Bitwise has updated its filing with the U.S. Securities and Exchange Commission (SEC) for its spot Avalanche ETF. The revision changes the ETF's ticker symbol to BAVA and sets a sponsorship fee rate of 0.34%, currently the lowest among similar products. In comparison, VanEck's Avalanche ETF has a fee rate of 0.40%, and Grayscale's is 0.50%. The updated S-1 filing also states that the trust will be allowed to stake up to 70% of its AVAX holdings on Avalanche's proof-of-stake network to earn additional tokens. However, the issuer is considering deducting 12% of the proceeds as fees, with the remainder distributed to shareholders. Since competitors have not yet launched staking services, their fees are currently limited to sponsorship fees. Bitwise is also offering a full fee waiver for the first month on its initial $500 million in assets, aiming to position BAVA as the lowest-cost way for traditional investors to gain exposure to Avalanche and earn staking income. (CoinDesk)

Amundi, Europe's largest asset manager, has launched its first tokenized share class for a euro money market fund. The fund is now offered in a hybrid structure, allowing investors to choose between a traditional version and a new blockchain-based version. The first transaction was recorded on the Ethereum network on November 4th. This product launch was accomplished in partnership with European asset services group CACEIS, which provided the tokenization infrastructure, investor wallets, and a digital order system for processing subscriptions and redemptions. According to the two companies, tokenizing the fund simplifies order processing, expands investor reach, and enables 24/7 trading. (Cointelegraph)

Two members of the Balancer protocol community submitted a proposal on Thursday outlining a distribution plan for a portion of the funds recovered from the $116 million attack that occurred on the protocol in November. Of the $116 million theft, approximately $28 million has already been recovered by white-hat hackers, internal rescue teams, and the Ethereum liquidity staking platform StakeWise. However, the proposal only covers the $8 million recovered by white-hat hackers and the internal rescue team; the nearly $20 million recovered by StakeWise will be distributed separately to its users. (Cointelegraph)

Within a decade, Polymarket's model will devour most of the traditional financial system. Every vertical sector will resist and regulate it, but ultimately they will all succumb.

Terraform Labs co-founder Do Kwon is fighting a legal battle on two fronts as he is begging for U.S. prosecutors to limit his prison term to five years as prosecutors in South Korea are weighing a potential 40-year sentence over his role in the collapse of the Terra ecosystem.

It has been reported that a complete disruption to the CME Globex futures and options market has caused underlying market data to stop updating, and all liquidity providers are unable to provide real-time quotes for products such as US indices. Consequently, some products in the Bybit TradFi product line (such as certain indices and crude oil) are affected. Please note: • Affected CME-linked products are currently unable to provide real-time quotes. • Opening, closing, and modifying orders for these products are temporarily unavailable. • Stop-loss and other risk control orders may not be triggered until market conditions resume. • XAUUSD (gold) is unaffected and can be traded normally. Bybit is closely monitoring the progress of the CME disruption. Once the CME resumes normal market operations, trading in related products will also resume simultaneously. The CME has not yet provided an estimated recovery time.

Balancer has identified six whitehat actors who recovered approximately $3. 9 million across multiple networks during the exploit. source: https://decrypt.co/350310/balancer-outlines-reimbursement-plan-following-128m-exploit

According to CoinMarketCap (CMC) data, the CMC Altcoin Season Index currently stands at 20. The index measures market performance by analyzing the top 100 cryptocurrencies by market capitalization to determine whether the market is shifting towards altcoins or Bitcoin dominance.  

Europe’s leading asset manager Amundi is launching the first tokenized money market fund, and it has chosen the Ethereum blockchain. source: https://cryptopotato.com/europes-largest-asset-manager-launches-tokenized-fund-on-ethereum/

The UK has proposed a “no gain, no loss” approach to decentralized finance transactions, scrapping capital gains taxes on deposits to crypto lending platforms. source: https://cointelegraph.com/news/uk-crypto-tax-reform-no-gain-no-loss-defi-lending-liquidity-pools?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

In this post: Today, Bybit announced support for USDT0 on the Mantle Network, enabling users to deposit and withdraw Tether’s omnichain stablecoin across chains with ease. Mantle becomes the largest exchange-linked Layer 2 network as a result of the cooperation, promising quicker and more seamless stablecoin transfers. According to the announcement, Mantle and Bybit are […] source: https://www.cryptopolitan.com/bybit-and-mantle-network-unite-to-advance-omnichain-usdt0-liquidity/

تُضيف بوتان خطوة تخزين الإيثر الجديدة إلى نشاطها المتصاعد في عالم البلوكشين، لتواصل كونها واحدة من قلائل الحكومات التي تحتفظ بالبيتكوين على ميزانيتها. source: https://ar.cointelegraph.com/news/bhutan-stakes-eth-figment-validator?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The feedback on public blockchain projects after their launch has been indifferent; nobody seems to care about new public blockchains. However, Monad, which launched this week, has shattered this notion. Why is there such a massive wave of criticism against Monad? What market psychology does it reveal?

Why is the trading volume of derivatives for all financial assets worldwide shifting from fixed-term futures and options contracts to perpetual contracts that never expire?

The x402 + Switchboard is actually a perfect replica of Alipay + Taobao: the protocol provides the tools, and the supply side (data sellers) provides the market.

While the overall market is weakening, Zcash and other privacy coins are bucking the trend and rising, as regulatory pressure, delisting, and anti-money laundering rules are reshaping the field.

A massive fire tore through eight residential blocks in Tai Po, Hong Kong, killing at least 94 people and injuring 76. Hong Kong’s crypto companies responded quickly, donating over HK$40 million to support rescue and relief efforts.

Bitcoin’s (BTC) rebound toward $91,000 marks a decisive recovery from its recent dip to the $82,000 zone, with macro tailwinds — chiefly expectations of an imminent Federal Reserve rate cut — re-energizing market sentiment.

When we talk about prices, we're actually talking about the future. If you only focus on prices, the future will definitely slip away before your eyes. Bull markets are just noise; bear markets are the magnifying glass, the microscope, the revealing mirror.

Resource scarcity, accelerated spending, and intensified competition! Bridgewater's co-chief investment officer warns that the world is entering "a more dangerous phase" of the AI ​​cycle, but investors are still unprepared for what's to come.