Coinbase Explains Cold-Storage Defences After Binance Breach Shakes Crypto Industry
TL;DR: Coinbase says it was not affected by the reported Binance hot-wallet incident and that more than 99% of customer assets are kept in cold storage. The exchange outlined controls around signing, withdrawal limits and suspicious activity, offering a useful test of how custodians should explain security practices. A major attack on one exchange inevitably…
Riot Sells More Than 20,000 Bitcoin as AI Data-Centre Contracts Reach $38B
TL;DR: Riot Platforms says it sold 20,264 BTC in the first nine months of 2026, raising about $1.5 billion primarily for data-centre development. Its latest quarterly release puts long-term contracted data-centre revenue at around $38 billion, underlining how far the miner’s business model is shifting. Riot Platforms has made a striking choice with its Bitcoin…
Hut 8 Expands AI Campus Commitments While Funding Buybacks With Bitcoin Sales
TL;DR: Hut 8 says it fully commercialised its Beacon Point AI campus with a second 352 MW lease, taking expected aggregate base-term contract value across its AI data-centre portfolio to about $26.6 billion. The company also sold Bitcoin to fund share repurchases, showing how mining-era assets are being redeployed. Hut 8’s third-quarter update is less…
Core Scientific’s AI Colocation Revenue Jumps to $215M as Mining Role Shrinks
TL;DR: Core Scientific reported $215.4 million in third-quarter colocation revenue, nearly 60% above the prior quarter, while billing 485 MW of capacity. Its results show how an operator once known for Bitcoin mining is building a much larger business around contracted AI infrastructure. Some Bitcoin mining companies have talked about their artificial-intelligence ambitions for years.…
Cipher Digital Starts Booking HPC Lease Revenue as $9.1B Contract Takes Shape
TL;DR: Cipher Digital says it recognised its first high-performance-computing lease revenue in the third quarter of 2026 and extended its Barber Lake lease to 20 years, increasing contracted revenue to $9.1 billion. The milestone is about converting data-centre development into an operating business, not an instant cash windfall. A signed data-centre lease and a functioning,…
Circle’s USDC Transaction Volume Rises 49% Even as Reserve Income Faces Pressure
TL;DR: Circle reported $13.9 trillion of USDC onchain transaction volume in the third quarter of 2026, up 49% year over year, while average USDC circulation reached $73.3 billion. The issuer’s results show strong network activity, but that does not translate directly into equivalent revenue growth. Stablecoin businesses are often judged by a single number: how…
BVNK Opens OUSD Minting and Payments Across Four Blockchains
TL;DR: BVNK says eligible business customers can now mint, redeem, hold and transfer Open USD (OUSD) on Ethereum, Solana, Base and Tempo. The November 6 rollout is a practical payments integration, but the company has not provided transaction volumes proving how extensively the new service is being used. A stablecoin’s biggest hurdle may not be…
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…