👀 Ledger Eyes IPO, Prediction Markets Expand, Shutdown Deal Nears

Good Afternoon,

Hope you all had a great weekend! Let’s get right to it, shall we? Ledger hit record revenue and is considering an IPO listing, while Crypto.com pushes forward with prediction markets despite growing regulatory pressure. Meanwhile, Bitcoin and altcoins are rallying on optimism around a U.S. government shutdown deal.

More news below. 😊

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News Roundup

Artificial Intelligence

• OpenAI Letter Reveals Loan Request Days Before Altman’s Denial of Government Aid (Decrypt)

• LlamaAI Turns DeFi’s Data Chaos Into Live, Verifiable Intelligence (DL News)

• The 5 Most Plausible AI Side Hustles of 2025

• Rumble, Northern Data to Merge as Tether Commits $150M to AI Services (The Block)

Decentralized, Centralized, & Traditional Finance

• Ex-Alameda Co-Founder’s Lantern Ventures to Wind Down After Seven Years (CoinDesk)

• Hyperliquid Tests BLP Lending Feature on Hypercore Testnet (MLM)

• Pakistan Weighs Rupee-Backed Stablecoin Amid $25B Crypto Opportunity (Cointelegraph)

• Italy’s Banks Back ECB’s Digital Euro but Seek Gradual Cost Rollout (The Block)

• Crypto Giants Embrace Neobanks as Blockchain Meets Mainstream Finance (DL News)

• Ledger Hits Record Revenue and Eyes IPO Listing (Yahoo Finance)

• Transak CEO: Stablecoin Adoption Will Become ‘Invisible’ to Users (Decrypt)

• dYdX Removes Trading Fees for BTC and SOL Perpetual Markets After Community Vote (dYdX)

Exchanges

• Coinbase Streamlines Transparency With Roadmap-Only Asset Listing Updates (Coinbase)

• CEX Spot Trading Volume Jumps 36% in October, Led by KuCoin’s 240% Surge (Wu Blockchain)

• Coinbase Launches Token Offering Platform, Monad Set for First Sale (The Block)

• Crypto.com Pushes Ahead With Prediction Markets Despite State Crackdowns (DL News)

Exchange-Traded Products

• Bitwise Solana ETF Draws $545M Inflows as Bitcoin, Ethereum Funds Bleed Assets (Decrypt)

• Five XRP Spot ETFs Listed on DTCC Ahead of Possible U.S. Launch (Crypto Briefing)

• From Nov. 3–7, U.S. Bitcoin spot ETFs recorded $1.22 billion in net outflows.

• U.S. Ethereum spot ETFs saw $508 million in net outflows from Nov. 3-7.

• From Nov. 3-7, U.S. Solana spot ETFs posted $137 million in net inflows.

• Global Crypto ETPs See $1.2B Weekly Outflows Amid Post-Crash Volatility (The Block)

Infrastructure

• Trust Wallet Unveils Roadmap to Onboard the Next Billion Web3 Users (Globe Newswire)

• Ethereum’s Fusaka Upgrade to Boost Layer-2 Scalability and Network Efficiency (DL News)

• Ethereum Gas Fees Plummet to 0.067 Gwei as Activity Slows (Cointelegraph)

• The Limits of Fairness in Blockchain Transaction Ordering (Cointelegraph)

Markets

• Tornado Cash Hits $1.5B TVL as $400M Flows In from Richard Heart Wallets (DL News)

• Zcash Rockets to $735 as Short Sellers Face $51M in Liquidations (Decrypt)

• SUI Breaks $2 Barrier With 7% Surge Amid Broader Market Weakness (CoinDesk)

• LayerZero’s $10M Token Buyback Sparks 11% ZRO Rally (The Defiant)

• Crypto Stocks Slide as Macro Jitters and Liquidation Fallout Weigh on Markets (Cointelegraph)

• Bitcoin Struggles to Hold $100K as Market Confidence Wavers (DL News)

• Michael Burry Bets $1.1B Against Nvidia and Palantir, Shakes AI Markets (Decrypt)

• Crypto Markets Rebound After Trump Floats $2,000 ‘Tariff Dividend’ Plan (CoinDesk)

