11-19
Oracle Market Value Falls $315 Billion Since OpenAI Partnership Announcement
Oracle Corporation's market capitalization has declined by $315 billion since announcing a $300 billion cloud infrastructure partnership with OpenAI on September 10. The company plans to allocate $35 billion toward capital expenditures in the current fiscal year, with projections reaching $80 billion annually by 2029. Net debt has increased to 2.5 times EBITDA, more than doubling since 2021, with negative cash flow expected through five consecutive fiscal years.
11-19
11-19
OCC Authorizes U.S. Banks to Hold Cryptocurrency for Blockchain Transaction Fees
The Office of the Comptroller of the Currency issued Interpretive Letter 1186 on Tuesday, permitting national banks to hold cryptocurrency on their balance sheets to pay blockchain network transaction fees. The guidance addresses operational challenges banks previously faced when conducting blockchain transactions, which required maintaining separate accounts or engaging third-party providers to cover network fees.
11-19
11-19
BlackRock Moves $642M in BTC and ETH to Coinbase Prime; XRP Products See $15.5M Outflow
BlackRock transferred 4,880 BTC and 54,730 ETH valued at $642 million to Coinbase Prime on November 17, according to on-chain data. XRP-linked investment products recorded a $15.5 million outflow during the first full week following the spot ETF launch on November 13. The outflow occurred alongside broader market withdrawals totaling $2 billion, with Bitcoin products losing $1.38 billion and Ethereum products shedding $689 million.
11-19
11-19
Senators Call for Federal Probe of Trump-Linked Crypto Firm Over Alleged Sanctions Violations
U.S. Senators Elizabeth Warren and Jack Reed have requested federal agencies investigate World Liberty Financial for allegedly selling $WLFI tokens to blockchain addresses linked to North Korean and Russian entities. The lawmakers cited a report from Accountable.US claiming the Trump family-connected firm conducted transactions with sanctioned parties, raising national security and sanctions enforcement concerns.
11-19
11-18
South Korea's Crypto Tax Regime Faces Implementation Uncertainty Ahead of 2027 Deadline
South Korea's virtual asset tax framework remains unprepared for its January 2027 launch, with officials acknowledging incomplete infrastructure and regulatory gaps. The tax law, approved in 2020, has been delayed three times from its original 2022 start date. No public-private working group has been established, and critical guidance on airdrops, staking, and mining taxation remains unissued.
11-18