Bitcoin mining software reveals high severity security flaw
TheStreet Bitcoin miners use specialized computers to race to add the next valid block. Adding blocks and validating transactions is how they earn rewards. This week, Bitcoin Core developers flagged a “high severity” software flaw in a November 10 report. The flaw could stop affected mining nodes from preparing new blocks. Explained: What is Bitcoin mining? (6:23) This could potentially cost miners opportunities to earn rewards. As per the report, the flaw was reported to developers in September 2025 and patched that October, over a year before its public disclosure. Developers waited until the last vulnerable software version reached end of life on Oct. 27, 2026, before releasing any further details. The flaw did not directly expose Bitcoin holdings to theft. Miners’ reliance on Bitcoin Core Bitcoin Core is the open-source software descended from the original Bitcoin code released by Satoshi Nakamoto in 2009. The software enables nodes to verify transactions and maintain the network with the addition of newer blocks. For miners, the software also prepares transactions that mining machines compete to add to the blockchain. Before mining a new block, a computer gathers pending transactions into a draft block. The mining machines then compete to produce a valid block, with the successful miner earning 3.125 BTC in newly issued Bitcoin, plus transaction fees. If the software, however, fails to curate that template, the machines are essentially left with no valid work to perform or blocks to add. What went wrong with Bitcoin Core Bitcoin Core has identified the vulnerability as CVE-2025-62861. It has been found to have stemmed from how Bitcoin Core handled transactions after a blockchain reorganization. In a reorganization situation, the network replaces recently accepted blocks with a competing chain. Transactions from the discarded blocks are normally returned to the pool of unconfirmed transactions, known as the mempool. Popular on TheStreet Roundtable: Apple users get urgent security warning over iPhone flaw TikTok boosts bitcoin firm as revenue falls 44% Ethereum ended CoreWeave’s mining days. Earnings test its AI bet Under specific conditions, the bug could remove a transaction while leaving others that depended on it. This left the software with an inconsistent transaction list and prevented it from producing valid block templates. Security researcher Niklas Goegge reported the vulnerability on Sept. 26, 2025, and developer Greg Sanders submitted a fix Bitcoin Core 30.0 shipped the patch on Oct. 10, 2025, followed by versions 29.2 on Oct. 14 and 28.3 on Oct. 17 The flaw affected versions 28.0 through 28.2 and 29.0 through 29.1 What the bug could have cost Bitcoin miners The immediate consequence for affected miners would be lost mining time. Restarting the node would first rebuild its pending transaction list and temporarily restore normal operations. However, the problem could return if another qualifying reorganization occurred. Upgrading to a patched version was needed to remove the underlying vulnerability. Bitcoin Core’s disclosure did not report exploitation or financial losses. The vulnerability majorly unleashes a threat of disrupted mining operations and missed rewards for the miners, and not a threat of BTC getting stolen. The Roundtable 100 If you follow our market coverage, don’t miss the Roundtable 100. Updated every Friday, it’s a power ranking of the 100 most investable tech stocks, including digital assets. Check out the latest RTB 100 rankings at roundtable100.com. Related: American Express jumps 28 places on the Roundtable 100
Ripple veteran reveals why he sold millions in crypto, and what remains
HIVE CEO responds to Elon Musk's neocloud warning (4:14) Ripple Labs CTO Emeritus David Schwartz has put numbers on how far he has stepped back from crypto. In a post on X, he said he has not bought XRP in a long time and has sold nearly all the digital assets he ever held. Some users read that as a full exit. His own figures show otherwise. “I haven't bought XRP in a long time. I am very uncomfortable with risk and have sold nearly all of the digital assets I've ever held. I still hold quite a bit of Ripple stock, and that alone is more risk than I wish I had,” he wrote in the post. From 26 million XRP to around 3 million One of his followers on X wrote: “founder of Ripple just stated that he sold nearly all of his XRP and only owns Ripple stock.” Responding to him, Schwartz said it’s not a secret and his XRP holdings have fallen from a peak of roughly 26 million tokens to about 3 million. Bitcoin