Crypto Industry News & Market Trends

Maple Finances strategy rift sends co-founder, COO to the exits

Two senior executives are leaving onchain asset manager Maple Finance over disagreements about the firms direction as its SYRUP token slid more than 7% Thursday.　　Maple co-founder and executive chairman Joe Flanagan said Wednesday he would leave after seven years at the firm, describing a growing divide with fellow co-founder and CEO Sidney Powell.　　“Over time, our views on strategy, leadership, and life have moved further apart,” Flanagan wrote. “I believe Maple is best served by one co-founder leading it forward from here.”　　Chief operating officer Ryan O‘Shea also said in a Thursday post on X that he would leave after nearly five years at Maple. “I’ll be stepping down as COO. I‘ve come to a different view on the direction Maple should take, and I’ve decided its time to step aside,” he wrote.　　SYRUP traded at $0.12 at 10:36 p.m. UTC Thursday, down 7.5% over 24 hours and 12% over the past week, according to CoinGecko. The token had a market capitalization of about $145 million.　　Maple and Powell did not respond to Cointelegraphs requests for comment by publication.　　Maple says leadership shakeup will not disrupt anything　　In a statement published Wednesday, Maple confirmed that Flanagan was stepping down as chairman and leaving the company. “This

23 hours agoIndustry

Solana treasury Forward Industries flashes a 30% SOL discount, with a catch

Forward Industries Nov. 10 update puts the Solana treasury companys shares at a 29.7% discount to net assets using common shares alone.　　Related Asset Solana #7 SOL · $81.52 24-hour change: down 2.16% Loading price history… 24H Down 2.16% 7D Down 8.69% 30D Down 23.59%　　Counting all the potential shares in the same disclosure, that discount shrinks to 2.4%. The difference is who could eventually share in the assets.　　The share count is key almost as much as the treasury for investors comparing Nasdaq-listed FWDI with buying Solana directly.　　The capitalization update uses a $5.53 share price and $600.2 million of net asset value (NAV). Forwards accompanying 8-K says the figures are preliminary, unaudited, and incomplete.　　Related Company Nasdaq An American stock exchange　　Three discounts for three share counts　　Dividing the same net assets among more potential shares produces three distinct comparisons:November 9 basisShare countNAV per shareCalculated discountCommon shares76,288,215$7.8729.7%In-the-money fully diluted90,300,322$6.6516.8%Fully diluted105,933,854$5.672.4%　　Each discount is calculated as 1 minus the share price divided by NAV per share, using unrounded values.　　The middle count already recognizes substantial claims beyond issued common stock: 12.27 million vested warrants with a displayed exercise price of $0.00, 689,010 options and 1.05 million unvested restricted stock units. It includes unvested options as well as vested

Yesterday 06:50Industry

NK hackers join memecoin trenches, xStocks adds Hong Kong equities: Asia Express

North Korean hackers create memecoins to launder funds　　North Korean hackers created memecoins to launder cryptocurrency stolen in the $6.3 billion Binance hack, according to a report from blockchain analytics firm Elliptic.　　Between Nov. 5 and 7, the hackers created at least six tokens on NEAR and used liquidity pools on decentralized exchanges to move $430,000 of stolen funds between wallets, Elliptic said. However, the tokens attracted almost no outside trading and were abandoned shortly after launch.　　Elliptic said the same laundering technique was also used following the $1.5 billion Bybit hack in 2025, when North Korean-linked actors moved at least $24 million through a newly created token on the TRON blockchain.　　HONG KONG　　Hong Kongs wealthy investors are embracing crypto. (Chi Hung Wong)　　xStocks tokenizes 200 stocks in UK and EU, with hundreds from Hong Kong coming soon　　Kraken parent Paywards xStocks platform has added tokenized versions of more than 200 stocks listed in the United Kingdom and European Union.　　Payward said the latest expansion brings xStocks offering to more than 1,500 tokenized assets. The company reported more than $45 billion in cumulative transaction volume and over 550,000 unique holders.　　Payward said it plans to add hundreds of Hong Kong-listed equities in the coming weeks.　　Hong Kongs forthcoming crypto

