Latest News

November, 2025

• 7 November

  Elixir Suspends deUSD Support After Stream Finance Suffers $93M Exploit

  

  One bad borrow just nuked a $150M stablecoin. Elixir pulled the plug on deUSD Thursday after Stream Finance—its biggest debtor—admitted a $93 million off-chain wipeout, sending the synthetic dollar to 1.5 cents. “Stream owes us $68M and holds 90% of deUSD ($75M),” Elixir posted on X. “We processed 80% redemptions at $1 before the crash—claims portal drops today for the …
• 7 November

  Japan’s FSA Approves Yen Stablecoin Trial With Three Banking Giants

  

  The yen just got a blockchain upgrade. Japan’s Financial Services Agency (FSA) green-lit the nation’s first megabank stablecoin pilot Friday, uniting MUFG, SMBC, and Mizuho to issue a 1:1 yen-pegged digital token under the Payment Innovation Project (PIP). Kicking off November 2025, the open-ended trial tests instant corporate settlements, cross-border rails, and public-chain bridges—powered by MUFG’s Progmat platform (Ethereum/Polygon/Avalanche/Cosmos). Mitsubishi …
• 7 November

  Global Market Woes Deepen: Asia Stocks, Crypto Fall on Economic Concerns

  

  Risk-off swept Asia Friday as Wall Street’s AI hangover—Nvidia -5%—spilled over. Nikkei 225 cratered 1.7% (905 pts), Kospi -2.4% (96 pts), Hang Seng -0.9% (241 pts) and Shanghai -0.25% on tepid factory data. Thailand’s SET shed 0.8%. “Tech valuations are frothy—shutdown blackout kills US data, traders hit sell,” said QuantumEdge’s Rhea Tan. MSCI ACWI heads for first weekly drop in …
• 7 November

  Columbia Study Claims Polymarket Trading Volume Is Inflated by ‘Wash Trades

  

  Your $100 Trump “Yes” bet? One in four trades on Polymarket may be hot air. Columbia University dropped a bombshell Thursday: 25% of the prediction giant’s three-year volume—$6B+—is pure wash trading, where wallets ping-pong shares to juice stats. Prof Yash Kanoria’s 42-page autopsy (Polygon on-chain data) sliced it: – Sports: 45% fake – Elections: 17% – Politics: 12% – Crypto: …
• 7 November

  Bitcoin Buyers Go All-In: On-Chain Data Reveals Record Accumulation Trend

  

  Bitcoin isn’t crashing—it’s loading. Glassnode’s Accumulation Trend Score just flashed 0.98—the loudest “buy” signal since the 2021 bull. Whales (10–10K BTC) vacuumed 44,800 BTC in 30 days ($4.6B), while 2.1 million new retail wallets pushed non-zero addresses to 56.3 million ATH. “Mid-tier whales are the new kings,” tweeted analyst Ali Martinez. “658K BTC added YTD—supply shock incoming.” BlackRock’s IBIT alone …
• 7 November

  Crypto Market Crash: Why Bitcoin and Altcoins Are Falling on November 7, 2025

  

  Bitcoin refused to blink Friday, hovering at $101,800 (+0.7%) after U.S. spot ETFs snapped a six-day outflow streak with $240M fresh cash—BlackRock’s IBIT alone +$112M. Total crypto cap: $3.71T, barely budged. “Outflows are over—rotation back to BTC,” tweeted Bitwise CIO Matt Hougan as Fidelity (+$62M) and Ark (+$60M) piled in. Glassnode data shows whale accumulation at 7-week highs; miners hold …
• 6 November

  Robinhood Stays Cautious on Digital Asset Treasuries — Steering Clear of the Hype

  

  Robinhood CFO Jason Warnick doubled down on crypto abstinence yesterday, telling Bloomberg TV the firm has zero plans to park corporate cash in Bitcoin or tokenized treasuries—despite rivals stacking sats like it’s 2021. “We’re not MicroStrategy,” Warnick quipped. “Our treasury is for liquidity and buybacks, not moonshots.” Robinhood’s $9.2 bn cash pile stays 100% in short-dated T-bills and money-market funds, …
• 6 November

  Coinbase to US Treasury: Don’t Let GENIUS Act Stifle Crypto Innovation

  

  Coinbase dropped a 38-page bombshell on the U.S. Treasury yesterday, demanding the GENIUS Act be rewritten before it “accidentally bans the next Google.” Chief Legal Officer Paul Grewal told reporters outside Treasury: “One vague sentence could force every DeFi dev to register as a bank. That’s not safety—that’s exile.” The Guardrails for Emerging New Innovations in U.S. Systems Act, introduced …
• 6 November

  Australia Joins Global Crackdown on Lazarus Group Linked to $1.9B Crypto Attacks

  

  Foreign Minister Penny Wong today slapped magnitsky-style sanctions on three Lazarus Group hackers and two front companies, freezing any Australian-held crypto wallets tied to North Korea’s record $1.92 billion digital theft spree. The sanctioned trio — Park Jin-hyok, Jon Chang-hyok and Kim Il — masterminded the 2022 Ronin bridge ($625M), 2023 CoinsPaid ($37M) and July’s WazirX ($235M) raids, Chainalysis confirmed. …
• 6 November

  Bitcoin Rises With Global Stocks as Asia Markets Cheer Positive US Economic Data

  

  Bitcoin surged 2.8% to $101,480 in Asian hours Thursday, riding a wave of risk-on sentiment after U.S. indicators reinforced bets on a Federal Reserve “soft landing.” The ISM Manufacturing PMI beat forecasts at 48.5, while October non-farm payrolls—released late Wednesday—added 180K jobs against 150K expected, with unemployment steady at 4.1%. Wage growth cooled to 3.8% YoY, easing inflation fears and …