TON Rallies 8% as Telegram Ecosystem Expands With AI Launch, Tokenized Stocks
TON, the native token of Telegram's blockchain, jumped 8.33% to $1.60 in 24 hours, breaking the $1.60 resistance and outpacing the broader crypto market. The rally was sparked by the October ecosystem recap that unveiled the Confidential Compute Open Network (COCOON), a decentralized AI layer integrated into Telegram’s 900 million‑user app, and the addition of tokenized U.S. stocks and Lamborghini digital collectibles. Institutional backing grew as TON secured a listing on Bitstamp, received support from Coinbase Ventures and Gemini, and was adopted by Chainlink as a cross‑chain data standard, while its primary DEX, STON.fi, reported higher TVL and volume from new yield‑farming programs.
CME Crypto Futures Volume Hits Record 795K Contracts Amid Volatility
CME Group set a new daily record on Nov. 21, trading 794,903 cryptocurrency futures and options contracts, pushing its year‑to‑date average daily volume to 270,900 contracts—$12 billion in notional value—up 132% from 2024. Open interest rose 82% year‑over‑year to 299,700 contracts,...
BNB Rebounds Above $860 After Testing Key Support
BNB rallied 1.9% to $863 after testing a key support level near $833, reclaiming ground lost earlier in the month when it briefly fell below $800. The bounce pushed the token above several resistance zones, but the move was supported...
Celestia’s TIA Token Rises as ‘Matcha’ Upgrade Preps Network for Cross-Chain Future
Celestia launched its largest software upgrade to date, called Matcha, which expands the maximum block size from 8 MB to 128 MB and revamps data propagation to dramatically increase throughput. The upgrade also halves annual token inflation to roughly 2.5% and removes...
Stellar Climbs 3.5% to $0.25 as Technical Recovery Gains Momentum
Stellar (XLM) surged 3.5% on Tuesday, climbing from $0.2436 to $0.2508 and outpacing the broader crypto market. Trading volume jumped 23% above its weekly average, indicating genuine buying interest, while a late‑session sell‑off pushed the price to a new support...
HBAR Gains 2.4% From Major Support as Axelar Integration Drives DeFi Activity
HBAR rose 2.4% to $0.144 on Tuesday, buoyed by a 59% surge in trading volume after Hedera’s integration with Axelar, which links the network to more than 60 blockchains and expands DeFi access. The price gain was anchored by short‑term...
Rumble Gains 13% After Tether Boosts Stake by 1M Shares
Rumble Inc. (RUM) shares jumped 13% to $6.40 after Tether Investments bought about 1.06 million shares for roughly $5.7 million, raising its holding to more than 104 million shares. The price gain was reinforced by a broader rally in data‑center and high‑performance‑computing stocks....
XRP Slides to $2.08 as Grayscale’s GXRP ETF Debut Fails to Ignite Market
Grayscale launched the GXRP spot ETF on NYSE Arca, expanding regulated access to XRP, but the cryptocurrency slipped from $2.13 to $2.08 as traders focused on technical weakness rather than the product debut. Volume rose 28% above average, yet price...
BitMine Immersion Added Nearly 70K Ether Last Week, Now Holding 3% of ETH Supply
BitMine Immersion Technology (BMNR) bought 69,822 ether last week, raising its total holdings to 3.63 million ETH – roughly 3 % of the cryptocurrency’s circulating supply. The purchase, valued at about $195 million, pushed the firm’s cash balance to $800 million and its total...
Investors Should Buy the Dip in Coinbase and Circle, Says William Blair
William Blair analysts urged investors to buy the dip in Coinbase (COIN) and Circle (CRCL), reiterating an outperform rating for both stocks despite the recent crypto market sell‑off. The bank views the slump as a temporary "air pocket" and believes...
Bitcoin Miners Cipher and CleanSpark Upgraded by JPMorgan as HPC Shift Accelerates
JPMorgan upgraded U.S.-listed bitcoin miners Cipher Mining and CleanSpark to overweight, raising Cipher’s price target to $18 and CleanSpark’s to $10.18, as both firms secure long‑term high‑performance computing (HPC) cloud and colocation contracts that shift their business models toward hybrid...
Upbit Seeking Nasdaq IPO Following Merger With Naver: Bloomberg
South Korean crypto exchange Upbit plans to pursue a Nasdaq initial public offering once its merger with Naver Financial is finalized, Bloomberg reports. The merger, expected to close this week, will combine Upbit’s parent Dunamu with Naver’s financial arm via...
