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Breaking News
Senator Elizabeth Warren, one of the crypto industry's most vocal critics in Washington, is expected to become chair of the US Senate Banking Committee when the new Congress convenes in January 2027, according to The Wall Street Journal.
Canary Capital Launches First US Staked INJ ETF on Nasdaq
The first US-listed exchange-traded fund tied to Injective's INJ token began trading on Nasdaq, putting a spotlight on the blockchain known for DeFi and tokenized real-world assets.
Official Trump Token Falls 26% in a Week, Leading Memecoin Losses
The TRUMP token, the official memecoin of the Trump brand, has fallen 26% over the past week, a bigger decline than any other major political token.
Bitwise NEAR ETF Posts Second Straight Weekly Outflow of $4.38 Million
Bitwise's spot NEAR ETF has recorded its weakest week since launch, as investor demand for the first U.S. fund tracking NEAR cools after a strong start with two consecutive weeks of net outflows.
What the Markets Think
Fed raises rates in December?: 77%.
Warren's new Banking Committee role could complicate crypto policy, but prediction markets are far more concerned about the December Fed decision, with hike odds climbing to multi-month highs.
Bitcoin drops to $70K before 2027?: 52%.
Traders assign higher odds to downside than recovery despite BTC trading near $76K, reflecting skepticism about a year-end rally.
Netanyahu out by June 2027?: 68%.
Geopolitical markets are heating up as Israeli coalition talks intensify, with traders pricing in a two-thirds chance the current prime minister exits by mid-2027.
The Big Story
Senator Elizabeth Warren, one of the crypto industry's most vocal critics in Washington, is expected to become chair of the US Senate Banking Committee when the new Congress convenes in January 2027, according to The Wall Street Journal.
The move could bring far greater scrutiny of blockchain companies and crypto firms, as Warren is currently the committee's top Democrat and Republican Tim Sheehy holds the chair.
The Banking Committee oversees financial regulation, reviews nominees for agencies like the SEC and CFTC, and can issue subpoenas to demand testimony or documents from companies.
Warren has criticized crypto firms for operating without sufficient consumer protection, questioned prediction markets about insider trading safeguards, and opposed industry-backed legislation like the CLARITY Act.
Top Stories
Injective Rises as Canary Capital Launches First US Staked INJ ETF on Nasdaq
Injective's INJ token has gained ground after the first US-listed exchange-traded fund tied to the asset began trading on Nasdaq, putting a spotlight on the blockchain known for DeFi infrastructure and tokenized real-world assets.
The Canary Staked INJ ETF, which trades under the ticker INJC, is the first US fund to offer exposure to staked INJ, meaning the fund earns staking rewards in addition to holding the underlying token.
Stellar Network Adds 10,000 to 15,000 New Wallet Addresses Daily
Stellar is seeing a sharp rise in new wallet creation, with daily address growth averaging around 15,000 in recent weeks, according to data from DefiLlama.
The network, which is designed for cross-border payments and financial inclusion, has consistently added between 10,000 and 15,000 new addresses per day over the past month, a rate that suggests sustained organic growth rather than a short-term spike.
Avalanche Passes 1.6 Billion Mainnet Transactions Roughly Six Years After AVAX Launch
Avalanche has processed more than 1.6 billion transactions on its mainnet, according to data from analytics platform Chainspect, a milestone reached roughly six years after the AVAX token launched in September 2020.
The figure reflects cumulative activity across Avalanche's primary network and subnets, including gaming, DeFi, and enterprise applications that have driven transaction volume over time.
Deep Dive of the Week
Nullmask Extends Zero-Knowledge Privacy Protocol Support to Monad Blockchain
Privacy protocol Nullmask has extended support to the high-performance Monad blockchain, giving users on the EVM-compatible layer 1 access to zero-knowledge transaction shielding.
The integration allows Monad users to obscure transaction details like sender, receiver, and amount using Nullmask's on-chain privacy layer, which relies on zero-knowledge proofs to validate transactions without revealing underlying data.
By the Numbers
1.6 billion:
Cumulative transactions processed on Avalanche's mainnet, roughly six years after the AVAX token launched in September 2020.
$37.6 billion:
All-time volume processed by NEAR Intents, the cross-chain execution layer built on NEAR Protocol, now approaching the $38 billion milestone.
10,000 to 15,000:
Daily new wallet addresses added to the Stellar network in recent weeks, according to DefiLlama data.
$13.42 million:
Total value locked in DeFi on Canton Network, up around 65% since August as the institutional-focused blockchain sees growing activity.
26%:
Weekly decline in the official TRUMP memecoin, the largest drop among major political tokens.
$4.38 million:
Net outflows from Bitwise's spot NEAR ETF over its second consecutive week of redemptions, marking the fund's weakest period since launch.
On Our Radar
Ether.fi Liquid Bold USD Vault:
Ether.fi, the DeFi platform best known for liquid staking, has introduced a new vault called Liquid Bold USD, launched in partnership with Cap and Midas to pursue higher-yield strategies.
Canton Network DeFi growth:
Total value locked in DeFi on Canton Network has climbed to $13.42 million, up around 65% since August as the blockchain built for institutional finance sees steady capital inflows.
Monad privacy expansion:
Nullmask has extended zero-knowledge privacy protocol support to the Monad blockchain, giving users on the high-performance EVM layer 1 access to transaction shielding.
Until tomorrow.