Kalshi ends Trump Jr. advisory role over Polymarket ties

Kalshi has ended Donald Trump Jr.s advisory contract after his venture capital firm, 1789 Capital, deepened its investment in rival prediction market Polymarket.  Reuters reported on Nov. 12 that a Kalshi spokesperson attributed the departure to 1789 Capital‘s investment in its competitor over the summer. The company thanked Trump Jr. for helping bring customers to the platform and said talks about ending his contract began in August, when his firm led Polymarket’s latest financing.  “We have mutually agreed to end Don‘s advisory role after his firm’s significant investment in a competitor this past summer,” the spokesperson said.  Polymarket and Trump Jr. did not immediately respond to Reuters requests for comment.  Kalshis former adviser backed a $1 billion rival funding round  As crypto.news previously reported, 1789 Capital agreed to contribute approximately $300 million toward a Polymarket funding round targeting $1 billion in September. The planned financing valued the company at $21 billion, compared with a valuation close to $15 billion before the transaction.  A spokesperson for the investment firm confirmed the financing details at the time. Its earlier investment of roughly $200 million would bring its combined commitments to around $500 million with the new contribution. The September figures described the planned financing and commitments, not a

23 گھنٹے پہلےانڈسٹری

Helius encrypts Solana transfers without removing operator trust

Helius launched its permissionless Privacy Ring on Solana mainnet on Nov. 10 with encrypted payment assets and amounts, while sender and recipient wallet addresses remain visible.  Related Asset Solana #7 SOL · $81.35 24-hour change: down 4.24% Loading price history… 24H Down 4.24% 7D Down 9.78% 30D Down 23.98%  Its documented default prover, the service that constructs zero-knowledge proofs, adds a hardware requirement where secret transaction inputs are processed inside an attested AWS Nitro enclave, an isolated computing environment.  Solana can check that a transfer satisfies the protocol‘s rules, but protecting the inputs while that proof is made depends on the prover’s isolation, code, and deployment policies.  The practical question for wallet developers integrating the launch is which of those protections their software can verify.  What reaches the Solana prover  Helius‘s wallet integration guide says proof generation needs plaintext inputs covering the complete transaction data and nullifier keys. It identifies an attested AWS Nitro enclave as the SDKs’ default prover.  The protocol specification lists private inputs including the asset, amount, blinding values, and nullifier secret for notes being spent, along with paths proving those notes belong to the state tree. The proof also includes output assets, amounts, and blinding values.  Those inputs become readable to the proving code

کل 04:10انڈسٹری

Binance Customers Hit by $6.3 Billion Hack Are Fully Repaid, Exchange Says

Binance said Thursday it has replaced every token lost in its record $6.3 billion hack. Customers cannot verify it yet, since the proof behind its new reserves snapshot is still pending.  That proof is a zero-knowledge proof, a math-based check that lets users confirm the exchange holds at least one coin for every coin it owes. Until it is published, the backing for roughly $132 billion in customer assets rests on Binances word.  Sponsored  Sponsored  What Did Binance Replace, and Who Paid for It?  Hackers drained Binance wallets on October 29. The FBI later blamed TraderTraitor, a North Korean hacking unit. It asked exchanges to block wallets tied to the theft.  By November 2, Binance said it had refilled about 98% of the affected assets. The remaining gap sat mostly in thinly traded tokens, which the exchange then bought on the market.  Binance has said customers will not bear the loss. It paid from its corporate treasury and insurance funds, according to Bloomberg. It also tapped its Secure Asset Fund for Users (SAFU), an emergency reserve usually kept near $1 billion.  Co-CEO Yi He said this years revenue would fully cover the hole.  Can Binance Get Any of the Stolen Money Back?  About $2.8 billion of the stolen crypto had

