Bitcoin miners experience a brief respite as mining difficulty drops, but a rise is expected in December. Hashprice, a key profitability measure, is at record lows, causing concern for miners. The industry faces additional challenges, including new regulations, rising energy costs, and global tensions affecting equipment supply. The US Department of Homeland Security is investigating Bitmain, a major mining hardware manufacturer, for potential spying, which could lead to industry-wide issues.

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XRP defies market pressure, stabilizes at $2.17, hinting at a potential turnaround. After an 18% drop, XRP finds support, aligning with Elliott Wave theorys end of correction phase. Trading within an 11-cent range, XRP bounces off $2.17, signaling buyer confidence. A close above $2.22 could indicate a new growth phase.

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HBAR, Hederas token, surged by 2.5%, reaching nearly $0.15, driven by strong institutional interest and a shift to bullish trading positions. The token broke past a key resistance level, experiencing a massive volume surge, and formed consistent higher lows throughout the day. A rapid increase in price during a two-minute window likely triggered automated buying, further propelling the rally. Traders are now watching for HBAR to continue its climb towards the $0.15-$0.16 range, with volume behavior around $0.15.6 being crucial for the rallys continuation.

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From January 2026, UK crypto users must organize their affairs as transaction data will be automatically collected and shared with HMRC by major exchanges. This move aligns with international standards, aiming to increase transparency and prevent tax avoidance in the digital asset space.

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Bitcoin shows signs of strength as Coinbase Premium Index turns positive, indicating renewed interest from American investors. However, it remains caught between key price points, with ninety thousand dollars now acting as resistance. Sentiment index climbs, but doesnt yet signal a complete change in investor mood.

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Amundi, a leading European asset manager, has launched a tokenized version of its main euro cash fund, marking a significant step in bringing more financial products onto blockchain technology. This hybrid fund allows investors to buy traditional shares or hold a digital, tokenized version on the Ethereum blockchain. The first transaction using this new system occurred on November fourth. Developed in partnership with CACEIS, the fund uses distributed ledger technology for transparent record-keeping and easy transaction tracing. CACEIS plans to enable stablecoin and central bank digital currency purchases in the future, aiming for 24/7 subscription and redemption services.

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Tether, a major stablecoin issuer, is shutting down its bitcoin mining operations in Uruguay, leading to the dismissal of most local staff. The company cited unresolved energy tariff issues with authorities as the main reason for this decision, marking a significant shift from its earlier plans to invest up to $500 million in the country. Tether had initially aimed to build data centers and a renewable energy park, but after spending over $110 million and committing $50 million to infrastructure, the company decided to pull out due to high energy prices and regulatory challenges.

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Truthers new crypto card, launched in El Salvador, allows direct spending of USDT from self-custody wallets, offering more control and convenience. With a two percent fee for conversions, it avoids IOF tax in Brazil. The card, integrated with Visa, will expand to other Latin American countries, aiming to make stablecoin spending more practical.

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Expert Connors explains why Bitcoin isnt ready to replace gold for big financial players, despite its volatility and lack of established financial systems. Golds long history of trust and existing financial channels, along with its practical use in international trade, give it an edge over Bitcoin. Recent price drops in Bitcoin, linked to broader lack of available money in the system due to US fiscal policy, further highlight this gap.

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Federal Judge Rules Against Kalshi, Sparking Prediction Market Jurisdiction DebateA federal judge recently ruled against prediction market company Kalshi, stating that certain sports-related contracts offered by the company fall under Nevada state jurisdiction, not federal. This decision could significantly impact how prediction markets operate, potentially requiring them to comply with individual state laws rather than a single federal framework. Kalshi had argued that its event contracts are a type of swap, which are typically regulated by the federal Commodity Futures Trading Commission, or CFTC. However, the judge distinguished between commodities trading and gaming, asserting that sports outcome contracts are not swaps and therefore not exclusively under the CFTCs authority. Kalshi plans to appeal this decision, citing conflicting rulings from other federal courts on prediction market jurisdiction. This ongoing legal battle highlights a broader question about whether prediction markets are financial products or a form of gambling. The outcome will likely shape the future of prediction markets, determining whether they face a patchwork of state regulations or a unified federal approach.

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