CRYPTO
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Metaplanet Reports $170M Loss as Bitcoin Sales Weigh on Earnings
Metaplanet swung to a $170 million net loss in the first nine months of 2026, hit by a decline in the value of its Bitcoin holdings and a loss on the sale of 10,000 coins to demonstrate its ability to raise cash. The Japanese company, the world’s second-largest publicly traded corporate Bitcoin (BTC) holder, posted a net loss of 27.16…
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Brazil’s Mercado Bitcoin to Resume Cash Withdrawals After $49M Hack
Crypto exchange Mercado Bitcoin will resume deposits and withdrawals in Brazilian reais via Pix, the country’s instant payment system, next week, a company representative told Cointelegraph. The restart will come more than 15 days after an attack drained an estimated $49 million from wallets linked to the exchange. Customers will only be able to withdraw funds to accounts in their…
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Ex-FBI agent stole almost $2.5M crypto
A former FBI counterintelligence agent admitted to wire fraud and money laundering in stealing almost $2.5 million in cryptocurrency from unidentified adversarial nations and wallets that were under investigation. Patrick Steven Yaroch, 37, used his investigative positions with access to FBI systems to steal cryptocurrency, then exchange and launder it through financial transactions to conceal its source and ownership. Yaroch…
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TRUMP, WLFI Tokens Plunge As Democrats Win US Midterms
Two crypto tokens linked to US President Donald Trump led losses among the top 100 digital assets on Wednesday following the US midterm elections, raising questions about their future as the broader crypto market rallied. Official Trump (TRUMP) fell 17% over 24 hours to $1.33, while World Liberty Financial (WLFI) dropped over 7% to $0.047, according to CoinMarketCap data from…
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DeepSeek developing AI agent requiring less human input: Report
The proposal comes amid intense competition among AI developers, including US companies Anthropic and OpenAI, the SCMP said. Source link
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Blockchain industry revenue shifts toward publicly traded firms
Publicly traded companies accounted for 16% of blockchain industry revenue in 2026, more than double their 7% share in 2022, according to a new report from crypto investment firm 1kx. The increase comes as overall blockchain revenue is projected to decline 28% year over year to roughly $100 billion in 2026. The report analyzed data from more than 2,600 protocols…
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Canada Opens Consultation Under Stablecoin Act, Expecting Implementation in 2027
Lawmakers in the Canadian government opened a 60-day public consultation on regulations proposed to address non-financial institution stablecoin issuers, including a potential prohibition on yield payments. On Saturday, the government of Canada gave notice that it would be open to public comment on the stablecoin regulations until Dec. 23. The proposed framework cited efforts to be consistent with stablecoin regulations…
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Reports of Hackers Minting Tokens, Moving Millions to Ethereum
Initia halted its layer-1 blockchain and rollups after blockchain sleuths reported an exploit that allowed an attacker to mint tokens without authorization and drain more than $2.6 million in crypto assets. The network was halted at 3:41 p.m. UTC on Friday following a security incident, Initia said in a post on X. The team said it was working with security…
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Crypto Shutdowns Surge as Funding and Revenue Dry Up
Crypto researcher Stacy Muur has identified 82 digital asset projects and protocols that have reportedly shut down in 2026, raising questions about the financial sustainability of businesses across decentralized finance, blockchain infrastructure and Web3 gaming. The list, published on X on Tuesday, includes Balancer, Radiant Capital, Neon EVM and Step Finance, among dozens of others. Muur described the number of…
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Solana shows resilience, but some areas need continued observation, Fidelity says
Solana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software should be monitored, according to a report. Source link
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