Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, MegaETH co-founder Shuyao Kong said the restructuring affected employees who helped build the project’s blockchain, wallet and ecosystem. OpenAI launched AI payments in ChatGPT, while Jane Street nearly eightfold its Fidelity Bitcoin ETF holdings while trimming its BlackRock stake.

MEGA, the organization behind Ethereum layer-2 network MegaETH, has reduced its workforce by 20% following months of restructuring as it expands into artificial intelligence products. 

On Friday, MegaETH co-founder Shuyao Kong said the organization had reorganized its teams, resulting in the departures of staff who worked on its blockchain, wallet, ecosystem support and communications. Kong did not disclose the number of employees affected or when the layoffs occurred. She said MEGA’s founders, early employees and core engineering team remain committed to the organization.

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Microsoft attributed the outage to a network capacity upgrade issue, confirming that the disruption was unrelated to cyberattacks or AI agents.

Microsoft said it restored Microsoft 365 services after a global outage disrupted Outlook, Teams and other applications for more than 24 hours, reiterating that the disruption was not caused by a cyberattack.

On Saturday, the company said it “restored service to the remaining impacted customers and regions,” directing customers to incident MO1550821 in the Microsoft 365 admin center.

On Friday, Microsoft said that the outage stemmed from a problem introduced during an earlier network capacity upgrade that emerged after a recent network change. “This was a technical issue not related to cyber or AI/agents,” the company said.

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MegaETH co-founder Shuyao Kong said the restructuring affected employees who helped build the project’s blockchain, wallet and ecosystem.

MEGA, the organization behind Ethereum layer-2 network MegaETH, has reduced its workforce by 20% following months of restructuring as it expands into artificial intelligence products. 

On Friday, MegaETH co-founder Shuyao Kong said the organization had reorganized its teams, resulting in the departures of staff who worked on its blockchain, wallet, ecosystem support and communications. Kong did not disclose the number of employees affected or when the layoffs occurred. She said MEGA’s founders, early employees and core engineering team remain committed to the organization.

“We’ve brought together new capabilities and reorganized our teams, a process that has resulted in a 20% reduction in our staff,” Kong said. “These are people who helped build MEGA from its earliest days.”

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US spot Bitcoin ETFs recorded $185.4 million in net outflows Friday, with BlackRock’s IBIT accounting for $143.5 million and Fidelity’s FBTC shedding $41.9 million.

US spot Bitcoin exchange-traded funds (ETFs) recorded $2.35 billion in net outflows over two consecutive weeks, as redemptions reached more than $1 billion each week. 

According to Farside Investors data, spot Bitcoin ETFs shed $1.07 billion between from Monday to Friday, following $1.28 billion in outflows the previous week, the largest weekly redemptions since late June. 

The funds recorded $185.4 million in net outflows on Friday, down from $284.1 million on Thursday and $299.8 million on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) accounted for $143.5 million of Friday’s withdrawals, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) shed $41.9 million. 

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OpenAI’s new payment wallet lets AI agents complete purchases using existing card networks, with plans to eventually allow preauthorized transactions.

OpenAI on Friday introduced a new feature allowing AI agents to make purchases on behalf of users directly within ChatGPT through existing payment networks, in collaboration with American Express, Mastercard and Visa.

The wallet lets users authorize transactions using biometric verification, such as facial recognition or fingerprints. Payment networks generate tokenized card credentials for each approved purchase, keeping users’ actual card details from merchants and AI agents, the company said.

The service is being rolled out to ChatGPT Pro subscribers in the US with eligible cards issued in the country. OpenAI said it plans to eventually support purchases within preset spending limits and other restrictions without requiring approval for each transaction.

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Blockstream’s new custody system, developed with Thales, uses dedicated hardware for transaction signing as Adam Back advocates for offline security to reduce cyber risks.

Adam Back’s Bitcoin infrastructure company Blockstream has launched a new institutional digital asset custody solution developed with French technology group Thales, as the cryptographer pushes for simpler, offline security systems to protect Bitcoin against increasingly sophisticated cyberattacks.

The solution, announced Friday, combines Thales’ hardware security modules (HSMs) with Blockstream’s Secure Multi-Party Computation (Secure-MPC) technology, allowing institutions to authorize transactions while keeping sensitive cryptographic operations within dedicated security hardware, according to the company.

