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Bitcoin investors have faced more than $2 billion in losses over the past three days as the price dipped below $80,000 again. Daily realized losses ranged between $657 million and $703 million, and net losses have outpaced profits by $191 million over the past week. The losses are approaching levels seen in early August, raising uncertainty about whether further stop-loss selling will continue.

Binance has named Justin Yek as its new CFO, replacing Kaiser Ng days after the exchange suffered a $6.3 billion hack. Yi He said Ng is leaving to pursue a new venture after more than five years at the company, while Yek previously worked as vice president of finance at Airwallex. The leadership change comes shortly after Binance said the late October breach involved malware in software downloads and fake job offers aimed at engineers.

Wall Street strategists see a buy-the-dip opportunity after the recent slide in U.S. tech stocks. Morgan Stanley’s Mike Wilson says the next two to three weeks are a window to add equity exposure and is keeping a year-end S&P 500 target of 8,000. Ed Yardeni also called the drop a correction rather than a bubble bursting, while Wells Fargo remains more cautious on AI and semiconductor stocks.

Nubank and Mercadopago have suspended crypto deposits and withdrawals across Latin America. Both companies said the pause is due to instability at an external data provider that handles risk monitoring and anti-money laundering checks. Social media rumors have pointed to custody provider Paxos, but neither company nor Paxos has confirmed a security breach.

Kevin O’Leary predicts the CLARITY Act will pass in 2027 out of economic necessity. He argues tokenization makes modern crypto rules unavoidable because it improves on outdated 1960s-era systems for moving money. The bill remains stalled in the Senate, and it would need to be reintroduced in the new Congress after the midterm results.

Fidelity’s Jurrien Timmer says he prefers Bitcoin over gold after both dropped in the latest sell-off. He points to Bitcoin holding up better against gold, with one Bitcoin now buying about 21 ounces compared to roughly 12 at the recent low. Timmer still sees both as hedges, but calls the current lean toward Bitcoin a tactical preference based on relative strength.

Bitcoin Core developer Cory Fields has proposed mechanisms to deter quantum computers from stealing Bitcoin. The ideas include Quantum Landmines, Staked Auction, and Sats Auction, which use collateral and auction systems to protect legacy BTC. The proposals are still conceptual and would need more development before they could be implemented.

The U.S. Treasury has cut crypto exchange MEXC off from the U.S. financial system over at least $16 billion in transactions linked to illicit activity. FinCEN said the exchange facilitated transfers tied to Iranian, Russian, and North Korean sanctions evasion, cybercrime, and other illegal activity. The order bars U.S. financial institutions from processing transfers involving MEXC and takes effect 30 days after publication in the Federal Register.

The Bank of Russia has approved public trading of Bitcoin, Ethereum, and Tether on regulated domestic platforms starting November 17. Russian citizens can trade these assets through authorized intermediaries, but with an annual limit of 300,000 rubles (about $3,700) and after a mandatory risk assessment. The move creates an official channel for crypto trading as authorities try to bring activity under supervision and reduce the informal market.

TeraWulf reported nearly $710 million in quarterly profit, but most of it came from a large non-cash accounting gain on warrants and derivatives. The company still posted an $88.2 million operating loss as costs more than doubled revenue. Its AI data-center lease business has overtaken Bitcoin mining as the main revenue source, rising to 83% of total sales.

Democrats Won. AI Stocks Sold Off. What About Bitcoin? The Democrats won control of Congress, but what does that mean for Bitcoin, AI stocks, crypto regulation, and your money? I'm breaking down the election aftermath, market reactions, data centers, Trump's decisions, and the global war situation. Watch the full episode for the bigger picture. Link in the comments.

James Seyffart retweeted a post from teddyfuse about an upcoming book release that’s generating buzz in the crypto community. The original post called it a “Superbowl level event,” suggesting it could have a big impact on crypto and ETFs. The book is positioned as a bridge between digital assets and traditional finance at a time when the community is looking for new insights.

Stripe has launched Global Payouts, letting U.S. businesses send USDC and OUSD to crypto wallets in more than 160 markets. The move lets companies use stablecoins for cross-border payouts instead of traditional banking rails. It expands Stripe’s push into crypto and could boost real-world use of stablecoins for business payments.

China’s YMTC plans to source up to 70% of the equipment for its fourth memory chip factory from domestic suppliers. That’s a step up from just over 50% Chinese-made tools in its third fab, with a floor of at least 60% for the new plant. The move supports Beijing’s push for chip self-reliance and could boost orders for local equipment makers like AMEC, Naura, and Piotech.

Elizabeth Warren is set to become chair of the Senate Banking Committee, giving one of crypto’s biggest critics major influence over financial regulation. Democrats are also planning to investigate financial ties between the crypto industry, President Trump, and his family. Together, the moves point to heavier congressional scrutiny of the digital asset sector.

Greece’s parliament has approved a 10% capital gains tax on cryptocurrency profits, creating the country’s first clear framework for taxing crypto. Annual gains of up to €500 are exempt, while gains above that will be taxed at 10%. The government plans to release more details on implementation, transparency, and audit rules in the coming weeks.

The post-midterm rally lasted only one day as a heavy sell-off in U.S. tech stocks spread into crypto, wiping out gains in Bitcoin, Ethereum, and XRP. More than $1 billion in leveraged crypto positions were liquidated, mostly long bets. Investors are worried that a Democratic-controlled Congress could mean tighter rules for AI and potential investigations into the Trump family’s business dealings, including crypto.

The US Midterm Elections Could Change Crypto's Future - The CLARITY Act could bring clearer crypto rules. - Regulatory certainty may attract institutional capital. - Election results could determine whether the bill advances or faces delays. Could this influence Bitcoin’s next major move? Full video link in the comment. ⤵️

Apple has updated its insider trading policy to explicitly ban employees and contractors from using confidential company information to trade on prediction markets. The new rule covers roughly 167,000 workers and also applies to nonpublic information about partners, suppliers, and customers. Apple says the ban applies whether or not the activity is legally considered insider trading or securities trading.

Block has agreed in principle to pay $764 million to resolve a U.S. Department of Justice investigation into its anti-money laundering controls. The proposed deferred prosecution agreement would defer a criminal charge for three years and still needs court approval. At the same time, Block’s Bitcoin gross profit fell 50% year-over-year to $52 million, mainly due to lower Cash App fees.