is down from around 1,500 BTC to one coin. Ether has dropped from about 40,000 ETH to six. Related: Musk warned America will go 1,000% bankrupt. Now U.S. debt tops $40 trillion and counting He described himself as very uncomfortable with risk. He added that the Ripple stock he still holds already carries more risk than he would like. “In 2025, I sold about 2.5 million XRP, most of which I received in 2020 and 2023. I paid approximately $1.7 million in capital gains tax on those sales,” he wrote in a post a few days ago. The reasoning is not new. In a July 21 reply, Schwartz said he had agreed with his wife to sell at every new all-time high. He admitted he wishes he hadn’t, and said he wishes he were more comfortable with risk but is “not that person.” Earlier this year he also said he regrets selling XRP at $0.10 and ETH near $1.05. “I wish I hadn't done those things. But I agreed with my wife to sell at every new ATH and I really, really hate risk. I wish I was more comfortable with risk, but I'm just not that person,” he stated before. Schwartz has been candid before This is not the first time his comments on Ripple’s past have drawn attention. In July, Schwartz backed CEO Brad Garlinghouse’s claim that Ripple came close to shutting down after the SEC sued in December 2020. He said company lawyers advised that Ripple was “done” and “unsavable,” and that executives should cut a deal to save themselves. Garlinghouse and Executive Chairman Chris Larsen chose to fight instead. The case became one of the most closely watched legal battles in crypto. Schwartz stepped back from his day-to-day CTO role at the end of 2025 but remains active in the XRP Ledger community. By his own account, Ripple stock now carries more risk for him than any token he holds. The Roundtable 100 If you follow our market coverage, don’t miss the Roundtable 100. Updated every Friday, it’s a power ranking of the 100 most investable tech stocks, including digital assets. Check out the latest RTB 100 rankings at roundtable100.com. Related: Binance founder issues chilling warning after record crypto heist
Signage for Bitcoin cryptocurrency on a cryptocurrency ATM, operated by Coinhero, in Hong Kong, China, on Wednesday, Nov. 26, 2025. Signage for Bitcoin cryptocurrency on a cryptocurrency ATM, operated by Coinhero, in Hong Kong, China, on Wednesday, Nov. 26, 2025. Source: Getty Images Framingham, an affluent city in Massachusetts, recently introduced a sweeping ban on crypto ATMs in the face of scams. According to Census Reporter, the city’s median household income of $110,159 dwarfed the national median household income of $81,604 in 2024. Income in Framingham, Massachusetts, U.S., Source: Census Reporter While 35% of Framingham’s households had an income range of $100,000-$200,000, 19% of the households earned over $200,000 as of 2024. But the city’s residents reported losing money to crypto ATM scams for the last few years, forcing the council to ban these machines. A crypto ATM is a kiosk where a user can buy Bitcoin (BTC), Ether (ETH), XRP, etc., with cash or a credit card. Some ATMs even let users send crypto from their wallet to the machine’s address to receive physical cash. Popular on TheStreet Roundtable: Billionaire Ray Dalio reveals how to survive ‘economic heart attack’ Apple users get urgent security warning over iPhone flaw Ripple veteran says he threw IRS letter in trash After residents in Framingham reported losing $397,000 to scams related to these ATMs since 2023, the City Council voted unanimously to ban these machines from operating in the city, MetroWest Daily News reported on Nov. 9. The move aims to protect the city’s residents, especially senior citizens, non-English speakers, and lower-income people, from financial fraud. Middlesex District Attorney Marian Ryan told councilors that many of these scams never got reported because victims feel embarrassed. "What's incredibly important about this is that there's no way to get access to it, even in those cases where we are able to successfully prosecute who may have been the scammer. We can't access the wallet that will be holding the money. Often that wallet is actually outside of the United States," she said. "There's really no good reason for these machines to be scattered around the city." After District 3 Councilor Mary Kate Feeney first introduced the ban proposal in October, the rules, ordinances and ethics subcommittee approved it. At the Nov. 5 meeting, the City Council unanimously approved the proposal to ban crypto ATMs from operating in the city. Framingham Police Department also supported the ban. Detective Sean