A whale holding a 20x short position in BTC currently has a floating profit exceeding $15 million.
According to Onchain Lens monitoring, as BTC fell below the $100,000 mark, a whale holding a 20x short position in BTC currently has a floating profit exceeding $15 million. This whale has accumulated profits of over $41.7 million through multiple BTC short trades.
Drop Protocol, the liquidity staking protocol within the Cosmos ecosystem, announced that due to the current ecosystem direction and market conditions, its sustainable development path is no longer feasible, and it will be shut down in an orderly manner after evaluation. The shutdown process will be responsible and transparent, taking into account the interests of all parties. Some Drop assets are still actively used in the DeFi field, and efforts will be made to ensure service continuity in high-adoption areas. Meanwhile, Drop will no longer pursue token generation events (TGE) and airdrops related to the Droplets program, and is exploring distributing protocol revenue to participants in these programs as a form of reward; specific distribution methods and application details will be announced separately. Currently, Drop is in a smooth transition phase, with all dAssets included. dTIA and deINIT will gradually cease service, withdrawals will be reopened with a timeline announced in advance, and dATOM and dNTRN will continue to receive support. Previously, in October of last year, Drop Protocol completed a $4 million seed round of financing, led by CoinFund.
Warning: Aftermath's X account has been compromised. Do not interact with it.
Sui officially issued a notice on the X platform stating that the X account of Aftermath, the Sui ecosystem liquidity staking protocol, has been stolen. Please do not perform any operations on this account until it is officially restored.
DerivaDEX, managed by the DAO, has obtained a license from the Bermuda Monetary Authority.
According to The Block, DEX Labs CEO Aditya Palepu revealed that DerivaDEX, managed by a DAO, has received a license from the Bermuda Monetary Authority (DMA), marking the first DAO-related license issued by the DMA. DerivaDEX is reportedly a decentralized derivatives trading platform focused on institutional users and is expected to launch before the end of the year. The protocol was designed by veterans from DRW and Consensys and is backed by venture capital firms such as Dragonfly, CMS Holdings, Electric Capital, and Polychain.
According to Bloomberg, the Financial Accounting Standards Board (FASB) will meet on November 19 to discuss whether to develop guidelines on how companies should report cryptocurrency transfers in their financial statements. The board plans to focus on adding a project related to the accounting treatment of crypto asset transfers to its technology agenda. At the meeting, the board will discuss several possible implementation paths, including expanding the scope of its 2023 guidelines, clarifying guidance on the derecognition of crypto asset transfers, or taking both measures simultaneously. It is worth noting that this meeting comes just weeks after the FASB added a new technology project on the classification of stablecoins.
According to on-chain analyst Yu Jin, Ma Ji (Huang Licheng) withdrew 3.437 million USDC from Binance between yesterday afternoon and early this morning to go long on ETH on Hyperliquid. ETH subsequently plummeted from $3,550 yesterday afternoon to $3,150. Therefore, his initial investment of $3.437 million has now dwindled to only $1.9 million. His total losses have reached $17.5 million.
MoonPay will issue and manage stablecoins on behalf of its clients.
According to Bloomberg, cryptocurrency payments company MoonPay Inc. will begin issuing and managing stablecoins on behalf of its clients. Zach Kwartler, MoonPay's newly appointed head of stablecoin business, stated in an interview that the New York-based company will leverage its existing money transmission license to offer the service across U.S. states. Kwartler said that issuing its own stablecoins will help MoonPay's clients better manage their payment operations. In a statement released Thursday, MoonPay said the issuance service will target enterprise clients in the U.S., Asia, and Latin America, and will cover multiple blockchains.
Stable, a stablecoin public chain, stated on the X platform: "In the Stable network, USDT serves as the native gas token to ensure that transaction fees remain predictable under any network conditions, thereby eliminating volatility in the payment process. This design choice lays the foundation for reliable settlement and everyday payments. The mainnet is about to launch."
Musk posted on the X platform that X has launched new communication features, including encrypted messaging, audio and video calls, and file transfer, and X Money will be launched soon.
Musk denied reports that xAI had raised $15 billion.
According to the New York Post, Elon Musk has refuted a CNBC report that his company xAI has raised $15 billion, calling the report "untrue." CNBC previously cited anonymous sources as saying that xAI had raised an additional $5 billion on top of a $10 billion funding round reported two months prior.
According to official news, the Bitcoin staking protocol Babylon has completed a major mainnet upgrade, making two key adjustments to the BABY token economic model and launching a convenient BTC staking extension feature. Among these changes, the annual inflation rate for BABY has been reduced from 8% to 5.5%, and the annual minting volume has decreased by 250 million tokens, improving the sustainability of the token economic model. A joint staking mechanism has also been introduced, allowing users who stake both BTC and BABY to receive higher rewards, strengthening their alignment with the ecosystem's interests. Furthermore, the BTC staking extension feature allows users to extend their lock-up period without unstaking, ensuring a seamless transition of staking rewards and preventing interruptions.
