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Crypto stocks IREN, NAKA struggle amid convertible note deals

Shares in Bitcoin miner IREN and treasury company Kindly MD have closed with losses on Tuesday after each announced multimillion-dollar convertible note deals amid a slowdown in venture capital activity in the crypto sector.
Shares in IREN (IREN) finished Tuesday’s trading session with a gain
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Major US labor union says Senate crypto bill lacks ‘meaningful safeguards’

The largest federation of trade unions in the US says it has “serious concerns” about the Senate’s draft bill to regulate crypto, claiming it lacks worker protections and poorly regulates the sector
The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) opposed the
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‘Hundreds of simulations’ pin Bitcoin at 50% odds of $140K this month

Bitcoin has a 50% probability of surpassing $140,000 this month, according to simulations using data from the past decade, says economist Timothy Peterson.
“There is a 50% chance Bitcoin finishes the month above $140k,” Peterson said in an X post on Wednesday. “But there is a 43% chance Bitcoin fin
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Solana’s $2.8B revenue outpaces Ethereum’s early growth: 21Shares

Solana generated $2.85 billion in revenue over the past year, according to a new report from 21Shares, driven by trading platform activity.
Between October 2024 and September 2025, Solana averaged about $240 million in monthly revenue, peaking at $616 million in January during the memecoin boom
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Grayscale stakes $150M ETH as SEC altcoin ETF deadlines approach

Crypto-focused asset manager Grayscale staked $150 million worth of Ether after introducing staking for its exchange-traded products (ETPS) on Monday.
The asset management company staked 32,000 Ether (ETH) worth $150 million, according to blockchain data platform Lookonchain.
The transfer
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Make AI prove it has nothing to hide

Opinion by: Avinash Lakshman, Founder and CEO of Weilliptic
Today’s tech culture loves to solve the exciting part first — the clever model, the crowd-pleasing features — and treat accountability and ethics as future add-ons. But when an AI’s underlying architecture is opaque, no after‑the‑fact
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BNY explores tokenized deposits to power $2.5T daily payment network: Bloomberg

BNY, the largest custodian bank in the world, is exploring tokenized deposits to enable clients to transfer funds instantly, 24/7, while easing constraints of its legacy systems.
Carl Slabicki, executive platform owner for Treasury Services at BNY, told Bloomberg that the project is part of an
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Breez launches Time2Build to boost Bitcoin Lightning development

Industry initiative Time2Build is paying developers to integrate the Breez Bitcoin Lightning Network software development kit (SDK) into existing open-source projects, aiming to drive lasting adoption rather than short-term experimentation.
According to a Tuesday announcement shared with
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SharpLink Ether holdings near $1B in unrealized gains as ETH surges

SharpLink Gaming’s Ether holdings surged in value as the cryptocurrency climbed nearly 4.5% in the past 24 hours, pushing the company’s unrealized gains close to $1 billion.
On Tuesday, the company said its unrealized profit from its Ether (ETH) purchases has surpassed $900 million since it
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NYSE parent invests $2B in Polymarket at $9B valuation

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has invested $2 billion in cryptocurrency-based prediction market Polymarket.
According to a Tuesday Polymarket X post, the ICE invested $2 billion in the prediction market. The deal values Polymarket at a $9
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Streamex shares soar 20% on gold-backed stablecoin pre-sale launch

Streamex saw its stock surge over 20% on Monday after announcing a pre-sale for its upcoming gold-backed stablecoin, GLDY. The digital asset, designed to generate an annualized yield of up to 4.0%, will open for qualified investors on or before Nov. 10.
The GLDY token offers exposure to physical go
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The crypto industry has a ‘ghost utility’ problem — This project aims to fix it

goodcryptoX, an “all-in-one” trading platform that unifies centralized and decentralized exchanges, aims to combat “ghost utility” with tangible benefits, including a simple revenue-sharing model, trading rewards and a deflationary burn funded by all platform revenue streams.
Many crypto tokens a
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Fasset wins Malaysia license for stablecoin-powered ‘Islamic digital bank’

Fasset has received a provisional license from Malaysia’s Labuan Financial Services Authority (FSA) to launch what the company claims is the first stablecoin-powered “Islamic digital bank.”
The license allows Fasset, an all-in-one financial super app, to operate within a regulated sandbox focused o
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Gold rally implies $644K per Bitcoin in ‘equivalent value’ — VanEck

Bitcoin could be worth half as much as gold by its next halving, slated for 2028, and the recent rise in gold prices would price the cryptocurrency at $644,000 in “equivalent value,” analysts say.
“We’ve been saying Bitcoin should reach half of gold’s market cap after the next halving,” Matthew
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US Bitcoin reserve funding ‘can start anytime’ — Senator Lummis

Crypto-friendly US Senator Cynthia Lummis has confirmed that acquiring funds for the US Strategic Bitcoin Reserve (SBR) can “start anytime” now, though legislative red tape is holding it back
In an X post on Monday, Lummis said that while it remains a “slog” on the legislative side of things,
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