Breaking News Preview:
- Coinbase has launched an end-to-end token sale platform and will hold its first public sale of Monad tokens from November 17 to 22.
- The UK High Court will hold another hearing on November 17 regarding the disposal of 60,000 bitcoins in the Qian Zhimin case;
- Ethereum Devconnect will be held in Buenos Aires, Argentina on November 17th;
- The U.S. Accounting Committee will discuss on November 19 whether to add an accounting treatment item for "cryptocurrency transfers";
- OKX will delist the spot trading pairs BAL, PEP, FLM, DEP, NC, and LOOKS from November 19th to 22nd.
- The Federal Reserve will release the minutes of its monetary policy meeting at 3:00 AM Beijing time on November 20.
November 17
Policy and regulation:
According to Caixin, Qian Zhimin, the main suspect in a money laundering case involving 60,000 Bitcoins, purchased Bitcoins at an average price of 2,815 yuan per coin (statistical method unknown). However, by the time she was sentenced in the UK, the price of Bitcoin had inflated 266 times to 750,000 yuan per coin. Regarding the disposal of the assets frozen in the UK, the UK has not yet made substantial progress towards returning or sharing them with the Chinese authorities. The Hedong Branch of the Tianjin Public Security Bureau, which is investigating the Lantian Gree case, also issued a notice on October 30 stating that the public security organs are continuing cross-border cooperation with UK law enforcement agencies to pursue fugitives and recover assets, making every effort to recover losses for those who participated in the fundraising scheme. On November 17, 2025, the UK High Court will hold another hearing on the disposal of the 60,000 Bitcoins.
Exchange:
Coinbase: Monad token sale to begin November 17th
Coinbase announced the launch of its end-to-end token sale platform and will hold its first public sale (Monad token) from November 17th to 22nd. The platform uses a bottom-up allocation algorithm, prioritizing smaller requests and limiting large-scale concentration; a one-week request window is set, after which allocations are determined uniformly; users who sell quickly within 30 days will have their allocations reduced in subsequent sales. The issuer and its affiliates are prohibited from OTC and secondary market sales for six months, with any exception requiring Coinbase approval and a lock-up period extending to six months. User participation is free; the issuer raises funds in USDC and pays proportional fees. This marks the first widespread participation from US retail users since 2018.
Project Updates:
Acurast plans to launch its mainnet on November 17th and simultaneously issue its token ACU.
Acurast announced it has raised $11 million and plans to launch its mainnet on November 17th, simultaneously issuing its token ACU. The project claims to achieve verifiable, confidential, and tamper-proof computation on consumer smartphones, using hardware key proofs to allow only manufacturer-certified devices to connect. Its network data shows nearly 150,000 phones have joined, processing approximately 494 million transactions and deploying approximately 94,200 services. Investors include Ethereum co-founder and Polkadot founder Gavin Wood. The project responded to security concerns by stating that devices with invalid certificates cannot obtain valid and trusted proofs and are therefore denied access.
Cango will transition to a direct listing on the NYSE on November 17.
Bitcoin mining company Cango announced plans to transition to a direct listing on the New York Stock Exchange on November 17, 2025. Cango initially listed in the U.S. through an IPO in July 2018, initially in the form of American Depositary Receipts (ADRs). Cango stated that it will prioritize optimizing its Bitcoin mining operations, improving uptime and operational energy efficiency. The company is also actively seeking to enter the field of artificial intelligence and high-performance computing.
YouTube's support page indicates that starting November 17th, the platform will expand its enforcement of online gambling-related content to include digital items with monetary value (such as game skins, props, and NFTs); content involving "social casinos" will be uniformly restricted to 18+; and age restrictions will be added for game content featuring realistic figures, highlighting and consistently depicting torture or large-scale non-combatant violence. Previously uploaded videos that violated the rules but were uploaded before the aforementioned dates will either be removed or subject to age restrictions, but will not result in a warning.
Community activities:
Ethereum Devconnect will be held in Buenos Aires, Argentina on November 17.
The Ethereum Foundation announced in its official blog that the next Devconnect will be held in Buenos Aires, Argentina, from November 17 to 22, 2025.
Token unlocking:
ZKsync (ZK) will unlock approximately 173 million tokens at 4 PM Beijing time on November 17th, representing 3.37% of the current circulating supply, with a value of approximately $9 million.
