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CEX

CEXs are platforms managed by centralized organizations that facilitate the trading of cryptocurrencies, offering high liquidity and user-friendly fiat on-ramps. Leaders like Binance, OKX, and Coinbase serve as the primary gateways for institutional and retail entry. In 2026, the industry focus is on Proof of Reserves (PoR), enhanced regulatory compliance, and hybrid models that offer self-custody options. This tag provides updates on exchange security, listings, and global market trends.

4237 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Ethena (ENA) Sees 125 Million ENA Withdrawn from CEX as New Wallet Receives 1.0535 Billion ENA from Coinbase Prime

Ethena (ENA) Sees 125 Million ENA Withdrawn from CEX as New Wallet Receives 1.0535 Billion ENA from Coinbase Prime

The post Ethena (ENA) Sees 125 Million ENA Withdrawn from CEX as New Wallet Receives 1.0535 Billion ENA from Coinbase Prime appeared on BitcoinEthereumNews.com. COINOTAG News, citing Onchain Lens data, reports that an Ethena-associated address withdrew 125 million ENA from a CEX, equating to about $34.15 million. The on-chain move underscores ongoing liquidity reallocation around the ENA token and may reflect treasury repositioning within the Ethena ecosystem. A new wallet, 0xa19, received 1.0535 billion ENA from Coinbase Prime, worth roughly $28.7 million, signaling substantial custody or deployment actions on the ENA ledger. Separately, wallet 0x631… withdrew 20 million ENA from Bybit, worth $5.45 million, and currently holds a total of 305.15 million ENA, worth $88.67 million, illustrating continued reserve movements within ENA holdings. Source: https://en.coinotag.com/breakingnews/ethena-ena-sees-125-million-ena-withdrawn-from-cex-as-new-wallet-receives-1-0535-billion-ena-from-coinbase-prime

Author: BitcoinEthereumNews

2025/11/26

Dogecoin Price Prediction 2025-2030: Will DOGE Finally Reach $1?

Dogecoin Price Prediction 2025-2030: Will DOGE Finally Reach $1?

BitcoinWorld Dogecoin Price Prediction 2025-2030: Will DOGE Finally Reach $1? Will Dogecoin finally break the $1 barrier? As one of the most talked-about cryptocurrencies, DOGE continues to capture the attention of investors worldwide. This comprehensive Dogecoin price prediction examines whether the meme coin can transform into a serious digital asset and reach the elusive dollar mark by 2030. Understanding Dogecoin’s Current Market Position Dogecoin began […] This post Dogecoin Price Prediction 2025-2030: Will DOGE Finally Reach $1? first appeared on BitcoinWorld.

Author: bitcoinworld

2025/11/26

Last Call to Join the Best Wallet Token Presale

Last Call to Join the Best Wallet Token Presale

Quick Facts: ➡️ Crypto users increasingly rely on wallets for payments, trading, and DeFi, but most existing options remain clunky, fragmented, and poorly optimized for mobile. ➡️ Established wallet products often sacrifice either security or usability, leaving a wide gap for integrated, non-custodial, mobile-first experiences that feel like modern fintech apps. ➡️ Best Wallet aims […]

Author: Bitcoinist

2025/11/26

ENA price turns bullish after Ethena Labs accumulates 150 million tokens

ENA price turns bullish after Ethena Labs accumulates 150 million tokens

The crypto market remained somewhat muted in the last day as the overall market’s value soared a mere 0.23% to $3.02 trillion.While Bitcoins sought stability above $87,500, altcoins showcased mixed performances. This article evaluates ENA, which outperformed the broader marketplace with a more than 13% surge in the past 24 hours.The rally has grabbed attention as it coincides with substantial accumulation by Ethena Labs.On-chain data shows the synthetic dollar protocol has withdrawn massive amounts of native ENA from centralized exchanges. This development is vital for the project as it indicates long-term holding plans while reducing circulating supply.  According to Onchain Lens, wallets linked to Ethena Labs have accumulated over 150 million ENA coins since yesterday.Its new wallet received 105.35 million tokens, worth roughly $28.7 million, from Coinbase Prime today. Additionally, it received 20 million ENA, valued at around $5.45 million, from Bybit. The address now holds assets worth $88.67 million (305.15 million ENA) after previous purchases.Onchain Lens@OnchainLens·FollowEthena (@ethena_labs) withdrawing $ENA from CEXs Newly created wallet “0xa19” received 105.35M $ENA worth $28.7M from #Coinbase Prime. Wallet “0x631” further withdrew 20M $ENA worth $5.45M from #Bybit. Now the wallet holds 305.15M $ENA worth $88.67M. Addresses: –11:45 AM · Nov 26, 202572ReplyCopy linkRead 7 repliesMeanwhile, today’s transaction follows another purchase executed on November 25. In this, the protocol bought 25 million ENA, worth $6.7 million from Bybit.The address now holds over 285 million tokens with approximately $76.46 million.Ethena Labs has accumulated more than 150 million tokens from Bybit and Coinbase Prime over the past day.These accumulations come as the broader market bleeds, with experts advising dip-buying. Meanwhile, investors and traders are interpreting the accumulation as a sign of the team’s unwavering confidence in Ethena’s future.Massive withdrawals from CEXs generally reduce selling pressure as few assets remain available for immediate dumps. At the same time, these transfers bolster price stability.ENA price outlookEthena Labs’s native token trades in green today, following an over 13% increase on the 24-hour timeframe.ENA is trading at $0.2962, with an over 50% increase in daily trading volume, highlighting trader optimism.Chart by CoinmarketcapENA is currently testing the key resistance zone at $0.30 – $0.32. Further surges can propel prices to $0.36, which requires massive buying activity to overcome. Notably, the region between $0.34 and $0.36 has absorbed buyer momentum previously limiting continued gains.Failure to close above $0.32 would translate to downward pressure for the token. ENA will likely retrace to the key zone at $0.27 or even $0.24 amid extended dips.Nevertheless, continued accumulations by Ethena Labs and improved broader sentiments will fuel further uptrends.  The post ENA price turns bullish after Ethena Labs accumulates 150 million tokens   appeared first on Invezz

