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Stablecoin supply has barely grown this year, but payments using the tokens are surging.
Stablecoin supply has barely grown this year, even as payments using the tokens surge.
Circle’s latest earnings offer another example of the split.
The divergence is between dollars outstanding and activity on blockchain networks.
💬 Do you see stablecoins more as payment tools or market infrastructure?
Source: CoinDesk
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Six Gulf countries agreed a 2,100km rail network from Kuwait to Oman.
Transport ministers from GCC states signed the agreement at Al Zahir Palace in Bahrain.
The project would link the six member states, from Kuwait in the north to Oman in the south.
Bahrain's transport minister said it is a step toward completing legal and regulatory work.
He said the network could open broader prospects for trade, investment and travel.
💬 How could a shared Gulf rail line change travel in the region?
Source: The National
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$1.28 billion left Bitcoin ETFs in their worst outflow week since June.
Bitcoin ETFs saw $1.28 billion in outflows over the week.
BlackRock's IBIT accounted for 98% of Friday's outflows.
$403 million left the industry-leading fund on Friday.
The week marked the worst outflow period for the funds since June.
💬 What does a week like this say about ETF demand?
Source: The Block
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Dozens of Chinese companies were approved to handle Nvidia H200 chips, and some have ties to sanctioned firms.
The Commerce Department approved dozens of Chinese companies to handle Nvidia’s H200 chips.
Some of the approved companies have ties to firms under sanctions.
The item says the sanctions are over national security concerns.
💬 How should chip approvals handle indirect ties to sanctioned firms?
Source: The New York Times
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ING is reportedly seeking buyers for about $500 million across 12 data center loans.
The portfolio reportedly includes a $25 million piece tied to a New Mexico Stargate site.
Bids of $10 million or more are reportedly due by Nov. 19 in a competitive auction process.
The sale highlights banks moving AI data center loans to private credit firms, asset managers and insurers.
Equinix says its 30-to-60 MW sites may be less exposed to U.S. proposals aimed around 100 MW.
💬 Should AI data centers face tighter construction limits?
Source: CNBC
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US regulators reportedly asked banks about unusual activity after a $6.3 billion Binance hack.
Officials from the Fed and OCC reportedly contacted banks after the $6.3 billion Binance hack.
They asked about unusual activity or service disruptions, according to people familiar with the matter.
Banks have been assessing the hack and checking whether their systems could manage similar threats.
Binance said it shared its public incident report with banking partners and knew of no vulnerabilities affecting them.
💬 How should banks handle crypto incident checks after major hacks?
Source: Cointelegraph, CoinDesk
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A wallet supposedly linked to Trump Media moved $342 million in bitcoin to Crypto.com.
Blockchain data tracked by Arkham show the large BTC transfer.
The wallet is supposedly linked to Trump Media.
The transfer went to Crypto.com, according to the data.
💬 How much trust do you place in wallet-link labels?
Source: CoinDesk
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Euro area inflation rose to 4% in October, its first time at that level in three years.
A flash estimate showed inflation up from 3.8% in September.
Energy inflation rose to 20.8% from 18.9%, driving much of the increase.
All euro zone countries stayed above the European Central Bank's 2% target.
The ECB kept its key rate at 2.5% last month, after a 25 basis point hike in September.
💬 How should households handle inflation driven by energy shocks?
Source: CNBC
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Binance says it stopped 57 suspected North Korea-linked threats, but one fake interview still compromised an engineer.
Binance said attackers used staged recruiting, malicious software and an internal AI tool to reach its wallet infrastructure.
The exchange said stolen credentials helped attackers access wallet-signing operations and move $6.34 billion across several networks.
The FBI blamed North Korea's TraderTraitor operation, while North Korea reportedly denied the claim as absurd rhetoric.
Binance said less-liquid tokens left about 5% of impacted assets unreplenished, with withdrawals reopening progressively after checks.
💬 How should crypto firms harden hiring when attackers mimic recruiters?
Source: CryptoSlate, The Block, Decrypt
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