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Breaking News
Official Trump Memecoin (TRUMP) Falls After Democrats Win Both Chambers of Congress
The official Trump memecoin was among the biggest decliners in the crypto market on Wednesday, after Democrats won control of both chambers of Congress in the US midterm elections.
Polygon Proposes Hard Fork to Recover 70.49 Million POL Tied to Polymarket and Binance Hacks
A Polygon Labs team member has proposed a hard fork of the Polygon PoS mainnet to recover about 70.49 million POL linked to two historical exploits, one involving Polymarket and another tied to Binance.
CZ Urges Traders to Revoke SignalPlus API Keys as Binance Removes Access
Changpeng Zhao (CZ), the founder of Binance, has urged traders who use SignalPlus to manually revoke any API keys they previously generated on Binance, saying the exchange has removed the platform's access on the backend.
Trump Media Moves 4,259 Bitcoin (BTC) to Crypto(.)com Ahead of November 30 Note Repayment Option
Wallets linked to Trump Media & Technology Group (DJT), the parent company of Truth Social, have moved 4,259 BTC to Crypto(.)com, an unusual transfer that could be connected to the company's November 30 debt decision.
What the Markets Think
Blue mega-tsunami in 2026? 99.6%. The market locked in the Democratic sweep hours before networks called it, and the official Trump token is paying the price this morning.
Will Bitcoin reach $100k in November? 27%. BTC is trading around $80,000 today after Trump Media moved 4,259 coins to an exchange, and traders are pricing less than one in four odds it reclaims six figures this month.
Dem sweep & Gas hits $3.50 by end of 2026? 6% "Yes, sweep and $3.50 gas", 94% "Sweep but no $3.50 gas". The new Congress will control energy policy, but traders think pump prices stay below that threshold.
Ethereum above $2,400 on November 5? 65%. ETH is hovering near that line today as the Canary Staked Injective ETF gets Nasdaq approval, keeping altcoin ETF speculation alive.
The Big Story
Nasdaq Approves Listing of Canary Staked Injective (INJ) ETF Under Ticker INJC
Nasdaq has approved the listing of the Canary Staked INJ ETF, a fund that would give US investors regulated exposure to Injective's INJ token along with staking rewards.
The ticker is INJC, and Canary Capital has said the fund will stake INJ through validators on the Injective blockchain.
This marks another altcoin ETF crossing the approval threshold in 2026.
The listing follows similar altcoin ETF greenlights earlier this year, and signals continued momentum in the regulated crypto investment product space.
Injective (INJ) led CoinGecko top 100 gainers at $7.93 as crypto markets rebounded on Wednesday.
Top Stories
House Democrats Discuss Broader Crypto Market Structure Bill With Expanded SEC Oversight
House Democrats are discussing a broader crypto market structure bill for the next Congress, according to reporting by Eleanor Terrett.
The plan could revive provisions Rep. Maxine Waters previously proposed, expand the role of the SEC and narrow the role of the CFTC.
It may also add ethics rules aimed at crypto activities by President Donald Trump and other federal officials.
Canton Strategic Holdings Completes First Tokenized US Stock Trade Under SEC Innovation Exemption
Canton Strategic Holdings (NASDAQ: CNTN), the company that holds Canton Coin as part of its strategy to support the Canton Network, has completed the first tokenized trade of US stocks under the SEC Innovation Exemption.
The trade involved CNTN shares themselves, using Canton's Daml smart contracts and a permissioned distributed ledger to settle onchain while meeting regulatory requirements.
The SEC Innovation Exemption permits qualifying firms to test new technology in compliant environments.
Ripple executives are pushing back on the view that the US midterm elections were a setback for crypto, pointing to wins by pro-crypto candidates in both parties.
CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty said the election results show bipartisan support for digital asset policy remains strong, regardless of which party controls Congress.
They highlighted several candidates backed by industry groups who won their races on Tuesday.
Deep Dive of the Week
The Banks And Firms Behind Canton: Who Governs It, And Who Uses It?
Canton is one of the most ambitious institutional blockchain projects in production, and its governance and user base read like a who's who of global finance. Digital Asset built the network. Institutions such as DTCC, Euroclear, Goldman Sachs, BNY, HSBC and BNP Paribas help govern it through the Canton Foundation. Firms such as Broadridge, ASX and HQLAX run applications on top of it, handling everything from repo clearing to equity settlement. This deep dive unpacks who sits where, what each institution does, and how the network's federated architecture keeps competitors collaborating without exposing proprietary data.
By the Numbers
70.49 million POL:
The amount Polygon Labs wants to recover through a proposed hard fork, tied to historical exploits involving Polymarket and Binance.
4,259 BTC:
The size of the Bitcoin transfer from Trump Media to Crypto(.)com, worth roughly $340 million at current prices.
111%:
The one-week increase in stablecoin market capitalisation on Plume Network, pointing to growing liquidity and usage on the RWA-focused blockchain.
69%:
The weekly increase in Stellar's DEX volume, with Aquarius accounting for nearly all of the surge according to DeFiLlama data.
10,000 matches per second:
The throughput LayerZero's Zero blockchain achieved during a month-long pilot with 21X AG, the first venue licensed under the EU's DLT Pilot Regime.
2^81 queries:
The computational resources a newly published paper says would be required to execute a collision attack on Sei Network's LtHash function, a figure far beyond what is practical today.
On Our Radar
Pumpfun expansion:
Pumpfun, the memecoin launchpad behind the PUMP token, has added tokens from the Avalanche and NEAR Protocol ecosystems to its trading app.
Apex Group & Chainlink Swift demo:
Apex Group, Chainlink, T-REX Network and the ERC-3643 Association have demonstrated a modular compliance framework for onchain bonds that follows Swift standards, with Swift joining the ERC-3643 Association.
Ledger adds Morpho:
Ledger has added Morpho to its direct access program, allowing users of the Ledger hardware signer to connect straight to the Morpho App without a browser extension.
Osmosis community burn:
Osmosis has burned 55.5 million OSMO from its community pool after governance passed Proposal 1057 with 91.1% of votes in favour.
Until tomorrow.