Crypto News

The Netherlands plans to reduce its central civil service by about 25,000 full-time positions by 2035, targeting annual savings of €3.5 billion. The government estimates that it must save €900 million in 2027 as an initial step. The cuts would amount to roughly 16% of the 160,016-person central civil service workforce recorded at the end of 2025; police and defence personnel are excluded. AI tools, chatbots and process automation may take over some administrative work and public enquiries, but the government cautions against expecting digitalisation alone to deliver major staffing reductions. It will set out more detail on AI’s role and potential savings in the first quarter of 2027. Other measures include simplifying or removing at least 500 rules a year, sharing data between public agencies, standardising IT and procurement, and reducing advisory bodies. The plan follows years of growth in government staffing: the central civil service has added about 46,500 full-time positions since 2018. Officials say past cuts often failed to shrink government because new responsibilities and tasks offset efficiency gains. For traders, the announcement is primarily a fiscal and labour-market story, with no clear direct effect on crypto prices.

Oracle-based PMM DEXs may be better suited to tokenized real-world assets (RWAs) than to the long-tail crypto markets that helped popularize automated market makers. The article argues that assets such as Apple shares already have prices discovered on traditional exchanges, making on-chain liquidity a price taker rather than the source of price discovery. It compares two projects. Metric separates pricing from liquidity: Chainlink or Pyth supplies the reference price, while liquidity is positioned relative to that price and shifts as it changes. The article says Metric is live on mainnet and attracting yield farmers. It also describes oracle handling for stock-token events such as dividends and splits. Note Systems’ S-DAMM combines reference prices, inventory adjustment and one-sided liquidity with safeguards for stale prices and US market hours. If an oracle price goes unupdated for around five seconds, confidence falls, quotes widen and depth decreases. The design also changes inventory and quoting during market closures, and uses a junior backstop to absorb losses ahead of a senior USDG vault. Note Systems is described as being at the testnet stage. The article presents these approaches as a possible evolution of DODO’s earlier PMM model, which the author says struggled when oracle prices lagged centralized exchanges. The projects could improve capital efficiency and reduce slippage in tokenized-stock trading, but adoption and performance remain unproven; the piece is an analysis, not a report of a market-wide shift.

A ChainFeeds research digest highlights a bullish Bitcoin bottom thesis, Anthropic’s rapid growth and heavy AI infrastructure commitments, and Arthur Hayes’s proposed Flop Network compute market. The Bitcoin analysis argues that the market may have entered an accumulation phase. BTC regained its 50-week moving average in September after spending 44 weeks below it, while spot Bitcoin ETFs added about 87,000 BTC since June. The authors say reduced futures positioning and a historical comparison with previous cycles support the thesis, but these indicators do not guarantee that prices have bottomed. Anthropic’s reported revenue rose sharply, reaching about $16.3 billion in the first half of 2026. The company also disclosed more than $518 billion in computing and infrastructure purchase and lease commitments, most of them described as difficult to cancel. Its reported losses were largely attributed to non-cash valuation adjustments, while operating losses narrowed. The figures underscore both AI’s commercial growth and the financing and execution risks of its infrastructure build-out. Arthur Hayes’s Flop Network proposal aims to create a market for AI computing power, with the FLOP token used to pay for inference tasks and potentially support compute derivatives. The digest also discusses growing retail demand for options and notes that restrictions in markets such as South Korea shifted some trading activity overseas. Separately, it flags an API documentation-site attack that reportedly led to losses for some predict.fun users.

SK hynix published a presentation in connection with its 2026 Q3 earnings call. The provided article contains no earnings figures, business updates or forward guidance, so it offers no basis for assessing the company’s financial performance. SK hynix’s results may interest traders monitoring semiconductor and memory-chip demand, including demand linked to AI infrastructure, but this report does not provide details on those trends.

An early Ethereum ICO participant transferred the final 7,594 ETH in its wallet to Kraken, completing the reported sell-off. The whale originally acquired 200,000 ETH at the ICO price of $0.311 per coin. Over the years, it sold its holdings at an average price of about $1,368, turning an initial investment of roughly $62,000 into an estimated $273.6 million. The Kraken transfer may signal potential selling, but an exchange deposit alone does not confirm that the ETH has been sold. With the wallet reportedly cleared, the transfer could draw short-term attention to ETH selling pressure, though its broader market impact is uncertain.