Microcap Biotech Firm Raises $212M for Prediction Market Token Treasury Strategy
Enlivex Therapeutics, a $22 million‑cap Israeli biotech listed on Nasdaq, announced a $212 million private placement to purchase RAIN, the token of an Arbitrum‑based prediction‑market protocol, which will become its primary treasury reserve asset. The funding, priced at $1 per share with...
Where Next?: Crypto Daybook Americas
Bitcoin slipped back to about $86,000 on Monday, ending a four‑week losing streak and pulling the CoinDesk 20 Index down to 2,758 points. Analysts note that while a short‑term rebound is possible, a further drop below $80,000 could trigger a...
Revolut Hits $75B Valuation in Fundraise Backed by Coatue, NVIDIA, Fidelity
Fintech giant Revolut announced a secondary share sale that lifted its valuation to $75 billion, with lead investors including Coatue, Greenoaks, Dragoneer, Fidelity and NVIDIA’s venture arm NVentures. The fundraising follows a 72% revenue jump to $4 billion and a 149% rise...
Bitcoin Longs on Bitfinex Jump 40% in Three Months as Traders Double Down on Dip
Margin‑long positions on Bitfinex have surged 42% over the past three months, reaching roughly 70,700 BTC despite Bitcoin’s 26% price decline to about $86,100. This level of leveraged buying has been hit three times since September 2024, each preceding a...
China Returns as Third Largest Bitcoin Mining Hub With a 14% Share: Reuters
China has re‑emerged as the world’s third‑largest bitcoin mining hub, accounting for roughly 14% of global hashpower by October, according to the Hashrate Index. The resurgence is fueled by cheap, surplus electricity and expanding data‑center capacity in provinces such as...
Animoca Brands Wins Initial Abu Dhabi Approval to Operate Regulated Fund
Animoca Brands has received in‑principle approval from the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA) to operate as a regulated fund manager within the ADGM jurisdiction. The clearance paves the way for the company to manage collective investment...
Thai Crypto Exchange Bitkub Weighs Hong Kong IPO: Report
Thai cryptocurrency exchange Bitkub, the country’s largest with a 24‑hour trading volume of $60.75 million, is exploring a $200 million initial public offering in Hong Kong, likely slated for next year. The move follows a shelved plan for a domestic IPO after Thailand’s...
DOGE Beats the Blue Chips as D.O.G.E Calls It Quits
Dogecoin jumped more than 3% on Monday, buoyed by anticipation of Grayscale’s new DOGE spot ETF (ticker GDOG) slated to debut on NYSE Arca. The rally outpaced the broader crypto market, with the CoinDesk 20 Index up only 0.6% and...
Sunrise Debut Streamlines Solana Token Imports as Monad Goes Live
Wormhole Labs launched Sunrise on Sunday as a unified gateway for moving any token onto the Solana blockchain, positioning it as the primary entry point for new digital assets. The platform integrates with block explorer Orb and DEX Jupiter, enabling...
Bitcoin Rebounds From 'Extreme Oversold' Levels; XRP Jumps 7%, ZEC Surges 14%
Bitcoin rebounded on Sunday, climbing about 2.7% to roughly $86,466 after hitting an extreme oversold reading on the RSI, a signal that historically precedes short‑term recoveries. The rally was supported by more than $206 million in weekend derivatives liquidations, indicating seller...
On-Chain Stocks Could Misprice Over Weekends, Triggering Arbitrage Risks: RedStone
RedStone co‑founder Marcin Kaźmierczak warns that tokenized stocks on blockchain could become mispriced over weekends because crypto markets trade 24/7 while traditional equity markets are closed. Oracle providers often freeze price feeds after Friday market close, leaving on‑chain versions of...
VanEck CEO Concerned About Bitcoin's Encryption and Privacy, Says Firm Could Walk Away
VanEck CEO Jan van Eck told CNBC that Bitcoin may lack sufficient encryption and privacy, raising concerns about its resilience to quantum computing and transaction confidentiality. He noted that some long‑term Bitcoin holders are evaluating Zcash for its stronger privacy...
Chainlink Is ‘Essential Infrastructure’ for Tokenized Finance, Says Grayscale Research
Grayscale Research has labeled Chainlink as essential infrastructure for the expanding tokenized assets market, which it values at $35 billion and expects to grow. The report highlights Chainlink’s suite of services—including real‑world data feeds, compliance tools, and its Cross‑Chain Interoperability Protocol...
