American Bitcoin’s $126M profit masks mining pressure as rivals turn to AI
The Eric Trump-backed miner reported $126 million in quarterly net income, largely driven by gains on its Bitcoin holdings, despite rising mining costs and shrinking margins.
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Asian crypto exchanges batten down the hatches as hacks surge: Asia Express
Asian crypto exchanges are scrambling to tighten security on fears of a wave of potentially AI-assisted hacks, even as regional governments embrace tokenization and stablecoins.
Crypto ally French Hill wins reelection but set to lose House chair
Republican French Hill secured another term in Congress but will lose his leadership of the House Financial Services Committee when Democrats take control in January.
Binance, Deribit revoke SignalPlus API keys after fake Teams invite attack
SignalPlus said attackers compromised an engineer’s computer in a breach that resulted in losses of less than $82,000, which the crypto trading platform pledged to reimburse in full.
Fed, OCC check US banks after Binance hack as experts flag security risks
US regulators reportedly contacted banks following last week’s $6.3 billion Binance security hack, while experts raised concerns about transaction security and crypto risks.
Europe’s largest asset manager Amundi tokenizes equity index fund on Ethereum
The new share class offers blockchain-based exposure to an index tracking 600 companies across European markets.
Paraguay president resigns after collapse of Ueno digital bank
Santiago Peña stepped down amid mounting scrutiny over his former ties to Ueno Bank’s parent company, as the lender’s collapse left millions of customers unable to access their funds.
Bitcoin crashes 6% to 7-week low as US stocks erase election gains
Bitcoin saw sudden downside at the Wall Street open as stocks witnessed a snap sell-off, reversing post-election gains.
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.
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.
Trump’s memecoin ventures derailed CLARITY Act, Scaramucci says
The SkyBridge founder said disputes over ethics restrictions also stalled negotiations, with both sides responsible for the setback.
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.