Top story: Strategy cuts cash reserve 61% to retire $1.5B in debt. At publication, Bitcoin was at $74,226 (-2.0% in 24h), Ether at $2,116.14 (-5.2% in 24h) and the total crypto market cap at $2.47 trillion (-5.8% in 24h).
Spain Orders Block on Polymarket and Kalshi Amid Unlicensed Gambling Probe
Spain's gambling regulator has opened sanction proceedings against Polymarket and Kalshi and ordered a temporary block on their websites while it reviews whether they operate without required gambling authorization. The ministry expects a final resolution within three to four months.
The U.S. Treasury's FinCEN ordered U.S. financial institutions to stop processing transfers involving MEXC Global, citing at least $16 billion in transactions tied to sanctions evasion and cybercrime. The order takes effect 30 days after Federal Register publication, and MEXC says its services are operating normally.
Strategy used most of its cash reserve to repurchase $1.5 billion in convertible notes for about $1.38 billion, leaving $871 million for dividends and debt service. The move reduces the buffer available for its preferred stock obligations while the company holds 843,738 BTC.
Keplr suspended Google and Apple social logins on November 7 after unauthorized transactions were traced to accounts exposed through Web3Auth, a Consensys-owned authentication provider. Bitquery estimates about $6.01 million moved from roughly 44,700 wallets across Cosmos networks and Injective.
The UK added HTX and several Russia-linked crypto firms to its latest sanctions package, targeting networks used to bypass restrictions. Sources differ on how far the asset-freezing and transaction restrictions extend to HTX's users and operations.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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