Bank of England Governor Andrew Bailey Warns of Potential Flood of Dollar Tokens Without Redemption

According to Wall Street broker Bernstein, bitcoin miners are now crucial to AI data centers, with a focus on maximizing power assets. The firm updated its valuation model to include miners' bitcoin holdings, mining EBITDA, and AI co-location revenues.

JPMorgan reported that the Bitcoin network hashrate reached a record high in October, with a 5% increase to 1,082 exahashes per second. Mining difficulty was 3% higher than the previous month and 80% higher than before the recent halving in April 2024.

XRP ETFs are anticipated to attract $5 billion in investments within their first few months of trading, with executives of ETF issuers expressing optimism about trader interest. The US government's pro-crypto stance, under the new SEC Chair Paul Atkins, has facilitated quicker approval processes for altcoin ETFs.

HIVE Digital Technologies has increased its Bitcoin mining capacity to 23 exahashes per second, with plans to reach 25 EH/s soon. The company is expanding its AI computing infrastructure using income generated from mining operations, supported by renewable energy sources like the Itaipú Dam in Paraguay.

Balancer, a DeFi protocol with $750 million locked, suffered a major exploit draining $70.9 million to a new wallet. The exploit affected various assets like osETH, WETH, and wstETH, impacting Balancer V2.

AMINA has obtained a regulatory license from Austria's FMA to provide cryptocurrency services in Europe under the MiCA regime. The bank, previously known as SEBA Bank, offers various services to professional investors and holds licenses in Switzerland, Hong Kong, and Abu Dhabi.

President Donald Trump defended his decision to pardon Binance founder Changpeng “CZ” Zhao, citing a politically motivated prosecution by the previous administration. Trump claimed he had no personal knowledge of Zhao and framed the pardon as support for the U.S. crypto sector.

Bitcoin and Ethereum dipped, with alt-coins following suit, as traders awaited U.S. jobs data and analyzed Treasury Secretary Bessent's comments on high interest rates straining the economy. Bessent's remarks initially boosted hopes for rate cuts but concerns over potential volatility lingered.

Operation Ironside, a joint investigation by the Australian Federal Police and the FBI, has led to 55 arrests over the weekend, with 800 new charges related to drug trafficking, firearms, and conspiracy offenses. The operation, which began in 2018, focuses on AN0M, an encrypted messaging app controlled by the FBI.

The fear of Bitcoin's encryption being shattered by quantum computers has sparked debate, with experts warning of potential panic and market reactions. Despite the theoretical threat, the necessary quantum computing power to break Bitcoin's encryption remains years away.