Coinbase to Add 24/7 Trading for SHIB, Bitcoin Cash, Dogecoin, and Others
Coinbase Markets will launch 24/7 futures trading for a suite of altcoins—including SHIB, Bitcoin Cash, Dogecoin, AVAX, ADA, LINK, HBAR, LTC, DOT, XLM and SUI—on Dec. 5, expanding its regulated derivatives offering beyond Bitcoin, Ethereum, Solana and XRP. The platform will...
Is Strategy Stock the Preferred Hedge Against Crypto Losses? Tom Lee Thinks So
Strategy (MSTR) stock has plunged 43% over the past month as institutional crypto investors increasingly use it to hedge Bitcoin and Ethereum exposure, according to Bitmine Immersion CEO Tom Lee. Lee argues that MSTR, which holds roughly 650,000 BTC, serves...
UK Crime Network, Worth Billions, Used Crypto to Funnel Drug Cash to Russia, NCA Says
The UK National Crime Agency’s Operation Destabilise has dismantled a billion‑pound money‑laundering network spanning 28 towns that converted drug, firearms and other criminal proceeds into cryptocurrency, with some of the funds funneled to support Russian sanctions evasion and its war effort....
Aerodrome Finance Hit by 'Front-End' Attack, Users Urged to Avoid Main Domain
Aerodrome Finance, a decentralized exchange on Coinbase’s Base network with $400 million TVL, suffered a front‑end attack that hijacked its DNS and redirected users to phishing sites. The breach did not affect the underlying smart contracts, but the team warned users...
Turning ‘$11K to Half a Billion Dollars From Trading Memecoins’: Tales From a Crypto Wealth Manager
Digital Ascension Group (DAG), a crypto‑focused multi‑family office founded by Jake Claver, now manages roughly $1 billion in digital assets for high‑net‑worth families, making it the world’s largest crypto‑registered investment adviser. The firm fills a niche by offering traditional wealth‑management services—estate...
Bitcoin Treasuries to Move Beyond HODL to Yield, Hedging and Share Buybacks as NAV Discount Bites
The recent cooling of the corporate bitcoin‑treasury frenzy has left many digital‑asset treasury (DAT) stocks trading at a discount to the net asset value of their Bitcoin holdings, prompting analysts to urge firms to move beyond a simple buy‑and‑hold approach....
Japanese Bitcoin Treasury Firms Keep Beating BTC. Tax Policy Makes Outperforming U.S. Peers the Easy Part
Japanese digital‑asset treasury (DAT) companies listed on the Tokyo Stock Exchange are consistently trading at premiums to the underlying Bitcoin price, driven by Japan’s punitive crypto tax regime. Crypto gains are taxed as miscellaneous income at rates up to 55%...
Fanatics Enters Prediction Markets via Crypto.com Partnership
Sports merchandiser Fanatics announced a partnership with Crypto.com to launch a prediction‑markets platform within the next few weeks, according to CEO Michael Rubin on CNBC. The service will allow users to wager on outcomes of events such as sports, elections...
Coinbase to Snap Up Solana-Based DEX Vector as Acquisition Spree Continues
Coinbase announced the acquisition of Vector, a Solana-native on‑chain trading platform, integrating its team into Coinbase’s consumer trading division and shutting down Vector’s standalone apps. The deal, the ninth for Coinbase in 2025 after purchases such as Echo ($375 million) and...
GSR Expands Institutional Platform to Raise Transparency, Control in Crypto Trading
Crypto liquidity provider GSR has expanded its institutional platform, GSR One, into a unified trading and treasury system that combines market making, systematic OTC trading and treasury management. The upgrade delivers real‑time order‑book depth, custom analytics, programmatic execution tracking, enhanced...
Snipers Made $1.3M on Jesse Pollak’s Creator-Coin Debut on Base
Two automated traders, known as snipers, extracted more than $1.3 million in profit by exploiting Base’s newly introduced “flashblocks” micro‑block system during the debut of Jesse Pollak’s creator‑coin, JESSE. The 200‑millisecond flashblocks let bots spot the token‑deployment transaction and submit high‑fee...
Yen Slump Is Bullish for BTC and Risk Assets. Or Is It?
The Japanese yen has plunged to a 157.20 per‑dollar low, sparking expectations of Bank of Japan intervention and raising questions about its traditional role as a cheap funding currency for risk‑on trades. While a weak yen historically fuels carry‑trade flows...
