ANALYSIS: On-chain data shows that 89% of Polymarket users face losses, despite some players earning large profits.
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RECENTLY: Poland’s KNF added Foris DAX MT, CryptoCom’s operator, to its warning list for offering unauthorized financial services.
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JUST IN: Dan Gallagher, Robinhood's legal chief, is reportedly a top candidate for SEC chair under Trump, with potential shifts from Gary Gensler's regulatory stance anticipated.
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RECENTLY: A dormant Ethereum whale holding $1.14 billion in ETH began selling after 8 years, moving 13,400 ETH worth $37.38 million to exchanges amid a 6.8% price surge, Lookonchain reports.
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RECENTLY: Jack Dorsey’s Block announced it will prioritize bitcoin mining and its Bitkey wallet, while winding down its decentralized tech unit TBD.
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OPINION: Bitget CEO Gracy Chen says Telegram is set to become an all-in-one app like WeChat, boosted by crypto features and growing adoption in emerging markets.
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JUST IN: WonderFi CEO Dean Skurka was kidnapped in Toronto and released after paying a $1 million ransom, with no impact on client funds or data, according to a report from CBC.
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JUST IN: Decentralized AI startup Pond raised $7.5M from Archetype to expand its platform with DeFi risk management and insider trading detection.
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JUST IN: Galaxy Digital is shifting from Bitcoin mining to AI computing by converting its 800 MW power capacity to high-performance computing.
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RECENTLY: Senator Cynthia Lummis announced plans to create a U.S. "Strategic Bitcoin Reserve" following Trump's election win, with a goal to stockpile up to 1 million BTC.
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RECENTLY: The SEC has requested the court to dismiss three of Kraken's defenses in its ongoing lawsuit, citing repetitive arguments and lack of legal basis.
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RECENTLY: Elon Musk's net worth surged by over $20 billion to $285.6 billion following Donald Trump's presidential election victory, with Tesla's stock rising nearly 15% to $286.74.
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ANALYSIS: BlackRock’s iShares Bitcoin Trust (IBIT) saw a record $4 billion in trading volume on U.S. Election Day, with total spot bitcoin ETF trading hitting $6 billion, according to Eric Balchunas.
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JUST IN: Binance announced new SOL/USDT daily and weekly options launching on November 12, 2024, expanding trading flexibility for Solana users.
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TODAY: The Fed is expected to announce a 25 basis point rate cut today, lowering rates to 4.5%-4.7%, with analysts predicting this will benefit assets like BTC by weakening the dollar and encouraging alternative investments.
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RECENTLY: Wintermute proposed a fee switch for Ethena to align revenue with sENA token holders, requiring approval from ENA and sENA holders.
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RECENTLY: CNBC reports that former Alameda Research CEO Caroline Ellison is set to begin a two-year prison sentence in Connecticut for her role in the FTX collapse.
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RECENTLY: Ripple’s 570 million XRP transfer, including 470 million to an unknown wallet, has sparked speculation of strategic market moves or institutional trading preparations.
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JUST IN: Coinbase announced cbBTC’s launch on Solana, bringing Bitcoin access to Solana’s DeFi ecosystem.
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JUST IN: Detroit will allow crypto payments for taxes and city fees starting mid-2025, managed by PayPal.
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JUST IN: According to OrbitLabs, a review of the "Reverse Charge" tax on Terra Classic, taxing the recipient instead of the sender, will be conducted.
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TODAY: The U.S. Fed cut rates by 25 bps to 4.5%-4.75%, driving Bitcoin to near record highs at $76,836.
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JUST IN: Magic Labs and Polygon launched Newton, a cross-chain network to simplify dApp use across blockchains.
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JUST IN: Gary Wang, former FTX CTO, requests no jail time, citing limited involvement and full cooperation with prosecutors.
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JUST IN: The Avalanche Foundation repurchased 1.97 million AVAX tokens from LFG to support ecosystem initiatives and prevent complications from potential liquidation.
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ANALYSIS: CoinShares highlights that Trump's Bitcoin Act proposal could boost bitcoin's legitimacy by making it a strategic reserve asset.
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ANALYSIS: Spot Ether ETFs saw $52.3 million in inflows on Nov. 6, marking a six-week high after a 10% ETH price surge.
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RECENTLY: WazirX, the crypto exchange recently hit by a major hack, has introduced a "Recovery Token" to settle its $230M debt with creditors.
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ANALYSIS: PoliFi tokens like MAGA and KAMA plunged after the U.S. election, with MAGA down nearly 49% and KAMA 75%.
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STUDY: Memecoins saw a 22% rise post-election, but 75% were created last year, with 97% failing to survive according to a Binance report.
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