Wilson said his professional experience has given him firsthand insight into the financial harm caused by these scams and the challenges victims face in attempting to recover their money. District 4 Councilor Michael Cannon said he would eventually like to see a statewide ban on crypto ATMs because scammers can simply move to another community that hasn’t banned these machines. "When it's a scam-related type ban, it gives the municipality comfort that we've looked out for our seniors, we've done that," he said. "But the criminals have moved on to other technologies, they've got other ways. So we have to stay vigilant." Framingham joins 22 other Massachusetts communities, including Burlington, Haverhill, Waltham, and Wayland, that have banned crypto ATMs. The Roundtable 100 If you follow our market coverage, don’t miss the Roundtable 100. Updated every Friday, it’s a power ranking of the 100 most investable tech stocks, including digital assets. Check out the latest RTB 100 rankings at roundtable100.com. Related: ‘Breaking Bad’ city bans crypto ATMs, threatens to shut violators down
This crypto firm lets AI agents take the first vote on startup deals
Tribute Labs co-founder Aaron Wright on Aiden using AI agents for vetting startups (8:11) A venture fund where the first pass on every deal comes from AI agents is no longer a futuristic experiment. Aaron Wright, a lawyer turned crypto builder, is betting that AI will soon pick startups better than humans do. His new venture product, ADIN, puts artificial intelligence at the center of the investment process. "People need to get comfortable with the fact that these agentic systems are probably gonna be able to generate a higher rate of return," Wright told TheStreet Roundtable in an episode of the video series, Against the Odds. Related: This AI startup is betting it can end insurance claim denials Behind America’s first DAO law Wright co-founded Tribute Labs, along with Priyanka Desai. It began as the Ethereum legal-tech startup OpenLaw before rebranding in 2021 to focus on building decentralized autonomous organizations, or DAOs. He is also a former law professor at Cardozo School of Law in New York. Wright has helped write Wyoming’s DAO law, which passed the state Senate in a 28-2 vote in 2021. The law let DAOs register as limited liability companies, and Wyoming approved America’s first legally recognized DAO that same year. Tribute has since supported a network of about 20 DAOs that try to replace a fund’s general partner with democratic voting. Wright says they have collectively backed six of the top 12 DeFi projects. Aiden takes that idea a step further, replacing much of the crowd with AI. A billion dollars on paper The crowd-picking model also produced one of the most visible boom-and-bust trades in crypto. In 2020, Wright co-founded Flamingo DAO, a members-only collective that pooled capital to buy NFTs. By early 2022, the group’s collection of CryptoPunks, Bored Apes and generative art was valued at about $1 billion, up from roughly $10 million in member contributions. NFTs, or non-fungible tokens, are blockchain records that prove someone owns a digital item, usually an image. During the 2021 boom, collectors paid millions of dollars for cartoon apes and pixelated portraits. Then the market collapsed. NFT trading volume came to about $5.5 billion in 2025, well below 2024 levels and far from the peak. CryptoPunks, a centerpiece of Flamingo’s collection, saw their floor price fall roughly 78% from the 2021 high. The projects that lasted mostly turned into something else. Pudgy Penguins, a 2021 collection of cartoon penguin NFTs, now sells plush toys in about 2,000 Walmart stores, TheStreet reported. Even that model has limits: in October, parent company Igloo shut down Abstract, the blockchain it launched in January 2025. Asked what the collection is worth today and what the bust taught him, Wright did not give a number. He said Flamingo bought “before there was any boom” and that he expects the works to carry “cultural and also hopefully financial” value in the long run. The episode is a useful test for ADIN. A $1 billion mark in a thin, momentum-driven market is not the same as a realized return. If AI agents are built to spot what comes next, investors will want to know whether they can tell a trend from a bubble. More on TheStreet Roundtable Pudgy Penguins maker shuts down its next big bet within 18 months Binance hackers turn to Elon Musk memecoins to hide $6.3 billion GTA 6 may be the last blockbuster built without AI A vote followed by an hour of diligence Aiden starts by taking in whatever information exists