Briefs · Evening brief
Riot sold $1.5 billion of bitcoin to fund data centers, Circle's reserve income fell as yields dropped, and the AP projected Democrats won both chambers of Congress. Bitcoin closed the U.S. session at $80,087.15 on CoinGecko's 4:00 p.m. ET print.
Riot Platforms said it sold $1.5 billion of bitcoin this year to fund data centers, Circle said income from the reserves behind USDC fell as yields dropped, and the Associated Press projected that Democrats won both chambers of Congress. [4][5][9]
Bitcoin closed the U.S. session at $80,087.15 on CoinGecko's 4:00 p.m. ET print. [1]
CoinGecko USD prices at the 4:00 p.m. ET close (5-minute points), with rolling 24-hour change as of 4:09:51 p.m. ET. Powered by CoinGecko API [1]
| Asset | 4:00 p.m. ET | Rolling 24h (to ~4:10 p.m. ET) |
|---|---|---|
| BTC | $80,087.15 | +3.06% |
| ETH | $2,419.25 | +5.82% |
| SOL | $94.78 | +1.31% |
Total crypto market cap was $2.68 trillion, up 2.78% over 24 hours, with bitcoin's share at 60.14% and ether's at 11.04% as of 4:08 p.m. ET; CoinMarketCap's Fear and Greed Index read 42 (Neutral) at 4:08 p.m. ET. Data: CoinMarketCap. [2]
Largest rolling 24-hour moves among CoinGecko's top 50 by market cap, excluding stablecoins and gold tokens, to about 4:08 p.m. ET. No catalyst is sourced for these moves. Powered by CoinGecko API [1]
| Coin | Price | Rolling 24h |
|---|---|---|
| Ethereum (ETH) | $2,422.30 | +5.76% |
| Uniswap (UNI) | $7.60 | +5.24% |
| Zcash (ZEC) | $1,288.89 | +5.12% |
| Rain (RAIN) | $0.00599 | −4.63% |
| Hyperliquid (HYPE) | $83.44 | −2.66% |
| MemeCore (M) | $0.839 | −2.48% |
Crypto short liquidations totaled $491.4M and long liquidations $292.4M over the 24 hours to 4:10 p.m. ET. Data: CoinMarketCap. [3]
| # | Coin (24h price chg) | Shorts | Longs |
|---|---|---|---|
| 1 | Bitcoin (BTC) (+3.1%) | $293.5M | $94.1M |
| 2 | Ethereum (ETH) (+5.8%) | $123.7M | $108.5M |
| 3 | Solana (SOL) (+1.4%) | $14.0M | $15.8M |
| 4 | Zcash (ZEC) (+5.2%) | $15.5M | $4.4M |
| 5 | Hyperliquid (HYPE) (−2.6%) | $2.8M | $11.9M |
Data: CoinMarketCap.