Author: Coinstats

2025/11/26

PA Daily News | Coinbase plans to invest in four major areas including RWA perpetual contracts; Texas becomes the first U.S. state to officially purchase Bitcoin.

PA Daily News | Coinbase plans to invest in four major areas including RWA perpetual contracts; Texas becomes the first U.S. state to officially purchase Bitcoin.

Today's top news highlights: The selection process for the Federal Reserve Chair is nearing completion, and Hassett is reportedly the top choice. Six departments, including the Ministry of Industry and Information Technology, have announced support for platform companies to apply technologies such as AI and blockchain to create multi-scenario, immersive consumer experiences. Coinbase plans to invest in four major areas in 2026, including RWA perpetual contracts and specialized trading terminals. Texas launches Bitcoin reserve program, with an initial $5 million purchase of IBIT from BlackRock. Amundi, Europe's largest asset manager, sold approximately $135 million worth of Strategy shares in Q3. MegaETH's pre-deposit campaign failed due to a technical glitch, abandoning plans to expand the fundraising to $1 billion. Analyst Murphy: BTC faces less resistance as it returns to $90,000; key resistance level is $92,000. Macro The South African Reserve Bank has listed cryptocurrencies and stablecoins as new financial risks. According to Bloomberg, the South African Reserve Bank (SRB) has warned that crypto assets and stablecoins, due to a lack of comprehensive regulation, have become a new risk threatening the country's financial sector. In its semi-annual Financial Stability Assessment, the SRB noted that the digital and cross-border nature of cryptocurrencies allows them to circumvent existing foreign exchange control laws, while digital assets are not yet subject to regulation. Herco Steyn, the SRB's chief macroprudential expert, stated that the risk stems from an "incomplete regulatory framework." He anticipates progress next year but warned that if progress stalls, "regulation will be inadequate." Currently, the SRB is working with the Treasury to develop new regulations to regulate cross-border crypto asset transactions and amend foreign exchange control laws to include digital assets. The SRB emphasized that as crypto asset adoption increases, the domestic regulatory framework needs to be continuously adjusted in line with market developments and risks. Data shows that the South African crypto industry is dominated by three major platforms: Luno, VALR, and Ovex. As of July, they had nearly 7.8 million registered users; and total assets reached 25.3 billion rand as of December 2024. Six departments, including the Ministry of Industry and Information Technology, have announced support for platform companies to apply technologies such as AI and blockchain to create multi-scenario, immersive consumer experiences. According to Jinshi News, six departments, including the Ministry of Industry and Information Technology, issued the "Implementation Plan on Enhancing the Matching of Supply and Demand for Consumer Goods and Further Promoting Consumption." The plan proposes the orderly development of platform consumption, including new business models such as live-streaming e-commerce, instant retail, curated retail, and circular e-commerce. It encourages platform companies to legally and compliantly utilize artificial intelligence technology to identify user needs and match them with recommended products and services. The plan supports platform companies in applying digital technologies such as virtual reality, metaverse, artificial intelligence, and blockchain to create multi-scenario, immersive consumption experiences. It also guides platform companies to conduct brand and quality-driven consumption promotion activities. Finally, the plan emphasizes the responsibility of platform companies, strengthening the review of operator qualifications and the verification of product information, and improving the rapid handling mechanism for consumer disputes. Spain plans to increase the tax burden on cryptocurrency gains by amending its laws. According to Criptonoticias, the Sumar parliamentary group in Spain has submitted a bill to the Chamber of Deputies to amend three of the country's tax laws related to cryptocurrencies. OpenAI co-founder Sam Altman's ex-boyfriend was robbed at his home, losing $11 million in cryptocurrency. According to the New York Post, San Francisco police and sources revealed that a tech investor who had dated OpenAI CEO Sam Altman was robbed at gunpoint on the evening of November 22, with $11 million worth of cryptocurrency assets stolen. The robbers, posing as UPS deliverymen, entered the victim's Dolan Street residence carrying a white box. Surveillance footage shows the robbers forcing the victim to hand over electronic devices at gunpoint after he opened the door, and then stealing cryptocurrency assets from his phone and laptop by binding him. According to sources, the suspects tortured the victim after binding him, beating him while he was on speakerphone, with a foreign accent repeatedly reciting the victim's personal information. Police responded to the call that evening and found the victim with minor injuries. They are currently investigating how the robbers transferred the cryptocurrency using the stolen devices. The homeowner, 31-year-old Lachy Groom, is a venture capitalist and the ex-boyfriend of 40-year-old Sam Altman. Property records show he purchased the home from the Altman brothers in 2021 for $1.8 million. Bitwise DOGE ETF receives NYSE Arca listing approval and could list as early as Wednesday. According to The Block, NYSE Arca, a subsidiary of the New York Stock Exchange Group, approved Bitwise's application for listing and registration of a Dogecoin ETF on Tuesday. The Bitwise Dogecoin ETF (ticker symbol BWOW) could list as early as Wednesday. According to a previous registration statement, the Bitwise Dogecoin ETF aims to expose investors to the value of this meme cryptocurrency, and Coinbase Custody will serve as the fund's custodian. U.S. Bancorp, the fifth-largest bank in the United States, is testing its self-developed stablecoin on the Stellar