Briefs · Evening brief
Evening brief: BoE raises rates to 4%; bitcoin closes lower
The Bank of England lifted Bank Rate to 4% on an 8–1 vote, Thailand's SEC filed a criminal complaint against Bitget's operator, and bitcoin closed the U.S. session at $76,107.78 on CoinGecko's 4:00 p.m. ET print.
Evening brief: BoE raises rates to 4%; bitcoin closes lower
The Bank of England raised Bank Rate to 4%, Thailand's securities regulator filed a criminal complaint against Bitget's operator, and two bitcoin miners reported AI-infrastructure quarters as bitcoin closed the U.S. session lower. [4][5][7][8]
Bitcoin closed the U.S. session at $76,107.78 on CoinGecko's 4:00 p.m. ET print. [1]
U.S. session close
CoinGecko USD prices at the 4:00 p.m. ET close (5-minute points), with rolling 24-hour change as of about 4:13–4:14 p.m. ET. Powered by CoinGecko API [1]
| Asset | 4:00 p.m. ET | Rolling 24h (to ~4:13 p.m. ET) |
|---|---|---|
| BTC | $76,107.78 | −5.38% |
| ETH | $2,246.26 | −7.74% |
| SOL | $89.89 | −5.68% |
Total crypto market cap was $2.55 trillion, down 5.05% over 24 hours, with bitcoin's share at 59.90% and ether's at 10.73% as of about 4:13 p.m. ET; CoinMarketCap's Fear and Greed Index read 32 (Fear) at 4:08 p.m. ET. Data: CoinMarketCap. [2]
Movers
The three best and three worst rolling 24-hour performers among CoinGecko's top 50 by market cap, excluding stablecoins and gold tokens, to about 4:13 p.m. ET. No catalyst is sourced for these moves. Powered by CoinGecko API [1]
| Coin | Price | Rolling 24h |
|---|---|---|
| Rain (RAIN) | $0.00615 | +2.77% |
| Aave (AAVE) | $130.29 | −0.23% |
| LEO Token (LEO) | $9.31 | −0.31% |
| Uniswap (UNI) | $6.83 | −10.25% |
| Ethena (ENA) | $0.1626 | −10.02% |
| NEAR Protocol (NEAR) | $3.69 | −8.65% |
Liquidations
Crypto short liquidations totaled $87.5M and long liquidations $568.7M over the 24 hours to 4:13 p.m. ET. Data: CoinMarketCap. [3]
| # | Coin (24h price chg) | Shorts | Longs |
|---|---|---|---|
| 1 | Bitcoin (BTC) (−5.3%) | $29.2M | $238.2M |
| 2 | Ethereum (ETH) (−7.7%) | $31.6M | $136.3M |
| 3 | Solana (SOL) (−5.6%) | $3.7M | $33.2M |
| 4 | Hyperliquid (HYPE) (−6.9%) | $0.4M | $19.4M |
| 5 | Zcash (ZEC) (−3.2%) | $3.8M | $10.1M |
Data: CoinMarketCap.
Non-crypto perpetual futures, such as stocks, ETFs, indexes and energy, saw short liquidations of $39.1M and long liquidations of $375.2M over the same window, led by the Direxion Daily Semiconductor Bull 3X Shares (SOXL) at $70.2M and SanDisk (SNDK) at $59.5M; that is a floor, covering only non-crypto entries in CoinMarketCap's top-250 list. Data: CoinMarketCap. [3]
What printed
01 · Bank of England raises rates to 4% as UK inflation climbs. At its meeting ending Nov. 4, the Bank of England's Monetary Policy Committee voted 8–1 to increase Bank Rate by 0.25 percentage points, to 4%, from 3.75% set Dec. 18, 2025, according to the November 2026 Monetary Policy Summary. Catherine L. Mann preferred a 0.5 percentage-point rise to 4.25%. The summary cites UK CPI at 3.5% in September. CoinGecko's 12:00–13:00 UTC (7:00–8:00 a.m. ET) prints gave no clear verdict on bitcoin or ether. The next MPC decision is due Dec. 17, 2026. [4]
02 · Thailand's SEC files a criminal complaint against Bitget; access block from Dec. 5. The Securities and Exchange Commission of Thailand's News No. 241/2026, dated Nov. 5, says it filed a criminal complaint with the Economic Crime Suppression Division against BG Limited, "the provider of the digital asset exchange platform on www.bitget.com (Bitget)," for operating a digital-asset exchange without a license under the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018). A criminal complaint asks prosecutors to investigate; it is not a conviction. The SEC also notified the Ministry of Digital Economy and Society to block the platform — including www.bitget.com, other Bitget domains and its application — effective Dec. 5, 2026. [5]
03 · Canary's crypto fund that earns network rewards wins Nasdaq listing approval. Canary Staked INJ ETF's registration took effect Nov. 4, and Nasdaq has approved its shares for listing under the ticker INJC, with a 1.10% annual sponsor fee, per the SEC notice of effectiveness, Nasdaq certification and the prospectus. An 8-A12B filed Nov. 3 registers the shares for exchange listing; it is not by itself a trading go-ahead, and no primary in the desk pack states a first trade date. [6]
