MegaETH Scraps $1B Plan After Technical Failures Derail Sale
MegaETH aborted its planned $1 billion fundraising after a botched pre‑deposit event on Tuesday, where KYC configuration errors and rate‑limit problems let unverified users flood the system and exceed the $250 million cap. A prematurely executed Safe multisig transaction further pushed deposits to $500 million, prompting the team to freeze the raise and cancel the expansion to $1 billion. The earlier token auction, which opened on Oct. 27, had already attracted $1.3 billion in commitments for 5 % of the 10‑billion‑token supply, triggering a special allocation mechanism to apportion tokens. MegaETH, backed by Ethereum co‑founders Vitalik Buterin and Joe Lubin, aims to deliver sub‑millisecond latency and 100,000 tps on its layer‑2, with the MEGA token slated for launch in early 2026.
South Africa’s Central Bank Flags Crypto, Stablecoins as Financial Risk
The South African Reserve Bank’s 2025 financial stability report flagged crypto assets and stablecoins as a new systemic risk, noting that 7.8 million users across the country’s three largest exchanges held about $1.5 billion in custody at the end of 2024. The...
Paxos Acquires Fordefi to Power Stablecoin, Tokenization Infrastructure
Paxos announced the acquisition of New York‑based institutional crypto wallet startup Fordefi for more than $100 million. The deal merges Paxos’ regulated custody platform with Fordefi’s multi‑party computation (MPC) wallet and DeFi integration technology, creating a unified solution for issuing stablecoins,...
Polymarket Wins Regulatory Approval to Operate US Trading Platform
Prediction market operator Polymarket has secured an Amended Order of Designation from the U.S. Commodity Futures Trading Commission, permitting it to run an intermediated trading platform under the full regulatory regime applied to U.S. exchanges. The clearance enables the firm...
Why the SEC’s New Guidelines Could Speed up the Approval Process for New Crypto ETFs
The SEC has issued post‑shutdown technical guidance that lets crypto ETF issuers choose between the automatic 20‑day effectiveness provision under Section 8(a) or an accelerated effectiveness request via Rule 461, streamlining the path to launch. The guidance follows the approval of generic...
High Percentage of Bitcoin, ETH, SOL Held at a Loss: Is It a Bear Market Sign?
An analyst’s data show that roughly 35‑40% of Bitcoin, 37% of Ether and 70% of Solana are currently held at a loss, but the figures overstate sell‑side pressure because large portions of each token are locked or held by institutions....
MoonPay Secures New York Trust Charter, Expands Regulated Services
MoonPay has been granted a trust charter by the New York Department of Financial Services, adding to its existing BitLicense and allowing the firm to offer crypto custody and over‑the‑counter trading services in the state. CEO Ivan Soto‑Wright said the...
21Shares Taps Standard Chartered for Custody as TradFi Tightens Grip on Crypto
Standard Chartered has been chosen by fund manager 21Shares as its digital‑asset custodian, marking a shift from the crypto‑native Zodia Custody, which the bank co‑founded in 2020. The bank will deliver custody services through its newly launched Luxembourg‑based digital‑asset custody...
South Korea Stablecoin Framework Stalls as Regulators Split over Banks’ Role
South Korean regulators remain deadlocked over the role of banks in issuing won‑backed stablecoins, pushing the expected 2025 framework into uncertainty. The Bank of Korea insists that banks must hold at least a 51% stake in any stablecoin issuer to...
Portfolio Diversification Leading Driver for Crypto Investment in 2025: Sygnum
Sygnum Bank’s Future Finance Report 2025 finds portfolio diversification has become the leading motivator for crypto investment, with 57% of respondents citing it as their primary reason, overtaking the previous focus on long‑term upside. The report also highlights strong demand...
Over 8% of Bitcoin Changed Hands in Week, Markets on ‘Knife’s Edge,’ Analysts Say
Over 8% of Bitcoin’s total supply changed hands in the past week, marking one of the largest on‑chain migrations in the cryptocurrency’s history, according to Semler Scientific analyst Joe Burnett. The surge in activity coincides with heightened market volatility ahead...
What Bitcoin CME Gaps Are and How They Influence Price Movements
The article explains that a Bitcoin CME gap occurs when the price of CME‑traded Bitcoin futures jumps between Friday’s close and Monday’s open, creating a blank space on charts that traders watch closely. Because CME futures are the primary regulated...
