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HONG KONG, Nov. 6, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) today released a letter to shareholders at the one-year milestone of its bold transformation to a robust Bitcoin mining operation. CEO Paul Yu reflected on this milestone, emphasizing Cango’s vision to deliver energy-secured HPC services. The journey began in November 2024 with Bitcoin mining as a practical entry point to secure energy access, build operational expertise, and create flexible sites for long-term goals.In just eight months, Cango scaled to a 50 EH/s global platform by acquiring 32 EH/s of on-rack mining machines in November 2024, followed by 18 EH/s in…

The BNB Chain ecosystem continues to expand and evolve, showcasing significant developments from October 16 to 22, 2025. According to the BNB Chain blog, the blockchain platform has witnessed remarkable activity in terms of user engagement and new project launches. Key Metrics During the reported week, the BNB Smart Chain (BSC) recorded an average of 2,508,097 daily active users, while the opBNB network saw 1,884,460 daily users. The total transaction count reached 143.48 million on BSC and 22.33 million on opBNB. The trading volume for the week stood at $87.5 billion, with a total value locked (TVL) of $13.42 billion…

Welcome to the institutional newsletter, Crypto Long & Short. This week:Sygnum Bank’s Pascal Eberle writes that investors are recognizing that custody is less about holding assets and more about proving you’re holding them correctly.CoinDesk Indices’ Andy Baehr provides a “Vibe Check,” writing about how on the heels of NYC election day, among other political activity, the crypto market is awaiting a new leader to spark its next rally.In “Chart of the Week,” we examine the ETH price relative to average DeFi pool yields and BTC/ETH funding rates.-Alexandra LevisExpert InsightsRedefining the Custody Standard for Banking- By Pascal Eberle, chief of staff,…

Key takeaways:Bitcoin (BTC) tumbled more than 8% this week, slipping below the $100,000 mark for the first time since June as long-term holders offloaded roughly $45 billion worth of BTC. BTC/USD vs. Nasdaq, Dow Jones, and S&P 500 indexes year-to-date chart. Source: TradingViewThe sell-off intensified amid sharp declines in AI-related stocks, which fueled a broader risk-off shift across markets. Data resource The Kobeissei Letter said that BTC has “officially entered a bear market territory” after correcting by around 20% from its record high on Oct. 6. Nevertheless, some indicators suggest BTC can still avoid a full-blown bear market, but several things…

Greenwich, CT, November 5th, 2025, ChainwireLeverage Shares by Themes is thrilled to announce the launch of GEMG, a first-to-market single-stock leveraged ETF with exposure to GEMI, available for trading November 5, 2025.The firm continues to expand its leveraged single-stock ETF lineup across the digital asset ecosystem; the debut of GEMG is hot on the heels of the firm’s recent launches of the Leverage Shares 2X Long BMNR Daily ETF (BMNG) and Leverage Shares 2X Long BLSH Daily ETF (BLSG), which became available for trading on October 27, 2025.These ETFs are designed to equip investors to amplify returns (up and down)…

Paris, France, November 5th, 2025, ChainwireZama, the cryptography company behind the Zama Confidential Blockchain Protocol, today announced that it has acquired KKRT Labs, a pioneering research and development firm focused on scaling blockchains using Zero-Knowledge Proofs. This strategic acquisition strengthens Zama’s technical depth in blockchain scalability and validity (ZK) rollups, while accelerating its ability to deliver high-performance confidentiality to all public blockchains.Unlocking the Next Phase of Scalable Onchain ConfidentialityKKRT Labs (also known as “Kakarot”) brings deep expertise in designing high-performance proving architectures and modular rollup systems for Ethereum-equivalent environments. Backed by investors such as Vitalik Buterin, Starkware, Lambda Class, and…

When Iowa Attorney General Brenna Bird filed lawsuits against CoinFlip and Bitcoin Depot earlier this year, a few astroturfed voices cried that this consumer protection push was “anti-crypto.” They’re wrong. Crypto ATMs – physical kiosks that let users buy crypto – have become a vehicle for fraud, and they need reform.Law enforcement, regulators, and consumer advocates have all raised concerns about these machines for years. DC AG Brian Schwalb sued Athena Bitcoin in September. Pennsylvania AG Dave Sunday has warned that BATMs are a “magnet for scammers.” Arizona AG Kris Mayes even posted “STOP” signs at some crypto ATM locations. Congressional scrutiny…

Los Angeles, USA, November 4th, 2025, ChainwireMevolaxy, a US-based mevstake platform, has released an intuitive mobile app to provide an easy solution for users who prefer managing their assets on the go. Additionally, the company announced that the latest investor payouts have set another record after the one set in June. These two developments highlight Mevolaxy’s commitment to providing maximum user convenience as part of its community-centric approach.Mevolaxy specializes in developing MEV bots and subsequently using them within the Mevstake system. Mevstake is the platform’s proprietary technology that locks in the user’s staking terms for the whole duration of their…

Victoria, Seychelles, November 4, 2025 – MEXC, a leading global cryptocurrency exchange, announced the successful conclusion of its USDf Unbound Campaign, which ran from October 3 to November 2, 2025. The month-long initiative attracted over 200,000 participants and recorded more than $50 million in daily trading volume for FF, driving a 136% increase in FF and USDf token holders.The campaign, launched in collaboration with Falcon Finance, offered users zero-fee trading across multiple pairs and high-yield staking opportunities with rewards of up to 200% APR. Trading activity remained robust throughout the campaign period, with FF/USDT spot pairs maintaining daily volumes between…

The bankruptcy estate of the now-defunct crypto exchange FTX has dropped its bid to limit payouts to creditors in certain “restricted foreign jurisdictions.”On Monday, the FTX Recovery Trust filed a notice withdrawing its request to implement special procedures for jurisdictions such as China, which had been flagged as potentially restricted under the confirmed bankruptcy plan.“If and when the FTX Recovery Trust seeks to renew the relief requested in the Motion, the FTX Recovery Trust shall file a motion and provide notice in accordance with the applicable rules,” the notice states, adding that the motion has been withdrawn without prejudice.The trust…