This article will explore how Coinbase's diversified businesses work together to achieve its vision.

According to official sources, Strategy has announced that the amount raised for its perpetual preferred stock STRE has increased from €350 million to €620 million (approximately US$715.1 million). The issuance and sale of STRE shares are scheduled to close on November 13, 2025, subject to customary closing conditions.

According to Foresight News, the U.S. Senate is considering holding additional meetings over the weekend to expedite the government's reopening before the upper chamber's recess next week. The sooner the government resumes operations, the earlier the Senate Banking Committee and Agriculture Committee can schedule revisions for their respective market structure bills, contingent upon receiving the bill texts. Key personnel have been working tirelessly this week to resolve critical issues, though the timeline for the draft's release remains uncertain. David Sacks, the White House's head of cryptocurrency and artificial intelligence affairs, expressed optimism after speaking with the two primary drafters of the legislation on Wednesday, anticipating a bipartisan draft soon. The Agriculture Committee's bill text may include annotations indicating areas still under negotiation between the parties. Senators initially aimed to complete revisions before Thanksgiving, but this now seems unlikely. If an agreement to restart the government is reached this weekend, only one week remains for meetings before the holiday, making December a more probable timeframe for revisions. However, given Congress's unpredictable nature, the outcome remains uncertain.

According to Odaily, Bitwise CEO Hunter Horsley announced on the X platform that the Bitwise Solana ETF (BSOL) experienced an inflow of $30 million yesterday. Since its launch, the ETF has seen daily inflows over the past eight days, with the total inflow now exceeding $500 million.

According to BlockBeats, the Senate version of the Cryptocurrency Market Structure Bill remains incomplete, with the U.S. Senate potentially continuing discussions over the weekend. Once the government resumes operations, the Senate Banking Committee and Agriculture Committee are expected to schedule hearings for their respective versions of the bill. An industry insider involved in bipartisan discussions within the Banking Committee revealed that all parties are working diligently to resolve key differences. Although progress appears promising, there is no clear timeline for the draft's completion. Meanwhile, the Agriculture Committee's draft is still undergoing changes. Last week, multiple sources indicated that the bipartisan versions were nearing finalization, with the text possibly being released as early as this week. David Sacks, the White House's head of cryptocurrency and AI, held a call on Wednesday with the bill's primary drafters—Agriculture Committee Chairman John Boozman (Republican-Arkansas) and Senator Cory Booker (Democrat-New Jersey). Following the call, Sacks expressed encouragement about the progress and anticipated seeing a bipartisan draft "soon." It is evident that the previously envisioned goal of reviewing the bill before Thanksgiving is becoming increasingly unrealistic, with December now appearing more likely. However, as is typical with the U.S. Congress, outcomes remain uncertain.

According to Cointelegraph, a recent survey by the Alternative Investment Management Association (AIMA) reveals a significant shift in traditional hedge funds towards digital assets. As of 2025, 55% of these funds have exposure to cryptocurrencies, marking an 8% increase from the previous year. This trend underscores a growing institutional interest in the crypto market, despite its inherent volatility. The survey included responses from 122 hedge fund managers, collectively managing $982 billion in assets. On average, these funds allocate 7% of their portfolios to crypto-related assets. However, most hedge funds maintain a conservative approach, investing less than 2% in cryptocurrencies. Notably, 71% of the surveyed funds plan to increase their crypto exposure within the next year. A significant portion, 67%, are engaging with cryptocurrencies primarily through derivatives, avoiding direct exposure. The report highlights concerns about vulnerabilities in derivatives markets, particularly regarding excessive leverage and inadequate institutional infrastructure. The evolving regulatory landscape in the United States is a major factor driving increased allocations to digital assets. Nearly half of the respondents attribute their growing interest to changes in U.S. regulations. Recent developments include the Trump administration's overhaul of digital asset rules and bipartisan efforts in the Senate to advance a comprehensive crypto market structure bill. Despite challenges posed by the ongoing government shutdown, there is momentum among lawmakers to push the legislation forward. North Carolina Republican Senator Thom Tillis has cautioned that Congress has limited time to enact crypto legislation before election-related activities potentially delay progress. The GENIUS Act, which outlines a stablecoin payments framework, is currently undergoing a second public comment period as it moves closer to implementation. These regulatory advancements are pivotal in shaping the future of digital assets and their integration into traditional financial systems.

