- Greece’s parliament passed a 10% crypto capital gains tax with a €500 exemption.
- Core Scientific plans to exit Bitcoin mining by the end of 2026 to focus on AI hosting.
- The DarkSword iOS exploit kit has drained about $5.57 million from crypto users.
The global crypto market cap fell 5.0% to $2.649 trillion over the past 24 hours. Bitcoin traded at $75,815.81, down 5.6% on the day and down 0.7% over the past week. Ethereum changed hands at $2,232.42, down 7.8% in 24 hours but up 2.2% over seven days. BNB fell 3.2% to $692.82, down 1.0% weekly. XRP dropped 7.0% to $1.21 but is up 0.7% over the week. Solana slid 6.0% to $89.67, down 3.8% over seven days. USDT and USDC both held close to their dollar peg.
CoinGlass data showed $1.05 billion in liquidations over 24 hours, affecting about 203,500 traders. In a single four-hour stretch, $873 million was liquidated, with longs accounting for $793 million.
Trending Searches
Bitcoin led trending searches, down 5.9% to $75,852.58. NEAR Protocol fell 8.7% to $3.69, and Pudgy Penguins dropped 9.7% to $0.0066. Among top gainers, UnifAI Network rose 99.3% to $0.1502, Dessa climbed 59.1% to $0.03174, and DENIM gained 44.5% to $0.01776.
AI Selloff Spills Into Crypto
Nasdaq 100 fell 6.4% on Thursday. The Philadelphia Semiconductor Index dropped more than 12%, its steepest one-day fall since March 2020. South Korea’s KOSPI fell more than 8% on Friday, triggering a 20-minute trading halt. Japan’s Nikkei 225 slid more than 5%, putting it in a technical bear market. Crypto-linked stocks fell as well, with MARA down 13.35% and BitMine down 11.43%.
Anthropic IPO Under Pressure
The Wall Street Journal reported that major investors doubt Anthropic can list at its expected valuation of about $1.5 trillion. One investor suggested a figure closer to $1 trillion. Reuters, citing four people familiar with the matter, said the company could postpone the listing if AI assets remain under pressure.
Yu Jin said a whale holding a $50.34 million short on Anthropic pre-market contracts is sitting on a $3.76 million unrealized gain after those contracts fell 8%.
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Binance Recovery and Fund Tracing
Binance said it will open withdrawals for another batch of assets, including XRP, USDE, PENDLE, ZRO and CAKE, from 9:30 a.m. IST on November 6.
Chainalysis said that part of the stolen funds is moving through Chinese money-laundering networks, including OTC platforms. About $2.42 billion in BTC and ETH has barely moved since the theft, while nearly $1 billion has started entering laundering channels, according to the firm.
Separately, Binance asked ArbitrumDAO to return 8,425.997 ETH and 74,559,805.2 ARB frozen by the Arbitrum Security Council.
Policy and Regulation
Senator Elizabeth Warren is expected to chair the Senate Banking Committee. Sharplink CEO Joseph Chalom told CNBC the CLARITY Act could stay shelved until 2028.
Greece’s parliament passed a 10% capital gains tax on crypto, exempting the first €500 of gains each year. OFAC sanctioned four individuals and 41 entities tied to Cambodia’s Prince Group. The Bank of England raised its benchmark rate by 25 basis points to 4.00%, its first hike since August 2023.
Security Alerts
Security researchers warned that the DarkSword iOS exploit kit has drained about $5.57 million from more than 20 wallets. The attack runs when a user opens an infected website in Safari, and CZ urges users to update iOS. SignalPlus said a compromised third-party Telegram account caused losses of under $82,000. Binance removed all API keys linked to the platform as a precaution.
Miners and Derivatives
Core Scientific plans to exit proprietary Bitcoin mining by the end of 2026 and become a pure-play AI hosting provider. The Block reported that Keel Infrastructure, formerly Bitfarms, sold 2,520 BTC for $192 million in Q3. Deribit said about $2.86 billion in BTC and ETH options expire on Friday, with Bitcoin’s max pain price at $79,000.
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