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Here's a quick preview of today's content: Exploits push Q3 crypto hacks toward $1.2B, Russia bans peer-to-peer bitcoin trading, Ledger launches Atom touchscreen device, Schwab completes retail crypto rollout, MSCI removes crypto treasury firms from index, and so much more

Curious how we source the VC section every morning? It's powered by Fundable. What we like it for crypto: half these rounds break somewhere you'd never think to look, an Italian business paper, a token sale that goes live on X before it reaches the feeds you check. Fundable reads all of it and pulls it into one place, so the digging is already done by the time you go looking. tryfundable.ai

It's finally Friday - Let's dive in.

Market Snapshot

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• Bitcoin briefly slides below $80,000 for the first time in a month as hot wholesale inflation revives rate-hike fears

  • Nearly $1B in crypto bets liquidated as BTC, ETH, and XRP slide, with altcoins seeing 'outsized drawdowns'

  • BTC miners plunge up to -13% in Wall Street's worst selloff since July

  • ZEC tanks double digits while HEX sinks -31%

• U.S. wholesale inflation accelerates to 6.3% in its largest jump since 2022

Prediction Markets

• Who's getting the Person of the Year?

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Headline Roundup
^{_{The major headlines driving crypto markets}}

• Ex-Trump crypto adviser profits from passing stablecoin bill (CT)

• Google cracks quantum computing bottleneck (DC)

• MSCI removes crypto treasury firms from index (TB)

• Larry Fink warns data center halt tips the US into recession (DC)

• Judge rejects Gemini and CFTC bid to undo $5M settlement (BBG)

• Schwab completes retail crypto rollout (TD)

• Mastercard and BVNK launch 'Global Money Platform' (DC)

• Binance shuts down its mining pool (CD)

• Hyperliquid wants U.S. oversight of trading platforms (CD)

• Stripe and Plasma develop stablecoin cards (TD)

• Bitcoin's volatility falls within S&P 500 ranks (BM)

• VanEck withdraws application for Ether ETF (CT)

• DeFi Development boosts dividend to 14% (TB)

• Helius CEO joins NEAR Foundation (TB)

• Tron sets up $200M share offering for acquisitions (CT)

• Starknet opens vote on Ethereum exit (CT)

The round is already public. Just not on the feed you check.

A crypto raise is almost always public before it reaches the feeds you check. The catch is where. Sometimes it's a business paper in another language. Sometimes it's a token sale that goes live on X. Fundable reads all of it.

Sometimes the round breaks in another language. Young Platform, one of Italy's crypto exchanges, pulled in a €22.5M round led by the asset-management group Azimut. It ran across the Italian business press, Milano Finanza and StartupItalia, and barely registered in US crypto feeds. Fundable had it as a deal the day it broke.

Sometimes the raise isn't a press release, it's a token sale on-chain. Credible, a Solana payments startup backed by Circle and Colosseum, opened a community raise on MetaDAO, announced in a post on X and reshared by Solana. It pulled in over $32M of commitments against a $4M cap, more than 10x oversubscribed. The whole thing ran in crypto-native channels, not the mainstream outlets most people check. Fundable logged it as a deal the day it posted.

Different languages, different corners of the internet, same result: Fundable reads thousands of sources across every region and pulls them into one place as real-time data. You see the round the hour it breaks, flowing straight into your sourcing or outbound workflow via API, MCP, or the site.

tryfundable.ai

Venture Capital

• Binance.US seeks $1B valuation in $100M funding round (CT)

• Multiliquid, a settlement platform for tokenized assets, raises $8M from Polychain (TB)

• Tokenized exchange IPX closes $4M round led by Bitsurge Holdings and YICIPX Holdings Family Office (TD)

Access the complete VC deal flow on Fundable.

M&A Announcements

• Decentralized social network Farcaster gets acquired by Network School (TB)

Launches

• Ledger launches Atom touchscreen device (DC)

• OKX opens onchain perps (TD)

• Ripple Prime adds RWA swaps (TB)

• Crypto.com launches Predict Pro (TD)

• Babylon advances Bitcoin lending (CT)

Regulation

• Russia bans peer-to-peer bitcoin trading (DC)

• Australia seeks stiffer rules for crypto exchanges (CD)

• EBA designates USDC as the EU's token (TB)

• Sweden revisits digital krona (CT)

Cybersecurity

• Exploits push Q3 crypto hacks toward $1.2B (CT)

• Scammer loses $4.8M on tampered Ledgers (CT)

• South Korea plans security overhaul after crypto firm attacks (CT)

Extra Reads

• Researchers make two-way contact with a "fleet" of rogue AI agents running loose on the internet by hiding a message only machines could read, which had been relentlessly scraping Alibaba's map service, to write back - Here's how researchers got rogue AI agents to talk

Chart of the Day

CEX volumes rose for a second straight month

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