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About three months after a pseudonymous crypto trader reported that the MEXC exchange had frozen about $3 million worth of their holdings, a representative publicly apologized and released the funds.In a Friday X post, MEXC Chief Strategy Officer Cecilia Hsueh said the exchange “f***-ed up” in handling a situation with a crypto user called the White Whale. In July, MEXC froze $3.1 million of the user’s funds, allegedly due to the exchange’s “risk control rules.”“We apologize to [the White Whale], and his money is already released,” said Hsueh. “He can claim it at any time. I messed up in communicating…

Cardano (ADA) is garnering attention from crypto analysts who are forecasting a potential breakout above a symmetrical triangle pattern. This move could end a prolonged accumulation phase, potentially driving ADA’s price to the $1 psychological level in November, according to CryptoNews. Currently trading at $0.6293, ADA has seen a 3% daily decline, extending its monthly losses to over 20%. Despite the dip, trading volumes remain robust, exceeding $1 billion daily, indicating strong market interest. Cardano maintains its position as the 10th-largest cryptocurrency, boasting a market capitalization of $22.5 billion. Cardano’s Strategic Advancements and Market Position Cardano’s fundamentals continue to strengthen,…

Good Morning, Asia. Here’s what’s making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.Bitcoin is trading around $109K as Hong Kong begins its business day, as traders continue to digest comments from Fed Chair Jerome Powell that another rate cut isn’t a certain thing, chilling demand for BTC ETFs and other risk assets.Polymarket traders now assign a 71% chance of a 25-basis-point rate cut at the Fed’s December meeting, down sharply…

Alibaba’s advanced Qwen3-MAX AI predicts that anyone holding Solana, XRP, and Cardano will be their own Santa Claus when Christmas rolls around.Crypto’s traditional “Uptober” rally faded quickly after President Donald Trump introduced sweeping 100% tariffs on goods imported from China barely a week in. Yet optimism has returned following the recent U.S. launch of Solana, Litecoin, and Hedera ETFs, along with growing speculation that the Fed’s announcement of another 25 basis point interest rate cut yesterday. These developments indicate strong altcoin performance will characterise the next bull run . Qwen3-MAX forecasts SOL, XRP and Cardano will lead.Solana (SOL): Qwen3-MAX Predicts…

Bitcoin (BTC) miners have raised $11 billion in convertible debt — corporate debt that is convertible to stocks — over the last year, amid a pivot into artificial intelligence data centers.Miners completed 18 convertible bond deals following the April 2024 Bitcoin halving that slashed the block reward by 50%, according to TheMinerMag.The average convertible bond issue more than doubled, with mining companies MARA, Cipher Mining, IREN and TeraWulf each raising $1 billion through single bond issues. Some offerings have featured coupons as low as 0%, signaling investors’ willingness to waive interest payments in exchange for potential equity upside. Convertible bond…

In a major development for the artificial intelligence sector, Anthropic has unveiled plans to significantly increase its compute resources through an expanded partnership with Google Cloud. This strategic move will involve the utilization of up to one million Tensor Processing Units (TPUs) to bolster Anthropic’s AI research and product development efforts. Enhancing AI Capabilities According to a recent announcement by Anthropic, this expansion represents a multi-billion dollar investment, expected to bring over a gigawatt of capacity online by 2026. Thomas Kurian, CEO of Google Cloud, emphasized the efficiency and strong price-performance of TPUs, noting their integral role in Google’s AI…

Chainlink’s native token LINK LINK$18.15 recovered to $18.40 during the Wednesday session, reversing losses from a sharp intraday selloff that saw the price fall below the key $18 support level.A sudden volume spike of 4.59 million tokens — 178% above the 24-hour average — confirmed the breakdown as sellers overpowered short-term support levels. The token briefly consolidated between $17.80 and $18.30 before buyers stepped in late in the day, CoinDesk Research’s market insight tool suggested.The rebound coincided with the broader crypto markets stabilizing after a Federal Reserve Chairman Jerome Powell’s slightly hawkish speech, which saw bitcoin BTC$109,968.39 briefly dipping below…

Anthropic’s Claude AI has released an ambitious forecast for November, suggesting that Litecoin, Cardano, and XRP could all post substantial gains before Christmas.October’s much-hyped “Uptober” rally ended soon after President Donald Trump unveiled sweeping 100% tariffs on Chinese imports. However, following yesterday’s launch of Solana, Litecoin, and Hedera ETFs in the US, alongside expectations that the Federal Reserve will announce another interest rate reduction today, Claude is predicting that November will be the start of altseason.Litecoin (LTC): Veteran Crypto Ready for a Major BreakoutLitecoin (LTC), launched in 2011 by ex-Google engineer Charlie Lee, was built as a faster and cheaper…

NVIDIA has unveiled CodonFM, a groundbreaking RNA foundation model aimed at revolutionizing digital biology research. As part of the Clara open model family, CodonFM is poised to transform how RNA sequences are analyzed and utilized in various biological tasks, according to NVIDIA. CodonFM: A New Paradigm in RNA Analysis CodonFM distinguishes itself by interpreting RNA sequences in their natural syntax, akin to reading words in a sentence. This innovative approach allows the model to comprehend the complex grammar of genetic codes, offering insights into codon usage bias across different organisms. Unlike traditional protein language models, CodonFM accounts for synonymous variants,…

Brazilian solar power producer Thopen is exploring a move into Bitcoin mining as a way to absorb surplus energy generated by the country’s fast-growing renewable sector, the company’s CEO told local outlet BN Americas.Gustavo Ribeiro, who is CEO of Thopen and its majority owner, Pontal Energy, told BN Americas the company is considering expanding into Bitcoin (BTC) mining, according to a Wednesday report. When asked how Thopen plans to address Brazil’s energy oversupply, Ribeiro said the company is mitigating the issue through diversification.He added that the company is also “evaluating solutions such as data centers and Bitcoin mining near the…