over 3 percent to $0.0678, according to market data from CoinGecko. The real news of the day is not a price, however. According to a report by U.Today, at least 137 counterfeit tokens are circulating that dress themselves up with the name of SHIB's anonymous founder, Ryoshi.

For SHIB holders in Germany this leads to a concrete check that belongs before every purchase and before any interaction with an unknown token in the wallet: who actually signed the transaction, and does the contract address match the genuine SHIB contract? This article puts the price in context, explains how the fake transfers come about and shows the levels SHIB will be measured against in the coming days.

Shiba Inu price on Tuesday evening: sideways while Bitcoin slips

The trading range over the past 24 hours ran from $0.00000432 to $0.00000447. That is a swing of a little over 3 percent between low and high, an unusually quiet day for a meme coin. Trading volume came to about $50 million, in line with the previous week, when daily figures moved between $34 million and $63 million.

The longer view remains weak. Over seven days SHIB has lost 4.6 percent, over 30 days 19.6 percent and over the year almost 56 percent. The token trades almost 95 percent below its all-time high of $0.00008616 from October 2021. Market capitalisation is about $2.6 billion, enough for 38th place among cryptocurrencies. Around 589 trillion SHIB are in circulation.

That SHIB does not give way on a day when Bitcoin and Dogecoin fall is notable, but it is not yet a trend signal. A single day of relative strength says little as long as the price remains below its moving averages. The average of the last 50 daily closes stands at $0.00000519, the 100-day average at $0.00000513. Both are more than 15 percent above the current price.

137 fake tokens under Ryoshi's name: what the report shows

The trigger was Mazrael, a long-standing member of the SHIB community, whose analysis U.Today picked up on Tuesday around midday. According to it, at least 137 tokens use Ryoshi's name or circle to appear legitimate. By that count, more than 9,131 fake transfers have run through these tokens, and more than 2,500 wallets are affected. Among the names are three tokens called "SHIBA INU2.0", three fake "Shibarium" tokens, one "BONE2.0", three "UNLEASHED DAO" tokens and one token simply named "Ryoshi".

The core of the analysis concerns the address that issued SHIB on Ethereum in 2020. This deployer address begins with 0xB8f2 and ends in FA08. According to the report, it has not sent a single transaction since October 2021, has created only one contract, SHIB itself, and has never left a public signed message. Mazrael sums it up this way: "The SHIB deployer never signed anything."

A deployer is the address that puts a smart contract on the blockchain. Whoever creates the contract signs that first transaction with their private key. If a transfer appears in a wallet history that seems to come from this address, even though it has been dormant for years, that is a strong warning sign.

The report also makes clear that the projects around SHIB do not all come from the same hand. LEASH was created by a different address, which is also behind the StarLink project, BONE by shiba-swap.eth according to Mazrael, and TREAT came from yet another deployer. Anyone promoting a new token as coming "from the Ryoshi wallet" is therefore claiming something that cannot be shown on the blockchain.

How fake transfers end up in the Etherscan history

An ERC-20 token is a program on Ethereum that manages balances and emits an event called Transfer with every movement. This event contains three pieces of information: sender, recipient and amount. Block explorers such as Etherscan and many wallets read exactly these events and display them as incoming payments.

The catch lies in the code. A malicious contract can emit a Transfer event with a sender of its choosing, without that address having done anything at all. The history then appears to show "from 0xB8f2…FA08", even though the transaction was sent and signed by a completely different address. That is why the second piece of advice in the report reads, word for word: "Always check who signed the transaction, not what the token says."

The goal of such campaigns is almost always the same. The recipient is meant to take the unknown token for a gift from the founder's circle, want to sell it and, in the process, grant an approval on a rigged website. Such an approval allows a third-party contract to move tokens out of your wallet. The fake token therefore only becomes dangerous through your own signature, not through its mere arrival in the wallet.

The genuine SHIB contract: how to verify the address before you buy

The genuine Shiba Inu token on Ethereum has the contract address 0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE. On Etherscan it carries the name SHIBA INU, the ticker SHIB and 18 decimals, and its source code is marked as verified there. The page counts almost 1.7 million addresses holding SHIB. Among the parameters used to create the contract, the owner listed is exactly the address 0xB8f2…FA08 from the report.

This gives a simple sequence. First, for every token with "SHIB" in its name, you compare the contract address character by character with the genuine address above, not just the beginning and the end. Second, for an unexpected incoming transfer, you open the transaction itself and read its "From" field, not the sender shown in the token event. Third, you leave a token you did not buy untouched: no sale, no swap, no approval. An unknown token that you ignore costs you nothing.

Buying SHIB through an exchange largely sidesteps this problem, because the exchange has the genuine contract on file. The check becomes relevant as soon as you move SHIB to a wallet of your own or trade on a decentralised exchange, where anyone can list a token under any name.

Since Monday: the July low at $0.0000041 has held

On Monday, our article on the Shiba Inu price at its July yearly low asked whether SHIB would defend the zone around $0.0000041. That is where the lowest daily close of the past 120 days was set on July 17, at $0.00000411. After one day the answer is cautiously positive: Monday closed at $0.00000436, and Tuesday's intraday low was $0.00000432. The level itself was not even tested.

