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Daily Market Wrap | Nov. 28

Hot Topics

MegaETH reverses its $500M pre-deposit campaign and plans to fully refund users after a series of missteps including failed transactions, KYC system breakdowns, and smart contract errors.

Bitwise updates its spot Avalanche ETF filing to include staking rewards, becoming the first issuer to offer built-in yields.

Balancer DAO initiates discussions on an $8M recovery plan to distribute recovered assets to affected liquidity providers after a $110M exploit slashed TVL by two-thirds.

Market Updates

BitMine Immersion Technologies acquires 14,618 ETH, as Chair Tom Lee predicts ETH reaching $7K-$9K by end-January 2026.

Kalshi doubles its valuation to $11B in weeks, solidifying a prediction market duopoly bet with Polymarket eyeing $12-15B funding.

Ethereum raises block gas limit to 60M from 45M boosting capacity ahead of Fusaka upgrade.

AVAX-2.69%
BAL-2.48%
ETH-2.7%
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