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Paraguay’s state power company ANDE plans to terminate special electricity supply contracts for cryptocurrency miners and other large power users on Dec. 31, 2027, and will not allow extensions under current rules, Crypto Briefing reported. The outlet said the combined contracted power load for cryptocurrency miners and other large-scale electricity consumers currently stands at 943.8 MW. By contrast, AI data centers are being offered 15-year contracts with electricity rates of about $49 per MWh. Crypto Briefing said the move is expected to have a significant impact on operations at HIVE Digital Technologies, which has placed about 77% to 80% of its total active mining capacity in Paraguay.

As the crypto market matures, investing in individual assets and sectors beyond BTC is becoming more important, according to a Grayscale report. Grayscale said differences in returns across crypto sectors over the past three years were difficult to explain through BTC price moves alone, with Bitcoin’s influence accounting for only about half. Over the past two years, six different assets ranked first in quarterly returns among the top 10 cryptocurrencies by market capitalization excluding stablecoins, while BTC did not take the top spot in any quarter. Grayscale added that weakening correlations across sectors are widening return gaps based on each project’s business model, adoption level, and tokenomics structure.

Bitcoin infrastructure developer Blockstream has launched a cryptocurrency custody solution for institutional clients with French technology company Thales, Cointelegraph reported. The solution combines Thales’ hardware security modules, or HSMs, with Blockstream’s Secure-MPC technology and is designed to process transaction signing inside dedicated secure hardware. Blockstream co-founder Adam Back said conventional MPC technology has a complex structure and requires extensive communication between devices, making it difficult to apply to fully offline storage. Back added that strengthening security through cold storage is important, particularly as artificial intelligence can be misused to identify subtle software vulnerabilities.

Peter Schiff, CEO of Euro Pacific Capital and a prominent Bitcoin critic, said on X that BTC’s price decline reflects a collapsing bubble and that investors should buy gold instead of BTC. Schiff added that BTC has fallen 22% over the past seven weeks and shows no sign of ending its downtrend. The market is slipping gradually without a clear fear-driven sell-off or large-scale capitulation, he said. Schiff also estimated the average entry price for investors in U.S. spot BTC ETFs at around $77,000, implying an 11% loss at the current price of $68,500. If investors begin accepting losses and exiting the market, that could create additional selling pressure, he added.

According to CoinNess market monitoring, BTC has fallen below $68,000. BTC is trading at $67,988 on the Binance USDT market.

The three major U.S. stock indices closed mixed today. - S&P 500: -0.40% - Nasdaq: -0.91% - Dow Jones: +0.10%

Miller Value Partners CIO and hedge fund veteran Bill Miller said he remains bullish on Bitcoin even after it rose from $63,000 to $87,000 over several months and later fell to $68,000. In an interview with Bitcoin Magazine, Miller said such volatility is the price investors must pay to hold high-quality assets. He added that Bitcoin is scarcer than gold because its supply increases by about 0.8% a year, and said persistent money printing is the only solution in the current macroeconomic environment.

Layer-one blockchain Solana said it has launched a beta version of Solana Confidential Compute, an open-source tool for private AI development, on its developer network, or devnet. The tool verifies hardware attestations on-chain and was developed with TryNitoAI.

Meta is testing a prediction market app in development, currently called Takes, for employees, The Wall Street Journal reported, citing industry sources. The app lets employees bet on the outcomes of questions or events using cred, short for credibility, rather than real money, unlike Kalshi and Polymarket.

The U.S. Department of Justice has filed a civil forfeiture complaint to recover about $65,000 in USDC tied to a cryptocurrency investment scam, The Block reported. The case involves a scammer posing as a financial adviser who persuaded a victim to move retirement funds to Coinbase, then used remote access to the victim’s laptop to transfer the money to the scammer’s crypto wallet in about 60 transactions. The victim is believed to have lost about $200,000. Circle froze the traced USDC, and the U.S. government is pursuing procedures to return the assets.

Polymarket has begun sandbox testing of Nex, a new trading system rewritten in Rust. Josh Stevens, vice president of engineering for Polymarket’s DeFi business, said Nex spent the past week in shadow mode replicating live orders to test latency, load stability and execution accuracy. The development team plans to conduct four more weeks of testing and, if no issues emerge, formally launch the system in mid-December.

Maple Finance’s SYRUP, a decentralized lending protocol, said it asked The Network Firm to conduct an unscheduled proof-of-reserves review and that all three products remained overcollateralized as of 5:11 p.m. UTC on Nov. 13. Collateral ratios stood at 156.2% for syrupUSDC, 137.7% for syrupUSDT, and 150.8% for syrupUSDG, while total verified collateral amounted to $1.89 billion, according to the protocol. It added withdrawal requests were being processed as designed under each pool’s standard withdrawal procedures.

