Today's Crypto and Bitcoin News

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2026/11/03

Shanghai's first case of AI model compute theft results in a three-year suspended sentence.

According to ChainCatcher, as reported by The Paper, the Xuhui District People’s Court in Shanghai sentenced Zong to three years in prison, suspended for three years, and a fine of RMB 40,000 for the crime of illegally obtaining data from a computer information system. This is Shanghai’s first case

South Korea HBM Smuggling Network Exposed: Black Market Prices Reach $4,000 per Stack

Author: Shenchao TechFlowDeepChaohao导读: Amid the shadow of global AI computing power blockades and chip embargoes, a clandestine network for smuggling high-end memory devices is secretly operating, linking South Korean manufacturers, Hong Kong transshipment hubs, and Shenzhen workshops. A deep inves

ZeroBeta and Lynq Integrate Tokenized Treasury Collateral for Lending and Margin

TL;DRZeroBeta and Lynq announced their collateral integration on October 27.The arrangement connects BlueShift risk controls to Lynq collateral locks.Interest-bearing collateral remains committed to the obligation it supports.ZeroBeta and Lynq are connecting tokenized Treasury holdings to institutio

KuCoin Completes USDT Contract Swap on Optimism Network

Based on Announcement, KuCoin has completed the USDT contract swap on the Optimism network, converting old USDT to new USDT at a 1:1 ratio for all users. Deposit and withdrawal services for the new USDT are now available, while old USDT deposits are not supported and may result in asset loss.

Solana-Based Stablecoin Card Payments Hit $141M in October

Card payment transactions made with stablecoins issued on the Solana blockchain reached an all-time high of $141 million in October. The Solana Foundation announced that payment volume increased sevenfold compared to the same period last year.According to data shared by the Solana Foundation via its

BlackRock Bitcoin ETF Sees $405M Outflows on Nov. 2, Largest in Four Months

BlackRock’s spot Bitcoin ETF recorded $405.3 million in net outflows on November 2.The withdrawal marked the fund’s largest daily outflow in more than four months.The sharp decline highlights weaker ETF demand, although it does not necessarily signal a lasting trend.BlackRock’s spot Bitcoin exchange

Tether Increases BTC Holdings to 150,000

According to disclosures by Bitcoin Treasuries on X, Tether CEO Paolo Ardoino stated that the company’s Bitcoin holdings have increased to approximately 150,000 BTC, up by about 50,000 BTC from the previous holding of around 100,000 BTC.

Tether Increases Bitcoin Holdings to 150,000 BTC

Odaily Planet Daily reports: Bitcoin Treasuries posted on X that Tether CEO Paolo Ardoino announced Tether has further increased its Bitcoin holdings by 50,000 BTC, bringing its total holdings to 150,000 BTC. This move pushes the total Bitcoin holdings of private companies beyond 200,000 BTC.

Bitcoin's GMMA Signals Bearish Momentum Amid ETF Outflows

Bitcoin's daily chart is showing a bearish signal from the Guppy Multiple Moving Average (GMMA). Bitcoin's price is below both groups of moving averages, while the short-term group has crossed beneath the long-term group. Daryl Guppy, the trader who developed the indicator, describes that configurat

NVIDIA Requires Cloud Providers to Sell 51% of Computing Power to Non-Chinese Clients

BitPush News, citing sources, the Financial Times reported that NVIDIA has asked its global data center and cloud computing partners to sell at least 51% of their computing services to non-China customers. This requirement has been verbally communicated by the sales team since this summer, with no w

China Advances Legislation on the Full Lifecycle of AI, Introduces Regulatory Sandbox

BiTui News: The National Development and Reform Commission stated that it will accelerate the advancement of comprehensive legislation on AI, establishing safety standards and ethical guidelines covering the entire lifecycle—from data, computing power, and algorithms to specific applications—includi

ZachXBT Raises Suspected European Institution Crypto Theft Estimate to $133M

On-chain investigator ZachXBT raises loss estimate and alleges a cover-up tied to the breach.A suspected crypto theft tied to a European institution has grown in scale, according to on-chain investigator ZachXBT. The estimated losses now stand at $133 million, up from earlier figures reported around

Mike Flaum Predicts Bitcoin To Reach New High In 2027

Log Scale Investments CEO Mike Flaum believes Bitcoin (BTC) will hit a new all-time high in 2027, arguing that it no longer adheres to the four-year price cycle.Flaum made the comments during a detailed interview with Bitcoin Magazine, discussing BTC’s price cycle and corporate treasury companies.Bi

ByteDance's Seedance overseas revenue exceeds 50%, growing nearly fivefold in six months

BitPush News, exclusively by The Intelligent Emergence: ByteDance’s video generation model, Seedance, has achieved a 50% overseas revenue share, with overseas revenue growing nearly fivefold over the past six months.In February of this year, Seedance 2.0 received a cease-and-desist letter from the M

U.S. Tech Giants Flood Euro Bond Market Amid Surge in AI Infrastructure Spending

Original author: Xu ChaoSource: Wall Street JournalU.S. tech giants are extending their fundraising reach into the euro bond market, and the resulting surge in bond supply is placing new pressure on the European credit market.Meta is planning its first-ever euro-denominated bond issuance as part of

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