South Korean crypto exchange Bithumb has announced on its official website that it will list two spot trading pairs, TON/KRW and METIS/KRW, at 20:00 KST on Nov. 21.
The digital asset services firm BitGo launched a subsidiary in Singapore to broaden services Asia-Pacific region.
In addition to other services, BitGo Singapore offers cold storage for over 1,100 digital assets, voice trading, automated settlement and token management for foundations, protocols and other organizations, according to a release shared with The Block.
"Our team is committed to providing our clients with the highest quality products and services while maintaining strict regulatory standards. We look forward to further strengthening the APAC digital assets ecosystem," said BitGo Singapore CEO Youngro Lee in a statement.
Valantis Labs, the developer behind the modular decentralized exchange (DEX) protocol Valantis, has raised $7.5 million in pre-seed and seed funding rounds.
The pre-seed round, worth $3.5 million, was raised in April 2023, while the $4 million seed round closed in September 2024, Valantis Labs co-founder Deven Matthews told The Block. Cyber Fund and Kraken Ventures co-led the pre-seed round, while SevenX Ventures led the seed round, Matthews said. Other participants included Semantic Ventures, Figment Capital, Robot Ventures, Anthony Sassano and Sandeep Nailwal.
Both rounds were structured as simple agreements for future equity (SAFE) with token warrants, Matthews said. The pre-seed round valued Valantis at $20 million, while the seed round doubled that valuation to $40 million, he added.
Marathon Digital Holdings plans to issue $850 million in convertible notes to repurchase debt, acquire Bitcoin, and fund corporate initiatives. The net proceeds will be used for repurchasing existing notes, acquiring more Bitcoin, and general corporate purposes, including working capital and strategic acquisitions.
President-elect Donald Trump is set to meet privately with Coinbase CEO Brian Armstrong to discuss personnel appointments for his second administration, unnamed sources told the Wall Street Journal. Trump, who has become a vocal supporter of the crypto industry, plans to appoint a bitcoin and crypto presidential advisory council for regulatory guidance.
The ME Foundation revealed plans for a significant ME token airdrop, distributing 125 million tokens to Magic Eden users. The pre-market price surge of $2.50 resulted in a 233% gain in 24 hours, potentially making it one of the top 20 crypto airdrops of all-time if the projected price holds.
Options on BlackRock's iShares Bitcoin Trust ETF (IBIT) will begin trading Tuesday, a Nasdaq spokesperson confirmed to Decrypt. The move is coming following decisions from the CFTC and OCC that cleared the way for the anticipated offering.
Spot Ethereum ETFs have seen a turnaround in investor sentiment, with net inflows reaching $94 million on Tuesday and climbing to $238 million by Thursday. Despite initial outflows and market dips, optimism has returned, driven by hopes of a pro-crypto administration.
A whale recently moved 2,000 Bitcoin, valued at $179 million, after holding them for 14 years since acquiring them for $0.06 each. The whale transferred the digital gold to Coinbase, likely to sell after a 150,000,000% appreciation.
Floki, a meme coin named after Elon Musk's dog, surged 21% to a five-month high after being added to Coinbase's listing roadmap. The recent spike has nearly doubled Floki's price in the last seven days, despite some earlier losses.
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