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THE BLOCK: Bit Digital $BTBT reported $28.5 million in Q3 net income attributable to shareholders, returning to profit with help from digital asset gains.
Revenue fell 11% year over year to $27.1 million, with ethereum:native staking revenue down despite growth in its AI colocation business.
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EXCLUSIVE: BNY taps Figment to support staking on its digital asset custody platform theblock.co/news/business/20…
EXCLUSIVE: BitGo expands institutional stablecoin minting and redemption platform with USDC theblock.co/news/business/20…
THE BLOCK: UK bank Griffin raised $20 million in a Series B round led by Octagon Partners to develop stablecoin services and add card issuing.
Griffin plans to develop stablecoin reserve capabilities and integrate onchain cross-border payments into its embedded banking platform, which serves more than 80 companies.
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Tron, Tether and Chainalysis form new alliance to tackle AI-powered crypto crime theblock.co/news/business/20…
Sygnum launches ETH Alpha Fund targeting 8% to 10% annual returns in ETH theblock.co/news/business/20…
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THE BLOCK: Crypto exchange Backpack announced it has signed a partnership agreement with Japan's Minna Bank, a digital bank under FFG, one of the country's largest regional banking groups.
The two will utilize Backpack's onchain infrastructure to explore crypto-linked digital banking services in Japan.
NEW: South Korea's top financial regulator plans to allow crypto exchanges to preemptively halt deposits and withdrawals if they suspect a hack or security breach, according to Yonhap News Agency.
The current law only allows platforms to pause services when they can confirm that a hack has occurred.
THE BLOCK: Sui ecosystem wallet Suiet will discontinue all API services and technical support after Nov. 14, 2026.
The team said user assets will remain on the Sui blockchain, but users must back up their recovery phrases or private keys and migrate to another wallet to retain reliable access to balances and transactions.
THE BLOCK: tZERO received CFTC approval to operate a regulated derivatives exchange, adding a DCM to its existing DCO registration.
The company said the approvals allow it to provide regulated derivatives trading and clearing infrastructure alongside its digital asset services.
THE BLOCK: The Bank of Russia has issued an ordinance allowing exchanges to begin cryptocurrency trading from Nov. 22.
Exchanges must obtain the regulator's concurrence with their trading rules, register participants, maintain order and transaction records, and report trading results.
NEW: Israel Police arrested five suspects in an alleged NIS 16 million ($5 million) unlicensed WhatsApp cryptocurrency trading network, The Jerusalem Post reports.
Investigators said the group operated without permits, failed to report transactions to tax authorities, and used loan agreements to route crypto proceeds into bank accounts.
THE BLOCK: Blockchain infrastructure provider Chainstack said it was hit by an AI-powered security breach that exposed customer names, emails, and password hashes as the attacker accessed parts of its systems through a third-party component.
The team is treating node credentials as exposed and asking customers to rotate them and change passwords.
THE BLOCK: Ethlabs proposed bringing forward Ethereum's post-quantum upgrade to 2027, citing accelerating timelines. It also said it wants the network to be post-AI — resistant to AI capabilities that may compromise cryptographic primitives.
Founded by former Ethereum Foundation researchers, Ethlabs launched earlier this year as a nonprofit organization for Ethereum research and development. ethereum:native
THE BLOCK: Solana Company reported $3.4 million in Q3 revenue, showing strong growth from $0.7 million in the same period last year. Its quarterly revenue was primarily driven by staking revenue on its solana:So11111111111111111111111111111111111111112 holdings.
As of Sept. 30, the company held roughly 2.4 million SOL, with a fair value of approximately $288.2 million.
THE BLOCK: Nvidia perpetual futures plunged as much as 10% late Wednesday on Hyperliquid after media reports that the company's board is preparing to oust CEO Jensen Huang over two extramarital affairs, one of them involving a suspected Chinese spy.
Nvidia shares also fell 8% in after-hours trading. $NVDA
