šŸ” Market Summary

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Coinbase urges Treasury to keep GENIUS Act rules aligned with congressional intent

Coinbase urges Treasury to keep GENIUS Act rules aligned with congressional intent

Crypto exchange Coinbase Global has urged the U.S. Treasury Department to keep its forthcoming rules for the GENIUS Act tightly aligned with congressional intent.In a detailed response to the Treasury, Coinbase noted that Treasury should avoid imposing requirements beyond what the statute explicitly…

Zohran Mamdani secures win to become NYC mayor defeating Cuomo who recently pledged crypto innovation

Zohran Mamdani secures win to become NYC mayor defeating Cuomo who recently pledged crypto innovation

Democratic socialist Zohran Mamdani secured a win in the race for New York City mayor against long-time Democrat and former New York Governor Andrew Cuomo.Ā Mamdani led in the polls 50.6% to Cuomo's 41.2 % with Republican candidate Curtis Sliwa further behind, according to the Associated Press.Ā Last …

Gemini preparing to launch prediction market contracts: Bloomberg

Gemini preparing to launch prediction market contracts: Bloomberg

Gemini, the crypto exchange founded by the Winklevoss twins, is planning to launch prediction market contracts, Bloomberg reported Tuesday.Citing anonymous sources familiar with the plans, the report said Gemini discussed launching the products as soon as possible.Ā In May, Gemini filed an applicatio…

Hut 8 joins rank of top 10 largest public bitcoin holders with over 13,000 BTC

Hut 8 joins rank of top 10 largest public bitcoin holders with over 13,000 BTC

Bitcoin miner and energy infrastructure firm Hut 8 (ticker HUT) grew its bitcoin reserve by over 50% over the past year.Ā The firm held 13,696 BTC worth about $1.6 billion as of the end of Q3 2025 on Sept. 30, up from 9,106 BTC from the period in 2024, according to a release on Tuesday.Ā This pushes H…

FTX withdraws motion seeking to limit repayments in China, Russia and other restricted jurisdictions

FTX withdraws motion seeking to limit repayments in China, Russia and other restricted jurisdictions

FTX has withdrawn its controversial motion seeking to implement a "restricted jurisdiction" procedure that could have led to the forfeiture of customer claims in certain countries, a reversal that marks a win for creditors of the collapsed exchange.The motion, which is part of its Chapter 11 plan, s…

Stream Finance halts withdrawals and deposits after $93 million loss disclosed

Stream Finance halts withdrawals and deposits after $93 million loss disclosed

DeFi protocol Stream Finance has temporarily suspended all withdrawals and deposits after an external fund manager overseeing its assets disclosed a loss of roughly $93 million, the company said late Monday night.Stream Finance said in a post on X that an external fund manager disclosed a $93 millio…

Custodia ruling a ā€˜speed bump’ not a roadblock for crypto banks, says TD Cowen

Custodia ruling a ā€˜speed bump’ not a roadblock for crypto banks, says TD Cowen

An appeals court ruling last week declaring that Custodia is not entitled to a Federal Reserve mast account is not the end of the road for crypto banks to get access to the central bank, said a TD Cowen analyst on Monday."We see this as a speed bump rather than a road block for crypto Master Account…

Paradigm leads $7.6 million seed funding round for perp DEX aggregator Liquid

Paradigm leads $7.6 million seed funding round for perp DEX aggregator Liquid

Crypto startup Liquid, which aggregates multiple decentralized perpetual futures exchanges — including Hyperliquid, Lighter, and Ostium — into one non-custodial app, has raised $7.6 million in a seed funding round.Paradigm led the seed round, with General Catalyst and several angel investors joining…

Tharimmune raises $540 million from ARK Invest, DRW, Kraken and others to build Canton Coin treasury

Tharimmune raises $540 million from ARK Invest, DRW, Kraken and others to build Canton Coin treasury

Nasdaq-listed Tharimmune Inc. (ticker THAR) said Monday it raised about $540 million in a private placement to fund a new digital-asset treasury strategy centered on Canton Coin.The token powers the Canton Network, a blockchain built to link regulated institutions through a privacy-enabled system su…

FTSE Russell taps Chainlink to bring Russell 1000 and other index data onchain

FTSE Russell taps Chainlink to bring Russell 1000 and other index data onchain

Leading crypto oracle provider Chainlink has inked a partnership with FTSE Russell to bring its indices and market data onchain. This includes data for major global indices like the Russell 1000, Russell 2000, Russell 3000, and other FTSE products.Ā FTSE Russell will onboard its data using Chainlink’…

DEX volume hits all-time high in October as traders reposition funds

DEX volume hits all-time high in October as traders reposition funds

Decentralized exchange (DEX) trading volume surged to an all-time high of $613.3 billion in October from nearly $500 billion in September, marking a sharp increase as traders repositioned their holdings.According to DefiLlama data, Uniswap recorded the largest monthly volume among DEXs with $170.9 b…

Monthly Ethereum stablecoin volume hits record $2.8 trillion in October

Monthly Ethereum stablecoin volume hits record $2.8 trillion in October

The total monthly stablecoin volume on Ethereum soared to hit a new all-time high in October, as traders increasingly sought yield opportunities during the crypto market slowdown.According to The Block's data, stablecoins on Ethereum saw a total of $2.82 trillion in onchain volume in October, surpas…