ApeCoin (APE) will unlock approximately 15.6 million tokens at 8:30 PM Beijing time on November 17th, representing 1.66% of the current circulating supply, with a value of approximately $5.5 million.
November 18
Exchange:
Binance Alpha plans to list Datagram Network (DGRAM) on November 18th.
Binance has announced that Binance Alpha will list Datagram Network (DGRAM) on November 18th. Eligible users can claim an airdrop using Binance Alpha Points on the Alpha Events page after trading opens. More details will be announced soon.
Project Updates:
WLFI financial firm Alt5 Sigma will release its financial report on November 18th.
Peter Tassiopoulos, CEO of ALT5 Sigma, a publicly traded company employing the WLFI financial strategy, has been suspended from his salaried position by the board of directors. Jonathan Hugh has been appointed acting CEO, effective immediately. This management change comes as the company's stock price has fallen nearly 20% in the past week; InvestingPro data shows the stock price is down 83% from its 52-week high of $10.95. The company's next earnings report will be released on November 18.
November 19
Policy and regulation:
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.
The Central Bank of Brazil will discuss the issue of Bitcoin reserves at its autumn central bank meeting from November 19 to 21.
The Central Bank of Brazil (BCB) will send six officials to its autumn central bank meeting in Rio de Janeiro from November 19 to 21, 2025. One of the topics planned for discussion is the central bank's reserves of cryptocurrencies and Bitcoin, as well as central bank digital currencies (CBDCs). The BCB is also discussing the creation of the Drex digital currency in the country, intended to complement the Pix digital currency.
Exchange:
Binance Futures will delist RUNEUSD coin-margined perpetual contracts on November 19th.
Binance Futures will automatically liquidate the RUNEUSD coin-margined perpetual contracts at 17:00 (UTC+8) on November 19, 2025, and will delist the aforementioned perpetual contract trading pair after the liquidation is completed.
Binance will cease supporting Galxe (GAL) token deposits on the Ethereum network (ERC20) at 11:00 AM (UTC+8) on November 19, 2025. After this time, Galxe (GAL) tokens deposited through the Ethereum network (ERC20) will not be credited to users' accounts, potentially resulting in asset loss.
OKX will delist the spot trading pairs BAL, PEP, FLM, DEP, NC, and LOOKS from November 19th to 22nd.
OKX announced that it will delist the spot trading pairs BAL, PEP, FLM, DEP, NC, and LOOKS from November 19th to November 22nd. Previously, EuroEasy had suspended deposits for these cryptocurrencies at 4:00 PM (UTC+8) on November 12th, 2025.
Token unlocking:
YZY (YZY) will unlock approximately 37.5 million tokens at 1 PM Beijing time on November 19th, representing 12.50% of the current circulating supply, with a value of approximately $14.1 million.
November 20
Policy and regulation:
The Federal Reserve will release the minutes of its monetary policy meeting at 3:00 AM Beijing time.
Project Updates:
Phala Network: Polkadot parachain slots expire on November 20th and will be migrated to Ethereum L2.
Phala Network, a decentralized off-chain computing infrastructure, has announced that it has submitted a proposal to stop the Polkadot parachain and fully migrate to Ethereum L2, as Phala's Polkadot parachain slot will expire on November 20, 2025, in order to comply with Intel's roadmap (TDX+GPU confidential computing) and the broader EVM ecosystem.
The Capx AI airdrop claim window will remain open until November 20th.
AI proxy project Capx AI released an airdrop update, stating that TGE went live on November 4th, but due to technical issues with the Uniswap frontend, airdrop collection was temporarily delayed. This was unrelated to the contract or tokens, and all funds were 100% safe. The Uniswap team later confirmed that the exact reason was part of a broader indexing limitation on Arbitrum's native USDC. Capx AI updated to state that the airdrop collection window opened at 11:00 AM on November 7th and closed at 7:59 AM on November 20th.
Token unlocking:
LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7 PM Beijing time on November 20th, representing 7.29% of the current circulating supply, with a value of approximately $38.3 million.
KAITO will unlock approximately 8.35 million tokens at 8 PM Beijing time on November 20th, representing 2.97% of the current circulating supply, with a value of approximately $6.4 million.
November 21
None available
November 22
None available
November 23
None available
