Bitcoin Jumps as President Trump Claims Iran Peace Talks

The cryptocurrency market experienced a significant drop, with Bitcoin falling below $104,000, attributed to a DeFi crisis and macroeconomic concerns. This led to losses in major altcoins like Ethereum, XRP, BNB, and Solana, with total crypto liquidations reaching $1.37 billion.

The U.S. government is seeking a maximum five-year prison sentence for the founders of Samourai Wallet, accusing them of facilitating money laundering for criminals. Prosecutors allege that over $237 million in criminal proceeds were laundered through the platform between 2015 and April 2024.

FTSE Russell is utilizing Chainlink's decentralized oracle service to publish its market index data on blockchain networks, providing secure and trusted information for institutions and developers. This integration allows global indices to be continuously available on-chain, enabling the creation of programmable financial primitives.

Bitcoin experienced its first negative October performance in six years, leading to a 2.2% drop in the total crypto market cap to $3.64 trillion. The recent sell-off triggered over $1.16 billion in long liquidations, reflecting the intensity of the leverage unwind.

Hollywood.com has partnered with Crypto.com to launch prediction markets focusing on entertainment topics like film, television, and music. The collaboration will offer users a compliant way to make predictions on movies, actors, TV shows, and awards, with real-time price updates for instant reactions.

Ripple has acquired Palisade, a digital wallet provider and custody firm, to enhance its custody capacity and better serve crypto-native firms and financial technology companies. This acquisition aligns with Ripple's strategy to cater to corporates entering the crypto market by providing secure digital asset custody solutions.

Donut Labs raised $22 million to develop an AI browser for crypto trading, aiming to revolutionize how traders research, analyze, and execute trades autonomously. The browser, designed with layered security, aims to merge AI and crypto seamlessly, offering a new way for traders to interact with the web.

David Sacks, appointed as the White House AI and Crypto Czar by President Trump, advocates for the U.S. to lead in digital innovation. He stresses the importance of clear regulatory standards to support onshore crypto innovation and criticizes the "regulation by enforcement" approach under SEC Chair Gensler.

IREN's stock surged by nearly 21% to almost $73 per share following the announcement of a $9.7 billion deal with Microsoft for AI cloud computing services. The agreement includes access to Nvidia's GPUs and signifies a strategic move for both companies in the AI sector.

According to a report by CoinShares, U.S. Bitcoin exchange-traded funds experienced significant outflows last week, with iShares Bitcoin Trust leading the losses. Despite this, funds in Germany, Switzerland, Canada, and Australia saw net inflows, while Solana-based ETFs attracted $421 million in investments.