Market news: India, forex & crypto

Bitcoin miners are oversold following 35% October rout, VanEck says

Investors dumped AI infrastructure providers across the board in October, treating companies in very different sectors as one monolithic trade.

Trump-linked American Bitcoin swings to $126 million profit but misses revenue estimates

Revenue fell to $63.4 million in the third quarter and missed analysts’ forecasts as bitcoin production declined and higher summer electricity prices pushed mining costs up.

HTX Earn Winter Campaign: Enjoy APY Boosts on 7 Assets, With a Quota Limit of Up to $14 Million per User

Since the start of Q4, crypto markets have remained volatile and continued to weaken, with major assets retreating from their highs and market participants becoming more cautious. Against this backdrop, HTX Earn recently…

What Could Stop the Fed Raising Rates in December?

A December rate increase remains the market’s expected outcome. Investing.com’s rate monitor put the probability of a quarter-percentage-point increase at about 80% on 4 November. Another hold would depart from that…

Thailand to block Bitget in December over unlicensed crypto trading

Thailand’s SEC filed a criminal complaint against Bitget’s operator, with access to its website and app set to be blocked from Dec. 5.

Bitcoin holds above $80,000 after Wednesday’s jump as injective rallies on staked ETF listing

Bitcoin slipped 0.2% to around $80,250 since midnight UTC, holding above $80,000 after Wednesday’s jump, as spot ETFs ended a three-day outflow streak.

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.

U.S. Treasuries hover near 2-month lows on 20% weekly oil crash, midterm sweep

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.

Sterling today: Pound flat as BoE hikes 25 bps, dollar steadies before payrolls

This FX trade is the best hedge for the AI drawdown: Goldman

Citi sees dollar weakening against yen after U.S. midterms

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.