What has changed since then is mainly the situation on exchanges. On Monday, according to data reported by U.Today, exchange holdings stood at 86 trillion SHIB. On Tuesday the same outlet, citing CryptoQuant, reported a net outflow of about 114.6 billion SHIB from exchanges. A net outflow means that more tokens were withdrawn from trading venues than deposited. This is generally seen as a sign that less supply is available for immediate sale.

The scale puts the figure in perspective, though. At $0.00000443, 114.6 billion SHIB is worth about $508,000 and a little over 0.13 percent of exchange holdings. A single day of outflows does not turn the picture around, but it does confirm that selling pressure from the start of the week has not increased further.

Levels on the SHIB chart: $0.0000047 above, $0.0000041 below

On the upside, $0.0000047 is the first level that matters. SHIB last closed there on November 5, at $0.00000474, before the price fell in two steps to today's zone. A daily close above it would recover last week's leg down. The second level above lies at the 50-day average of $0.00000519. As long as the price stays below it, any rise is technically a recovery within a downtrend.

On the downside, $0.0000041 remains the decisive zone, the July low. A daily close below it would push SHIB under its low for the year so far and open the way for a new round of declines. In between, $0.0000043 offers short-term orientation, because Monday's and Tuesday's lows sit there.

For investors using stop orders this means: a stop placed just below $0.0000041 sits below a level that many market participants watch. A stop right on the round number, by contrast, is easily triggered in volatile phases before the price turns again. The range between the two levels is about 13 percent, an ordinary weekly move for SHIB.

Shiba Inu vs Dogecoin: the comparison over the last 30 days

Dogecoin and Shiba Inu are often mentioned in the same breath, but they do not move in step. Over 30 days Dogecoin has lost almost 22 percent, SHIB 19.6 percent. On Tuesday the gap was even clearer: minus 3.1 percent for Dogecoin, practically zero for SHIB. Dogecoin stands at $0.0678, while SHIB is still above its July low.

One reason for the difference lies in the structure of the tokens. Dogecoin has its own blockchain with ongoing issuance, while SHIB is a token on Ethereum with a fixed total supply, small portions of which are continually destroyed through burn mechanisms. A burn is the permanent transfer of tokens to an address that nobody can access. For the price on any single day, though, this hardly matters; there, exchange flows and sentiment across the wider market decide.

What the two have in common is that they swing more than Bitcoin. Over 30 days Bitcoin has lost 11.7 percent, a little over half of what the two meme coins gave up. Holding SHIB therefore means carrying a considerably higher price risk than with Bitcoin, even if Tuesday suggests otherwise.

Buying SHIB in Germany: a MiCA exchange instead of unknown tokens

Since the end of 2024 the EU's crypto regulation MiCA has applied. Providers that sell or hold crypto assets for customers in Germany need authorisation, either from BaFin or another supervisor in the EU. For buying SHIB this means that a provider with a MiCA licence lists the genuine contract, holds the tokens for you and is liable for custody under the rules of the regulation. Which platforms list SHIB and what they charge is shown in our crypto exchange comparison.

Fees vary more for a token like SHIB than for Bitcoin, because spreads are wider for smaller assets. A spread is the gap between the buy and sell price. When you buy through the simple app interface many providers offer, it is often higher than in the order book of the same exchange. Checking both prices before you buy shows what you really pay.

If you prefer to hold SHIB yourself, you move the tokens to a wallet of your own. The check from the section on the genuine contract then applies without exception: any token that lands there unsolicited is ignored. A hardware wallet shows on its own display what you are approving with every signature, which makes an unnoticed approval much harder.

SHIB at $0.0000044: without $0.0000047 the trend stays down

SHIB kept calm on Tuesday while Bitcoin and Dogecoin slipped, and the July low at $0.0000041 was not tested. That does not break the downtrend of the past 30 days, however. The fake tokens using Ryoshi's name change nothing about the price, but they do change the risk for everyone who holds SHIB themselves. Three steps for the coming days:

1. Check how you buy: Buy SHIB only from a provider with MiCA authorisation and compare spread and fees beforehand. Our comparison of regulated crypto exchanges gives an overview.
2. Secure your custody: If you move SHIB to your own wallet, compare the full contract address 0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE and never sign an approval for unknown tokens. The hardware wallet comparison shows which devices support this.
3. Record your purchases: Note the date, amount and price of every SHIB purchase. The tax office will ask for them when you sell, and with many small purchases a tool from our comparison of crypto tax software helps.

(As of November 10, 2026. This article is not investment advice. Prices and fee structures change; check the terms with the provider before you buy.)

The Bitcoin miner says its Boden facility could generate $45 million annually, but a June letter of intent remains nonbinding as executives negotiate financing and customer protections for the project.

Truth Social’s parent booked $409.7 million in quarterly income largely from crypto investments, even as its stock remained more than 94% below its March 2024 peak.