on a startup, from pitch decks to public materials. It then runs an extensive diligence process that lasts about an hour. At the end, a “synthetic investment committee” made up of multiple AI agents votes on the deal, giving it a thumbs up, a thumbs down or a maybe. The result is a composite score that Wright compares to an IMDb rating or a Rotten Tomatoes score. For now, humans make the final call. Wright’s team interviews the founders, feeds the answers back into Aiden and then decides whether to invest. Tribute has also paired Aiden with a network of about 1,300 scouts who source deals across the technology sector. ADIN follows a pre-determined sequence to finally arrive at a final decision. The legal ramifications Because people make the final decisions, legal liability for Aiden’s picks rests with the firm. But Wright says U.S. law is already ready for something much stranger. "Today in the U.S., with a little bit of legal work, you can have an AI that owns a legal entity and doesn't have any humans overseeing that enterprise," he said. "That may sound odd, but I think that's the future." He expects AI agents to become regular players in finance. “They’ll be generating income and revenue, they’ll be making a profit for themselves and possibly even investors,” he said. Taking on a 60% failure rate Wright says roughly 60% to 70% of venture-backed projects never return any capital. Cutting that even slightly, he said, “just changes the entire game.” He also sees a fairness angle. Founders often feel they must be in Silicon Valley, New York, Boston or Austin to raise money. An AI that can judge a startup from anywhere “should democratize access to capital,” Wright said. Related: Mace Ai founders warn of AI double agents amid banks detecting unauthorized AI agents From filter to decision-maker Wright expects ADIN to take on more of the process over the next few years, possibly including writing the check itself. He compares the shift to the rise of algorithmic hedge funds, when data science reshaped trading. AI systems, he said, will “first assist and then ultimately obliterate” the way venture funds work today. “Agentic finance is coming,” he said. The Roundtable 100 If you follow our market coverage, don’t miss the Roundtable 100. Updated every Friday, it’s a power ranking of the 100 most investable tech stocks, including digital assets. Check out the latest RTB 100 rankings at roundtable100.com.
American Express jumps 28 places on the Roundtable 100
Roundtable 100 analyst is bullish on Solana (2:32) American Express (NYSE: AXP) rose 28 places on the Roundtable 100 in the Nov. 6 ranking, rising to No. 42. Founded as a freight forwarding company in 1850, American Express is a leading bank holding and financial services corporation that specializes in payment cards. American Express Published with TheStreet, The Roundtable 100 ranks the top 100 publicly traded technology growth assets. Each is scored from 0 to 100 by the analysts of the Blue Ribbon Committee on five variables, Team, Safety, Value, Innovation, and Market Dominance, with the average forming the asset’s Power Ranking. The list refreshes every Friday after the U.S. market close. The Blue Ribbon Committee committee’s analysts rank a company on the basis of its potential to grow in the future, not its current dominance. Popular on TheStreet Roundtable: Treasury Secretary Bessent has final say on next reserve move, says ex-White House official Mysterious trader buys millions ahead of Nov. 10 inflation report Ripple veteran says he threw IRS letter in trash Committee member John Slazas is the founder of MKT.TRADE and has more than 40 years of experience across trading and market structure. Slazas said American Express’ business position should be scored separately from its valuation. He said his case rests on scale as the company posted $454 billion in quarterly billed business in the third quarter of 2026. Follow American Express on the Roundtable 100 "American Express is the card issuer, the payment network and the merchant relationship at once. Most rivals are only one of the three." The RTB 100 analyst said it’s a qualitative judgment from the scale, not a measured market share. He also highlighted that the company’s adjusted earnings per share (EPS) benefited from two accounting factors: When American Express sold its stake in the Global Business Travel Group or “Amex GBT” (NYSE: GBTG), it recorded a gain from the transaction but also incurred restructuring-related costs. For adjusted EPS, Amex excluded the net impact of these items, Slazas stressed. The effective tax rate is the percentage of pre-tax income a company pays in taxes. A lower tax rate allows American Express to retain more of its earnings after taxes, thereby boosting reported EPS, Slazas suggested. The analysts granted American Express scores above 80 on Team, Market Dominance, and Safety factors but low scores on Innovation and Value. The company has an overall RTB 100 score of 70 out of 100. See the full ranking. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investments are subject to market risk. Always conduct your own research before making any investment decisions. Disclosure: RTB Digital, Inc. (Nasdaq: RTB), publisher of the Roundtable 100, is itself a ranked constituent of the index. The Roundtable 100 is published for informational purposes only and is not investment advice, an offer, or a recommendation to buy or sell any security, commodity or digital asset. Rankings reflect the views of Roundtable analysts as of the ranking date. Investing involves risk, including loss of principal. Related: Roundtable 100 holds Solana at No. 5 following Alpenglow upgrade
Treasury Secretary Bessent has final say on next reserve move, says ex-White House official
Patrick Witt, the then executive director of the President’s Council of Advisors for Digital Assets, during SPI’s Solana Summit in Washington DC, US, on Monday, Sept. 14, 2026. Patrick Witt, the then executive director of the President's Council of Advisors for Digital Assets, during SPI's Solana Summit in Washington DC, US, on Monday, Sept. 14, 2026. Source: Getty Images U.S. Treasury Secretary Scott Bessent has the final say on the Department’s next big move, said ex-White House official Patrick Witt. It’s Bessent who will have to pursue legal actions to acquire more Bitcoin (BTC) for the strategic reserve, Witt said. HIVE chairman Frank Holmes says U.S. Bitcoin reserve could trigger ‘exponential’ shift (1:17) Bessent to determine how to purchase more Bitcoin, Witt says Witt is the executive director of the President’s Council of Advisors for Digital Assets. He left the White House last month because he was a Department of Defense employee on temporary detail to the Crypto Council and, it had expired. During his stint, he led an unsuccessful effort in Washington to pass the CLARITY Act, major legislation to regulate digital assets in the U.S. On Nov. 9, Witt appeared on the “What Bitcoin Did” podcast in which he claimed that President Donald Trump is interested in the strategic Bitcoin reserve and there has been a lot of discussion to pursue it. For the uninitiated, Trump signed an executive order in March 2025 to establish a strategic Bitcoin reserve just like the federal gold reserve at Fort Knox. The order mandated creating a reserve made up of Bitcoin forfeited by U.S. authorities and also urged the Treasury Department to develop “budget-neutral” strategies to acquire more BTC. Trump has touted the move as evidence of his vow to turn the U.S. into the global Bitcoin capital but there has been little progress so far. During the podcast yesterday, Witt said that open market purchases of Bitcoin could face legal challenges because the U.S. Congress has the ultimate say on federal spending. U.S. Secretary of Treasury Scott Bessent speaks during a press briefing at White House in Washington, DC, on May 28, 2026. Kent Nishimura / AFP via Getty Images) There are several ways to acquire more Bitcoin, such as repricing federal gold holdings to free up funds for crypto purchases, converting other federal digital assets into BTC, etc. But all of them need to be legally compliant and it’s up to Bessent on how the Treasury wants to take legal actions to acquire more Bitcoin for the balance sheet, Witt claimed. Though the Secretary has a lot of priorities, he is trying to manage through it all as the Bitcoin reserve is an ongoing effort, he said. The Treasury Department also needs to build a robust custody infrastructure before it even thinks of buying more Bitcoin, he added. Popular on TheStreet Roundtable: Mysterious trader buys millions ahead of Nov. 10 inflation report Ripple veteran says he threw IRS letter in trash Binance hackers turn to Elon Musk memecoins to hide $6.3 billion Treasury proceeding with ‘deliberate speed,’ Bessent told lawmakers During a Senate Finance Committee testimony in June, Bessent said the Treasury Department is proceeding with a “deliberate speed” as far as a strategic Bitcoin reserve is concerned. Bitcoin is a “new technology” and setting up its reserve is a complicated process, he admitted. But the goal is to use best practices that will be durable for the future, he told the lawmakers back then. The Roundtable 100 If you follow our market coverage, don’t miss the Roundtable 100. Updated every Friday, it’s a power ranking of the 100 most investable tech stocks, including digital assets. Check out the latest RTB 100 rankings at roundtable100.com. Related: U.S. Treasury, Fed scrap $250 transaction reporting proposal
