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New York, United States, November 6th, 2025, ChainwireLeverUp Offers Traders a Flexible and Full-Scale DeFi PlatformLeverUp, a brand-new Liquidity Provider (LP)-free perpetual exchange, has officially launched, offering traders a next-generation DeFi platform built on the layer-1 blockchain Monad. Backed by Makers Fund, LeverUp delivers a decentralized trading experience with uncapped open interest, free liquidity provider perpetuals, and scalability, offering traders zero fees. This partnership will allow LeverUp to utilize its on-chain, transparent trading of perpetuals to the fullest in Monad’s fast and scalable layer-1 blockchain. Users can anticipate more integrations and product updates to be revealed soon.The current market landscape…

Kuala Lumpur, Malaysia, November 6th, 2025, ChainwireSonami ($SNMI) today announced the continuation of its presale and the expansion of its ecosystem through the launch of the first Solana Layer 2 token. The project has been developed to address network congestion and reliability challenges often experienced by Solana users during high transaction periods.Sonami Introduces Layer 2 Efficiency for Solana-Based TransactionsSonami ($SNMI) is a project developed to tackle performance challenges on the Solana network, such as congestion and maintaining reliability during periods of high activity.It is the first token launched on Solana Layer 2, allowing Sonami to offload transactions and enhance network…

HONG KONG, Nov. 6, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) today released a letter to shareholders at the one-year milestone of its bold transformation to a robust Bitcoin mining operation. CEO Paul Yu reflected on this milestone, emphasizing Cango’s vision to deliver energy-secured HPC services. The journey began in November 2024 with Bitcoin mining as a practical entry point to secure energy access, build operational expertise, and create flexible sites for long-term goals.In just eight months, Cango scaled to a 50 EH/s global platform by acquiring 32 EH/s of on-rack mining machines in November 2024, followed by 18 EH/s in…

Greenwich, CT, November 5th, 2025, ChainwireLeverage Shares by Themes is thrilled to announce the launch of GEMG, a first-to-market single-stock leveraged ETF with exposure to GEMI, available for trading November 5, 2025.The firm continues to expand its leveraged single-stock ETF lineup across the digital asset ecosystem; the debut of GEMG is hot on the heels of the firm’s recent launches of the Leverage Shares 2X Long BMNR Daily ETF (BMNG) and Leverage Shares 2X Long BLSH Daily ETF (BLSG), which became available for trading on October 27, 2025.These ETFs are designed to equip investors to amplify returns (up and down)…

Paris, France, November 5th, 2025, ChainwireZama, the cryptography company behind the Zama Confidential Blockchain Protocol, today announced that it has acquired KKRT Labs, a pioneering research and development firm focused on scaling blockchains using Zero-Knowledge Proofs. This strategic acquisition strengthens Zama’s technical depth in blockchain scalability and validity (ZK) rollups, while accelerating its ability to deliver high-performance confidentiality to all public blockchains.Unlocking the Next Phase of Scalable Onchain ConfidentialityKKRT Labs (also known as “Kakarot”) brings deep expertise in designing high-performance proving architectures and modular rollup systems for Ethereum-equivalent environments. Backed by investors such as Vitalik Buterin, Starkware, Lambda Class, and…

In brief Bitcoin dropped below $104K Tuesday morning, down 17.5% from its peak, amid a broad market sell-off. A DeFi crisis with $284 million in bad debt and macro fears is influencing the investors’ risk-off move, according to analysts. The leverage flush could reset the market for a more sustainable recovery, analysts told Decrypt. The cryptocurrency market extended Monday’s losses on Tuesday morning as Bitcoin slipped below $104,000, dropping to levels not seen since late June.At time of publication, the price of Bitcoin is $103,849, down 3.2% on the day, per data from CoinGecko.The sudden drop stems from a combination…

The onchain transactions of the exploiter behind the $116 million Balancer hack point to a sophisticated actor and extensive preparation that may have taken months to orchestrate without leaving a trace, according to new onchain analysis.The decentralized exchange (DEX) and automated market maker (AMM) Balancer was exploited for around $116 million worth of digital assets on Monday.Blockchain data shows the attacker carefully funded their account using small 0.1 Ether (ETH) deposits from cryptocurrency mixer Tornado Cash to avoid detection. Conor Grogan, director at Coinbase, said the exploiter had at least 100 ETH stored in Tornado Cash smart contracts, indicating possible…

Solana (SOL) has dropped by 5.3% in the past 24 hours, extending its 30-day losses to over 27%. It’s one of the biggest large-cap losers this week, showing how bearish pressure has intensified.But while Solana’s structure remains weak, a few on-chain and derivatives signals hint that the downside could now be limited.Sponsored Crossovers Confirm the Bearish SetupSolana’s breakdown from the rising wedge pattern confirmed the bearish turn. But the problem deepens as two bearish crossovers are forming on the daily chart.A bearish crossover happens when a short-term Exponential Moving Average (EMA), a trend indicator that gives more weight to recent…

The cryptocurrency market faced heavy turbulence over the past 24 hours, with total market capitalization falling by 4%. The downturn led to more than $1.3 billion in liquidations, primarily from long positions. While most suffered steep losses, one trader’s short bets have paid off. The whale is now sitting on over $36 million in unrealized gains.Sponsored SponsoredCrypto Liquidations Exceed $1 Billion as Market SlidesThe cryptocurrency market took a significant hit in October, exacerbated by the tariff-driven crash. And even though the “red October” is over, November has begun on an equally grim note, showing little sign of recovery so far.…

Michael Burry and Warren Buffett, two icons of market caution, are flashing red signals for November. Burry is once again betting against Wall Street, while Buffett’s favorite valuation gauge just hit its highest level in history.Together, their moves are sending a powerful warning that financial markets may be entering dangerous territory, with crypto already feeling the pain.Sponsored Michael Burry’s “Wildest” 13F YetThe Short Bear, a pseudonymous trader and analyst, has described Michael Burry’s latest 13F filing as his wildest yet. The filing, submitted more than a week earlier than usual, shows Burry executing aggressive short positions reminiscent of his strategy…