The chipmaker has erased its 2026 gains as a suspected Chinese espionage case brings fresh scrutiny of CEO Jensen Huang.

An SGLang flaw let an attacker reach internal systems and potentially view confidential AI requests, exposing the limits of hardware-backed privacy protections.

Elon Musk says the incoming Grok 4.8 will trail Anthropic’s Claude Opus 5.5, praising his rival’s model while predicting Grok 5 could surpass it in two or three months.

Chainlink, Cardano, Ethereum and Dogecoin remain under pressure as bearish sentiment drives the market toward critical fear levels.

Chicago-based investment management firm Rothschild Investment LLC has disclosed its first reported stake in the Bitwise XRP ETF, adding the Ripple-linked cryptocurrency to its portfolio.

Crypto exchange Gemini has named the biggest altcoin losers of 2026, with Bitcoin Cash leading the bloodbath after plunging nearly 62%.

Marc Asch, founder of Hidden Road, now Ripple Prime, will leave the company at the end of 2026, with senior vice president Noel Kimmel appointed to lead the institutional brokerage business.

Ledger CTO Charles Guillemet has warned crypto holders against storing recovery phrases on iPhones following Binance's urgent alert over a dangerous iOS vulnerability, with the warning coming just weeks after Ledger's own hardware wallet security scandal.

TLDR

• BBAI shares fell 5.10% to $2.3250 despite a new European security certification.
• Pangiam earned ECAC approval alongside SureScan’s DETECT 1000 CT baggage scanner.
• ECAC lists Pangiam among only two third-party approved APIDS software solutions.
• The certification builds on Dutch approval secured by BigBear.ai in July 2026.
• BigBear.ai plans additional tests with equipment makers and certification bodies.

BigBear.ai Holdings (BBAI) shares fell 5.10% to $2.3250 as the company announced a new European aviation security certification. Its Pangiam Threat Detection software met a screening standard alongside SureScan’s DETECT 1000 CT system. The milestone strengthened the platform’s credentials, although the stock remained under selling pressure.

BigBear.ai Holdings, Inc., BBAI

BigBear.ai Secures European Certification for Pangiam Threat Detection

BigBear.ai announced that Pangiam Threat Detection received certification from the European Civil Aviation Conference (ECAC). The approval covers its integration with SureScan Corporation’s DETECT 1000 CT baggage screening system. Moreover, the certification confirms compliance with the ECAC/EU Automated Prohibited Items Detection System (APIDS) Standard 1.

The certification places Pangiam among only two third-party software solutions on ECAC’s APIDS approval list. Aviation security authorities across 44 ECAC member states use the list when evaluating airport screening equipment. Consequently, the recognition expands the platform’s regulatory standing beyond its previous national approval.

BigBear.ai previously secured Dutch national approval for the same screening configuration in July 2026. However, that approval covered the Netherlands rather than the wider European aviation security framework. The latest certification establishes another regulatory milestone as the company pursues additional testing with equipment manufacturers.

Pangiam AI Platform Expands Airport Security Capabilities

Pangiam Threat Detection uses artificial intelligence to analyze three-dimensional CT scans of passenger cabin baggage. The system identifies potential prohibited items and alerts security officers during screening operations. Its near-real-time analysis supports faster assessments while maintaining human oversight of security decisions.

The platform also provides smart device interfaces that help airport personnel manage screening operations remotely. These tools support incident escalation, employee training, security audits, and operational supervision. Furthermore, its threat analytics help screening teams evaluate flagged items within established airport security procedures.

BigBear.ai has tested the platform extensively, including continuous deployment at a major European airport. The company has also integrated its software with modern CT screening equipment and airport security workflows. These deployments provide operational experience as BigBear.ai continues developing its aviation security technology.

BBAI Stock Declines Despite European Regulatory Milestone

Despite the certification announcement, BBAI shares remained under selling pressure during the trading session. The stock’s decline contrasted with the company’s progress in securing European aviation security recognition. However, the announcement provided no financial projections or confirmed revenue contributions from the certification.

The ECAC approval creates a broader regulatory reference for airports evaluating compatible automated baggage screening systems. Nevertheless, individual aviation authorities retain responsibility for equipment approval decisions within their jurisdictions. BigBear.ai plans further certification testing with additional regulatory bodies and screening equipment manufacturers.

The company’s aviation security operations form part of its wider defense and security technology business. Its latest milestone strengthens Pangiam’s technical credentials across European aviation screening markets. Meanwhile, BBAI stock’s decline highlights the gap between regulatory progress and the company’s immediate share price performance

.

The post BigBear.ai Holdings (BBAI) Stock: Drops 5% as Pangiam Secures European Certification appeared first on Blockonomi.

TLDR

• Ondas secures a Digital Bat order to develop affordable tactical attack drones.
• ONDS shares decline 7.45% even as the company advances its defense drone plans.
• Planned ARAN deal would add 4,400 square meters of Israeli manufacturing space.
• Airobotics will lead drone technology, while ARAN may support manufacturing.
• Ondas targets capacity for thousands of drones as it expands precision strike.