Binance hackers turn to Elon Musk memecoins to hide $6.3 billion
HIVE CEO responds to Elon Musk's neocloud warning (4:14) The hackers behind the largest crypto theft on record are laundering their haul through memecoins they mint themselves. North Korea-linked launderers created worthless tokens on NEAR, Tron and Solana, then routed stolen Binance funds through decentralized exchange pools built around them, according to blockchain analytics firm Elliptic. The tokens have no value of their own. Their job is to make laundering look like trading, so stolen assets pass through swaps that are harder to tell apart from routine speculation. The disguise borrows from memecoin culture. One of six NEAR tokens displayed Elon Musk under an “Elon 2028 President” banner, the kind of branding that blends into a crowded field of celebrity-themed coins. Elliptic said there is no suggestion Musk has any connection to the tokens. How the memecoin trick works The method is simple. Launderers create a token and pair it with a real asset like NEAR in a liquidity pool. One set of wallets buys the token with stolen funds, and a second set sells it back and withdraws clean assets. Related: Musk warned America will go 1,000% bankrupt. Now U.S. debt tops $40 trillion and counting The stolen funds never move directly between the two sets of wallets. According to the Elliptic report, the six NEAR tokens were created between Nov. 5 and Nov. 7. Each cost about 25 NEAR, or roughly $90, to launch. About 117,000 NEAR, around $430,000, passed through them. None has traded since Nov. 8. The firm said the trail can still be followed on-chain. The tokens slow investigators down rather than hide the money. Launderers used the same trick after the Bybit hack in 2025, moving at least $24 million. Where the stolen $6.3 billion stands Binance put the impact of the Oct. 29 attack at $6.34 billion, while Elliptic puts the figure at $6.43 billion. About $2.85 billion has been frozen. Elliptic said roughly $3.0 billion remains in addresses linked to the theft. It believes North Korea very likely still holds those funds. North Korea denies involvement. The FBI formally blamed North Korea’s TraderTraitor group on Oct. 31. In another report, TRM Labs put total losses at about $6.36 billion across ten blockchains, including 18,270 BTC sent to a single address and split across 19 wallets. Binance has borne the full loss from its own funds, so users bear none of it. Binance founder Changpeng Zhao warned that AI is giving hackers an edge over exchanges and banks. “In the short term, I think that we’re gonna see a lot more hacks,” he said in a post, adding that AI could eventually lead to strengthen defenses. The Roundtable 100 If you follow our market coverage, don’t miss the Roundtable 100. Updated every Friday, it’s a power ranking of the 100 most investable tech stocks, including digital assets. Check out the latest RTB 100 rankings at roundtable100.com. Related: Binance founder issues chilling warning after record crypto heist
BitGo adds APT stake to its growing Aptos relationship
Aptos SVP Ash Pampati explains why quantum readiness can't wait (3:22) Crypto custody companies usually play the role of the neutral middleman. They hold digital assets for banks, funds and exchanges, and they rarely bet their own money on the networks they support. BitGo, one of the largest of them, is now putting its own balance sheet behind Aptos. BitGo said in a press release that it has taken a “strategic position” in APT, the native token of the Aptos blockchain. Aptos is a layer-1 network, a base blockchain that apps are built on, originally incubated at Meta. APT is used to pay transaction fees and to help secure the network. The company didn’t disclose the size of the position, what it paid, or when it bought the tokens. Related: $13 trillion brokerage giant offers cheapest ways to trade crypto Building on years of Aptos support BitGo is a New York Stock Exchange-listed company that stores digital assets for institutions. Its businesses include BitGo Bank & Trust, which the company describes as the first federally chartered digital asset trust bank owned by a publicly traded company. The firm already offers Aptos services to its institutional clients. Eligible clients can store APT with BitGo and stake it, meaning they lock up tokens