• Over $476M in Token Unlocks Expected This Week: APT, AVAX, ARB Among Major Releases (Tokenomist)

• Bitcoin, Ethereum, and XRP Surge as U.S. Shutdown Deal Nears Completion (Decrypt)

• Bitcoin Rallies as U.S. Shutdown Deal Nears, Analysts See Fresh Bull Run Ahead (DL News)

• Trump-Backed WLFI Token Jumps 29% as Senate Nears Shutdown Deal (Decrypt)

• Trader James Wynn Goes ‘All-In’ on Bitcoin Short After 12 Liquidations in 12 Hours (Cointelegraph)

• Ethena’s USDe Supply Drops 40% as Traders Exit Risky Crypto Bets (DL News)

• Rumble Shares Surge 21% on Tether Partnership and $767M Northern Data Deal (CoinDesk)

• Jim Chanos Closes Strategy Short After Bitcoin Premium Collapses 50% (DL News)

Mining

• 70% of Top Bitcoin Miners Now Earning from AI to Survive Market Downturn (CryptoSlate)

• Bitdeer Q3 Revenue Surges 174% as Bitcoin Holdings Top $214 Million (The Block)

• Greenidge Shares Surge 30% After New York Settles Crypto Mining Permit Dispute (The Block)

Politics & Regulation

• CFTC Chief Caroline Pham Pushes Toward Regulated Crypto Spot Trading (CoinDesk)

• Senate Reaches Bipartisan Deal to End 40-Day Government Shutdown (Politico)

• Japan Weighs New Rule Requiring Crypto Custody Providers to Register with FSA (The Block)

• UK and US Plan Joint Crypto Passporting Sandbox, Says Ex-MP Lisa Cameron (Cointelegraph)

Token Generation Events

• Immunefi to Launch IMU Token Sale Ahead of February 2026 TGE (The Defiant)

• Monad Reveals Tokenomics: Over 50% of MON Supply Locked at Launch (The Block)

Treasuries

• JPMorgan Discloses $102M Stake in Ethereum Treasury Firm BitMine (SEC)

• Cathie Wood’s ARK Invest Buys $2M in BitMine, Sells $30M in Tesla Shares (Cointelegraph)

• Bessent: Trump’s $2,000 ‘Dividend’ May Come Through Tax Cuts (Bloomberg)

• Bitcoin Treasury Stocks May Rebound as Short Seller Closes MSTR Bet (Cointelegraph)

• Strategy Inc Buys 487 BTC for $49.9M via ATM Program (Strategy)

• BitMine Bought 110,000 ETH in Last Week, Now Holds 3.5 Million Ether (CoinDesk)

• Biotech Firm Propanc Secures $100M to Build Crypto Treasury and Fund Cancer Research (The Block)

Venture Capital

• Ripple Tops $666M Week of Crypto Fundraising as VC Flows Double in 2025 (DL News)

Other News

• Balancer Pleads With $100M Hacker to Return Funds or Face Pursuit (Cointelegraph)

• CZ Denies Pardon Deal Rumors, Confirms Meeting With Eric Trump (Fox News)

• Analyst Says Bitcoin Crash Warnings Are Self-Serving Fear Tactics (Cointelegraph)

• Cardsmiths’ New Trading Cards Hide Over $500K in Real Crypto Prizes (Decypt)

• Mistrial Declared in $25M Ethereum ‘MEV Brothers’ Fraud Case After Jury Deadlock (The Block)

• FTX Completes $7.1B in Creditor Payouts, Next Round Set for January 2026 (Sunil)

• Spain Arrests Alleged Mastermind of €260M Crypto Ponzi Scheme ‘Madeira Invest Club’ (CoinDesk)

• Japan DAO Unites Anime and Web3 to Build Community-Owned IP Ecosystem (CoinDesk)

• Square Enables Bitcoin Payments for 4 Million U.S. Merchants (Bitcoin Magazine)

• $500M Crypto Scammer Found Butchered in UAE Desert With Wife (DL News)

Check This Out!

The chart from BofA Global Investment Strategy shows AI and Bitcoin as major recent technological disruptions, ranking among the technologies with the steepest waves of innovation and adoption in the past 1,000 years.

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