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Day: November 20, 2025
Trumpโs WLFI Ignites Centralization Risks With Asset Reallocation
The Trump family-backed crypto project World Liberty Financial has reignited concerns about its ability to freeze and reassign user funds, despite promoting itself as โcommunity governed.โ The platform said Wednesday that it will reallocate assets affected in a pre-launch phishing attack that exposed the seed phrases of what it described as a โrelatively small subsetโ of user wallets. WLFI said the compromised wallets were targeted through โthird-party security lapses,โ not issues with the platform or its smart contracts. โThis was not a WLFI platform or smart contract issue. Attackers gained…
Secret Exchange Inside HTX Linked to $10B Scam Network
Key Notes The nested exchange setup allowed the lesser-known platform to hide behind HTX. Kyrrex reportedly processed $10 billion in illegal transactions since 2022. Some investors are now suing Kyrrex for over $11 million. Investigators found that the exchange Kyrrex operated inside a larger exchange, HTX, and handled wallets linked to hackers, fraudsters, sanctioned actors and criminal networks. According to a report by the International Consortium of Investigative Journalists, โdozens of investorsโ have lost roughly $6.5 million through Kyrrex-controlled wallets. The investigative report found that the Kyrrex exchange was registered…
XRP Supply Shock Ahead? ETFs Could Consume It All: Analyst
A new projection from an XRP analyst is drawing fresh attention to how quickly spot ETFs could gobble up available tokens if heavy inflows persist. Related Reading The numbers in the model are simple and large, and they force a straightforward question: what happens if steady ETF buying meets a limited public supply? ETF Flows Could Outrun Supply According to analyst Chad Steingraber, one XRP ETF might average $90 million in daily inflows. Multiplying that by 12 ETFs and the result is $1.08 billion each day. Based on his assumptions,…
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BlackRock’s Bitcoin ETF Bleeds Over $500 Million In Its Biggest One-Day Outflow
Nearly two years after the inception of the Bitcoin ETF sector in the United States, these funds are currently grappling with significant challenges, exacerbated by mounting concerns regarding a potential bear market in the coming months.ย This turmoil is exemplified by the BlackRock iShares Bitcoin Trust ETF (IBIT), which experienced its largest single-day withdrawal since launch, further contributing to the decline in Bitcoinโs price. Profit-Taking And Caution The recent outflows from BlackRockโs Bitcoin ETF highlight the severity of the current selloff within the Bitcoin market, which has experienced a substantial…
ARK Invest Buys Bullish, Circle and BitMine As Crypto Stocks Sink
Cathie Woodโs ARK Invest increased its exposure to crypto-related stocks on Wednesday, purchasing Bullish, Circle Internet Group and BitMine Immersion Technologies across multiple exchange-traded funds (ETFs) as crypto stocks slid deeper into the red. According to ARKโs daily trade disclosure, the ARK Fintech Innovation ETF (ARKF) bought 48,011 shares of Bullish, while the ARK Next Generation Internet ETF (ARKW) added 92,670 shares. The ARK Innovation ETF (ARKK) made the largest move of the group, purchasing 322,917 shares of Bullish, bringing the total to $16.8 million. ARK followed this with sizeable…
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This Altcoin Soars 20% Following Major Saudi Arabia Partnership
The native token of the crypto exchange WhiteBIT (WBT) is leading the mid-week altcoin market after a significant 20% surge over the past 24 hours. This performance follows the announcement of a key partnership with Durrah AlFodah Holding to promote the growth of blockchain technology in Saudi Arabia. Related Reading WhiteBIT Secures Strategic Collab In Saudi Arabia On Tuesday, top crypto exchange WhiteBIT unveiled it had signed a strategic cooperation agreement with Durrah AlFodah Holding, represented by His Royal Highness Prince Naif Bin Abdullah Bin Saud Bin Abdulaziz Al Saud,…
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