Track live updates for Bitcoin and top altcoins to learn what is driving the recent downturn on the crypto market.
US prosecutors are seeking maximum five-year prison sentences for Samourai Wallet developers Keonne Rodriguez and William Lonergan Hill after their guilty pleas to operating an unlicensed money transmitter, alleging their privacy features facilitated over $237 million in illicit transactions.
The Government’s sentencing memorandum on Keonne and William is absolute and pure insanity.
— L0la L33tz is more fun on Nostr (@L0laL33tz) November 3, 2025
First of all, throughout the entire sentencing memorandum, there seems to be close to no mention of the developers conspiring to operate an unlicensed money transmitter, which is what the… https://t.co/HD0g7ogSaK pic.twitter.com/A1c8Tw3vvh
The developers argue they followed legal guidance and never held user funds, with their case echoing the Tornado Cash prosecution and raising broader concerns about government crackdowns on non-custodial privacy software amid growing debates over crypto privacy tools.
Read more details here.
Argentine fintech Lemon reports that Bitcoin now accounts for 34.54% of user holdings among its 5 million registered users, surpassing both stablecoins and pesos as cryptocurrency purchases grew 126% in 2024 compared to just 44.4% for stablecoins.
Proof of reserves snapshot on November 3, 2025 | Source: Lemon
Over 800,000 Lemon users now hold Bitcoin, with many accumulating the asset through a cashback rewards program that has distributed over $29 million in BTC since 2021 for everyday purchases made with the platform’s QR system or VISA card.
Read more details here.
Crypto.com has partnered with Hollywood.com to launch a predictions market platform allowing users to trade on entertainment outcomes including movies, TV shows, Broadway, and major award ceremonies.
And action! https://t.co/vCNztATkNg is set to power a new entertainment prediction market offering from @hollywood_com.
— Crypto.com (@cryptocom) November 3, 2025
Read more here: https://t.co/tUhs0HU6td pic.twitter.com/ToHQCRe3VH
The launch leverages Crypto.com’s unique position as the first major crypto platform to hold FCM, DCM, and DCO licenses in the US, following similar entertainment prediction ventures by MoviePass’s Mogul and Kalshi’s recent $300M funding round.
Read more details here.
Ripple has activated digital asset spot prime brokerage services for US institutional clients following its $1.25 billion acquisition of Hidden Road, now rebranded as Ripple Prime.
The platform enables institutional clients to cross-margin OTC spot transactions with their broader digital asset portfolios, supporting dozens of assets including XRP and RLUSD stablecoin alongside derivatives and CME futures trading.
Read more details here.
Blockchain analytics firm PerkShield has reported a potential exploit on Balancer, a leading DeFi platform.
The incident resulted in approximately $117 million in assets being withdrawn from Balancer’s vaults. Other crypto analytics companies, including Lookonchain, have cited similar figures, corroborating PerkShield’s assessment of the drained funds.
Read more about this incident here.