Yesterday 06:40Industry

Stablecoin supply falls $14.2B in biggest 30-day drop since June 2022

Stablecoin supply fell by $14.2 billion over 30 days, the biggest drop since June 2022, according to Glassnode.　　Key points:The total supply of stablecoins fell by $14.2 billion over the 30 days to Nov. 9, the largest 30-day drop since June 2022.Tether (USDT) is trading slightly below its US dollar peg.The Coinbase Premium Index remains negative after dropping to its lowest level in four years at the end of October.　　Stablecoin supply drop most acute since June 2022　　The rolling 30-day contraction in stablecoin supply hit $14.2 billion this week, more than the $9.5 billion drop seen as Bitcoin (BTC) fell below $58,000 on July 1. It also marks the most pronounced drawdown since June 2022, when supply fell by nearly $30 billion.　　Selected stablecoin supply data. Source: Glassnode　　Stablecoin liquidity is a key yardstick for gauging crypto market sentiment.　　“A shrinking supply means holders are redeeming stablecoins for dollars and taking that cash out of the market, which leaves less fuel for a rally,” Glassnode commented.　　USDT, the largest stablecoin by market cap, continues to trade slightly below its $1 peg, per data from TradingView. Glassnode attributes the phenomenon to the “same pressure” from investors rotating out of the stablecoin market.　　“Should the 30-day change turn back

Yesterday 06:40Industry

Republican Senator Wants to Freeze AI Data Center Boom as Congress Pushes to Expand It

In briefRepublican Senator Josh Hawley wants a nationwide data center moratorium until Congress protects consumers from higher electricity rates.The Senate voted 73-25 on Monday to advance debate on a bipartisan bill that speeds energy infrastructure permits while making data centers cover added grid costs.New polling shows opposition crosses party lines, but Hawley has not introduced a detailed moratorium bill.　　Republican Senator Josh Hawley wants Congress to hit the brakes on new data centers, just as lawmakers are moving forward with legislation intended to make building the infrastructure behind Americas AI boom easier.　　The Missouri senator called for a nationwide moratorium Wednesday, listing it among five priorities for Senate Republicans during the six weeks before Democrats take control of the chamber.　　“Senate Republicans trying to figure out what to do in the next 6 weeks？” Hawley wrote on X. His answer included a moratorium on data centers, alongside defunding Planned Parenthood, suspending the gas tax and other Republican priorities.　　Predict·EconomySPY Lows in November　　7006%YesNo　　7109%YesNo　　72016%YesNo　　730-%YesNo　　740-%YesNo　　+2 more outcomes+1 more outcomes　　NEW　　$0.00 volume　　Dec 1Closes: Dec 1, 2026, 04:59 UTC　　Closes: Dec 1, 2026, 04:59 UTC　　A spokesperson told Politico that Hawley wants a federal pause until Congress passes a “bill of rights giving taxpayers guarantees of no rate increases.” Hawley has not

Yesterday 06:36Industry

Crypto Market Faces Its Biggest Liquidity Warning Since 2022

One of the clearest warning signs for crypto investors is coming from stablecoins.　　Stablecoin supply fell $14.2 billion over the 30 days through November 9, according to Glassnode. That is the sharpest contraction since June 2022, when the Terra collapse helped trigger a much deeper market crisis.　　Sponsored　　Sponsored　　The decline raises a question for the broader crypto market: Who is left to buy if investors keep withdrawing their money？　　Stablecoin Supply Shows Less Active Buyers　　Stablecoins such as USDT and USDC serve as cryptos cash reserves. Traders hold them before buying Bitcoin, Ethereum, or smaller cryptocurrencies.　　When investors redeem stablecoins for dollars, those tokens leave circulation. This reduces the pool of dollar-linked liquidity available for trading.　　30-Day Change in Stablecoin Supply. Source: Glassnode　　Glassnode warned that the contraction leaves “less fuel for a rally.”　　However, the $14.2 billion decline does not represent an equivalent loss in crypto prices. It signals reduced demand for holding dollars on-chain.　　Sponsored　　Sponsored　　How Bearish Is the Crypto Market？　　Other indicators support the warning.　　US spot Bitcoin ETFs recorded $1.6 billion in outflows over 20 sessions. Ethereum ETFs lost more than $1.8 billion across six consecutive weeks.　　Meanwhile, the Crypto Fear and Greed Index stood at 26 on November 11, indicating widespread fear.　　Bitcoins market dominance reached 60.5%, suggesting investors increasingly

Yesterday 06:29Industry

North Korea Stole $400 Million in Crypto Using Deepfake Video Calls, DOJ Says

In briefThe DOJ said North Korean hackers stole more than $400 million in crypto over 18 months via “FaceStealer,” a scheme using secretly recorded webcam footage and AI deepfakes of trusted figures to win targets trust on video calls.The hackers increasingly target open-source developers, apparently to enable supply-chain attacks.Separately, the DOJ has obtained authorization to seize over $1.2 billion tied to the Binance hack, part of $2.7 billion frozen.　　North Korean hackers have stolen more than $400 million in cryptocurrency over the past 18 months using a social-engineering scheme built on secretly recorded footage and AI deepfakes, the U.S. Justice Department said Thursday, as it announced the seizure of the infrastructure behind the operation.　　The scheme, which the FBI calls “FaceStealer,” turns video conference calls into a trap. According to the DOJ, hackers lure targets into meetings using accounts stolen from previous victims, then play prerecorded webcam footage of trusted contacts to simulate their presence and win the targets confidence.　　The group also generates deepfake videos of well-known figures in the crypto and related industries, using AI to make the ruse more convincing.　　Predict·CryptoBTC price on November 15, 4:59PM UTC　　Above 70,00078%YesNo　　Above 72,00044%YesNo　　Above 74,00012%YesNo　　Above 76,0002%YesNo　　Above 78,0001%YesNo　　+1 more outcomes　　NEW　　$0.26 volume　　Nov 15Closes: Nov 15, 2026, 16:59 UTC　　Closes:

Yesterday 06:06Industry

Suiet wallet to shut down in latest exit from Sui ecosystem

Cryptocurrency wallet Suiet is shutting down, adding to a series of closures and service withdrawals in the Sui ecosystem.　　Suiet, a self-custodial wallet built for the Sui blockchain, said in a notice that it will stop updating and supporting its wallet, with API services set to end after Nov. 14. The shutdown comes as the Sui network has seen a sharp decline in decentralized finance (DeFi) activity.　　Suis total value locked (TVL) stood at about $413 million on Wednesday, down more than 22% over the past month, according to DefiLlama data. Data from Token Terminal shows that Sui averaged about 128,000 daily active users in October, down from 601,000 in November 2025 – or around a 79% drop.　　Meanwhile, other recent closures have also raised concerns about the costs and challenges of keeping projects running on the Sui network.　　“Sui‘s problems seem to mostly be of an economic nature resulting from expensive engineering costs and low user volume rather than protocol failures,” Kadan Stadelmann, former chief technology officer of Komodo Platform, told Cointelegraph. “No flaw in the system’s core design has been found.”　　Cointelegraph reached out to the Sui Foundation and Suiet for comment but had not received responses by publication.　　Related: Sui DeFi protocol Full

Yesterday 05:49Industry

Anthropics new AI leads freelance benchmarks, yet fails 58% of the tasks

Anthropics Fable 5.2 ranks first on the Remote Labor Index, a test of complete freelance projects, with 41.3% of its deliverables judged to meet a professional reference standard.　　Related Company Anthropic AI models and research　　Scales Nov. 12 leaderboard lists Fable 5.2 at 41.3%, ahead of the next-highest model, Opus 5.5 at 21.25%. Anthropic reported the result in its Nov. 9 release announcement, labeling the RLI score “High effort” and indicating that safeguards were enabled.　　The original RLI paper, submitted in October 2025 by researchers from the Center for AI Safety and Scale AI, describes a dataset of 240 projects across 23 freelance work categories. Each includes a brief, the files needed to complete the task, and a professional human-reference deliverable.　　The selected projects include documents, audio, video, 3D models, and computer-aided design files. That range makes file production and finished-product quality part of the challenge, alongside understanding what the client requested.　　The researchers‘ original evaluation method uses trained human reviewers to inspect the AI’s work against the brief and reference deliverable.　　Independent evaluations and majority voting determine outcomes, and a project passes when the AIs deliverable satisfies the brief at least as well as the reference, at a quality a reasonable client would accept.　　A useful

Yesterday 05:40Industry

Strategy Made $19.5 Billion in Profit. So Why Is MSCI Removing It From Stock Indexes？

In briefMSCI will remove Strategys MSTR shares from its MSCI USA Index, affecting broader global benchmarks, after November 30.The index providers new rules target companies that resemble investment funds rather than operating businesses.Selling by index-tracking funds could pressure Strategys stock, potentially reducing the money it can raise to buy Bitcoin.　　Strategy made $19.53 billion in profit last quarter. Yet MSCI, one of the world‘s biggest providers of stock indexes, has decided Michael Saylor’s Bitcoin company no longer belongs in some of its major investment benchmarks.　　MSCI‘s November review lists “STRATEGY A”—the company’s MSTR shares—for deletion from the MSCI USA Index after trading closes November 30. That also removes the stock from broader indexes that include U.S. companies, such as the MSCI World and MSCI All Country World indexes.　　That sounds technical, but the distinction matters: MSCI is not removing Strategy from the Nasdaq stock exchange, shutting down its business, or making it sell Bitcoin. It is taking MSTR out of stock lists that investment funds use to decide which companies to own.　　Predict·EconomyWill Strategy hold over 1M BTC before 2027？　　2%　　98%　　YesNo　　$72.3K volume　　Jan 1Closes: Jan 1, 2027, 04:59 UTC　　Closes: Jan 1, 2027, 04:59 UTC　　Consider an ETF designed to copy the MSCI USA Index. When MSTR disappears

Yesterday 05:26Industry

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