Asia Morning Briefing: ZEC's Rally Outpaces What Transparent Onchain Data Can Explain
Zcash (ZEC) has outperformed Bitcoin and Ethereum this year, but transparent on‑chain metrics show no broad user‑base expansion. The only visible transaction surge came from the short‑lived Zerdinals inscription wave, which pushed daily transparent transactions above 70,000 before reverting to...
Tether’s Gold Hoard Surges to 116 Tons, Rivals Small Central Banks
Jefferies reports that stablecoin issuer Tether has amassed at least 116 tons of gold, making it the largest non‑sovereign holder and comparable to small central banks. The bullion, valued at roughly $15 billion, includes 12 tons backing its XAUt token and 104 tons backing...
Crypto Lobbyists Pitching Trump on Getting Things Done During Congress' Uncertainty
More than 60 crypto industry groups, led by the Solana Policy Institute and joined by the Blockchain Association, Digital Chamber, Crypto Council for Innovation and firms such as Uniswap, Paradigm and FalconX, sent a letter to President Donald Trump urging...
Kalshi Raises $1B at $11B Valuation as Prediction Market Race Continues: TechCrunch
Kalshi closed a $1 billion financing round that values the CFTC‑regulated prediction‑market exchange at $11 billion, led by Sequoia Capital and Capital G with participation from Andreessen Horowitz, Paradigm, Anthos Capital and Neo. The new valuation narrows the gap with crypto‑native rival Polymarket,...
Anthony Scaramucci-Backed AVAX One Approves $40M Stock Buyback
AVAX One, an Avalanche‑focused digital‑asset treasury firm backed by Anthony Scaramucci, announced that its board has authorized up to $40 million of common‑stock repurchases. The buyback program will be executed at the company’s discretion to address a roughly 70 % drop in...
Crypto Exchange Ripio Reveals $100M Crypto Treasury, Second Largest in Latin America
Latin American crypto exchange Ripio disclosed a cryptocurrency treasury exceeding $100 million, making it the second‑largest publicly known digital‑asset treasury in the region after Brazil’s OranjeBTC. The holdings, primarily bitcoin and ether, have been acquired since 2017 and are managed through...
Ray Dalio Still Owns Bitcoin, but Says Traceability and Quantum Threat Are Concerns
Bridgewater founder Ray Dalio confirmed he maintains roughly a 1% allocation to Bitcoin, a stake he has held for years. He warned that Bitcoin’s public ledger and potential susceptibility to quantum‑computing attacks make it unlikely to become a global reserve...
ICP Breaks Below Key Support as Volume Surges at Resistance Test
Internet Computer (ICP) slipped below the $4.95 support level and is now trading around $4.80, despite a modest 0.75% gain in the last 24 hours. A volume spike of 5.63 million tokens—85% above the daily average—coincided with a failed push above...
The Rise of Crypto Treasuries: How One Bet Sparked a Corporate Shift
In 2020 Michael Saylor redirected MicroStrategy's $500 million cash reserve into bitcoin, creating the first corporate crypto treasury and sparking a wave of similar strategies after the SEC approved spot bitcoin and ether ETFs in 2024. Companies ranging from healthcare firm...
BONK Holds Range as Heavy Volume Marks Key Support Retest
Solana memecoin BONK remained confined to a narrow consolidation band, trading around $0.000009922 and slipping 0.7% after a volatile two‑day swing. A volume surge of 1.68 trillion tokens—91% above the 24‑hour average—validated an initial breakdown at $0.0000102 and helped establish a...
Ethereum’s Fusaka Upgrade Signals New Era for Value Accrual: Fidelity Digital Assets
Fidelity Digital Assets says Ethereum’s upcoming Fusaka hard fork, slated for December, marks the blockchain’s most value‑driven roadmap to date, consolidating consensus and execution layer changes to boost layer‑1 scalability and usability. Analyst Max Wadington argues the upgrade signals a...
Crypto for Advisors: Crypto Indices Explained
CoinDesk’s “Crypto for Advisors” newsletter featured WisdomTree’s digital‑assets research director Dovile Silenskyte explaining how crypto index design—asset selection, weighting, rebalancing, and data governance—determines trust, transparency, and the viability of institutional products. She highlighted that unlike equity indices, crypto indices must contend...
Core Foundation Wins Injunction Against Maple Finance on Alleged Confidentiality Breach
Core Foundation secured an injunction from the Grand Court of the Cayman Islands prohibiting Maple Finance from launching its own liquid‑staking token, syrupBTC, or dealing in CORE tokens while arbitration proceeds. The foundation alleges Maple breached exclusivity clauses and misappropriated...