A wallet linked to Kanye West has deposited 22,504.52 ETH as collateral on Aave and borrowed about $31.02 million, according to on-chain analyst Ai Yi. Its health factor is 1.41, leaving the position exposed to liquidation risk if ETH falls. The wallet recently withdrew 4,000 ETH from Binance and borrowed another 6 million USDT. ETH withdrawn from Binance since September 29 is reportedly down $2.477 million on paper, with an average long entry price of $2,503.86. The large ETH-backed loan and relatively low health factor are worth monitoring, though the position alone does not indicate a broader market trend.

Sui fixed a non-canonical tokio-util entry in Cargo.lock, introduced in commit #28447. Cargo rewrote the lockfile during unlocked builds, causing scripts/changed-files.sh to fail in CI, including the test-tidehunter workflow. The fix ensures `cargo metadata --format-version 1` leaves Cargo.lock unchanged. No user-facing protocol or product changes were listed.

Coinbase is winding down support for GYEN as issuer GMO-Z.com Trust Company retires the yen-linked stablecoin. The exchange disabled GYEN deposits and withdrawals on October 26, 2026, and says remaining customer balances will be converted to USDC between October 26 and October 30, at the prevailing market rate and without a transaction fee. The conversion is not a guaranteed yen-dollar parity: the value customers receive depends on the market rate when the exchange processes it. Coinbase says it will no longer support GYEN after the wind-down and warns that deposits sent to unsupported addresses may not be recoverable. Affected customers should check completed conversions and keep their transaction records. The move is primarily an operational change for GYEN holders, not a broad signal about the value of other crypto assets.

Bithumb, Mirae Asset Management and Daishin Securities confirmed they were targeted in cyberattacks, and authorities are assessing the incidents. Daishin Securities said 38,490 customers’ personal and credit information was exposed. The scale of the Bithumb cyberattack and the incident at Mirae Asset Management has not been disclosed. No information was provided on trading disruptions or losses of customer funds.

Former CFTC Chair Chris Giancarlo has endorsed the White House cyber plan, calling its government-led approach to countering cybercrime “just about right.” The August 12 memo permits vetted Justice Department and Homeland Security contractors to target foreign criminal groups, but excludes groups that are part of or directed by foreign governments. It provides no immunity from prosecution and requires operations to comply with laws including the Computer Fraud and Abuse Act. Contractors may need to post at least $1 million in bond or escrow, and every operation requires written approval from DOJ and DHS executive directors. Giancarlo said starting with a limited programme is prudent, while TRM Labs’ Ari Redbord stressed that government officials—not private firms—make decisions that could escalate conflicts. As of October 27, the programme’s operating procedures had not been publicly released. The White House cyber plan marks a more restricted alternative to Giancarlo’s 2025 proposal for private “letters of marque” against crypto hackers.

Copper supply constraints and the rising cost of new mines were central themes at Goldman Sachs’ Global Metals and Mining Conference in London on 21 October 2026. Speakers said expected copper supply growth of 3 million tonnes in 2025–26 had delivered only about 700,000 tonnes, while more than 1.5 million tonnes had been drawn into US inventories amid tariff-related stockpiling. They cited declining ore grades, long permitting timelines and greenfield capital costs above $30,000 per tonne as barriers to new supply. Executives from First Quantum, Lundin Mining, Teck Resources, Antofagasta, Freeport-McMoRan and Ivanhoe Mines described plans to expand production mainly through existing assets, partnerships and technology. First Quantum said a potential restart of Cobre Panamá remains subject to a formal agreement; it is advancing Taca Taca but ties a final investment decision to improved balance-sheet capacity. Lundin is targeting a year-end decision on Vicuna’s first phase, with capital costs still under review. Teck highlighted potential growth from combining Quebrada Blanca and Collahuasi, while Antofagasta expects its Centinela expansion to reach full capacity in 2028. Freeport is testing leach technologies to increase output from existing operations. Ivanhoe is revising Kamoa-Kakula’s mine plan after disruption and maintains a long-term production target above 500,000 tonnes of copper a year. Across the discussions, executives said scarce, difficult-to-develop supply—not simply stronger end-user demand—is driving tight copper market conditions. For traders, the outlook points to persistent supply-side price support, but project delays, operating risks and inventory shifts may drive volatility.

