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Nasdaq Rises 1.6% as CoreWeave Results Drive 5.7% Jump in Semiconductor Index

U.S. stocks rose across the board on Nov. 11, easing concerns over a slowdown in artificial intelligence spending. The Nasdaq led the advance as semiconductor and data-center shares rebounded after CoreWeave posted strong results and raised its full-

Micron Jumps 12.78% on Dip Buying; Goldman Favors Samsung, SK Hynix

Micron Technology shares jumped more than 12% in intraday trading as investors bought the recent selloff. Goldman Sachs said Micron's investment appeal has improved, but it still prefers Samsung Electronics Co. and SK Hynix Inc. in the memory sector.

CoreWeave CEO Halts Further Stock Sales; Shares Jump 22.76% Intraday

AI infrastructure company CoreWeave's shares jumped more than 20% intraday after Chief Executive Officer Michael Intrator said he was canceling a planned stock sale and would refrain from further sales unless there is a material change at the company

US Curbs on New Data Centers May Give Bitcoin Miners With Power Access an Edge in AI

As efforts spread across the US to restrict new data center construction, Bitcoin miners that already have power-grid access and sites could gain an advantage in the AI infrastructure market, an analysis showed. Still, converting mining facilities fo

Nomura Weighs Sale of Zurich-Based Crypto Unit Laser Digital

Nomura Holdings Inc. is considering a sale of Laser Digital, its Zurich-based cryptocurrency subsidiary, Bloomberg reported on Nov. 11. Bloomberg said Nomura is reviewing a potential sale of Laser Digital. Laser Digital posted a loss last year, which

Peter Schiff Says Trump Made $1.4 Billion From Meme Coin Sales as Investors Lost Similar Amount

Peter Schiff claimed that US President Donald Trump made $1.4 billion from meme coin sales, while investors suffered losses of a similar magnitude. Cointelegraph, a cryptocurrency-focused media outlet, reported on Nov. 11 that Schiff made the claim w

a16z Says AI Agents Account for Most Web Traffic, Write More Than Half of Online Articles

Artificial intelligence agents now account for more than half of all web traffic and generate a substantial share of both online articles and code used in live services, according to an analysis. Andreessen Horowitz, known as a16z, said on Nov. 11 th

Bitwise CIO Matt Hougan Says Democratic Landslide Could Spur Volatility, Make Pullbacks a Buying Opportunity

Matt Hougan, chief investment officer at Bitwise, said market volatility could increase after a sweeping U.S. Democratic election victory, but any price correction would likely present a buying opportunity. Cointelegraph reported on November 11 that

Texas Bill Would Let Cities, Counties Invest Up to $10 Million Each in Bitcoin

A bill has been introduced in Texas that would allow local governments, including cities and counties, to invest up to $10 million each in Bitcoin. The Texas House of Representatives said on Nov. 11 that state Representative Ron Reynolds introduced H

Stablecoin Supply Falls $14.2 Billion in 30 Days, Biggest Drop Since 2022 Crypto Bear Market

The supply of stablecoins fell by $14.2 billion over the past 30 days, the steepest decline since the 2022 cryptocurrency bear market. Cointelegraph reported on Nov. 11 that tracked stablecoin supply shrank by $14.2 billion over the past 30 days. The

Israel's Discount Bank to Offer Bitcoin, Ether Trading on App From Nov. 26

Israel's Discount Bank will offer Bitcoin and Ether trading through its mobile application starting Nov. 26. Cointelegraph reported on Nov. 11 that the bank plans to launch Bitcoin and Ether trading on its mobile app on Nov. 26. Once the service is l

Bitcoin Drops Below Short-Term Holders’ Cost Basis; Glassnode Flags $73,000 Support

Bitcoin has fallen below the $75,600 average cost basis for short-term holders, leaving about 65% of investors who bought recently sitting on unrealized losses. According to on-chain analytics firm Glassnode, Bitcoin is trading below the average entr

Binance Co-Founder Yi He Denounces Sexual Rumors Targeting Women in Crypto, Offers Legal Support to Staff

Yi He, a co-founder of Binance, condemned the spread of sexual rumors targeting women in the cryptocurrency industry and said the company would provide legal support to employees harmed by the allegations. Cointelegraph reported on November 11 that Y

Iran Says It Doesn’t Want War to Continue; Strait of Hormuz Won’t Return to Prewar Status

Mohammad Bagher Ghalibaf, speaker of Iran’s parliament, said Iran does not want the war to continue and that peace is its top priority. He added that Tehran’s demands must be met. Walter Bloomberg reported on November 11 that Ghalibaf said in an inte

Strategy Holds 850,364 Bitcoin, Surpassing Any Single ETF or Government

Strategy holds 850,364 Bitcoin, more than any single exchange-traded fund or government, according to a report. Cointelegraph reported on November 11 that Strategy's Bitcoin holdings totaled 850,364 BTC, or about 4.2% of the cryptocurrency's circulat

Pyth Network Adds Real-Time NYSE Stock and ETF Data to Marketplace

Pyth Network has added real-time stock and exchange-traded fund data from the New York Stock Exchange to its marketplace. Cointelegraph reported on Nov. 11 that the addition gives application developers access to real-time market data from both the N

Bill Gates Says Next Four Years Are Critical for AI Safety, Calls for Urgent Regulation

Bill Gates, Microsoft's co-founder, warned that the next four years will be a critical window for ensuring artificial intelligence safety, citing rising risks including cyberattacks, bioterrorism and threats to critical infrastructure. Cointelegraph

CoinGlass Says Bitcoin’s Next Key Support Is Near $68,000 as Large Buy Wall Forms

Bitcoin’s next major support level may be forming near $68,000, according to an analysis that showed a large concentration of buy orders at that level in Binance’s perpetual futures market. CoinGlass, a digital-asset market data provider, wrote in a

Investor James Lavish Says Bitcoin Could Reach as Much as $500,000 by Mid-2029

Investor James Lavish said Bitcoin could climb to as much as $500,000 by mid-2029. He set a more conservative target range of $200,000 to $300,000. Cointelegraph reported on Nov. 11 that Lavish sees Bitcoin rising to $400,000 to $500,000 by mid-2029.