Briefs · Morning brief
The Bank of England publishes its November rate decision at 7:00 a.m. ET, and Base's docs still list today for its Denim upgrade, which moves the network to 200-millisecond blocks. Bitcoin traded at $80,283 at 6:22 a.m. ET, up 2.22% over 24 hours.
| Asset | Now (6:22 a.m. ET) | 24h change |
|---|---|---|
| Bitcoin (BTC) | $80,283 | +2.22% |
| Ether (ETH) | $2,419.47 | +3.79% |
| Solana (SOL) | $96.63 | +3.14% |
| BNB | $716.53 | +2.24% |
| XRP | $1.32 | +2.18% |
All five majors rose over the 24 hours to about 6:22 a.m. ET, according to CoinGecko. [11]
Bitcoin's share of total crypto market value stood at 60.12% as of 5:19 a.m. ET, and CoinMarketCap's Fear and Greed Index read 43 (Neutral) at 5:08 a.m. ET, its highest since Oct. 28. Data: CoinMarketCap. [12]
Figure 1. Movers, top 50 by market cap, excluding stablecoins, wrapped and staked tokens, tokenized gold, cash-like funds and meme coins, 24 hours to about 6:22 a.m. ET:
| Gainers | 24h change | Decliners | 24h change |
|---|---|---|---|
| Bitcoin Cash (BCH) | +4.16% | Hyperliquid (HYPE) | −5.38% |
| Chainlink (LINK) | +3.28% | Rain (RAIN) | −3.37% |
| Cardano (ADA) | +3.13% | Gram (GRAM) | −2.76% |
No catalyst is sourced for these moves. [11]
Crypto short liquidations totaled $391.6 million and long liquidations $141.0 million over the 24 hours to 6:22 a.m. ET. Non-crypto perpetual futures on stocks, ETFs, indexes and energy added at least $32.7 million in shorts and $101.8 million in longs; that figure is a floor, from CoinMarketCap's top-250 list only. Data: CoinMarketCap. [13]
Figure 2. Largest crypto liquidations, 24 hours to 6:22 a.m. ET (24h price change in parentheses):
| Coin | Shorts | Longs |
|---|---|---|
| Bitcoin (+2.1%) | $229.8M | $16.7M |
| Ether (+3.8%) | $104.5M | $81.8M |
| Solana (+3.2%) | $13.0M | $5.5M |
| Zcash (+0.8%) | $6.9M | $3.0M |
| Hyperliquid (−5.4%) | $2.0M | $5.4M |
Data: CoinMarketCap. Price changes are CoinMarketCap quotes and differ slightly from the CoinGecko figures above.
01 · Bank of England decision is due this morning. The upcoming-dates page lists Nov. 5 for the November MPC Summary, minutes and Monetary Policy Report; the summary page says they are "to be published at 12pm" London time (7:00 a.m. ET). As of about 6:26 a.m. ET they had not printed. [1][2]
02 · Base's Denim upgrade remains "Planning." Base's docs still show Denim mainnet status "Planning" for Nov. 5, with 200-millisecond native blocks replacing Flashblocks; Sepolia is Live as of Oct. 21. [4]
03 · Block accrued $764 million for a proposed Justice Department deal. Block's 10-Q says it reached an agreement in principle in October on a deferred prosecution agreement; the net payment is about $764 million and remains subject to a final agreement and court approval. [7]
04 · AP projects Democrats won both chambers; crypto bills remain pending. AP's projection is not a certification. The Clarity Act (H.R.3633) passed the House July 17, 2025; Senate cloture on the motion to proceed failed 49–50 on Sept. 15, 2026. [5][8]
05 · France adopted a large-wallet declaration rule on first reading. Amendment I-2701 passed Nov. 3, 150–44 with 8 abstentions, for self-custody wallets of €100,000 or more. Not law. Senate reading opens Nov. 20. [9][10]
| Time (ET) | Event |
|---|---|
| 7:00 a.m. | Bank of England November MPC decision and Monetary Policy Report (12:00 p.m. London) |
| 8:30 a.m. | BLS Productivity and Costs, third quarter 2026 |
| Time not stated | Treasury announces 6-, 13- and 26-week bills (auctions Mon. Nov. 9) |
| Today | Base Denim mainnet upgrade listed for Nov. 5 (status "Planning") |
| Through Fri | Devcon (Ethereum), Mumbai |
| Fri 8:00 a.m. | TeraWulf (WULF) third-quarter call |
| Fri 8:30 a.m. | BLS Employment Situation |
| Fri 12:15 p.m. | Fed Vice Chair for Supervision Michelle W. Bowman |
| Mon 5:00 p.m. | MARA Holdings third-quarter call |
| Tue 8:30 a.m. | BLS Consumer Price Index |
| Wed Nov. 11 | Veterans Day (federal holiday) |
| Date unconfirmed | Zcash NU7 activation height not yet set |
In Le Coin's view, both of the morning's dated items are still promises on a web page: the Bank of England had not published its decision, and Base still labels Denim "Planning," not live. The overnight rally did its damage to bears: bitcoin shorts accounted for $229.8 million of liquidations against $16.7 million in longs.
Holding the Corner.
Not financial advice.