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Farhad | Crypto News

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Hong Kong just took bank settlement off the clock. Its monetary authority moved EnsembleTX to 24/7 real-value settlement — tokenised deposits settling in central-bank money, beyond banking hours. It also completed secondary-market trials in tokenised Exchange Fund Bills, and regulated stablecoins are next in the trials. This is not a retail coin launch. It is the plumbing: money moving when markets do, not when offices open. Bitcoin sits near $76,900 while Hong Kong rewires settlement itself — the question is which financial centre follows first.

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Bitcoin just did something it has never done at a midterm election. It is trading above its 200-day moving average — near $76,400, against an average around $73,169. In 2014, 2018 and 2022, Bitcoin went into the midterms 35%, 9% and 22% BELOW that same line. The selloff is real — early results knocked it under $77,000, and prediction markets now price a Democratic sweep near 95%. But the long-term trend line hasn't broken. The question is whether election night is a dip in an uptrend — or the start of the break.

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Early midterm results are in — and crypto just blinked. Bitcoin slipped below $77,000 as early results pointed to Democratic gains in Congress, reversing part of its November 3 recovery. The worry in the market: a shift in House control could further delay crypto legislation, including the CLARITY Act. The backdrop was already fragile — Bitcoin and Ether ETFs saw about $1.3 billion in combined outflows over two trading days. The votes were the trigger. The question now is what the new House does with crypto's rulebook.

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The XRP Ledger is closing a loophole today — one that could let tokens be created by accounts only allowed to destroy them. The fix, called fixCleanup3_4_0, targets November 4, with activation estimated around 14:46 UTC if validator support holds. Support is strong: 33 of 35 tracked trusted validators back it, about 94%, well above the 80% needed. The flaw hit issued tokens and stablecoins on the ledger — not XRP's own supply. And the warning stands until it lands: account owners are advised not to grant that burn permission in the meantime. Bitcoin sits near $77,800 while a quiet network upgrade does what headlines rarely do — fix the plumbing before it breaks.

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AMD just beat on every headline number — and the market still found a catch. Revenue hit a record $13.38 billion in Q3, up 45% from a year earlier, beating the $13.10 billion expected. Data centre sales nearly doubled, up 97% to $8.5 billion. Adjusted earnings came in at $2.09 a share, above the $1.95 consensus. Then the guide: about $17 billion for Q4, above the roughly $16.3 billion expected — and the stock rose about 7% after hours, to about $519. The catch: free cash flow fell to $554 million, down from $1.53 billion a year earlier. Bitcoin sits near $77,900 while the chip trade asks a sharper question — is this growth, or growth bought on credit?

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Bitcoin's chart just flashed a red signal — and it is not about price. CoinDesk reports the Guppy Multiple Moving Average has turned bearish: Bitcoin's price has dropped below both moving-average bundles, and the short-term bundle has slipped below the long-term one. The long-term lines are now squeezing together and starting to slope downward. That is the textbook shape of a trend losing its floor, not a single bad day. Bitcoin sits near $76,800, down about 1.8% on the day, after slipping below $77,000. A red GMMA does not call the bottom. It says the trend itself has flipped — and traders now wait for the chart to prove it wrong.

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BlackRock's Bitcoin fund just saw its biggest exit since June. IBIT recorded $405.3 million in net outflows on Monday, November 2 — its largest single-day withdrawal since June 26, when $444.5 million left. The twist: total US spot Bitcoin ETF outflows that day were $398.6 million — less than IBIT alone. Fidelity's FBTC actually took in $6.7 million, partly offsetting the exit. So this was not every fund bleeding at once. It was the biggest fund doing the bleeding, while a smaller one still attracted money. Bitcoin sits near $76,700, down about 2% on the day. When the market's largest Bitcoin vehicle sees its heaviest exit in four months, the question is whether holders are leaving Bitcoin — or just leaving IBIT.

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Strategy just bought Bitcoin at $80,846 — and Bitcoin now sits near $77,000. The company bought 811 BTC between October 26 and November 1 for about $65.5 million, per its November 2 SEC filing. That latest tranche is already underwater. But the full stack tells a different story: 849,327 BTC at an average cost of $75,451 — still below today's price. So the newest buy is losing, while the long-held stack is still ahead. The twist: in the same week, Strategy spent $208.2 million buying back its own preferred stock — more than three times what it spent on Bitcoin. The biggest corporate Bitcoin buyer is still buying. It just spent more defending its own stock than adding to the stack.

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AMD reports after today's close — on Election Day itself. Wall Street expects revenue near $13.1 billion, up about 42% from a year ago, with earnings of $1.95 a share, up from $1.20. The setup is bruised: the stock fell almost 11% on Friday to $504.80 after Intel's weak outlook rattled chip names. Options traders are pricing a move of about 9% in either direction after the print. The number that matters most isn't the quarter just ended — it's whether data-center growth accelerates, and what AMD guides for the holiday quarter.

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Apple's new CEO faces his first earnings test after today's close — and the test isn't demand. Analysts expect $113.4 billion in revenue, up about 11%, with iPhone sales near $56.5 billion, up about 15%. But profit growth is expected to slow to its weakest pace in six quarters — because memory-chip costs are rising, squeezing margins to 47–48% from 50.1%. The catch: the quarter holds only nine days of new iPhone 18 Pro sales. The real verdict comes with the holiday-quarter outlook. Strong sales, thinner margins. Tonight's report is about what Apple keeps, not just what it sells.