The number of daily active validators on Ethereum has fallen to its lowest level since April 2024.
According to The Defiant, Beaconchain data shows that the number of daily active validators on Ethereum has decreased by approximately 10% since July, reaching its lowest level since April 2024. This recent decline is the first time Ethereum has experienced such a significant drop since the network switched from a Proof-of-Work (PoW) consensus mechanism to a Proof-of-Stake (PoS) mechanism in September 2022. The number of daily active validators recently fell below 1 million for the first time since April 28, 2024, reaching 999,203 as of November 11. Furthermore, validator exit queues have reached an unprecedented high as staking operators rush to unstake funds for profitable sales. ValidatorQueue data shows that it currently takes approximately 37 days for Ethereum validators to unstake ETH, compared to just 1 day in May. However, validator joining times have also increased significantly in recent months, with approximately 1.2 million ETH currently waiting to be staked, with a waiting time of 22 days.
Balancer issued a statement on the X platform stating that in response to the recent Balancer V2 stablecoin pool incident, the Balancer team has initiated a white-hat recovery operation and transferred approximately $4.1 million to a controlled escrow account for reconciliation and returns. This only applies to Balancer V2 stablecoin pools; Balancer V3 is unaffected. Balancer reminds its community users to be wary of phishing attacks and to refrain from any operations with the listed pools for the time being. Further updates will be provided after reconciliation is completed. Previously, it was reported that the DeFi protocol Balancer suffered a hack that resulted in losses of approximately $116.6 million. The attack involved the transfer of assets across multiple blockchains, including various tokens such as WETH, Staked ETH, and wstETH.
According to on-chain analyst @ai_9684xtpa, the address tagstax.eth, associated with Ethereum co-founder Taylor Gerring (@TaylorGerring), received 4,544 ETH, worth $15.41 million, nine hours ago, and has not yet been transferred or sold. The address that transferred the ETH has frequent interactions with block builders Beaver Builder and Titan Builder, and has been in use for over three years.
The U.S. House of Representatives has enough votes to pass a temporary funding bill.
According to Jinshi News, the U.S. House of Representatives has passed a temporary funding bill with enough votes and will later be sent to Trump for his signature to take effect. Voting is still ongoing.
According to on-chain analyst Ember, an address suspected to belong to Monetalis (0x5eE...16B) received 1.851 million UNI tokens (US$14.33 million) from market makers such as Wintermute, FlowTraders, and B2C2 in the past 8 hours, at an average price of US$7.7. This purchase was likely made through OTC channels.
According to Cryptopolitan, Pump.fun announced the launch of an experimental Mayhem mode, allowing AI agents to participate in the trading of newly issued tokens. This automated bidding method represents a breakthrough for both AI agents and Meme coins, as most agents previously relied on human assistance. Pump.fun stated that the mode aims to increase early trading volume by introducing AI agents, but did not explicitly announce the participating agents, leaving it to the community to discover from relevant documents. Unlike previous methods, the AI agents will not create new tokens. Token creators on Pump.fun must select the Mayhem mode before issuance, and this mode will not apply to existing or graduated tokens on the Pump.fun binding curve. The AI agents will issue 1 billion new Meme coins for each token, bringing the total supply to 2 billion. The AI agents will then randomly use these tokens for trading, increasing initial trading risk and volatility. After a 24-hour period, unsold tokens and tokens sent to the AI agent's wallet during this period will be destroyed without affecting their buying and selling decisions. The AI agents may randomly sell more tokens, thus depleting the binding curve and preventing human traders from selling. Given the prevalence of early trading bots, this AI agent will likely primarily compete with simple trading bots.
A whale/institution redeemed 9,026 ETH and deposited 7,665 ETH into OKX and Bybit.
According to Onchain Lens monitoring, a whale/institution redeemed 9,026 ETH (worth $31.05 million) and deposited 7,665 ETH (worth $26.37 million) into OKX and Bybit. This wallet was previously tagged with #SharpLink, but #SharpLink denies any connection to it.
FTX/Alameda redeemed 193,800 SOL from the staked tokens and distributed them to 28 addresses.
