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Nic Carter, a general partner at Castle Island Ventures, said many digital asset treasury companies holding Bitcoin as a treasury asset offer no clear investment value compared with spot Bitcoin ETFs, The Defiant reported. Carter said the additional value most Bitcoin treasury firms provide to investors is unclear, adding that buying their shares exposes investors to Bitcoin price swings as well as risks tied to management decisions, capital raising, debt and operating costs. By contrast, spot ETFs allow direct exposure to Bitcoin’s price without risks tied to corporate operations.

The U.S. Commodity Futures Trading Commission and the federal government have sued to prevent Louisiana’s gambling laws from being applied to federally regulated prediction market platforms, The Defiant reported. The move follows a state court’s temporary order restricting the operations of prediction market businesses. Earlier, Louisiana’s 21st Judicial District Court granted a request from state authorities and issued a temporary restraining order against 32 prediction market-related businesses. The order barred them from offering, listing, clearing or brokering event contracts for Louisiana residents without a valid state license, as well as from supporting related services. It covered a range of event contracts tied not only to sports, but also to elections, award ceremonies and other events.

Forward Industries, a Solana treasury strategy company, denied claims that it transferred about $123 million worth of SOL, The Defiant reported. On-chain tracking firms recently linked the movement of about 1.78 million unstaked SOL to a treasury wallet associated with Forward Industries, with the tokens valued at about $123 million. While the unstaking and fund transfers can be verified on-chain, debate continues over whether the wallet in question is actually owned by Forward Industries.

Tom Lee, chief investment officer at Fundstrat Capital and chairman of Bitmine, has maintained a long-term bullish view despite the recent crypto market slump, Bitcoin.com reported. Lee said a “supercycle” that surpasses past bull markets could emerge as traditional finance accelerates blockchain adoption and the tokenization of real-world assets. He pointed to Nvidia-related selling, Asian retail investors’ retreat from risk assets, possible fund shifts ahead of Anthropic’s IPO, and the redeployment of funds tied to the Binance hack as recent drivers of the decline. Lee also analyzed that investors who recently recovered funds after the Binance hack may have moved money out of speculative crypto assets and into cash and stablecoins. He added that advances in AI technology and security concerns have also weighed on investor sentiment.

An anonymous trader claimed to have made more than $6 million by buying meme coins CASHCAT and PONS before their official listing announcement on Robinhood Chain. According to The Block, the trader said the purchases were not based on insider information but on an analysis of public code changes at BitGo and on-chain trading flows from market maker Wintermute. The Block said it verified some of the public records presented by the trader and also identified wallet activity consistent with the trading timeline. However, it said it could not verify the actual size of the profits, meaning the more than $6 million figure remains solely the trader’s claim for now.

State Street, which manages $6.3 trillion in assets, disclosed an additional purchase of 177,191 shares of Bitcoin accumulation company Strive (ASST) worth $3.7 million, bringing its total holdings to 1.68 million shares worth $35.2 million, according to BitcoinTreasuries.

MSCI’s decision to remove Strategy (MSTR) from its global stock indexes after the Nov. 30 close could trigger roughly $2 billion to $3 billion in forced selling of MSTR as passive funds exit, CryptoPotato reported. The selling pressure may extend beyond a share-price decline. Strategy has raised funds by issuing common stock and other securities and used the proceeds to buy more Bitcoin. If MSTR shares fall sharply and the stock’s premium to the net asset value of its Bitcoin holdings narrows, raising funds through common stock issuance could become less attractive. Existing shareholders could also face greater dilution pressure. The decision does not directly affect Strategy’s Bitcoin holdings. Still, it could weaken one of the company’s main channels for funding Bitcoin purchases, which may also affect other companies that have adopted crypto treasury strategies.

Solflare has launched 'Private Mode,' a feature that lets users hide the asset type and transaction amount during Solana payments, The Defiant reported. Built on Helius technology, the feature keeps asset and amount details private in transaction records, although wallet addresses remain public, meaning it does not provide full anonymity. Public balance information is also still required when using token swaps and staking.

Cardano founder Charles Hoskinson and Cardano Foundation CEO Frederik Gregaard have publicly clashed over the network’s performance and the foundation’s accountability, BeInCrypto reported. The dispute expanded beyond how to assess the ADA ecosystem’s progress to the ownership structure of Veridian, a for-profit company launched by the foundation. Gregaard highlighted Cardano’s entry into the multi-client node era, the start of ADA futures trading on CME, and the adoption of CIP-0113, a token standard that applies transfer rules to native assets. He also argued on-chain metrics alone are not enough to evaluate Cardano’s performance, while citing partnerships with Petrobras and UCLA. Hoskinson, however, criticized Gregaard for not mentioning Midnight, a privacy-focused partner chain and a key Cardano ecosystem project. Hoskinson also raised accountability concerns, saying the community should be able to oversee the foundation through its board because the organization operates with community funding. At the center of the dispute is Veridian, a digital identity company the foundation spun off in October. Gregaard said 850,000 Veridian shares were tokenized as ledger-based securities under Swiss law. Hoskinson in turn questioned who owns those shares after the foundation spun Veridian off as a for-profit company.