Market news: BlackRock's BUIDL accepted by Binance as trading collateral
According to market sources, BlackRock's tokenized money market fund BUIDL has been accepted by Binance as collateral for trading.
According to Cryptopolitan, VanEck, a well-known ETF issuer, has filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) for its Solana cash ETF. This filing typically indicates an upcoming product launch. The form is usually filed shortly before a new asset is launched. This filing follows the S-1 form filed at the end of October.
According to Cryptobriefing, Luxembourg's Finance Minister Gilles Roth stated on Thursday that although the country's intergenerational sovereign wealth fund (FSIL) has the right to invest in other crypto assets, it has decided to allocate 1% of its portfolio specifically to Bitcoin. Speaking at the 2025 Amsterdam Bitcoin Conference, he said the fund's decision to invest solely in Bitcoin reflects its long-term commitment. Last month, the Luxembourg Ministry of Finance announced that the FSIL is the first European sovereign wealth fund to invest in Bitcoin, allocating 1% to crypto assets such as Bitcoin through an ETF. Roth emphasized that cryptocurrencies, especially Bitcoin, are part of Europe's competitive strategy, and digital assets have become central to global policy discussions. He believes Bitcoin can enhance European competitiveness and is a "never-ending" system, with more and more European political leaders beginning to study it. He also pointed out that crypto assets are not hype, but rather a bridge between code and capital; while the economy will not shift to the Bitcoin standard, it will become part of the future of finance.
Canary's pledged SEI ETF has been listed on the DTCC website under the ticker symbol SEIZ.
According to market sources, Canary's pledged SEI ETF has appeared on the website of the American Depository Trust and Clearing Corporation (DTCC) under the ticker symbol SEIZ.
According to The Block, Eric Balchunas, senior ETF analyst at Bloomberg, stated that Canary Capital's XRP ETF (ticker symbol XRPC) opened for trading on Thursday morning with a first-day trading volume of $58 million, setting a new record for the highest first-day trading volume for an ETF this year among nearly 900 newly listed ETFs. Balchunas earlier stated on the X platform that XRPC had a trading volume of $26 million in its first hour. Previously, this record was held by Bitwise's Solana ETF (ticker symbol BSOL), which had a first-day trading volume of approximately $57 million, with a surge to $72 million on its second day. Balchunas commented on the launch of XRPC and BSOL this year, saying they are in a class of their own because the third-ranked fund's trading volume is more than $20 million behind them.
According to Bloomberg, the head of the Federal Deposit Insurance Corporation (FDIC) stated that the agency is developing guidelines for tokenized deposit insurance to help financial institutions expand their digital asset business. Acting Chairman Travis Hill stated that the shift of deposits from the traditional financial world to the blockchain or distributed ledger world should not change their legal nature. Hill made these remarks amidst a debate about how fintech companies not directly insured by the FDIC should fully compensate consumers if their funds are lost. Many fintech companies partner with FDIC-insured banks to offer products covered by "look-through deposit insurance," but this protection can be challenged if the third party goes bankrupt, failing to effectively safeguard consumer rights. The U.S. government's deposit insurance fund is a cornerstone of the financial system, designed to protect depositors in the event of bank failure.
Federal Reserve's Hamak: Monetary policy needs to remain tight to curb inflation.
According to Jinshi News, Federal Reserve official Hammark stated that while the dollar is not a core topic of discussion among central banks, its weakening this year does not seem alarming. Hammark said, "I think there has been a lot of discussion this year about the dollar and its weakening. But it's important to remember that we started with a very strong dollar, so this year's weakness largely just brings the dollar closer to its theoretical fair value, making it more reasonable compared to other currencies." Hammark also stated that interest rate policy should remain restrictive to exert downward pressure on the still-concerning inflation level. She noted, "Given the challenges facing the Fed's dual mandate on inflation and employment, this is a difficult time for monetary policy." "But overall, I think we need to maintain a certain level of tightening to continue putting downward pressure on inflation and bring it back to our target level."
Coinbase will suspend trading of ai16z perpetual contracts.
According to a Coinbase Markets announcement, Coinbase announced that trading in the AI16Z perpetual contract will be suspended around 19:30 Beijing time on November 15th. Trading of AI16Z-PERP on Coinbase Advanced and Coinbase International will be suspended. The final settlement price will be calculated based on the average index price over the 60 minutes prior to the suspension. Funding rates will be set to zero during the final funding period before final settlement. All open positions will be automatically settled upon suspension. Coinbase reserves the right to suspend trading at any time and has the right to adjust the final settlement price to a reasonable level.
