☕️ Warren Readies Senate Probes for Trump Crypto Ventures Incoming Senate Banking Committee leadership signals a return to investigative hearings targeting family-linked crypto ventures and prediction markets.
1. Warren Prepares Senate Probes Into Trump Crypto Ventures — Sen. Elizabeth Warren will investigate Trump-affiliated crypto firms and prediction markets after she assumes the Senate Banking Committee chairmanship in January [8]. Federal appellate judges on Nov. 3 declined to halt New York and Connecticut actions against 2. Market Shakeout Wipes $1.2B in Derivatives Longs — Crypto platforms liquidated $1.2 billion in derivative positions over 24 hours, with long closures making up $1.04 billion of the total [6]. $BTC trades near $74,685 ahead of the October inflation report [6]. 3. Trump Media Posts $409.7M Net Income on Digital Asset Gains — Trump Media reported a $378.1 million digital asset markup that pushed Q3 net income to $409.7 million, obscuring a $23.6 million operating loss [5]. The firm holds 15,649 Bitcoin, primarily pledged to covered options and note collateral [5]. 4. Strategy Buys 1,036 Bitcoin and Repurchases Preferred Stock — The firm sold 2.05 million MSTR shares for $283.8 million to finance an $81.9 million $BTC purchase and a $188.3 million preferred stock buyback [4]. Strategy acquired the tokens at an average price of $79,012 [4]. 5. NYSE Affiliate Selects Avalanche for Tokenized Securities Venue — An upcoming digital alternative trading system affiliated with the New York Stock Exchange will use the $AVAX blockchain as its core ledger [7]. The planned venue aims to offer 24/7 continuous trading and atomic settlement for tokenized equities [7]. 6. Institutional Custodians Warn of Disruptions Over Solana Update — A technical proposal aims to remove durable nonces from $SOL, which institutional custodian Fireblocks warned could break existing safeguards in major decentralized finance protocols [3].
📊 $BTC trades at $74,136 with total market capitalization at $2.45 trillion, as ETH gas fees register at 0 gwei and market sentiment sits at a fearful 32.
