☕️ Strategy Buys 1,036 Bitcoin as Senate Probe Targets Crypto Firms Strategy expanded its corporate treasury reserves, while a US Senate subcommittee imposed document production deadlines on major crypto operators.
1. Strategy Acquires 1,036 Bitcoin, Repurchases Preferred Stock — The company purchased 1,036 $BTC for $81.9 million between Nov. 2 and Nov. 8. Strategy funded the acquisition and a $188.3 million preferred stock buyback by issuing 2.05 million MSTR shares. 2. Senate Subcommittee Sets Jan. 4 Records Deadline for Tether and Binance — Senator Blumenthal requested voluntary record submissions from Binance, $USDT issuer Tether, and two Trump-affiliated firms by Jan. 4, 2027. The letters warned of potential subpoenas regarding alleged sanctions evasion and foreign investment ties. 3. Derivatives Wipeout Clears $1.2B as Bitcoin Nears $74,600 — $BTC trades near $74,685 after a sharp reversal liquidated $1.04 billion in long positions across crypto exchanges. Traders are pricing in an 80% probability of a December Federal Reserve rate hike. 4. NYSE Affiliate Selects Avalanche for Tokenized Trading Platform — A planned digital trading venue affiliated with the New York Stock Exchange will use Avalanche ($AVAX) as its core ledger. The platform intends to facilitate 24/7 continuous trading and atomic settlement for tokenized equities. 5. US Regulators Withdraw Proposed Crypto Travel Rule Changes — FinCEN and the Federal Reserve abandoned a proposal that would have lowered the dollar threshold for reporting cross-border virtual currency transfers. The withdrawal spares service providers from heightened compliance overhead.
📊 $BTC stands at $74,787, $ETH dropped 4.2 percent to $2,128, and the total market capitalization is $2.51 trillion.
