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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)…

Cryptocurrency exchange Gemini (GEMI) is planning a move into the prediction market sector, Bloomberg reported on Tuesday.The exchange founded by Cameron and Tyler Winklevoss has discussed unveiling products in this area as soon as possible, according to the report, citing people familiar with the matter.Gemini, which became a publicly traded company on the Nasdaq Global Select Market in September, is eyeing a move into an industry that has gained considerable traction in the last year.Market leaders such as Polymarket and Kalshi shot to prominence during the 2024 U.S. election campaign during which more than $8 billion in bets were made…

Zohran Mamdani’s decisive victory in New York City’s mayoral race marks a potential turning point for the crypto industry. The 34-year-old democratic socialist defeated former Governor Andrew Cuomo, whom President Donald Trump reluctantly endorsed over his “communist” rival. Meanwhile, crypto prediction markets correctly predicted Mamdani’s win with 92% accuracy. However, his victory signals tighter regulation ahead for the sector.Sponsored SponsoredCompliance Over Expansion: New Mayor’s Track RecordMamdani’s legislative history suggests NYC’s crypto policy will prioritize consumer protection over market growth. In 2023, he said, “When crypto companies collapse, it isn’t the rich who suffer; it’s small investors who disproportionately come from…

Zohran Mamdani won the New York City mayoral election on Tuesday by a decisive margin, with crypto predictions markets again correctly guessing the outcome of a major political race.Mamdani took just over half the total votes, defeating former governor Andrew Cuomo, who finished with about 40%, according to unofficial results posted by the city’s Board of Elections.Data from Polymarket showed that about 92% of participants wagered on a Mamdani victory just before election day, including a $1 million position that implied near-consensus odds. Similar sentiment appeared on Myriad Markets, developed by Decrypt’s parent company Dastan.In June, Polymarket correctly predicted the…

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…

North Korea’s IT operatives are shifting strategies and recruiting freelancers to provide proxy identities for remote jobs.Operatives are contacting job seekers on Upwork, Freelancer and GitHub before moving conversations to Telegram or Discord, where they coach them through setting up remote access software and passing identity verifications.In earlier cases, North Korean workers scored remote gigs using fabricated IDs. According to Heiner García, a cyber threat intelligence expert at Telefónica and a blockchain security researcher, operatives are now avoiding those barriers by working through verified users who hand over remote access to their computers.The real owners of the identities receive only…

Opinion by: Thomas Chen, CEO of FunctionBitcoin exchange-traded funds (ETFs) have solved the access issue but remain passive. What is needed now are credible, auditable, institutional-grade pathways to convert Bitcoin exposure into scalable yield.Bitcoin is evolving from a digital store of value into a form of productive capital. Continuing to treat Bitcoin (BTC) like digital gold — storing it for appreciation over the long term — misses its true opportunity as a reserve asset for the digital age.Bitcoin isn’t simply a store of value; it is programmable collateral. It is productive capital. It is the base layer for institutional participation…

In brief Bitcoin fell 21% to $99,000, triggering over $2 billion in liquidations amid a broad market sell-off. Analysts cite dollar strength, tight liquidity, and the government shutdown as key drivers. Experts see potential support at $98,000, with a worst-case scenario target of $85,000. Global financial markets are facing a broad-based selloff this week as appetite for risk assets, including crypto and stocks, begins to wane.Bitcoin plunged below the historic $100,000 level on Tuesday, while the S&P 500 index and gold fell 3% and 10% from their respective peaks. On Wednesday, Bitcoin dropped to an intraday low of $99,110 before…

In brief Former Rugby League star Trent Merrin was arrested and charged with dishonestly obtaining a financial advantage by deception. Police raided Merrin’s Barrack Point home, seizing electronic devices for forensic examination one year after beginning investigations. The arrest comes amid Australian regulators strengthening enforcement against digital currency crimes. Former Australian Rugby League star Trent Merrin has been arrested and charged over the alleged theft of $91,000 (AUD $140,000) in crypto, with police alleging the retired footballer used deceptive means to transfer funds from a victim’s account.The former Kangaroos and New South Wales Blues representative was taken into custody at…