Luxor said a security breach involving Commander, its mining management software, caused clients’ hashrate to be redirected without authorization to another mining pool. The company said the incident affected more than 10 customer accounts, with their hashrate switched to a different mining pool without permission. Luxor said it applied a security patch within two hours of identifying the vulnerability and will fully compensate all affected clients for mining revenue lost during the incident period. Hackers hijacked about 64,000 mining machines and directed 13 EH/s of hashrate to the OCEAN pool, but did not mine a single block.

Democratic U.S. Sen. Richard Blumenthal has called for a congressional investigation into alleged ties between the Commodity Futures Trading Commission and prediction market platform Kalshi, Bitcoin.com reported. The concerns come amid allegations that prediction market platforms such as Kalshi and Polymarket gained operational advantages from regulatory actions under the Trump administration. Citing a recent Wall Street Journal report, Blumenthal raised the possibility that the CFTC responded in a way that favored Kalshi during the rollout of the platform’s perpetual futures product. According to the report, Kalshi canceled an event planned at a luxury penthouse in Brooklyn after the CFTC did not promptly announce approval of the new perpetual futures product. Tarek Mansour, Kalshi’s CEO, then called CFTC Chairman Michael Selig to complain, the report said. Blumenthal argued the report signaled possible improper compromise between the regulator and prediction market operators. He criticized the CFTC for approving a broad range of betting products tied to stocks and cryptocurrencies while putting industry interests ahead of consumer protection, and urged Congress to respond.

A hack at DeFi lending protocol Kava Lend over the weekend drained about 55.2 million KAVA tokens, NewsBTC reported. The attack was traced to an accounting calculation flaw that abnormally inflated collateral values by exploiting balances in the thinly traded BUSD lending market. BUSD, a stablecoin whose issuer halted new issuance in 2023, had seen little trading activity in that market. The attacker was said to have inflated the accounting value of deposits to around 243,000 times their actual value by pushing valid net supply extremely low. The attacker then carried out 127 KAVA borrowing transactions and withdrew about 55.2 million tokens from the lending pool. Based on KAVA’s pre-attack price, the haul was worth about $3.76 million. The attacker later moved about 49.2 million KAVA to BNB Chain through LayerZero and appears to have secured about $2.09 million worth of BNB and USDT during large-scale sales. As of now, no detailed incident investigation report or recovery plan has been disclosed.

Binance founder Changpeng Zhao said no one knows for certain why cryptocurrency prices fell, but outlined six potential reasons: - Capital may have shifted to the Anthropic IPO - ETF outflows - Security concerns - A higher likelihood of additional Federal Reserve rate hikes amid high U.S. inflation - Political uncertainty tied to the midterm election results - Zhao recently secured stablecoins and bought cryptocurrencies a few days ago

Binance co-founder Zhao Changpeng denied rumors that the exchange sold cryptocurrencies over the weekend, The Block reported. Bitcoin faced $2 billion in selling pressure over the weekend.

Bitcoin smart contract platform Stacks said on its website that Bond 2, its second BTC staking product, sold out after attracting 505 BTC within 30 days of launch. Stacks said the product lets BTC holders keep assets on Bitcoin layer one while earning BTC rewards. A total of 1.21 BTC in rewards was paid to staking participants during the period. Stacks said Bond 2 drew more than twice the amount of BTC raised by the previously launched Genesis Bond, while 21Shares took part for the second time and Stacking DAO and Xverse also participated.

According to CoinNess market monitoring, BTC has fallen below $65,000. BTC is trading at $64,992.1 on the Binance USDT market.

According to CoinNess market monitoring, BTC has risen above $66,000. BTC is trading at $66,002.74 on the Binance USDT market.

According to CoinNess market monitoring, BTC has risen above $65,000. BTC is trading at $65,011 on the Binance USDT market.

According to CoinNess market monitoring, BTC has fallen below $64,000. BTC is trading at $63,985.64 on the Binance USDT market.

Major exchanges have seen $110 million worth of futures liquidated in the past hour. In the past 24 hours, $2,024 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has risen above $65,000. BTC is trading at $65,005.01 on the Binance USDT market.

Major exchanges have seen $114 million worth of futures liquidated in the past hour. In the past 24 hours, $2,164 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,106 on the Binance USDT market.

BTC has risen by 1.52% in the past five minutes on the Binance USDT market. Currently, BTC is trading at $63,825.53.

ZEC has risen by 3.17% in the past five minutes on the COINNESS market. Currently, ZEC is trading at $877.55.