Unlike conventional MPC implementations that may perform portions of the signing process outside dedicated security hardware, Blockstream said its architecture executes the entire signing protocol within the protected environment of Thales’ HSMs.

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Payward’s adjusted EBITDA fell 66% year over year to $60 million, even as its share of global spot trading nearly doubled and fee-based services expanded.

Kraken’s parent company Payward nearly doubled its share of global crypto spot trading to 6.5% in September from 3.3% a year earlier, even as weaker trading activity weighed on its earnings.

The market-share gain means Payward captured a larger portion of spot trading relative to competitors, rather than an increase in trading activity across its platforms. The company handled $353 billion in transactions in the third quarter, down 30% from a year earlier, according to financial results released Friday.

The two figures measure different things. The market share tracks its portion of global spot trading across its platforms in September, compared with a year earlier, while Payward’s quarterly transaction volume includes activity across multiple products, including spot, margin, equities, payments and certain derivatives.

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Coinbase’s trust company received final clearance as lawmakers seek records on crypto firms’ compliance and potential conflicts of interest.

Federal regulators are opening more avenues for crypto companies to operate under US rules, while congressional investigators are asking to see the records behind those decisions. Lawmakers want to know how regulators justified new trust charters, how crypto companies handled compliance and what dealings they had with people tied to President Donald Trump’s administration.

On Nov. 9, Coinbase announced that its national trust company had received final approval to open. The Office of the Comptroller of the Currency granted preliminary conditional approval in April. The company said the charter gives its custody business a consistent federal framework.

Lawmakers had been questioning how federal regulators were using their existing authority to expand crypto companies’ reach. In a May 18 letter to the OCC, Sen. Elizabeth Warren challenged at least nine crypto trust-charter approvals, including Coinbase’s earlier conditional approval. She asked for the applications, the legal analyses behind the approvals and any related communications between OCC officials and the White House or Trump family.

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Bitcoin sales, valuation losses and rising borrowing costs weighed on the Japanese company’s earnings despite higher revenue and operating profit.

Metaplanet swung to a $170 million net loss in the first nine months of 2026, hit by a decline in the value of its Bitcoin holdings and a loss on the sale of 10,000 coins to demonstrate its ability to raise cash.

The Japanese company, the world’s second-largest publicly traded corporate Bitcoin (BTC) holder, posted a net loss of 27.16 billion yen (about $170 million), compared with a profit of 13.53 billion yen ($84.6 million) in the same period last year. A 19.17 billion yen ($119.8 million) loss on the Bitcoin sale and an 8.04 billion yen ($50.3 million) loss from a decline in the value of its Bitcoin holdings outweighed gains in the operating business.

Over the quarter, Metaplanet sold the 10,000 BTC for 124.7 billion yen and temporarily held the proceeds in cash, stablecoins and other liquid assets. It then spent 149.9 billion yen to buy 11,000 BTC, paying 9.3% more per coin on average. The company said the sale was meant to show rating agencies and bond investors that it could turn its Bitcoin into cash to meet financing obligations. At the end of September, holdings rose by a net 1,000 coins to 44,000 BTC.

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Bitcoin was down about 4% on the day amid a tepid market reaction to October’s US PPI reading, which came in below expected levels.

Bitcoin (BTC) hovered around $68,700 following Friday’s Wall Street open, rebounding from an earlier dip to roughly $67,500.

Key points:

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Arthur Hayes said he was “flattered” by Coinbase’s defense of US stock perpetual futures, a decade after BitMEX launched perpetual swaps.

Arthur Hayes, co-founder of BitMEX, said he was “flattered” by Coinbase’s support for the Commodity Futures Trading Commission (CFTC) in a US legal dispute over stock perpetual futures.

“When we launched the perpetual swap at BitMEX in 2016, Washington’s reaction was less than warm,” Hayes told Cointelegraph. “Ten years later, Coinbase is in federal court defending the right to offer them on US stocks. I’m flattered. Imitation is the sincerest form of regulation.”

Coinbase and five other companies submitted a brief on Monday opposing the alliance’s request to block trading in perpetual futures tied to individual stocks. The court accepted the brief on Tuesday.

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A $5.8 million Bitcoin options loss pushed Nakamoto’s quarterly operating revenue below zero, while the company extended repayment of $60 million in Kraken debt to 2027.

