Unchained

Aztec's Tierra V6 upgrade for privacy layer 2 on Ethereum; AI audit harness identified critical vulnerabilities in cryptographic libraries.

Arca investment chief Jeff Dorman critiques Vitalik Buterin's ETH store-of-value thesis as unsupported by fundamentals.

Payward (Kraken parent) reports Q3 platform margin of $487M (up 12% QoQ, down 12% YoY) replacing Adjusted Revenue as primary metric; excludes staking rewards.

Nakamoto bitcoin treasury extended Kraken USDT loan by one year; 60 million USDT principal now due after 2026.

Twenty One Capital's $1.09B Q3 profit attributed entirely to fair-value gains on 43,514 BTC holdings, not operating business.

Binance's USDT reserve balance exceeds customer holdings by $1.06B, but proof-of-reserves attestation remains pending.

Donald Trump Jr. exits Kalshi role; retains Polymarket position after Democratic election win; split attributed to his venture firm's Polymarket investment.