Edgen Crypto·Nov 06 2025, 02:58
[1] Web3 IP Financialization and the New Paradigm of Cultural Production: City Protocol Empowers Mocaverse Throughout the Cycle (https://www.techflowpost.com/article/detail_2 ...)[2] City Protocol to Build $100B Blockchain IP Market | Phemex News (https://phemex.com/press/city-protocol-to-bui ...)[3] Head of Mocaverse: 'We believe the project's NFT holders are also its co-founders' - Coin98 Insights (https://vertexaisearch.cloud.google.com/groun ...)
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Nov 06 2025, 03:59
Monad Sets November 24, 2025 Mainnet Launch; Japan Embraces Government-Backed Bitcoin Mining; US Crypto Legislation Faces Delays
## Executive Summary Monad, a new Layer 1 blockchain, has scheduled its mainnet launch and native token distribution for November 24, 2025. Concurrently, Japan has emerged as the eleventh nation to officially support **Bitcoin** mining, marking a significant development in global digital asset adoption. In the United States, however, efforts to establish comprehensive cryptocurrency market structure legislation face potential delays due to the prospect of a government shutdown, raising concerns about regulatory certainty. ## The Event in Detail ### Monad's Mainnet Launch and Technological Advancements **Monad** is set to launch its Layer 1 blockchain and distribute its native **MON** token on November 24, 2025. The platform aims to address scalability challenges prevalent in existing **EVM**-compatible blockchains through a custom parallel execution engine and **MonadDb** system. This architecture is designed to achieve sub-second finality while maintaining full **EVM** compatibility. The testnet, launched in February 2025, has processed over 2.44 billion transactions, demonstrating a target throughput of 10,000 transactions per second (TPS). Key differentiators include a 400ms block time and 800ms finality. Over 225,000 verified crypto users and 5,500 **Monad** community members are eligible for the initial token distribution. Market interest is evident in the active speculation on the unlaunched **MON** token via the **MON-USDC** hyperp contract on **Hyperliquid**. ### Japan Embraces Government-Backed Bitcoin Mining Japan has become the eleventh country to support **Bitcoin** mining with official resources, as reported by VanEck’s Matthew Sigel. This initiative follows a strategic deal between **Canaan**, a prominent **Bitcoin** mining hardware company, and a Japanese utility provider. The partnership will utilize **Avalon** mining rigs to efficiently manage regional grid load. The utility plans to operate these rigs during periods of excess electricity generation, thereby stabilizing the grid while simultaneously mining **Bitcoin**. Following this announcement, **Canaan's** stock (**CAN**) surged by 14.5%, trading at $1.42, with daily trading volume reaching 24 million shares. ### US Regulatory Landscape and Legislative Delays The U.S. government
Nov 06 2025, 02:45
Opinion Protocol Launches Mainnet on BNB Chain, Attracting Over 100,000 Registrations
## Executive Summary Opinion, a prediction market protocol, has successfully launched its mainnet on the BNB Chain. Backed by YZi Labs, an investment firm with ties to Binance, the platform rapidly acquired over 100,000 registrations within two hours, establishing itself as a significant player in the decentralized event trading sector. ## The Event in Detail Opinion's mainnet has officially commenced operations on the **BNB Chain**, initially inviting a select group of core community members to participate in trading. This selective access includes whitelisted users, alongside the introduction of a comprehensive rebate and points system. The protocol aims to construct a decentralized event trading layer on **BNB**, incorporating AI-driven functionalities. This strategic launch quickly propelled Opinion to become the third-largest prediction market, demonstrating substantial early-stage adoption and market interest. During the week of October 27, 2025, Opinion Labs attracted $748.8 million in notional volume, becoming the only prediction market besides Kalshi and Polymarket to exceed $700 million in weekly trading volume. ## Business Strategy & Market Positioning Opinion Labs, backed by **YZi Labs** and Limitless, positions itself to challenge the duopoly of established prediction market platforms such as **Kalshi** and **Polymarket**. While **Polymarket** excels in liquidity through structured rewards and **Kalshi** leads in regulatory compliance as a licensed event exchange, Opinion Labs distinguishes itself with gamified incentives and community-driven engagement. The platform distributes weekly point pools to participants, rewarding consistent interaction and community activity, which fosters strong early-stage participation and maintains