Ondas Inc. secured a new purchase order for its Digital Bat tactical drone program, advancing its plans for larger production. Meanwhile, Ondas stock traded at $5.53, down 7.45%, despite the company’s announcement about expanding its autonomous defense operations. The contract covers development and production of affordable attack drones, while Ondas prepares additional manufacturing resources for future defense programs.

Ondas Holdings Inc., ONDS

Ondas Secures New Digital Bat Drone Purchase Order

Ondas announced the purchase order on November 10, marking another step in its previously awarded Digital Bat defense program. The program focuses on low-cost tactical attack drones that combine autonomous functions with capabilities for precision strike missions. The company plans to create dedicated production operations as demand grows for affordable unmanned systems across defense markets.

The latest order moves Digital Bat toward manufacturing, although Ondas did not disclose its value or delivery schedule. Ondas also identified potential demand for tens of thousands of affordable drones, but this figure represents its market assessment. For now, the confirmed development and production order provides a foundation for the company’s broader manufacturing expansion strategy.

The program forms part of Ondas’ Precision Strike business, one of four operating segments across its defense portfolio. Its other activities include aerial security, intelligence and surveillance systems, and autonomous ground vehicles for military and security applications. Together, these segments support the company’s objective of integrating unmanned platforms, software, sensors and manufacturing within one organization.

Planned ARAN Acquisition Supports Manufacturing Expansion

Ondas intends to combine its Airobotics technology business with the manufacturing infrastructure of ARAN Defense following its planned acquisition. The company announced the acquisition agreement in August 2026 and expects to complete the transaction during the fourth quarter. ARAN’s planned contribution to Digital Bat manufacturing depends on the transaction closing and the companies completing operational integration.

ARAN operates approximately 4,400 square meters of engineering and manufacturing facilities in Israel, offering substantial industrial capabilities. Its services include CNC machining, prototyping, electromechanical assembly, 3D printing, procurement, quality checks and supply-chain coordination for complex projects. Through these resources, Ondas aims to improve production efficiency and establish repeatable processes for manufacturing affordable autonomous defense systems.

Airobotics will oversee Digital Bat development, autonomous functions, mission software and the integration of its drone systems. After the acquisition closes, Ondas expects ARAN to contribute industrial engineering and manufacturing support across the expanding program. The combined operation aims to establish capacity for thousands of systems while supporting other projects within Ondas’ defense businesses.

Digital Bat Order Advances Ondas Defense Strategy

Ondas seeks to expand serial production as defense customers increase their focus on cost-effective and rapidly deployable autonomous aircraft. The company also plans to develop scalable facilities that can serve additional programs and international customers over time. These objectives extend beyond the current Digital Bat order, and the company has not announced completed production at that scale.

Ondas connected its expansion strategy with broader defense procurement efforts that emphasize large fleets of affordable drones. The company cited the United States Drone Dominance Program as an example of demand for lower-cost unmanned aircraft. Its approach combines artificial intelligence, mission software, physical platforms and engineering resources to support a wider range of operations.

The planned manufacturing structure could also serve Ondas’ aerial security, surveillance and autonomous ground vehicle operations after integration. Digital Bat offers an initial application for infrastructure that Ondas expects to use across several defense programs. The purchase order marks progress toward production, while the proposed ARAN acquisition remains a key step in expansion.

The post Ondas (ONDS) Stock: New Drone Contract Advances Mass Production Plans appeared first on Blockonomi.

TLDR

• Alphabet (GOOGL) stock slipped 0.48% on Tuesday as Google released Gemini 4 Carbon to paying developers and businesses.
• Intro pricing is $2 per million input tokens and $10 per million output tokens, rising to $4 and $20 on December 1.
• Carbon checks its answers more, so it uses more tokens and can cost more than Argon at the same rate.
• Google says Carbon ranked first on three AI coding and automation tests at less than half the next-best cost.
• Wall Street rates GOOGL a Strong Buy with an average price target of $398.30.

Alphabet (GOOGL) stock slipped 0.48% on Tuesday as Google opened its strongest AI model to paying users. Gemini 4 Carbon is now available to developers and businesses.

Alphabet Inc., GOOGL

The launch comes with a clock attached. Introductory pricing is $2 per million input tokens and $10 per million output tokens, and it ends after November 30.

Starting December 1, those rates rise to $4 and $20. Google has not said how much revenue it expects Carbon to bring in.

Carbon matches the launch pricing of Gemini 4 Argon, which stays Google’s pick for everyday coding and office work. Carbon is built for harder jobs with many steps, like hunting bugs in complex software or doing scientific research.

Why Carbon Can Cost More Than the Price Tag Says

The catch is in how it works. Carbon spends more time on tough problems and checks its own answers.

That takes more tokens, which are the units AI systems process. So a complex request could cost more on Carbon even at the same per-token price as Argon.

Google says Carbon ranked first on three AI coding and automation tests. It also finished those tasks at less than half the cost of the next-best rival, based on the company’s reported results.

Google also calls Carbon its strongest model for long-running agent work. That covers software engineering, full-stack web development and scientific reasoning.

