Bitcoin ETFs Surge with $75M Purchase
US Bitcoin ETFs saw $75 million in net inflows, ending a five-day outflow streak, led by @BlackRock’s iShares Bitcoin Trust ETF. #Update #Crypto #BitcoinETF
Tether Invests in Parfin to Boost USDT
@Tether invests in @Parfin to enhance USDT adoption in Latin America, focusing on secure digital asset management for institutions. This aligns with a $1.5 trillion crypto transaction surge in the region. #Update #Crypto $USDT
Kalshi Valuation Soars to $11B After $1B Funding
@Kalshi has raised an additional $1 billion, increasing its valuation to $11 billion, led by Sequoia Capital and CapitalG. This follows a previous $300 million round in October. #Update #Crypto
CFTC Chair Nomination Advances Crypto Regulation
Michael Selig’s nomination for CFTC Chair advances with a 12-11 vote from the Senate Agriculture Committee, supported solely by Republicans; full Senate confirmation expected post-Thanksgiving. #Update #Crypto $BTC
Tether Gold Hoard Surges to 116 Tons
@Jefferies reports Tether has amassed 116 tons of gold, making it a leading non-sovereign holder, impacting supply and prices as gold rises over 50% this year. #Update #Crypto $USDT
AI Labs Propel US Global Competitiveness
Deep Cogito and The Allen Institute for AI released open-source models, Cogito v2.1 and Olmo 3, respectively, showcasing different strategies to compete with China’s AI dominance. #Update #AI
Bitcoin Flipped XRP Price Must Hit $X
XRP gains traction with ecosystem growth and Spot XRP ETFs but needs to hit $30.61 to match Bitcoin’s market cap of $1.84 trillion. #Update #Crypto $XRP
Bitcoin Market Haunted by October Liquidation
Fundstrat’s Tom Lee attributes crypto market weakness to the Oct. 10 liquidation event, impacting market makers and liquidity. #Update #Crypto $BTC
Nvidia Stock Dips 2% After $57B Quarter
Alphabet surpasses Microsoft in market cap after Berkshire Hathaway’s $4.9B investment, highlighting competition in AI and cloud sectors. #Update #Market
Ethereum Launches ETH-Backed Loans Amid $1.25B Lending Surge
@Coinbase has launched Ether-backed loans for US users, allowing borrowing up to $1 million in USDC against ETH holdings. The product is available in most states except New York. #Update #Crypto $ETH
AVAX One Approves $40M Stock Buyback
@AVAX One Technology (AVX) announces a $40M stock buyback program to address declining share prices, joining other crypto treasury firms in similar efforts. #Update #Crypto $AVAX
Bitcoin Investment Boost Metaplanet Strategy
Metaplanet unveils preferred shares “Mars” and “Mercury” to raise $135M, enhancing its Bitcoin strategy. Mercury offers a 4.9% fixed dividend with conversion rights. #Update #Crypto
XRP Skyrockets with Million-Dollar Investment
Dave Portnoy invests $1M in $XRP amid market dip, raising speculation on strategic timing despite XRP’s 15% decline. #Update #Crypto $XRP
Bitcoin Liquidity Crashes Amid Stablecoin Drop
Liquidity concerns rise as $840M exits stablecoin sector since Nov. 15, impacting crypto market liquidity. #Update #Crypto $USDT