Author: John Smith
A major crypto merger that could have reshaped the stablecoin market has quietly fallen apart, marking a shift in strategy for one of the industry’s biggest players. Summary Coinbase and BVNK drop $2B acquisition after due diligence. The deal would have boosted Coinbase’s stablecoin strategy. COIN shares dip as investors reassess growth prospects. Coinbase has called off its planned $2 billion acquisition of U.K.-based stablecoin startup BVNK, ending one of the most anticipated deals in the digital payments space. The decision, reported by a Fortune on Nov. 11, comes after weeks of exclusivity discussions and due diligence. Both firms reportedly…
Tether poached two senior executives from a bank that oversees one of the world’s most extensive gold vaults. Summary Tether is doubling down on its gold bet by hiring two of HSBC’s top gold traders HSBC operates one of the largest private gold vaults in the world The stablecoin issuer currently holds more than $12 billion in physical gold As macro uncertainty fuels renewed interest in precious metals, the world’s largest stablecoin issuer is doubling down on its gold bet. On Tuesday, November 11, Tether announced the hiring of two top gold traders from London-based HSBC. HSBC’s global head of…
Bitdeer Technology Group’s week got worse. After the Bitcoin mining company announced a $266 million net loss, its cornerstone investor, Tether, decided to downsize its stake. Summary Bitdeer stock fell sharply Tuesday after Tether trimmed its stake by 7.7 million shares. The sell-off coincided with Bitdeer’s Q3 net loss of $266.7 million, a 422% jump from last year. Tether’s holdings dropped from 38 million to 30.36 million shares, representing an 18% stake. According to a recent filing, Tether has unloaded approximately 7.7 million shares since September, grossing around $166 million and reducing its stake from roughly 23% to 18%. This…
Polymarket is leveraging fantasy sports leader PrizePicks’ user base and regulatory standing as its gateway to re-entering the U.S. market. Summary Polymarket has partnered with fantasy sports leader PrizePicks to re-enter the U.S. market through a regulated framework. The platform will also work with DraftKings, positioning itself as core infrastructure for prediction markets. According to a prepared statement on Nov. 11, PrizePicks will integrate Polymarket’s event contracts into its own platform, offering its users access to a new class of predictions on sports, entertainment, and cultural events. The deal comes as Polymarket, long viewed as a bellwether for prediction trading,…
Solana price could be at risk of more downside in the coming weeks after forming two highly bearish patterns on the daily chart. Summary Solana price has crashed by 38% from its highest point in August. Spot SOL ETFs have accumulated over $342 million in inflows. Technical indicators suggest the token may crash below $100. Solana (SOL), the top layer-1 network, was trading at $158, down 38% from its September high. The ongoing retreat happened even as investors continued buying the recently launched SOL ETFs. Data compiled by SoSoValue shows that the two spot ETFs had $6.78 million in inflows…
ADA price is forming a rising wedge near the $0.61 resistance, a bearish technical pattern that could signal an upcoming correction if momentum fails. Summary ADA forms a rising wedge, a bearish pattern nearing completion. Key resistance lies at $0.61, aligning with Fibonacci and VWAP levels. Breakdown below wedge support could send price to $0.51. Cardano’s (ADA) price action is showing early signs of exhaustion as it approaches a key high-timeframe resistance zone near $0.61. The asset has been forming a rising wedge pattern, a structure often seen before downside corrections. This pattern, coupled with weakening momentum, suggests that ADA may soon face a…
Despite listings on several major exchanges and a $540 million private investment, the Canton Network’s price fell by more than 30% after trading began. Summary Canton Network price fell 30% despite listings on Binance and other major exchanges The project secured a $540 million investment from Tharimmune Canton is a layer one network for institutional finance, bridging tradFi and DeFi In a market eager for infrastructure narratives, the debut of Canton Network’s token (CC) drew significant attention. The layer-one blockchain, backed by a $540 million raise and major exchange listings, promised to be the backbone of on-chain institutional finance, bridging…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. 8lends has launched its ecosystem token 8LNDS on the Base blockchain, introducing a new on-chain reward model that ties token issuance directly to real user activity instead of speculation. Summary 8LNDS cannot be bought, only earned through platform participation, ensuring transparent distribution backed by real USDC rewards. The token’s supply remains capped at 100 million, with every minting matched by a market buy-and-burn to maintain balance and sustainability. Launch campaigns include retrodrop and airdrop rewards for active investors and…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As crypto markets mature in 2025, Mint Miner is redefining cloud mining with AI-driven efficiency, clean energy, and transparent daily earnings for BTC, ETH, and XRP holders. Summary Mint Miner enables users to earn stable daily returns without owning or managing mining equipment. The platform offers flexible contracts powered by green energy and top-tier mining rigs from Bitmain and WhatsMiner. It provides zero service fees, real-time profit tracking, and full principal refunds at contract maturity. In 2025, the cryptocurrency…
Ethena price has dropped nearly 40% over the past two weeks and appears headed for further losses as it approaches a bearish “death cross” pattern. Summary Ethena price is down 20% over the past week. November token unlocks and whale sell-offs largely led to its losses. A bearish “death cross” is taking shape on the daily chart. According to data from crypto.news, Ethena (ENA) has dropped 20% over the past 7 days and nearly 100% from its highest point in September. Trading at $0.31 last check Friday afternoon Asian time, the altcoin shed its market cap from $3.7 billion to…