Odaily Planet Daily News: MoonPay Inc. has acquired cryptocurrency payment startup Meso Network, moving towards building a global payment network that supports both crypto and fiat currencies, and can compete more directly with Circle Internet Group Inc. and Visa Inc. The terms of the agreement were not disclosed. Its CEO Ivan Soto-Wright said that the acquisition can improve support for the U.S. banking system and optimize the developer platform to facilitate product integration. Meso co-founders Ali Aghareza and Ben Mills will serve as MoonPay's chief technology officer and senior vice president of products, respectively. The two previously worked at PayPal's Braintree department and Venmo, respectively. People familiar with the matter revealed that MoonPay is negotiating with investors for a new round of financing, and its valuation is expected to increase further from US$3.4 billion in 2021. The spokesperson declined to comment.
The acquisition of Meso Network is reportedly MoonPay's fourth acquisition this year, following its previous acquisitions of Iron, Helio, and the unannounced Decent.xyz deal. (Bloomberg)
According to on-chain analyst Yu Jin's monitoring, 5.355 million UNI tokens held by a whale are being transferred to centralized exchanges.
Four days ago, this batch of tokens was transferred to the 0xF436 address. Currently, 780,000 UNI (worth approximately US$7.56 million) have been transferred to multiple centralized exchanges.
According to MyStonks data, at the close of U.S. stocks, the Dow Jones Industrial Average rose 0.11% to 45,883 points; the S&P 500 rose 0.47% to 6,615 points; and the Nasdaq Composite Index rose 0.94% to 22,348 points.
Crypto treasury companies mostly rose.
BitMine Immersion Technologies (BMNR) closed down 3.59% at $53.11;
Circle Internet (CRCL) rose 6.97% to $134.05;
Tron (TRON) fell 16.30% to $3.01;
Sol Strategies (HODL) fell 11.78% to C$9.06;
SharpLink Gaming (SBET) fell 5.14% to $16.79;
ETHZilla (ETHZ) fell 7.06% to $2.37;
Riot Platforms (RIOT) rose 4.97% to $16.68;
Upexi (UPXI) fell 6.29% to $6.33;
ALT 5 Sigma (ALTS) fell 6.22% to $3.92.
It is reported that MyStonks is a decentralized RWA trading platform that has launched hundreds of RWA tokens, covering US stocks and ETF token targets such as AAPL, AMZN, GOOGL, META, MSFT, NFLX, and NVDA.
Odaily Planet Daily reports that Trump's nominee for Federal Reserve Board member, Milan, received enough votes to pass the U.S. Senate's nomination vote and will be confirmed as a member of the Federal Reserve Board. (Jinshi)
Odaily Planet Daily News: The U.S. Securities and Exchange Commission (SEC) and the cryptocurrency exchange Gemini have reached a "settlement in principle" in a multi-year litigation case.
Court documents filed Monday with U.S. District Judge Edgardo Ramos of the Southern District of New York by lawyers for both parties indicate that the two parties have reached a settlement agreement in principle that will fully resolve the litigation, but it still requires review and approval by the Commission. Both parties also requested a stay of all pending dates.
