Nov 5: Paraguay Banking Crisis Sparks Stablecoin Rush

Bitcoin briefly reclaims $80,000 following the U.S. elections as cryptocurrency markets rally and spot Bitcoin ETFs return to positive inflows. In today's Daily Crypto News, Matt Diemer covers Paraguay's growing banking crisis, where millions of customers are reportedly struggling to access their money, raising questions about financial stability and the growing demand for dollar-backed stablecoins. Plus, Trump Media transfers $342 million in Bitcoin, Zcash faces a controversial network upgrade that could leave $16 million in assets inaccessible, and new AI cybersecurity research highlights emerging threats to cryptocurrency infrastructure. We also cover Binance and SignalPlus security concerns, an XRP Ledger vulnerability fix, Riot Platforms' proposed $28 billion AI infrastructure agreement, Hong Kong's new crypto tax-reporting requirements, and the growing legal battle over Kalshi's prediction markets. Finally, we look at the latest Bitcoin, Ethereum, and altcoin prices, ETF flows, and what to watch as Bitcoin attempts to hold the $80,000 level. Happy Hodling! Hosted on Acast. See acast.com/privacy for more information.