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Morning edition · November 10, 2026

Warren Readies Senate Probes for Trump Crypto Ventures

Incoming Senate Banking Committee leadership signals a return to investigative hearings targeting family-linked crypto ventures and prediction markets.

  1. 1

    Warren Prepares Senate Probes Into Trump Crypto Ventures

    Sen. Elizabeth Warren will investigate Trump-affiliated crypto firms and prediction markets after she assumes the Senate Banking Committee chairmanship in January [8]. Federal appellate judges on Nov. 3 declined to halt New York and Connecticut actions against

  2. 2

    Market Shakeout Wipes $1.2B in Derivatives Longs

    Crypto platforms liquidated $1.2 billion in derivative positions over 24 hours, with long closures making up $1.04 billion of the total [6]. $BTC trades near $74,685 ahead of the October inflation report [6].

  3. 3

    Trump Media Posts $409.7M Net Income on Digital Asset Gains

    Trump Media reported a $378.1 million digital asset markup that pushed Q3 net income to $409.7 million, obscuring a $23.6 million operating loss [5]. The firm holds 15,649 Bitcoin, primarily pledged to covered options and note collateral [5].

  4. 4

    Strategy Buys 1,036 Bitcoin and Repurchases Preferred Stock

    The firm sold 2.05 million MSTR shares for $283.8 million to finance an $81.9 million $BTC purchase and a $188.3 million preferred stock buyback [4]. Strategy acquired the tokens at an average price of $79,012 [4].

  5. 5

    NYSE Affiliate Selects Avalanche for Tokenized Securities Venue

    An upcoming digital alternative trading system affiliated with the New York Stock Exchange will use the $AVAX blockchain as its core ledger [7]. The planned venue aims to offer 24/7 continuous trading and atomic settlement for tokenized equities [7].

  6. 6

    Institutional Custodians Warn of Disruptions Over Solana Update

    A technical proposal aims to remove durable nonces from $SOL, which institutional custodian Fireblocks warned could break existing safeguards in major decentralized finance protocols [3].

Numbers

$BTC trades at $74,136 with total market capitalization at $2.45 trillion, as ETH gas fees register at 0 gwei and market sentiment sits at a fearful 32.

Watch

Bureau of Labor Statistics' release of October CPI inflation figures on Nov. 10 · Sen. Elizabeth Warren's formal assumption of the Senate Banking Committee chair in January · Shareholder vote on the Trump Media and TAE Technologies merger scheduled for Dec. 14

Income angle

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Full text

Incoming Senate Banking Committee leadership signals a return to investigative hearings targeting family-linked crypto ventures and prediction markets.

  1. Warren Prepares Senate Probes Into Trump Crypto Ventures Sen. Elizabeth Warren will investigate Trump-affiliated crypto firms and prediction markets after she assumes the Senate Banking Committee chairmanship in January [8]. Federal appellate judges on Nov. 3 declined to halt New York and Connecticut actions against Kalshi and Coinbase [8].

  2. Market Shakeout Wipes $1.2B in Derivatives Longs Crypto platforms liquidated $1.2 billion in derivative positions over 24 hours, with long closures making up $1.04 billion of the total [6]. $BTC trades near $74,685 ahead of the October inflation report [6].

  3. Trump Media Posts $409.7M Net Income on Digital Asset Gains Trump Media reported a $378.1 million digital asset markup that pushed Q3 net income to $409.7 million, obscuring a $23.6 million operating loss [5]. The firm holds 15,649 Bitcoin, primarily pledged to covered options and note collateral [5].

  4. Strategy Buys 1,036 Bitcoin and Repurchases Preferred Stock The firm sold 2.05 million MSTR shares for $283.8 million to finance an $81.9 million $BTC purchase and a $188.3 million preferred stock buyback [4]. Strategy acquired the tokens at an average price of $79,012 [4].

  5. NYSE Affiliate Selects Avalanche for Tokenized Securities Venue An upcoming digital alternative trading system affiliated with the New York Stock Exchange will use the $AVAX blockchain as its core ledger [7]. The planned venue aims to offer 24/7 continuous trading and atomic settlement for tokenized equities [7].

  6. Institutional Custodians Warn of Disruptions Over Solana Update A technical proposal aims to remove durable nonces from $SOL, which institutional custodian Fireblocks warned could break existing safeguards in major decentralized finance protocols [3].

Numbers: $BTC trades at $74,136 with total market capitalization at $2.45 trillion, as ETH gas fees register at 0 gwei and market sentiment sits at a fearful 32.

Watch:

  • Bureau of Labor Statistics' release of October CPI inflation figures on Nov. 10 [6].
  • Sen. Elizabeth Warren's formal assumption of the Senate Banking Committee chair in January [8].
  • Shareholder vote on the Trump Media and TAE Technologies merger scheduled for Dec. 14 [5].

Basis Desk Newsroom · AI-generated, source-verified. Built only from stories already verified and published on Basis Desk; market figures as of publication. Not financial advice.