‍Cango Inc. Marks One Year in Bitcoin Mining, Plans Expansion into Energy-Secured HPC Cango Inc. has celebrated one year since pivoting to Bitcoin mining, a move designed to secure energy access and gain operational expertise. The company has rapidly expanded its global platform to 50 EH/s and reported strong Q2 2025 financial results, including $139.8 million in revenue. Cango acquired a 50 MW facility in Georgia and now holds over 6,400 BTC. The company plans to leverage its mining foundation to expand into energy solutions and AI High-Performance Computing (HPC).
‍Ionex DEX Integrates Orbs' Perpetual Hub Ultra for Institutional-Grade Perps on Plasma Ionex, a new decentralized exchange (DEX) by DefiZoo, has integrated Orbs' Perpetual Hub Ultra, powered by the Orbs Layer-3 blockchain. This integration, effective November 6th, 2025, brings institutional-grade perpetual futures trading to the Plasma network. Perpetual Hub Ultra offers Ionex users deep liquidity, customizable leverage, and efficient execution, simplifying derivatives trading for decentralized platforms. Orbs' solution provides a comprehensive suite of tools including hedging, liquidation mechanisms, and professional-grade UIs, supporting scalability and capital efficiency through both on-chain and off-chain liquidity routing. Ionex aims to be a holistic trading hub on Plasma, unifying spot and perpetual markets via its MetaDEX module and MetaPerp technology. This enables CeFi-grade execution with up to 60x leverage and sub-100ms fills.
‍Creator of "Binance Life" Meme Coin Earns $4,000 as Token Hits $500M Valuation The creator of the "Binance Life" meme coin on the BSC chain reportedly secured only a $4,000 profit despite the token's market capitalization reaching $500 million. The creator sold all holdings within 20 seconds of deployment on October 4th. Following the early exit, the meme coin's market cap surged to $500 million with $410 million in daily trading volume. The creator subsequently launched 359 more tokens, primarily Chinese meme coins, but these failed to replicate the initial success. This highlights the unpredictable nature and missed opportunities within the speculative meme coin market.
‍Crypto Intelligence to Launch Premium Market Intelligence Subscription in December Crypto Intelligence, a digital media platform focused on cryptocurrency and blockchain, will introduce a premium subscription service in December. The service aims to provide investors, traders, and professionals with in-depth insights, exclusive analysis, and data-driven reporting. Subscribers will receive market briefings, research reports, and curated insights from experts in DeFi and Web3. Coverage will include market trends, regulatory developments, macroeconomic factors, and blockchain technologies. The platform will offer trend forecasting, real-time alerts, and sector deep-dives, catering to both institutional and retail audiences.
‍Bitget's US Stock Contracts Exceed $1 Billion Amidst Tech Demand Cryptocurrency exchange Bitget has surpassed $1 billion in US stock contract trading volume, highlighting the growing intersection of digital assets and traditional markets. Traders show a strong preference for technology sector stocks, with Tesla (TSLA), MicroStrategy (MSTR), and Apple (AAPL) leading in volume. Bitget offers 25 US stock perpetual contracts with leverage up to 25x and a maximum fee rate of 0.06%, aiming for a cost-effective trading experience.
‍HTX Launches Swap Voucher to Reduce Crypto Borrowing Costs HTX has introduced the Swap Voucher feature for its Collateral Swap product, aiming to significantly lower borrowing costs for professional traders and institutions. This innovative tool offers an industry-first dual discount, stacking with existing Prime Membership privileges to ensure the lowest net interest payments on loans across all assets and terms. This advancement underscores HTX's commitment to providing efficient financial instruments for navigating volatile crypto markets.
‍Coinbase Advises Treasury on GENIUS Act Implementation Coinbase has submitted recommendations to the U.S. Treasury regarding the GENIUS Act, urging alignment with the legislation's original intent to prevent overregulation of digital assets. The exchange advocates excluding non-financial software, validators, and open-source protocols from the Act's scope to foster innovation. Coinbase also recommends clarifying that third-party reward programs are not "interest" and that payment stablecoins should be treated as cash equivalents.
‍Circle Revises Policy: USDC Now Permitted for Lawful Firearm Purchases Leading stablecoin issuer Circle has updated its terms of service, now allowing the use of USDC for the lawful purchase of firearms. This policy shift follows engagement with organizations like the National Shooting Sports Foundation (NSSF) and addresses concerns about restricting legal commerce. Senators, including Bill Hagerty and Cynthia Lummis, have expressed approval, viewing the change as a defense of constitutional rights. However, some experts, like Kadan Stadelmann of Komodo, suggest this indicates stablecoins are subject to political influence, raising concerns about neutrality and censorship.
‍Bitget Lists Intuition (TRUST) to Advance Decentralized Information Finance Bitget has listed Intuition (TRUST) on its Innovation Zone for spot trading, commencing November 5, 2025. Intuition is a blockchain platform designed for Information Finance (InfoFi), transforming information into tradable on-chain assets. The TRUST token powers the network, enabling verifiable information and a trust layer for the internet and AI. Bitget's Universal Exchange (UEX) model facilitates access to such innovative projects, emphasizing those with strong utility and community support. This listing highlights the growing importance of decentralized data assets.
‍Bitcoin Surpasses $100K: Rally or Technical Bounce? Bitcoin's recent surge past $100,000 has sparked cautious optimism, but analysts are divided on its sustainability. While on-chain data suggests liquidity is recovering, some experts view the current rise as a technically driven rebound fueled by short-covering and spot inflows, rather than a resurgence of long-term conviction. Key indicators for a sustained recovery include consistent accumulation by long-term holders and stabilized funding rates. Macroeconomic factors are also expected to play a crucial role in shaping Bitcoin's future trajectory.