accessible entry barriers for Web3 users. This approach aims to bridge the gap between regulated Web2 platforms and decentralized Web3 ecosystems. ## Broader Market Implications The launch of Opinion on the **BNB Chain** is poised to drive increased activity and attention to the ecosystem, potentially fostering wider adoption of prediction markets and enhancing the value proposition of the **BNB** token. **YZi Labs**, formerly known as Binance Labs, announced a $1 billion Builder Fund on October 8, 2025, to support early-stage founders within the **BNB** ecosystem, with a focus on projects integrating Web3, AI, and biotech. This investment aligns with **BNB Chain**'s broader mission to make AI more accessible, as evidenced by collaborations like WORLD3 and 4AIBSC in creating a decentralized AI marketplace. Opinion's integration into this evolving ecosystem could further stimulate innovation in decentralized event trading. However, the broader Web3 landscape also faces challenges, including widespread contract breaches among projects, with Chainalysis estimating that almost 15 percent of new projects in 2025 have not fulfilled their promised token unlocks. CoinTelegraph reports that only 20 percent of Web3 projects perform independent smart contract audits before launching, exposing investors to risks. ## Expert Commentary Market analysts note that the rapid traction gained by Opinion Labs underscores a growing demand for decentralized prediction markets that combine user engagement with robust underlying technology. The platform's strategy of leveraging gamified incentives to attract and retain users is seen as a key differentiator in a competitive landscape dominated by platforms prioritizing liquidity or regulatory compliance. Its integration within the **BNB** ecosystem, supported by **YZi Labs**' strategic investments, positions it to capitalize on the convergence of Web3 and AI technologies. The success of such platforms, however, remains contingent on maintaining trust, transparency, and addressing the inherent risks associated with smart contract vulnerabilities and unfulfilled project promises prevalent in the broader crypto market.
Nov 06 2025, 01:29
Ripple Secures $500M, Metaplanet Leverages Bitcoin, Amidst HyperLiquid Liquidations
## Executive Summary Ripple Labs completed a **$500 million** funding round, Metaplanet secured a **$100 million** Bitcoin-backed loan, and **HyperLiquid** experienced significant liquidations, underscoring dynamic shifts in the cryptocurrency market. ## The Event in Detail **Ripple's Strategic Capital Infusion** **Ripple**, a crypto payments startup, announced the completion of a **$500 million** funding round, elevating its valuation to **$40 billion**. The investment was led by funds managed by affiliates of **Fortress Investment Group** and **Citadel Securities**, with participation from **Pantera Capital**, **Galaxy Digital**, **Brevan Howard**, and **Marshall Wace**. This capital infusion brings Ripple's total funding to nearly **$800 million** since its inception in 2012. The company aims to accelerate global expansion, enhance product development in areas such as custody, stablecoins, and prime brokerage, and pursue strategic acquisitions, aligning with its vision to become a major financial services provider in the crypto industry. Ripple's **RLUSD** stablecoin has already surpassed a **$1 billion** market capitalization in its first year, supporting institutional blockchain growth. **Metaplanet's Bitcoin-Backed Treasury Expansion** Tokyo-listed **Metaplanet**, a Bitcoin treasury company, secured a **$100 million** Bitcoin-backed loan, drawing from a **$500 million** credit facility established in late October. This financial maneuver utilizes its existing Bitcoin (BTC) holdings as collateral for short-term financing. The funds are earmarked for expanding its **Bitcoin** treasury and executing a **¥75 billion** (approximately **$500 million**) share repurchase program. Metaplanet reported a substantial holding of **30,823 BTC**, valued at approximately **$3.5 billion** as of October. The company utilized only **3%** of its Bitcoin assets as collateral for the **$100 million** loan, maintaining a conservative loan-to-value ratio. This strategy is part of Metaplanet's broader ambition to increase its **BTC** holdings to **210,000 BTC** by 2027 and aims to enhance the Bitcoin exposure per share for investors. **Solana Company's Share Repurchase Program** **Solana Company (HSDT)** approved a **$100 million** stock buyback plan for its common shares listed on the **Nasdaq**. This open-ended repurchase program allows the company to acquire shares in the open market and through negotiated transactions. The initiative is intended to narrow net asset value (NAV) discounts, support share prices, and maximize **SOL** per share accumulation