Cybersecurity is part of the pitch. Wiz, Google’s security partner, used Carbon to find previously unknown software flaws at two major software providers in under two hours.

Early users also turned up zero-day vulnerabilities in a short span, according to the company.

Developers get another tool alongside it. Google is testing a feature called Swarm in its Antigravity platform, which lets one instruction go out to several AI agents at once.

One agent might write code while another checks it for mistakes.

Cloud Numbers and Wall Street’s View

Google Cloud revenue rose 103% last quarter to $30.7 billion. Operating profit more than tripled to $11.1 billion.

The unit ended the quarter with $561 billion in contracted future revenue, though that includes services beyond AI models.

Analysts rate GOOGL a Strong Buy, based on 30 Buys and four Holds over the past three months. The average price target of $398.30 implies 38.7% upside.

Carbon is available in Google AI Studio and Android Studio on the paid API tier, and in Gemini for business. Google AI Ultra subscribers can try it in AI Studio and Antigravity, and the higher pricing starts December 1.

The post Alphabet (GOOGL) Stock: Gemini 4 Carbon Launches With Prices Set to Double in December appeared first on Blockonomi.

TLDR

• BitGo closed Monday at $5.10, up 4.94%, then slipped 1.14% after hours to $5.04.
• Q3 net income rose 94% to $44.1 million, driven by a $71.5 million unrealized crypto gain.
• Revenue fell 51% to $2.85 billion, missing the $4.2 billion consensus by 32%.
• The company posted an operating loss of $19.2 million and an adjusted EBITDA loss of $4.3 million.
• BitGo bought back $24.7 million of stock and holds 2,399 Bitcoin worth $200.4 million.

BitGo Holdings (BTGO) closed Monday at $5.10, up 4.94%, before the company released its third-quarter report. The stock slipped 1.14% in after-hours trading to $5.04 once the numbers came out.

BitGo Holdings, Inc., BTGO

The crypto custodian reported net income of $44.1 million, up 94% from a year ago. Diluted earnings came in at $0.36 per share, versus $0.15 last year.

That profit came from a paper gain, not from cash in the till. BitGo booked a $71.5 million unrealized gain on its digital asset treasury.

Day-to-day operations told a different story. The company posted an operating loss of about $19.2 million and an adjusted EBITDA loss of $4.3 million.

Revenue fell 51% to $2.85 billion, from $5.81 billion a year earlier. That missed the $4.2 billion Zacks consensus by 32%.

Why Revenue Dropped

Digital asset sales brought in $2.72 billion, down 52% from a year ago. BitGo blamed weaker crypto trading and a bigger mix of low-margin stablecoin activity.

After costs, those sales left just $4.2 million, a margin of 15 basis points. That compares with 17 in the second quarter and 20 a year ago.

Revenue after direct costs fell 32% to $37.3 million. Operating expenses, excluding direct costs, dropped 5.5% from the prior quarter to $56.6 million.

The cost cuts followed a June layoff of about 15% of staff. BitGo said it wanted to refocus on trading, stablecoins and artificial intelligence.

Clients, Stablecoins and Buybacks

BitGo ended the quarter with 6,640 clients, up 33% from 4,988 a year earlier. The platform served about 1.3 million users.

Platform assets fell to $59.9 billion from $104 billion as crypto prices dropped. Adjusted for current prices, platform assets rose 32% and staked assets rose 41%.

Stablecoin-as-a-Service revenue rose 52.5% to $37.4 million, though it slipped 3.8% from the prior quarter. Staking revenue was $68.2 million, down 24% on the year.

BitGo bought back $24.7 million of its stock under a $50 million plan. About $25.3 million is still available.

The company closed its purchase of NYDIG’s institutional trading business during the quarter. It also expanded its OKX settlement setup abroad, and CEO Mike Belshe said BitGo “expanded our global footprint.”

On Sept. 30, BitGo held $143.2 million in cash and 2,399 Bitcoin worth $200.4 million. Riot Platforms finished moving its Bitcoin custody from NYDIG to BitGo on Oct. 29.

The stock has traded between $4.36 and $24.50 over the past 52 weeks and is down about 60% this year. After hours Monday, it sat at $5.04.

The post BitGo (BTGO) Misses Revenue Estimate by 32% Despite Profit Jump appeared first on Blockonomi.

TLDR

• Bitdeer posted record Q3 revenue of $320.7 million, up 89% and above estimates of $251.11 million.
• The per-share loss was $0.46, wider than the $0.37 analysts expected.
• Net loss grew to $125.5 million from $30.1 million, as cost of revenue jumped to $309.9 million.
• The miner mined 3,855 BTC but held only 47 BTC at the end of September.
• The AI Cloud backlog reached about $2.9 billion, and the Tydal site in Norway is on track for Q4.

Bitdeer (BTDR) stock closed Monday at $6.61, up 9.9%, ahead of its third-quarter report. Tuesday’s trading was choppier.

Bitdeer Technologies Group, BTDR

Premarket moves were mixed, with one report showing a 1.5% gain and another a 2.7% drop. Later in the day, the stock was down about 7%.

