Crypto

Bitcoin bounced back from an early dip as ZEC, HYPE and SOL led altcoin losses. JPMorgan fell after kicking off U.S. earnings season. Bitcoin bounced back from an early dip as ZEC, HYPE and SOL led altcoin losses. JPMorgan fell after kicking off U.S. earnings season. Bitcoin swung through a $3,000 range over the past 24 hours. It fell to about $81,000 in early Asian trading, then ripped back above.

Crypto

South Korea’s chipmakers lead another sharp selloff as concerns over AI spending and Chinese competition grow, while bitcoin holds well above its summer lows. South Korea’s stock market suffered another sharp selloff on Tuesday, with the KOSPI falling 5.5% during Asian trading. The index is now roughly 38% below its June all-time high, extending a reversal that contrasts with bitcoin’s 40% recovery. Bitcoin bottomed near $58,000 shortly after the KOSPI.

Crypto

The hardware-wallet maker gave its first public account of how a covert component in devices sold by CryptoBilis could steal users’ master keys without changing Ledger’s software. Covert hardware implanted in some Ledger crypto wallet devices sold by Southeast Asian reseller CryptoBilis read users’ 24-word recovery phrases from the gadget screen and sent them to an attacker over a mobile phone network, Ledger said Tuesday in an investigation update on.

Crypto

A bitcoin whale that received coins days before the Covid crash and sat through it has moved millions on-chain. A bitcoin BTC$82,292.69 whale that received its coins days before the Covid crash of March 2020 and sat through it has moved $377.6 million worth of them. The wallet, 18VmXvkF4cgLi35RtMiHHDpvMjUCyVpQ9x, sent roughly 4,582 BTC to five addresses on Monday, according to blockchain data from Arkham and mempool.space, two public explorers that.

Crypto

About $800 million in leveraged positions were wiped out over 24 hours, 86% of them bullish. Chip-stock contracts on crypto exchanges took a chunk of the damage. Traders betting on SanDisk lost more to forced liquidations over the past 24 hours than traders betting on XRP — a sign of how much leverage on crypto exchanges now sits on chip stocks. About $803 million in leveraged positions were liquidated across.

Crypto

Blur will close its website on Nov. 12 after monthly trading fell from about $1.43 billion at its 2023 peak to under $7 million, ten days after sister project Blast announced its own shutdown. Blur, once the largest marketplace for trading Ethereum NFTs, is shutting down its website next month after trading activity collapsed more than 99% from its peak, marking the second major retreat in ten days for projects.