Author: John Smith
Nasdaq-listed insurance technology company Reliance is betting big on privacy tokens and has converted its entire crypto treasury into Zcash after a strategic overhaul. Summary Reliance Global Group has converted its entire crypto treasury into Zcash following a strategic review. Zcash’s compliance-ready privacy model was a core factor in its decision to consolidate holdings. “Our decision to consolidate our DAT into Zcash reflects a high-conviction belief in ZEC’s long-term potential and its unique position at the convergence of cryptography, compliance, and financial privacy,” Moshe Fishman, a member of the Reliance Global Group Crypto Advisory Board, was quoted as saying in…
Monad’s first week on mainnet hasn’t been entirely smooth, with users now reporting spoofed ERC-20 token transfers after mainnet launch. Summary Monad users reported spoofed ERC-20 transfers shortly after MON debut. The fake transfers don’t move funds but are crafted to look legitimate, a common scam tactic on new EVM chains. No assets have been reported lost, and the network continues to see strong demand following MON airdrop. Reports regarding widespread spoofing incidents began circulating on Tuesday, Nov. 25, a day after the mainnet debut. Monad co-founder and chief technology officer James Hunsaker warned on X that scammers were broadcasting…
MegaETH has run into problems that forced the team to pull back from an expansion of its token sale. Summary A misconfigured multisig and overloaded KYC APIs were some of the issues that caused repeated failures during launch. Rate-limits on Sonar’s infrastructure contributed to the breakdown. No funds were at risk, but the user experience failed, prompting MegaETH to pause expansion. According to a Nov. 25 series of posts on X, MegaETH said it is no longer pursuing its plan to increase its pre-deposit cap from $250 million to $1 billion after a string of technical issues disrupted the event. …
In a year when cryptocurrency stocks have mostly moonwalked downward, executives at some of the sector’s top firms managed to secure fat compensation packages. Summary Crypto executives secured generous compensation despite falling stock prices. Some packages included protections against market declines. Activist shareholder Paul Glazer is opposing Pompliano’s M&A/pay package. According to SEC filings reviewed by Protos.com, several crypto pros enjoyed a bump in pay. David Bailey: The CEO of bitcoin treasury company Nakamoto and a noted President Trump ally pulled together a stacked package: signing bonus, consulting fees, stock options, restricted stock units, cash bonuses, and even private jet…
Swedish fintech giant Klarna is dipping its toes — or maybe its entire checkbook — into the crypto pool with the launch of a USD-pegged stablecoin. Summary Klarna’s new stablecoin has a mainnet rollout planned for 2026 and future expansion to merchants and consumers. The objective is to reduce costs and improve efficiency, leveraging Stripe’s Bridge infrastructure. Klarna is joining other major firms in the growing $304 billion stablecoin market. KlarnaUSD, built on Tempo, the layer-1 blockchain developed by Stripe and Paradigm. The token is live on Tempo’s testnet, with a full mainnet rollout planned for 2026. KlarnaUSD is being…
BNB is trading at a level that previously marked a breakout in 2024, according to market data. After pulling back from its recent peak, the cryptocurrency is testing a former resistance level now functioning as support. Summary BNB has retraced to the upper boundary of an ascending channel that capped its 2024–2025 rally. BNB Chain’s active addresses have steadily increased in 2025, rising from under 1 million daily users early in the year to peaks near 3.5 million/ Futures open interest has declined from September highs, suggesting traders are waiting for clearer directional cues. The digital asset declined over the…
Despite ongoing crypto market volatility, Metaplanet opted for a leveraged strategy for its latest Bitcoin acquisition. Summary Metaplanet is leveraging to acquire more Bitcoin, despite volatility The firm tapped an additional $130 million from its $500 million loan facility The Tokyo-listed firm recently announced a $135 million share offering Due to ongoing volatility in the crypto markets, markets expect digital treasury firms to slow down their acquisitions. However, Tokyo-listed Metaplanet is not one of them. On Tuesday, November 25, the firm announced that it drew a new $130 million loan from its Bitcoin-backed credit line. The latest loan brings Metaplanet’s…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Utility-driven tokens gain momentum as memecoins plunge, with Digitap’s soaring presale drawing investor attention. Summary Memecoins slump in the bear market while Digitap surges 160%, emerging as the top utility-driven presale pick. Digitap’s omnibank utility and token burns boost demand, positioning TAP as a standout amid falling altcoins. Digitap’s Black Friday sale and 40% discount accelerate sales past 132m tokens, fueling bullish investor momentum. The crypto bear market is fully underway, and memecoins are being hit the hardest. Having…
JPMorgan cut ties with Strike CEO Jack Mallers, who said that his advocacy of Bitcoin and criticism of Jeffrey Epstein was behind it. Summary Strike CEO Jack Mallers claims JPMorgan debanked without a given reason Mallers called out JPMorgan over its alleged ties with Epstein Under current legislation, banks are still held liable for their clients’ criminal activity Despite significant regulatory and political changes, debanking remains a problem for crypto firms. On Monday, November 24, Mallers revealed that JPMorgan Chase closed his accounts without warning, citing suspicious activity. However, Mallers claims that the reason for his debanking was political. Mallers…
Enso, a platform that streamlines the work of connecting DeFi protocols, will support the launch of the Monad mainnet on November 24. The integration means developers building on Monad will have immediate access to tools for creating applications across trading, lending, bridging, stablecoin minting, and more. Summary Monad is set to debut its high-speed Layer-1 blockchain on November 24, and it won’t be doing it alone. Enso — a developer tooling platform known for collapsing complex integrations into simple API calls — will plug into Monad from the moment the network goes live. The move strips out much of the…