Category: crypto

Institutional investors withdrew $1.94 billion from crypto funds in a week, marking the third-largest outflow streak since 2018. Bitcoin and Ethereum were hit the hardest, with XRP defying the trend with inflows of $89.3 million. Despite the recent outflows, year-to-date inflows in crypto assets remain positive at $44.4 billion.

Enso will support the launch of the Monad mainnet on November 24, providing developers with tools for creating applications across trading, lending, bridging, stablecoin minting, and more. Enso’s integration with Monad will streamline the process of building on the new Layer-1 blockchain, allowing for immediate access to necessary resources.

Pump.fun co-founder Sapijiju denied allegations of cashing out stablecoin funds, stating that movements flagged by Lookonchain were part of internal treasury management. Some observers criticized the team’s strategy, while others praised their community engagement. Pump.fun’s ICO raised a significant sum, with some controversy surrounding Gate.io’s cancellation of the token’s pre-market listing.

JPMorgan cut ties with Strike CEO Jack Mallers, who believes it was due to his support for Bitcoin and criticism of Jeffrey Epstein. Mallers claims that the bank closed his accounts citing suspicious activity, but he argues that the real reason was political. The bank’s ties to Epstein have also been questioned.

BNB Chain hosted two events as part of Devconnect Argentina 2025 in Buenos Aires aimed at early-stage Web3 developers to expand the ecosystem. The hackathon included competitions across various categories, access to the $1B Builder Fund, and support from BNB Chain’s infrastructure and security programs. Winners were announced for both the hackathon and Demo Night…

Polymarket, known as the world’s largest prediction market, has received official authorization from the U.S. Commodity Futures Trading Commission (CFTC) to operate as an intermediated trading platform. This approval allows Polymarket to operate under U.S. regulations, offering trading through futures commission merchants and complying with compliance infrastructure requirements.

Fuse Energy is set to launch the ENERGY token in response to the increasing energy demand driven by artificial intelligence. The SEC issued a no-action letter for the launch, highlighting the rising energy needs of AI data centers. The firm aims to use the token to scale the energy grid and address these demands.

Metaplanet is leveraging to acquire more Bitcoin despite market volatility. They borrowed $130 million to add to their $500 million loan facility and announced a $135 million share offering. The firm’s strategy includes using Bitcoin as collateral to sell options, making it a risky but potentially lucrative move.

Naver Financial, a South Korean internet company, plans to launch a stablecoin wallet service called “Silk Pocket” next month in collaboration with blockchain investment firm Hashed. This move reflects the growing trend of South Korean fintech firms expanding their cryptocurrency services, including a recent deal with Upbit.

U.S. Treasury Secretary Bessent emphasizes the need to simplify the Federal Reserve in selecting the next chair. Final nominees include Fed Governors Waller and Bowman, former Governor Warsh, NEC Director Hassett, and BlackRock’s Rieder. Bessent plans to make a nomination before Dec. 25 and highlights concerns about the Fed’s reserves regime.