Bitwise CIO says Binance’s $6.3B hack is unlikely to have lasting impact on Bitcoin
The crypto market's maturity is evident as major tokens remain stable, highlighting a shift towards fundamentals over speculative sentiment.
Bitcoin mining companies Riot Platforms and Hut 8 disclosed substantial bitcoin sales in their respective third-quarter earnings reports on Wednesday, with Riot liquidating more than 10,000 BTC during the quarter to finance its data center expansion and Hut 8 selling cryptocurrency to fund share repurchases.
Bitcoin surged more than 5% from its election-night low to reclaim $80,000 for the first time since Binance's record hack. The cryptocurrency extended its recovery from approximately $75,600 on Wednesday, shaking off concerns that Democrats' takeover of Congress would undermine President Donald Trump's crypto-friendly agenda.
November 4, 2026, 6:20 pmRiot sold 79% of its Bitcoin to build Texas AI data centers.
November 4, 2026, 6:17 pmThe crypto market's maturity is evident as major tokens remain stable, highlighting a shift towards fundamentals over speculative sentiment.
Bitcoin Magazine Jack Dorsey’s Block (XYZ) Sets Aside $764 Million for DOJ Settlement as Bitcoin Profit Halves Block agreed in principle to a $764 million deferred-prosecution deal over anti-money-laundering failures at Cash App, a sum that exceeds its $566 million Q3 profit, while bitcoin gross profit fell 50% after the company cut trading fees.
Strategy’s STRC preferred shares reached the $100 mark on Wednesday for the first time since May, marking a significant milestone for the bitcoin treasury company just days after it began paying daily dividends to shareholders.
Bitcoin Magazine Librería de Satoshi Rebrands to ISMOS, Launches Global Platform to Train One Million Bitcoin Developers Dulce Villarreal’s ISMOS rebrands from Latin America’s Librería de Satoshi and launches a multilingual open-source platform to train one million Bitcoin and Freedom Tech developers worldwide, backed by Btrust and the Human Rights…
Bitcoin rebounded from an intraday low of $75,618 to surge past $81,000 for the first time since Oct. 29, climbing nearly 4% on the day to bring its market cap near $1.62 trillion.
Nearly flat implied network growth offers limited relief when hedges still leave miners exposed to costs and delivery.
Bitcoin bounced back after Democrats won control of Congress, but a stalled market structure bill and heavy industry campaign spending reveal crypto’s exposure to shifting US political power.
Bitcoin climbed toward $80,500 as risk assets rallied on Democrats’ midterm election gains and oil prices fell.
Bitcoin's surge highlights the volatility and risks of leveraged trading, as rapid price shifts can trigger cascading liquidations and market instability.