Balancer identifies rounding error as root cause of multi-chain DeFi exploit

Samson Mow, the CEO of JAN3 and a prominent Bitcoin maximalist, is pushing back against a common misinterpretation in crypto analysis. Mow explained that coins moving on-chain are not necessarily sales.

Big take on on-chain coin movement

Typically, when crypto assets move from one wallet to another, many analysts and even media outlets automatically label it as a sales distribution. However, Mow shared a different opinion. 

He noted that coins moving to exchange addresses are not necessarily sales. Mow mocked panic-driven retail investors and analysts who react to on-chain coin movement without context.

According to Mow, they lack the conviction needed to hold Bitcoin long-term if they are scared by every wallet transfer.

Mow find it hilarious that people still fall for this narrative, especially after years of proof that on-chain moves are often misleading.

In reality, coins can move for many reasons, such as security rotation from cold storage to a hot wallet. Users can also move coins to exchanges for staking, lending or yield. Furthermore, exchange transfers may be part of a structured product or ETF rebalancing.

Overall, Mow is calling out fear, uncertainty and doubt (FUD) fueled by the misinterpretation of data. In his opinion, real Bitcoiners do not flinch at wallet movement but understand that context matters. 

Samson Mow's Bitcoin predictions

Mow has consistently issued bold predictions for the leading coin over the years. In one of his popular predictions, Mow suggested Bitcoin reaching the $1 million milestone.

However, amid a recent gold market sell-off, Mow noted that the $1 million BTC target cannot happen quickly. He explained that post-gold dips may spur retail panic-selling to chase crypto gains.

Mow agreed in principle about the gold flows to BTC, but he has cautioned against expecting an immediate rally.

Nonetheless, he recently put out his next BTC target at $10 million per coin. He made it sound less like a long-term dream and more like a checkpoint that will come faster than most expect.

While many think this target is overwhelming, and that is understandable, Mow has always dismissed any skepticism toward BTC.

The JAN3 CEO recently warned investors that time is running out to buy BTC below $200,000. His remarks align with BTC tightening supply. Notably, the circulating supply equates to 19.92 million BTC. This is close to the 21 million hard cap, leaving 1.1 million coins to be mined.

While crypto companies are racing to list on Wall Street, Ripple is sitting this one out. Speaking at the firm’s Swell conference in New York, Ripple President Monica Long made it clear the company has no immediate plans for an IPO.

Her words come at a time when the crypto industry is in the middle of an IPO boom. Firms like Circle, Gemini, Bullish, and Figure Technologies have already gone public this year, while Kraken and Consensys are preparing to follow.

A $40 Billion Valuation and No Rush for an IPO

Ripple is avoiding an IPO because it doesn’t need one. The company recently raised $500 million in fresh funding, putting its valuation at $40 billion. The round was led by Fortress Investment Group and Citadel Securities, with backing from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.

That financial strength is also reflected in Ripple’s internal confidence. The company reportedly tried to buy back $1 billion worth of shares from investors but found few sellers, which is a sign that existing shareholders are holding on tight.

Ripple’s Growth Driven by Stablecoins and Partnerships

Ripple’s growth story is picking up pace. Long said the company’s customer base has doubled quarter-over-quarter, powered by the growing adoption of stablecoin payments and stronger regulatory clarity following the U.S. Genius Act.

Ripple’s RLUSD stablecoin is already making waves, crossing $1 billion in circulation within a year of launch. The company has teamed up with Mastercard, WebBank, and Gemini to test using RLUSD for credit card settlement, which could expand Ripple’s role in the payments ecosystem.

Ripple also strengthened its institutional arm by acquiring Palisade, a digital asset custody provider, to offer secure and scalable crypto services under one platform.

Staying Private in a Public Frenzy

The IPO wave sweeping across crypto is partly driven by a friendlier environment under President Donald Trump’s administration, which has eased regulatory pressure and revived investor interest.

Yet Ripple’s decision to stay private shows a confidence built on cash reserves, steady growth, and control over its own direction.

As rivals race toward public listings, Ripple seems content to focus on building.

VICTORIA, Seychelles, Nov. 6, 2025 /PRNewswire/ -- Bitget, the world's largest Universal Exchange (UEX), has seen its US Stock Futures trading volume rocket past $1 billion, doubling its momentum in just two weeks. The milestone reflects strong market adoption of Bitget's stock-linked derivatives and the growing demand for tokenized exposure to traditional financial assets.

The surge coincides with a historic rally in US equities driven by artificial intelligence advancements and a robust Q3 earnings season. Traders on Bitget have shown particular interest in AI and technology leaders, with Tesla (TSLA), Strategy (MSTR), Apple (APPL) emerging as the top three most traded assets, recording cumulative volumes of $380 million, $262 million, and $87 million, respectively.

Launched back in September, Bitget's USDT-margined perpetual futures allow traders to access derivatives on 25 leading US stocks, including Apple, Amazon, Meta, and NVIDIA, with up to 25x leverage and competitive fees at or below 0.06%. The listings offer exposure to some of the world's most influential companies across technology, finance, consumer goods, and industrial sectors, all within a crypto-native trading environment.

Building on this success, Bitget expanded its stock-linked product suite with the addition of NFLXUSDT, FUTUUSDT, JDUSDT, RDDTUSDT, and QQQUSDT stock index perpetual futures, further strengthening its portfolio of Real World Asset (RWA) products for global traders.

The introduction of Stock Futures complements Bitget's broader UEX framework, which integrates centralized, decentralized, and tokenized markets within a single platform. This approach allows users to express equity views, hedge positions, and deploy strategies within a capital-efficient, 24/7 derivatives infrastructure that retains full crypto-native execution and transparency.

