Bitcoin miners are oversold following 35% October rout, VanEck says
Investors dumped AI infrastructure providers across the board in October, treating companies in very different sectors as one monolithic trade.
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Investors dumped AI infrastructure providers across the board in October, treating companies in very different sectors as one monolithic trade.
Revenue fell to $63.4 million in the third quarter and missed analysts’ forecasts as bitcoin production declined and higher summer electricity prices pushed mining costs up.
Bitcoin slipped 0.2% to around $80,250 since midnight UTC, holding above $80,000 after Wednesday’s jump, as spot ETFs ended a three-day outflow streak.
The continued blowup of the AI trade led markets lower, with Nvidia losing 9.3% and many other chip names down double-digit percentages.
The same attacker took about $391,000, mostly from wallets Bitquery ties to BitMart, whose founder confirmed a Nov. 2 hack and suspects a link.
Riot has sold most of its bitcoin to fund its move into data centers. Its latest agreement gives Anthropic a way to finance part of the build and collect interest through rent deductions.
Crypto firms must collect customer and transaction data from 2027, with Hong Kong sharing the information with overseas tax authorities from 2028.
OpenAI says its AI found 948 Linux flaws and wrote a working attack for each one. Crypto security voices say decentralization leaves the industry better placed than most to cope.
About 12,200 ZEC remains in Sprout, the privacy pool Zcash launched in 2016. Roughly 10,000 coins have left over the past week, but only about 40 moved out Wednesday.
Arkansas has accused the prediction market of running illegal gambling, joining Utah and several other U.S. states that have filed criminal or civil charges.
The fix went live Wednesday after validator support reset the activation clock in October. XRP itself was unaffected.
Ether rose 8% as falling oil prices and a weaker dollar helped markets recover, even as traders weighed a tougher path for U.S. crypto legislation.