τ TAO Stakers, Hedge Funds, & Tokenized Stocks

Good Afternoon,

Happy Friday! Crypto continues to evolve across both decentralized networks and traditional finance. Bittensor has introduced “Root Claim,” a new mechanism that allows root TAO stakers to earn alpha without taking on added risk. Meanwhile, more than half of traditional hedge funds now hold crypto, and Bybit is partnering up with Backed to launch tokenized Nvidia and Strategy stocks on Mantle.

More news below! 👇

No MEV. No Gas

CoW Swap blocks MEV so bots can’t front-run your trades. Keep more of every swap.

Trade Smarter

News Roundup

Artificial Intelligence

• Google DeepMind’s AlphaEvolve Cracks Unsolved Math Problems (Decrypt)

• Study Warns: AI Trading Bots Show Signs of Gambling Addiction (Decrypt)

• Microsoft’s AI Shopping Agents Blow Their Budgets on Scams (Decrypt)

• Bittensor’s New “Root Claim” Lets TAO Stakers Earn Alpha Without Added Risk (TAO Daily)

• Google Links AI-Powered Malware to North Korean Crypto Theft Campaigns (Decrypt)

• Microsoft Apologizes to Australian Users Over AI Pricing (Decrypt)

• Pope Leo Calls on Tech Leaders to Build ‘Morally Grounded’ AI (Decrypt)

• Experts Warn AI Trading Bots Aren’t ‘Money Printers’ Despite Hype (Cointelegraph)

Decentralized, Centralized, & Traditional Finance

• Bank of England Defends ‘Multi-Moneyverse’ Vision After Farage’s Crypto Criticism (DL News)

• RedStone Launches DeFi Risk Ratings After $20B Market Meltdown (Cointelegraph)

• Aave’s Horizon RWA Market Tops $540M, Adds VanEck Treasury Fund (The Defiant)

• Compound Restores Withdrawals After Stablecoin Market Pause (The Defiant)

• Elixir Winds Down deUSD After Stream Finance Collapse (The Block)

• Jack Dorsey’s Block Pulls in Nearly $2B in Bitcoin Revenue, But Misses Key Profit Targets (The Block)

• Stable Halts Deposits After Phase 2 Vault Glitch and Website Crash (The Defiant)

• Japan’s Financial Regulator Backs Megabanks’ Joint Stablecoin Initiative (CoinDesk)

• Ark Invest Buys $9M in BitMine Shares After Trimming Bitcoin Forecast (Decrypt)

• Ripple Dismisses IPO Plans Despite $500M Raise at $40B Valuation (Bloomberg)

• Japan Moves to Tighten Crypto Lending Rules, Eyes IEO Investment Caps (CoinPost)

• Over Half of Traditional Hedge Funds Now Hold Crypto (Cointelegraph)

• Bybit, Backed Partner to Launch Tokenized Nvidia and Strategy Stocks (The Block)

• Trump Media Reports $54.8M Q3 Loss Despite $2B Bitcoin Investment (Decrypt)

Exchanges

• Bittrex Bankruptcy Filings Show $500M in ‘Fabricated’ Transactions (DL News)

• Binance Proof of Reserves Shows Full Backing Across Major Assets (Binance)

Exchange-Traded Funds

• Bitwise Files 8(a) Form for Spot Dogecoin ETF, Triggering 20-Day SEC Window (SEC)

• U.S. Bitcoin spot ETFs saw $240 million in net inflows on November 6.

• On November 6, U.S. Ethereum spot ETFs posted $12.51 million in net inflows.

• U.S. Solana spot ETFs recorded 29.22 million in net inflows on November 6.

