The meme coin rally in the BSC ecosystem continues, with MUBARAK surging over 68% in 24 hours.

Robinhood has teased that it will officially announce new developments in the stock token space this week.

Crypto venture capital firm Hashed has led a new private digital asset credit fund targeting $300 million. The fund was founded by Mohamed Hamdy, an Abu Dhabi-based investor and co-founder of Further Ventures, and is managed by Thoro Capital Management, where Hamdy also serves as managing partner. Thoro will directly provide U.S. dollar-denominated loans settled via stablecoins to digital asset institutions, with Hashed acting as the fund’s primary investor. Hashed noted that the credit fund aims to address a "critical financing bottleneck" in the institutional digital asset sector. Traditional banks are constrained by regulatory capital requirements, while existing crypto lending platforms typically demand asset collateral. Consequently, even profitable, audited market infrastructure firms have to rely on costly short-term collateralized loans instead of accessing credit financing based on their business fundamentals. The fund seeks to resolve this key financing challenge for institutional digital assets through a "covenant-based" underwriting approach.

According to YuEjin Monitoring, 5 hours ago, a whale spent 2.28 million USDC on-chain to purchase 6.64 million USELESS at an average price of $0.34.

According to a Wall Street Journal report, a source familiar with the matter disclosed that the U.S. Commodity Futures Trading Commission (CFTC) is investigating prediction market Kalshi for wash trading. Earlier allegations claimed that since August, Kalshi traders have executed nearly 1 million trades in the Ethereum futures market, each for nearly identical amounts. This unusual activity has caught the attention of federal regulators and market participants. In a blog post, Kalshi asserted that no fake trades occur on its platform, noting that recurring quotes are fixed prices posted by market makers, which faster traders take advantage of. Kalshi co-founder Luana Lopes Lara told The Wall Street Journal in an interview that it is not unusual for exchanges to attract large traders to new markets to boost broader adoption. "Any market trying to launch new products and new businesses will go through this process," she said. "It’s very normal."

After losing $35.44M shorting $ZEC, Garrett Jin(@GarrettBullish) tried to chase the rally and go long on $ZEC 7 hours ago, but quickly closed the position, taking another $79K loss!

Alameda Research (FTX Bankruptcy Estate) is selling $ETH! It deposited 23,639 $ETH ($65.05M) into Wintermute 4 hours ago to sell.