According to on-chain analyst Yu Jin, FTX/Alameda redeemed 193,800 SOL (US$30.69 million) from staking and then distributed them to 28 addresses three hours ago. Most of these recipients will subsequently transfer their SOL to Coinbase or Binance. Since November 2023, FTX/Alameda staking addresses have cumulatively redeemed and transferred 9,367,000 SOL (US$1.27 billion) using this method, with an average transfer price of US$135.8. Currently, FTX/Alameda staking addresses still have 4,048,000 SOL (US$620 million) staked.
The White House: Trump will sign the temporary funding bill at 10:45 AM Beijing time today.
According to Jinshi News, the White House disclosed that Trump will sign the temporary funding bill in the Oval Office at 9:45 p.m. Eastern Time tonight (10:45 a.m. Beijing Time).
According to official news, Ethereum treasury company SharpLink today released its third-quarter financial results ending September 30, 2025, and simultaneously disclosed the continued progress of its ETH treasury strategy. The report shows that the company's total revenue increased to approximately $10.8 million this quarter, an increase of over 1100% compared to $900,000 in the same period last year. The core growth driver was the strong performance of actively managed ETH treasuries. Net profit for the quarter reached approximately $104.3 million, with fully diluted earnings per share of $0.62, compared to a net loss of $885,000, or a fully diluted loss per share of $3.02, in the same period last year. Regarding assets, as of September 30, the company held approximately 817,747 ETH, increasing to 861,251 ETH as of November 9, 2025. As of September 30, total crypto assets amounted to approximately $3 billion, cash balance was $11.1 million, and USDC stablecoin was worth $26.7 million.
Federal Reserve hawk Bostic announces retirement
According to Jinshi News, just as Trump intensified his attacks on the Federal Reserve and the internal re-election vote was imminent, Raphael Bostic, a key hawk at the Fed, chose to retire abruptly. This move is seen as a compromise to avoid direct confrontation under political pressure, marking a double blow to the Fed's independence and the hawkish voices within the organization. Atlanta Fed President Bostic announced on Wednesday that he will retire when his current five-year term expires at the end of February next year, thus avoiding potential internal controversy surrounding his re-election. The timing of Bostic's retirement is quite delicate—the seven-member board of governors in Washington must agree that the presidents of all 12 regional Fed banks will begin a new five-year term starting March 1st next year. Fed insiders believe that the financial restatement issue has jeopardized Bostic's re-election prospects, especially against the backdrop of Trump and his allies continuing to question the Fed's credibility. This year, the Fed has already faced unprecedented political pressure from the Trump administration for not cutting interest rates more aggressively. Bostic's departure will weaken the hawkish voices within the Fed during this politically sensitive period.
Brazil has proposed selling seized Bitcoin in order to weaken organized crime networks.
According to CoinDesk, Brazilian President Luiz Inácio Lula da Silva's Bill 5.582/2025, submitted to Congress, authorizes financial institutions to liquidate cryptocurrencies before trial outcomes, treating them similarly to foreign exchange, checks, and securities. However, the handling of cases where suspects are acquitted remains unclear. This move aims to combat the financial chains of criminal organizations and is part of the "Anti-Faction Bill," which amends legislation on organized crime and the Criminal Procedure Law, targeting the financial infrastructure of criminal factions such as "Comando Vermelho." Simultaneously, the Central Bank of Brazil is pushing forward with significant regulatory reforms to the cryptocurrency industry, issuing new rules requiring cryptocurrency companies to obtain licenses and hold capital reserves of 10.8 million to 37.2 million reais, depending on their business activities. These regulations will take effect in February, classifying cryptocurrency activities according to Brazilian foreign exchange and capital market laws.
According to Bitcointreasuries data, Strategy's (MSTR) mNAV (market capitalization to the value of BTC held) has fallen below 1, currently trading at 0.989. Strategy currently has a market capitalization of $65 billion and holds 641,692 bitcoins (worth $65.16 billion).
The White House: September Labor Statistics data will be released after the government reopens.
According to Jinshi News, the White House stated that the September Bureau of Labor Statistics data will be released after the government reopens.
