Alpha Arena Season 1 has concluded, with Qwen 3 MAX emerging victorious.
The first season of the AI model trading competition "Alpha Arena" has concluded, with Alibaba's Qwen team's Qwen 3 MAX making a comeback in the final stages to win the championship, with the account value ultimately reaching $12,231.82.
Strategy Inc. (NASDAQ: STRF/STRC/STRK/STRD/MSTR) announced a proposed offering of 3,500,000 10.00% Series A Perpetual Stream Preferred Stock (STRE), with a par value of €100 per share. The stock will pay quarterly dividends, with unpaid dividends accruing at 10% + 100 basis points quarterly, up to a maximum of 18%. The company stated that the proceeds will be used for general corporate purposes, including the purchase of Bitcoin and working capital. STRE includes a redemption option in the event that the outstanding shares fall below 25% of the original offering or in the event of a specific tax event, and a buyback option for holders at par value plus accrued unpaid dividends in the event of a “material change.” Underwriters include Barclays, Morgan Stanley, and Moelis.
Liquid, a DEX aggregator, has raised $7.6 million in seed funding, led by Paradigm.
According to The Block, decentralized perpetual contract aggregator Liquid has completed a $7.6 million seed funding round, led by Paradigm, with participation from General Catalyst and several angel investors in the crypto and technology sectors. Liquid integrates platforms such as Hyperliquid, Lighter, and Ostium, providing a one-stop solution for non-custodial trading, yield, risk control, and analytics. The founder is Franklyn Wang, former head of AI at Two Sigma. The platform has already facilitated over $500 million in trading volume.
Ripple acquires Palisade, strengthening its digital asset custody and wallet services portfolio.
Ripple announced the acquisition of Palisade, a digital asset wallet and custody company, to expand its enterprise-grade crypto custody capabilities. The transaction amount was not disclosed. This acquisition will enable Ripple to provide crypto-native institutions, fintech companies, and enterprise clients with complete asset management solutions, ranging from long-term storage to high-frequency trading. Palisade features MPC, a zero-trust architecture, and multi-chain support, and will be directly integrated into Ripple's payment system, improving the efficiency of cross-border payments and fund transfers. Ripple has invested approximately $4 billion in the cryptocurrency ecosystem through strategic investments and acquisitions. Previous acquisitions include Hidden Road ($1.25 billion), Rail ($200 million), and GTreasury ($1 billion).
Balancer officially stated that its V2 Composable Stable Pools were attacked at 15:48 (Beijing time) yesterday. Some older pools, which had been online for many years without being paused, have now been suspended and recovery mechanisms have been initiated. Other V3 pools and non-V2 pools were not affected. The team is investigating the incident with security researchers and will release a full incident report later, reminding users to be wary of phishing attacks.
According to an official announcement from Chainlink, FTSE Russell has partnered with Chainlink, and for the first time, FTSE Russell has uploaded its core index data (including Russell 1000, 2000, 3000, FTSE 100, etc.) to the Chainlink DataLink blockchain. This covers over 60 blockchains, serves more than 2,000 applications, and enables 24/7 real-time access across multiple chains. FTSE Russell is a leading global provider of financial index and data services and is part of the London Stock Exchange Group (LSEG).
Coinbase has included Monad (MON) in its listing roadmap.
According to Coinbase Markets, Monad (MON) has been added to its asset listing roadmap and is planned to be listed for trading in the future. The official statement says that the launch of trading will be announced separately once liquidity support and technical readiness are achieved.
According to CoinDesk, Donut Labs, a Web3+AI browser project, has completed a $15 million seed funding round. Investors include BITKRAFT, Makers Fund, Sky9 Capital, Altos Ventures, and Hack VC, as well as participants from the Solana, Sui, and Monad ecosystems. The project plans to embed autonomous trading agents into the browser, enabling users to perform on-chain transaction analysis even offline. Donut already has over 160,000 users on its waiting list, and the company plans to use the funding to develop a profitable smart browser that integrates real-time market intelligence and executes automated trading. Donut states that its goal is to transform how users interact with the financial internet by directly embedding autonomous trading agents into the browsing experience. These agents can analyze the market, calculate risk, and execute on-chain transactions, even when the user is offline.
CoinShares: Digital asset investment products saw a net outflow of $360 million last week.
According to CoinShares' latest weekly report, digital asset investment products saw a total outflow of $360 million last week due to market uncertainty caused by investors' perception that Federal Reserve Chairman Powell's comments about a possible December rate cut were too hawkish. The US led the outflows, with $439 million flowing out; Bitcoin ETFs were hit hardest, experiencing outflows of $946 million under interest rate pressure. Solana attracted $421 million in inflows—the second-largest inflow ever—primarily driven by new US ETFs.