کل 04:01انڈسٹری

XRP Ledger Ankr nodes top 1.7M daily developer requests

The XRP Ledger Foundation has reported more than 1.7 million daily developer requests through its free Ankr-powered nodes, sharing a usage update on Nov. 12 for infrastructure launched in August.  SummaryMore than 1.7 million developer requests reach the Ankr-powered XRPL nodes every 24 hours.Free mainnet and testnet access requires no API key or registration, according to the announcement.Public access carries rate limits, while Ankrs documentation lists roughly two weeks of ledger history.Ankrs separate Ethereum bridge suffered an exploit on Nov. 9 involving unauthorized token withdrawals.  The XRP Ledger Foundation said in its announcement that it had expanded public infrastructure with free access to XRPL nodes through Ankr. Its accompanying graphic lists separate mainnet and testnet connections, allowing developers to access the live network or work in a testing environment.  “They now handle over 1,700,000 developer requests every 24 hours,” the foundation wrote.  We expanded public XRP Ledger infrastructure with free access to XRPL nodes via @ankr.  They now handle over 1,700,000 developer requests every 24 hours. pic.twitter.com/mmdWzLUDCc  — XRP Ledger Foundation (@XRPLF) November 12, 2026  XRP Ledger usage update follows August rollout  The foundation introduced the Ankr node rollout on Aug. 3, as crypto.news previously reported. At launch, the infrastructure included nodes in New York, San Francisco, Amsterdam

کل 03:21انڈسٹری

Bitcoin and Ethereum sink to 3-month lows, but a bigger crypto selloff may be ahead

Bitcoin and Ethereum fell to three-month lows Thursday, deepening a cryptocurrency selloff that has erased $550 billion in market value since October.  Related Asset Bitcoin #1 BTC · $71,630.68 24-hour change: down 3.61% Loading price history… 24H Down 3.61% 7D Down 6.04% 30D Down 13.89%  Bitcoin slumped to $71,317, its lowest level since August, while Ethereum briefly fell below $2,000 to touch $1,983. The declines have pushed the broader crypto markets valuation from approximately $2.94 trillion in early October to $2.39 trillion.  The downturn has coincided with a sharp deterioration in market sentiment. CryptoQuants Analyst Consensus Index fell from -1.0 to -1.8 standard deviations over seven days, signaling increasingly bearish expectations as investors grapple with persistent selling pressure and uncertainty over the markets next direction.  Bitcoin and Ethereum selloff triggers $727 million liquidation wave  The latest price decline triggered widespread losses across cryptocurrency derivatives markets as leveraged traders were caught on the wrong side of the downturn.  Related Asset Ethereum ETH · $2,015.81 24-hour change: down 2.85%  According to CoinGlass, 125,731 traders were liquidated over 24 hours, with closed positions totaling about $727 million.  Bitcoin accounted for $293.8 million of those liquidations, with bullish positions representing 91.1% of the total. Ethereum followed with $120.2 million, of which 87.7%

کل 03:20انڈسٹری

Kalshi Drops Trump Jr. as Adviser Days After Senators Flagged His Ties

Kalshi has ended Donald Trump Jr.s adviser contract, a company spokesperson told Reuters Thursday. The exit came two days after two US senators publicly flagged his financial ties to prediction markets.  Kalshi, a US-regulated platform where people trade on real-world outcomes, gave no reason. The stake behind the role, however, sits inside a far bigger company now.  Sponsored  Sponsored  Why Senators Were Asking About Trump Jr.  Trump Jr. received about $300,000 in shares when Kalshi was worth under $2 billion. The startup later raised at $22 billion and held talks near $40 billion. Initial reports did not say whether he keeps the shares.  Kalshis valuation since Trump Jr. received about $300,000 in shares. Source: Financial Times via New York Post. Chart: BeInCrypto  On Nov. 10, Senators Elizabeth Warren and Jeff Merkley pressed the White House over a former staffers Kalshi bets.  In August, the Commodity Futures Trading Commission (CFTC), the federal regulator for these markets, fined ex-teleprompter operator Gabriel Perez $172,000. The agency said he traded on Trumps speech wording before delivery. Kalshi helped the probe.  The senators then turned to the presidents family.  Sponsored  Sponsored  “Donald Trump Jr. has held advisory roles and financial interests connected to prediction-market platforms, raising questions about the need for strong ethics safeguards and confidence in

کل 02:59انڈسٹری

SafePal Data Breach Victims Are Now Getting Scam Letters at Home

Scammers are mailing fake SafePal letters to Italian customers‘ homes, using names, addresses and order details leaked in a breach that exposed nearly 40,000 buyers of the company’s crypto hardware wallets.  SafePal says its wallets remain secure. The letters target owners instead. Anyone who enters a wallets recovery phrase, the backup words that rebuild it on any device, into a fake site hands over every coin it holds.  How the Fake SafePal Letters Work  The letters claim the recipients wallet has a firmware flaw, meaning a problem in the software built into the device.  Sponsored  Sponsored  A QR code opens a fake SafePal site hosted on Arweave, a network built to store files permanently. Both the letter and the site show the customers real name, address and order details.  SafePal confirmed the scam on X on Thursday and linked it to its August data incident.  “These letters are NOT from SafePal, and wallet infrastructure remains secure. SafePal will never send physical letters or ask for seed phrases,” the team confirmed.  It asked recipients to report letters on its scam-protection page, with the QR code visible so the site can be taken down.  Why Leaked Home Address Keep Paying Off for Scammers  SafePal disclosed on August 16 that a flaw in an