for investors. The company's shares were trading at **$4.79**, having experienced a decline of more than **70%** over the past month. This action aligns with a growing trend among companies with significant digital asset treasuries to leverage these assets for corporate finance strategies. **HyperLiquid's Major Liquidations** The **HyperLiquid** exchange witnessed significant market volatility, resulting in **$10 billion** in liquidations within a 24-hour period. Six high-leverage contract whales on the platform experienced substantial losses, with an average loss exceeding **$40 million** per individual. Notable examples include James Wynn, who lost a **$21.77 million** principal after reaching a peak profit of **$87 million**, and the "Insider Whale," who lost a **$3 million** principal after a peak profit of **$26 million**. Another trader, AguilaTrades, utilized a **$37.62 million** principal and achieved a peak profit of **$41.7 million**. The "Rolling Long Whale" saw a **$125,000** principal generate a **344x** return, reaching a **$43 million** peak profit before liquidation due to a market reversal. This event was exacerbated by factors such as high leverage, low liquidity, panic selling, and significant slippage, including Bitcoin prices collapsing to **$110,000** with over **5%** slippage on **$1 million** trades. In total, more than **11.6 million** traders were liquidated, and **$19 billion** in positions were lost. **Monad's Anticipated Mainnet Launch** **Monad** is scheduled to launch its Layer 1 blockchain and native token on November 24th at 9 a.m. ET. Founded in 2022, Monad has raised **$225 million** to develop an EVM-compatible network designed to address scalability limitations. It aims for a throughput of up to **10,000 transactions per second (TPS)** with sub-second finality, utilizing optimistic parallel execution and a custom Byzantine Fault Tolerant consensus mechanism. The public network launch and an associated community airdrop are highly anticipated events within the crypto ecosystem. **Other Market Developments** **Stable**, a stablecoin public chain, announced the second phase of its pre-deposit campaign for November 6th, accepting up to **$500 million** in USDC deposits to be converted into new USDT on its network. **Intuition** confirmed that claims for its **TRUST** token airdrop are now open. Furthermore, the "MEET48Best7" Web3 voting event is underway, alongside the upcoming Token Generation Event (TGE) for **Luxxcoin** on November 24th, 2025, and the V1 rollout for **Mutuum Finance** in Q4 2025. ## Market Implications The recent activities highlight a bifurcated market environment: robust institutional and corporate engagement contrasted with significant retail trading risks. **Ripple's** substantial funding and ambitious expansion plans underscore growing institutional confidence in the underlying technology and its potential for broad financial integration. Similarly, **Metaplanet's** and **Solana Company's** strategic use of digital asset treasuries for balance sheet management and shareholder value creation indicates a maturing trend in corporate finance, echoing precedents in corporate Bitcoin treasury management where companies utilize **BTC** as a strategic reserve asset and for capital allocation strategies like share buybacks. Conversely, the widespread liquidations on **HyperLiquid** serve as a stark reminder of the inherent volatility and risks associated with high-leverage trading in cryptocurrency markets. Such events can trigger broader market corrections and affect investor sentiment, particularly for those utilizing substantial leverage. The upcoming launch of **Monad's** mainnet represents continued innovation in Layer 1 blockchain scalability, potentially attracting new decentralized applications and further expanding the Web3 ecosystem by offering high-throughput, EVM-compatible infrastructure. ## Broader Context The confluence of these events paints a picture of a dynamic and evolving digital asset landscape. The increasing adoption of digital assets by publicly traded companies like Metaplanet and Solana Company for treasury management and capital allocation reflects a strategic shift, recognizing **Bitcoin** and other cryptocurrencies as legitimate financial instruments. These strategies aim to enhance shareholder value by increasing per-share exposure to digital assets and managing capital efficiently. Simultaneously, the sustained development of high-performance blockchain networks like **Monad** signifies continuous efforts to overcome technological barriers and expand the utility and accessibility of decentralized technologies. The market, however, remains susceptible to sharp corrections, particularly in highly leveraged segments, necessitating cautious participation despite growing institutional interest.