According to Jinshi News, the U.S. House of Representatives has cleared key procedural hurdles, paving the way for a full House vote on the appropriations bill, which has already passed the Senate, to end the government shutdown. On Wednesday, as the shutdown entered its 43rd day, House members voted 213-209 to advance the bill to the next stage. The appropriations bill will now undergo an hour of debate before a final vote. The White House stated earlier that Trump hopes to sign the bill to end the government shutdown tonight (Thursday morning Beijing time).
EU regulators seek to strengthen MiCA oversight, with shared order books becoming a key focus.
According to CoinDesk, less than a year after the implementation of the EU's Crypto Asset Markets Regulation (MiCA), various problems have already begun to emerge, and regulators are working to prevent these problems from worsening. Currently, there are concerns that some member states are issuing licenses too quickly. The European Securities and Markets Authority (ESMA) intends to take a more centralized and forceful approach to cryptocurrency regulation within its jurisdiction, although specific details of the plan are still unclear. One potential change involves liquidity sharing outside the EU and the use of a unified order book. From a regulatory perspective, a shared order book could blur the lines of responsibility for matching trades, information disclosure, risk management, and best execution; from a trader's perspective, aggregating buy and sell orders across a wider pool can create greater liquidity, facilitate easier trading, and arrive at more accurate prices. ESMA has not specifically responded to the shared order book issue, but stated in an email that its position raised earlier this year in a Q&A session that "MiCA does not allow cryptocurrency trading companies to merge their order books with any non-EU, non-MiCA-regulated trading platforms" is to ensure a level playing field for MiCA's application within the EU, and that it will continue to work towards this goal.
Solana's active address count has fallen to its lowest level in 12 months.
According to The Block, the number of active addresses on Solana has dropped to 3.3 million, a 12-month low and a significant decline from the network's peak of over 9 million active addresses in January of this year. In late 2024, as Solana established itself as the dominant chain for Meme coin issuance and trading, its active address count surged. Throughout 2025, as enthusiasm for Meme coin gradually waned from its peak, the number of active addresses also gradually declined.
According to CoinDesk, the Dubai Digital Economy Court has issued a global asset freeze order regarding $456 million in funds related to Justin Sun's bailout of Techteryx, the issuer of the stablecoin TrueUSD. The crux of the dispute lies in whether TrueUSD reserve funds were improperly transferred to Dubai trade finance company Aria Commodities DMCC. Aria, an entity under financier Matthew William Brittain, received funds through a Hong Kong-based First Digital Trust account between 2021 and 2022. Techteryx claims this violated custody terms, turning reserves into non-redeemable long-term loans and private transactions. Matthew William Brittain of Aria has stated that the liquidity issues are related to maturity commitments and that the ARIA CFF strategy is not highly liquid or suitable as a stablecoin reserve. On October 17, 2025, Judge Michael Black KC stated that Techteryx presented “serious issues” pending review, warranting a freeze on the funds. He further stated that Aria failed to provide evidence of fund transfers and asset ownership, and that Brittain risked “dissipating or restructuring assets to obstruct the judgment.”
White House: October non-farm payroll and inflation data may never be released.
According to a CNBC report cited by Jinshi, White House Press Secretary Levitt stated that key economic reports for October may not be released at all due to the government shutdown. Levitt said, "Democrats may have permanently damaged the federal statistical system, and the October CPI and (non-farm) jobs reports are very likely to never be released. The release of all these economic data will be permanently damaged, forcing Federal Reserve policymakers to 'fly blind' during a critical period." With the government shutdown lasting more than six weeks, setting a record for the longest shutdown, Wall Street has been closely watching the release of key economic data. Other affected data includes retail sales, import and export figures, and consumer spending and income. Most economists had previously expected all data to eventually be released, albeit with delays. However, Levitt's comments cast a shadow over that expectation. She added that the shutdown could reduce fourth-quarter economic growth by as much as 2 percentage points.
According to crypto journalist Eleanor Terrett, as of 5:30 p.m. Eastern Time, the Canary XRP ETF officially became effective after completing its listing certification on Nasdaq, and XRPC has been approved to begin trading at the opening of the market tomorrow (November 13, the day after November 12, ET).
Coinbase will launch spot trading of Nomina (NOM).
