BC moves to permanently ban new power connections for cryptocurrency mining
The Province of British Columbia plans a permanent ban on new cryptocurrency mining power connections with BC Hydro to manage electricity demand and benefit local communities.
A related legislative amendment has been submitted to the legislature, and it will also limit power allocations for data centres and AI starting in fall 2025.
▪ The Block
The Province of British Columbia plans a permanent ban on new cryptocurrency mining power connections with BC Hydro to manage electricity demand and benefit local communities.
A related legislative amendment has been submitted to the legislature, and it will also limit power allocations for data centres and AI starting in fall 2025.
▪ The Block
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▪ Bitcoin fell below $108,000 amid macro uncertainty.
▪ Ahead of the Xi–Trump meeting scheduled in South Korea at the end of this month, investors are de-risking, increasing volatility.
▪ Altcoins such as ETH·BNB·SOL also declined, and there were outflows from spot BTC·ETH ETFs.
▪ Fear & Greed Index 29 (Fear). Market attention is focused on Friday CPI and the Fed 25bp cut probability of 98.9%.
The Block
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▪ Ahead of the Xi–Trump meeting scheduled in South Korea at the end of this month, investors are de-risking, increasing volatility.
▪ Altcoins such as ETH·BNB·SOL also declined, and there were outflows from spot BTC·ETH ETFs.
▪ Fear & Greed Index 29 (Fear). Market attention is focused on Friday CPI and the Fed 25bp cut probability of 98.9%.
The Block
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Telo News - Crypto | DeFi | Web3
▪ Bitcoin fell below $108,000 amid macro uncertainty. ▪ Ahead of the Xi–Trump meeting scheduled in South Korea at the end of this month, investors are de-risking, increasing volatility. ▪ Altcoins such as ETH·BNB·SOL also declined, and there were outflows…
Going forward, some news will be provided with polls in the comments as shown above.
Through this feature, see what opinions people have.
😁 We will aggregate the data afterward and provide it to the channel.
Through this feature, see what opinions people have.
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Ethereum Foundation transfers 160k ETH
Analytics firm Arkham reported that the Foundation sent 160,000 ETH (about $654 million) to a wallet previously used for sales.
The Foundation’s Hsiao-Wei Wang described it as a scheduled wallet migration.
▪ The Block
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Analytics firm Arkham reported that the Foundation sent 160,000 ETH (about $654 million) to a wallet previously used for sales.
The Foundation’s Hsiao-Wei Wang described it as a scheduled wallet migration.
▪ The Block
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When do you think the government shutdown will end?
Anonymous Poll
29%
Before October 31
15%
November 1~4
10%
November 5~8
11%
November 9~12
9%
November 13~16
27%
November 17+
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Hyperliquid Strategies aims to raise up to $1 billion by issuing 160 million shares
Hyperliquid Strategies has filed a registration statement (S-1) with the SEC. Through a public offering, it seeks to raise up to $1 billion and will issue up to 160 million shares.
The company is the Sonnet BioTherapeutics–Rorschach I merger entity and is expected to list on Nasdaq under a new ticker.
▪ The Block
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Hyperliquid Strategies has filed a registration statement (S-1) with the SEC. Through a public offering, it seeks to raise up to $1 billion and will issue up to 160 million shares.
The company is the Sonnet BioTherapeutics–Rorschach I merger entity and is expected to list on Nasdaq under a new ticker.
▪ The Block
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U.S. Treasury Secretary Scott Bessent said that the U.S. and China have made 'substantial progress' in the basic framework of a trade agreement.
As a result, the 100% additional tariffs on Chinese goods announced in October are highly unlikely to be implemented, and the two countries are also discussing cooperation on security agreements.
Over the past 24 hours, Bitcoin is up 3.13% to $114,990.
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As a result, the 100% additional tariffs on Chinese goods announced in October are highly unlikely to be implemented, and the two countries are also discussing cooperation on security agreements.
Over the past 24 hours, Bitcoin is up 3.13% to $114,990.
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Western Union is launching a stablecoin on-chain settlement pilot program serving 150 million people.
The goal is to reduce reliance on traditional banking networks, shorten settlement times, and lower costs.
They had delayed adoption due to volatility and regulatory uncertainty, but shifted direction after the passage of the GENIUS Act.
▪ cointelegraph
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The goal is to reduce reliance on traditional banking networks, shorten settlement times, and lower costs.
They had delayed adoption due to volatility and regulatory uncertainty, but shifted direction after the passage of the GENIUS Act.
▪ cointelegraph
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Representative Ro Khanna (D-Calif.) announced plans to introduce a bill to prohibit elected officials from owning or issuing cryptocurrencies.
He criticized President Trump’s pardon of Changpeng Zhao as “brazen corruption,” and pointed out that some statements about Zhao’s sentence and conviction were factually incorrect.
▪ cointelegraph
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He criticized President Trump’s pardon of Changpeng Zhao as “brazen corruption,” and pointed out that some statements about Zhao’s sentence and conviction were factually incorrect.
▪ cointelegraph
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Stable Deposit Phase 2 Coming Next Week
Stable has announced that it will launch Phase 2 of its stablecoin pre-deposit campaign next week. USDT deposits will be linked to future token rewards and incentives.
Phase 1 hit its $825 million cap in about 22 minutes. Details will be announced on X.
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Stable has announced that it will launch Phase 2 of its stablecoin pre-deposit campaign next week. USDT deposits will be linked to future token rewards and incentives.
Phase 1 hit its $825 million cap in about 22 minutes. Details will be announced on X.
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The Ethereum Fusaka upgrade will go live on mainnet on December 3.
This upgrade expands blob space to process data posted by Layer 2s more cheaply and quickly, and introduces PeerDAS, a new data sampling technique.
Developers and Vitalik Buterin see this as key to Layer 2 scaling.
▪ Decrypt
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This upgrade expands blob space to process data posted by Layer 2s more cheaply and quickly, and introduces PeerDAS, a new data sampling technique.
Developers and Vitalik Buterin see this as key to Layer 2 scaling.
▪ Decrypt
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Romania’s National Gambling Office (ONJN) has blacklisted the prediction market Polymarket for operating without a license.
ONJN stated that, regardless of whether cryptocurrency is used, “peer-to-peer betting” on outcomes is a gambling activity that requires a license.
▪ Decrypt
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ONJN stated that, regardless of whether cryptocurrency is used, “peer-to-peer betting” on outcomes is a gambling activity that requires a license.
▪ Decrypt
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The decentralized exchange Balancer was hit by an attack believed to stem from a smart contract issue, with at least $116.6 million worth of cryptocurrency drained to a newly created wallet.
Balancer and analytics firms Nansen and Lookonchain said they are currently investigating the scale of the losses and the cause.
▪ CoinTelegraph
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Balancer and analytics firms Nansen and Lookonchain said they are currently investigating the scale of the losses and the cause.
▪ CoinTelegraph
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`Telo Feed` is a social platform where you can access the fastest crypto news from around the world.
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Going forward, Telo News and Feed will be seamlessly connected, bringing together their strengths to provide faster and more reliable updates in one place.
Thank you for your continued support.
Try it now: https://telo.im
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