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Texas has become the first US state to purchase Bitcoin for its treasury, making a $10 million acquisition as part of a broader strategic initiative. The move comes during a market pullback that some view as a favorable entry point. This decision positions Texas as an early leader in state-level digital asset adoption and may influence how other states approach cryptocurrency in the future.Sponsored SponsoredTexas Starts With ETF AccessState officials said Texas executed the transaction through BlackRock’s spot Bitcoin ETF as a regulated and practical entry point. The purchase was presented as a step toward integrating Bitcoin into long-term treasury planning…

MegaETH’s pre-deposit event unraveled on Tuesday after a cascade of technical failures disrupted what was meant to be a controlled opening for verified users. In an X post, the team said that configuration errors and rate-limit issues caused the platform’s Know Your Customer system to fail. The pre-deposit was an early window for verified users to lock in MEGA token allocations.In addition to the KYC failures, a fully signed Safe multisig transaction — prepared for a later cap increase — was executed prematurely, allowing new deposits to flow in and pushing the raise past its intended $250 million limit.“The $250M…

Bitwise’s Matt Hougan believes that larger DATs gain major advantages in debt markets, lending capacity, derivatives access, and M&A opportunities. Bitwise Chief Investment Officer Matt Hougan outlined a valuation framework for digital asset treasury companies (DATs) and said that analysis of the sector often misunderstands how these firms should be priced relative to the assets they hold. In a series of posts, Hougan said the core question for valuing any DAT is to consider what the company would be worth if it had a fixed lifespan. Illiquidity, Expenses, and Risk He explained that a Bitcoin-focused DAT announcing a same-day shutdown…

XRP is leading the race for altcoin supremacy in the US crypto exchange-traded fund (ETF) market with its record performance since last month.In less than 10 trading days, the new crop of US spot XRP ETFs has registered cumulative inflows of roughly $587 million, compared with approximately $568 million for their Solana counterparts.This surge turns the sector’s hierarchy on its head, establishing XRP as the primary venue for non-Bitcoin and Ethereum risk appetite in a market otherwise defined by outflows and defensive positioning.Solana vs XRP ETFsSolana ETFs had set the early pace in the sector.Since debuting on Oct. 28, US…

Klarna launches KlarnaUSD, a USD-pegged stablecoin, on Stripe and Paradigm’s Tempo chain. KlarnaUSD targets cheaper cross-border payments before wider consumer rollout. Stablecoin market surges past $300B as major fintechs adopt blockchain rails. Klarna has taken a major step into digital finance with the announcement of KlarnaUSD, a USD-pegged stablecoin built on Tempo, the new layer-1 blockchain developed by Stripe and Paradigm. Introducing KlarnaUSD, our first @Stablecoin. We’re the first bank to launch on @tempo, the payments blockchain by @stripe and @paradigm. With stablecoin transactions already at $27T a year, we’re bringing faster, cheaper cross-border payments to our 114M customers. Crypto…

Profitability across the Bitcoin mining industry is facing new strain amid rising network competition and declining revenue conditions.Bitcoin miners are facing a fresh squeeze as the network’s hashrate — a measure of the total computing power competing to secure the Bitcoin network — climbed to a record 1.16 ZH/s in October while Bitcoin’s (BTC) price fell toward $81,000 entering November, according to a report by The Miner Mag.Hashprice, which tracks miner revenue per unit of computing power, fell below $35 per hash, dropping under the $45/PH/s median total hashprice reported by public mining companies. The decline leaves several operators approaching…

Bitcoin is once again at the center of heated market discussions, not because of a price breakout, but due to a dramatic rise in volatility that is catching the attention of analysts, institutional traders, and crypto derivatives platforms. Over the past two months, volatility has pushed toward the 60% mark, a level not seen since major speculative cycles in previous years. The trend is highlighting what many believe could be an early shift into an options-driven market phase—something that historically laid the foundation for explosive bullish runs. Unlike most pullbacks that occur with fading activity, the current price decline has…

TD Cowen analysts say Strategy’s stock could face continued pressure due to an impending MSCI review.  The firm expects that PBTCs like Strategy will be removed from all MSCI indexes this February. A formal decision is expected around mid-January. Cowen called the potential removal “capricious” but emphasized that investors should prepare for sustained selling pressure. The analysts note that Strategy is not a fund, trust, or holding company. Instead, it is a public operating company. Its $500 million software business generates all of its revenue.  Meanwhile, its Bitcoin treasury operations are innovative and active, offering unique Bitcoin-backed securities. “Removing Strategy…

In brief Strategy didn’t purchase any Bitcoin last week, per TD Cowen. The Bitcoin-buying firm’s stock price has fallen 38% this year. Michael Saylor recently defended the company’s prospects. Strategy typically starts the week by highlighting the amount of Bitcoin that recently was added to its stockpile, yet the company was unusually silent on Monday.The Bitcoin-buying firm stopped purchasing the asset for the first time in several weeks, as its stock price hovered near a 14-month low, according to TD Cowen Analyst Lance Vitanza.“We found out this morning that Strategy did not issue any securities under any of its ATMs,…

Joerg Hiller Nov 24, 2025 07:10 Discover the latest dApps on BNB Chain, featuring advancements in DeFi, AI, and Web3 gaming. Explore projects like Altai and Khorus driving the blockchain ecosystem forward. The BNB Chain ecosystem continues to expand with a new wave of decentralized applications (dApps) entering the scene. This week, several innovative projects have emerged, spanning categories such as decentralized finance (DeFi), artificial intelligence (AI), and Web3 gaming, according to BNB Chain. Highlighting the Latest Projects Among the notable newcomers is Altai, a next-generation decentralized Real-World Asset (RWA) exchange, which aims to transform the way assets are traded…