According to a Coinbase Markets announcement, Coinbase will launch spot trading for Nomina (NOM). In supported regions, the NOM-USD trading pair will open at 9:00 AM Pacific Time on November 13 (1:00 AM Beijing Time on November 14) or later, provided liquidity conditions are met.
According to Cryptopolitan, Canary Capital has filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) for an ETF related to the Meme coin MOG.
Most regional Federal Reserve voting members are not enthusiastic about a December rate cut.
According to Jinshi News, Federal Reserve officials have recently been speaking out frequently about monetary policy. Nick Timiraos, often referred to as the "Federal Reserve mouthpiece," stated that four regional Federal Reserve presidents with voting rights (Collins of the Boston Fed, Musalaim of the St. Louis Fed, Goolsby of the Chicago Fed, and Schmid of the Kansas City Fed, who voted against the October rate cut) have not actively pushed for another rate cut in December. Note: The Fed rotates four regional Federal Reserve banks as voting members of the FOMC each year; starting next year, the aforementioned four officials will lose their voting rights on the FOMC. The New York Fed holds a special position with permanent voting rights.
According to Arkham's monitoring, an attacker is suspected of deliberately targeting HLP (Hyperliquidity Provider) on Hyperliquid. The attacker used 19 wallets and $3 million in principal to establish a $20-30 million long position in POPCAT with 5x leverage, and set up a massive buy order wall. Subsequently, the attacker suddenly removed the buy order wall, causing a flash crash in the price of POPCAT, instantly liquidating the $3 million in collateral to zero. Due to the lack of liquidity, HLP was forced to take over the position, ultimately resulting in a $4.9 million bad debt loss. Analyst @mlmabc pointed out that this loss of $3 million in seconds was not foolish or negligent, but a "deliberate attack" against HLP and Hyperliquid.
Strategy's MSTR market capitalization is now lower than the net asset value of its BTC holdings.
According to data from Strategy's official website, MSTR's latest market capitalization is approximately $65.36 billion, while its holdings of 641,692 Bitcoins correspond to a net BTC value of approximately $65.488 billion, resulting in a "market capitalization lower than the net BTC value" in the holdings. Meanwhile, the price of BTC is approximately $102,054, and the price of MSTR stock is $227.45, down 1.68% on the day.
According to The Block, SEC Chairman Paul Atkins announced at the Philadelphia Fed Fintech Conference that the SEC will launch a new regulatory framework called "Token Taxonomy," aimed at redefining when crypto assets are considered securities. Atkins stated that the framework will be based on the 1946 Howey Test to differentiate the legal attributes of tokens at different stages. He noted, "Cryptocurrencies may initially constitute investment contracts, but not forever—as the network matures, the code is completed, and the issuer exits, the token will no longer depend on the issuer's efforts." Atkins pointed out that most crypto tokens are not securities and proposed two principles: first, the asset attributes do not change due to being on-chain; second, economic substance outweighs the label—if a token represents an expected profit based on the management efforts of others, it remains a security. The initial classification includes: network tokens, NFTs, and digital instrument tokens are not securities, while tokenized stocks and bonds are. He stated that tokens can shed their security attributes as the network matures, and non-security tokens can be traded on CFTC or state regulatory platforms in the future. Atkins emphasized that the SEC will align with congressional legislation and continue to crack down on fraud, "not letting fear of the future trap us in the past."
Anthropic: to invest $50 billion in the US to build data centers
Anthropic: Will invest $50 billion in the United States to build data centers.
OpenAI's Chief Information Security Officer, Dane Stuckey, issued a statement saying that The New York Times (NYT) demanded OpenAI hand over 20 million private chat logs from ChatGPT users, arguing that they might contain content indicating users' attempts to bypass its paywall. OpenAI strongly opposes this demand, calling it a "serious violation of user privacy and common-sense security principles," and emphasizing that this data is irrelevant to the lawsuit. Stuckey revealed that the NYT had previously requested 1.4 billion user chat logs and attempted to revoke users' right to delete chat logs, both of which were rejected by OpenAI. He pointed out that ChatGPT serves approximately 800 million users weekly, involving highly sensitive information such as documents, payment details, and AI agent operations, and that "these private conversations belong to the users themselves and should not be used as collateral in this lawsuit." OpenAI stated that if the court approves the demand, the sensitive data will be forced to be handed over to the Times' lawyers and external consultants, and the company will "use every means to protect user privacy." Simultaneously, OpenAI announced an accelerated privacy and security plan, launching client-side encryption, strictly limiting the scope of human review, and will announce more privacy enhancement measures in the near future.
