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PropMarketCapFRESHExchanges and infrastructure

Bitcoin mining difficulty fell by 9.13% — some miners are shutting down equipment

The Bitcoin network automatically recalculated mining difficulty and lowered it by 9.13% at once. This is how the network responds to part of its computing power leaving: at the current price, mining has stopped being profitable.

PropMarketCapFRESHInstitutional players and funds

IBIT sold off for 11 sessions in a row: $2.35 billion left the spot Bitcoin ETF in two weeks

BlackRock's IBIT fund, the largest Bitcoin exchange-traded fund in the US, has been losing money for 11 trading sessions without a single day of inflows - since October 30. Over that period about $2.35 billion was withdrawn from it, and this is the longest outflow streak in its history.

PropMarketCapMacroeconomics and central banks

The ECB's key rate will "very likely" have to be raised again, Nagel of the Bundesbank said

Joachim Nagel, head of the Bundesbank and a member of the ECB Governing Council, said on 13 November that under the current picture the regulator will have to act once more. The euro gained 0.23% against the dollar on this.

PropMarketCapExchanges and infrastructure

Hyperliquid overtakes crypto exchanges Bybit, Kraken and OKX: $16.8 billion in open positions

Decentralized exchange Hyperliquid closed the third quarter with a record $16.8 billion in open interest (the sum of all open futures positions) and for the first time surpassed three major centralized competitors on this metric.

FTMOProp industry

FTMO, a prop firm, will open 300 jobs, half of them at its broker OANDA

FTMO, one of the world's largest prop firms, has announced the hiring of 300 employees. Roughly half of the vacancies are at OANDA, a broker that is part of the company's structure.

PropMarketCapMacroeconomics and central banks

Producer prices slowed their growth: US inflation at 6.5% year-on-year instead of the expected 6.6%

The US Bureau of Labor Statistics (BLS) published the producer price index (PPI) for October. Annual growth accelerated from 6.3% to 6.5%, but came in slightly below the forecast, while the monthly rate slowed sharply - from 1.3% to 0.3%.

PropMarketCapProp industry

Futures prop firms are moving away from a monthly subscription for the evaluation to a one-time payment

Apex Trader Funding, Tradeify, Bulenox and My Funded Futures have removed the monthly evaluation fee for new purchases this year. At the same time, CME, the exchange whose data a trader needs to see quotes, still bills prop firms as before - every month.

PropMarketCapCurrencies, commodities and indices

SoftBank pledged its entire Intel stake: 87 million shares against a $7.4 billion loan

In a report dated November 10, the Japanese holding company SoftBank (one of the world's largest technology investors) disclosed that back in August it had pledged 87 million Intel shares - about 1.6% of all outstanding shares of the chipmaker. It has already received $7.4 billion against the collateral.

PropMarketCapRegulation

India raided CoinDCX and Delta: rupees were routed through USDT to Binance and KuCoin

India's Enforcement Directorate conducted raids on November 4 and 5 at three offices in Bengaluru. The country's largest crypto exchange by turnover, CoinDCX, and the derivatives platform Delta Exchange India came under scrutiny: they are suspected of circumventing currency legislation.

PropMarketCapCurrencies, commodities and indices

Japan's Ministry of Finance reminded about intervention: USD/JPY stalled below 160

The pair reached 159.95 - right up against the round 160 mark and the highest since September 2. Japanese Finance Ministry currency official Atsushi Mimura said markets should not forget about intervention risks, and the rate pulled back from that zone.

PropMarketCapExchanges and infrastructure

Gemini, a crypto exchange with business in the UK and Europe, was sold for less than $10 million to Singapore's KAST

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.

PropMarketCapCurrencies, commodities and indices

EUR/USD fell to 1.1066 - an 18-month low, the dollar index is also at a high

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.

PropMarketCapExchanges and infrastructure

Binance changes the settlement of commodity options: instead of the price at the moment - the 30-minute average

On November 12, Binance announced that options on commodity assets (gold contracts, where settlement is in crypto) are switching to the same settlement price methodology that already works for crypto options. The rule applies to contracts expiring on November 23 at 17:00 New York time, i.e. November 24 at 01:00 MSK, and to all subsequent ones.

PropMarketCapExchanges and infrastructure

Nomura is looking for a buyer for its crypto unit: Europe has been loss-making for the fourth quarter in a row

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.

PropMarketCapRegulation

US closes overseas chip rentals: Alibaba and Tencent lose 5%

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.

PropMarketCapMacroeconomics and central banks

UK GDP at 10:00 MSK: market expects acceleration to 0.7%, pound at October lows

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.

PropMarketCapCurrencies, commodities and indices

Gold price fell below $4,000 per ounce: a December Fed rate hike is already priced in

XAU/USD fell to $3,985 per ounce - the second decline in a row. The trigger is October US inflation: after the report, futures price a Fed rate hike at the December meeting as a done deal.

PropMarketCapCurrencies, commodities and indices

Nvidia's board of directors is looking for a replacement for Jensen Huang: shares down 9.6% in after-hours trading

The board is preparing to fire the founder and the only CEO in the company's history and is already selecting a candidate. The stock, which closed Wednesday in positive territory, plunged to $157 in the evening session.

PropMarketCapProp industry

Take Profit Trader halved the entry price for the prop firm and cut the evaluation minimum to 3 days

The monthly subscription for the evaluation on a $100,000 account costs $330 at list price, and $165 with the active coupon from the partner catalog. The $130 activation fee has been abolished, and the minimum evaluation period has been cut from five trading days to three.

PropMarketCapCurrencies, commodities and indices

DAX fully tokenized: all 40 index stocks trade around the clock

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.

PropMarketCapExchanges and infrastructure

Jack Dorsey's Square officially authorized accepting BTC payments in the US

The payment service Square, through whose terminals and cash registers ordinary stores and cafes accept money, has opened Bitcoin payment acceptance to American retail outlets. The announcement appeared on November 11 at around 19:00 Moscow time.

PropMarketCapCurrencies, commodities and indices

Micron +6% in premarket: the stock landed in Anthropic's $26 billion deal

Micron (MU, a major American manufacturer of memory for AI servers) shares were up about 6% before the US market opened on Wednesday, after closing Tuesday at $725.11. Two reasons converged: Anthropic named Micron among seven buyers of its $26 billion stock offering, and cloud company CoreWeave raised its revenue forecast.

PropMarketCapProp industry

The profit limit from news trading at the prop company Goat Funded Trader has increased from 1% to 3%

The prop company has rewritten three rules in its evaluation programs: the earnings limit around the release of macroeconomic statistics has tripled, the minimum trade holding time has been halved, and the ban on copying trades has been lifted entirely. The changes were announced on November 11.

PropMarketCapCurrencies, commodities and indices

Reuters: Nvidia H200 chips found at a Chinese defense university

Reuters reported on November 11 that a Chinese defense-oriented university purchased Nvidia H200 accelerators in circumvention of US export restrictions. This is the first case in which an organization linked to the military has been publicly named as a buyer of such chips.