platform. According to The Block, US Bancorp stated that it is testing its self-developed stablecoin on the Stellar blockchain. The bank's choice of the Stellar blockchain appears to be based on considerations of transaction security and control. Mike Villano, Senior Vice President of Corporate Innovation at the bank, stated, "For our customers, we must consider other safeguards around the 'Know Your Customer' (KYC) principle, such as the ability to reverse transactions. After further development on the Stellar platform, we found that a major advantage of the platform is its underlying operational layer's ability to freeze assets and suspend online transactions." According to data from the Federal Reserve, as of September 30, US Bancorp was the fifth-largest bank in the United States, managing $671 billion in assets. Polymarket announced that it has received approval from the U.S. CFTC to re-enter the U.S. market. According to PR Newswire, prediction market platform Polymarket announced that the U.S. Commodity Futures Trading Commission (CFTC) has issued a revised designation allowing Polymarket to operate an intermediary trading platform, subject to full compliance with all applicable requirements for federally regulated exchanges. This approval will enable Polymarket to directly connect brokerage firms and clients and facilitate trading on U.S. trading venues. Currently, Polymarket is permitted to implement an intermediary access model, allowing users to trade through futures commission brokers and utilize traditional market infrastructure, custody, and reporting channels. The selection process for the Federal Reserve Chair is nearing completion, and Hassett is reportedly the top choice. According to Jinshi News, sources familiar with the matter revealed that as the selection process for the new Federal Reserve Chairman enters its final weeks, White House National Economic Council Director Kevin Hassett is considered the leading candidate for the position among President Trump's advisors and allies. Sources indicated that if Hassett were appointed, Trump would be able to place a close ally he knows and trusts within the Fed. Some also stated that Hassett is seen as someone who can bring Trump's interest rate-cutting philosophy to the Fed, which is precisely the direction Trump has long sought to control. However, they also pointed out that Trump is known for his unpredictable personnel and policy decisions, so nothing is certain until the official announcement. Hassett is considered to share Trump's economic views, including the belief that interest rates need to be lowered. In a Fox News interview on November 20, he stated that if he were the Fed Chairman, he would "cut rates now" because "the data suggests we should." Opinion Analyst Murphy: BTC faces less resistance as it returns to $90,000; key resistance level is $92,000. Analyst Murphy points out that based on current data, a return to $90,000 for BTC is not difficult, and $90,000 is not a strong resistance level. The average cost of short-term holders suggests that BTC may encounter strong selling pressure only when it enters the $92,000 to $99,000 range. Meanwhile, options market data shows that call activity at a strike price of $92,000 is significantly higher than at $90,000, especially sell calls at $92,000, which will create strong resistance in the market. Murphy emphasizes that the key battle above $92,000 is the core area determining BTC's trend, especially near the $98,000 level, which is BTC's "fair price" line over the past decade. However, recent market sentiment has been dampened by massive realized losses, making it difficult to generate effective buying power in the short term. BTC's future trend will still depend on market sentiment and the performance of key resistance zones. Tom Lee: ETH may fall back to $2,500 in the short term, but is expected to rise to $7,000-$9,000 in January next year. In a video, Fundstrat co-founder and BitMine chairman Tom Lee said that ETH may fall back to $2,500, but he believes that this slight drop is nothing compared to the upcoming supercycle surge. He believes that ETH may have 3-4 times the upside potential, meaning that ETH could reach $7,000-$9,000 in January. Eric Trump denied predicting that Ethereum would rise to $8,000 within 38 days. When asked about rumors on the X platform that he predicted Ethereum would break $8,000 in the next 38 days, Eric Trump, the second son of US President Donald Trump, said that people should not spread fake news, that he had never made such a statement, and that while he hoped to see this happen, he had not made any such predictions. Strategy claims that even if BTC falls to its average cost of $74,000, its BTC assets would still be 5.9 times that of its convertible bonds. Strategy stated on the X platform: "If the price of Bitcoin falls to our average cost of $74,000, we still have assets equivalent to 5.9 times our convertible debt, which we call the Bitcoin debt rating. If the price of Bitcoin falls to $25,000, the ratio will be 2.0 times." Project Updates Binance Alpha listed on PORT3, reaching a high of $0.0129. According to the official page, Binance Alpha has listed PORT3. It reached a high of $0.0129, and its current market capitalization is hovering around $6-8 million. Previously, it was reported that Port3 Network was hacked using the BridgeIn vulnerability to issue more tokens, causing PORT3 to plummet 77.4% in 24 hours. Subsequently, Port3 initiated a token migration plan and burned over 160 million tokens. Binance Wallet has added on-chain stock trading. According to official sources, Binance Wallet has added on-chain stock trading. Simply open the Binance App, enter your wallet, click "Market," and select "On-Chain Stocks" to trade, with a minimum transaction fee of 0%. Coinbase plans to invest in four major areas in 2026, including RWA perpetual contracts and specialized trading terminals. According to official news, Coinbase Ventures has released its 2026 investment outlook, highlighting four key areas for investment next year: RWA perpetual contracts, specialized trading terminals, next-generation DeFi protocols, and AI and robotics. Specialized trading terminals will focus on