Day: November 4, 2025

$1.1B in Longs Wiped as ETH Crashes Below $3.3K, Erasing 2025 Gains

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Over 340,000 traders were liquidated daily. The crypto market crash continues in full force, led by BTC’s brief dip below $100,000 for the first time since June and ETH’s massive nosedive. In fact, the second-largest cryptocurrency has now turned negative for the year as it dropped below $3,300 to mark a new multi-month low. BREAKING: Ether falls below $3,400 and officially erases all 2025 gains. ETH is now red on the year. pic.twitter.com/kwnlQ3a0gF — The Kobeissi Letter (@KobeissiLetter) November 4, 2025 It was just 36 hours ago when ETH…

Cathie Wood sells over 38K Palantir shares before earnings

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Key Takeaways Cathie Wood’s ARK Invest sold over 38,000 Palantir shares before earnings, reallocating funds to Bullish and Beam Therapeutics. The shift reflects ARK’s broader strategy to balance exposure between AI, crypto, and biotech sectors. Share this article Cathie Wood, chief investment officer at ARK Invest, sold over 38,000 Palantir Technologies shares ahead of the AI-driven data analytics firm’s earnings report. The sales were concentrated mainly in ARK’s flagship ETF, ARKK. ARK Invest has been reallocating capital from Palantir to other assets like Bullish, a crypto exchange operator, with Bullish…

Ripple President Monica Long outlines XRP Ledger’s next phase with lending protocol and stablecoin expansion

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Key Takeaways Monica Long, Ripple President, outlined Ripple’s future strategy at Swell 2025 in New York City. The event brings together leaders from major banks, asset managers, and institutions to discuss blockchain’s financial impact. Share this article Ripple President Monica Long said the company is doubling down on XRP Ledger innovation alongside its commercial business serving financial institutions. Speaking at Ripple Swell 2025 today, Long noted that the team is fully dedicated to advancing the ledger’s capabilities, with several new features recently proposed for amendment. “Next up is a lending…

NVIDIA’s Jensen Huang to meet UK technology secretary Liz Kendall

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Key Takeaways NVIDIA CEO Jensen Huang will meet UK Technology Secretary Liz Kendall to discuss AI infrastructure and technology collaboration. The meeting is part of NVIDIA’s global efforts to position itself as a central player in economic and AI advancement. Share this article NVIDIA CEO Jensen Huang is scheduled to meet with UK Technology Secretary Liz Kendall today, according to Sky News. The meeting highlights NVIDIA’s focus on expanding its role in AI infrastructure as part of broader economic plans in the UK. Kendall oversees the country’s science, innovation, and…

CleanSpark Expands Power Capacity, Secures Texas Site for AI Push

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Bitcoin miner CleanSpark expanded its power capacity by 28% in October as part of a broader push beyond crypto mining into artificial intelligence and high-performance computing (HPC). The US-based company said it had acquired 271 acres near Houston, Texas, securing 285 megawatts of long-term power for a dedicated AI data center. The move marks one of CleanSpark’s largest steps yet to diversify its operations as demand for energy-intensive computing continues to surge. CleanSpark’s AI move also led to a new partnership with Submer, a company that offers cooling solutions for…

Wintermute CEO Calls Binance Lawsuit Claims ‘Baseless Rumor’

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Gaevoy stated Wintermute never intended legal action against Binance, despite repeated social media claims linking the firm to ADL fallout. Wintermute CEO Evgeny Gaevoy has publicly denied one of the loudest and most persistent rumors that has been circulating since the October 10 liquidation shock – that the cryptocurrency market-making firm is preparing to sue Binance. Posting on X this week, Gaevoy reiterated that Wintermute “never had plans to sue Binance,” and said nothing about the firm’s position has changed since his statements immediately after the event. Wintermute-Binance Lawsuit…

Phantom launches limit orders for Phantom Perps

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Key Takeaways Phantom, a Solana-focused wallet app, has integrated limit orders for its Perps trading feature. Users can now set take profit and stop loss triggers directly on their perpetual futures positions. Share this article Phantom, a Solana-focused wallet app, today launched limit orders for Phantom Perps, a perpetual futures trading feature integrated into the mobile wallet for long and short positions. The new feature enables users to set take profit and stop loss triggers directly on perp positions for automated closures at target prices. Users can adjust stop-loss and…

Washington Fueled the Bitcoin Bubble, Peter Schiff Says

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In an exclusive interview with Cointelegraph, veteran economist and gold advocate Peter Schiff issued one of his starkest warnings yet about Bitcoin’s future, and the powerful forces he believes have inflated it. Schiff argues that the latest Bitcoin (BTC) bull market isn’t organic, but rather propped up by political influence in Washington, DC and Wall Street’s self-interest. Despite being proven wrong multiple times in the past, Schiff is doubling down on his statement that Bitcoin is a “bubble” and will eventually “go to zero.” The economist challenges the mainstream narrative…

Berachain Foundation recovers $12.8M from Balancer V2 exploit

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Key Takeaways Berachain Foundation recovered $12.8 million after an exploit impacted its native DEX (Bex) and Balancer V2. A white hat hacker coordinated with the foundation to facilitate the asset recovery. Share this article Berachain Foundation successfully recovered $12.8 million from an exploit affecting Bex, Berachain’s native decentralized exchange, and Balancer V2, a protocol whose vulnerabilities prompted network halts and emergency patches on the EVM-identical Layer-1 blockchain. The recovered funds were returned to the Berachain Foundation Deployer address following coordination with a white hat hacker who facilitated the asset recovery…

Bitcoin Loses $100K As Selling, Liquidations Hit New Highs

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Key points:  Bitcoin falls to 4-month lows below $100,000 as sellers capitulate and spot BTC ETF outflows increase.  Traders pinpoint the $88,000 to $95,000 range as a potential bottom. Bitcoin (BTC) selling intensified on Tuesday as BTC abruptly fell to 4-month lows of $100,800. While analysts across the space appear to be scratching their heads about the exact reasons for the current selling, there is consensus that BTC price could slip lower, possibly bottoming around $95,000. Popular trader, HORSE, traded the following chart and suggested a bottom could be approaching,…