Tom Lee speculates wounded market makers behind crypto crunch
Crypto’s recent slump could be the result of a market maker liquidity crisis triggered by the crypto crash in October, speculates BitMine’s Tom Lee.
Kalshi’s valuation marked up to $11B after $1B funding round: TechCrunch
Kalshi has joined predictions market rival Polymarket in the $10 billion-plus valuation club after reportedly raising another $1 billion from Sequoia Capital and CapitalG.
AI hedge fund Numerai wins backing from top university endowments, token soars
Numerai’s NMR token jumped over 40% after it announced a new funding round led by major university endowments, pushing the hedge fund to a $500M valuation.
ETH DATs have a problem: Ether’s crash below $3K vaporized a year’s worth of gains
Ethereum treasury companies are holding millions of dollars in unrealized losses, and the falling mNAV valuations and ETH’s potential to fall below $2,500 could further complicate matters.
SEC to hold privacy and financial surveillance roundtable in December
The slated roundtable discussion comes as privacy experiences a renewed focus from crypto industry executives and civil liberties activists.
Ex-prosecutor denies promising not to charge FTX executive’s partner
One of the US attorneys behind the prosecution of former FTX executives testified as part of an evidentiary hearing exploring one of their plea deals.
Solana ETF inflows soar: When will SOL price follow the trend?
Solana’s newly launched ETFs continued to attract heavy inflows, but a weakening market structure threatens a deeper correction to $120 for SOL price.
Prospective CFTC chair’s nomination advances through committee
Acting CFTC Chair Caroline Pham may be one step closer to leaving the agency after the Senate Agriculture Committee advanced US President Donald Trump’s pick to replace her.
Coinbase launches ETH-backed loans as onchain lending tops $1.25B
Users can borrow up to $1 million in USDC against their Ether as Coinbase expands its Base-powered network, which has processed $1.25 billion in loans.
Bitcoin, stocks crumble after Nvidia earnings and Fed uncertainty over next rate cut
Bitcoin weakness persists as the BTC price drops to $86,000, alongside a US stock market sell-off and diminishing odds of a 50-basis-point Fed interest rate cut at the next FOMC.