Prop AMMs and prediction market trading terminals; next-generation DeFi protocols will focus on perpetual market composability, uncollateralized lending/credit, and on-chain privacy; and AI and robotics will focus on human identity verification, AI-enabled on-chain development, and security. Coinbase Ventures stated that its team is actively seeking investments in these areas and welcomes discussions with relevant projects. Upbit will list the PLUME token on the Korean won market. According to an official announcement, South Korean cryptocurrency exchange Upbit will list the PLUME token on the Korean won market. Polygon is gathering community feedback on whether the POL token code should be changed back to MATIC. Sandeep Nailwal, co-founder of Polygon and CEO of the Polygon Foundation, posted on the X platform that due to repeated community feedback that the MATIC token code is more recognizable than POL, the question arose regarding whether to request exchanges to change the token code back from POL to MATIC. Sandeep stated that he personally prefers to maintain the status quo and continue using POL. However, feedback received suggests that project decisions should not be based solely on the opinions of the crypto community, as the crypto community represents less than 5% of the total cryptocurrency trading community. He expressed a desire to understand the opinions of a broader community, but did not guarantee that exchanges would agree to the change. SKALE has partnered with Base to launch the L3 network "SKALE on Base," designed specifically for AI agent workloads. According to The Block, Layer 1 blockchain SKALE has partnered with Layer 2 network Base to launch an Ethereum Layer 3 network. Project representatives stated that the network, named "SKALE on Base," is "designed specifically for AI agent workloads," particularly well-suited for application scenarios like the x402 payment protocol, incubated by Coinbase and designed specifically for AI. They stated, "Agents require higher-quality block space to run on-chain. SKALE Expand allows the deployment of SKALE Manager (the core smart contract facilitating the operation of the SKALE chain) onto any EVM blockchain, bringing SKALE's gas-free transactions, instant determinism, and privacy protection to other EVM ecosystems." SKALE on Base enables AI agents to leverage SKALE's scalable infrastructure, as well as Base's liquidity, users, entry points, and distribution channels. The network will also introduce a computing resource credit system, meaning AI agents and users won't need to manage gas fees when using on-chain applications. Users can pre-purchase credit on Base using USDC or SKL. Tuesday's launch marks the first deployment of the SKALE Expand multi-chain initiative. The plan aims to transform SKALE into "an AI proxy layer capable of supporting multiple Layer 1 and Layer 2 networks while keeping users and liquidity on their original chains." MegaETH's pre-deposit campaign failed due to a technical glitch, abandoning plans to expand the fundraising to $1 billion. According to Cointelegraph, MegaETH's pre-deposit campaign failed on Tuesday due to a series of technical glitches. The campaign was designed to provide verified users with a controlled window to lock in their MEGA token allocations. The team stated on the X platform that the technical glitches stemmed from a configuration error and rate limiting issue with the KYC system. Simultaneously, a Safe multi-signature transaction intended for subsequent increases was executed prematurely, resulting in new deposits flowing in and causing the total fundraising amount to exceed the original $250 million limit. The protocol provider stated that this allocation was obtained by users who continuously refreshed the page and happened to be randomly opened by the system. Ultimately, MegaETH froze the total deposits at $500 million and abandoned its original plan to expand the fundraising to $1 billion. The team stated that it will soon release a rollback plan and withdrawal options, reiterating that user assets are always safe, but admitted that this operation did not meet its own standards and that no excuses were needed. Coinbase has launched spot trading of Irys (IRYS). According to an official announcement, Coinbase has launched spot trading of Irys (IRYS). Irys (IRYS) is now available on coinbase.com and the Coinbase App. Coinbase users can log in to buy, sell, exchange, send, receive, or store Irys assets. Important data Ethena Labs is suspected of withdrawing $34.15 million worth of ENA tokens from a centralized exchange (CEX) through two new wallets. According to Onchain Lens monitoring, Ethena Labs is withdrawing ENA from exchanges. The newly created wallet "0xa19" received 105.35 million ENA from Coinbase Prime, worth $28.7 million. Wallet "0x631" further withdrew 20 million ENA from Bybit, worth $5.45 million. Currently, this wallet holds 305.15 million ENA, with a total value of $88.67 million. Bitcoin spot ETFs saw a total net inflow of $129 million yesterday, with Fidelity FBTC leading the way with a net inflow of $171 million. According to SoSoValue data, Bitcoin spot ETFs saw a total net inflow of $129 million yesterday (November 25th, Eastern Time). The Bitcoin spot ETF with the largest single-day net inflow was Fidelity ETF FBTC, with a net inflow of $171 million, bringing its historical total net inflow to $11.984 billion. This was followed by BlackRock ETF IBIT, with a net inflow of $83.0088 million, bringing its historical total net inflow to $62.637 billion. The Bitcoin spot ETF with the largest single-day net outflow was Ark Invest and 21Shares ETF ARKB, with a net outflow of $75.9213 million, bringing its historical total net inflow to $1.734 billion. As of press time, the total net asset value of Bitcoin spot ETFs was $114.072 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.54%, and a historical cumulative net inflow of $57.613 billion. WLFI officially spent 7.79 million USD to purchase 46.56 million WLFI tokens in the past 5 hours. According to Lookonchain monitoring, the WLFI team is buying back WLFI tokens on-chain. In the past 5 hours, they have spent 7.79 million USD1 to purchase 46.56 million WLFI tokens