to help run the network in exchange for rewards. BitGo also holds assets created under the Aptos Digital Asset Standard, a framework for things like tokenized loans and real-world assets. Abel Seow, BitGo’s managing director and head of APAC sales, said the move continues that work. “Our work with Aptos already spans custody, staking, and connectivity to onchain markets,” he said. More on Aptos on TheStreet Roundtable: Aptos joins Solana and Ethereum in Bullish’s tokenized stock plan Aptos exec: Wall Street still needs treasury stocks Aptos Labs and five blockchain groups ask SEC for clearer crypto rules A direct line to Decibel That last part refers to Decibel, a trading platform built on Aptos and incubated by Aptos Labs, the network’s core developer. Institutions that use BitGo’s self-custody wallets can connect to Decibel through the same approval steps they already use for other transactions. For Aptos, a custodian holding its token says something about confidence in the network’s direction. Solomon Tesfaye, chief business officer at Aptos Labs, said BitGo’s stake “underscores its commitment to Aptos.” Michael Ching, head of treasury and operations at the Aptos Foundation, the nonprofit that supports the network’s growth, described it in terms of what institutions look for. “Institutional adoption tends to follow solid infrastructure,” he said. The real test is whether BitGo’s clients start doing more with APT, through staking, trading on Decibel, or both. The Roundtable 100 If you follow our market coverage, don’t miss the Roundtable 100. Updated every Friday, it’s a power ranking of the 100 most investable tech stocks, including digital assets. Check out the latest RTB 100 rankings at roundtable100.com. Related: Analyst warns Bitcoin should be down 40% after two weeks of chaos
Incoming Senate chair sets urgent deadline for Trump-linked ventures
How did hackers drain $6.3 billion from Binance in about 20 minutes (3:39) Sen. Richard Blumenthal (D-Conn.) has told Binance, Tether and two crypto ventures tied to President Donald Trump to start handing over records by Nov. 30 and finish by Jan. 4, or face what he calls “alternative measures.” Blumenthal shared the letters on Nov. 5, two days after midterm elections gave his party control of Congress. Each company was also told to confirm receipt by Nov. 9. For now, the requests are voluntary. Blumenthal is the top Democrat on the Senate Permanent Subcommittee on Investigations, which Sen. Ron Johnson (R-Wis.) chairs. Incoming chairs gain subpoena authority, the power to legally compel documents, when the new Congress convenes in January next year. Blumenthal, a Connecticut senator since 2011, is no stranger to taking on corporations. He was a federal prosecutor as U.S. attorney and spent 20 years as the state’s attorney general before joining the Senate. As the top Democrat on the investigations panel, he has been pressing the Trump-linked crypto ventures for records since May 2025, and he has since widened his inquiries to Binance and Tether. Related: Traders open $9.1 million in Nvidia shorts as CEO admits to affair Binance: the Iran question Blumenthal opened his Binance inquiry in February, after reports that compliance staff had traced $1.7 billion in transfers to Iranian entities through two partners. His letter says the exchange has produced no records. The Senate is not alone. In September, the Justice Department sought forfeiture of $61 million it says was laundered through Binance accounts. Forfeiture targets the money itself. Days later, Bloomberg reported that prosecutors were examining whether Binance knowingly allowed trading that violated Iran sanctions. Binance said it has zero tolerance for sanctions violations and cooperates with law enforcement. The exchange pleaded guilty to breaking U.S. anti-money laundering laws in 2023 as part of a $4.3 billion settlement. A timeline of the probe. Credits: Adam Barodawala Tether: two lines of inquiry A September report by Blumenthal’s Democratic staff examined 846 wallets sanctioned in connection with Iran and found that 84% of those wallets transacted in USDT. Tether issues USDT, the largest dollar-backed stablecoin, a crypto token designed to hold a steady $1 value. Tether responded that it helped freeze nearly $550 million in Iran-linked USDT this year and that the token is no haven for sanctioned actors. The second line concerns influence. Citing The Wall Street Journal, Blumenthal’s October letter says more than $6 million flowed from Tether to Nxum, a consulting firm partly owned by Bo Hines while he worked on stablecoin legislation at the White House. Hines