Bithumb to add TON/KRW, METIS/KRW spot trading pairs on November 21

    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.

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    BitGo launches Singapore subsidiary to bolster services in APAC region

    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. 

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    Modular DEX protocol Valantis raises seed round at $40 million valuation

    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.

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    Marathon Digital Holdings Issues $850 Million in Convertible Notes to Buy Bitcoin

    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.

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    Trump to Discuss Cabinet Appointments With Coinbase CEO: WSJ

    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.

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    ME Airdrop for Magic Eden Traders Could Be Lucrative Based on Pre-Market Price

    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.

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    BlackRock Bitcoin ETF Options Begin Trading Tuesday

    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.

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    Ethereum ETFs Are Finally Going Strong After Trump's Win

    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.

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    Bitcoin Whale Sees 150,000,000% Gain, Holding From $120 to $179 Million

    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.

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    Floki Meme Coin Pumps on Coinbase Listing Plans

    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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