Bank of America says US Treasuries could once again hedge an AI selloff if weakening AI demand pushes both equities and bond yields lower. The shift followed an October revenue shortfall at OpenAI: annualised net revenue was estimated at $50 billion, below earlier projections of $70 billion. The Nasdaq fell more than 1%, while Nvidia lost 2.9%, AMD fell 3.9% and Oracle dropped 5.5%; Treasury yields also declined. BofA describes the market reaction as a potential demand shock, in which weaker growth weighs on both stocks and yields. That contrasts with much of 2026, when AI concerns had often coincided with rising yields. In September, 33% of fund managers surveyed by BofA cited rising yields as their biggest tail risk, while 28% named an AI bubble. The AI buildout also has growing credit-market exposure. Hyperscalers issued $121 billion in corporate bonds in the year to October 2026. BofA forecasts annual AI infrastructure bond issuance of $140 billion to $300 billion over the next three years. If the bank’s thesis holds, Treasuries may cushion an AI selloff, although the large volume of new corporate debt could affect credit markets.

Cambricon Technologies reported a 131.49% rise in shareholder profit to 3.715 billion yuan for the first nine months of 2026. Revenue more than doubled year on year to 9.526 billion yuan, while third-quarter profit rose 147.74% to 1.404 billion yuan. However, Cambricon’s third-quarter revenue of 3.531 billion yuan missed analyst expectations of about 6.26 billion yuan. The company attributed the shortfall to supply-chain constraints, particularly limited high-bandwidth memory (HBM), and reported inventory of 11.665 billion yuan at the end of September. Gross margin remained near 56.5%. Chief executive Chen Tianshi maintained the full-year revenue target of at least 13.5 billion yuan. Strong demand for AI chips and cloud workloads, including demand from customers reportedly shifting away from Nvidia, supports Cambricon’s growth outlook. Traders will watch whether HBM supply improves and whether inventory can be converted into shipments and revenue.

West African Resources (WFRSF) reported record third-quarter 2026 gold production of 127,950 ounces from its Sanbrado and Kiaka operations, exceeding an annualized production rate of 500,000 ounces. All-in sustaining costs fell to US$1,570 per ounce, and the company said production and costs remain on track to meet its 2026 guidance of 430,000–490,000 ounces at below US$1,900 per ounce. West African Resources sold 135,245 ounces at an average realized price of US$4,240 per ounce. The sales generated about A$458 million in operating cash flow. The company remains unhedged and paid its first, special dividend of A$0.20 per share. West African Resources’ update highlights strong operating performance and cash generation, but it concerns a gold miner rather than the cryptocurrency market.

Madison High Quality Bond Fund’s Class I shares returned -1.88% in Q3 2026, slightly below the Bloomberg Intermediate Government/Credit A+ Index, which fell 1.82%. The fund said rising Treasury yields were the main pressure on bond prices, while conservative duration positioning helped its relative performance; its yield-curve positioning detracted. US inflation remained elevated, and the Federal Reserve raised its policy rate by 25 basis points to 4.00% in September. The 10-year Treasury yield climbed about 81 basis points to 5.29%, while the two-year yield rose about 71 basis points to 4.89%. Credit spreads widened modestly, with the report attributing investment-grade bond weakness chiefly to interest rates rather than deteriorating credit quality. Madison said higher yields offer an opportunity to increase portfolio yield and duration, while retaining a high-quality credit bias. The bond fund’s outlook points to continued market volatility and a potentially higher-for-longer rate environment.

SK Hynix’s DRAM and high-bandwidth memory (HBM) supply is nearly sold out for the next three years through 2029, according to Citrini analyst jukan, who posted the information on X. About 50% of the company’s capacity for 2027–2028 is already covered by long-term agreements, and SK Hynix expects a similar share to remain contracted going forward. The tight DRAM and HBM supply highlights sustained demand for memory chips, although the report does not specify customers or contract terms. The development has no direct cryptocurrency market impact, but it may feed into broader investor sentiment around AI and technology demand.