Update (Nov. 13 at 19:04 UTC): This article has been updated to include details of Nakamoto’s amended loan agreement with Kraken.

Shares in Nasdaq-listed Bitcoin treasury company Nakamoto fell 6.5% in premarket trading on Friday after the company reported that losses on Bitcoin options pushed third-quarter operating revenue below zero. Nakamoto also extended the repayment deadline for $60 million in Bitcoin-backed debt owed to Kraken by one year.

Nakamoto’s shares traded at $5.40 at 12:02 pm UTC on Friday, according to Yahoo Finance. At that price, the stock was down about 62% year to date.

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Police suspect the group drew up fictitious loan agreements to disguise crypto trading proceeds it transferred directly into bank accounts.

Israeli police arrested five people on Tuesday in a money laundering investigation involving about 16 million shekels ($5 million) in crypto transactions arranged through a WhatsApp group.

Investigators from the National Unit for Combating Economic Crime within Lahav 433 suspect the group provided crypto services without a license and failed to report transactions to Israel’s tax authorities. Police allege the group used fictitious agreements to make crypto proceeds transferred into bank accounts look like loans, according to The Jerusalem Post.

Authorities seized wallets, computers and tens of thousands of shekels in cash while searching the suspects’ homes. Investigators questioned the five on suspicion of money laundering, fraud and providing financial asset services without a license.

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Unocoin said the transfers were signed and broadcast outside BitGo’s platform, and BitGo said the account freeze worked as intended.

Update (Nov. 13, 2026, 12:30 pm UTC): This article has been updated to include BitGo’s response and clarify that the account freeze applied to activity routed through BitGo’s platform.

Indian cryptocurrency exchange Unocoin has kept deposits and withdrawals suspended as it investigates suspicious wallet transfers and a breach of its own systems.

BitGo froze Unocoin’s enterprise account on Nov. 6 at the exchange’s request. Unocoin said the freeze appeared to have worked as intended and that the transfers were signed and broadcast onchain outside BitGo’s platform, according to its Friday update.

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Bitcoin price action interacted with its 200-week simple moving average for the first time since mid-August as it fell below $68,000.

Bitcoin (BTC) fell to $67,500 on Friday, slipping below its 200-week simple moving average on its first test of the level in nearly three months.

Key points:

TradingView data showed that Bitcoin last touched its 200-week simple moving average (SMA) on Aug. 19.

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Authorities froze over $2.7 billion in Binance hack proceeds, while the separate FaceStealer scam stole over $400 million in 18 months.

The US Department of Justice said Thursday it had obtained court authorization to seize or restrain more than $1.2 billion of the $6.3 billion in cryptocurrency stolen from Binance.

The authorization covers part of the more than $2.7 billion in stolen assets that US authorities and private-sector partners have frozen since the Oct. 29 hack. Investigators are still working to recover additional funds, the department said in its announcement.

The FBI attributed the Binance hack to North Korea’s TraderTraitor group in a cyber alert. Kim Yo Jong, the sister of North Korean leader Kim Jong Un, denied North Korea’s involvement.

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Jane Street ended Q3 with 19% fewer shares in BlackRock’s Bitcoin ETF, and a higher share price lifted the stake’s value to $957 million.

Jane Street’s share count in Fidelity’s spot Bitcoin exchange-traded fund (ETF) rose nearly eightfold in the third quarter, while its holdings in BlackRock’s fund fell 19%.

The trading giant ended September with 7.01 million shares of Fidelity Wise Origin Bitcoin Fund (FBTC0, up from about 887,000 at the end of June. The position was worth $509 million on Sept. 30, according to its second-quarter and third-quarter filings.

Jane Street’s holdings in BlackRock’s iShares Bitcoin Trust ETF (IBIT) fell to 20.22 million shares from 24.88 million. A higher share price lifted the reported value of its stake to $957 million from $828 million.

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Microsoft began a wider patch rollout Friday as the outage disrupted government email and Microsoft 365 connectors in ChatGPT and Claude.

A global Microsoft 365 outage continued into Friday, disrupting Outlook email and some Teams features.

Microsoft said in a 7:25 am UTC update that a patch had improved stability on some servers and that it was working to deploy the fix more widely. The update, republished by the University of Pennsylvania, gave no timetable for restoration.