ETH fell below $3,200, down 5.52% on the day.
According to OKX market data, ETH has just fallen below $3,200 and is currently trading at $3,199.99 per coin, down 5.52% on the day.
US stock market data shows that Bitdeer (BTDR), the Bitcoin mining company under Wu Jihan, opened down about 20% today, currently trading at $11.13 per share. The stock has fallen by about 50% this week. In terms of news, the company announced plans to privately issue $400 million in convertible bonds maturing in 2031, while simultaneously conducting a buyback of existing bonds. In addition, a fire recently broke out at its new mining farm in Ohio, causing two buildings to collapse. Although no one was injured, it has raised market concerns. Previously released Q3 financial results also showed larger-than-expected losses, and delays in ASIC chip deliveries have exacerbated the selling pressure in the market.
According to Fortune, Public announced it will acquire Alto's crypto business for $65 million in cash and stock, bringing its total assets under management (AUM) to approximately $600 million. AltoCrypto supports multiple crypto assets; in contrast, Fidelity's crypto retirement accounts only support Bitcoin. Public co-founder Leif Abraham stated that IRAs can adjust positions without immediate tax implications. The transaction is expected to be fully integrated in 2026, with Alto retaining its other businesses and continuing as a service provider. Public targets "upmarket" investors, with a median client age of approximately 38.
The dYdX community voted to immediately increase the token buyback ratio to 75%.
The dYdX community voted to immediately increase the $DYDX token buyback ratio from 25% to 75% of protocol fees.
According to Token Terminal data, Uniswap recorded its highest monthly trading volume ever in October 2025, at approximately $116.6 billion, setting a new record since the platform's launch.
Zero-knowledge identity protocol Self raises $9 million in seed funding and launches points program.
According to CoinDesk, Self, a zero-knowledge identity and "proof-of-humanity" protocol, announced the completion of a $9 million seed funding round. Investors include Greenfield Capital, SoftBank's Startup Capital Ventures x SBI Fund, Spearhead VC, Verda Ventures, Fireweed Ventures, and several angel investors. Self provides privacy-focused identity verification using zero-knowledge proofs and verifiable credentials. It is integrated with Google, Aave, and Velodrome, supporting biometric passports, country IDs, and Indian Aadhaar verification, and is used for anti-Covenant airdrops and OFAC-compliant token distribution. The company also launched a points program to reward users who complete identity verification and interact on partner platforms.
According to The Block, Circle announced the launch of its StableFX on-chain forex engine and multi-currency stablecoin partnership program on its Arc blockchain. This service allows compliant institutions to conduct multi-currency transactions and atomic settlements using stablecoins 24/7, simplifying counterparty and clearing processes in the traditional forex market. Initial partners include regional stablecoin issuers from Brazil, Australia, Japan, South Korea, and other regions. The Arc mainnet is expected to launch in 2026.
According to The Block, Monad announced that it will launch its Layer 1 blockchain and native token MON on November 24th at 9:00 AM ET, with Anchorage Digital as its preferred custodian. Institutional users can securely hold and stake MON through Anchorage's custody platform or the self-custodied wallet Porto. MON will be the first project launched on Coinbase's new public offering platform, with an initial circulating supply locked at 50.6%.
Grayscale Investments has filed for an IPO with regulators.
Grayscale Investments Inc., a US-based digital currency asset management company, has filed for an initial public offering (IPO) with regulators. SEC filings show that Grayscale Investments submitted an S-1 application to the SEC, proposing to issue Class A common stock using an "Up-C" structure: the listed parent company holds LLC units of Grayscale Operating, LLC, while pre-IPO members hold Class B shares (voting only, no economic rights), which can be exchanged one-to-one for Class A shares. The company's revenue in 2024 was approximately $506 million, with total assets under management (AUM) of approximately $35 billion, and revenue heavily reliant on GBTC and ETHE (the largest contributors). The filings emphasize risks such as digital asset price volatility, net outflows due to redemptions, fee competition, custody, and regulatory uncertainty; it also outlines a tax receivable agreement with pre-IPO members for 85% tax sharing and a "make-whole" clause.
Robinhood launches Basechain derivatives protocol token AVNT
According to Robinhood's official website, the platform now supports Avantis (AVNT) trading. AVNT is a decentralized derivatives protocol token on the Base blockchain, and Avantis supports trading in synthetic perpetual contracts for cryptocurrencies, forex, metals, and commodities.
Bank of New York Mellon launches money market fund designed specifically for stablecoin issuers.
