Democrats Win Congress, Crypto Faces Trump Probes and a $60 Million Ohio Loss
TLDR Democrats won control of both the House and Senate, and the new Congress takes office in January. Rep. Robert Garcia told the Trump family to “lawyer up” as Democrats plan oversight probes. TD Cowen expects Democrats to investigate Trump-family-run…
Schroders Tokenizes an Emerging Markets Debt Strategy With Centrifuge in Its Solana Debut
Centrifuge says the product offers a different source of risk and return than the cash and short-term government debt that dominate onchain fixed income. The post Schroders Tokenizes an Emerging Markets Debt Strategy With Centrifuge in Its Solana Debut…
Arkansas Sues Kalshi, Joining a Growing List of States Targeting Prediction Markets
Attorney General Tim Griffin said betting on "whether the Razorbacks win or lose" is gambling, and wants restitution, penalties and taxes.
Ripple Says Crypto Mission Unchanged After Democrats Win House and Senate
TLDR Crypto PAC Fairshake won 29 of 34 decided races, according to Reuters’ November 4 report. More than $60 million in crypto spending failed to stop Sherrod Brown from winning in Ohio. Democrats regained control of the House and Senate in the November…
Bitcoin win rate vs. S&P 500 recovers as post-midterm history favors stocks
Bitcoin outperformed the S&P 500 in half of the past 90 US trading sessions, while historical midterm data highlights gains for stocks.
Trump Media Moves $344M in Bitcoin as $1 Billion Debt Deadline Nears
TLDR Trump Media moved about 4,259 BTC, worth $343.67 million, to Crypto.com. The coins came from wallets labeled as convertible note collateral. The amount nearly matches the 4,260.73 BTC the company pledged in June. Noteholders can demand up to $1…
Polygon Hard Fork Plan Targets Hacker Who Tried to Bribe Validators Over Frozen POL
TLDR Polygon is considering a hard fork to move 70.49 million stolen POL, worth about $6.5 million. The funds came from separate Polymarket and Binance hacks on October 29 and 30. The proposal calls the current blocklist a stopgap that is not a complete…
Bitcoin (BTC) Price: Fidelity and BlackRock ETFs Split as BTC Returns Above $80K
TLDR Bitcoin traded near $80,320 on November 5, up more than 3% in 24 hours. BTC had dropped toward $75,600 during the U.S. midterm election results. Spot Bitcoin ETFs took in $74.6 million on November 4, ending three days of outflows. Fidelity’s FBTC…
Vitalik: Crypto Exchanges Must Prioritize Survival Over Competition in the Next Two Years
Ethereum co-founder Vitalik Buterin told Moneycontrol that amid a wave of major exchange hacks, the ...
Crédit Mutuel Arkéa Says Attackers Drained Its Own Account and May Have Cashed Out in Crypto
The French bank says the attackers worked through its own account, not customers', and won't confirm the reported €118 million ($133 million) loss beyond saying the scale is about right. The post Crédit Mutuel Arkéa Says Attackers Drained Its Own Account…