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Enhanced liquidity does not necessarily indicate a bullish crypto market.
Quick Take World Liberty Financial plans to roll out its own debit card “very soon,” with Apple Pay integration linked to its USD1 stablecoin, the project’s co-founder Zak Folkman said. Patrick Witt, the executive director of the White House Council of Advisors on Digital Assets, said he expects a sweeping crypto market structure bill to pass before the end of 2025.
Quick Take The combined company will hold nearly 11,000 BTC once finalized, making it the 12th-biggest public-traded corporate bitcoin treasury. The deal could position Strive as the sector’s “consolidator of choice,” according to Benchmark analysts.
Quick Take Crypto’s rich list now comprises 36 billionaires and 241,700 millionaires, according to a new wealth report. The number of crypto millionaires has increased by 40% year-over-year, primarily driven by bitcoin investors, with global adoption now estimated to reach 590 million people.
UXLINK reported a multi-sig wallet breach, but the bigger twist is the hacker got scammed and lost $48 million to a phishing scam.
Quick Take Tether is said to be in talks with investors to raise as much as $20 billion at around a $500 billion valuation, according to a report from Bloomberg. Cantor Fitzgerald, said to be a Tether shareholder, is advising the potential deal, the report said.
Quick Take Australia-based Fitell Corporation has secured a $100 million “financing facility” to accumulate Solana as part of its new digital asset treasury strategy. The company has been operating as a provider of fitness equipment and health solutions.
Ripple’s launch of its RLUSD stablecoin and the debut of U.S.-based XRP ETFs are expected to drive a significant rebound in XRP’s transaction volume.
- 14:57Hassett: October employment report will not include unemployment rate dataChainCatcher news, according to Golden Ten Data, Hassett, Director of the U.S. White House National Economic Council, stated that October's employment report will not include the unemployment rate reading. Hassett said: "The household survey was not conducted in October, so we will only get half of the employment report. We will obtain the jobs portion of the data, but not the unemployment rate, and this situation will only last for one month." The U.S. non-farm employment report consists of two surveys—one is a survey of businesses (which produces the main non-farm employment numbers), and the other is a survey of households (responsible for the unemployment rate). While many businesses keep records and report data electronically, it will be much more difficult to retrospectively contact workers and ask them to recall their employment status for a specific week in October.
- 14:46Grayscale publicly files for IPO, betting on the future of digital assets and seeking complianceJinse Finance reported that Grayscale has publicly filed for an initial public offering, becoming the latest crypto-related company to test the public markets as the US government adopts a more open stance toward digital assets. According to documents submitted by the company to the US Securities and Exchange Commission on Thursday, the crypto asset management company generated $318.7 million in revenue and $203.3 million in net income during the nine months ended September 30. In comparison, revenue was $397.9 million and net income was $223.7 million a year earlier. The company had secretly filed for listing in July. With the end of the US government shutdown, IPO activity is expected to accelerate before the end of the year. Even so, considering the required waiting period and holidays, there are only a few weeks left on the 2025 calendar for potential initial listings. The documents show that Grayscale currently manages about $35 billion in assets and offers more than 40 products, providing exposure to over 45 tokens.
- 14:46The first spot XRP ETF in the United States has officially started trading, with a trading volume exceeding $15 million.Jinse Finance reported that the first spot XRP ETF in the United States, the Canary XRP ETF, has officially started trading. XRPC is currently quoted at $26.27, down 1.13%, with a trading volume exceeding $15 million.