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Paul Erlanger and Se Yong Park, co-founders of consumer crypto trading app Fomo, took an unusual route to raising capital that is paying off for them. Their app launched in May and they just announced a $17 million Series A round led by Benchmark — an atypical crypto bet for the top-tier VC firm — bringing total funding to $19 million. Instead of a classic seed round, the founders drew up a list of 200 people they dreamed of having as angel investors.  “We knew that every single person would be valuable to us in the business,” Erlanger told TechCrunch. …

Zach Anderson Nov 07, 2025 10:26 Anthropic and Iceland’s Ministry of Education launch a national AI education pilot, utilizing AI technology to enhance teaching methods and student learning across the country. Iceland has embarked on a groundbreaking initiative in collaboration with AI safety company Anthropic, aiming to integrate artificial intelligence into its education system. This pioneering project, announced by Anthropic and Iceland’s Ministry of Education and Children, seeks to provide teachers across Iceland with access to advanced AI tools, marking one of the first national AI education pilots globally. AI in Education: A…

FIL$2.2829 delivered one of cryptocurrency’s most explosive moves over the 24-hour period, soaring from $1.33 to $2.27 in a rally that established the token as a clear sector leader, according to CoinDesk Research’s technical analysis model.The 70% advance occurred across a total range of $0.95, with FIL demonstrating sustained momentum through three distinct phases of accumulation, breakout, and consolidation above psychological levels, according to the model.The model showed that the most dramatic movement materialized at Nov. 7 00:00 UTC when exceptional volume of 72.8 million tokens, 247% above the 24-hour simple moving average, drove prices through critical resistance at $1.93.…

VICTORIA, Seychelles – November 7, 2025 – MEXC, a leading global cryptocurrency exchange, published its October operating report, reflecting a significant strengthening of its position in the initial listing market and high user engagement in new market narratives – from AI-based agent economies to meme coins and decentralized finance (DeFi) protocols.Rapid Response to New Sectors With 200 Promising ListingsIn October alone, MEXC added 200 new tokens, 56% of which were first wave listings on the platform. The top 10 assets by trading volume demonstrated an average cumulative gain of +1,625%, with an average growth of +392% in the first 24…

IREN (IREN) reported record fiscal first-quarter earnings as it expanded further into AI cloud computing and revenue from bitcoin BTC$102,012.68 mining surged.Net income in the period ended Sept. 30 rose to $384.6 million, reversing a year-earlier loss of $51.7 million, the company said on its website. Total revenue rose 355% to $240.3 million, with bitcoin mining accounting for $232.9 million, 50-times the year-earlier figure.The Sydney, Australia-based company is one of a broader trend of bitcoin miners repurposing their energy and data center assets to serve the booming AI compute market. Earlier this week, Mara Holdings (MARA), which is following a…

New York, United States, November 6th, 2025, ChainwireLeverUp Offers Traders a Flexible and Full-Scale DeFi PlatformLeverUp, a brand-new Liquidity Provider (LP)-free perpetual exchange, has officially launched, offering traders a next-generation DeFi platform built on the layer-1 blockchain Monad. Backed by Makers Fund, LeverUp delivers a decentralized trading experience with uncapped open interest, free liquidity provider perpetuals, and scalability, offering traders zero fees. This partnership will allow LeverUp to utilize its on-chain, transparent trading of perpetuals to the fullest in Monad’s fast and scalable layer-1 blockchain. Users can anticipate more integrations and product updates to be revealed soon.The current market landscape…

Kuala Lumpur, Malaysia, November 6th, 2025, ChainwireSonami ($SNMI) today announced the continuation of its presale and the expansion of its ecosystem through the launch of the first Solana Layer 2 token. The project has been developed to address network congestion and reliability challenges often experienced by Solana users during high transaction periods.Sonami Introduces Layer 2 Efficiency for Solana-Based TransactionsSonami ($SNMI) is a project developed to tackle performance challenges on the Solana network, such as congestion and maintaining reliability during periods of high activity.It is the first token launched on Solana Layer 2, allowing Sonami to offload transactions and enhance network…

HONG KONG, Nov. 6, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) 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…

Greenwich, CT, November 5th, 2025, ChainwireLeverage Shares by Themes is thrilled to announce the launch of GEMG, a first-to-market single-stock leveraged ETF with exposure to GEMI, available for trading November 5, 2025.The firm continues to expand its leveraged single-stock ETF lineup across the digital asset ecosystem; the debut of GEMG is hot on the heels of the firm’s recent launches of the Leverage Shares 2X Long BMNR Daily ETF (BMNG) and Leverage Shares 2X Long BLSH Daily ETF (BLSG), which became available for trading on October 27, 2025.These ETFs are designed to equip investors to amplify returns (up and down)…

Paris, France, November 5th, 2025, ChainwireZama, the cryptography company behind the Zama Confidential Blockchain Protocol, today announced that it has acquired KKRT Labs, a pioneering research and development firm focused on scaling blockchains using Zero-Knowledge Proofs. This strategic acquisition strengthens Zama’s technical depth in blockchain scalability and validity (ZK) rollups, while accelerating its ability to deliver high-performance confidentiality to all public blockchains.Unlocking the Next Phase of Scalable Onchain ConfidentialityKKRT Labs (also known as “Kakarot”) brings deep expertise in designing high-performance proving architectures and modular rollup systems for Ethereum-equivalent environments. Backed by investors such as Vitalik Buterin, Starkware, Lambda Class, and…