Bitwise CEO Hunter Horsley posted on the X platform that the Bitwise Solana ETF (BSOL) saw inflows of $30 million yesterday. Since its launch, it has seen inflows every day for the past 8 days, and the total inflows into BSOL to date have exceeded $500 million.

The Senate version of the draft "Cryptocurrency Market Structure Act" is still incomplete, and the U.S. Senate may continue deliberations this weekend. Once the government reopens, the Senate Banking Committee and the Agriculture Committee can immediately begin planning the review dates for their respective versions of the market structure bill. An industry source involved in the bipartisan discussions on the Banking Committee revealed that all relevant personnel have been "working tirelessly" this week, resolving key differences around the clock. Progress appears to be smooth, but there is still no clear timetable for when the draft will be released. White House Crypto and AI Director David Sacks spoke on Wednesday with the bill's two main drafters—Agriculture Committee Chairman John Boozman (Republican-Arkansas) and Senator Cory Booker (Democrat-New Jersey). After the meeting, he said he was "encouraged by the progress" and looked forward to seeing a bipartisan draft "nearby." (Crypto In America)

Crypto infrastructure company Commonware announced the completion of a $25 million funding round, led by Tempo. Commonware founder Patrick O'Grady declined to disclose other investors involved in the funding round, stating only that the company is dedicated to developing open-source code to help others launch their own blockchain projects. (Fortune)

On Nov 07, 2025, 12:55 PM(UTC). According to Binance Market Data, BNB has dropped below 930 USDT and is now trading at 929.890015 USDT, with a narrowed 1.55% decrease in 24 hours.

Canadian biopharmaceutical company Quantum BioPharma Ltd. reported in its third-quarter financial and operating results that it has realized $572,000 in gains year-to-date from its digital asset portfolio, primarily composed of Bitcoin. (Globenewswire)

There was a time when the rules of the primary market were relatively clear: venture capitalists provided the funding, key opinion leaders (KOLs) amplified the voices, and retail investors provided liquidity. But today, this system seems to be breaking down.

Recommended reading tonight: 1. The culprit behind the Stream collapse: DeFi Curator's crisis and opportunity; 2. The bloody history of the top ten cryptocurrency scams that swindled billions; 3. MEV is not destiny, but a choice that blockchain must face.

Crypto Market: A Billion-Dollar Scam - The Blood and Tears History of the Top Ten Crypto Scams (Golden Finance) Cryptocurrency itself is not a scam, but scams always seem to emerge alongside new fields.

Trump's cryptocurrency advisor, David Bailey, warned that the credit crisis in the DeFi lending sector is evolving into a cryptocurrency liquidity crisis.

Coinbase Europe was fined €21.5 million by the Central Bank of Ireland after its system failed to monitor over 30 million transactions worth more than €176 billion between 2021 and 2022. The errors, caused by coding mistakes, meant some potentially suspicious transactions linked to crime went unchecked, and Coinbase has since fixed the system and strengthened its controls.

Chinese singer-dancer Xin Liu has unveiled the official music video for her latest single Passion — filmed entirely in Singapore — joining a growing list of international artistes collaborating with the Singapore Tourism Board (STB) to spotlight the city’s cultural and creative landscape.

When application costs approach zero, operating costs are fixed and controllable, and payment frictions disappear, a massive number of "long-tail super individual businesses" will inevitably emerge in the market.

In the early hours of November 7, Tesla shareholders cast an unprecedented vote, with over 75% of the votes approving Elon Musk's $1 trillion compensation plan.

If you don't understand where the returns on an investment come from, then you are the returns.