1.
Solana Company Reports $3.4M Quarterly Revenue as Staking Business Expands
Solana Company reported $3.4 million in revenue for Q3, a significant jump from $697,000 last year, mainly driven by its expanding staking business. This highlights how validator operations can diversify revenue streams beyond just holding SOL tokens. They currently hold about 2.4 million SOL and earned 30,800 SOL in staking rewards, which they restaked.
The company's infrastructure strategy aims to connect major Asian cities through a low-latency validator network, targeting trading firms and institutional partners. This could create additional revenue opportunities beyond just staking rewards. However, investors need to carefully analyze the distinction between earnings from their own assets and fees from third-party delegations, as both impact the overall financial picture differently.
As Solana continues to grow its validator business, the focus will be on whether it can generate sustainable earnings while managing costs effectively. The interplay between treasury assets and client delegations will be crucial for assessing future performance.
For listeners who want low-fee crypto exposure, our markets partner Kraken supports SOL — link in show notes.
2.
Apex Joins Hedera Council as Fund Servicing Moves Deeper Into Tokenization
Apex Group just joined the Hedera Council, which is a significant move for them. They manage over $3.5 trillion in assets, and now they’re stepping into the governance side of Hedera's public network. This could enhance their tokenization initiatives, helping to manage assets more effectively and streamline settlement processes.
While this governance role is important, it’s not a direct indicator of immediate commercial activity. Apex’s experience in financial products could be a game changer for how tokenized funds operate, but we’ll need to see specific deployments and workflows to gauge real impact.
Remember, being part of the council doesn’t automatically mean they’re launching new products on Hedera. It’s more about shaping the conversation around what’s needed for institutional adoption. So, keep an eye out for updates on actual use cases and how they’ll integrate their existing operations with blockchain tech.
For listeners who want low-fee crypto exposure, our markets partner Kraken supports HBAR — link in show notes.
3.
Why a Younger Congress Could Be Good News for Crypto
The new Congress has 51 pro-crypto members, a slight dip from the previous session, but the real story is the shift in demographics. Incoming senators are, on average, 14 years younger, with the number under 50 nearly doubling. This is significant because younger lawmakers tend to be more open to crypto. For instance, 33% of Millennials own crypto, compared to just 8% of Boomers.
While Elizabeth Warren's likely chairmanship raises eyebrows, the increasing number of younger, tech-savvy representatives could lead to more bipartisan support for crypto initiatives. However, expect some bumps ahead, with investigations into Trump-related crypto projects and discussions around stricter regulations for exchanges.
House Democrats are working on a broader crypto market structure bill that could enhance SEC oversight and impose tougher rules on digital asset exchanges. This includes potential custody requirements and ethics rules for federal officials involved in crypto. It’s a mixed bag, but the long-term outlook could be more favorable as younger voices gain influence.
For listeners who want low-fee crypto exposure, our markets partner Kraken supports Bitcoin — link in show notes.
4.
Bitcoin Price Analysis: Can BTC Hold $70K After a Brutal $10K Weekly Drop?
Bitcoin is approaching the lower boundary of its broader ascending channel after extending its decline toward $71K. Buyers have responded near short-term demand, but failed recoveries and heating futures activity leave the market vulnerable to further volatility. The daily chart shows Bitcoin continuing to form lower highs and lower lows after losing the ascending channel’s midpoint. The failed recovery toward $81K was followed by sustained selling, with the price now approaching the channel’s lower boundary around $70K-$71K.
5.
Nearly $600 Million in Crypto Longs Liquidated as Bitcoin and Ethereum Fall to August Lows
Crypto traders betting on higher prices lost $599 million over the past 24 hours. The wipeout came as Bitcoin (BTC) and Ethereum (ETH) slid to their lowest levels in nearly three months. Longs made up 88% of $680.81 million in total crypto liquidations, Coinglass data shows. Friday’s US producer price data could now decide whether bets on a half-point Fed rate hike grow. Follow us on X to get the latest news as it happens Bitcoin positions accounted for $325.28 million of the total, with longs making up 95.3%. Ethereum followed at $106.07 million, where 89.7% came from long bets.
6.
Circle hands USDC reserves to EU regulators risking higher fees
November 12 is the disclosed handover date for financial safeguards, while France’s ACPR retains governance responsibilities. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
7.
Bitcoin plunges below $70,000 as liquidations reach $622M
The sharp Bitcoin drop highlights the volatility and risks in leveraged crypto trading, potentially deterring mainstream investor confidence. The post Bitcoin plunges below $70,000 as liquidations reach $622M appeared first on Crypto Briefing.
8.
Over $225 million in crypto positions liquidated in a single hour
The rapid liquidation highlights the inherent volatility and risks in leveraged crypto trading, emphasizing the need for cautious market participation. The post Over $225 million in crypto positions liquidated in a single hour appeared first on Crypto Briefing.
9.
Crypto market hit by $105M long liquidations in 30 minutes
The rapid liquidations highlight increased market volatility, potentially affecting investor confidence and future pricing in crypto derivatives. The post Crypto market hit by $105M long liquidations in 30 minutes appeared first on Crypto Briefing.
10.
Ethlabs Calls for Ethereum Quantum Protection in 2027 as Upgrade Priorities Shift
Ethlabs is pushing for Ethereum to prioritize quantum protection by 2027, suggesting a shift in focus towards long-term security. Their proposal calls for basic readiness against quantum threats while keeping the network operational, which could mean withdrawing some current projects to concentrate on this goal.
The conversation around Ethereum's upgrades is crucial, as these decisions impact wallets, exchanges, and applications. Ethlabs highlights that while current quantum computers can't break Ethereum's cryptography, proactive measures are necessary due to the uncertain future of technology.
A key element in this discussion is EIP-8141, which aims to enhance transaction flexibility and security. However, for these improvements to be effective, wallet developers and exchanges need to adapt their systems accordingly. The challenge lies in balancing security enhancements with the desire for new features, as every addition requires resources and time.
For ETH holders, keeping an eye on the milestones set by developers will provide more clarity than just a timeline. The focus now is on translating ambitious security goals into actionable steps that the Ethereum ecosystem can realistically implement.
For listeners who want low-fee crypto exposure, our markets partner Kraken supports ETH — link in show notes.