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Live updates: Bitcoin drops more than 5% as stocks close out worst day since April 2025
The continued blowup of the AI trade led markets lower, with Nvidia losing 9.3% and many other chip names down double-digit percentages.

Mercado Bitcoin hack continued hours after exchange said attack was contained, report finds
The same attacker took about $391,000, mostly from wallets Bitquery ties to BitMart, whose founder confirmed a Nov. 2 hack and suspects a link.

Arkansas Sues Kalshi, Joining a Growing List of States Targeting Prediction Markets
Attorney General Tim Griffin said betting on "whether the Razorbacks win or lose" is gambling, and wants restitution, penalties and taxes.

Bitcoin win rate vs. S&P 500 recovers as post-midterm history favors stocks
Bitcoin outperformed the S&P 500 in half of the past 90 US trading sessions, while historical midterm data highlights gains for stocks.

Bitcoin miner Riot could pay Anthropic 12% interest under $28 billion AI deal
Riot has sold most of its bitcoin to fund its move into data centers. Its latest agreement gives Anthropic a way to finance part of the build and collect interest through rent deductions.

South Korea seeks 4th crypto tax delay, targets 2029 start
South Korea is seeking a fourth delay to its 22% crypto tax, months after reaffirming plans to begin taxing digital asset gains in January 2027.

France budget rejection sidelines stablecoin tax, wallet reporting
Three adopted amendments, including stablecoin taxation and self-custody reporting, fall away but could be reintroduced in the Senate.

Eric Trump’s American Bitcoin swings to $126 million profit in Q3 on digital asset gains
American Bitcoin reported Q3 net income of $126 million, swinging from a $57.2 million net loss in the previous quarter.

Hong Kong passes law requiring crypto exchanges to report customer transactions to tax authorities
Crypto firms must collect customer and transaction data from 2027, with Hong Kong sharing the information with overseas tax authorities from 2028.

Arkansas sues Kalshi, says its alleged illegal gambling operations cause mental harm
The lawsuit adds Arkansas to a growing list of states taking legal action against the prediction market platform.

OpenAI says its AI can break into Linux at scale. Here's what it means for crypto
OpenAI says its AI found 948 Linux flaws and wrote a working attack for each one. Crypto security voices say decentralization leaves the industry better placed than most to cope.

Bitcoin, Ether ETFs draw $128M as crypto rebounds after midterms
Fidelity led Bitcoin ETF inflows, while BlackRock’s IBIT shed another $201 million, extending its outflow streak to four trading sessions.

Crédit Mutuel Arkéa resumes operations after attack, assesses losses
The bank said customer funds were unaffected after attackers accessed its systems through a service provider’s platform.

Binance, Polymarket seek Polygon hard fork to recover $6.8M in stolen crypto
Polygon block producers have already frozen the stolen tokens, but a proposed hard fork would allow the funds to be recovered and returned to their owners.

Zcash is about to freeze $16 million in its oldest privacy pool
About 12,200 ZEC remains in Sprout, the privacy pool Zcash launched in 2016. Roughly 10,000 coins have left over the past week, but only about 40 moved out Wednesday.

The pile of lawsuits against Kalshi just grew by one
Arkansas has accused the prediction market of running illegal gambling, joining Utah and several other U.S. states that have filed criminal or civil charges.

XRP Ledger fixes a disclosed bug that could have led to the creation of new tokens
The fix went live Wednesday after validator support reset the activation clock in October. XRP itself was unaffected.

‘Lawyer up’: Democrats target Trump, Big Tech after midterm sweep
Democrats wasted little time after their midterm victory, warning tech CEOs to prepare for subpoenas and signaling fresh investigations into Trump’s business dealings.

The Digital Chamber calls Sherrod Brown’s win ‘most consequential unfavorable result’ for crypto
Democrats are set to reorient the crypto policy debate toward stronger consumer protections and regulatory accountability, the group said.

Crédit Mutuel Arkéa confirms cyberattack after ZachXBT flags $133M in suspected losses
Crédit Mutuel Arkéa did not confirm the exact amount of losses but validated the order of magnitude of the $133 million figure.

India warns AI-powered hackers targeting crypto exchanges at ‘machine speed’
India’s cybersecurity agency says a threat actor is escalating an AI-assisted hacking campaign targeting crypto exchanges and other financial firms.

Mercado Bitcoin says phased reopening to begin Monday, will cover losses
Customers will initially be able to view their holdings, while withdrawals and trading remain suspended pending security checks.

Why Bitcoin's Next Soft Fork Could Feel Like a Practice Run
Matt Corallo explains why patching four legacy bugs is about rebuilding muscle memory, just as much as it’s about Bitcoin maintenance.

BitMart founder says security team ‘severely understaffed’ after new hack
The crypto exchange’s founder warned of security staffing shortages amid restructuring as analysts flagged suspicious transfers potentially linked to the Mercado Bitcoin hack.