As tokenization and around-the-clock trading models gain global traction, Bitget's rapid momentum underscores its leadership in shaping the future of multi-asset trading. One where stocks, digital assets, and on-chain instruments coexist seamlessly.

About Bitget

Established in 2018, Bitget is the world's largest Universal Exchange (UEX), serving over 120 million users with access to millions of crypto tokens, tokenized stocks, ETFs, and other real-world assets on a single platform. The ecosystem is committed to helping users trade smarter with its AI-powered trading tools, interoperability across tokens on Bitcoin, Ethereum, Solana, and BNB Chain, and wider access to real-world assets. On the decentralized side, Bitget Wallet runs as the leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built-in the platform.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world's most thrilling championships.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

PROVIDENCIALES, Turks and Caicos Islands, Nov. 6, 2025 /PRNewswire/ -- KuCoin, a leading global crypto platform built on trust, today announced that Shelton Qiu, former Marketing Director and Business Development Lead at SparkPool, has joined the KuPool team as Chief Operation Officer. This strategic addition further strengthens KuPool's leadership in mining capability and KuCoin's position as a comprehensive hashrate production and allocation hub.

With nearly a decade of experience in blockchain and mining, Qiu played a pivotal role in helping SparkPool become the world's largest Ethereum mining pool and maintain its industry-leading position. During his tenure, he actively contributed to technological innovation and community development, advancing the Ethereum PoW ecosystem and promoting industry knowledge sharing. At KuPool, he will leverage his deep engineering insight and operational expertise to scale Litecoin (LTC) mining hashrate, enhance system stability, and drive sustainable profitability for professional miners and institutional clients.

Qiu is also expected to play a key role in expanding KuPool's global reach, forming technical and ecosystem partnerships, and advancing product innovation across multi-currency mining—including LTC, DOGE, PEPE, Lucky, and BELLS. His leadership will accelerate KuPool's vision of building a trusted, transparent, and high-performance mining infrastructure that embodies the decentralized principles of Proof of Work (PoW).

KuPool's total mining hashrate continues to grow, with its LTC/DOGE pool consistently ranking fourth globally — a testament to its strong market reputation and robust product capabilities.

About KuPool

KuPool is a new mining pool service within the KuCoin ecosystem, dedicated to building transparent, secure, and verifiable mining infrastructure. Leveraging KuCoin's advantages in security, compliance, and asset management, KuPool offers miners a fair and trusted experience through efficient, traceable profit-sharing mechanisms and support for major and merged mining cryptocurrencies such as LTC, DOGE, PEPE, Lucky, and BELLS. With "Verified Hashing, Trusted Mining" at its core, KuPool promotes the sustainable growth of the blockchain hashrate economy.

Learn More: https://www.kupool.com/

Prediction markets are signaling declining confidence that the US Supreme Court will rule in favor of President Donald Trump’s sweeping tariff powers, with traders on regulated and crypto-native platforms reducing their exposure following the week’s developments. 

US-regulated event-market platform Kalshi showed Thursday that traders now assign a 29% chance that the Supreme Court will side with Trump, a 28-point drop in a single day. 

On Polymarket, Kalshi’s onchain competitor, where contracts are settled in USDC (USDC), the odds fell to 25%, reflecting a similar collapse in sentiment. 

The combined trading volume across both platforms surpassed $1.3 million, showing that traders participating in prediction markets can provide early indicators of sentiment linked to political and judicial outcomes. 

HONG KONG, Nov. 6, 2025 /PRNewswire/ -- Cango Inc. today released a letter to shareholders at the one-year milestone of its bold transformation to a robust Bitcoin mining operation. CEO Paul Yu reflected on this milestone, emphasizing Cango's vision to deliver energy-secured HPC services. The journey began in November 2024 with Bitcoin mining as a practical entry point to secure energy access, build operational expertise, and create flexible sites for long-term goals.

In just eight months, Cango scaled to a 50 EH/s global platform by acquiring 32 EH/s of on-rack mining machines in November 2024, followed by 18 EH/s in June 2025. The company divested its China-based assets by May 2025, redirecting resources to its mining operations. A new Board and management team with expertise in digital assets, finance, and energy was onboarded to guide this ambitious transition.

The financial impact was swift. In Q2 2025, Cango reported US$139.8 million in revenue, US$99.1 million in adjusted EBITDA , and US$117.8 million in cash equivalents, driven by an asset-light model focused on operational efficiency. Cango established a new, highly competitive core business, and a scaled global footprint across the U.S., Oman, Ethiopia, and Paraguay.

This year's momentum continued with key milestones. In August 2025, Cango acquired a 50 MW facility in Georgia for US$19.5 million, strengthening operational control and securing better power terms. Hashrate efficiency surpassed 90%, and Bitcoin holdings grew to over 6,400 BTC by October 31, 2025, through a disciplined HODL strategy. To enhance capital structure, Cango will transition to a direct NYSE listing on November 17, 2025.

Looking ahead, Paul shared that Cango's Bitcoin mining foundation will fuel a dual-track expansion into energy and HPC. The company plans disciplined, phased pilots, a targeted entry into the AI HPC market, and dual-purpose energy infrastructure development, while optimizing mining operations through improved uptime, lower energy costs, and refreshing 6 EH/s of capacity.

 View original content: https://ir-image.cangoonline.com/ir-documents/Cango%20Shareholder%20Letter%20202511.pdf

Investor Relations Contact

Juliet YE, Head of Communications

Cango Inc.

Email: ir@cangoonline.com