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Evening wrap · November 5, 2026

Bitcoin Slides Toward $76K; Samsung Wallet Activates Solana USDC

A tech-led rout triggers $428 million in liquidations, while Samsung integrates USDC on Solana across 82 million US devices.

  1. 1

    Bitcoin Slides Toward $76,000 as Tech Slump Triggers $428M in Liquidations

    $BTC fell to approximately $76,500 amid a broader technology selloff, liquidating $428 million in crypto longs within an hour. Democratic control of Congress and local data center curbs threaten AI capacity buildouts, erasing Wednesday's post-election rally.

  2. 2

    Samsung Wallet Activates Solana USDC Accounts Across 82M US Devices

    Eligible US Galaxy users can hold and transfer $USDC on $SOL without managing private keys. The integration utilizes Bastion and Coinbase Prime Vault infrastructure, bypassing platform transfer fees, though New York residents are excluded.

  3. 3

    Former Ethereum Foundation Lead Sues Vitalik Buterin Over Termination

    Former Protocol Support lead Kayleen Fulton sued Stiftung Ethereum and Vitalik Buterin, alleging wrongful termination. According to the lawsuit, Fulton was dismissed after disclosing an illness and organizing staff opposition to a coercive internal mandate.

  4. 4

    CFTC Faces Deadline in Lawsuit Over Kalshi and Coinbase Stock Perpetuals

    A federal judge ordered the CFTC to defend its statutory authority over equity perpetual futures by Nov. 6. A trade group sued the agency, alleging it encroached on SEC jurisdiction after Kalshi and Bitnomial launched single-stock perpetuals.

  5. 5

    Amundi Tokenizes STOXX Europe 600 Equity Fund on Ethereum

    Europe's largest asset manager launched a tokenized share class of its STOXX Europe 600 equity fund on $ETH alongside infrastructure provider CACEIS. The rollout expands Amundi's on-chain offerings following its debut money market fund in November 2025.

Numbers

Bitcoin fell 5.2% over 24 hours to $75,983, dragging the total crypto market capitalization down 4.4% to $2.56 trillion, while Solana dropped 5.3% to $89.79.

Watch

The CFTC's opposition filing on Nov. 6 regarding retail equity perpetual futures jurisdiction. · The October jobs report on Friday and the Federal Reserve's December interest rate decision. · Samsung's deployment timeline for in-store point-of-sale stablecoin checkout features.

Full text

This is the Basis Desk Evening Wrap for Nov. 5, 2026.

  1. Bitcoin Slides Toward $76,000 as Tech Slump Triggers $428M in Liquidations $BTC fell to approximately $76,500 amid a broader technology selloff, liquidating $428 million in crypto longs within an hour. Democratic control of Congress and local data center curbs threaten AI capacity buildouts, erasing Wednesday's post-election rally.

  2. Samsung Wallet Activates Solana USDC Accounts Across 82M US Devices Eligible US Galaxy users can hold and transfer $USDC on $SOL without managing private keys. The integration utilizes Bastion and Coinbase Prime Vault infrastructure, bypassing platform transfer fees, though New York residents are excluded.

  3. Former Ethereum Foundation Lead Sues Vitalik Buterin Over Termination Former Protocol Support lead Kayleen Fulton sued Stiftung Ethereum and Vitalik Buterin, alleging wrongful termination. According to the lawsuit, Fulton was dismissed after disclosing an illness and organizing staff opposition to a coercive internal mandate.

  4. CFTC Faces Deadline in Lawsuit Over Kalshi and Coinbase Stock Perpetuals A federal judge ordered the CFTC to defend its statutory authority over equity perpetual futures by Nov. 6. A trade group sued the agency, alleging it encroached on SEC jurisdiction after Kalshi and Bitnomial launched single-stock perpetuals.

  5. Amundi Tokenizes STOXX Europe 600 Equity Fund on Ethereum Europe's largest asset manager launched a tokenized share class of its STOXX Europe 600 equity fund on $ETH alongside infrastructure provider CACEIS. The rollout expands Amundi's on-chain offerings following its debut money market fund in November 2025.

Numbers Bitcoin fell 5.2% over 24 hours to $75,983, dragging the total crypto market capitalization down 4.4% to $2.56 trillion, while Solana dropped 5.3% to $89.79.

Watch

  • The CFTC's opposition filing on Nov. 6 regarding retail equity perpetual futures jurisdiction.
  • The October jobs report on Friday and the Federal Reserve's December interest rate decision.
  • Samsung's deployment timeline for in-store point-of-sale stablecoin checkout features.

Basis Desk Newsroom · AI-generated, source-verified. Built only from stories already verified and published on Basis Desk; market figures as of publication. Not financial advice.