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Malaysia is reeling from a colossal RM4.6 billion ($1.1 billion) hit to its national power grid, as illicit cryptocurrency mining syndicates siphon electricity on an industrial scale, according to a bombshell parliamentary disclosure from the Ministry of Energy and Water Transformation. From 2020 to August 2024, authorities uncovered 13,827 premises hijacking power for Bitcoin and altcoin rigs, bypassing meters and …

BlackRock’s flagship iShares Bitcoin Trust (IBIT) grappled with its largest single-day outflow ever on Tuesday, as investors yanked $523 million—equivalent to about 5,700 BTC—amid a brutal crypto market rout that saw Bitcoin crater below $90,000 for the first time since April. The exodus, tracked by SoSoValue, eclipsed the prior record of $463 million set on November 14, amplifying a monthly …

In a escalating clash over cryptocurrency’s national security risks, Democratic Senators Elizabeth Warren (D-MA) and Jack Reed (D-RI) have demanded a federal investigation into World Liberty Financial (WLFI), the Trump family-backed DeFi platform, for allegedly selling governance tokens to illicit actors tied to North Korea and Russia. The November 12 letter to Attorney General Pam Bondi and Treasury Secretary Scott …

Crypto exchange Kraken has secured a $200 million strategic investment from Citadel Securities, catapulting its valuation to $20 billion in a landmark deal signaling Wall Street’s accelerating embrace of digital assets. This infusion, part of an $800 million total raise across two recent tranches, positions the Wyoming-based platform for aggressive global expansion ahead of its anticipated 2026 IPO. The Citadel-led …

Asian stock markets kicked off the week with renewed caution, as major indices like Japan’s Nikkei 225 and South Korea’s Kospi extended sharp declines amid escalating U.S. Federal Reserve policy debates and faltering global demand. Yet, in a stark divergence, Bitcoin roared back above $92,000, reclaiming ground after a harrowing weekend plunge below the key $90K support and signaling crypto’s …