at an average price of $0.1674. A wallet suspected to be associated with Fenbushi Capital deposited 10,400 ETH into Binance 10 hours ago. According to Lookonchain's monitoring, a wallet suspected of being associated with Fenbushi Capital deposited 10,400 ETH, worth $29.88 million, into Binance 10 hours ago. USDe TVL has fallen to $7.6 billion, a drop of over 50% compared to October. According to The Block, Ethena's synthetic stablecoin USDe's total value locked (TVL) has fallen from $14.8 billion in October to $7.6 billion currently, a drop of over 50%. Affected by a weak market environment and reduced leverage demand, perpetual funding fees have compressed, and the stablecoin's current annualized yield is approximately 5.1%, lower than the double-digit yields at the beginning of the year. Despite the decline in TVL, USDe usage is on the rise, with on-chain transaction volume exceeding $50 billion last month. The sharp contraction in TVL is largely due to the liquidation of leveraged arbitrage strategies prevalent in DeFi protocols, especially in lending markets like Aave. These arbitrage strategies involve repeatedly depositing pledged USDe (sUSDe) as collateral, borrowing USDC at a high loan-to-value ratio, then exchanging it back for sUSDe, and repeating this process to achieve effective leverage of 10x or even higher. This trade can continue to be profitable as long as the annualized yield of USDe exceeds the borrowing cost of USDC; however, as the yield has declined and is now below the 5.4% cost of borrowing USDC on AAVE, some people have closed out their arbitrage trades. An ancient whale is suspected of dumping 20,000 ETH, worth $58.14 million, after eight months. According to on-chain analyst @ai_9684xtpa, an "ancient whale" holding 254,900 ETH in the ETH ICO market appears to have sold 20,000 ETH after eight months, worth $58.14 million, at a cost as low as $0.31. Ten hours ago, he deposited 20,000 ETH into FalcoinX at a price of $2,906.79. The last time this whale transferred tokens to an exchange, the price was only $1,452.04. He currently holds 3,070 ETH on-chain, worth $9.07 million. Multicoin Capital purchased another 60,000 AAVE tokens, worth $10.68 million. According to on-chain analyst Yu Jin, Multicoin Capital purchased 60,000 AAVE tokens (US$10.68 million) through Galaxy Digital OTC four hours ago. In the past month and a half, they have accumulated 338,000 AAVE tokens (US$60.46 million) at an average price of US$219, resulting in a paper loss of US$13.5 million. After the sharp drop on October 11th, they purchased 210,000 AAVE tokens (US$51.32 million) at US$244; on November 25th, they purchased 61,637 AAVE tokens (US$10.94 million) at US$177; and on November 26th, they purchased 60,000 AAVE tokens (US$10.68 million) at US$178. Investment and Financing/Acquisition Robinhood and Susquehanna are acquiring a majority stake in MIAXdx (formerly LedgerX) to gain a deeper involvement in the prediction market. According to Bloomberg, Robinhood and hedge fund Susquehanna International Group are taking over a regulated exchange previously linked to the now-bankrupt crypto firm FTX, giving the two companies a new foothold in the prediction market space. The two companies are acquiring a majority stake in MIAXdx (formerly LedgerX), a U.S.-based derivatives exchange formerly owned by FTX and now operated by Miami International Holdings (MIH). Financial details of the deal were not disclosed, but MIH stated it will sell 90% of the exchange to the group led by Robinhood. Robinhood stated it will become the “controlling partner” in the new joint venture, while Susquehanna will act as the “first-day liquidity provider” to ensure clients have counterparties for their trades. Both acquiring parties already have close ties to prediction markets. Susquehanna has stated it is a market maker for the prediction market Kalshi, while Robinhood provides Kalshi event contracts to its retail investment clients. This new deal will give Robinhood and Susquehanna direct control over the infrastructure needed to list and clear event contracts on their own terms. Digital asset lending platform CreatorFi secures $2 million in strategic investment. Digital asset lending platform CreatorFi announced a strategic partnership with the Aptos Foundation and Aptos Labs. As part of the partnership, CreatorFi will launch its platform on Aptos and receive a total of $2 million in strategic funding to accelerate its development. Developed by Insomnia Labs, CreatorFi is a fintech platform that transforms digital media revenue into loanable assets, providing risk-adjusted pre-approved financing for creators, studios, and media companies. Institutional holdings Amundi, Europe's largest asset manager, sold approximately $135 million worth of Strategy shares in Q3. According to BitcoinTreasuries.NET, Amundi, Europe's largest asset management company, disclosed that it sold 772,620 shares of Strategy (MSTR) stock in the third quarter, worth $135 million. Texas launches Bitcoin reserve program, with an initial $5 million purchase of IBIT from BlackRock. According to The Block, a post from the Texas Blockchain Council indicates that the state has made its first allocation to the Texas Strategic Bitcoin Reserve, purchasing approximately $5 million worth of BlackRock's Bitcoin Spot ETF (IBIT) last week. This transaction appears to be the first use of authorized funds under SB 21, enacted by Greg Abbott in June. This act established a state-level Bitcoin reserve managed by the Texas Fiscal Trust. Lee Bratcher, chairman of the Texas Blockchain Council, revealed on Twitter that the purchase occurred on November 20th, marking both the reserve's first allocation and the first instance of a state government purchasing Bitcoin in the US. However, state officials have not yet released any documents or statements to confirm the transaction. According to the Texas Fiscal Trust's latest 13F filing, the company holds approximately $667 million in SPY (S&P 500 ETF) and $34 million in the Janus Henderson Fund. If, as stated by Lee Bratcher, the purchase of $5 million worth of IBIT (as part of a $10 million Bitcoin allocation) will make it the third-largest holding in this portfolio.

