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Updated: November 11, 2026, 09:30 (UTC+8) | Author: MEXC Headlines Marble raises $11 million in seed funding MegaETH Foundation rebrands as MEGA and plans to invest $30 million Circle mints anotherUpdated: November 11, 2026, 09:30 (UTC+8) | Author: MEXC Headlines Marble raises $11 million in seed funding MegaETH Foundation rebrands as MEGA and plans to invest $30 million Circle mints another
Learn/Daily & Weekly Reports/On-Chain Daily/MEXC On-Chain Daily Report: Polymarket Annualized Revenue Tops $1.8 Billion — Is the Prediction Market Entering an Institutional Expansion Phase?

MEXC On-Chain Daily Report: Polymarket Annualized Revenue Tops $1.8 Billion — Is the Prediction Market Entering an Institutional Expansion Phase?

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Nov 11, 2026MEXC
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Updated: November 11, 2026, 09:30 (UTC+8) | Author: MEXC

Headlines

  • Marble raises $11 million in seed funding
  • MegaETH Foundation rebrands as MEGA and plans to invest $30 million
  • Circle mints another 250 million USDC on Solana
  • Bitcoin is down 16.5% year to date, raising the risk of a second consecutive annual decline
  • Alta raises $47.5 million in Series A funding

Industry Updates

Fidelity’s FCAT Becomes Required Validator for Ondo Tokenized Stock Cross-Chain Transfers

According to the Ondo Finance official blog, FCAT has become a required validator for Ondo Bridge. Fidelity Center for Applied Technology, a subsidiary of Fidelity Investments, is now required to validate Ondo Stocks cross-chain transfers. Its decentralized validation network will work alongside other validators to verify each transaction. The system currently covers 35 Ondo Stocks transferred to HyperEVM and more than 450 tokenized stocks across other supported networks. The participation of a traditional financial institution in cross-chain validation shows tokenized stock infrastructure moving further toward institutional-grade security standards.

Square Completes Planned U.S. Merchant Bitcoin Payment Expansion With Lightning Network Support

According to Odaily Planet Daily, Square has proceeded with its planned Bitcoin payment rollout for U.S. merchants, allowing eligible sellers to accept consumer payments through the Lightning Network. Merchants receive U.S. dollars by default but can choose to retain Bitcoin instead. Square’s broader merchant network covers more than 4 million sellers, although actual access remains subject to location and eligibility requirements. Square’s official support page states that eligible U.S. sellers can enable Bitcoin payments with a 0% processing fee through December 31, 2026, after which a 1% fee is planned, lowering the initial cost of merchant adoption.

Jupiter Launches Four Products to Expand Beyond Trading Into Broader On-Chain Asset Services

According to Decrypt, Jupiter has introduced four new products as it expands beyond traditional spot trading and aggregation into a broader range of on-chain asset services. The move reflects how core Solana trading infrastructure is evolving from a single execution gateway toward a broader platform covering asset management, application services and additional user scenarios. As competition increasingly shifts from routing efficiency and pricing toward complete user experiences, Jupiter’s ability to convert existing trading traffic into longer-term product usage will be an important metric to watch.

Glamsterdam Upgrade Decision Delayed as Ethlabs Recommends Waiting for External Audit Results

According to the Ethereum Foundation, the review of Glamsterdam EIP-8037 and EIP-8038 is ongoing. EIP-8037 and EIP-8038 could alter gas assumptions relied upon by some deployed smart contracts, and several projects have already reported potential compatibility issues. The Foundation has recommended avoiding a premature decision on future Hoodi testnet forks until audits by ChainSecurity and Dedaub are published and assessed by the community. Discussions and audit findings are expected to concentrate around mid-November, with the upgrade timeline depending on the actual scope of affected contracts and whether the specifications require further adjustments.

Visa Adds Monad to Stablecoin Settlement Network

According to Odaily Planet Daily, Visa has added Monad to its stablecoin settlement program, allowing participating issuers and acquirers to settle through an additional blockchain network. Visa’s stablecoin infrastructure now supports multiple chains including Ethereum, Solana, Stellar, Avalanche, Base, Canton and Polygon. Visa previously disclosed that its stablecoin settlement annualized volume had reached approximately $20 billion and continues to expand its multichain coverage. Visa’s expansion of its stablecoin settlement network highlights how multichain connectivity is becoming a core component of traditional payment networks linking into on-chain liquidity.

Helius Launches Permissionless Solana Privacy Rings Protocol on Mainnet

According to Helius, Solana Privacy Rings is now live on mainnet. The permissionless privacy protocol can provide encrypted asset balances and transaction amounts for payments, DeFi and institutional use cases. It supports SOL, SPL tokens and Token-2022 assets. Wallet addresses remain visible, while balances can be decrypted by users through viewing keys, and zero-knowledge proof verification takes only a few hundred milliseconds. Helius said future Custom Rings are expected to introduce compliance rules and audit visibility designed for institutional use.