کل 02:59انڈسٹری

XRP proposed lending vaults lock deposits and expose holders to risk

Proposed V1.1 rules for the XRP Ledger (XRPL) would require new loan brokers to use closed-ended native-lending vaults, forgoing withdrawals during the investment period and leaving depositors with shares exposed to borrower repayments.  Related Asset XRP #6 XRP · $1.03 24-hour change: down 3.45% Loading price history… 24H Down 3.45% 7D Down 16.64% 30D Down 24.90%  In a Nov. 12 snapshot, XRPLWin showed LendingProtocol and LendingProtocolV1_1 each at 22 of 35 trusted-validator votes, with SingleAssetVault at 23 of 35. The explorer displayed a 29-vote threshold, and XRPLs amendment rules require more than 80% support maintained for two weeks.  A claim with restricted exits  Under Ripples proposed V1.1 transaction rules, newly created loan brokers would have to attach to closed-ended vaults. Brokers created before that amendment activates could continue originating loans against open-ended vaults.  Related Company Ripple Financial technology and enterprise blockchain company  During subscription, depositors can add assets and withdraw, while both actions are blocked and capital can fund loans during investment. Redemption reopens withdrawals, while new deposits and new loans are barred.  The lending mechanism transfers requested principal to the borrower, excluding fees. Once XRP is lent, the depositor holds a claim through vault shares while the borrower controls the disbursed tokens.  A deposit made with already-owned

کل 02:50انڈسٹری

Binance says $6.3B hack assets covered, reserve proof pending

Binance has announced that it has fully covered user assets affected by its $6.3 billion October hack and published a new Proof of Reserves snapshot, with the accompanying zero-knowledge proof still to come.  Binance said in its Nov. 12 announcement that customers would be able to independently verify backing of at least 1:1 once the proof was generated. Its message did not give a completion time for that step or an asset-by-asset breakdown of the final purchases.  “Binance has completed coverage of assets impacted in the security incident,” the exchange wrote, thanking customers for their patience.  Binance has completed coverage of assets impacted in the security incident and we have published a new Proof of Reserves snapshot. Once the zero-knowledge proof is generated, users can independently verify that their assets are backed at a minimum of 1:1 -…  — Binance (@binance) November 12, 2026  Binance funded replacements from three company sources  In its Oct. 31 recovery update, Binance identified three funding sources: the Secure Asset Fund for Users, part of its Futures Insurance Funds and its corporate treasury. It had set aside more than $6.34 billion in company funds, with replacement coverage then reaching 90%.  The exchange described its futures insurance reserves as company funds, separate from

کل 02:29انڈسٹری

Nvidia, AMD, Broadcom: The AI Stock Winners and Losers After Jensen Huangs Ousting

In briefNvidia fell 4.59% after briefly plunging more than 14% following CEO Jensen Huangs resignation.Competitors AMD and Broadcom gained nearly 6%, while Alphabet rose 2.06%.Nvidia-backed CoreWeave lost 7.49%, with semiconductor suppliers TSMC and Micron also declining.  Wall Street is picking winners and losers from Jensen Huangs departure from Nvidia, and the market is treating the chipmakers competitors considerably better than companies tied to its business.  Nvidia shares fell 4.59% to $165.75 Thursday afternoon, recovering from an opening price of $151.01 and an intraday low of $148.80.  The rebound softened an initial collapse of more than 14%, but the stock remained firmly in negative territory.  Predict·EconomyNVDA Lows in November  160-%YesNo  168-%YesNo  176-%YesNo  184-%YesNo  192-%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  The selloff followed Huangs immediate resignation as CEO, president, and board member after reports of extramarital affairs and allegations involving a suspected Chinese intelligence operative. Nvidia named CFO Colette Kress interim CEO, although the company has not established that corporate secrets were compromised.  Nvidia stock price data. Image: Tradingview  The stock was already in trouble before Huang stepped down. Nvidia had lost approximately $1.27 trillion in market capitalization between October 6 and November 6, raising questions about AI spending even before the leadership

کل 02:06انڈسٹری
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