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Wed 4 Nov
BitGo launches BitGo Global Markets institutional trading unit led by Pete Janney
BitGo has launched BitGo Global Markets, an institutional trading and financial services division led by former NYDIG executive Pete Janney. It plans to offer spot and OTC trading, crypto-backed lending, derivatives such as options and swaps, structured products, and research and private fund access.
US appeals court denies Coinbase and Kalshi bid to pause state enforcement
The US Second Circuit Court of Appeals denied Coinbase Financial Markets and Kalshi injunctions while their appeals proceed in cases involving Connecticut and New York enforcement against prediction markets. The court said the applicants did not show an injunction was needed and did not rule on the merits.
Previous related news
- Kalshi and two co-founders face 14 criminal charges in Utah, 13 of them felonies
- Utah attorney general sues Kalshi over alleged illegal gambling
- Kalshi CEO Tarek Mansour says prediction markets may leave US without federal oversight
Gate to launch 10 stock perpetual contracts including OXY on 5 November
Gate will list 10 stock perpetual contracts at 06:00 UTC on 5 November, including OXY, LNG, XP and WUXIBIO, plus six Taiwan stock underlyings. All are settled in USDT with 1-20x leverage, and trading bots and copy trading will be enabled within an hour of listing.
Polymarket trader 0xa2 tops daily leaderboard with $917,000 paper profit
Polymarket trader 0xa2 leads the platform's daily leaderboard with a paper profit of $917,000 after Democrats won control of the House and Senate. The trader put in $609,600 on the position, now worth $1.48m, with most gains unrealised and dependent on the Alaska result.
Circle says it has cut about 5% of its workforce
Circle has cut about 5% of its staff, the company said in a filing.
Circle says it has minted 10bn ARC tokens at genesis for its Arc network
Circle said it has completed the genesis mint of 10bn ARC tokens, making it the first listed company to mint a network token for a new Layer 1 blockchain. ARC will be used for security, utility and governance, with Arc due to move to proof-of-stake in 2027; the public mainnet launched on 16 Sept with native USDC.
OpenAI to acquire developer-tools startup Pierre Computer
OpenAI is to acquire Pierre Computer, a developer-tools startup whose technology has already been integrated into OpenAI's Codex code-generation model. OpenAI is moving to challenge Microsoft's GitHub as AI agents take on more programming work.
Petrobras tokenises sustainable aviation fuel certificates on Cardano
The Cardano Foundation says Petrobras is tokenising sustainable aviation fuel certificates on Cardano, citing better traceability and the prevention of double counting.
Circle reports $865m in Q3 revenue and reserve income as USDC onchain volume rises 49%
Circle posted third-quarter revenue and reserve income of $865m, up 17% year on year, with net profit from continuing operations of $226m. USDC onchain volume reached $13.9tn, up 49%, and Circle has agreed to buy Singapore's Tazapay, with the deal expected to close in 2027.
Mike McGlone says boom-bust pattern is spreading across Bitcoin and commodities
Bloomberg Intelligence macro strategist Mike McGlone said Bitcoin and commodity markets increasingly show sharp rallies followed by steep declines, citing silver's roughly 60% first-quarter surge and subsequent fall. He had earlier said Bitcoin could drop to $10,000 if US stocks correct 20%.
BE token rises 10.4% in 24 hours to $230.72
BE gained 10.4% over 24 hours and was trading at $230.72, according to MSX.COM data.
DeepSeek backer Lisi's Xing Shen fund grows to RMB 7.52bn
Lisi Capital, a venture investor in DeepSeek's previous funding round, has again secured a stake in DeepSeek's new round through its Tianjin Lisi Xing Shen fund, whose size rose from RMB 2.64bn to RMB 7.52bn, with capital paid in. Zhihu said on 6 Sept it would commit RMB 1.5bn and By-health RMB 50m.
L2BEAT rebrands as ETHBEAT and widens research to privacy and ZK
L2BEAT has rebranded as ETHBEAT, saying its research now covers privacy, interoperability, tokens and ZK beyond Ethereum Layer 2, while it keeps monitoring Layer 2. It will also study liquid staking and issue a guide for screening projects on the CROPS principles.
Dollar rises past 158.5 against the yen, up 0.2% in 24 hours
The dollar climbed above 158.5 against the yen and last traded at 158.529, a gain of 0.2% over 24 hours, according to Gate data.
Space-based Bitcoin mining is feasible but not yet economic, analysis finds
Mining Bitcoin with solar power in orbit is technically feasible but not yet economically viable, an analysis found, after Elon Musk raised space data centres. Launch costs of about $1,500 per kilogram and the need for radiators in a vacuum remain obstacles.
Scroll proposes shifting to permissioned privacy AI network and moving SCR to Ethereum mainnet
A protocol upgrade proposal on the Scroll DAO forum would turn Scroll into a permissioned app-specific network focused on privacy AI and migrate the SCR token to Ethereum mainnet. The Scroll Foundation would lead the upgrade and asset migration if it passes, with SCR supply and tokenomics unchanged.
Trump-linked tokens fall, with TRUMP down 79.52% over a year
Trump-linked cryptocurrencies fell over the past 24 hours, CoinMarketCap data showed. Official Trump (TRUMP) traded at $1.47, down 7.26% in 24 hours and 79.52% over a year; MELANIA fell 3.92% to $0.07157, down 26.88% year on year, and WLFI traded at $0.04878, down 2.12% and 55% over a year.
668 BTC worth about $52.4m moves from Coinbase Institutional to unknown wallet
Some 668 BTC, worth about $52.4m, was transferred from Coinbase Institutional to an unknown wallet. Earlier, at 09:24 UTC, 1,086 BTC worth about $85.1m moved from an unknown wallet into Coinbase Institutional.
Hong Kong passes bill adopting OECD crypto tax reporting standard
Hong Kong's Legislative Council has passed a bill adopting the OECD's crypto transaction information reporting standard. Crypto service providers must collect transaction data from 2027, with automatic exchange between tax authorities due from 2028.
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