The stablecoin sector finally hit a speed bump this week, trimming $1.925 billion from its market cap after a long winning streak. Leading the cutback was Ethena’s USDe, which slipped 7.91%. To make matters spicier, two stablecoins also lost their dollar composure, wobbling off their $1 targets like rookies at a balancing act. Stablecoin Watch:
Crypto-focused treasury companies are facing renewed strain as the latest market downturn erodes asset values and erases equity cushions that once appeared durable. In a November 7 post on X, crypto analysis platform CryptoQuant reported that falling token prices have narrowed financial buffers across the sector. That contraction has weakened company valuations, pushing several treasuries
The Director of the Financial Services and the Treasury Bureau, Xu Zhengyu, believes that AI, blockchain and tokenization are the future of Hong Kong’s fintech industry, as the Chinese special administrative region (SAR) celebrates a decade of steady growth in its FinTech ecosystem. The Director of the Financial Services and the Treasury Bureau, Xu Zhengyu,
Michael Burry, the investor (of “The Big Short” fame) who correctly predicted the 2008 housing crisis, disclosed a $1.1 billion short position against Nvidia and Palantir Technologies through put options on Monday, triggering an immediate sell-off across tech markets this week. Palantir dropped as much as 16% on Tuesday before closing down approximately 8%. The
While Bitcoin and Ethereum funds shed assets, Bitwise’s fledgling Solana ETF racked up more than $126 million in net inflows in its first full week of trading, an auspicious sign for the SOL-tracking product and potentially for other altcoin funds. The Bitwise Solana Staking ETF (BSOL) has generated more than $545 million in net inflows
Polymarket and similar prediction markets brought gambling to non-sports spaces. The “degen” culture of decentralized finance has made some of the bets look really ridiculous. What are the five most absurd bets on Polymarket in 2025? Summary On Polymarket, people bet on everything: from election winners to the weather in London on a particular date.
The week of November 2-8, 2025, saw $1.015 billion in crypto funding across 21 projects, with Ripple Labs’ $500 million strategic round leading. Summary Ripple raised $500M at a $40B valuation, driving weekly crypto funding to $1.01B. Lava followed with $200M as payments and stablecoin infrastructure dominated deals. Canaan, Future Holdings, and Fomo secured key
After multiple collectors pulled Bitcoin redemption cards from previous sets, trading card manufacturer Cardsmiths released its latest Currency Series set with five cards that are redeemable for 1 full Bitcoin apiece—more than $100,000 each as of this writing. Currency Series 5 went up for sale on the firm’s website and via select retailers on Wednesday,