Tether holds about 150,000 bitcoin, worth some $11.5 billion at current prices, CEO Paolo Ardoino said, a figure that exceeds the holdings implied by the company’s latest reserve attestation by roughly 50,000 coins.

“We have give or take 150,000 bitcoin ourselves. It’s not much, but it’s honest work,” Ardoino said during his keynote at the Plan ₿ Forum in Lugano, Switzerland, the city where Tether has run a bitcoin and stablecoin adoption program since 2022.

At that size the stack would rank Tether among the largest corporate holders of bitcoin, behind Strategy’s 848,517 BTC (as of Q3) and ahead of most public miners and treasury companies. 

Ardoino did not say…

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A Democratic sweep of Congress would end the CLARITY Act’s chances for the next two years and sour the political climate for crypto, TD Cowen’s Washington analyst Jaret Seiberg wrote to Bitcoin Magazine and clients in an election-day note.

Seiberg wrote that TD Cowen agrees with polls and prediction markets that Democrats are likely to take both chambers, with the caveat that polls taken a month out, which were more mixed, tend to beat those taken on the eve of a vote. 

His conclusion for crypto is blunt: “Democrats will likely investigate Trump including his crypto entanglements. We see this as souring the political environment for crypto, which is why we do not expect…

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The $6.34 billion theft from Binance began with a fake job interview and ran for five months before a single coin moved, the exchange said Tuesday in its first public account of the Oct. 29 attack.

Another initial incident report from Binance, released alongside a media briefing by co-CEO Richard Teng and chief security officer Jimmy Su, describes a campaign that combined a poisoned software download, a staged recruitment process, malware that evaded endpoint detection and an internal AI tool the attackers turned against the company’s own wallet engineers. 

Binance said it has frozen or intercepted about $2.85 billion of the stolen assets and replenished 98% of affected…

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U.S. federal debt has grown 40x in 45 years, from $1 trillion in 1981 to over $40 trillion. Andrew Hohns, founder and CEO of Battery Finance, explains why he doesn’t expect tax hikes or spending cuts to fix it, and how a strategic Bitcoin reserve could help defease the national debt. He also makes the case for the Treasury to pilot BitBonds.

Chapters:00:00 Andrew Hohns on Bitcoin and the Midterms00:47 Bond Market Volatility and America’s Fiscal Outlook01:22 40x Federal Debt Growth in 45 Years02:55 A Strategic Bitcoin Reserve to Defease the Debt03:20 Why BitBonds Haven’t Come to Market Yet05:12 Higher Borrowing Costs and the Digital Credit Boom06:15 Battery Finance’s…

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Perpetual futures on individual stocks can begin trading on U.S.-regulated exchanges for the first time, the Commodity Futures Trading Commission said Tuesday, extending a product that was confined to offshore crypto venues a year ago into the equity market.

In a statement, CFTC Chairman Michael S. Selig said the contracts, which he called “Equity Perps,” were deemed approved under Commission Regulation 40.3 as security futures products. 

They may list on exchanges that hold a CFTC designated contract market registration and a notice registration with the Securities and Exchange Commission as a national securities exchange for security futures.

“This expansion marks a…

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New Jersey’s securities regulator has withdrawn the 2023 cease-and-desist order that barred Coinbase from offering staking to new customers in the state, ending a three-year standoff that cost residents an estimated $15 million in forgone rewards.

The Bureau of Securities notice, dated Oct. 30 and signed by Acting Bureau Chief Keith A. Alt, rescinds the order and the $5 million penalty that came with it. The withdrawal is without prejudice and without a ruling on the merits. 

Coinbase disclosed the development in its third-quarter report filed with the Securities and Exchange Commission, which states that the regulator informed the company of its intent to rescind on Oct…. Read more on BitcoinMagazine

Bitcoin price traded near $77,500 on Tuesday morning as polls opened for the U.S. midterm elections, down about .6% on the day and roughly $30,000 below its price one year ago, according to Bitcoin Magazine Pro data. 

The vote decides control of Congress and, with it, the fate of the CLARITY Act, the market structure bill that passed the House 294-134 in July 2025 and failed a Senate cloture vote 49-50 on Sept. 15. 

Prediction markets on Kalshi give Democrats a 94% chance of taking the House and 74% for the Senate. A Democratic Senate would likely put Sen. Elizabeth Warren in line to chair the Banking Committee. If Congress does not act before the new session convenes on Jan. 3, the…

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Fifty public companies have now objected to having their shares tokenized on OKXICE, the joint venture between crypto exchange OKX and New York Stock Exchange parent Intercontinental Exchange (ICE), as the venue’s first 30-day notice window closes Tuesday.

The venue’s Oct. 30 notice added 12 objectors, including Nvidia, Costco, Nike, Micron and Reddit. They join Microsoft, Alphabet, JPMorgan Chase, Goldman Sachs, Walmart, Broadcom, Verizon and Intel, among others. Of the 62 companies OKXICE initially proposed to tokenize, 43, or about 69%, have objected, according to a CoinDesk tally.

The list has grown fast: nine objectors on Oct. 15, 16 on Oct. 19, 38 on Oct. 28 and 50 two days…

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Brazil’s largest cryptocurrency exchange kept deposits and withdrawals suspended on Monday after a security incident in one of its systems. The shutdown left customers unable to send funds into or out of the platform while the company worked to restore operations.

Mercado Bitcoin said in a statement posted to X that it had identified and contained the incident. The company said customers suffered no losses and that no data had leaked. It described the suspension as a precaution. Its teams are investigating, tracing assets and coordinating with authorities, the company said. According to Bloomberg, the company said it would absorb all losses.

The company has not said which…

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Binance restarted customer withdrawals on Sunday, four days after hackers drained roughly $6.3 billion from its hot wallets in the largest crypto theft on record. 

The exchange reopened in stages over the weekend, starting with bitcoin and expanding to 15 networks. The move marked the first real test of whether the platform could absorb a loss of that size without freezing its customers out for longer.

The recovery push began Saturday. In its third recovery update, Binance said it had replenished 90% of the impacted amount with company funds. The exchange drew on part of its Secure Asset Fund for Users, a portion of its futures insurance fund and its corporate treasury to buy…

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