IREN’s Bitcoin Mining Revenue Falls as AI Cloud Sales Nearly Triple
TL;DR: IREN reported $200 million in quarterly AI Cloud revenue, up from $71 million the previous quarter, while Bitcoin mining revenue fell from $67 million to $28 million. Its November 5 results underline how quickly some former mining-led businesses are shifting towards AI infrastructure — and how expensive that shift remains. IREN’s latest quarterly results…
US Adds 165,000 Jobs in October: Why Bitcoin Traders Are Watching the Fed
TL;DR: The US economy added 165,000 payroll jobs in October while unemployment stood at 4.1%, according to the Bureau of Labor Statistics’ November 6 release. The data complicate hopes of quick monetary easing, but the report by itself cannot establish what the Federal Reserve will do next or where Bitcoin will trade. Bitcoin’s difficult trading…
Nigeria Sets New Stablecoin Licensing Rules and Capital Requirements
TL;DR: Nigeria’s central bank issued a new framework on November 5 for non-security virtual assets, with separate stablecoin licences tied to naira and foreign-currency tokens. The rules introduce reserve, capital and local-presence obligations and ban certain algorithmic designs. This is a payments-regulation story, not a blanket legalisation of every crypto activity. Nigeria is moving from…
Zcash Activates NU7 With 25-Second Block Target and New Fee Reserve
TL;DR: Zcash’s NU7 upgrade activated at mainnet block 3,543,405, reducing target block spacing from 75 to 25 seconds. It also changes how fees contribute to future network security. Faster target blocks do not make every payment final instantly, and node operators need compatible software. Zcash has crossed an important protocol milestone. The NU7 network upgrade…
Chainalysis Begins Restoring Screening Services After Disclosing Exposed Password Hashes
TL;DR: Chainalysis said on November 6 it was restoring KYT and address screening in phases after a cyberattack. The firm earlier disclosed that names, usernames, password hashes and live tokens for users had been exposed. Customers were told to prepare password resets and API-key rotation; investigations data exposure has not been established. A disruption at…
Nasdaq Lists Canary’s Staked INJ ETF, Adding Another Route to Altcoin Exposure
TL;DR: Nasdaq began listing the Canary Staked INJ ETF under ticker INJC on November 5, according to the exchange’s listing notice and Canary Capital. The product seeks Injective token exposure and staking rewards, but fund ownership is not the same as directly holding or controlling INJ. US exchange-traded cryptocurrency products are extending well beyond Bitcoin…
Amundi Puts a European Equity Fund Share Class on Ethereum
TL;DR: Amundi has launched a tokenised share class of its Core STOXX Europe 600 equity index fund on public Ethereum, working with CACEIS. It is a real fund share-class initiative, not a claim that all 600 constituent stocks are individually trading as permissionless tokens around the clock. One of Europe’s biggest asset managers has moved…
Coinbase Pitches a Full Token Lifecycle Service, From Public Sales to Custody
TL;DR: Coinbase’s November 5 product update describes an integrated set of services for token issuers, from sales and distribution through listings, custody and liquidity. It cites Monad, Ethena and Hyperliquid as examples, but the examples are company-selected and do not eliminate the risks or regulatory limits facing token projects. For a blockchain project, issuing a…
Elliptic Traces $124M in Bitcoin Swaps From Binance Hack Funds
TL;DR: A November 6 update from blockchain intelligence firm Elliptic says roughly $124 million of assets stolen in the October Binance breach had been converted into Bitcoin, including funds originally held as XRP and SOL. Onchain tracing can reveal movement, but it cannot by itself identify every person controlling those wallets or prove that all…
Aave Buys Avon Team to Bring More Fixed-Rate Lending Onchain
TL;DR: Aave Labs said November 6 it had acquired Avon’s team and technology, including fixed- and floating-rate lending systems and an onchain order book. The move adds expertise for fixed-rate borrowing, but does not mean a finished fixed-rate Aave product has launched for every user. Most people who take out a conventional loan want a…