Author: PANews

2025/11/26

Escape from Delaware: Musk and Coinbase's Path to Freedom

Escape from Delaware: Musk and Coinbase's Path to Freedom

Text: Sleepy.txt On the map, the United States remains a unified federation; but in terms of business logic, we are witnessing the United States tearing apart into "two countries". In early winter of 2025, Coinbase, the largest cryptocurrency exchange in the United States, officially began the process of moving its registration from Delaware to Texas. In the long narrative of American business history, it is hard to ignore the sense of resolute tragedy behind this decision—it is not just a change of administrative address, but more like a spiritual "parricide" and "abdication". For the past century, Delaware has been the undisputed "Mecca" of American commercial civilization and the highest symbol of the industrial age. The term "Mecca" signifies more than just a geographical coordinate; it represents the culmination of a faith. On this narrow peninsula, less than two thousand square miles in size, lie over 66% of the Fortune 500 companies in the United States. In the traditional narrative of Wall Street and Silicon Valley, a great company may be born in a garage in California, but its soul (legal entity) must be located in Delaware. It boasts the oldest and most professional Court of Chancery in the United States. For investors and professional managers of that era, Delaware represented an almost religious certainty—it had the most robust fiduciary responsibility, the most predictable case law, and a sense of security that was considered the cornerstone of business. But now, this rock, which has carried a century of commercial faith, has developed shocking cracks. Coinbase's departure is not an isolated case. If you look at the list of those who have migrated in this wave, you will find it is full of the most restless and wildest names today. Elon Musk was the primary driving force behind this escape. The catalyst for this event occurred a year ago. In that world-shaking ruling, a Delaware judge decisively stripped Musk of the $56 billion compensation package he had earned over a decade. Even though he miraculously achieved the performance targets that Wall Street initially considered impossible, pushing Tesla's market value to a trillion dollars, the judge still tore up this outcome-based contract with a single ruling, citing "insufficient independence of the board." This verdict thoroughly enraged Silicon Valley's upstarts. In a fit of anger, the "Iron Man," along with Tesla and SpaceX, resolutely sailed south to Texas, much like the famous Mayflower. Now, unicorns like Coinbase and TripAdvisor have followed suit, joining the fight to break free. This series of receding figures heralded the twilight of an old era. In the past, large companies stayed in Delaware for protection, because it represented a mature and rational legal system; now, in order to survive and grow rapidly, the top companies believe that they must leave Delaware to be safe. Blood must be shed for freedom. In the brutal world of business, freedom is never free. But for Musk and Coinbase, the price of this freedom is staggeringly high. In the public's general perception, changing a company's registered address seems to be just a simple administrative procedure—filling out a few forms and changing the address. But in reality, it's far from a "relocation" that can be settled with a few tens of thousands of dollars in administrative fees; the giants have to pay a staggering bill. First, they must hire top-tier law firms. Firms at the very top of the pyramid, such as Wachtell and Sullivan & Cromwell, have partners whose fees already exceed $2,000 per hour. The bill for drafting just a few hundred pages of a proxy statement that complies with SEC regulations can easily exceed $5 million. Secondly, there's the expensive battle for votes. To convince skeptical institutional shareholders like BlackRock and Vanguard, companies need to hire professional proxy solicitors. For mega-cap stocks like Tesla, this "vote-getting fee" alone can reach millions of dollars, and it requires months of roadshows and lobbying, much like running for the US presidency. The most critical issue is the potential risk of default. The legal team needs to work day and night to review tens of thousands of commercial contracts because the "change of control" clauses in many bond agreements could be triggered instantly if the place of registration changes. To obtain waivers from creditors, companies often have to pay additional fees. According to market practice, this fee typically ranges from 0.25% to 0.5% of the total debt. For giants with massive outstanding debt, this means the instantaneous loss of tens or even hundreds of millions of dollars in cash flow—valuable funds that could have been used for research and development or buybacks, now becoming huge sunk costs. Given the dire consequences, why would they rather "cut off an arm" than leave? The answer lies hidden in the shadows beneath Delaware's glamorous legal system. For today's tech giants, Delaware is no longer a safe haven, but a hunting ground strewn with traps. Here, a vast, secretive, and greedy group thrives—The Plaintiffs' Bar. On Wall Street, this is jokingly referred to as a "merger tax." Statistics show that at its peak over the past decade, more than 90% of mergers and acquisitions valued at over $100 million faced litigation in Delaware. These lawyers are not concerned with corporate governance; like sharks smelling blood, they only need to hold one share of a company's stock to immediately file a class-action lawsuit for "insufficient disclosure" once the company releases a major announcement. This has long since evolved into a standardized "extortion assembly line": lawsuits, obstructing transactions, and forcing companies to settle. In order not to delay the transaction process, the vast majority of companies have no choice but to pay this "toll," which usually amounts to millions or even hundreds of millions of dollars. Dell, Activision Blizzard, Match Group… countless large companies have been “extorted” by flipping through Delaware’s case files. Here, businesses are no longer legally protected customers, but rather prey legally hunted. This kind of exploitation reached its absurd peak in the Tesla payroll case. After a Delaware judge ruled Musk's compensation package invalid, the plaintiffs' legal team filed a claim for 29.4 million Tesla shares as a winning fee. Based on the share price at the time, this fee was worth a staggering $5.6 billion. $5.6 billion is enough to directly buy Macy's, the largest department store in the United States. At