Crypto News Today: Waller’s Rate-Hike Warning, MARA’s $1.1B Bitcoin Sale and USDC’s EU Deadline

Crypto news today is being shaped by three different pressures on digital money: a Federal Reserve official keeping a half-point rate increase on the table, a major miner selling Bitcoin to repay loans, and Europe preparing to take a bigger supervisory role over USDC.

For November 11 in New Zealand, the freshest developments come from Tuesday’s U.S. inflation release and Monday’s MARA disclosure, alongside a November 12 regulatory handover. Together, they show why crypto investors need to watch the cost of money, the decisions of large holders and the rules governing stablecoins.

U.S. consumer prices rose 0.4% in October after September’s 0.6% increase, according to the Bureau of Labor Statistics release. Core CPI, excluding food and energy, increased 0.3% for a third consecutive month. Headline inflation slowed on a monthly basis, but the underlying measure did not.

That matters because Fed Governor Christopher Waller had drawn attention to precisely that kind of reading in a speech delivered before the figures were released. If October core CPI remained around 0.3% or higher, he said, a stronger policy response might be needed.

“I believe a 50 basis point hike in the policy rate should be considered at the December meeting,” Waller said.

The data therefore met the condition he had described. That is an important connection, but it is not a Fed decision or a post-release endorsement from Waller. His speech expressed his own views, and the committee still has to decide policy.

The distinction for Bitcoin is between inflation improving and improving enough to ease monetary pressure. Higher rates can make cash and interest-bearing assets more attractive, increasing the competition facing assets that produce no contractual yield.

There is also a data trap: BLS could not publish October annual changes for most CPI series because survey data was not collected in October 2025 during a funding lapse. Estimates circulating elsewhere should not be presented as an official headline annual rate.

BNC’s coverage of the inflation release and crypto-market response examines the immediate trading picture. The policy question is what persistent monthly price increases mean for December.

The second development comes from a company that creates Bitcoin rather than merely trades it. MARA disclosed that it sold 13,597 BTC after September 30 at an average of approximately $81,039, raising around $1.1 billion.

Its third-quarter shareholder letter, filed November 9, says $750 million was used to repay Bitcoin-collateralised term loans, releasing 17,477 pledged coins. MARA had reported 34,012 BTC at quarter-end; the subsequent sales equalled roughly 40% of that amount, a scale comparison rather than a calculation of its current holdings.

“We expect to continue to monetize bitcoin to enhance our financial flexibility,” the company wrote. It said proceeds could provide liquidity or finance capital projects and other initiatives, subject to conditions and allocation priorities.

The disclosure challenges the assumption that a corporate Bitcoin balance is a permanent withdrawal of coins from the market. For an operating company, those coins can also be a financing resource.

Repaying collateralised borrowing can reduce financial exposure even as selling reduces Bitcoin holdings. Those are separate effects. A large sale is therefore not automatically evidence that management expects the asset to fall; investors need to examine the use of proceeds.

Nor should the newly disclosed total be mistaken for a single trade executed today. The sales took place after quarter-end. The fresh information is their disclosure and the explanation of how management is using the balance sheet.

While Bitcoin investors assess rates and corporate selling, stablecoin users face a different milestone. USDC issued by Circle Internet Financial Europe SAS is due to enter dual supervision on November 12 under the EU’s Markets in Crypto-Assets framework, or MiCA.

The European Banking Authority announced the classification on October 14, making USDC the first significant e-money token under the framework. The approaching implementation date gives that earlier decision its immediate relevance.

The EBA will assume direct responsibilities for own funds, reserves, liquidity requirements, and recovery and redemption plans. France’s ACPR will retain oversight of areas including governance, outsourcing and conflicts of interest. This is shared supervision, rather than the French regulator disappearing from the picture.

For users and businesses, the practical issue is who oversees the resources and processes supporting redemption. The announcement does not establish a new return for holders or promise a trading gain. It makes oversight of a widely used payment and settlement instrument more concrete.

These stories point to three separate tests. Will further Fed communications reinforce Waller’s tightening argument? Will subsequent corporate disclosures show continued Bitcoin sales and explain their purpose? And does USDC’s supervisory handover proceed on the announced timetable?

A rebound in token prices would not settle those questions. The useful signals are changes in policy expectations, actual capital allocation and the operation of redemption safeguards. Those developments will help distinguish a short-lived market bounce from an improvement in the conditions supporting crypto demand.