Crypto Biz: Bitcoin’s $116M self-custody wake-up call
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Bitcoin plunged nearly 5% as AI stocks sank, Democratic midterm wins raised fresh policy questions, and forced liquidations erased a Wednesday rally that had been fueled partly by short covering.
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Bitcoin faces mounting quantum security concerns as Ripple secures a US banking charter, USDC gains ground in Europe and VanEck adds BTC to a new ETF.
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Bitcoin fell toward $75,500 after AI stocks plunged, and over $1 billion in the crypto derivatives market has been wiped out.
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Bitcoin Rebounds After Democratic Midterm Sweep, But Crypto Faces Tougher Fight in Washington
Bitcoin bounced back after Democrats won control of Congress, but a stalled market structure bill and heavy industry campaign spending reveal crypto’s exposure to shifting US political power.