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After Howard Lutnick became the Secretary of Commerce in the Trump administration, his family's investment bank, Cantor, is heading toward its most profitable year ever.
Quick Take The Filecoin Onchain Cloud is a decentralized platform designed to support “full cloud workloads” from storage and retrieval to transformations and processing. Several teams, including ENS and Safe, are testing decentralized frontends.
Quick Take More than $1 billion in crypto liquidations have occurred in the last 24 hours, with long positions accounting for the majority of the wipeout. Analysts warn that BTC must reclaim $95,000–$100,000 to avoid further structural weakening as onchain stress and ETF flows intensify.
Bitcoin fell below $92,300 as a congressional probe into President Trump triggered risk-off sentiment. Short-term holders transferred over 65,000 BTC to exchanges, adding $610 million in potential sell pressure.
Quick Take Senate Banking Chair Tim Scott said he aims to have committees vote on the crypto market structure bill next month. Scott added that he hopes to bring the bill to the Senate floor in early 2026 for President Trump’s sign-off.
Quick Take The Sky community voted to allocate up to $2.5 billion to projects incubated by the Framework-backed Obex initiative. Framework is co-leading the $37 million funding round into the Obex incubator with LayerZero and Sky Ecosystem.
