Asian stocks tumble, bitcoin retreats as China enters bear market
Technology shares led regional losses as mixed U.S. earnings unsettled investors and Brent crude climbed above $112 a barrel. Source:CoinDesk
Why a global bank is slashing thousands of jobs — and what the Fed says about AI replacing workers
Barclays on Thursday said it’s cutting 5,000 jobs, about 5% of its workforce, as the bank relies on artificial intelligence to perform backoffice tasks.…
Bitcoin ETFs bag another $528M, taking 3-day haul past $1B
US spot Bitcoin ETFs drew $1.08 billion over three trading sessions to push October flows back above water. Source:Cointelegraph
Top HSBC strategist has a warning for retail investors chasing the AI rally
Maxx Kettner, HSBC’s chief multiasset strategist, says the investors need to understand the goal posts are constantly moving with AI investing.…
China seeks to seize 61,800 BTC tied to $5.7 billion fraud scheme
Chinese prosecutors are seeking to confiscate more than 61,800 Bitcoin tied to a $5.7 billion fraud scheme, days after a U.K. court ruled Chinese law governs…
Move over memecoins: Crypto ‘meme games’ coming, bagholders and all
“Plenty will be ponzis. Plenty will get exploited. Plenty will insta die. There will be ridiculous gains, and people will get absolutely fing rinsed,” says…
Solana’s biggest network change since 2020 is live. Here’s how users benefit
The new voting system targets settlement in about 150 milliseconds, potentially shortening waits for payments and deposits. Users can keep their existing…
Bitcoin ETFs attract $1.08 billion in 3 days but it may not be enough for a steep rally
Past steep rallies ran on about $235 million a day of net inflows into ETFs. The funds are yet to match that pace, according to data analyzed by CoinDesk.…
XRP Ledger bug fix moved to November after validator support dipped for two hours
The fix lost its twoweek countdown less than two days from the finish after support slipped to 26 of 35 validators. It’s now back at 31. Source:CoinDesk
Bitcoin gives back its run at $85,000 as Tesla and Meta fail to calm AI nerves
BTC broke through its $84,000 ceiling late Wednesday, then slid back to the $82,500 support analysts are watching as tech futures fell. Source:CoinDesk
My father-in-law, 81, sold his $75,000 home and paid off his daughter’s $50,000 debt. What happens to him now?
“Nothing has been set aside for his needs.” Source:MarketWatch
This wonky maneuver kept Mark Zuckerberg from fleeing a California billionaire tax
Facing a potentially giant tax bill that could threaten his voting power, Zuckerberg was days away from listing his Palo Alto home when Meta agreed to create a…