The report showed record revenue of $320.7 million, up 89% from $169.7 million a year earlier. Analysts had expected $251.11 million.

The bottom line was not as kind. Bitdeer lost $0.46 per share, wider than the $0.37 loss analysts expected.

Where the Bitcoin Went

Bitdeer mined 3,855 BTC in the quarter, up from 1,109 Bitcoin a year earlier. Its proprietary hashrate rose to 86.4 EH/s from 35 EH/s.

Yet the miner held just 47 BTC on Sept. 30. A year earlier, it held 2,029 BTC.

Bitdeer took in $221.5 million from selling digital assets in the quarter, mostly mined bitcoin. In short, it sold much of what it dug up.

It ended September with $43.2 million in digital assets. It also had $343.8 million in digital-asset receivables from a related party, for a combined $387 million.

Cash and cash equivalents stood at $213.7 million.

Costs Outran Sales

Cost of revenue jumped to $309.9 million from $130.0 million, mainly on higher electricity costs and depreciation. Gross profit fell to $10.8 million from $39.7 million.

Net loss widened to $125.5 million from $30.1 million. A non-cash $54.6 million charge tied to a digital-asset loan was part of that.

Adjusted EBITDA still climbed 173% to $69.6 million from $25.5 million. Self-mining revenue rose to $217.5 million from $130.9 million.

Co-mining added $59.9 million. AI Cloud revenue rose to $20.4 million from $1.8 million.

The AI Cloud backlog reached about $2.9 billion, with roughly 332 IT megawatts of capacity secured. CFO Michael G. Potter said the company is “converting AI demand into long-duration contracts.”

He added that customer prepayments and project-level financing are meant to fund AI capacity as it is contracted. Construction at the Tydal site in Norway remains on schedule for energisation in the fourth quarter of 2026.

BTDR was down about 7% on Tuesday, while bitcoin slipped about 2%.

The post Why Bitdeer (BTDR) Stock Fell Even After Revenue Beat by $70 Million appeared first on Blockonomi.

Earlier this week, the leading cryptocurrency plunged to roughly $73,500, its lowest level since August. Bulls have reclaimed some of the lost ground, but BTC still trades near $74,100, down about 10% over the past month.

Despite the minor rebound, bears remain in charge, while two key factors suggest that the asset may post additional losses in the near term. Here’s why traders and investors should tread carefully.

Inflation Data and More

The main economic event scheduled for today (November 10) is the US CPI data, which will show the inflation rate for October in the world’s biggest economy. It is important because it could influence the Federal Reserve’s future monetary policy decisions, including the path of interest rates.

X user Ted said overall expectations are for a 0.3% month-over-month increase. More importantly, the analyst warned that the previous CPI report preceded a 9% drop in BTC’s price over the following fortnight.

His post fueled a heated discussion, with numerous members sharing their thoughts. X user Abhi | AP Collective, for instance, claimed that a 0.3% increase is mostly priced in and that a potential 0.4% spike could trigger a price pullback.

The actions of one mysterious whale can also be classified as a bearish factor. Max Crypto revealed that the large investor, who has previously made over $4 million in profits, has opened a massive $94 million short position on BTC with 13x leverage.

This doesn’t guarantee that the asset’s valuation will head south in the short term, but some crypto enthusiasts believe whales may possess information about upcoming developments that could affect the asset’s price. Consequently, such moves can spark panic across the community, leading others to sell their holdings and intensifying the downside pressure.

The Bigger Picture

While the CPI report will likely influence BTC’s near-term trajectory, some analysts are already looking beyond the immediate volatility and trying to pinpoint the start of the next major bull market.

X user Wealthmanager highlighted that the asset is testing trendline support for the third time, saying the current structure closely resembles early 2023, or just before a major rally began. Ali Martinez shared a similar stance, anticipating the recent drop to be followed by a significant upswing.

Those willing to explore additional BTC price predictions can take a look at our dedicated article here.

The post 2 Reasons Why Bitcoin (BTC) Could Bleed Even More in the Short Term appeared first on CryptoPotato.

Initia, a network designed for interwoven optimistic rollups, has halted its layer 1 blockchain after it detected unauthorized transfers from escrow accounts holding assets bridged to several rollups.

According to the team, approximately $615,000 left the network before the shutdown, with the incident raising new concerns for a project that only recently restored operations after another exploit that cost it about $2.7 million.

Initia Identifies Compromised Rollup Infrastructure Keys

In a post on X last night, Initia said it was “investigating an issue affecting rollup infrastructure” and that they had been paused temporarily.

“We have not identified any impact to user funds and we hope rollups will resume producing blocks soon,” the team wrote at that stage.

However, today, the story changed, with the team saying it had halted L1 operations at 06:18 UTC after preliminary investigations identified unauthorized transactions from the network’s escrow accounts where assets bridged to a number of rollups were being kept.