Non-crypto perpetual futures, such as stocks, ETFs, indexes and energy, saw short liquidations of $49.6M and long liquidations of $126.5M over the same window, led by the Direxion Daily Semiconductor ETF (SOXL) at $25.8M and SanDisk at $21.2M; that is a floor, covering only non-crypto entries in CoinMarketCap's top-250 list. Data: CoinMarketCap. [3]
01 · Riot sold $1.5 billion of bitcoin to build AI data centers. Riot Platforms sold 20,264 bitcoin in the first nine months of 2026 for about $1.5 billion, "primarily to fund data center development," and ended September with 2,418 bitcoin, according to third-quarter results filed with the SEC at 7:30 a.m. ET (accession 0001104659-26-122368). It also announced a 15-year lease of its entire Corsicana, Texas, campus, 910 megawatts of critical IT capacity, to an artificial-intelligence lab it did not name, worth about $28 billion over the initial term by Riot's count. [4]
02 · Lower yields cut Circle's interest income; a token presale lifted its quarter. Circle, which issues the USDC dollar token, said in results filed at 6:26 a.m. ET (accession 0001876042-26-000309) that third-quarter income from the reserves behind USDC fell 8% to $657.6 million as its reserve return rate dropped 0.61 percentage point to 3.5%. Total revenue and reserve income rose 17% to $864.9 million, of which $182 million came from the presale of its new ARC token. [5]
03 · Block accrues $764 million for a proposed Justice Department deal. Block, whose segments are Square and Cash App, said in its quarterly report that it and the Justice Department reached an agreement in principle in October on a deferred prosecution agreement, under which prosecutors file a charge but agree to drop it if the company meets conditions for a set period. The Justice Department would defer for three years "a charge that the Company failed to maintain an effective anti-money laundering program in violation of the Bank Secrecy Act." The filing puts the gross monetary component at about $964 million and the net payment at about $764 million "based on credit for prior regulatory resolutions," and says Block accrued $764 million as of Sept. 30. It "remains subject to reaching a final agreement satisfactory to all parties and court approval." [8]
04 · Hut 8 sold about 3,100 bitcoin to buy back its own stock. Hut 8 retired 3,338,479 of its own shares for about $250.0 million, funded by bitcoin sales in and after the third quarter, using up its original buyback program; on Nov. 2 its board raised the total authorization to $1.0 billion, its results filed at 6:37 a.m. ET show (accession 0001104659-26-122347). By Le Coin's arithmetic on the two tranches in the release, that is about 3,102 bitcoin sold. Hut 8 reported third-quarter net income of $189.5 million, mostly unrealized gains on the bitcoin it holds. [6]
05 · Google agrees to back Anthropic's $19 billion TeraWulf lease, TeraWulf says. TeraWulf disclosed, in a filing accepted at 8:16 a.m. ET (accession 0001628280-26-069810), credit support agreements under which Google "agreed to backstop … certain obligations of Anthropic" under its leases at TeraWulf's Hawesville, Kentucky, campus, which TeraWulf ties to financing behind "approximately $19 billion of contracted lease commitments with Anthropic, PBC." The backstop for each building starts only when its final data hall begins its lease; TeraWulf expects delivery in phases from late 2027 through the second quarter of 2028. No loan, lender or amount is named. [7]
06 · The Associated Press projects Democrats won both chambers of Congress; crypto bills remain pending. AP's headline: "Democrats win the US House and Senate as voters deliver a strong rebuke to Trump and Republicans." These are projections, not certified results. By Le Coin's count of AP race calls as of 10:50 a.m. ET, AP had called 222 House races for Democrats and 138 for Republicans, with 75 uncalled, and 20 of this year's Senate races for Democrats and 13 for Republicans, with 2 uncalled. On congress.gov, the Digital Asset Market Clarity Act (H.R.3633) passed the House July 17, 2025, and a Senate motion to begin debate failed cloture, the 60-vote bar to end debate, 49–50 on Sept. 15, 2026. [9]
07 · French lawmakers back a rule making large crypto holders declare private wallets. France's National Assembly adopted amendment I-2701 to the 2027 budget bill on Nov. 3, 150 for, 44 against, with 8 abstentions (scrutin n° 9636). It would require people to declare crypto wallets they hold directly, not with a crypto service provider, when the total value held is €100,000 or more, assessed at Dec. 31. The amendment's explanatory note cites a penalty of up to €10,000 for failure to declare. This is a first-reading vote, not law. [10]
08 · Justin Sun asks a court to make World Liberty Financial pay $263,821.20 in legal fees. Justin Sun, Blue Anthem Limited and Black Anthem Limited filed a sanctions motion, a request that a court penalize a party for conduct in a case, on Nov. 2 in the U.S. District Court for the Northern District of California (No. 3:26-cv-03360-JD), arguing World Liberty Financial's first ownership disclosure was "plainly false." It is a request; the court has not ruled. The motion is noticed for Dec. 10 at 2:00 p.m. ET. [11]
Holding the Corner.
Not financial advice.