Analyst Adam stated that the on-chain transaction terminal is approaching the fifth retracement in history with a magnitude of 90%. Historical data shows that such retracements typically last about 45 days from peak to trough, with the longest lasting 61 days, occurring in March 2025. This current pullback has lasted 58 days, approaching the longest record in history. Assuming the on-chain trading market does not fall into a prolonged recession, trading volume may begin to recover soon.

USDC issuer Circle laid off 5% of its workforce during the quarter it achieved profitability.

Riot Platforms disclosed in its 8-K filing that the digital asset custody agreement it entered into with NYDIG Trust Company in November 2023 was automatically terminated on October 29. All digital assets previously held in custody by NYDIG have been transferred to BitGo Bank & Trust and are now held by BitGo in accordance with the custody service agreement disclosed on October 14. Riot Platforms has not paid the early termination penalty. Under the original agreement, NYDIG used cold wallets to hold Riot Platforms' Bitcoin and charged an annual fee based on the average daily USD value of the custodied assets. Riot Platforms released its Q3 2026 financial results on November 4.

[Guangxi Court Rejects Elderly Couple's Compensation Claim in Cryptocurrency Investment Dispute] In 2020, Mr. and Mrs. Mo were introduced to an overseas cryptocurrency mining machine investment project, investing 4,200 yuan and over 60,000 yuan respectively. In December 2020, the platform shut down, making it impossible to withdraw their funds. In early 2026, the couple sued the investment introducer and the actual operator, demanding the return of all their investment and interest. The court held that the cryptocurrency investment in question violated financial regulations and public order and good morals, rendering the investment contract invalid. The investment loss stemmed from the illegality of cryptocurrency trading and the platform's risks. The court rejected the plaintiff's claim, and the second instance upheld the original judgment.

Riot Platforms announced its Q3 2026 financial results, reporting total revenue of $181 million and net income of $4.03 million. Bitcoin mining revenue was $116 million, data center revenue was $18.4 million, and engineering revenue was $47 million. The company mined 1,637 BTC in Q3, reducing the cost per BTC to $39,265. As of September 30, Riot Platforms held 2,418 BTC, worth approximately $202 million. In the first three quarters of this year, the company sold approximately 20,264 BTC, raising about $1.5 billion, primarily for data center construction. In addition, the company has fully repaid and terminated its $200 million Coinbase line of credit and released all pledged BTC.