Solana Treasury Backs ‘Double Disinflation’ Plan Amid 30% Price Decline
Solana Digital Asset Treasury DeFi Development Corp. (DFDV) became the first Solana treasury to publicly back SIMD‑0411, a proposal to double the network’s annual disinflation rate from 15% to 30%, cutting projected SOL emissions by roughly 22 million tokens over six...
VanEck Quietly Backpedals on BNB ETF Staking in Latest SEC Filing
VanEck has removed any reference to staking Binance Coin (BNB) in its updated S‑1 filing for a proposed spot BNB ETF, stating the trust will not earn staking rewards and may never engage in staking activities. The change follows earlier...
Metaplanet Leans Into Bitcoin Debt Play with Fresh $130M to Buy More BTC
Tokyo‑listed Metaplanet, a Bitcoin treasury firm, drew an additional $130 million from its $500 million Bitcoin‑backed credit facility, bringing total borrowings to $230 million. The loan, executed on Friday, will be used to purchase more BTC, fund its Bitcoin income program and potentially...
Monad Airdrop Farmer Spends Full $112K MON Reward on Gas for Failed Trades
A crypto airdrop farmer identified by wallet 0x7f4e…fa7d received roughly $112,700 worth of Monad (MON) tokens and subsequently burned the entire amount on gas fees from hundreds of failed transactions, according to Solscan data. The user likely used an automated...
Strike CEO Debanked by JPMorgan, Lummis Sounds ‘Chokepoint 2.0’ Alarm
JPMorgan Chase closed the personal accounts of Jack Mallers, CEO of Bitcoin Lightning‑network payments firm Strike, without providing a reason, reigniting fears of a renewed "Operation Chokepoint 2.0"—alleged government pressure on banks to cut ties with crypto firms. U.S. Senator...
Solana ETFs Pull $369M in November as Investors Look to Productive Yield Assets
Solana ETFs attracted $369 million of net inflows in November, contrasting sharply with Bitcoin ETFs’ $3.7 billion and Ether ETFs’ $1.64 billion net redemptions over the same period. The surge reflects investors treating SOL as a yield‑generating asset, buoyed by native staking rewards...
UAE’s New Financial Law Pulls DeFi and Web3 Into Regulatory Scope
The United Arab Emirates has enacted Federal Decree Law No. 6 of 2025, a central‑bank statute that brings decentralized finance (DeFi) protocols, Web3 middleware and infrastructure providers under the regulatory umbrella of the Central Bank of the UAE. Effective Sept. 16, 2025,...
Exodus Taps Bitcoin Holdings to Fund $175M Move Into Onchain Payments
Exodus, the crypto wallet provider, is leveraging its Bitcoin reserves to finance a $175 million acquisition of W3C Corp. The deal brings on‑chain payment platforms Monavate and Baanx into Exodus’s ecosystem, marking the firm’s first major foray beyond wallet services into...
‘OG Whale’ Who Called the October Crash Has a $44.5M Long on Ether
An anonymous trader dubbed the “OG Whale” or “$10B HyperUnit Whale,” who earned roughly $200 million from shorting the October 10 crypto crash, has increased a long position in Ether to $44.5 million, adding $10 million on Monday, according to Arkham Intelligence. The...
Crypto VC Activity Hits $4.6B in Q3, Second-Best Quarter Since FTX Collapse
Crypto‑focused venture capital investment surged to $4.65 billion in Q3, marking the second‑largest funding round since the FTX collapse and a 290% quarter‑on‑quarter increase. The $4.65 billion was spread across 414 deals, but seven deals—including Revolut’s $1 billion round, Kraken’s $500 million, and Erebor’s...
Bitcoin’s Sharpe Ratio Is Nearly at Zero, a Rare Risk-Reward Signal
CryptoQuant analyst I. Moreno notes that Bitcoin’s Sharpe ratio has fallen to near‑zero, a level historically seen at market bottoms in 2019, 2020 and 2022, indicating poor returns relative to volatility but a potentially more attractive risk‑adjusted setup. The low...
Wall Street Need Not Be Squeamish About Bitcoin’s Ups and Downs: Pomp
Crypto investor Anthony Pompliano told CNBC that Bitcoin’s recent 30% drawdown, the 21st such event in a decade, is routine for seasoned Bitcoiners but unnerves many Wall Street newcomers accustomed to lower volatility. He noted that the sell‑off, which pushed...
SOL Rebounds Alongside Wider Crypto Market Bounce: Is $160 Possible?
