Today's Crypto and Bitcoin News

CEO Elon Musk announced that Tesla would reduce Cybertruck production at Gigafactory Texas around mid-2027 to increase Cybercab robotaxi output. Musk did not specify whether Tesla would manufacture Cybertruck at another location or discontinue the pickup entirely. Cox Automotive estimates that U.S.

Strive, a bitcoin treasury company, reported third-quarter net income of $509 million on Friday, with unrealized bitcoin gains accounting for the entire profit. Strive reported unrealized gains exceeding $533.7 million during the quarter. Strive's diluted earnings were $5.24 per share. Strive also r

By Nora Redmond and William GavinThe Cybertruck failed to catch on with car buyers due to high prices and some notable recallsThe Tesla Cybertruck is headed for the scrap heap of history.Tesla will wind down production of its Cybertruck electric pickup, according to CEO Elon Musk, putting an end to

CoinDesk reports:Inspired by Gen Z insights, UO celebrates the season with the most sought-after gifts, holiday fashion, and community experiences, in collaboration with DoorDash.Philadelphia, November 6 /PRNewswire/ — Urban Outfitters is launching its holiday campaign this season, “All Together Now

Author: Wall Street JournalOn November 3, Dylan Patel, founder and CEO of semiconductor research firm SemiAnalysis, delivered a speech at Runtime 2026 on compute, capital, and data centers.He stated that OpenAI and Anthropic are heavily reserving computing power; for example, in 2027, the two compan

According to ME News, on November 7 (UTC+8), Bitcoin reserve company Strive reported a net profit of $509 million for the third quarter, including $533.7 million in unrealized gains from digital assets; operating income amounted to $2.7 million, while operating expenses totaled $38.7 million.Strive

Key takeawaysEthereum plunges 8% as cryptocurrency selling intensifiesSpot ETH ETFs record nearly $100 million withdrawalsLosing $2,200 could expose $2,100 supportEthereum fell more than 8% toward $2,200 on November 6, reversing its post-election recovery as institutional withdrawals, leveraged liqu

A final Labor Department rule that would shield employers who add private equity, real estate, and crypto to 401(k) plans reached the White House on Thursday. The review is the last step before the rule is published.Employer savings plans such as 401(k)s held $15 trillion at the end of June, Investm

Odaily Planet Daily reports that, according to Odaily monitoring, a contract address has accumulated profits of approximately $30.23 million. Between 22:43 and 23:32 on November 6, it increased its short position in SKHX by 5,482.071 tokens, valued at approximately $4.66 million at the reference pri

CoinDesk reports:After the S&P 500 posted its largest single-day decline in over a year, selling pressure in U.S. stocks eased slightly on Friday. Bargain hunters began entering the market, providing support to previously hard-hit artificial intelligence-related stocks. However, other markets remain

Key takeawaysBitcoin retreats toward $75,000 after failed recoverySpot Bitcoin ETFs lose $430 million dailyBreaking $75,000 could expose $72,000 supportBitcoin fell toward $75,000 on November 6, surrendering its post-election recovery above $80,000 as another wave of institutional selling pushed cry

Huo Xing Cai Jing reports that, on November 6, according to CNBC, the probability of Anthropic announcing an IPO before December 1, as tracked by the prediction market Kalshi, fell from nearly 90% to 57% over the past week; the probability of an IPO announcement before January 1, 2027, also dropped

Wall Street's Cboe Volatility Index (VIX) surged nearly 70% on Thursday and finished at 28.18. Barchart ranked the increase as the third-largest in VIX history. Stock sentiment readings now indicate greater fear than crypto readings, reversing the usual relationship.The Nasdaq Composite declined 5.5

Wall Street's Cboe Volatility Index (VIX) surged nearly 70% on Thursday and finished at 28.18. Barchart ranked the increase as the third-largest in VIX history. Stock sentiment readings now indicate greater fear than crypto readings, reversing the usual relationship.The Nasdaq Composite declined 5.5

Following the Democrats’ victory in the US midterm elections, which secured control of both the House of Representatives and the Senate, markets experienced sharp declines.At this point, a sharp sell-off occurred in US technology stocks. US President Donald Trump blamed the Democrats for the sharp d