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The Winklevoss brothers' crypto exchange handed over its UK and European operations to Singapore-based payments company KAST. The deal amount is less than $10 million, even though the divisions were bought mainly for their licenses.
The euro against the dollar has fallen to its lowest level in a year and a half, while the DXY dollar index has risen to 103.08 - also an 18-month high. By the European session, the pair had recovered part of the decline and is holding around 1.1090.
Japan's largest broker Nomura is in preliminary talks to sell Laser Digital, its crypto business for institutional clients. London-based Marex Group is named among possible buyers. Bloomberg reported this on November 11.
On the morning of November 12 in Hong Kong, shares of Alibaba (ticker 9988.HK) and Tencent (700.HK) fell by about 5%. The reason was the preparation of new US rules: Chinese AI companies are to be banned from remotely using advanced chips via data centers outside the US and China.
The Office for National Statistics (UK's national statistics service) publishes its preliminary estimate of third-quarter GDP. Consensus is growth of 0.7% quarter-on-quarter versus 0.5% in the second quarter, with an annual rate of 1.9% versus 1.4%. GBP/USD approaches the release around 1.3275 - the lowest since mid-October.
DXY (dollar index, the dollar's exchange rate against a basket of currencies) reached 103.048 during the Asian session on Thursday - for the first time since early April 2025. In the previous session it gained 0.7% after US inflation came in above forecast.
360X, a platform of the Deutsche Börse group, has launched tokenized versions of all 40 DAX index securities. Siemens or Allianz can now be bought even at night on Sunday, when the Frankfurt exchange is closed.
Payward, the parent company of the Kraken exchange, has added more than 200 British and European stocks to the xStocks service, including all 40 companies of the German DAX index - SAP, Siemens, Allianz. The total number of tokenized securities has surpassed 1500, and assets under management have exceeded $1.1 billion.
On Wednesday, November 11, by 11:58 Moscow time, silver (XAG/USD) was worth $52.92 per troy ounce versus $51.52 at Tuesday's close. In the European session, the metal rose almost 3%, to around $53.00.
Germany's largest bank, with assets of around $1.7 trillion, began offering cryptocurrency custody services to paying clients on November 11. It filed its application with regulator BaFin back in June 2023 - the wait stretched to 41 months.
On the morning of November 11, US index futures reversed upward: the market received a signal of de-escalation around Iran and strong earnings in the artificial intelligence sector. A day earlier, the same indices closed lower after inflation data.
October inflation in the US came in above forecast, and the government bond market responded with a sell-off. The DXY dollar index stands at 102.22 - a high since October 28, and the market considers a Fed rate hike on December 9 almost a done deal: 91.9% according to CME FedWatch versus 84% the day before.
A group of major banks invested about $270 million in the Faro project - the issuance of its own stablecoin (a coin with an exchange rate pegged to the dollar). The money will cover five years of operation for the issuing company, and the coin's launch itself is stated for the first half of 2027.
Privacy coins are being sold off in sync: ZEC lost 10.5% in a day, Monero - 9.2%. Zcash is now 31.5% below its September level above $1,600.
US October prices rose faster than expected, and the market almost unanimously bet on a Fed rate hike on December 9. The euro lost 0.28% over the day and is trading around 1.1190.
By 11:57 Moscow time on Tuesday, US WTI crude lost the $84 per barrel mark and dropped to lows not seen since late August. This is the second consecutive day of heavy selling, with Brent plunging below $90 over the same period.
Fed Governor Christopher Waller said on Tuesday, November 10, during the European session: if US core inflation for October comes in around 0.3% month-over-month or higher, December will require a rate hike of a full half percentage point. The October CPI report itself is released the same day.
Philip Lane, Chief Economist of the European Central Bank (ECB), indicated on the morning of November 10 that the rate hike cycle in the eurozone is not over. His words were published at 11:44 MSK, in the middle of the European session.
Clare Lombardelli, Deputy Governor of the Bank of England, told the Guardian that she does not rule out a rate hike at the December meeting. For a market accustomed to expecting cuts from the British central bank, this is a reversal in tone.
On November 9, the U.S. Commodity Futures Trading Commission (CFTC, the regulator of the futures and forex market) banned eight Americans from working in the industry: they brought U.S. retail traders to unlicensed offshore brokers. Clients deposited about $391 million with the four brands.
On Monday, November 9, the dollar was the weakest currency among the majors. DXY (the dollar index against a basket of currencies of the US's main trading partners) lost almost 0.4% and dipped to session lows below 102.00.
Binance clients in France, Italy, Spain and Poland are receiving notices that their accounts will be closed on December 31, 2026: the exchange never obtained a MiCA license (the EU's overarching crypto law). From November 29, a fee of 0.025% per month, minimum 10 USDC, will be charged on money remaining in the account.
On Tuesday, the US consumer price report for October is released. The FactSet consensus is plus 0.2% for the month versus 0.6% in September, when annual price growth accelerated to 3.7%, the highest since May.
MEXC exchange explained the halt as "scheduled maintenance" a day after the US Treasury order that cuts it off from the American financial system. According to the Cexorer tracker, as of November 7, six out of 18 tracked networks for USDT withdrawal (a stablecoin with an exchange rate pegged to the dollar) were working.
