The Cointelegraph Press Review

Cointelegraph.com News

• Bitcoin whale Metaplanet ‘underwater’ but eyeing more BTC: Asia Express
  Metaplanet might be underwater, but it’s doubling down on Bitcoin — plus a new survey shows 6 in 10 Singaporeans hold crypto. Asia Express. Japans largest corporate Bitcoin holder, Metaplanet, plans to raise around $135 million to accumulate more BTC, even as the assets price continues to trade below $90,000.The company is choosing to raise […]
• Tom Lee speculates wounded market makers behind crypto crunch
  Crypto’s recent slump could be the result of a market maker liquidity crisis triggered by the crypto crash in October, speculates BitMine’s Tom Lee. The recent downward pressure on the cryptocurrency market could be the result of deep holes in the balance sheets of market makers, according to Tom Lee, chairman of Ether treasury company […]
• Kalshi’s valuation marked up to $11B after $1B funding round: TechCrunch
  Kalshi has joined predictions market rival Polymarket in the $10 billion-plus valuation club after reportedly raising another $1 billion from Sequoia Capital and CapitalG. Predictions market platform Kalshi has reportedly raised an additional $1 billion from at least two venture capital firms, increasing its valuation to $11 billion.Kalshi’s latest funding round was led by Sequoia […]
• Ex-prosecutor denies promising not to charge FTX executive's partner
  One of the US attorneys behind the prosecution of former FTX executives testified as part of an evidentiary hearing exploring one of their plea deals. Danielle Sassoon, one of the US attorneys behind the prosecution of former FTX CEO Sam “SBF” Bankman-Fried, took the stand in an evidentiary hearing involving a deal with one of […]
• SEC to hold privacy and financial surveillance roundtable in December
  The slated roundtable discussion comes as privacy experiences a renewed focus from crypto industry executives and civil liberties activists. The US Securities and Exchange Commission’s Crypto Task Force has scheduled a roundtable discussion centered on privacy and financial surveillance for December, as a renewed focus on privacy grips the cryptocurrency industry.The privacy roundtable is slated […]
• ETH DATs have a problem: Ether’s crash below $3K vaporized a year’s worth of gains
  Ether treasury companies are holding millions of dollars in unrealized losses, and the falling mNAV valuations and ETH’s potential to fall below $2,500 may further complicate matters. Key takeaways:Ether treasury companies are sitting on millions of dollars of unrealized losses, raising concerns about their sustainability.Ether treasury companies trading below NAVs signal eroding confidence, potentially pressuring […]
• AI hedge fund Numerai wins backing from top university endowments, token soars
  Numerai's NMR token jumped over 40% after it announced a new funding round led by major university endowments, pushing the hedge fund to a $500M valuation. Numerai raised $30 million in a Series C round led by top university endowments, giving the AI-driven, crypto-incentivized hedge fund a $500 million valuation — five times its valuation […]