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- 13:44Infrastructure software provider Antithesis completes $105 million Series A funding round, led by Jane StreetChainCatcher reported that software infrastructure provider Antithesis has announced the completion of a $105 million Series A funding round, led by Jane Street, with participation from Amplify Venture Partners, Spark Capital, Tamarack Global, First In Ventures, Teamworthy Ventures, Hyperion Capital, as well as Patrick Collison, Dwarkesh Patel, and Sholto Douglas. Antithesis has consistently emphasized the credibility of cryptocurrencies, stating that the Ethereum network used its simulation to model extreme scenarios prior to the Merge and discovered vulnerabilities before the transition to proof-of-stake. Antithesis stated that it will use the funds raised to expand its engineering team, increase automation, scale up global market outreach, and drive distribution through channels including AWS Marketplace.
- 13:38ADP data shows a decrease of 32,000 jobs in November, US dollar weakensChainCatcher news, according to Golden Ten Data, the US ADP employment numbers for November decreased by 32,000, far below the expected increase of 10,000, further reinforcing the narrative of a weakening labor market. This is the third time this year that ADP data has recorded negative growth, with previous declines of -23,000 in June and -29,000 in September. The -32,000 in November marks the largest drop since March 2023. In response, the US dollar fell again, with the USD/JPY once hitting a new daily low.
- 13:38YZi Labs accuses BNB treasury company CEA Industries and asset manager 10X Capital of "mismanagement and threatening to abandon the BNB strategy"ChainCatcher News, according to an official announcement, BNB treasury company CEA Industries, Inc. (NASDAQ: BNC) major shareholder YZi Labs Management Ltd. has issued a formal notice and correction request to the company’s asset manager 10X Capital Asset Management LLC. YZi Labs accuses 10X Capital of mismanagement and lack of transparency, threatening to breach the strategic services agreement with YZi Labs. The core dispute lies in 10X Capital’s threat to abandon the BNB treasury strategy in favor of investing in other cryptocurrencies such as Solana, which contradicts the company’s previous commitment to PIPE investors that $500 million would be used to “establish the company’s BNB treasury operations.” YZi Labs requires 10X Capital to provide written confirmation by December 5 that it will adhere to the BNB treasury strategy and has not improperly disposed of BNB assets. It also points out that under 10X Capital’s management, BNC’s stock price has significantly underperformed its peers, dropping approximately 19% from pre-PIPE announcement levels and 87% from post-announcement levels. YZi Labs has submitted a preliminary consent solicitation to the U.S. Securities and Exchange Commission, seeking to expand the board of directors and appoint independent directors.
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