According to them, the unauthorized transfers originated from compromised rollup infrastructure keys, which allowed an attacker to fabricate Inter-Blockchain Communication (IBC) transfers and make away with about $605,000 in USDC through Noble, along with another $10,000 in other tokens, before validators paused the network.

However, they noted that most of the remaining assets that had been moved out of the escrow accounts are still halted on the L1. The team also told users that they were still trying to establish the full extent of the incident and would provide more details as they became available.

Second Attack In Less Than a Month

This is not the first time Initia has had to deal with such a problem. Less than three weeks ago, an attacker took advantage of a vulnerability in its MoveVM script caching system to create unbacked WETH, iUSD, and USDC balances without changing the corresponding token supplies.

In that incident, the attacker managed to bridge approximately $2.7 million through LayerZero and Noble before the network was shut down. Per Initia’s own accounting, by October 24, the thief had managed to convert the stolen assets into 1,135 ETH. The Initia Foundation later approved funding to restore the 1:1 backing of the affected assets, covering up to 1.08 million USDC, 105 ETH, and 1.4 million AUSD0.

Then on November 2, just over a week before the new exploit, the network resumed operations after making upgrades that included an independently audited MoveVM patch as well as isolating the attacker’s remaining forged balances.

Back-to-back hits are not new in crypto. You may recall that in July, the Verus bridge lost $7.55 million to a hacker barely two months after thieves made off with $11.58 million, with security firm Blockaid linking both attacks to the same bridge contract and bug class.

Interestingly, despite Initia’s L1 halt, CoinGecko data at the time of writing showed its native INIT token up by almost 60% in 24 hours and over 71% in the last seven days. It was also in the green across longer timeframes, having gained 45% in the last fortnight and well over 88% in 30 days, although it is still 84% below its May 2025 all-time high of $1.42.

The post Initia Halts Blockchain After $615K Leaves Bridged Asset Escrows appeared first on CryptoPotato.

North Korean hackers are creating their own meme coins to move stolen stash from the Binance hack, according to blockchain analytics firm Elliptic.

The attackers are using newly launched tokens and decentralized exchange liquidity pools to move funds between wallets without making direct transfers.

Binance Laundering Tactic

Elliptic flagged the activity on Tron and NEAR, along with a similar method on Solana. The process involves creating a token, pairing it with a legitimate crypto such as NEAR or a stablecoin, and adding it to a liquidity pool on a decentralized exchange.

The attackers then use one set of wallets to buy the newly created token with stolen funds. A separate group of wallets sells those tokens back into the pool and receives the original crypto. This puts the liquidity pool between the wallets, which makes it harder to immediately connect the funds entering the pool with those coming out.

The blockchain analytics firm said it first identified the method while tracking funds stolen from Bybit in 2025. In that case, North Korean launderers created a worthless token on Tron and used it to move at least $24 million through a liquidity pool. The same approach appeared again shortly after the Binance theft.

On November 2, Elliptic identified a newly created token on Tron that appeared to have been launched specifically for laundering. The following day, stolen Solana (SOL) was exchanged for wrapped and thinly traded tokens before being converted into USDC and transferred to other blockchains. The activity on NEAR provided the clearest evidence of the method.

Between November 5 and 7, the attackers created six tokens named FUK, OLCCL, MEILI, MMLI, DABI and SINU. Each was paired with NEAR in a separate liquidity pool. Creating a token cost around 25 NEAR, or approximately $90. The six tokens were then used to move around 117,000 NEAR, worth roughly $430,000. According to Elliptic, the wallets buying these tokens received their funding from stolen NEAR.

Almost the same amount later came out through separate wallets, and much of it was converted into stablecoins or transferred through a cross-chain bridge. The transaction patterns also showed that the tokens were not being traded by regular investors. Wallets connected to the laundering operation handled almost all the buying and selling. Three tokens, DABI, MMLI, and SINU, each had just one buying wallet and one selling wallet. The tokens were traded heavily shortly after launch and then abandoned. None of the six has recorded further trading activity since November 8.

Funds Still Traceable

Elliptic also found that proceeds from previously launched tokens were used to fund the creation of newer ones, connecting the six-token operation. The method does not remove the transaction trail from the blockchain. Investigators can still follow the funds, but the additional swaps and wallets make the process more time-consuming.

At around $90 per token, the cost of creating new ones is low. This allows the attackers to repeat the process with different tokens. The $430,000 moved through the six NEAR tokens represents only a small portion of the stolen funds. Elliptic estimates that around 11.8 million NEAR, worth approximately $43.7 million, remains unmoved.

The firm has also warned crypto exchanges and compliance teams against automatically treating funds received from liquidity pools as legitimate. Newly created tokens, pools with very few participating wallets, and accounts funded shortly before trading could indicate laundering activity.

The post North Korea Is Creating Fake Meme Coins to Launder Millions From the $6.4B Binance Hack appeared first on CryptoPotato.

Bitcoin could gain confidential transaction capabilities without compromising the public auditability of its total supply.

This is according to Stacks co-founder Muneeb Ali, who outlined the project’s privacy plan in a recent interview with Scott Melker.

