Today's Crypto and Bitcoin News

Rep. Bill Huizenga lost reelection to Democrat Sean McCann despite about $1 million in backing from crypto super PAC Fairshake. The Associated Press called Michigan's 4th Congressional District race on Wednesday afternoon. With more than 97% of ballots counted earlier today, McCann held a 50.1% to 4

CoinDesk reports:Crypto neobank KAST is facing community backlash after abandoning its token generation event (TGE) plan and introducing KAST Pioneer Units (KPU) as an alternative reward for early users. On Monday (November 2), KAST announced that its points program will end on November 30, with eli

Rep. Bill Huizenga lost reelection to Democrat Sean McCann despite about $1 million in backing from crypto super PAC Fairshake. The Associated Press called Michigan's 4th Congressional District race on Wednesday afternoon. With more than 97% of ballots counted earlier today, McCann held a 50.1% to 4

By Christine JiInvestors are flocking to Apple as a tech safe haven as AI infrastructure names come under pressure from midterm election resultsShares of Apple logged their best day in over a year on Wednesday.Apple shares surged to an all-time high on Wednesday, further cementing the iPhone maker's

Crypto advocacy group Stand With Crypto (SWC) counted 241 election winners rated pro-crypto in the group's November 4 scorecard. The House tally included 222 winners rated pro-crypto and 106 rated anti-crypto. The Senate tally included 19 winners rated pro-crypto and eight rated anti-crypto. The sco

Crypto advocacy group Stand With Crypto (SWC) counted 241 election winners rated pro-crypto in the group's November 4 scorecard. The House tally included 222 winners rated pro-crypto and 106 rated anti-crypto. The Senate tally included 19 winners rated pro-crypto and eight rated anti-crypto. The sco

MP Materials shares have reached 16-month lows before the company releases third-quarter results Thursday after the market closes. A particularly strong financial performance may be needed to direct attention toward the company rather than MP Materials' White House relationship. Whether the midterm

Following the sweep in U.S. midterm elections, House Democrats are actively discussing plans to introduce an overall cryptocurrency market structure bill for the upcoming Congress. According to crypto journalist Eleanor Terrett, the discussions involve expanding Representative Maxine Waters’ earlier

This roundup covers companies scheduled to release earnings after Thursday's market close. Benzinga Pro data indicate that Airbnb options imply a 6.73% price move after earnings, equivalent to $6.69 billion in market value. Airbnb has a market capitalization of $99.4 billion. Airbnb's implied percen

Morgan Stanley said on Tuesday it has tokenized US stocks and Treasuries through a Depository Trust & Clearing Corporation (DTCC) service that went live on October 28.The bank is now among the first ones to tokenize real-world assets following the launch of the DTCC Tokenization Service (DTS).“T...

Democratic victories in both chambers of Congress triggered a Wednesday stock-market rally that lifted VTI and SPY. Investors anticipated that greater political gridlock could restrain major policy changes and make the economic outlook less uncertain. However, differences between mega-cap technology

According to ME News, on November 5 (UTC+8), cryptocurrency mining company Hut 8 sold 954 bitcoins in the third quarter, generating $74.8 million for share repurchases; in October, it sold an additional 2,148 bitcoins, raising $175.4 million. In total, over the two phases, Hut 8 sold 3,102 bitcoins,

Odaily Planet Daily report: Cryptocurrency mining company Hut 8 sold 954 bitcoins in the third quarter, generating $74.8 million for share repurchases; in October, it sold an additional 2,148 bitcoins, raising $175.4 million. In total, over the two phases, Hut 8 sold 3,102 bitcoins, cashing out appr

Ripple CEO Brad Garlinghouse rejected suggestions that RLUSD competes with XRP, saying the stablecoin benefits XRP. Speaking at Swell, Garlinghouse said XRP remains Ripple's central priority and that recent attention to RLUSD was not intended to divert attention from XRP. Garlinghouse said roughly h

Ripple CEO Brad Garlinghouse rejected suggestions that RLUSD competes with XRP, saying the stablecoin benefits XRP. Speaking at Swell, Garlinghouse said XRP remains Ripple's central priority and that recent attention to RLUSD was not intended to divert attention from XRP. Garlinghouse said roughly h