Tharimmune completes $540 million private funding round to establish Canton token treasury
According to PRNewswire, Nasdaq-listed Tharimmune announced the completion of a $540 million private funding round, led by DRW and Liberty City Ventures, with participation from ARK Invest, Bitwave, Broadridge, Clear Street, Copper, Digital Asset, and other companies. The new funds will support the company in establishing a Canton utility token treasury and purchasing tokens. Previously, it was reported that DRW was leading talks to raise $500 million for a publicly traded company that holds a Canton token reserve.
Stablecoin developer Standard Money completes $8 million strategic funding round, led by Yzi Labs.
According to CoinDesk, Standard Money, the developer of the BNB Chain ecosystem stablecoin USDsd, has completed an $8 million strategic funding round led by Yzi Labs, with participation from Gate.io, Crypto.com, and Animoca Brands, among others. USDsd is a yield-seeking algorithmic stablecoin based on the stablecoin USDT. The funds raised will be used to support Standard Money's mainnet launch, expand its liquidity partnerships, and grow its global operations.
Binance Alpha will list Intuition (TRUST)
According to official sources, Binance Alpha will list Intuition (TRUST) on November 5th. Eligible users can claim airdrops using Binance Alpha Points on the Alpha event page after trading opens on Alpha. Further details will be announced separately.
According to Onchain Lens monitoring, Bitmine purchased 82,353 ETH (worth $305.9 million) last week. The company currently holds a total of 3,395,422 ETH, worth $12.61 billion. Furthermore, according to PR Newswire, as of November 2nd, Eastern Time, BitMine held 3,395,422 ETH and 192 BTC, as well as $62 million worth of Eightco Holdings shares.
Ripple launches digital asset spot prime brokerage service for the US market
According to Businesswire, Ripple announced the launch of its digital asset spot prime brokerage service in the US market. US institutional clients can now execute over-the-counter (OTC) spot trades on dozens of mainstream digital assets, including XRP and RLUSD. Following its acquisition of multi-asset prime broker Hidden Road, Ripple integrated its license and Hidden Road's solutions into the Ripple Prime system, providing institutional clients with new capabilities that enable seamless access to forex (FX), digital assets, derivatives, swaps, and fixed-income products.
StarkWare deploys the S-two prover on Starknet to improve speed, privacy, and decentralization.
According to The Block, StarkWare has deployed its next-generation open-source S-two prover on the Starknet mainnet, claiming it to be the fastest and most privacy-preserving proof system in a global production environment. This upgrade replaces the network's original proof components and now generates validity proofs for each block, reducing proof time and verification costs while increasing throughput and scalability, all while ensuring trustlessness. Furthermore, the system allows independent operators to contribute computing resources, enhancing the network's resistance to censorship. A key feature of S-two is its ability to run efficiently on consumer-grade hardware, allowing users to generate privacy proofs directly from laptops, mobile phones, and browsers, without relying on centralized data centers. StarkWare states that this enables large-scale privacy protection, allowing users to prove facts such as age, qualifications, or transaction intent without disclosing sensitive data, while also spawning new application scenarios such as privacy-focused decentralized finance (DeFi), anonymous identity authentication, verifiable AI, and zero-knowledge secure gaming.
Strategy spent $45.6 million last week to acquire 397 bitcoins.
According to official sources, Strategy purchased 397 Bitcoins between October 27th and November 2nd at a price of approximately $114,771 per Bitcoin, for a total value of approximately $45.6 million. As of the beginning of 2025, this represents a 26.1% return on Bitcoin. As of November 2nd, 2025, Strategy will hold 641,205 Bitcoins, purchased at approximately $74,057 per Bitcoin, for a total value of approximately $47.49 billion.
According to on-chain analyst @ai_9684xtpa, the "whale that heavily invested in Chinese memes at the peak" has cut his losses and exited the market. In the past 50 minutes, he liquidated his holdings of five tokens: Binance Life, Customer Service Xiao He, Hakimi, memerush, and PUP, incurring a total loss of $3.598 million. Binance Life alone resulted in a loss of $2.49 million. With this, all the tokens he heavily invested in on October 9th, amounting to $4.493 million, have been liquidated.
According to the official announcement, Binance Wealth Management, One-Click Crypto Trading, Instant Exchange, Margin Trading, and Binance Futures will list Kite (KITE). Specifically, Binance will gradually transition KITE U-margined perpetual contract pre-market trading to the standard KITE U-margined perpetual contract at 21:00 (UTC+8) on November 3, 2025, with a transition period potentially lasting up to 3 hours. The transition duration depends on price volatility and index price stability. During the transition period, KITE U-margined perpetual trading and existing positions will not be affected.
