Today's Crypto and Bitcoin News

Headline: China seeks more than 61,800 BTC held in UK as part of a $5.7B investment-fraud recoveryChina’s prosecutors have moved to confiscate a vast cache of crypto and other assets tied to a multibillion-dollar fraud, asking UK courts to hand over more than 61,800 Bitcoin (plus other coins and pro

Benzinga Pro data showed Cipher Digital shares down 11.71% at $8.06 at publication time on Thursday, setting a new 52-week low. Cipher Digital declined alongside AI infrastructure stocks as investors questioned the capital required for rapid industry expansion. Concerns about AI spending and financi

Sonic Labs to move ~13M S in strategic OTC deal as token slips nearly 6%Sonic Labs said it will transfer roughly 13 million S tokens under a strategic over‑the‑counter (OTC) agreement over the next 24–48 hours, an on‑chain movement the team flagged in advance to help the community identify the trans

Pump.fun adds take-profit and stop-loss orders for EVM chain trades. According to Jinse财经, on October 23, the meme coin launch platform Pump.fun announced the addition of take-profit and stop-loss order functionality for trades on EVM chains, following its earlier launch on Solana in September. This

Celestia (TIA) has a fresh catalyst as Fibre goes live on mainnet, marking what’s described as the biggest upgrade since the network’s launch. The timing matters: TIA has broken out of its descending channel on the weekly chart, and the upgrade could strengthen the bullish narrative. Still, a major

Andreessen Horowitz (a16z), one of crypto's most influential venture capital backers, is dropping "crypto" from the name of its investment arm and expanding into artificial intelligence and other emerging technologies, becoming the latest major crypto investor to broaden its focus.The Silicon Valley

TL;DR: BitGo has launched a research and product unit focused initially on AI and crypto. Its first projects include Gokubu, a consumer financial app that BitGo says is already live.BitGo is moving further into the application business with a new unit intended to build products on top of its digital

Goldman Sachs economist Joseph Briggs estimated in a Thursday note that AI could displace up to 9% of workers during the transition. The estimate assumes that AI eventually increases productivity by 15% in the U.S. and other developed economies. Briggs estimated that reduced hiring could weaken empl

Credit markets are signaling growing concern about borrowing risks among companies financing AI infrastructure and France's heavily indebted government. An analysis of FactSet data shows wider five-year credit default swap (CDS) spreads for CoreWeave, Oracle, SoftBank Group, France and Italy. Wider

Andreessen Horowitz has renamed its blockchain fund a16z Frontier, removing the crypto label. Thursday's announcement broadens the investment scope of the $2.2 billion fund announced in May. Managing partner Chris Dixon will lead the fund alongside Andreessen, Horowitz and general partners Eddy Lazz

Tesla's quarterly filing showed third-quarter net income of $787 million, a 43% decline from $1.37 billion a year earlier. Tesla delivered about 2% fewer cars while increasing spending on humanoid robots and driverless taxis. Revenue was unchanged at $28.05 billion. Operating profit declined 56% to

Andreessen Horowitz has renamed its blockchain fund a16z Frontier, removing the crypto label. Thursday's announcement broadens the investment scope of the $2.2 billion fund announced in May. Managing partner Chris Dixon will lead the fund alongside Andreessen, Horowitz and general partners Eddy Lazz

ME AI message, Mustafa Suleyman, Head of AI at Microsoft. | Getty Images For years, leaders in the AI field have claimed that healthcare is one of the clearest areas where their technology will improve people’s lives. Today, Microsoft AI CEO Mustafa Suleyman told The Verge: “It’s finally here.” The

The ABA opposes the OCC’s decision to review third-party stablecoin rewards case by case, citing potential deposit flight and reduced bank lending.The OCC grants stablecoin issuers more reserve flexibility while retaining one-to-one backing, liquidity safeguards and redemption reporting requirements

CoinDesk reports:London Stock Exchange Group (LSEG) has agreed to acquire the financial intelligence business Octus for $3.535 billion. The company owns an asset that is becoming increasingly valuable in the age of artificial intelligence: information that cannot be easily found online.The transacti