Yield Basis Raises $195 Million in Legion's First Pre-Sale

- Bitcoin surged to $93,000 on Nov 25, 2025, driven by 85% odds of a Fed 25-basis-point rate cut in December. - XRP rose 11% and Ethereum hit $2,900 as improved liquidity and macro sentiment fueled crypto optimism ahead of the Fed's Dec 10 meeting. - Institutional demand grew with Texas and Harvard investing in Bitcoin ETFs, while Abu Dhabi tripled its ETF holdings to $517.6 million. - Risks persist: ETF outflows, leveraged fund liquidations, and regulatory uncertainties offset gains, with derivatives posi

- MegaETH canceled its $1B fundraising after technical failures caused unintended deposits and operational chaos during the pre-deposit phase. - KYC system errors and premature execution of a multisig transaction led to $500M in deposits, forcing the team to freeze the raise and abandon expansion plans. - Critics highlighted preventable engineering flaws, with 259 duplicate addresses raising concerns about bot activity and unfair allocation practices. - Despite backing from Vitalik Buterin and Joe Lubin, t

- Canton Network's tokenomics strategy prioritizes institutional adoption by avoiding ICOs and focusing on privacy and interoperability. - Its "need-to-know" privacy model enables regulated access to transaction data, aligning with KYC/AML frameworks while maintaining confidentiality. - Institutional backing, including $135M funding and Goldman Sachs integration, highlights Canton's appeal for enterprise blockchain solutions. - Canton's RWA TVL ($96 per $1 cap) outperforms Ethereum ($0.03), emphasizing its

- Institutional investors are accelerating crypto adoption via Avalanche-based ETFs, with Bitwise’s 0.34% fee BAVA ETF offering staking yields and cost advantages over competitors. - Avail’s Nexus Mainnet bridges Ethereum and Solana ecosystems, streamlining cross-chain liquidity and reducing fragmentation through a unified network. - Retail hype drives Apeing’s presale as a potential 100x opportunity, leveraging meme coin dynamics and FOMO to attract speculative traders. - SEC’s evolving regulations and in