According to US media reports, Bank of New York Mellon is launching a money market fund specifically tailored for stablecoin issuers who need to comply with the recently signed US stablecoin laws. The bank's BSRXX is one of the first funds specifically designed for stablecoin providers, aiming to provide them with an investment venue where they can deposit funds received when issuing new tokens, while complying with the GENIUS Act, which Trump signed into law earlier this year. This law requires dollar-backed digital token issuers to invest their reserves in ultra-safe investments with shorter durations than traditional money market funds. Stephanie Pierce, vice president of investment at Bank of New York Mellon, stated that the new fund is designed to meet the law's requirements by holding only securities with maturities of 93 days or less.
France fully lifts travel ban on Telegram CEO
According to Bloomberg, French investigators lifted all travel restrictions and reporting obligations for Telegram CEO Pavel Durov on November 10. Durov was detained at Paris airport in August 2024 on suspicion of condoning criminal activity on the Telegram platform and was set on $5.8 million bail, despite consistently denying the charges.
In a supplementary Q&A, the Czech National Bank (CNB) stated that the purpose of creating the digital asset pilot portfolio was to accumulate practical experience in holding digital assets and to implement and test necessary processes. This is part of regular financial activities conducted outside of international reserves, and the international reserves remain unchanged. CNB's purchase of digital assets such as Bitcoin as testing tools is fully compliant with the authorization framework of the Czech National Bank Law, particularly Article 32's "Other Assets" clause and its broad interpretation in financial markets. This move is legal, compliant, and has a clear policy objective.
Czech central bank becomes the first central bank to purchase Bitcoin.
The Czech National Bank (CNB) announced the creation of a $1 million digital asset pilot portfolio, encompassing Bitcoin, US dollar stablecoins, and tokenized deposits. The total investment will not be actively increased. The project aims to test the central bank's processes for purchasing, holding, and managing blockchain assets over a period of two to three years. The central bank emphasized that there are no plans in the near future to include Bitcoin or other digital assets in its international reserves. CNB Governor Aleš Michl stated that this move aims to explore Bitcoin's potential role in reserve diversification. The Czech National Bank also launched an innovation center project called "CNB Lab," designed to oversee testing of technologies and trends that could influence the future operation of financial markets and the implementation of monetary policy. In addition to testing digital assets and blockchain solutions, CNB Lab will also trial artificial intelligence tools to support innovation in the payment sector (including instant payments) and undertake other projects related to the digitalization of the financial industry.
According to the Wall Street Journal, artificial intelligence startup Cursor (which helps engineers write code) has raised $2.3 billion in a new funding round, valuing the company at $29.3 billion. Cursor can analyze a programmer's actions and suggest the next few lines of code. It also offers a chatbot where users can ask questions related to code. This valuation is staggering for a startup valued at less than $10 billion just months ago, highlighting the continued and strong investor interest in all things AI-related. Advances in generative AI have driven up the valuations of an entire generation of coding companies utilizing the technology, such as Replit, Sweden's Lovable, and Cognition. But the challenge they face, like many AI products, is cost. AI coding companies must pay to build or access AI models to power their applications. Some venture capitalists expect these costs to decrease and customers to be willing to pay a premium for AI applications that deliver more value.
Bitcoin mining company Bitfarms achieved $69 million in recurring revenue in Q3 2025 and successfully completed a $588 million convertible bond issuance. The company is accelerating its transformation from Bitcoin mining to a North American AI/HPC infrastructure provider, planning to upgrade sites in Washington, Panther Creek, Pennsylvania, and Sharon to data centers supporting Nvidia's next-generation Vera Rubin GPUs, with deliveries expected to begin in 2026. Furthermore, the company's total liquidity reached $814 million in Q3, with 1,827 BTC held.
OpenAI: GPT-5.1 has begun rolling out to all ChatGPT users this week.
According to an OpenAI announcement, GPT-5.1 has begun rolling out to all ChatGPT users this week. This version offers significant improvements in following custom instructions, inference accuracy, and natural conversational flow. GPT-5.1 supports adaptive inference, intelligently extending the thinking time for complex questions and providing clearer, less technical responses. GPT-5 users can continue using the software for three months, after which the Pro version will be updated to GPT-5.1 Pro.
Binance will list Lorenzo Protocol (BANK) and Meteora (MET).
According to a Binance announcement, the platform will list Lorenzo Protocol (BANK) and Meteora (MET) on November 13, 2025 at 22:00 Beijing time, opening trading pairs for BANK/USDT, USDC, TRY and MET/USDT, USDC, TRY, and affixing the Seed tag. Both projects were previously listed on Binance Alpha and are now moving to the spot market. Withdrawals will open on November 14 at 22:00. The BANK contract is BNB Chain: 0x3AeE7602b612de36088F3ffEd8c8f10E86EbF2bF, and the MET contract is Solana: METvsvVRapdj9cFLzq4Tr43xK4tAjQfwX76z3n6mWQL. According to BWENEWS, this is the first time Binance has listed a Solana ecosystem project in nearly six months.