Sui launches USDSui, a stablecoin for notes, expected to list later this year.
According to the Sui blog, Sui will partner with Bridge (a subsidiary of Stripe) to launch its native stablecoin USDsui, targeting wallets, DeFi, and application scenarios. It will be compatible with the Bridge ecosystem and interoperable with stablecoins on platforms such as Phantom, Hyperliquid, and MetaMask. USDsui is deployed on Open Issuance and is positioned for compliance preparation, cross-border payments, and P2P transfers, aiming to comply with the requirements following the enactment of the GENIUS Act. Related revenue will be used for ecosystem growth and investment. The official statement claims that the total on-chain transfer volume of the Sui stablecoin in August and September reached approximately $412 billion, reflecting both demand and carrying capacity.
Coinbase announced it will move its corporate registration from Delaware to Texas.
Coinbase Chief Legal Officer Paul Grewal announced that the company has decided to leave Delaware and officially relocate its headquarters to Texas. He stated that this decision was "not made lightly," but Coinbase will always "act in the best interests of its customers, employees, and shareholders." Grewal noted that Delaware no longer monopolizes the U.S. corporate law field, and other states are attracting businesses and entrepreneurs through institutional innovation, fostering healthy competition. He pointed out that Texas's corporate law system excels in "efficiency, predictability, and fairness," making it an ideal new home for Coinbase, and thanked Governor Greg Abbott for his support of innovative businesses. Coinbase CEO Brian Armstrong retweeted the announcement, stating, "Coinbase's mission is to promote economic freedom. Texas has a builder culture and embraces the crypto industry, so this relocation decision is a natural fit."
Crypto startup Seismic raises $10 million, led by a16z crypto.
According to Fortune, Seismic, a crypto privacy infrastructure startup, announced the completion of a $10 million funding round led by a16z crypto, with participation from Polychain, Amber Group, TrueBridge, dao5, and LayerZero. This brings the company's total funding to $17 million. Founded by CEO Lyron Co Ting Keh, Seismic aims to help fintech companies protect sensitive user information, such as salaries and rent, from public blockchains when using cryptography. Seismic has already partnered with stablecoin account platform Brookwell and private lending service provider Cred to provide them with private blockchain payment tracks, preventing transaction data exposure on public blockchains. The company plans to use the new funding to expand its services, including fiat currency deposit and withdrawal channels and a crypto card project, and expects to generate revenue in the first quarter of 2026, charging 1 cent per transaction. Its competitor is Tempo (valued at $5 billion).
Coinbase hires former Goldman Sachs partner Liz Martin to build an "all-in-one exchange" platform.
According to The Block, Coinbase has appointed Liz Martin as VP of Product, heading Markets and Derivatives to advance its "Everything Exchange" strategy. Martin spent 25 years at Goldman Sachs, rising to the position of partner, where she was responsible for global markets and consumer finance partnerships. Coinbase stated that she will lead the exchange business, drive derivatives growth, and manage the global markets team. The strategic plan encompasses trading, lending, staking, spending, and yielding, and explores tokenized stocks, prediction markets, and early token sales.
Binance Alpha launches its second CROSS airdrop event; holders of 230 points can claim 320 tokens.
Binance has officially announced that the second wave of its Alpha airdrop will be CROSS Protocol (CROSS). Users holding at least 230 Binance Alpha Points can claim 320 CROSS tokens via the event page. If the rewards are not fully distributed, the Alpha Points threshold will automatically decrease by 5 points every 5 minutes. Claiming the airdrop will cost 15 Alpha Points, and users must confirm their claim within 24 hours; otherwise, it will be considered a forfeit.
AI guru LeCun will leave Meta to start a new company focusing on "world models".