now runs Tether’s U.S. business and is named in the latest letter. More on TheStreet Roundtable After midterm losses, Trump-linked World Liberty Financial buys its own dip Ripple veteran says he threw IRS letter in trash $13 trillion brokerage giant offers cheapest ways to trade crypto The Trump-linked ventures Blumenthal has sought the ownership, foreign investment and conflict-of-interest records of World Liberty Financial and Fight Fight Fight LLC since May 2025. His letters say neither company has produced any. World Liberty Financial issues the USD1 stablecoin and the WLFI token. Fight Fight Fight LLC launched the $TRUMP memecoin, a token whose value is driven mainly by demand and speculation. The sharpest question involves a reported $500 million purchase of a 49% stake in World Liberty by investors including UAE national security adviser Sheikh Tahnoon bin Zayed Al Nahyan. CNBC reported that the January 2025 deal directed $263 million to Trump family entities, citing his financial disclosure. When recently asked on 60 Minutes why that arrangement differed from one he would criticize in the Biden family, Trump confirmed he co-owns the company but replied, “Because I know nothing about it.” He added that his sons run the business. Why Jan. 4 matters The Jan. 4 deadline turns a long-running paper chase into a test. Companies that once ignored a minority senator now have to weigh how they will respond to a chairman with stronger tools. However, none of these letters is a finding of wrongdoing. The next marker is Nov. 30, when the companies are due to begin producing records. The Roundtable 100 If you follow our market coverage, don’t miss the Roundtable 100. Updated every Friday, it’s a power ranking of the 100 most investable tech stocks, including digital assets. Check out the latest RTB 100 rankings at roundtable100.com. Related: Trump's 401(k) private assets rule reaches White House
Mysterious trader buys millions ahead of Nov. 10 inflation report
The Department of Labor building in Washington D.C., USA on March 31st, 2019. The Department of Labor building in Washington D.C., USA on March 31st, 2019. Source: Getty Images The U.S. Bureau of Labor Statistics (BLS) will release the Consumer Price Index (CPI) report for October at 8:30 am ET on Nov. 10. The inflation index, which reveals the rise or fall in the prices of goods and services, also informs the policy of the Federal Reserve to adjust interest rates. If inflation is under control, the central bank could hold the rates within the 3.75%–4% range. But an acceleration in inflation could increase the likelihood of another rate hike, depending on broader economic conditions. While higher interest rates make financial instruments like the U.S. Treasury bonds more attractive to investors by offering relatively higher yields, lower interest rates can increase liquidity in financial markets and encourage investors to seek higher returns through riskier assets, including cryptocurrencies. Crypto’s mysterious movers that make or break markets (4:24) Mysterious trader buys $9 million in Ether Ahead of the Nov. 10 inflation report release, a mysterious trader purchased Ether (ETH) worth $9.08 million at an average price of $2,106. As per the onchain analytics platform Lookonchain, the trader made the ETH purchase across two wallets on Nov. 9. Though crypto wallet addresses are public, the traders behind them remain anonymous figures and stay unknown. That is why such a crypto trader is also called a “mysterious trader” because their identity remains hidden. Mysterious traders tend to make big bets ahead of major announcements, such as economic data releases, the Federal Reserve’s announcements, trade deal announcements, etc. The crypto trader spent over $9 million to buy Ether in the hope that the cryptocurrency’s price will recover and ultimately surge. ETH/USD, Source: Decibel Ether, which has lost 15% of its value in the last month, was trading around $2,120 at the time of writing as per Decibel. The Roundtable 100 If you follow our market coverage, don’t miss the Roundtable 100. Updated every Friday, it’s a power ranking of the 100 most investable tech stocks, including digital assets. Check out the latest RTB 100 rankings at roundtable100.com. Related: Roundtable 100 holds Solana at No. 5 following Alpenglow upgrade
Digital AssetのCEO、財務省は5年以内に短期国債をオンチェーンで発行すると語る(3:52) Canton Networkを構築したDigital Assetの共同創業者兼CEO、ユヴァル・ルーズ氏はToken2049のTheStreet Roundtableで、財務省はブロックチェーン基盤上で短期国債を直接発行し、2〜5年以内に実現する可能性があると語った。 「間違いなくそうです」と、財務省が二次的なトークン化市場に頼らず、オンチェーンで発行するかを尋ねられたルーズ氏は答えた。 関連記事:アナリストの警告にもかかわらず、ゴールドがRoundtable 100で24ランク上昇