☕️ Crypto Majors Sink and Liquidate $1.1B on AI Equity Crash Widespread selling in semiconductor and artificial intelligence equities spilled over into digital asset markets, erasing over a billion dollars in leveraged long positions.
1. Crypto Markets Liquidate $1.1B as AI and Tech Equities Crash — $BTC dropped 5.4% to $75,871 alongside a 12% crash in US semiconductor shares over AI regulation concerns, triggering massive liquidations for crypto derivatives longs. 2. Strive Acquires 15,124 Bitcoin to Expand Corporate Treasury — Strive raised total holdings to 43,124 Bitcoin as of Oct. 30 and reported a $509 million third-quarter net income. The firm funded its asset expansion by issuing $609 million in preferred stock. 3. Chinese Authorities Halt Solana Event in Shanghai — Regulators stopped the Solana Accelerate gathering, while a PBOC official alleged the network's technical services support illegal digital asset trading. 4. Ex-FBI Agent Pleads Guilty to Stealing $2.47M From Bureau Files — Patrick Yaroch abused his counterintelligence position to conduct fraudulent transfers across 35 active federal investigations. Agents recovered roughly $925,000 from the stolen funds. 5. Nigeria Central Bank Mandates Local Licenses for Stablecoins — Foreign-currency stablecoin issuers must now incorporate in Nigeria and maintain a 15 billion naira capital reserve. Offshore operators face delisting risks if they fail to register by Dec. 5.
📊 Bitcoin trades at $75,794 and Ethereum at $2,227, as total cryptocurrency market capitalization slides 1.3% to $2.53 trillion.