According to US media reports, Yann LeCun, a French-American scientist hailed as one of the "godfathers of AI," will leave Meta after 12 years to found his own AI company. LeCun is known for his critical perspective, believing the current industry craze for Large Language Models (LLMs) is an "irrational obsession." He points out that the real path to software surpassing human intelligence lies not in chatbots, but in "world models"—AI systems capable of learning from real-world data through video, spatial, and sensor data. LeCun emphasizes that this physical-world-based cognitive training is key to Artificial General Intelligence (AGI). This view is echoed by former Stanford professor and "AI guru" Fei-Fei Li, who believes the next frontier in AI is "spatial intelligence," arguing that LLMs are "eloquent but lack experience" and struggle to truly understand the world.
Circle is considering issuing its native token on the ARC Network.
Circle Internet Group's Q3 2025 financial report reveals that Circle is exploring launching a native token on its self-developed public blockchain, Arc Network, to promote network participation and ecosystem growth. Currently, over 100 banks, payment companies, and technology enterprises are participating in the Arc public beta network. Circle Payments Network (CPN) has covered 8 countries, with 29 financial institutions already connected, and another 55 under review and 500 in the queue. CEO Jeremy Allaire stated that USDC adoption and partner growth are significant, and Circle is accelerating the development of an "internet economy operating system."
Circle's total revenue and reserve income in the third quarter were $740 million.
Circle Internet Group (NYSE: CRCL) released its Q3 2025 financial results. USDC circulation reached $73.7 billion, a year-over-year increase of 108%; total revenue and reserve income were $740 million, a year-over-year increase of 66%; net income reached $214 million, a year-over-year increase of 202%. Adjusted EBITDA was $166 million, a year-over-year increase of 78%.
Solana's perpetual contract DEX project, Adrena, has announced it is entering maintenance mode.
Solana ecosystem perpetual contract exchange Adrena has announced that it will enter maintenance mode immediately. The team and foundation will no longer develop new features, but the platform's liquidity pool, staking, unlocking, and data functions will continue to operate. Adrena plans to open-source its front-end and back-end code, allowing the community to take over future development. The team stated that Adrena achieved $8 billion in trading volume and $10 million in transaction fee revenue in the past year, but due to difficulties in fundraising and intense market competition, it ultimately decided to cease development. The project team emphasized that it has never sold team tokens and hopes that the community will continue its vision in the future.
Bybit Security Lab Reveals 16 Hidden Fund Freezing Functions on Mainstream Blockchains
Bybit's Lazarus Security Lab released a report stating that 16 mainstream blockchains already have mechanisms in their code that can freeze or restrict user funds, and another 19 blockchains can achieve similar functionality through minor protocol modifications. The report identifies three types of freezing mechanisms: hard-coded freezing (such as BNBChain and VeChain), configuration-based freezing (such as Sui and Aptos), and contract-based freezing (such as HECO). Sui froze $162 million in stolen assets after the Cetus incident, and BNBChain also prevented a $570 million cross-chain bridge attack through a blacklist mechanism. David Zong, Bybit's head of risk control, stated that transparently disclosing these mechanisms helps the industry build trust and improve governance.
According to Chainwire, the Ontology community has officially approved a proposal to adjust the ONG token economic model, with 117 million votes in favor and zero against. The proposal reduces the total supply of ONG from 1 billion to 800 million and permanently locks up 100 million ONG equivalent in ONT-ONG assets to enhance liquidity and reduce circulating supply. Founder Jun Li stated that this adjustment will establish a predictable release mechanism and a long-term sustainable path for ONG, incentivizing ONT staking and promoting ecosystem growth. The update will officially take effect on December 1, 2025, with the Ontology mainnet v3.0.0 upgrade.
According to Forbes, OpenAI's video generation app Sora, despite surpassing 4 million downloads, has extremely high operating costs, estimated at around $15 million per day for generating AI videos, with annualized expenses exceeding $5 billion. Analysts estimate that generating a 10-second video costs an average of about $1.30, far exceeding the current free usage rate. The report points out that OpenAI is still in an aggressive expansion phase, prioritizing user growth and acquiring video training data over profitability. Company executives have acknowledged that Sora's economic model is "completely unsustainable at present" and that the company may reduce free usage and explore paid or advertising monetization paths in the future.
