🟡 Binance Faces Lawsuit, Polymarket Cleared for U.S. Expansion

Good afternoon,

Fresh headlines are shaking up markets. Binance faces a new lawsuit over alleged ties to Hamas-linked crypto transfers, while VanEck makes waves with a new spot BNB ETF filing. Meanwhile, Polymarket secures CFTC approval to expand its U.S. footprint.

Unpack this and more below! ^👇

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News Roundup

Artificial Intelligence

• Ubisoft Reveals AI-Powered Game Demo Featuring Real-Time Voice Interaction (Decrypt)

• Musk Says X and Tesla Data Give His AI Effort an Edge in Race to AGI (Decrypt)

• Cameo Wins Temporary Block Against OpenAI’s Use of Its Trademark in Sora Video Tool (Decrypt)

• Chutes AI Promises 50× Cost Savings on Reasoning Models (TAO Daily)

• Anthropic Launches Claude Opus 4.5 With Top Coding Scores and 67% Price Cut (Decrypt)

Decentralized, Centralized, & Traditional Finance

• CME Crypto Derivatives Hit Record Volumes Amid Market Volatility (The Block)

• Naver Financial to Launch Stablecoin Wallet in Busan Amid Upbit Merger Plans (The Block)

• Klarna to Launch USD Stablecoin via Stripe’s Bridge on Tempo Blockchain (CoinDesk)

• Paxos Acquires DeFi Wallet Startup Fordefi for $100M+ (The Block)

• Anchorage Digital to Offer 'Rewards' on Stablecoins via Separate Entity to Comply With U.S. Law (CoinDesk)

• JPMorgan Bets on Bitcoin Swings With New Derivative Note (The Block)

• U.S. Bancorp Tests Stablecoin on Stellar Blockchain (Bloomberg)

• MegaETH's USDm Stablecoin Launch Stumbles Amid Cap Confusion and Bridge Outage (The Block)

• MoonPay Secures New York Trust Charter, Joining Elite Group (The Block)

Exchanges

• Kontigo Halts US-Bank Services for Venezuelans Amid Escalating Geopolitical Strains (DL News)

• Binance Hit With New Lawsuit Alleging Role in Hamas-Linked Crypto Transfers (Decrypt)

• Kraken Expands Krak App With Debit Card and 10% Yield Vaults (DL News)

• Upbit May Appeal $25M Fine from South Korea’s FIU (CoinDesk)

• Naver Moves Closer in Acquiring Upbit Operator Dunamu (DL News)

• Coinbase to Launch Spot Trading for Irys (IRYS) Today (Coinbase)

Exchange-Traded Funds

• Bitwise Files for Dogecoin ETF Under Ticker $BWOW (Bitwise)

• U.S. Bitcoin spot ETFs registered $151 million in net outflows on Nov. 24.

• On Nov. 24, U.S. Ethereum spot ETFs saw $96.67 million in net inflows.

• U.S. Solana spot ETFs recorded $57.99 million in net inflows on Nov. 24.

• On Nov. 24, U.S. XRP spot ETFs posted $164 million in net inflows.

• VanEck Files for Spot BNB ETF, Aiming to List ‘VBNB’ on Nasdaq (SEC)

• First U.S. Spot Dogecoin ETF Launches With $1.4M in Trading Volume (The Defiant)

• Bitwise Dogecoin ETF Gets NYSE Arca Green Light, Set to Launch Wednesday (The Block)

Infrastructure

• Exodus to Acquire W3C for $175M in Push Toward Full Crypto Payments Stack (The Block)

• Cardano Chain Split Sparks Controversy and FBI Involvement (DL News)

Markets

• Monad Token Rallies 46% Post-Coinbase Launch Amid High Retail Demand (The Block)

• IBIT Short Interest Plunges as Traders Exit Bearish Bets Amid Bitcoin Rebound Hopes (The Block)

• XRP Rallies as Franklin Templeton Launches New ETF on NYSE (Decrypt)

• Galaxy Digital Explores Market-Making Role in Prediction Markets (Bloomberg)

• Bitcoin Climbs Past $88K as Market Sentiment Shifts From Panic to Patience (Decrypt)

• BitMine, Strategy, and SharpLink Stocks Lead Crypto Equity Rally as Institutions Pile In (Cointelegraph)

• U.S. September PPI Rises 2.7% YoY, Meets Expectations (BLS)

• Binance BTC Perp Long/Short Ratio Hits 3.87, Highest in 3 Years (The Block)

• Polymarket Gets CFTC Green Light for U.S. Expansion (PR Newswire)

• Nasdaq Biotech Firm Invests $212M in Rain Protocol Prediction Market (DL News)

• Monad Token Soars 78% Post-Launch, Boosted by Market Recovery (DL News)

• Nvidia Shares Slide Over 6% Amid Google-Meta AI Chip Deal Talks (Crypto Briefing)

• SGX Launches Bitcoin and Ethereum Perpetual Futures With $35M in Day-One Volume (CoinDesk)

Meme Coins

• Trump-Linked Crypto Project Boosts Bizarre Memecoin, Triggering 130% Rally (The Block)

Politics & Regulation

• Stand With Crypto Surveys Candidates Ahead of 2026 Midterms (The Block)

• Fuse Crypto Wins SEC No-Action Relief for Green Energy Rewards Token (The Block)

• Trump Launches 'Genesis Mission' to Harness AI for Scientific Breakthroughs (Decrypt)

• Japan Plans to Require Reserve Funds for Crypto Exchanges to Boost Customer Protection (Nikkei)

• UAE Expands Crypto Regulation to Encompass DeFi and Web3 Under New Law (Cointelegraph)

• Hassett Emerges as Leading Candidate for Trump’s Fed Chair Pick (Bloomberg)

Token Generation Events

• Monad’s MON Token Launches with $4B Valuation Amid High Expectations (Decrypt)

Treasuries & Reserves

• Strategy Pauses Bitcoin Buying Amid Stock Slump and Index Removal Fears (Decrypt)

• MetaPlanet Draws $130M From Credit Line to Buy More Bitcoin and Expand Operations (MetaPlanet)

• Capital B Buys More Bitcoin, Now Holds 2,823 BTC With 1,658% YTD Yield (Capital B)

• Texas Becomes First U.S. State to Buy Bitcoin for Strategic Reserve (Crypto Briefing)

Venture Capital

• Crypto VC Funding Hits $4.6B in Q3, Second-Highest Since FTX Collapse (Cointelegraph)

Other News

• Brutal Bitcoin Wrench Attack in Canada Leaves Family Traumatized (Decrypt)

• Who Is Chen Zhi? Cambodian Tycoon Behind $15B in Crypto Scams (Wu Blockchain)

• How Aethir Became DePIN’s Top Compute Platform Through Scale and Enterprise Focus (Aethir)

• Tracking Crypto Whales During Holidays: A Beginner’s Guide (Cointelegraph)

• Sunny Lu Turned a Bitcoin Scam into a Blockchain Success (Cointelegraph)

• South Korean Man Jailed for Laundering $2.9M in Crypto via Fake Trading Site (DL News)

Check This Out!

Odds of a December Federal Reserve rate cut have jumped to 84.7%, up from 50.1% just last week.

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