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Shares in Jack Dorsey’s Block Inc. dropped almost 12% in after-hours trading on Thursday after its third-quarter earnings missed analyst estimates.The crypto-friendly fintech firm posted an earnings per share of 54 cents for Q3, missing analyst estimates of 63 cents by 14%. Meanwhile, its Q3 revenues of $6.11 billion were up 2.3% year-on-year, but fell short of expectations of $6.33 billion.Shares in Block Inc. (XYZ) fell 11.53% in after-hours trading to $70.93 after ending the trading day down 3.7% at $62.75.Block’s share price fell after the bell, continuing its slide during Thursday’s trading session. Source: Google Finance It adds to…

Crypto Reporter Shalini Nagarajan Crypto Reporter Shalini Nagarajan About Author Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector. Share Last updated:  November 6, 2025 Jack Dorsey-led Block generated nearly $2b in Bitcoin revenue during the third quarter, accounting for almost one-third of its total $6.11b haul. The fintech reported net income of $461.5m for the period, according to its latest filing with the Securities and Exchange Commission.In a Thursday letter to shareholders, the firm said gross profit rose 18% year over year, led by a 24% jump in Cash…

Crypto Reporter Shalini Nagarajan Crypto Reporter Shalini Nagarajan About Author Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector. Share Last updated:  November 6, 2025 Good morning, Asia. Here’s what’s moving before the bell.Markets opened Friday to a risk-off tone across Asia, with crypto prices and major regional equity benchmarks slipping as investors grew more cautious about the global economic outlook.Bitcoin fell alongside broader digital assets, extending this week’s losses after data pointed to weakening demand and slowing treasury inflows from large holders. Total crypto market cap dropped about 2%…

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…

Victoria, Seychelles, November 4, 2025 – MEXC, a leading global cryptocurrency exchange, announced the successful conclusion of its USDf Unbound Campaign, which ran from October 3 to November 2, 2025. The month-long initiative attracted over 200,000 participants and recorded more than $50 million in daily trading volume for FF, driving a 136% increase in FF and USDf token holders.The campaign, launched in collaboration with Falcon Finance, offered users zero-fee trading across multiple pairs and high-yield staking opportunities with rewards of up to 200% APR. Trading activity remained robust throughout the campaign period, with FF/USDT spot pairs maintaining daily volumes between…

Los Angeles, USA, November 4th, 2025, ChainwireMevolaxy, a US-based mevstake platform, has released an intuitive mobile app to provide an easy solution for users who prefer managing their assets on the go. Additionally, the company announced that the latest investor payouts have set another record after the one set in June. These two developments highlight Mevolaxy’s commitment to providing maximum user convenience as part of its community-centric approach.Mevolaxy specializes in developing MEV bots and subsequently using them within the Mevstake system. Mevstake is the platform’s proprietary technology that locks in the user’s staking terms for the whole duration of their…