this moment, the true intentions were revealed. This is no longer a manifestation of legal justice; it is a blatant plunder of wealth creators. This heavy blow completely disillusioned Musk and sent chills down the spines of Coinbase, who was watching from the sidelines. Coinbase's management is well aware that although the knife hasn't fallen on them yet, staying in this old world full of "professional plaintiffs" and "sky-high legal fees" means it's only a matter of time before they get fleeced. The tech giants did the math: while their current legal, administrative, and public relations fees often amount to tens or even hundreds of millions, these are only short-term pains. If they continue to stay in Delaware, in this legal environment, losing control of their companies and being forced to accept endless lawsuits and extortion would be an incurable "cancer." Blood must be shed for freedom. The old world's ruler cannot measure the ambition of the new world. If the exorbitant "ransom" was merely a painful blow to Musk and his ilk, then the underlying conflict in Delaware's legal logic was the root cause that suffocated them. This is far more than just a debate over legal terms; it's the ultimate clash between two different business civilizations. For the past century, Delaware has been able to maintain its position as the iron throne of business because it has forged a tacit golden agreement with the American business community—the Business Judgment Rule. The subtext is that as long as the board of directors doesn't embezzle or break the law, the judge will never interfere with how you do business. This is the ultimate respect for entrepreneurship and the cornerstone of American business prosperity. However, in recent years, this yardstick has become distorted by the erosion of time. With the unlimited expansion of the weight of institutional investors, Delaware's gavel has begun to slide more and more towards another extreme—the Entire Fairness Standard. This is a phrase that sends chills down the spines of every Silicon Valley founder. Its subtext is: "I don't care if you've created a business miracle; if your processes don't meet my requirements, all your success is for naught." Musk's $56 billion compensation, which was written off, is a victim of this kind of microscopic scrutiny. In that lawsuit, despite Tesla achieving the most phenomenal growth in human business history and shareholders reaping enormous profits, a Delaware judge coldly ruled Musk's compensation invalid. The reason given was simply that board members had too good a relationship with Musk, and the process was not "perfectly independent." This arrogance of prioritizing procedures over results may be a safe haven for traditional companies like Coca-Cola, which are managed by professional managers; but for new species like Coinbase and Tesla, which rely on their founders to drive exponential growth, it is a fatal shackle. The old world's measuring stick can no longer measure the ambitions of the new world. Delaware judges can read the financial statements for steel, oil, and railroads, but they have a hard time understanding why Musk's personal IP is worth $50 billion. While Delaware was preoccupied with ethical censorship, Texas pragmatically offered an ambitious "partnership agreement." This is not just an empty "Welcome to Texas." In September 2024, the Texas Business Court officially opened for business. This is not only a new institution, but also a precise strike by Texas against Delaware's pain points. It only handles high-value cases. According to the bill, the court has exclusive jurisdiction over commercial disputes involving more than $5 million; and for publicly traded companies, only cases involving more than $10 million are eligible. This means that shareholder harassment lawsuits are effectively shut out. Even more disruptive is the appointment process for judges. Unlike the Delaware Supreme Court justices who serve 12-year terms and come from legal families, judges of the Texas Commercial Court are directly appointed by Governor Greg Abbott and serve only two-year terms. This signifies an unprecedented level of consensus between the judiciary and the executive branch on the goal of "developing the economy." If a judge rules against the business environment, he could lose his job two years later. Texas is sending a very clear message: "Here, we don't teach you how to be a person, there's no fatherly influence. We only protect contracts. As long as you bring jobs and growth, we'll protect you." The "founder model" represented by Coinbase and Musk is no longer willing to bow to the "managerial model" represented by Delaware. They've had enough of being treated like wild beasts to be guarded against. So, they chose to pack their bags, leave that exquisite but suffocating greenhouse, and head towards that rough but wild wilderness. American Drift This may not mean the end of Delaware. For a long time to come, it will remain home to companies like Coca-Cola, Walmart, and General Electric. For these "old aristocrats" who seek stable dividends, value ESG scores, and are accustomed to professional management, Delaware's sophisticated and cumbersome rules remain the best safety net. But for another group of people, the air there is so thin that they can't breathe. We are witnessing the United States tearing itself apart into "two countries". One is represented by Delaware and New York. Here, distribution, checks and balances, and political correctness are emphasized. It is like an exquisite museum, well-ordered, yet exuding a stale and decadent atmosphere. A place represented by Texas and the New Frontier. Here, growth, efficiency, and even a savage vitality prevail, danger lurking everywhere. The departure of Coinbase and Musk is just the beginning. They are like canaries in a coal mine, sensing the tremors deep underground before anyone else with their keenest sense of smell. Of course, this migration was not without risks. The newly established commercial court in Texas hadn't yet undergone the stress test of a major economic crisis, and the power grid remained vulnerable during blizzards. No one dared to guarantee that the next century of commercial legend would emerge from here. But that's precisely what makes business so fascinating, and also so cruel—it never promises certainty; it only rewards those who dare to bet on uncertainty. In this high-stakes gamble on the future, capital cast its most honest vote with its feet. It tells us that when the old world order begins to solidify into a constraint, the instinct for innovation will always run towards that field, even if it is barren, but where one can run wild.

