Bitcoin ‘Short Squeeze’ Bumps Prices to Nearly $37K as Spot ETF Hopes Strengthen
Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices.Source
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ARK Snaps Up $9.5M HOOD Shares Day After Robinhood Announces European Expansion
The fund continues to sell GBTC as shares have rallied 235% this year, outperforming bitcoin and traditional risk assets.Source
Yuga Labs Confirms UVA-A Emitting Lights Cause of ApeFest Eye Issues
Numerous participants exhibited signs of photokeratitis, an ailment resulting from ultraviolet (UV) light exposure, after last weekend’s event.Source
Bitcoin Tops $36K as ‘ETFs Not Yet Priced in’
Bitwise’s CIO sees future upside to bitcoin’s price as the world’s largest digital asset has 30% this month.Source
U.S. House’s Spending Bill Aims to Hamstring SEC’s Gensler Amid His Crypto Crackdown
As the U.S. House of Representatives weighs legislation on next year’s spending, a provision was added on Wednesday that would deprive funding from U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto businesses.Source
Protocol Village: Stackr, Provider of Tools for ‘Micro-Rollups,’ Raises $5.5M
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 9-15, with live updates throughout.Source
U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether’s USDT
Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill.Source
Bitcoin Miner Marathon Digital Beats Q3 Earnings Estimates, but Misses on Revenue
The miner sees yearly mining power guidance exceeding/TKTK 23 EH/s this year.Source
Investment Advisor Two Prime Sees $2B in Demand for Bitcoin-Backed Loans
“We have seen about $2 billion in demand for bitcoin-secured loans since we started offering them in September, ” Two Prime’s Alexander Blume said.Source
Trust Wallet’s TWT Falls as Parent Company Binance Releases Web3 Wallet
Trust Wallet’s native token [TWT] has plunged over the past few hours after Binance, the exchange that acquired TrustWallet in 2018, releases its own competing web3 wallet.Source