Category: crypto

Cypherpunk Technologies rebranded and invested $50 million in acquiring 203,775 Zcash tokens, backed by a $58.88 million private placement led by Winklevoss Capital. They believe in the importance of privacy in financial transactions and see Zcash as a strategic hedge against the transparency of other systems. Their pivot to focus on Zcash comes amid a…

A report by Bybit’s Lazarus Security Lab found that 16 major blockchains can freeze funds, with 19 more able to do so with minor changes. BNB, VeChain, and CHILIZ are among those that can freeze accounts, with some already using this function after hacks. Blockchain decentralization may be compromised.

Canton Network integrates Franklin Templeton’s Benji platform to expand institutional adoption of tokenized investment products. The integration adds to the platform’s support from institutions like BitGo. The collaboration aims to bring regulated financial instruments onchain while meeting regulatory and privacy requirements. The global value of real-world assets onchain is over $35 billion.

TeraWulf shifted away from Bitcoin mining to focus on high-performance computing (HPC) for artificial intelligence, following a trend among blockchain firms. As demand for AI increases, miners are finding HPC more profitable. While TeraWulf plans to continue Bitcoin mining until 2026, HPC remains their main priority for growth.

Curve Finance experienced significant growth in the third quarter of 2025, with revenue more than doubling to $7.3 million. Trading volume on the platform also surged to $29 billion, driven by stablecoin demand. The platform’s native stablecoin, crvUSD, remained strong, with plans for integration with Yield Basis and expansion to new chains.

Polymarket is using PrizePicks’ user base and regulatory standing to re-enter the U.S. market. The partnership will integrate event contracts into PrizePicks’ platform, offering predictions on various events. Polymarket is also working with DraftKings to become a core infrastructure for prediction markets, showing significant growth and attracting institutional capital.

Internet Computer and NEAR Protocol, two top artificial intelligence-related cryptocurrencies, experienced significant drops on Nov. 11. SoftBank Group sold all its Nvidia stake, causing NVDA stock to plummet. ICP and NEAR prices fell, as did other AI tokens, with the overall market cap dropping by 7%. Bitcoin also saw fluctuations.

Bitdeer Technology Group faced a challenging week as Tether, its cornerstone investor, reduced its stake by 7.7 million shares following Bitdeer’s announcement of a $266 million net loss. This led to a significant drop in Bitdeer’s stock price, which closed at $15.02 per share, down 14.9%.

Tether hired two senior executives from HSBC, a bank known for overseeing a large gold vault. The stablecoin issuer currently holds over $12 billion in physical gold reserves, with plans to expand. This move comes as Tether increases its gold holdings and becomes one of the largest non-state buyers of gold.

Coinbase has called off its $2 billion acquisition of BVNK, a U.K.-based stablecoin startup, after weeks of exclusivity discussions and due diligence. The deal would have been Coinbase’s largest move into the stablecoin market, but the decision to end talks has caused COIN shares to drop. Despite this, Coinbase remains interested in expanding its stablecoin…