Market news: India, forex & crypto

Nasdaq Composite breaks the July low in 5.5% rout

The rout is on in stock markets. The Nasdaq Composite broke the 200-day moving average at the open and it's been non-stop selling from there. The index has now cut through the July low and is trading at the worst levels…

Anchorage Digital seeks CFTC swap dealer registration for crypto options business

Anchorage Digital has applied for CFTC swap dealer registration and plans to offer European-style bitcoin and ether options if approved.

U.S.-Sanctioned Moscow Exchange Will List Bitcoin on Dec. 1 as Russia Pulls Crypto Trading Home

Bitcoin Magazine U.S.-Sanctioned Moscow Exchange Will List Bitcoin on Dec. 1 as Russia Pulls Crypto Trading Home Moscow Exchange, Russia’s largest trading venue, will begin trading bitcoin, ether and Tether’s USDT on…

The market is telling the hyperscalers it's happy about a slower data center buildout

Perhaps the clearest takeaway from Tuesday's US midterms is that data centers are unpopular. After a short-lived construction boom, they provide little ongoing employment and drive up local energy costs. There were 41…

Bitcoin Price Crashes Over 5% to $75,000 as Tech Rout Wipes Out Leveraged Longs

Bitcoin Magazine Bitcoin Price Crashes Over 5% to $75,000 as Tech Rout Wipes Out Leveraged Longs Bitcoin price fell about 5% on Thursday morning, sliding from above $80,800 to near $76,000 as a sharp selloff in…

US broader indices are getting hammered

This article was written by Greg Michalowski at investinglive.com.

Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading

Bitcoin Magazine Ukraine Central Bank Refuses to Back Crypto Bill Cleared for Second Reading Ukraine’s central bank will not support a crypto market bill that a parliamentary committee cleared for a final vote, warning…

Payward-affiliated fund and clients buy AAVE token stake on secondary market

Payward disclosed neither the size nor price of the AAVE purchases and said it may acquire more tokens.

Dollar flat as Wall Street rout lifts safe-haven yen; pound in focus as BOE hikes

Memory names getting smoked: Micron breaks the July low in 12% drop

Shares of Micron have taken an ugly turn today, dropping 12% and breaking support at the July low. Chip stocks are down heavily as the market re-thinks the pace of the AI build out. There are a few reasons for the change…

Fed and OCC Quiz U.S. Banks After $6.3 Billion Binance Hack

Bitcoin Magazine Fed and OCC Quiz U.S. Banks After $6.3 Billion Binance Hack U.S. bank regulators contacted banks this week to check whether their systems had any vulnerabilities after last week’s $6.3 billion hack of…

Dollar little changed as oil prices bounce, payrolls eyed

Crude oil tests the key confluence area and finds willing buyers

Crude oil futures fell sharply yesterday as traders weighed the chances of an end to the war with Iran. Senate Democratic Leader Chuck Schumer said Democrats would push to end the war and pointed to support from some…

Gate CEO says crypto exchanges must prove they can survive a hack like Binance’s

Lin Han says Gate holds enough assets in cold storage to cover customer balances even if its hot wallets are emptied. An independent audit is underway.

Fed's Barkin: Gradual pace of hikes "makes sense"

Policy is somewhere around neutral The path on policy is straightforward, the issue is pace and gradual "makes sense" Do not anticipate inflation will accelerate but also don't see it as falling at this point The set of…

Samsung Wallet launches USDC accounts on Solana for US Galaxy users

Samsung Wallet's Stablecoin Account is now live for eligible U.S. Galaxy users, allowing them to use USDC on Solana.

Marco Rubio ‘on resignation watch’ - report

The Independent reports that Marco Rubio "is on resignation watch from both sides of the Atlantic in the expectation he will quit to lauch a bid to be the next US President". The report cites "senior party sources in the…

Kraken parent Payward and its clients buy AAVE tokens in DeFi investment push

The investment follows talks first reported by CoinDesk in June that included a proposed equity stake in Aave Group.

Fed's Hammack: Gradual rate hikes are the best way to get inflation to target

Hammack voted for a hike at the last meeting so her view is that 'gradual' means every meeting. Other comments: Gradual rate hikes less disruptive Mon pol needs to move to a restrictive stance Gradual hikes are best way…

Sam Altman Says It's 'Fucking Annoying' His RAM Comments Were Taken Out of Context

The OpenAI CEO briefly renamed himself "Ram Altman" on X after Elon Musk mocked him for saying idle home PC memory is "quite terrible."

Blockchain is ‘perfect solution’ for AI agent trust, VeChain CEO says

Sunny Lu said AI agents would need identity and reputation systems, making the case while promoting agent-building platform VeWorld.ai.

US Q3 productivity +3.6% vs +2.8% expected

Prior was +1.4% Unit labor costs -0.7% vs +0.6% expected Prior unit labor costs +1.2% On the face of it, these look strong disinflationary but these numbers are largely ignored by policymakers because they're notoriously…

US initial jobless claims 189K vs 196K estimate

Prior week initial claims 194K Prior week continuing claims 1.701M Details Initial jobless claims (October 31) fell 6,000 to 189,000. Prior revised to 195,000 from 194,000. Initial claims four-week average fell 2,250 to…

Can decentralized phone networks power the AI revolution?

Decentralized AI networks want to turn everyday phones into an alternative to centralized computing infrastructure — but skeptics have their doubts.