South Korea’s KOSPI rose sharply as semiconductor stocks advanced. An earlier report put the index up 4.7% and above 5,800, with Samsung Electronics gaining 7.4% and SK Hynix 8.2%. A later update cited a 4% daily gain, with Samsung up 6% and SK Hynix up 4%; it gave no specific catalyst. The differing figures may reflect reporting at different times. The KOSPI rally highlights strength in South Korea’s chip sector, but neither report identified a direct link to cryptocurrency prices or a specific crypto-market impact.

Jim Bianco, president of Bianco Research, says banks are blocking third-party AI agents mainly to protect revenue from customer deposits, not just to reduce security risks. On Unchained’s Bits + Bips, he argued that AI agents could move idle cash into money market funds, where customers may earn more than in zero-yield bank accounts. The FDIC reported about $4.04 trillion in noninterest-bearing deposits at US banks at the end of June, around 21% of domestic deposits. JPMorgan Chase held $628.8 billion of these deposits. JPMorgan, Citi, Bank of America and Wells Fargo have restricted outside AI agents in various ways; Charles Schwab has also said it is blocking agents that attempt to move customer funds. Wells Fargo’s updated access agreement, effective Nov. 24, makes customers responsible for transactions by authorized AI agents until access is revoked. Bianco expects customers to push for greater AI agent access. Co-host Ram Ahluwalia agreed that banks are protecting themselves, while noting that account-opening hurdles could limit rapid deposit outflows. For traders, the debate highlights how AI-driven financial automation could pressure banks’ deposit funding and margins, but the article points to no immediate crypto-market catalyst.

Robinhood’s Q3 2026 earnings call opened with remarks from CEO and Chairman Vladimir Tenev and CFO Shiv Verma, followed by a question-and-answer session with analysts, shareholders and finance content creators. The company reminded participants that the call included forward-looking statements and that actual results could differ from expectations. The available transcript excerpt contains no earnings figures, business updates or cryptocurrency trading data, so it does not establish a clear performance trend. Robinhood Q3 2026 earnings call details beyond the opening were not included in the provided text.

Hong Kong’s Securities and Futures Commission (SFC) has approved 24/7 secondary trading of two existing authorised tokenised money-market funds on a licensed virtual-asset platform. The funds, managed by ChinaAMC, are denominated in Hong Kong and US dollars. The approval lets investors trade existing fund units with one another outside normal dealing hours. It is part of an SFC pilot framework introduced in April 2026, not a blanket permission for all tokenised investments. The regulator said it will monitor trading and consider whether to add eligible products. The move expands regulated access to tokenised money-market funds, but does not guarantee deep liquidity or prices that track net asset value at all times. Traders will be watching spreads, market depth, price deviations and how settlement and redemptions work. The development is a market-structure milestone for Hong Kong, with no clear immediate effect on wider cryptocurrency prices.

Diamante, a Web3 infrastructure and payments network, reported a security breach involving unauthorised activity. The team says it coordinated with exchanges, market makers, liquidity providers and listing partners to suspend affected withdrawals and transfers and restrict unauthorised asset movements. Diamante says investigators have identified a suspected attacker and are working with law enforcement and government agencies in multiple countries on legal action and asset recovery. The project has launched a full review of the incident and its causes, affected assets and infrastructure. Diamante has promised to fully compensate affected participants, but has not yet disclosed the breach’s scope or the value of assets involved. Further updates are expected as information is verified.

Seagate Technology reported fiscal first-quarter revenue of $4.23 billion, up 61% year over year and above analysts’ estimate of $4.11 billion. Adjusted earnings per share were $7.68, also beating expectations. The data-storage company said demand linked to AI infrastructure is supporting growth. Gross margin and free cash flow reached record highs, while operating cash flow was $1.69 billion. Seagate forecast second-quarter revenue of $4.8 billion, plus or minus $100 million, and adjusted EPS of $9.20, plus or minus $0.20—both above market expectations. Despite the strong results and outlook, Seagate shares fell more than 8% in after-hours trading. The stock had closed at $667.85 and was up nearly 150% year to date.

