‍Revolut Reaches $75 Billion Valuation, Exploring Stablecoin Launch Global neobank Revolut has achieved a significant valuation of $75 billion following a recent share sale. This valuation reflects strong investor confidence amid the company's expansion into cryptocurrency services. Revolut's financial performance shows a 72% revenue surge to $4 billion in 2024 and a 149% increase in pre-tax profit to $1.4 billion. The company has over 65 million retail customers globally and its Revolut Business arm generates $1 billion in annualized revenue. The neobank has been involved in crypto since 2017 and recently expanded its services to 30 European countries. Obtaining a MiCA license from Cyprus and partnering with Polygon indicate a strategic push into digital assets, fueling speculation about a potential stablecoin launch.
‍Arthur Hayes Predicts Bitcoin $80K Bottom Amid Shifting US Liquidity Former BitMEX CEO Arthur Hayes believes Bitcoin has found its floor at $80,000. He anticipates that the Federal Reserve's quantitative tightening (QT) will conclude in December, leading to increased market liquidity that will favor cryptocurrency bulls. Hayes points to a more than 35% decline in Bitcoin from its all-time highs, with a recent low near $80,500. He expects the $80,000 level to hold, citing minor improvements in dollar liquidity and an increase in bank lending in November. This liquidity influx is predicted to boost Bitcoin and altcoins. Recent market volatility in Fed policy expectations, including a surge in predicted interest rate cuts, has been noted by experts, highlighting the dynamic nature of the digital asset landscape.
‍Pharos Foundation Launches to Drive RealFi and Open Finance on Pharos Network The Pharos Foundation has been established as a non-profit entity to oversee the RealFi and open finance ecosystem on the Pharos Network. This initiative precedes the network's Token Generation Event (TGE) and Mainnet Launch in early 2026. Built with an Asia-led, compliance-ready governance framework, the Foundation prioritizes public-good infrastructure, transparent fund management, and institutional partnerships. Its operations are structured around ecosystem support, technology development, governance, and education. Pharos Network aims to be an inclusive Layer 1 blockchain for institutional-grade assets, featuring modular architecture, deep-parallel execution, and built-in compliance. Its Testnet has processed nearly 3 billion transactions.
‍Myriad Prediction Market Surpasses $100M Trading Volume, Achieves 10x Growth Myriad, a Web3 prediction market protocol, announced surpassing $100 million in USDC trading volume. This marks a 10x growth in three months, indicating rapid adoption in DeFi. The platform has facilitated over 6.3 million trades and attracted more than 400,000 active traders. Loxley Fernandes, CEO of Myriad, stated, "Prediction markets are no longer niche experiments; they’re becoming a mainstream way to trade ideas." Myriad recently launched on BNB Chain and partnered with Walrus to ensure data is stored on-chain. The protocol plans further expansion to networks like Abstract and Linea, focusing on regulatory alignment in the U.S.
‍I-ON Digital Partners with Craft Capital for RWA Tokenization and Exchange Uplisting I-ON Digital Corp. has announced a strategic partnership with Craft Capital Management, LLC. This collaboration aims to enhance I-ON Digital's capital markets strategy, support financing, and guide its preparation for a potential uplisting to a national exchange. Craft Capital will advise on capital formation aligned with I-ON's RWA tokenization efforts. I-ON Digital CEO Carlos X. Montoya stated the partnership aligns with the company's goal of establishing a compliant digital asset banking platform, emphasizing market validation for their gold-tokenization model. The collaboration is expected to position I-ON for growth as the RWA market expands.
‍Panchain Launches AI-Native Web3 Ecosystem, PC Coin Lists on Coinstore Panchain has introduced an AI-native blockchain platform designed to simplify Web3 development and enhance scalability. Its native token, PC Coin, is now trading on Coinstore Exchange, priced around $2,900. The ecosystem includes AI-driven tools for portfolio management and analytics, integrated services from streaming to travel, and the PanFreedom Card for bridging crypto and traditional finance. A Delegation Rewards Program and Pan Freedom sales network are also active, utilizing PC Coin. Philip Jones, a Panchain spokesperson, stated, "Panchain is more than a blockchain; it is a comprehensive digital universe that brings crypto and AI together." This initiative aims to provide a seamless environment for creators and organizations to build in a decentralized landscape.