Pump.fun said it has changed the fee-setting range for Holder Rewards tokens to 0.3%-1%. Previously, holder rewards fees for trading pairs other than SOL and USDC could be set within a 0.01%-3% range. Pump.fun said the previous structure had triggered unnecessary participant competition, or PVP, in new tokens.

The U.S. Senate Banking Committee is scheduled to hold a confirmation hearing on Nov. 19 for two nominees to the U.S. SEC, The Block reported. The nominees under review are Democrat Kristin Johnson and Republican Steven Levine. The hearing comes after U.S. President Donald Trump nominated four people in total, with two each for the SEC and the U.S. CFTC. After the hearing, the nominations will go to a full Senate vote, and both nominees must be confirmed by the chamber before they can be appointed as SEC commissioners.

Compound managing partner Michael Dempsey said the crypto venture capital market has effectively been stagnant over the past two years, according to Wu Blockchain. In an interview, Dempsey said founders in the tech sector flocked to the crypto industry in 2021, but most talent is now moving into artificial intelligence, or AI. He added the crypto industry needs more talent and improved token incentive structures, while noting tokenization could weaken long-term investment incentives. Dempsey also said not many founders in venture capital are pursuing new business ideas beyond perpetual futures DEXs.

Former U.S. House Financial Services Committee Chairman Patrick McHenry warned Democrats could launch sweeping investigations targeting corporate CEOs and institutions beyond the crypto industry if the party regains power in Congress, according to Crypto in America podcast host Eleanor Terrett.

U.S. real estate investor Grant Cardone has bought an additional 850 BTC worth about $58 million, former Bitcoin Magazine editor Pete Rizzo said on X. Rizzo added, "그랜트 카돈이 가격이 하락할 때마다 계속해 비트코인을 매수하고 있다".

Decentralized exchange Cow Protocol said it has cut volume-based fees on correlated token pairs, real-world assets and stock tokens to 0 bp from 0.3 bp following the passage of CIP-90. The latest information on CoW DAO’s overall fee policy is available in its official documentation.

Privacy-focused Ethereum layer-2 network Aztec said users can move assets from Base, Arbitrum and HyperEVM to zk_money through AcrossProtocol. Users can withdraw to any EVM chain they choose, while privacy is maintained for all activity within the service, Aztec said.

Sperax, a DeFi stablecoin protocol, said it has joined Microsoft’s AI Cloud Partner Program and launched SperaxOS, an AI agent workspace for crypto and DeFi, on the Microsoft Marketplace. The company said enterprises can access SperaxOS through the marketplace where they already buy Microsoft software, adding that the platform lets users manage funds with AI agents equipped with safeguards for all on-chain tasks.

Coinbase CEO Brian Armstrong said on X that building accounts for AI agent-based finance, or AiFi, is one of the exchange’s top priorities. He added, "Every public company CEO should want tokenization of their own stock. Tokenized equities are more accessible and more useful than traditional equities, especially when combined with DeFi. Imagine earning yield on your stock," and said he is very bullish on AIFI.

Bitcoin’s four-year cycle pattern is changing as market volatility declines and institutional adoption expands, according to Hashdex CIO Samir Kerbage. Kerbage told Crypto Briefing that while Bitcoin’s current cycle is following familiar historical patterns, its price swings have narrowed significantly versus prior cycles. BTC is down 35% from its peak and up 37% from its June low, Kerbage said, suggesting June may have marked a bottom earlier and at a shallower level than in previous cycles, or that Bitcoin may still have room for a final leg higher.

U.S. CFTC Chairman Michael Selig criticized moves by some state governments to pursue criminal penalties against operators of prediction market platforms overseen by the federal government, The Block reported. Speaking at the Cantor conference, Selig said some state authorities were effectively seeking to jail prediction market platform founders and CEOs, and stressed that whether prediction market contracts qualify as gambling or derivatives should be judged on substantive grounds. He added that debate over the legal nature of such contracts should not create a risk of prison sentences.

U.S. House Committee on Oversight and Government Reform Chairman James Comer has called for new rules restricting public officials’ use of prediction markets as part of a probe into insider trading risks. The Block reported the measures could include a full ban on trading on such platforms. Comer stressed Congress should consider additional reforms to prevent public corruption and restore Americans’ trust in government. Comer recently launched the investigation by asking Polymarket and Kalshi to submit materials related to user identity verification, enforcement of geographic restrictions, and unusual trading detection.

Coinbase announced it will conduct server maintenance at 1:00 p.m. UTC on Nov. 14. The work is expected to take up to four hours, and some services may experience reduced performance during that period.