Solana’s native token SOL failed to break back above $140, remaining 30% lower over the past month and lagging the broader altcoin market. Weak on‑chain activity, a 20% drop in total value locked to $10.5 billion, and the lowest weekly network...
Japanese Watchdog to Require Exchanges to Hold Liability Reserves: Report
Japan’s Financial Services Agency (FSA) is set to tighten crypto regulations by mandating that domestic cryptocurrency exchanges establish liability‑reserve funds to quickly compensate users after hacks or other security breaches, according to a Nikkei report. The requirement will be outlined...
Bitcoin Data Calls $80K the Bottom, Analysts Say BTC Bulls Are Back
Analysts are interpreting Bitcoin's recent slide to $80,000 as the market bottom, citing data that suggests a 91% probability of a trend reversal. The forecast projects the cryptocurrency could rally to approximately $118,000, marking a potential resurgence for BTC bulls....
Price Predictions 11/24: SPX, DXY, BTC, ETH, XRP, BNB, SOL, DOGE, ADA, BCH
Bitcoin slipped to $80,600 last week but attracted $238.4 million of inflows into spot BTC ETFs, prompting analysts at Swissblock to argue that the worst of the capitulation may be over and that a bounce above $88,000 could signal a more...
Ondo Turns to Figure’s Stablecoin with $25M Investment to Back Tokenized Fund
Ondo Finance has allocated $25 million to purchase YLDS, the yield‑bearing stablecoin issued by Figure Technology Solutions, to diversify the reserve backing its tokenized short‑term US government bond fund (OUSG). The fund, which offers on‑chain exposure to Treasurys with 24/7 redemptions...
Stand With Crypto to Vet 2026 Candidates on Digital Asset Positions
Stand With Crypto, a Coinbase‑backed advocacy group, has begun sending a questionnaire to an unspecified number of federal and state candidates ahead of the 2026 midterm elections to gauge their positions on digital assets, crypto innovation, de‑banking, mining, zoning, and...
Zcash Down 30% From November’s Top: Will ZEC Price Crash Further?
Zcash (ZEC) has fallen about 30% from its November peak of $750 and is trading within a symmetrical triangle on the four‑hour chart, signaling indecision after a 1,500% rally since September. Analysts compare the pattern to BNB’s pre‑crash parabola and...
Quantum Computers Won’t Break Bitcoin’s Code, They’ll Break Its Politics
Bitcoin analyst James Check contends that the primary threat posed by quantum computers to Bitcoin is not a cryptographic vulnerability but a governance challenge. While quantum attacks could theoretically compromise the elliptic‑curve signatures used by the network, the protocol’s consensus...
Hyperliquid’s $314M Unlock Fuels Calls for Clarity, Sell-Pressure Warnings
Hyperliquid, a decentralized derivatives exchange, is set to release $314 million worth of locked tokens, prompting market participants to warn of inevitable sell pressure. BitMEX co‑founder Arthur Hayes argued that the token unlock cannot be mitigated by insider assurances and...
Blockchain Is Struggling to Hold on to Its Original Purpose: Aztec CEO
Aztec Labs CEO Zac Williamson warned that blockchain is drifting from its original ethos of open, permissionless innovation, as the industry pivots toward serving institutional finance. He argued that privacy‑enhancing technologies, such as Aztec's zero‑knowledge rollups, can reconcile this shift...
How India’s VDA Review May Strengthen Protections Across the Crypto Ecosystem
India, home to over 100 million crypto users, is conducting a formal review of its virtual digital asset (VDA) framework to move beyond a regime focused on a 30% tax and basic AML rules. The review, prompted by the Supreme Court...
Nasdaq-Listed Enlivex Plans $212M RAIN Token Play with Ex-Italian PM Onboard
Nasdaq‑listed biotech Enlivex Therapeutics announced a $212 million private investment in public equity offering, selling 212 million shares at $1 each—a roughly 11.5% discount to the prior close. The proceeds will be used to purchase the Rain (RAIN) utility token, the native...
NPM Supply-Chain Attack Compromises Major ENS and Crypto Libraries
A supply‑chain attack on the NPM ecosystem has infected more than 400 JavaScript packages with the Shai Hulud self‑replicating worm, according to Aikido Security researcher Charlie Eriksen. At least ten of the compromised libraries are crypto‑focused, many tied to the Ethereum...