04 · IREN: AI Cloud revenue nearly triples; bitcoin mining shrinks. IREN Limited (NASDAQ: IREN) reported results for the quarter ended Sept. 30, 2026, in an 8-K filed Nov. 5 (accession 0001878848-26-000065). Total revenue was $228 million, up from $137 million in the prior quarter: Total AI Cloud Revenue $200 million versus $71 million, and Bitcoin Mining Revenue $28 million versus $67 million. Net loss was $263 million versus a $684 million loss prior; Adjusted EBITDA, a non-GAAP measure that reconciles from net loss in the press-release table, was $66 million versus $19 million. The company said its "more than $4 billion ARR" target is fully contracted and fully funded and is now targeted for January 2027, and may extend to February. [7]
05 · Core Scientific: colocation rises; warrant revaluation lifts net income. Core Scientific, Inc. (NASDAQ: CORZ) reported third-quarter 2026 results in an 8-K filed Nov. 5 (accession 0001839341-26-000028). Colocation revenue was $215.4 million, up from $136.7 million in the prior quarter; digital-asset self-mining revenue was $12.3 million, down from $21.5 million; total revenue was $232.9 million. Net income was $1.178 billion, versus a $1.155 billion net loss in the prior quarter, "primarily driven by the change in fair value of warrants," the release says. Adjusted EBITDA was $133.6 million, versus $41.1 million. Billing megawatts were 485, versus 395. [8]
Open items still in play
- Coming up. TeraWulf's third-quarter call Fri. Nov. 6, 8:00 a.m. ET; the October Employment Situation Fri. Nov. 6, 8:30 a.m. ET; Fed Vice Chair for Supervision Michelle W. Bowman at 12:15 p.m. ET Fri. Nov. 6; MARA Holdings' third-quarter call Mon. Nov. 9, 5:00 p.m. ET; and the October consumer price index Tue. Nov. 10, 8:30 a.m. ET. [9]
- Bitget access block in Thailand. From Dec. 5, 2026, per Thailand SEC News No. 241/2026. [5]
- France's Senate takes up the 2027 budget bill. General debate opens Friday, Nov. 20, at 9:30 a.m. Paris (3:30 a.m. ET); roll-call vote on the whole bill Wednesday, Dec. 9, per the Senate budget calendar dated Nov. 3. Related first-reading amendment I-2701 (crypto wallet declaration at €100,000+) is not law. [10]
Sources (10)
- Prices and market data: Powered by CoinGecko API (https://www.coingecko.com/en/api). 4:00 p.m. ET 5-minute close points (market_chart/range), accessed 4:14:24–4:14:25 p.m. ET; /simple/price accessed 4:14:25 p.m. ET; /coins/markets accessed 4:14:25 p.m. ET (quotes last_updated ~4:12:53 p.m. ET); Nov. 5, 2026.
- CoinMarketCap, https://coinmarketcap.com , global metrics (last updated ~4:12:59 p.m. ET) and Fear and Greed Index (updated 4:08:10 p.m. ET), accessed 4:14:26–4:14:52 p.m. ET Nov. 5, 2026. Data: CoinMarketCap.
- CoinMarketCap liquidations, 24 hours to 4:13 p.m. ET Nov. 5, 2026 (last updated 4:11 p.m. ET), https://coinmarketcap.com ; accessed 4:13 p.m. ET. Data: CoinMarketCap.
- Bank of England, Monetary Policy Summary, November 2026, https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2026/november-2026 ; Le Coin Markets piece https://lecoin.news/markets/2026-11-05-boe-raises-bank-rate-4-percent/ (cleared-v4 sha 275667f0379b074d9745538bd9d75cff64f255e768e182b5dca802df790b73b7); accessed noon ET Nov. 5.
- Thailand SEC News No. 241/2026 (English), https://www.sec.or.th/EN/Pages/News_Detail.aspx?Lang=EN&NewsNo=241&NewsYear=2026&SECID=13530 ; Le Coin https://lecoin.news/protocols-policy/2026-11-05-thailand-sec-bitget-criminal-complaint/ ; accessed about 12:06 p.m. ET Nov. 5.
- SEC EDGAR, Canary Staked INJ ETF EFFECT and related filings (CIK 0002073616); Nasdaq listing materials; Le Coin https://lecoin.news/markets/2026-11-05-canary-staked-inj-etf-nasdaq/ (cleared-v3 sha 702c5457aee3397e01a8b3255c9df7b48b42e96e004ac175e43ab73b331c5de5); Form 8-A12B https://www.sec.gov/Archives/edgar/data/2073616/000199937126024343/canary-8a12b_110326.htm ; accessed ~12:05–4:14 p.m. ET Nov. 5.
- IREN Limited Form 8-K, Nov. 5, 2026, accession 0001878848-26-000065, https://www.sec.gov/Archives/edgar/data/1878848/000187884826000065/iren-20261105.htm , and Exhibit 99.1, https://www.sec.gov/Archives/edgar/data/1878848/000187884826000065/irenreportsq1-fy27result.htm ; accessed ~4:15 p.m. ET Nov. 5.
- Core Scientific, Inc. Form 8-K, Nov. 5, 2026, accession 0001839341-26-000028, https://www.sec.gov/Archives/edgar/data/1839341/000183934126000028/core-20261105.htm , and Exhibit 99.1, https://www.sec.gov/Archives/edgar/data/1839341/000183934126000028/q32026corescientificinc-ea.htm ; accessed ~4:15 p.m. ET Nov. 5.
- Le Coin calendar v2, research/calendar/2026-11-05-v2.md (sha256 91e6eff6accd52d464823e5ba216f84e0400cb7805ec1d26b5dd855f31700490); BLS schedule; Federal Reserve calendar; TeraWulf IR; MARA IR; sources accessed Nov. 5 a.m.–4:14 p.m. ET.
- Sénat budget calendar, https://www.senat.fr/ordre-du-jour/files/Calendrier_budgetaire_2027.pdf ; accessed 10:25 a.m. ET Nov. 4 (carried).
Holding the Corner.
Not financial advice.