The U.S. SEC filed a lawsuit against Genesis Global Capital and Gemini in January 2023, accusing them of conducting unregistered securities offerings and sales to retail investors through the Gemini Earn program. Launched in 2021 by Gemini, led by the Winklevoss brothers, the program allowed customers to lend cryptocurrencies to the now-bankrupt Genesis Global Capital and earn an annualized yield of up to 7.4%. (The Block)
Odaily Planet Daily Market News: A US appeals court refused to allow Trump to remove Federal Reserve Board Governor Lisa Cook. (Jinshi)
According to Odaily Planet Daily, Robinhood Markets Inc. (HOOD) plans to launch "Robinhood Ventures Fund I," a publicly traded fund offering US retail investors access to private companies. CEO Vlad Tenev stated that for decades, wealthy individuals and institutions have been able to invest in private companies, while retail investors have been shut out. The new fund will allow ordinary people to access investment opportunities once reserved for the elite. Previously, Robinhood allowed EU users to purchase tokenized shares tracking well-known private companies such as OpenAI. This new fund, focused on the US market, will make long-term investments through IPOs and subsequent phases, targeting multiple industries. Robinhood noted that investment opportunities have shrunk in recent years, with the number of US public companies falling from approximately 7,000 in 2000 to approximately 4,000 in 2024, while the number and value of private companies have increased, exceeding $10 trillion in total. Robinhood has submitted a registration statement to the US SEC for the fund's public offering and hopes to list on the New York Stock Exchange under the ticker symbol RVI. (The Block)
According to Odaily Planet Daily, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, stated that with the rise of digital asset reserves (DATs), Ethereum may benefit more than Bitcoin and Solana. His report notes that the recent decline in DATs' market net asset value (mNAV) will force companies to differentiate themselves and may drive consolidation among Bitcoin reserves. In contrast, Ethereum and Solana reserves may have higher mNAVs due to their ability to generate staking income, and the Ethereum reserve is more mature and has a more significant advantage. Currently, DATs hold 4% of Bitcoin, 3.1% of Ethereum, and 0.8% of Solana, and the size of their holdings significantly influences token prices. Kendrick believes that market saturation is the primary reason for the valuation compression, but DATs still offer "selective investment value" because they provide access to digital assets in restricted regions. In the future, fund-raising capabilities, company size, and staking income will be key factors in differentiating DAT performance. He added that if some DATs trade below asset value for a long period of time, this could trigger consolidation, and strategic acquisitions may be more cost-effective than direct purchases. Overall, DATs will drive Ethereum’s outperformance over Bitcoin and Solana. (The Block)
According to crypto KOL AB Kuai.Dong, South Korean trader NAMSEOKHEE (Nan Shixi), who had opened more than 60 long orders for altcoins due to betting on the altcoin season, has just closed all of his long orders, leaving only the last order of ENA (currently with a floating loss of US$109,000).
He had previously used this strategy to make a profit of $712,000 USD a week ago. However, convinced that the altcoin season would soon arrive, he ultimately did not close most of his positions, causing all his profitable trades to eventually turn into losses.
Odaily Planet Daily News: Software-as-a-service provider Yueshang Group, its parent company Next Technology Holding (NASDAQ: NXTT), has submitted a $500 million shelf offering document, and plans to use part of the raised funds to purchase Bitcoin.
The company's current market value is temporarily reported at US$77.1597 million.
Odaily Planet Daily News: Bitwise submitted the S-1 application document for Avalanche ETF (0002086017) to the US SEC.
Coinbase announced the launch of spot trading for Boundless (ZKC), subject to liquidity availability. ZKC is now available on coinbase.com, the Coinbase app, and Coinbase Advanced, with direct access for institutions through Coinbase Exchange. The token is an ERC-20 asset.
According to CryptoRank, among the top ten tokens in Binance Wallet's historical IDO return rate, seven projects are from BNB Chain - MYX Finance (2102 times), OKZOO (413 times), Alaya AI (40 times), Myshell (36.8 times), RICE AI (34.5 times), Elderglade (24.5 times) and Lorenzo (22 times), with historical return rates ranging from 20 times to 2000 times.
In addition, among the top 20 BNB Chain projects in terms of IDO returns, Meet 48, MilkyWay, Particle, Bubblemaps and other projects all achieved returns of more than 15 times.
According to Dune data, Binance Alpha has listed over 300 projects, nearly two-thirds of which are BNB Chain tokens. Currently, the top five projects by Alpha trading volume are all from the BSC ecosystem, and eight of the top ten are from the BSC ecosystem, fully demonstrating BNB Chain's dominant position in the Alpha ecosystem.
Odaily Planet Daily News: Spot gold broke through $3,680 per ounce, rising 1.00% on the day. Breaking through the previous high, it set a new all-time high.
Pendle announced the official launch of its cross-chain PT functionality, with the first product being Ethena Labs' PT-USDe (available in November 2025), deployed on the Avalanche chain. Pendle stated its mission is to make PT a universal cross-chain collateral for DeFi, with the potential to expand to off-chain applications in the future.
