Stream Finance Discloses $93M Loss

️ On today's Top Picks:

Crypto News

• ⭐️ Stream Finance discloses $93M loss by external fund manager; suspends withdrawals & deposits; hires Perkins Coie law firm to investigate; $XUSD has since depegged to ~$0.15.

• US SEC probe into crypto treasury firms frozen by ongoing government shutdown; to potentially issue subpoenas once the government reopens.

• ⭐️ Ripple $XRP raises $500M at $40B valuation in Strategic funding led by Fortress Investment Group & Citadel Securities; also supported by Pantera Capital, Galaxy Digital $GLXY, Brevan Howard, & Marshall Wace.

• Ripple $XRP collaborates with Mastercard $MA, WebBank, & Gemini to introduce $RLUSD settlement on the XRP Ledger for fiat credit card payments.

• ZKsync $ZK founder Alex Gluchowski proposes new ZK tokenomics; proposes economic utility with 'onchain interop fees' & 'offchain enterprise licensing'.

• Gemini to reportedly launch prediction market contracts; recently applied to the US CFTC for approval to operate a designated contract market (DCM).

• Zama acquires Kakarot for an undisclosed amount; Zama to launch mainnet soon.

Alpha

• ⭐️ MegaETH to reveal $MEGA pubic sale allocations on November 6th; ~50K bidders committed ~$1.39B.

• Base announces Base Batches 002 finalists; the 50 finalists to present at Demo Day at Ethereum Devconnect.

• Stable to launch Phase 2 of Pre-Deposit Campaign on November 6th; requires KYC & capped at $500M; Stable recently launched its Public Testnet.

• Coinbase $COIN to launch Coinbase One Member Week on November 10th; features five days of rewards, boosts, & early access drops.

• Rainbow to launch new collectible app icon; app icons to potentially be a criteria/multiplier for upcoming $RNBW airdrop.

• Jumper launches Jumper Pass X account; launches Jumper Pass Party campaign; complete 1-4 missions to earn XP & rewards.

• EtherScore launches Jumper Pass Verified; level 15+ Jumper Pass holders are eligible.

Airdrops

• ⭐️ Monad $MON to launch mainnet, TGE, & airdrop on November 24th; eligible users can view allocations on the airdrop portal.

• Intuition launches $TRUST airdrop claim; IQ points holders, high-signal Ethereum users, & more were eligible to register.

• Espresso announces two more paths to $ESP airdrop eligibility; Hyperlane $HYPER power users & AltLayer $ALT stakers to be eligible.

• Socket posts "▓▓▓▓▓▓▓▓▓▓▓▓▓▓░░░░░░ 73%" on X; to potentially launch mainnet, TGE, & airdrop soon.

• ICYMI Fogo teases "Something in November" on X; to potentially launch mainnet, TGE, & airdrop in November.

Finance News

• US Supreme Court begins oral hearings today concerning the legality of President Trump's tariffs; ruling expected in weeks to months.

• Robinhood $HOOD reports Q3 2025 earnings; reports net revenue of $1.27B, EPS of $0.61, crypto revenue of $268M, & more.

• Metaplanet $3350.T borrows $100M to buy more Bitcoin $BTC & for share buybacks; currently holds 30,823 BTC (~$3.2B).

• Future raises CHF 28M (~$35M) to build Bitcoin $BTC treasury company; backed by Fulgur Ventures, Nakamoto, & TOBAM.

• Forward Industries $FORD approves share buyback plan for up to $1B; currently holds ~6.82M Solana $SOL (~$1.1B).

• Solana Company $HSDT approves share buyback plan for up to $100M; currently holds ~2.3M Solana $SOL (~$374M).

• Canaan $CAN raises $72M in Strategic funding from Brevan Howard Digital, Galaxy Digital $GLXY, & Weiss Asset Management.

• Ark Invest $ARKK $ARKW $ARKF buys 238K shares (~$12M) of Bullish $BLSH; also bought ~$5M worth of shares last week.

Security and Exploits

• ⭐️ Balancer $BAL publishes preliminary incident report regarding recent ~$116M hack; reveals exploit originates from rounding logic bug.

• DWF reportedly compromised in 2022 for ~$44M+ by DPRK-affiliated threat actor AppleJeus; DWF has not publicly confirmed any incident.

• ZachXBT to now support the $BNB Chain community; to publish an investigation into an exploit soon.

• MetaMask investigates & finds users who used exploits to quickly earn MetaMask Rewards points; MetaMask has since patched the exploit & removed points from exploiters.

• Apriori $APR reportedly distributes 80% of airdrop to sybil; a single clustered group of 5,800+ wallets claimed the tokens on BNB Chain.

• Moonwell exploited for ~$3.7M due to oracle malfunction; same attacker exploited Moonwell on October 10th.

• Chainalysis joins National Elder Fraud Coordination Center (NEFCC); to contribute blockchain intelligence to help law enforcement.

Token Unlocks

• Ethena $ENA / ~$55M / NOV 05th
• Linea $LINEA / ~$35M / NOV 10th
• Aptos $APT / ~$30M / NOV 11th
Sourced from Tokenomist

Funding

• CMT Digital raises $136M for fourth crypto VC fund.

• Harmonic raises $6M in Seed funding led by Paradigm.

• Zynk raises $5M in Seed funding led by Hivemind.

The Degen Farmer