Hardware wallet maker NGRAVE says it is facing an advanced cyber threat and is monitoring the situation while taking response measures. The company warned users to watch for phishing attempts via text messages, emails, fake websites and fraudulent customer support. NGRAVE says its official channels will never ask for a recovery seed phrase or Perfect Key. It advises users to enter its website address manually and never type a seed phrase on a phone, computer or webpage. For wallet recovery, the phrase should be entered only on the screen of the ZERO hardware device. NGRAVE said private keys are stored offline on ZERO. The company did not report a confirmed breach or user losses.

A proposed US cyber-privateering policy would let vetted private contractors target scam compounds, cartels and ransomware gangs, but not North Korea’s Lazarus Group. Former CFTC chairman Chris Giancarlo and TRM Labs policy head Ari Redbord discussed the approach and an August presidential memo on Unchained. North Korea has stolen more than $1 billion in cryptocurrency this year, while AI-powered ransomware and deepfake job interviews have added to cybersecurity concerns. The memo leaves action against Lazarus to the government, reflecting the risks of authorizing private actors to conduct operations against a state-linked group. The guests also cited the $15 billion Prince Group forfeiture as an example of authorities recovering allegedly illicit funds. The discussion centers on whether cyber privateering can help counter crypto crime without escalating attacks or creating new legal and security risks. It does not announce a new crypto-market measure or identify a direct impact on token prices.

SK Hynix reported third-quarter 2026 revenue of 104.62 trillion won, up 327.9% year on year, and operating profit of 83.33 trillion won, up 632.1%. Net profit attributable to parent-company shareholders reached 39.53 trillion won, a 213.9% increase. For the first nine months, SK Hynix recorded revenue of 236.51 trillion won and operating profit of 181.49 trillion won. The company also plans to return about 100 trillion won to shareholders in 2026, including more than 30 trillion won in cash dividends. The figures are preliminary and unaudited, and may be revised.

SK Hynix forecasts DRAM bit demand will grow in the mid-20% range in 2027, while NAND demand is expected to rise in the high teens. CEO Kwak Noh-jung says memory supply could remain strained beyond 2030, as AI data centres drive demand faster than manufacturers can add capacity. Long equipment lead times and pre-sold output limit how quickly supply can respond. Around 70–80% of planned 2027 DRAM and NAND production is reportedly covered by long-term agreements, while nearly all high-bandwidth memory (HBM) output is committed. HBM could use nearly 30% of industry DRAM wafer capacity in 2027, up from about 20% today, reducing capacity available for conventional DRAM. The outlook could support pricing power and revenue visibility for memory makers such as SK Hynix and Micron, but raise costs for cloud providers and PC manufacturers. For crypto traders, the news has no direct token catalyst; any effect would likely come indirectly through AI-sector investment, chip costs and broader risk sentiment. Capacity expansions and HBM wafer allocation are key factors to watch.

USD/JPY rose 0.3% over 24 hours to 158.035 in the later Gate update, after an earlier report quoted the pair at 158.502, also up 0.3% from the previous close. The reports provide no explanation for the moves. USD/JPY is a macroeconomic indicator that crypto traders may monitor, but neither update points to a direct impact on cryptocurrency prices.

NBIS rose 10.5% over 24 hours and was trading at 172.44 USDT, according to MSX.COM data cited by Odaily. The report provides no explanation for the move, so traders should treat the gain as a price update rather than evidence of a specific catalyst. NBIS’s sharp rise may draw short-term trading interest, but traders should monitor liquidity, trading volume and follow-up price action for confirmation.

Base plans to activate its Denim mainnet upgrade in November 2026, targeting one canonical block every 200 milliseconds—five blocks per second, up from one every two seconds. The upgrade is already live on Base Sepolia testnet, but the mainnet date remains a target. Denim replaces Flashblocks, which have provided transaction preconfirmations since July 2025, with faster settled blocks. Developers will need to migrate applications to Base’s new canonical block and RPC feeds. Indexers and data services may face roughly ten times more block events and RPC activity. The upgrade is part of Base’s 2026 performance roadmap; Base is an Ethereum layer-2 built with the OP Stack and has no native token.