A whale deposited 14 million USDC into HyperLiquid to buy HYPE spot shares.

PANews reported on November 7th that Bitmine (NYSE: BMNR) posted on its official Twitter account that the online rumor that "Cathie Wood's ARK reduced its holdings of BMNR by 5.2 million shares" was incorrect, originating from a Bloomberg terminal error. The latest data has been corrected, showing that ARK Investment Management increased its holdings by 61,416 shares on November 6th.

The post Starknet bids to make bitcoin productive with new BTCfi push appeared on BitcoinEthereumNews.com. Starknet is stepping up efforts to attract bitcoin onto its layer-2 network. It’s rolling out a 100 million STRK incentive program alongside new staking mechanics in hopes to position the rollup as bitcoin’s “execution layer.” The campaign, branded BTCFi on Starknet, comes as rival projects Babylon and Botanix pitch their own competing models for putting idle BTC to work. Babylon channels bitcoin into securing external proof-of-stake chains, while Botanix earlier this month launched stBTC, a vault that redistributes half of its gas fees — paid in bitcoin — directly to users. Starknet’s pitch is different, according to Tom Brand, StarkWare’s head of product. Bitcoin stakers will help secure the rollup itself. Read more: Botanix launches stBTC to deliver Bitcoin-native yield “Babylon focuses on staking BTC to secure external [proof-of-stake] chains, and Botanix builds an EVM chain on Bitcoin,” Brand told Blockworks. “Starknet, by contrast, lets BTC directly secure a real, high-throughput zk rollup with active DeFi and BTCFi use, so staked Bitcoin underpins real economic activity, not just theoretical security.” For now, however, Starknet staking relies on wrapped assets such as tBTC, LBTC, WBTC and SolvBTC rather than native bitcoin. That means users gain exposure via smart contracts on Starknet, but custody ultimately depends on the safety of wrapper infrastructure and cross-chain bridges. “Staking is ‘trustless’ in the sense that users retain control via smart contracts on Starknet and do not hand BTC to a centralized custodian,” Brand said, acknowledging the “BTC is wrapped and bridged, introducing trust assumptions tied to the wrapper infrastructure and the bridge itself.” There are other caveats. Unlike proof-of-stake systems where validators risk losing funds if they misbehave, Starknet’s BTC staking has no slashing mechanism today. “The architecture allows for slashing to be added in the future, but none is active now,” Brand said. That…

JPMorgan Chase has declared Bitcoin more attractive than gold for investors following recent market deleveraging trends, marking a significant shift in institutional perspectives toward cryptocurrency as a legitimate alternative asset class.