Author: PANews

2025/11/26

A Technical Overview of the MORICOIN Ecosystem

A Technical Overview of the MORICOIN Ecosystem

Технический обзор экосистемы MORICOIN: структура, утилиты и механизмы сообщества Введение Ландшафт Web3 продолжает развиваться в сторону экосистем, ос

Author: Medium

2025/11/26

Best New Crypto to Invest In: Remittix Emerges As Top Pick Ahead of Its PayFi App Launch

Best New Crypto to Invest In: Remittix Emerges As Top Pick Ahead of Its PayFi App Launch

The post Best New Crypto to Invest In: Remittix Emerges As Top Pick Ahead of Its PayFi App Launch appeared on BitcoinEthereumNews.com. Recent crypto news has highlighted how presale projects like BlockDAG, Opter and Layer Brett are pulling in heavy funding while traders scan “best crypto to buy now” threads for the next strong move. In that busy field, Remittix (RTX) is starting to look like the best new crypto to invest in for investors who care about real payments, strong security and clear exchange plans. It already sits at the top of several “best crypto presale to buy ” lists, thanks to a live PayFi wallet beta, CertiK verification and rising interest from both retail traders and early institutional watchers. Top 4 Best New Cryptos To Invest In (2025 Edition) Remittix (RTX): Global PayFi network for crypto to bank payments and everyday remittances BlockDAG (BDAG): High-throughput base chain for smart contracts and DeFi builders Opter (OPTER): Perpetuals trading token tied to a growing on-chain derivatives exchange Layer Brett (LBRETT): Meme-driven Ethereum Layer 2 project with staking and community rewards Crypto Sector Key Utility Why It Stands Out Upside Potential Remittix (RTX) PayFi / DeFi Crypto to bank payments and remittances Real payment rails plus strong security Very High BlockDAG (BDAG) L1 / DeFi / Web3 Scalable PoW DAG chain for dApps Big raise, miners and strong community High Opter (OPTER) DeFi / Derivatives Perpetuals DEX with hybrid token presale Live exchange with volume-based rewards High Layer Brett (LBRETT) Meme / Ethereum Layer 2 L2 meme coin with staking incentives Meme branding plus high APY staking Medium to High 1. Remittix (RTX) – PayFi Leader And Top Pick For Real-World Payments Remittix is a PayFi project focused on turning cryptocurrency into bank-ready money inside one simple app, with support for cross-border transfers in more than 30 countries. It’s wallet beta, now live on iOS for community testers, already shows crypto to fiat…

Author: BitcoinEthereumNews

2025/11/26

Ethena Labs is suspected of withdrawing $34.15 million worth of ENA tokens from a centralized exchange (CEX) through two new wallets.

Ethena Labs is suspected of withdrawing $34.15 million worth of ENA tokens from a centralized exchange (CEX) through two new wallets.

PANews reported on November 26th that, according to Onchain Lens monitoring, Ethena Labs is withdrawing ENA from exchanges. The newly created wallet "0xa19" received 105.35 million ENA from Coinbase Prime, worth $28.7 million. Wallet "0x631" further withdrew 20 million ENA from Bybit, worth $5.45 million. Currently, the wallet holds 305.15 million ENA, with a total value of $88.67 million.

Author: PANews

2025/11/26

WEEX Integrates with Niza Labs to Boost Liquidity and Growth of Crypto Projects

WEEX Integrates with Niza Labs to Boost Liquidity and Growth of Crypto Projects

The post WEEX Integrates with Niza Labs to Boost Liquidity and Growth of Crypto Projects appeared on BitcoinEthereumNews.com. WEEX, a famous global centralized cryptocurrency exchange (CEX) serving 6+ million users, has announced its landmark collaboration with Niza Labs, a Niza Global-based incubator and startup accelerator project. The primary purpose of this strategic partnership is to accelerate the liquidity and growth of projects for the compliance of worldwide users. 🎙 Niza Ecosystem @nizalabs is thrilled to unveil a new strategic partnership with WEEX! @WEEX_Official 🤝✨ WEEX is a global cryptocurrency exchange serving over 6 million users in 200+ countries. 🌍Ranked among the top five CEXs on CoinGecko and top 12 on CoinMarketCap, it… pic.twitter.com/GAmwuBYq3j — WEEX (@WEEX_Official) November 25, 2025 As per the details, WEEX is one of the trusted and best crypto exchanges in the world and currently serves 200+ countries with more than 6 million users. In addition, it is at the fifth position in top-ranking CEXs on CoinGecko and also among the top 12 on CoinMarketCap. WEEX has excitedly revealed this news through its official X account. Empowering Secure, Fast, and Cost-Effective Trading Niza Labs, also known as the Niza ecosystem, plays a vital role in shaping projects for more acceptance and boosts the liquidity of cryptocurrency. Moreover, WEEX offers 1800+ spot and futures pairs with daily trading volume exceeding $5 billion. With these features, WEEX also promises users interesting and beneficial services for the welfare of mankind. WEEX facilities users with 400x leverage, 0% maker fees, and a 1000 Bitcoin ($BTC) protection Fund. WEEX delivers a secure, protected, fast, and cost-effective trading experience. This partnership is more fruitful in every aspect in the digital world.   WEEX and Niza Labs Collaborate for Global Impact The alliance of WEEX and Niza Labs helps to uplift the users from darkness to the light of advancement, with a full range of technological tools and specialties. On the other…

Author: BitcoinEthereumNews

2025/11/26

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