Stablecoins
Rumors
Musk’s xAI reportedly seeking $10B in a new funding round
xAI's potential fundraising comes weeks after completing a $10 billion debt and equity round at an approximate valuation of $150 billion.
Regulation
Stablecoin builders rush to preempt regulatory challenges with GENIUS Act on horizon
According to a report by Variant Fund policy lead Salah Ghazzal, players acting now to adapt process that take time will capture advantage.
Lending
Aave active loans hit record $30.5B, commanding 65% of DeFi lending market
Aave also commands a total value locked (TVL) of $42 billion, making it the largest DeFi protocol by TVL.
Analysis
Bitcoin’s next major move post-FOMC relies on staying above $115,200
This threshold represents a critical line for maintaining demand-side momentum, with failure to hold this level risking a contraction toward the range between $105,500 and $115,200.
Politics
Elizabeth Warren probes Justice Department over Binance 2023 settlement terms
The senators criticized the Justice Department for failing to "meaningfully answer" questions Warren initially raised in May about settlement compliance.
Stablecoins
Majority of institutions with no stablecoin project plan adoption within 12 months
A EY-Parthenon survey of 350 decision-makers revealed that 54% of non-stablecoin users expect to begin implementation by 2026.
DeFi
Hyperliquid unveils event perps to kill oracles and unlock 15 minute auctions
Kalshi-backed proposal introduces event perpetuals to revolutionize prediction market functionality on Hyperliquid.
ETF
New ETFs aim to harvest 11% Bitcoin premiums with zero net market exposure
The funds will purchase spot Bitcoin and Ethereum ETFs, while simultaneously shorting futures contracts to profit from price differentials.
Legislation
Bitcoin advocates form ‘Treasury Council’ to push for corporate adoption in Congress
The Treasury Council includes nine chief executives from companies holding Bitcoin in their corporate treasuries.
ETF
Bitwise files for stablecoin and tokenization ETF targeting Thanksgiving launch
The fund tracks companies and assets poised to benefit from stablecoin adoption and asset tokenization growth.
Exchanges
Binance approaches deal with DOJ to drop outside monitor from $4.3 billion settlement
The Justice Department (DOJ) considers removing the oversight mechanism as part of a broader policy shift under the President Donald Trump administration.
Analysis
NAKA shares plunge 54% in a day, reinforcing investor exhaustion toward Bitcoin treasury companies
The stock peaked above $15 in late August before beginning a precipitous decline that accelerated throughout September.
