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The Marked Chart Wire · Crypto
Bitcoin
CryptoQuant analysis suggests Bitcoin's post-election rallies align with its four-year halving schedule rather than political outcomes. The asset posted a median 63 percent gain in the year after midterms held from 2014 through 2022.
Part of a series: Bitcoin slips below $80,000 as ETF outflows mount
New to this? Read: Trading vs investing: pick your clock
HotBitcoin
Bitcoin dropped under $77,000 while Zcash and BNB also declined. The Nasdaq 100 entered a correction, which weighed on Asian equities ahead of the U.S. midterm election.
Polymarket
The National Futures Association granted approval for Polymarket's new entity to act as a US futures broker. The firm must still receive CFTC clearance before launching, while regulators continue investigating its trading practices.
HotCrypto Regulation
The CFTC cleared the use of perpetual futures on equities, a structure previously common in crypto markets. Chair Michael Selig stated the move provides a regulated alternative to offshore venues.
Binance Hack
Binance reported that attackers compromised an employee using a fraudulent job interview to access the company's systems and steal cryptocurrency.
HotBinance Hack
Changpeng Zhao noted that automated systems are making sophisticated breaches easier to execute. The exchange recently lost $6.4 billion, though probes showed no AI involvement in moving the stolen cash.
HotBinance Hack
Binance recorded $5.3 billion in net outflows over 46 hours after a record hack. CEO Richard Teng said deposits are now outpacing withdrawals as the exchange recovers.
Fast headlines, summarized. Not verified and not advice. Check the full story before you act.