PANews
PANews
PANews 成立于2018年，提供有价值的Crypto/Blockchain/Web3资讯和研报。月均浏览量超千万，是目前加密行业最优质的中文媒体之一。📱 APP同名：PANews
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Blast L2 has officially shut down, and the asset recovery website will operate for 12 months
PANews reported on November 4 that Blast posted on the X platform that Blast L2 has officially shut down. Users who still have ETH or USD in their L2 wallets, pending withdrawals, or Blast Mobile can recover their assets through blast.io. This recovery website will operate for 12 months, with the final support date being November 4, 2027.
Previously, Blast announced in early October that it would gradually shut down the network due to operating costs exceeding L2 revenue. Its official withdrawal
The U.S. midterm elections have shifted power, casting a shadow over AI data center construction, making Samsung and SK Hynix nervous
Democrats Sweep U.S. Midterm Elections, Reshaping Global Technology and Industry Landscape.
The Democratic Party won gubernatorial elections in key states such as Texas and Georgia, with some candidates explicitly pledging to impose a moratorium on data center construction. This outcome has raised market concerns about the expansion prospects of AI infrastructure—Asian chip stocks broadly declined on Wednesday, U.S. Treasury yields fell accordingly, and the Nasdaq index has cumulatively correcte
Circle released its Q3 earnings report, with total revenue of $865 million, a year-over-year increase of 17%, and shares once rose over 4% in pre-market trading.
However, this quarter's growth mainly came from a one-time income: the pre-sale of ARC tokens from its own public chain Arc contributed $182 million. Interest rate cuts lowered reserve yields to 3.5%, causing Circle's main income from reserve earnings to decline 8% year-over-year.
USDC remains very active on-chain, with quarterly transaction volume reaching $13.9 trillion, a 49% year-over-year surge, and an end-of-quarter circulation of $73.9 billion.
Circle Q3: Token issuance revenue supports growth, USDC core business still under pressure
Author: SoSoValue Research
Circle delivered a quarterly report for Q3 showing growth in both revenue and profit, but the sources of growth have clearly shifted. Total revenue and reserve income increased 17% year-over-year to $865 million, net profit rose 5% to $226 million, with diluted earnings per share at $0.84; adjusted EBITDA grew 85% to $317 million. As of publication, CRCL was up over 2% in pre-market trading.
The core contradiction in this report is that the ARC token presale significan
Democrats take full control of the US Congress, will crypto regulation change? The CLARITY Act faces new challenges
Author: QQLink
The political landscape of the United States experienced a significant change on November 3.
According to the election results announced by the Associated Press on November 4, the Democratic Party won control of both the House of Representatives and the Senate, breaking the Republican Party's previous majority in both chambers of Congress. This means that the governing environment for the Trump administration over the next two years will undergo noticeable changes, and some policy
Behind the $11.8 billion North Korean hacker business, the asymmetric offense-defense battle enters the AI era
Author: Nancy, PANews
The world is entering an era of asymmetric warfare.
On the physical battlefield between the U.S. and Iran, Iran employs low-cost drones, missiles, and maritime blockades to wage a war of attrition, tying down U.S. military resources at relatively limited costs and exerting pressure on the global economy.
In the crypto world, AI is lowering the technical threshold for cyberattacks, amplifying attackers' operational efficiency and destructive capabilities. Attackers may only
The more ETH you accumulate, the more Bitmines start worrying about their profits
Author: Golem Foundation, Ethereum Institutional
Compiled by: Jiahua, ChainCatcher
An increasing number of publicly listed companies, funds, and crypto institutions are incorporating ETH into their balance sheets. After holding, the next question is how to utilize these assets.
Staking is the most direct option. However, as more ETH participates in staking, the yield has dropped from an average of 4.5% in 2022 to about 2.2%.
Measured in ETH, lending and providing liquidity yield less than stakin
Midterm Elections: Crypto Industry Spent $64 Million but Couldn't Stop Brown, Several Pro-Crypto Lawmakers Lost
Fox Business reporter Eleanor Terrett wrote that the U.S. midterm elections were a "tough night" for both the Republican Party and the crypto industry.
The crypto industry invested over $64 million but still failed to prevent Sherrod Brown, a critic of crypto, from returning to the Senate, where he may take a leadership role on committees overseeing the crypto sector. Pro-crypto Representatives Bryan Steil, Zach Nunn, and Ann Wagner lost their races, and Mike Lawler has also conceded defeat.
Two key committees will change hands. Senate Banking Committee Chair Tim Scott is expected to become the Senate Minority Leader in the next Congress. House Financial Services Committee Chair French Hill is likely to narrowly win re-election, but the chairmanship is expected to go to Democrat Maxine Waters.
The crypto industry also had some wins: Pete Ricketts was re-elected as Senator from Nebraska, and Andy Barr won the Kentucky Senate seat, succeeding Mitch McConnell.
Eleanor Terrett
🚨NEW: The midterms proved to be largely a bruising night for the GOP and the crypto industry. Here are the key wins and losses:
📌Over $64M of industry money failed to keep Sherrod Brown out of the Senate. Brown could land a committee leadership role with jurisdiction over crypto.
📌Pro-crypto House Republicans including @RepBryanSteil, @ZachNunn and @RepAnnWagner lost their seats. @RepMikeLawler conceded to Cait Conley, though AP has not called NY-17 yet as delayed ballots are counted.
📌DSCC Chair @SenGillibrand helped deliver a larger than expected Senate majority for Democrats, strengthening her influence in the conference. On the flip side, Republicans lost control of the Senate under NRSC Chair @SenatorTimScott, who is expected to move from Banking Chair to Ranking Member next Congress.
📌House Financial Services Chair @RepFrenchHill race not called yet but looks like he will squeak by with a margin of a few thousand votes. He’s expected to become Ranking Member, while Maxine Waters takes the gavel.
📌Pro-crypto Banking Committee member @PeteRicketts won his race in Nebraska.
📌Pro-crypto @RepAndyBarr won Kentucky’s open Senate seat, replacing Mitch McConnell, and will likely be a contender for a slot on the Banking Committee.
Trading moment: BTC fell below 76,000 intraday then rebounded, A-share semiconductors surged, STAR 50 rose nearly 10%
Every Monday, Wednesday, and Friday, focusing on the crypto market, Japan, South Korea, A-shares, and Hong Kong stocks, reviewing the market with data and seizing opportunities with trends, produced by PANews.
Bitcoin rebounds above $78,700, shorts liquidate in a chain but fail to reverse three consecutive ETF outflows
Bitcoin stabilized and rebounded near a seven-week low, currently at $78,757, up 2.0% in 24 hours, but still down 3.5% over 7 days and down 8.3% over 30 days. At the time of writi
Midterm Elections: Multiple Pro-Crypto Lawmakers Lost, $64 Million in Crypto Industry Failed to Prevent Brown's Return
PANews November 4 report: Reporter Eleanor Terrett posted on platform X that the U.S. midterm elections were overall a "tough night" for the Republican Party and the crypto industry. Over $64 million in crypto industry funds failed to prevent Sherrod Brown from returning to the Senate, where he may obtain a leadership position on a committee with jurisdiction over the crypto industry; pro-crypto House Republicans Bryan Steil, Zach Nunn, and Ann Wagner lost their seats, and Mike Lawler has conced