The outage began Thursday, leaving some users unable to access their Exchange Online mailboxes. Microsoft said a process that handles secure connection became overloaded, causing affected servers to stop processing requests.

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Bitcoin fell below $70,000 as crypto sentiment hit its lowest level in more than four months, with analysts warning of institutional outflows, thinning liquidity and elevated leverage.

Bitcoin fell below $70,000 on Friday, extending its recent decline as investor sentiment deteriorated amid institutional outflows, tightening liquidity and broader macroeconomic pressures. 

Bitcoin (BTC) is trading at $68,607.23 at the time of writing, down 9.2% in the last week, according to CoinGecko.

The drop coincided with a sharp decline in market sentiment. The Crypto Fear & Greed Index fell to 20 on Friday, its lowest reading in more than four months, putting it in “extreme fear.” The index last reached that level on July 8.

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The White House also named a former CFTC commissioner and two CLARITY Act veterans as nominees to fill vacancies at the SEC and CFTC.

US President Donald Trump has nominated Steven Levine to replace former Securities and Exchange Commission Commissioner Hester Peirce, one of the agency’s most prominent crypto advocates, as part of four nominations to fill vacancies at the SEC and Commodity Futures Trading Commission.

The White House’s latest announcement on Thursday named two nominees each for the SEC and the Commodity Futures Trading Commission, agencies whose decisions help shape US cryptocurrency regulation, among other functions. All four nominations require Senate confirmation.

The nominations would replenish several commissioner roles. The SEC currently has only two of its five commissioner seats filled, while CFTC Chairman Michael Selig is the sole member of his agency’s five-seat commission.

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Reuters reported that Jensen Huang had a relationship with another Nvidia employee, hours after he resigned as CEO.

Former Nvidia CEO Jensen Huang had an intimate relationship with a second company employee, Reuters reported, bringing the number of alleged extramarital affairs to three.

The report, citing two people familiar with the matter, followed Huang’s resignation as Nvidia CEO and a board member on Thursday. Reuters did not identify the other employee in its report and said attempts to reach her were unsuccessful.

The two previously reported relationships involved Alice Huang, whom US intelligence officials suspect of working for Chinese intelligence, and Kimberly Powell, Nvidia’s vice president of health care.

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Gemini’s third-quarter trading rebound masked a deepening retail slump.

Crypto exchange Gemini has just reported its lowest quarterly retail trading volume in three years, despite an increase in overall crypto trading volume.

Total spot trading volume rose 18% from the second quarter to $4.5 billion, according to Gemini’s Q3 earnings report. Institutional volume climbed 26% to $3.9 billion, while retail volume fell 14% to $600 million, its lowest level since the third quarter of 2023. 

Gemini said the quarterly increase in spot trading volume was “supported by increased institutional Zcash activity and expanded affiliated market-making,” but did not give a specific reason for the decline in retail trading. 

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Maple Finance co-founder Joe Flanagan and COO Ryan O’Shea are leaving over disagreements about the firm’s direction as SYRUP falls despite revenue growth.

Two senior executives are leaving onchain asset manager Maple Finance over disagreements about the firm’s direction as its SYRUP token slid more than 7% Thursday.

Maple co-founder and executive chairman Joe Flanagan said Wednesday he would leave after seven years at the firm, describing a growing divide with fellow co-founder and CEO Sidney Powell.

“Over time, our views on strategy, leadership, and life have moved further apart,” Flanagan wrote. “I believe Maple is best served by one co-founder leading it forward from here.”

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North Korean hackers launch memecoins to launder funds stolen in the Binance hack, while xStocks plans to add hundreds of Hong Kong-listed equities in the coming weeks.

North Korean hackers created memecoins to launder cryptocurrency stolen in the $6.3 billion Binance hack, according to a report from blockchain analytics firm Elliptic.

Between Nov. 5 and 7, the hackers created at least six tokens on NEAR and used liquidity pools on decentralized exchanges to move $430,000 of stolen funds between wallets, Elliptic said. However, the tokens attracted almost no outside trading and were abandoned shortly after launch.

Elliptic said the same laundering technique was also used following the $1.5 billion Bybit hack in 2025, when North Korean-linked actors moved at least $24 million through a newly created token on the TRON blockchain.