• Crypto ETFs Rival Bonds as Nearly Half of Investors Plan to Buy, Says Schwab Report (Cointelegraph)

• JPMorgan Increases Bitcoin ETF Holdings 64% to $343M (Bitcoin Magazine)

Infrastructure

• 1.5M ETH Now Waiting to Stake as Ethereum Validator Queue Grows (The Block)

Markets

• FanDuel, DraftKings Race to Catch Prediction Market Boom (Decrypt)

• Traders Turn Bearish on Bitcoin, Bullish on Zcash in Myriad Prediction Markets (Decrypt)

• MyPrize Partners With Crypto.com to Launch In-App Prediction Markets (Decrypt)

• XRP Whale Selling Slows as Wallet Growth Hits 8-Month Peak (Cointelegraph)

• Ethereum Sentiment Turns Bullish as Wider Crypto Market Stays in ‘Extreme Fear’ (Cointelegraph)

• Zcash Nears Top 10 as Market Cap Soars Past $10.6B in Privacy Coin Revival (Cointelegraph)

• Bitcoin Slips Under $100K Again in ‘Mid-Cycle Shakeout’ (Decrypt)

• XRP Falls 9% After Ripple’s Swell Event as Bear Flag Breakdown Targets $1.65 (Cointelegraph)

• U.S. Consumer Sentiment Falls to 50.3 as Inflation Expectations Rise (University of Michigan)

• Bitcoin Hovers Around $100K as Analysts Signal Start of ‘Bottoming Phase’ (Cointelegraph)

Meme Coins

• Elon Musk’s $1T Pay Package Triggers ‘TRILLIONS’ Memecoin Frenzy (CoinDesk)

Politics & Regulation

• Circle Urges ‘Simple, Strong Rules’ for Stablecoin Oversight Under GENIUS Act (Cointelegraph)

• Japan Launches Working Group to Draft Tokenization Law (Cointelegraph)

• South Korea Weighs Sanctions on North Korea After U.S. Crypto Crackdown (Decrypt)

• EU Weighs Delaying AI Act Enforcement Amid U.S. and Big Tech Pressure (Cointelegraph)

• Senate Market Structure Bills Face Delays as Markups Likely Slip to December (Crypto in America)

• Finland to Roll Out Crypto-Asset Reporting Framework in 2026 (Bloomberg)

Token Generation Events

• MegaETH ICO Sparks Backlash Over Allocation Fairness (The Defiant)

Treasuries & Reserves

• Tether Wallet Adds 961 BTC Amid Market Dip, Now 6th Largest Holder (EmberCN)

• Kazakhstan to Launch $1B National Crypto Reserve Fund by 2026 (Bitcoin Magazine)

• Tether Moves $97M in Bitcoin to Reserve Wallet, Boosting Holdings to $8.9B (The Block)

• Strategy Raises $715M in Preferred Stock Offering to Fund Bitcoin Purchases (Strategy)

• American Bitcoin Corp Grows Reserves to 4,004 BTC, Lifts SPS Metric (Bitcoin Magazine)

Venture Capital

• Robot Ventures Leads $5.2M Seed Round for Sprinter, a ‘Solving-as-a-Service’ Startup (The Block)

• Stripe-Backed Tempo Invests $25M in Commonware (The Block)

Other News

• Crypto Influencer Wins $200K Bet Predicting Bitcoin’s Drop Below $100K (Decrypt)

• $100B in Dormant Bitcoin Moves as Debate Flares Over ‘OG’ vs. Trader Selling (Cointelegraph)

• Binance, Buenos Aires Team Up for Responsible Crypto Adoption (Decrypt)

• Hong Kong Charges Influencers Over JPEX Crypto Scam Promotions (Cointelegraph)

• Jurors Seek Clarity in $25M Ethereum MEV Bot Fraud Trial (Cointelegraph)

• Tom Brady’s Cloned Dog Sparks Ethics Debate (Decrypt)

• Crypto Tracing Leads to Global Child Abuse Network Takedown (Decrypt)

• ZachXBT Warns of Fake Hyperliquid Apps on Google Play (ZachXBT)

• Bybit Hack Prompts SafeWallet to Overhaul Security Architecture (Cointelegraph)

Check This Out!

$TRX trading volume hit a yearly high of $82 billion in Q3, driven by strong spot activity and massive gains in perpetual futures trading on KuCoin (+288%), Hyperliquid (+278%), and Gate (+180%), while Bitget maintained the deepest market liquidity.

Meme of the Day

Rate Today’s Edition

Share this newsletter, claim your reward! 🎁 

Participate in the On & Off Chain referral program by sharing the newsletter with your friends to claim your reward:

• ✌️2 referrals: A personal shoutout in On & Off Chain

Must be subscribed