Animoca Brands plans to pursue a Nasdaq listing through a reverse takeover.
According to its official blog, Animoca Brands co-founder and executive chairman Yat Siu released a letter to shareholders announcing its proposal to list Animoca Brands on Nasdaq through a reverse takeover of fintech company Currenc Group Inc. (NASDAQ: CURR). Under the proposed structure, upon completion of the reverse takeover, Animoca Brands shareholders will collectively own approximately 95% of the issued shares of the combined entity, which is expected to operate under the name Animoca Brands. Previously, Animoca Brands announced that it had signed a letter of intent with Nasdaq-listed Currenc Group.
Animoca Brands announced that it has signed a letter of intent with Nasdaq-listed Currenc Group.
According to official sources, Animoca Brands has signed a non-binding letter of intent with Nasdaq-listed Currenc Group Inc. regarding a potential proposal for Currenc to acquire 100% of the issued shares of Animoca Brands through a scheme of arrangement (the “Potential Transaction”). Under the terms of the Potential Transaction, Currenc is proposed to acquire all shares of Animoca Brands in exchange for newly issued shares under its Australian scheme of arrangement. If the Potential Transaction is completed and implemented, Animoca Brands will become part of a Nasdaq-listed conglomerate. Prior to the implementation of the Potential Transaction, Currenc may undergo a corporate restructuring. Upon completion of the Potential Transaction, Animoca Brands shareholders are expected to hold approximately 95% of Currenc's outstanding shares, and existing Currenc shareholders are expected to hold approximately 5% of Currenc's outstanding shares.
Akshat Vaidya, co-founder and head of investments at Maelstrom, the family office of Arthur Hayes' family wealth management, wrote on X: "Four years ago, I invested $100,000 in the Pantera Early-Stage Token Fund LP fund, and now I only have $56,000 left. This is because Pantera charges a 3% management fee and a 30% performance fee. In those four years, Bitcoin has doubled, and many seed-round projects have skyrocketed 20-75 times. However, this fund's fees wiped out almost half of the LP's capital. While the investment year is important, losing 50% in any period is the worst possible performance."
Berachain stated on the X platform: "Berachain validators have acted collaboratively, proactively suspending the Berachain network to allow the core team to implement an emergency hard fork in response to the Balancer V2 vulnerability attack on BEX. This suspension was proactive, and the network will resume operation shortly after all affected funds are recovered." Additionally, Berachain's anonymous co-founder, Smokey the... Bera issued a statement saying, "The Bera validator team has proactively suspended chain operations to prevent the Balancer vulnerability attack affecting BEX (mainly the USDe three pools) from spreading further. We have requested the Ethena team to disable cross-chain bridge functionality for transferring assets out of the Bera chain; we have instructed lending markets to disable/suspend USDe deposit operations; we have suspended HONEY minting/redemption operations; and we have communicated with centralized exchanges (CEXs) and other institutions to ensure that relevant addresses are blacklisted. The goal is to recover funds as quickly as possible and ensure the safety of funds for all liquidity providers (LPs). Once ready, the team will release the binary to relevant validators and service providers (because this liquidity pool contains non-native assets, unlike simply modifying the Bera chain balance, some slot reconstruction work is required)." Previously, according to PyShield monitoring, Balancer and its forks have suffered total losses exceeding $128 million across multiple chains.
According to SoSoValue data, the SOL spot ETF saw a net inflow of $199 million last week (October 28th to October 31st, Eastern Time). The SOL spot ETF with the largest net inflow last week was the Bitwise Solana Spot ETF (BSOL), with a weekly net inflow of $197 million and a historical total net inflow of $197 million; followed by the Grayscale Solana Spot ETF (GSOL), with a weekly net inflow of $2.18 million and a historical total net inflow of $2.18 million. As of press time, the total net asset value of the SOL spot ETFs was $50.204 million, with an ETF net asset value ratio (market capitalization as a percentage of total SOL market capitalization) of 0.49%, and a historical cumulative net inflow of $199 million.
Stablecoin company Zerohash obtains EU MiCA license in the Netherlands
According to Cointelegraph, Zerohash, a stablecoin company, announced on Sunday that its European branch has received a license from the Netherlands Financial Markets Authority (AFM) under the EU's Crypto Asset Markets Regulation (MiCA). This license allows the company to offer stablecoins and crypto products to banks, fintech companies, and payment platforms in 30 European Economic Area (EEA) countries. The AFM's official register confirms that Zerohash has become a Registered Crypto Asset Service Provider (CASP). This approval makes Zerohash's European branch a CASP, enabling it to provide core support to organizations exploring tokenized assets, stablecoins, and other blockchain-based financial products. Previously, it was reported that Mastercard planned to acquire the crypto startup Zerohash for up to $2 billion.