Hong Kong’s wealthy investors are embracing crypto. (Chi Hung Wong)

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The prediction market operator said the decision was mutual and followed 1789 Capital’s investment in rival Polymarket, denying political considerations.

Prediction market platform Kalshi has ended its advisory relationship with Donald Trump Jr. after his venture capital firm increased its investment in rival Polymarket, Reuters reported Thursday.

A Kalshi spokesperson told Reuters that talks about ending Trump Jr.’s advisory role began in August, after Trump Jr.’s venture capital firm, 1789 Capital, took the lead on Polymarket’s $1 billion funding round. The round would value the company at $21 billion, with 1789 Capital set to contribute about $300 million.

“We have mutually agreed to end Don’s advisory role after his firm’s significant investment in a competitor this past summer,” the spokesperson said.

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Strategy shares declined Thursday following MSCI’s decision to remove the company from its indexes, as Bitcoin also fell amid a broader crypto market decline.

Shares of Michael Saylor’s Bitcoin treasury company Strategy fell 6.49% on Thursday, closing at $114.41, a day after MSCI confirmed the company’s removal from its global equity indexes and amid a broader cryptocurrency market sell-off.

On Wednesday, MSCI confirmed that Strategy would be removed from its global equity indexes after the Nov. 30 market close, a move that could trigger selling by funds tracking the benchmarks. JPMorgan previously estimated that the exclusion could result in roughly $2.8 billion in selling pressure.

Source: Yahoo Finance

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Industry groups argued in court filings that Illinois’ crypto tax, which applies even when a transaction yields no profit, could raise compliance costs and violate federal law.

The US Department of Justice, business and financial industry groups and a coalition of decentralized finance (DeFi) firms have backed a legal challenge to Illinois’ 0.2% digital asset tax, arguing that the measure unfairly targets cryptocurrency transactions and could impose taxes even when investors make no profit.

Over the past week, the Justice Department filed a statement of interest, while the US Chamber of Commerce and the Securities Industry and Financial Markets Association (SIFMA) submitted an amicus filing. A coalition that includes venture capital firms Andreessen Horowitz and Paradigm as well as crypto protocols Uniswap and Aave Labs also filed a brief, according to a Thursday announcement from the Blockchain Association and Crypto Council for Innovation.

The law, enacted in June, imposes a 0.2% tax on the value of digital assets exchanged, transferred or stored, regardless of whether a transaction generates a profit.

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The US securities clearinghouse plans to bring tokenized stocks to Solana in 2027, but analysts say restrictions could limit adoption.

Plans by the Depository Trust & Clearing Corporation’s (DTCC) to bring tokenized securities to Solana could attract more traditional financial institutions to the blockchain, but regulatory restrictions may limit the impact on the network, according to analysts.

DTCC announced Thursday that it plans to connect its tokenization service to Solana in the second half of 2027. The move would allow certain securities held by its Depository Trust Company (DTC) subsidiary to be turned into digital tokens on the network.

Solana is a blockchain known for its fast transactions and low fees, making it popular for crypto trading, especially memecoins. The network had about $4.94 billion in total value locked (TVL) as of Nov. 12, according to DefiLlama.

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Bitcoin fell to its lowest leve since Aug. 20 as tech stocks slid following the resignation of Nvidia CEO Jensen Huang.

Bitcoin (BTC) set new multimonth lows after Thursday’s Wall Street open as selling pressure returned to the US stock market. 

Key points:

Data from TradingView showed BTC/USD dropping below $72,000 for the first time since Aug. 20 as month-to-date losses reached 7.4%.

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Colette Kress will remain Nvidia’s chief financial officer while serving as interim CEO as the board searches for a permanent successor.

Nvidia co-founder Jensen Huang resigned as president and CEO and stepped down from the company’s board on Thursday, effective immediately. The board named Chief Financial Officer Colette Kress interim CEO.

Kress will retain her role as CFO while Nvidia’s board considers internal and external candidates for the permanent CEO role. The board also appointed Harvey C. Jones its first chair and said it expects Nvidia’s operations to proceed without interruption.

Nvidia shares fell more than 13% shortly after the US market opened on Thursday, trading at $151.00 as of 2:31 p.m. UTC, according to Yahoo Finance. Bitcoin (BTC) fell alongside Nvidia shares, dropping as much as 3.5% to a multimonth low.

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