Pump.fun’s Massive $436M Cash-Out Turns Heads as Memecoin Mania Fades
Solana‑based memecoin launchpad Pump.fun has moved more than $436 million in USDC to Kraken since mid‑October, marking a massive cash‑out after the October crypto market crash slashed speculative demand. The platform’s monthly revenue fell 53% to $27.3 million in November, the lowest...
Buterin Says X’s New Location Feature ‘Risky’ as Crypto Users Flag Privacy Concerns
Ethereum co‑founder Vitalik Buterin labeled X’s new mandatory country‑visibility feature as “risky,” echoing concerns from crypto leaders that the change threatens user privacy. Uniswap founder Hayden Adams called the rollout “mandatory doxing” and “psychotic,” while Summer.fi CTO Andrei David warned that forcing...
Rising Crypto Token Value Capture May Fuel 2026 Rebound: Bitwise CIO
Bitwise CIO Matt Hougan said that crypto tokens are improving at returning value to investors, citing higher on‑chain activity and more robust tokenomics. He highlighted that the upcoming Ethereum Fusako upgrade, which aims to enhance fee structures and token utility,...
Bitcoin ATM Firm Explores $100M Sale Following CEO’s Federal Indictment
Chicago‑based Crypto Dispensers, a leading Bitcoin ATM operator, has hired advisors to conduct a strategic review and explore a potential $100 million sale after its founder and CEO, Firas Isa, was indicted by the U.S. Department of Justice on money‑laundering charges...
Crypto Conditions Signal Less Likely Chance of ‘Major Capitulation’: Lyn Alden
Macro‑economist Lyn Alden told the *What Bitcoin Did* podcast that the crypto market has not reached euphoric levels, reducing the likelihood of a major capitulation. She argues the current Bitcoin cycle is driven more by broader macro factors than the...
BlackRock’s Bitcoin Clients Aren’t ‘Underwriting’ the Case for Global Payments
BlackRock’s head of digital assets, Robbie Mitchnick, told the Coin Stories podcast that most institutional clients view Bitcoin primarily as a store‑of‑value rather than a future global payments network, describing the latter as an out‑of‑the‑money option. He said widespread Bitcoin...
Cardano Suffers Temporary Chain Split From Code Bug, but ADA Hangs On
Cardano experienced a brief chain split on Friday after a malformed delegation transaction triggered an old software bug in its node library, causing nodes to diverge on transaction processing. Staking pool operator Homer J, who used AI‑generated code, was identified as...
Coinbase Crypto Exchange Executes Internal Wallet Migration
Coinbase announced a scheduled migration of large cryptocurrency balances from its existing on‑chain wallets to new internal wallets, a routine security measure intended to reduce long‑term exposure of publicly known addresses. The exchange emphasized that the move is not triggered...
‘Extremely Lucky’ Solo Bitcoin Miner Beats Massive Odds to Win $266K
A hobby‑grade solo Bitcoin miner using a 1.2 TH/s device solved block 924,569 and earned 3.146 BTC, roughly $266,000, an event the CKpool founder estimates occurs about once in 1.2 million days at that hash rate. The win adds to a growing trend in...
Sovereign Bitcoin Adoption Would Be the Ultimate Upside Catalyst: Jeff Park
ProCap CIO Jeff Park told The Pomp Podcast that sovereign adoption—specifically a major OECD country buying Bitcoin on its balance sheet—would be a "black swan" catalyst capable of pushing BTC from its current $85,089 level to around $150,000, a 76%...
‘Rich Dad, Poor Dad’ Author and Bitcoin Bull Robert Kiyosaki Sells His BTC
Robert Kiyosaki, author of “Rich Dad, Poor Dad,” disclosed that he sold his $2.25 million Bitcoin holding—bought at roughly $6,000 per coin and sold near $90,000— and will redeploy the proceeds into two surgery centers and a billboard business. He projects...
Bitcoin’s Death Cross Confirmation Could Mean BTC Is Officially in a Bear Market
Bitcoin has confirmed a technical “death cross” as its 50‑day moving average fell below the 200‑day average, coinciding with a close below the 50‑week EMA and a slide to a six‑month low of about $80,500. Analysts note that every Bitcoin...
Anchorage Digital Adds HYPE Staking Support Through Figment Partnership
Anchorage Digital announced that it will offer HYPE staking on HyperCORE through a partnership with validator infrastructure provider Figment, extending its regulated custody and DeFi services to the Hyperliquid ecosystem. The staking service will be available via Anchorage Digital Bank,...