Confidential Transactions at the Execution Layer

With interest in privacy-focused cryptocurrencies growing, especially around Zcash, Melker asked Ali if Bitcoin could incorporate privacy features of its own without sacrificing transparency.

“We’re not going to get privacy directly at the Bitcoin base layer, nor do I think we should, because Bitcoin supply should be auditable,” the Stacks co-founder replied.

However, he added that confidential transactions could operate on an execution layer built above Bitcoin, where some details could be hidden without preventing users from auditing the underlying supply.

“You should be able to audit that this is the total number of coins in circulation,” he stated. “But you can absolutely have confidential transactions on the execution layer. Nothing is stopping you from doing it. So that’s also on our roadmap.”

Stacks is a network that runs on top of Bitcoin and aims to make BTC programmable, faster, and cheaper to use. The proposal is part of the network’s broader development plans, with Ali identifying privacy, alongside making the OG cryptocurrency productive through yield-generating applications, as well as preparing for the potential threat to Bitcoin posed by quantum computing, as three of the areas Stacks intends to contribute.

Concerning those quantum-related threats, Ali warned that advances in AI could speed up the timeline, with 2029 becoming a more appropriate target for preparedness than the 2030 earmarked by the National Institute of Standards and Technology (NIST).

According to him, Bitcoin will need at least a couple of years to ship any upgrades, and disputes over Satoshi Nakamoto’s stash could make things very contentious.

The Threat of AI

Ali also said that there is a need to strengthen Bitcoin’s underlying software. He argued that open-source systems can become more secure as more developers examine their code and attempt to identify vulnerabilities.

The recent Binance hack, where attackers stole $6.3 billion, was also covered in the interview. Ali praised the exchange’s handling of the crisis but warned that AI-assisted attacks could expose weaknesses in existing systems, making stronger AI-based defenses necessary.

In the incident, more than half of the stolen funds were frozen on-chain, with the FBI claiming that North Korean-linked actors were behind the hack, an accusation officials in Pyongyang have since distanced the country from, instead saying the United States was trying to provoke it.

For Bitcoin, the proposed approach would preserve the ability to independently verify its monetary supply while allowing apps to build above the network to provide greater transaction privacy. But whether Stacks or other projects like it can deliver that combination at scale is to be seen.

The post Bitcoin Can Gain Privacy Features Without Changing Base Layer: Stacks Founder appeared first on CryptoPotato.

The world’s largest cryptocurrency exchange warned users to be extremely careful about a vulnerability affecting certain iOS devices. The flaw could allow bad actors to access sensitive information, putting people’s funds and personal data at risk.

Here’s what users should do to stay protected and the mistakes they should avoid.

Not a Binance Issue

The exchange took to X to alert people about a threat dubbed “worse_query,” which specifically targets iOS 26.7.1, 27.0.1, and 27.2 models. According to the warning, the vulnerability could let malicious apps access local files from other applications, potentially exposing seed phrases, private keys, and login credentials across the ecosystem. The company emphasized that this is an iOS-level issue, not unique to Binance.

It also outlined several immediate steps users should take to safeguard their funds. First, they should delete any apps installed from untrusted sources (such as sideloaded or manually signed IPAs). Second, they must update iOS and all applications to the latest official versions. Last but not least, people suspecting a breach should transfer funds to a new wallet created on a clean device and reset all active login sessions.

“Never install unauthorized packages, and keep your software up to date,” the warning reads.

The crypto community on X has seen a surge in users reporting losses caused by similar exploits lately. One member, using the moniker punktoshi, said:

“Yesterday was brutal. Both my Exodus and Phantom wallets got drained. Woke up to transaction notifications on my phone. All my seed phrases were stored physically, so I have no idea how they got access. My best guess is that my iPhone was compromised.”

Binance’s co-founder, Changpeng Zhao (CZ), said he is sorry to hear about the loss, advising people to keep their iOS updated to the latest version to prevent malicious websites from getting around built-in security protections and accessing sensitive information.

Binance Remains a Hot Topic

The company has been in the spotlight lately, though its security warning isn’t the main reason. Instead, attention has been focused on the massive hack it suffered and its regulatory setbacks in Europe.

As CryptoPotato reported at the end of October, bad actors drained over $6.3 billion from Binance, making it the largest cyber incident in the history of the cryptocurrency industry.

The company acted swiftly, initially halting withdrawals and deposits, and promised to reimburse users via its SAFU fund and its own reserves. Shortly after, it began the withdrawal recovery process, supporting popular networks such as Bitcoin, Ethereum, BNB Smart Chain, XRP, Hyperliquid, and many more.

Meanwhile, Binance continues to face problems in the European Union after it couldn’t obtain the necessary MiCA license by the July 1 deadline. Just a few days ago, several sources revealed that Binance France will close all customer accounts by December 31. Local users can withdraw their funds until year-end, yet they’d better do it before November 29 to avoid a monthly fee of 0.025% of their remaining balance or 10 USDC, whichever is higher.

For their part, X user Vikram argued that Spanish, Italian, and Polish accounts will also face permanent closure by New Year’s Eve.

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