Zcash Developers Propose Cutting Target Block Interval to 20 Seconds

According to Bitcoin.com News, Zcash developers have proposed reducing the target block interval from 25 seconds to 20 seconds in a draft for Network Upgrade 7.1, aiming to lower transaction confirmation latency while keeping the daily issuance schedule and the 21 million ZEC supply cap unchanged. The draft also proposes reducing some shielded transaction action limits from 330 to 264 per block, while retaining the 2 MB block size limit. The proposal remains under community discussion and would still require further review and governance approval before implementation.

Polymarket Annualized Revenue Tops $1.8 Billion as U.S. October Trading Volume Exceeds $14.5 Billion

According to CNBC, Polymarket said its annualized revenue has exceeded $1.8 billion, up from more than $1 billion disclosed in June. Nominal trading volume on its U.S. exchange exceeded $14.5 billion in October, more than tripling from approximately $4 billion in June. FIFA World Cup markets, the NFL season and Combo event contracts were major drivers of activity, with Combo contracts accounting for more than 70% of trading volume on some peak days. The rapid growth shows prediction markets expanding beyond single political events into sports, combined products and broader event-risk pricing, although U.S. regulatory scrutiny remains an important short-term constraint.

ZKsync Launches Prividium Connect for Private Atomic Transactions Across Blockchains

According to ZKsync, Prividium Connect is designed to allow financial institutions to conduct private atomic transactions across existing blockchain networks without relying on trusted intermediaries or conventional third-party bridges. The system uses zero-knowledge proofs to verify that transactions comply with contract rules while protecting sensitive information such as account balances, asset positions and client identities. If either party fails to complete delivery within the required time, both sides can recover their original assets. Prividium Connect currently supports Hyperledger Besu and Prividium Ledger, with additional networks expected to be added according to institutional demand.

MEXC Market Heatmap

Data note: Sourced from MEXC real-time market data before 09:30 (UTC+8). Figures may be updated later as market conditions change.
Top 24H Gainers: DUST/USDT (+532.84%), LALA/USDT (+60.00%), MTO/USDT (+13.54%)
Top 24H Trading Volume: BTC/USDT (362.722M), ETH/USDT (335.284M), SOL/USDT (59.558M)
Trending Meme Tokens: FOREVER/USDT, GM/USDT, STAMP/USDT
New Listing Announcement: MTX/USDT, listing time: 2026-11-11 19:00:00 (UTC+8)

On-Chain Calendar

High-Risk Token Unlocks

  • Solayer/USDT [11-11 12:13] unlocks 1.35m USDT, representing 12.87% of circulating supply, short-term sell pressure: High
  • Pump/USDT [11-11 20:48] unlocks 24.09m USDT, representing 1.49% of circulating supply, short-term sell pressure: Medium
  • peaq/USDT [11-12 19:40] unlocks 1.58m USDT, representing 2.17% of circulating supply, short-term sell pressure: Medium

Key Macro Events

  • Nov 11, 00:00 — United States | Cleveland Fed | CPI MoM [Inflation changes may affect Treasury yields and U.S. dollar risk-asset pricing]
  • Nov 11, 07:00 — South Korea | Statistics Authority | Unemployment Rate [Employment changes may affect Korean rate expectations and regional capital allocation]
  • Nov 11, 07:50 — Japan | Bank of Japan | Broad Money and M2 Money Supply [Money supply changes may affect yen liquidity and rate expectations]
  • Nov 11, 15:00 — Germany | Statistics Authority | Final CPI [Inflation changes may affect the ECB rate path and euro asset pricing]
  • Nov 11, 19:30 — India | Financial Authority | M3 Money Supply YoY [Monetary expansion may affect domestic liquidity and emerging-market capital allocation]

Security Alert

Recent crypto scams continue to use claims such as “high-yield investment opportunities,” “insider trading access” or “help recovering lost funds” to target users. The FBI warns that scammers often build trust through social media, text messages, WhatsApp, Telegram groups and fake investment platforms before persuading users to repeatedly transfer BTC, ETH, USDT or USDC. The profits and account balances shown on these platforms may be entirely controlled by the scammers, and when users attempt to withdraw funds, they may be asked to pay additional “taxes,” “service fees” or “account unlocking” charges. Users should not make crypto investments based solely on recommendations from people known only online and should not pay third parties claiming they can recover lost assets. If fraud is suspected, users should stop sending funds immediately and preserve wallet addresses, transaction hashes and communication records.

The MEXC On-Chain Daily Report is updated daily, providing crypto professionals with timely, professional, and in-depth market insights. Feel free to share and subscribe.
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Risk Disclaimer: This article is for reference only and does not constitute investment advice. The cryptocurrency market is highly volatile. Please make decisions cautiously based on your individual circumstances.


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