Author: James Wilson
Toobit launches $1M rewards campaign with Chris Sharma Summary Toobit, with Chris Sharma, unveils a $1 million trading campaign offering crypto prizes, high-end devices, and branded merchandise. The promotion rewards users for onboarding, deposits, and trading activity across various platform services. Toobit also spotlights its $50 million risk reserve fund, protecting traders against platform-related incidents—but not market risks. Toobit, a cryptocurrency exchange based in the Cayman Islands, announced the launch of a trading campaign featuring a $1 million prize pool, according to a company statement. The campaign, titled “Trails to Triumph with Chris Sharma,” includes participation from professional rock climber…
Tether is pushing into Latin America with the acquisition of the regional digital asset custody platform, Parfin. Summary Tether is expanding its presence in Latin America with the Parfin acquisition Parfin offers crypto custody, asset management, and tokenization solutions to institutional clients From the start of 2025 until October, Latin America recorded almost $1.5 trillion in transactions Tether is betting big on Latin America as one of the fastest-growing global crypto hubs. On Thursday, November 20, the world’s largest stablecoin issuer acquired Parfin, a London- and Rio de Janeiro-based firm specializing in custody, tokenization, and settlement. According to Paolo Ardoino,…
Numerai — the San Francisco hedge fund that looks more like a sci-fi lab than a Wall Street operation — has raised $30 million in Series C funding, the company announced. Summary Numerai scored backing from university endowments and existing investors like Union Square Ventures and Paul Tudor Jones. The AI-driven hedge fund now marches toward nearly $1 billion in AUM. Numerai plans to expand AI engineering, grow its global data science tournament, and scale institutional products. The round, led by university endowments, values Numerai at $500 million. That’s a fivefold leap from 2023, suggesting the company’s AI models were…
Tokyo-listed Metaplanet plans to issue Class B perpetual shares worth $135 million to expand its Bitcoin reserves. Summary Metaplanet announced issuing about $135 million in shares to buy Bitcoin Class B shares will have no voting rights, but will have redemption at listing The firm currently owns 30,823 Bitcoin, worth about $2.69 billion As corporate Bitcoin adoption strengthens worldwide, one Metaplanet is taking an increasingly aggressive approach. On Thursday, November 20, the Tokyo-listed Bitcoin treasury firm announced the issuance of 23.61 million Class B Preferred Shares, valued at about $135 million. The firm will use the proceeds of these sales…
Analysts at JPMorgan warn that more than 20% of Strategy’s market cap sits in passive indices, which are now threatening to delist it. Summary Michael Saylor’s Strategy could lose $2.8 billion if MSCI removes it from its passive indices The Bitcoin treasury firm could lose a further $8.8 billion out of its $50 billion market cap if others follow MSCI is currently considering a proposal to exclude crypto treasury firms from its benchmark indices Michael Salyor’s Bitcoin buying machine could face a reckoning that could wipe out more than 20% of its total market cap. On Wednesday, November 19, analysts…