Day: November 20, 2025

Kalshi Reportedly Raises Another $1 Billion for $11 Billion Valuation

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Predictions market platform Kalshi has reportedly raised an additional $1 billion from at least two venture capital firms, increasing its valuation to $11 billion. Kalshi’s latest funding round was led by Sequoia Capital and CapitalG, according to a report on Thursday from TechCrunch that cited a person familiar with the matter. Andreessen Horowitz (a16z), Paradigm, Anthos Capital and Neo were among the other Kalshi investors that sat out on the latest $1 billion funding round. It comes about a month after Kalshi raised $300 million in October as it expanded…

Bitcoin Plunges to $86K as OG Whale Sells Off All $1.3 Billion BTC Holdings

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BTC is down to a new seven-month low. Bitcoin’s price actions took another turn for the worse over the past few hours, as the asset plummeted further to $86,000 on most exchanges for the first time since April. This means that the cryptocurrency has neared a main support line according to numerous analysts, but the more worrisome part is the behavior of some whales. Data shared by Arkham shows that Owen Gunden, a well-known Bitcoin OG who has held the asset for 14 years, has been on a massive…

Ex-prosecutor Denies Promising Not to Charge FTX Exec’s Partner

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Danielle Sassoon, one of the US attorneys behind the prosecution of former FTX CEO Sam “SBF” Bankman-Fried, took the stand in an evidentiary hearing involving a deal with one of the company’s executives.  In a Thursday hearing in the US District Court for the Southern District of New York, Sassoon testified about the guilty plea of Ryan Salame, the former co-CEO of FTX Digital Markets, which resulted in his sentencing to more than seven years in prison.  According to reporting from Inner City Press, Sassoon said that her team would…

Here’s How High The XRP Price Needs To Be To Flip Bitcoin

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The conversation around XRP has grown louder in recent months as the asset continues to gain traction through ecosystem growth, Spot XRP ETFs, and market interest. Despite this momentum, XRP still sits far below Bitcoin, the industry’s dominant cryptocurrency, when comparing total valuation.  That gap raises a simple question: how high would the XRP price need to climb in order to actually flip Bitcoin? Data from MarketCapOf provides a direct, real-time look at what XRP’s price would be if it matched Bitcoin’s market capitalization today. The Market Cap Required To…

Here’s How It’s Going So Far

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Here’s how Bitwise’s XRP ETF is doing so far during its launch day. The third-largest non-stablecoin cryptocurrency has another exchange-traded fund tracking its performance going live today on Wall Street. After Canary Capital’s launch last week, Bitwise’s XRP ETF hit the New York Stock Exchange under the XRP ticker as of this morning. The company behind the asset described it as a “milestone day for the XRP community,” and outlined some of the most notable facts about Ripple and its native token. Milestone day for the XRP community! This…

SEC Crypto Task Force To Host Privacy and Financial Surveillance Roundtable

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The US Securities and Exchange Commission’s Crypto Task Force has scheduled a roundtable discussion centered on privacy and financial surveillance for December, as a renewed focus on privacy grips the cryptocurrency industry. The privacy roundtable is slated for Dec. 15. Like other SEC roundtables, crypto industry executives and SEC officials will discuss common pain points and solutions, but no hard policy proposals will be submitted.  Privacy has become a hot-button topic following several developments, including the partial guilty verdict in Tornado Cash developer Roman Storm’s trial in June, the Samourai…

Ethereum Treasury Companies Slip Underwater As ETH Price Trades Below $3K

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Key takeaways: Ethereum treasury companies are sitting on millions of dollars of unrealized losses, raising concerns about their sustainability. Ethereum treasury companies trading below NAVs signal eroding confidence, potentially pressuring ETH price further. An ETH price fractal hints at $2,500 as the 200-week moving average becomes the last line of defense. Ether (ETH) fell 30% over the past 30 days, dropping below $3,000 to a four-month low of $2,806 on Thursday. Technical indicators and institutional demand are leaning bearish, increasing the odds of a further correction below $2,500. Ether price…

NMR token Soars as Numerai Raises $30M at $500M Valuation

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Numerai raised $30 million in a Series C round led by top university endowments, giving the AI-driven, crypto-incentivized hedge fund a $500 million valuation — five times its valuation in 2023. Following the announcement, Numeraire (NMR), the token that powers the platform’s crowdsourced prediction network, jumped over 40%, according to CoinGecko data. Source: CoinGecko The raise drew participation from existing backers such as Shine Capital, Union Square Ventures and Paul Tudor Jones. The company said it has expanded assets under management (AUM) to $550 million from about $60 million over…

Coinbase Launches ETH-backed Loans as Onchain Lending Grows

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Coinbase has launched Ether-backed loans for US users, allowing customers to borrow USDC against their ETH holdings without selling, in a new offering powered by Morpho and running on Base. The exchange said the product is available across most US states, except New York, with variable rates and liquidation risk tied to market conditions. Users can borrow up to $1 million in USDC (USDC) stablecoin. Source: Coinbase Coinbase plans to expand the program to other assets, including loans backed by its staked Ether (ETH) token, cbETH. The new product is being…

Classic Bottom? ETH Hits $2.8K Realized Price as Whales Accumulate

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Ethereum briefly dropped to $2,872, tagging a key on-chain support zone that analyst MAC_D says resembles a “classic bottom.” Ethereum (ETH) briefly touched a critical low of $2,870 on Wednesday, testing a vital on-chain support level that has historically signaled market bottoms. According to an on-chain assessment by analyst MAC_D, this price point represents a cluster of the ‘realized price’ for both retail and large-scale investors, suggesting a potential foundation for a rebound is forming even as smaller wallets sell off. $2.8K Realized Price Cluster Marks “Classic Bottom” Zone…