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11/13
23:02
According to The Block, citing SEC filings, Tether-backed Twenty One Capital reported a net profit of $1.087 billion in the third quarter, driven almost entirely by $1.093 billion in fair value gains from its Bitcoin holdings. During the same period, the company recorded an operating loss of $4.8 million and $1.34 million in interest expenses. As of September 30, the company held 43,514 BTC. For the first nine months of 2026, the company posted a cumulative net loss of $186.5 million. CEO Rapha Zagury stated that gains generated from holding assets are distinct from profits driven by operating business. The quarterly gains mentioned above should not be equated to realized cash gains, nor do they represent cumulative profitability for the first three quarters.
22:51
Crypto-related stocks slumped as Bitcoin touched a three-month low, with Hut 8 leading the losses with a 6% drop. Riot Platforms fell 3.9%, MARA Holdings lost 3.9%, Robinhood declined 3.2%, MicroStrategy dropped 2.1%, and Coinbase edged down 0.5%. Bitcoin's weakness is spilling over into crypto stocks, with mining companies among the hardest hit.
22:46
Citing the Associated Press via Al Jazeera's live updates, Workhorse Group has delayed its quarterly earnings release due to the Microsoft service outage. Al Jazeera also reported that emails or software applications used by U.S. House of Representatives staff and multiple local governments across the United States were also impacted. Baltimore County stated that its 911 emergency call system remained unaffected, while the city of Jacksonville reported that public safety was not impacted. The above represents the scope of impact described by various agencies and media outlets, and does not imply a disruption to all public services. The cited updates did not provide a new earnings release date for Workhorse.
22:31
Boston Fed President Collins said on Friday that tighter monetary policy may be needed to cool prices, and that curbing inflation takes precedence over addressing the challenges facing the real estate market.
22:31
According to Bitcoin Magazine, Bitcoin briefly touched approximately $67,555 in the early hours of Friday, Eastern Time, before rebounding, and climbed to around $69,800 following the release of the U.S. October PPI data. Citing market data from Bitcoin Magazine Pro, the report noted that the earlier low was the lowest since mid-August, while also pointing out that the U.S. dollar remains near 19-month highs. The aforementioned price levels were cited at the time of the article and should not be considered current real-time quotes; the rebound following the PPI release is an update to this event and does not alter the previously reported context of breaking below the 200-week moving average.
22:31
According to the latest data from the U.S. Energy Information Administration (EIA), driven by persistent drought in the Colorado River basin, hydroelectric generation in the Southwestern U.S. power supply region dropped 19% year-over-year from April to August 2026, coming in 28% below the 10-year average and hitting a record low for summer generation. The region covers Arizona, New Mexico, and small parts of Nevada and California. In its November Short-Term Energy Outlook, the EIA projected that hydroelectric generation in the region for full-year 2026 will reach 6.13 billion kilowatt-hours, a 9% year-over-year decline, accounting for about 4% of the region's power generation mix. The aforementioned full-year figures are projections rather than finalized annual statistics, nor do they represent the nationwide decline in U.S. hydroelectric generation.
22:16
According to Deltaone on X, BofA Global Research has added a 25-basis-point rate hike by the Federal Reserve in January 2027 to its projected path, and now expects rate hikes in December 2026, January 2027, and March 2027. The post did not specify the bank's previous baseline forecast for January, so it cannot be claimed that the bank has shifted from a rate cut to a rate hike based on this. The above represents BofA Research's projections and is not an interest rate decision already made by the Federal Reserve.
22:08
According to the Financial Times, U.S. Treasury Secretary Scott Bessent has blamed the Department of Commerce, led by Commerce Secretary Howard Lutnick, for failing to place Megaspeed on the blacklist, a move that threatens to further escalate tensions within the Donald Trump administration surrounding the NVIDIA scandal.
22:01
According to Cointelegraph, BitMEX co-founder Arthur Hayes expressed that he was "honored" by Coinbase's stance supporting the CFTC in the legal dispute over U.S. stock perpetual contracts. The report states that Coinbase, along with five other companies, filed an amicus brief opposing industry groups' efforts to block the trading of single-stock-linked perpetual contracts. Hayes compared this to BitMEX's launch of perpetual swaps in 2016. The aforementioned represents Hayes' response and the positions of the litigation parties, and does not imply a final ruling has been reached regarding the legal classification dispute of the product.

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