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Elizabeth Warren to serve as Chair of the U.S. Senate Banking Committee, plans to ramp up scrutiny of prediction markets and the Trump family’s crypto businesses.

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Following the Democratic Party’s takeover of the U.S. Senate after the midterm elections, Senator Elizabeth Warren is expected to become chair of the Senate Banking Committee in January 2027, where she will strengthen oversight of prediction markets and the Trump family’s crypto operations. An aide to Warren’s committee stated her work priorities will include household cost of living, artificial intelligence, prediction markets, potential financial crises, and accountability issues. Warren previously called for investigations into Trump’s meme coin and alleged conflicts of interest between his family-backed World Liberty Financial and UAE government officials. For Kalshi and Polymarket, she is focusing on election betting and insider trading risks, and has demanded the platforms outline their preventive measures. The aide warned that executives of large tech firms, government officials, Trump family crypto businesses, and Wall Street institutions should retain relevant documents and prepare for questioning. (The Block)

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Galaxy Digital posts Q3 net profit of $323 million, with adjusted EBITDA from its data center business amounting to $69 million.

Galaxy Digital released its third-quarter 2026 financial report, posting a net profit of $323 million, reversing the $85 million loss from the prior quarter. Adjusted gross profit reached $569 million, and adjusted EBITDA stood at $455 million. By business segment: adjusted EBITDA for treasury and corporate operations was $395 million, data center operations contributed $69 million, while the digital assets segment posted a $9 million loss. Digital asset trading volume rose 12% quarter-over-quarter, and combined assets under management and staked assets grew 46% sequentially to $10.4 billion. On the data center front, the first phase of Helios I has delivered all 133 MW of critical IT load to CoreWeave; the second phase has secured full financing, with the company completing the issuance of $3.5 billion in senior secured notes. The data center project has a potential total power capacity exceeding 5.7 GW.

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Securitize announced the acquisition of River One to expand its asset-backed financing business, with Q3 revenue rising 13% year-over-year.

Tokenization platform Securitize has announced the acquisition of institutional financing firm River One, expanding its warehouse financing business backed by loans and other assets. Financial terms of the deal were not disclosed, and the transaction is expected to close in the fourth quarter. River One was incubated by Framework Ventures and counts Maple Finance among its backers. KKR data shows the global private asset-backed financing market was valued at roughly $6.1 trillion in 2024, and is projected to surpass $9 trillion by 2029. Securitize also released its third-quarter financial results: revenue rose 13% year-over-year to $18.6 million, while it posted a net loss of $66.3 million, with roughly $60 million of that total tied primarily to non-cash expenses and accounting adjustments related to its listing and business combinations. The platform’s average tokenized asset size grew 39% year-over-year to $5 billion, and trading volume increased 20% to $4.3 billion. The company also announced a share repurchase program of up to $50 million. As of the end of September, it held approximately $300 million in cash and had no debt. (CoinDesk)

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On-chain privacy protocol Veil.Cash has announced it is phasing out operations, with withdrawals only supported via Command-Line Interface (CLI) after December 21.

On-chain privacy protocol Veil.Cash announced it will wind down operations gradually, shutting down deposit functionality effective immediately. Its front-end interfaces and relay services will remain operational until December 21, 2026, after which users can still withdraw funds via the command-line interface (CLI).

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Bitcoin mining firm MARA’s Q3 net profit rose to $632 million, and it sold 13,597 BTC in October to repay loans.

Bitcoin mining firm MARA released its third-quarter 2026 results, reporting it mined 2,247 BTC in the quarter, a 5% year-over-year increase. Its operational hash rate rose 18% YoY to 71.2 EH/s. Revenue fell 35% YoY to $164 million, while net profit jumped from $123 million in the year-ago period to $632 million. Bitcoin prices rose around 43% from the end of Q2, and MARA recognized fair value adjustments on its BTC holdings in current-period profit or loss. As of the end of September, MARA held 34,012 BTC, a 36% YoY decline, driven primarily by BTC sales in the first half of the year, with some proceeds used to repurchase convertible bonds and repay credit facilities. In October, MARA sold an additional 13,597 BTC at an average price of roughly $81,039, generating around $1.1 billion in proceeds, which it used to fully repay a $750 million Bitcoin-backed mortgage and release 17,477 BTC from collateral.

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South Korea's KOSPI rose 4.55% at the open.

According to Bitget market data, South Korea’s KOSPI index broke through the 5,200-point level at the start of trading, with an intraday gain of 4.55%. SK Hynix rose 6.7% and Samsung Electronics gained 5%. As of press time, South Korea’s exchange has triggered the program trading suspension mechanism for the KOSPI index, pausing programmatic buy orders.

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Significant progress has been made in US-Iran peace talks, driving sharp rallies in US stocks and gold, a steep slump in crude oil, while Bitcoin remains in sideways consolidation.

Overnight to early morning, US-Iran peace talks made major progress. According to media reports, the U.S. agreed to allow Iran to maintain uranium enrichment at a maximum of 3.67%, a condition Iran accepted. The two sides are also arranging discussions on the return of International Atomic Energy Agency (IAEA) inspectors to Iran, with a preliminary agreement on Iran’s uranium enrichment level expected. Brent crude oil’s intraday losses widened to nearly 8%. After meeting with Qatar’s prime minister on Monday, Trump said there is no need for military action currently; if the Middle East situation changes, the U.S. stands ready to act at any time, but such an outcome is “extremely unlikely” for now. Affected by the news, the S&P 500 notched its largest daily gain in seven months, while the Dow Jones closed up more than 2% each; the semiconductor index rose nearly 7%, with a two-day cumulative gain of 11%. In terms of individual stocks, data from the BIT Stock Platform shows AMD rose over 10%, SpaceX gained nearly 6%, while Nvidia fell 4.27% against the trend due to the Jensen Huang incident. AI stocks continued their rebound: among optical communication concept stocks, Coherent rose nearly 17%, Lumentum gained over 10%, and MRVL rose 9.49%; storage stocks SNDK rose 6.16%, STX and WDC both climbed nearly 10%; neocloud concept stocks NBIS rose 9.24%, CRWV gained 5.56%. Crude oil was pressured by expectations of easing geopolitical tensions. Brent crude once dropped nearly 8%, and West Texas Intermediate (WTI) crude fell more than 6% at one point. Meanwhile, as the U.S. dollar index retreated, copper and precious metals (gold and silver) rebounded. Notably, HTX market data shows Bitcoin, which had been relatively resilient amid prior declines, performed weakly in this rebound, still failing to recoup its losses from yesterday’s morning session, and was temporarily trading at $75,337.00.

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