Popular Coins on CEX
Top 10 Transaction Volume on CEX and 24-Hour Price Change:
- BTC: -1.45%
- ETH: -4.87%
- SOL: -3.32%
- XRP: -4.51%
- ZEC: -2.63%
- NEAR: -2.83%
- BNB: -1.58%
- PEPE: +3.53%
- DOGE: -3.67%
- HYPE: -3.98%
24-Hour Price Increase Rankings (Data Source: OKX):
- PEPE: +3.59%
- ARB: +0.05%
- XAUT: -0.07%
- TRX: -0.23%
- BTC: -1.44%
- BNB: -1.57%
- ZEC: -2.54%
- NEAR: -2.78%
- XLM: -3.04%
- ADA: -3.19%
24-Hour Cryptocurrency Stock Increase Rankings (Data Source: msx.com):
- NIO: +163.13%
- INDI: +33.58%
- RDWU: +32.95%
- COHX: +28.87%
- LUNR: +22.39%
- IONQ: +22.02%
- ASPI: +20.35%
- VOYG: +17.95%
- AEHG: +17.86%
- SMR: +15.33%
On-Chain Popular Meme Top 2 (Data Source: GMGN):
- PONS (Robinhood Chain) - A token issued by a token issuance platform, recently noted by DeFi researchers for its significant decline, cautioning against buying in solely due to price drops. Market cap $110 million, 24-hour drop 10.09%.
- STONK (Solana) - A token issued by a token issuance platform on Solana, also noted along with PONS, with discussions centered on the cyclical decline of platform tokens. Market cap $35.59 million, 24-hour drop 34.50%.
Headlines
According to Coinglass data, in the past 4 hours, the entire network has liquidated $803 million, with long positions liquidated at $744 million and short positions at $59.77 million. Additionally, $358 million in ETH and $233 million in BTC have been liquidated in the past 4 hours.
The NVIDIA Board issued a statement on November 8, stating that in light of recent reports concerning the company's founder and CEO Jensen Huang becoming a target of foreign intelligence agency operations, the Board has decided to initiate an independent investigation. The investigation will be conducted by a committee of independent directors and assisted by external independent legal counsel. The Board stated that there is currently no reason to believe that U.S. national security or NVIDIA's confidential information has been compromised, but the investigation will review all available information. Jensen Huang has expressed support for the review and committed to cooperating. Furthermore, according to Axios, in an email sent to company employees on Sunday, Huang admitted to infidelity and apologized to his wife, family, and company employees. Huang stated that he takes full responsibility for his actions and hopes to regain his family's trust in the future. Additionally, NVIDIA's head of Public Policy Communications, John Rizzo, stated that the incident will not affect the company's operations, and Huang will continue to serve as CEO and lead the company normally.
Binance Resumes HYPE and APT Withdrawals, Stablecoin Reserves Decreased by About $9 Billion
Binance resumed HYPE and APT withdrawals on November 8, ahead of its previously promised timeline. Binance had previously stated that it would resume withdrawals for assets like HYPE and APT by the end of the following week, while other withdrawal channels still require safety assessments. Cryptoquant data shows that following the hacking incident, Binance's BTC reserves dropped from about 730,000 coins to 673,700 coins, a decrease of about 56,000 coins; ETH reserves fell from about 3.48 million coins to 3.08 million coins, reduced by about 400,000 coins. The stablecoin reserves based on Ethereum decreased from about $41 billion to about $32 billion, a reduction of about $9 billion, with the latest daily net inflow of about $27.9 million. Arkham data shows that Binance's marked positions total about $162.65 billion, covering approximately 68.5 million addresses, including about 696,184 BTC and 3.454 million ETH. Elliptic reports that attackers converted about $174 million in stolen tokens into another approximately 2,300 BTC. (Bitcoin.com News)
Industry News
The Probability of a 25 Basis Point Rate Hike by the Federal Reserve in December Rises to 77%
The probability of a 25 basis point rate hike by the Federal Reserve in December has risen to 77%, while the probability of keeping rates unchanged has fallen to 23%. This predictive event's trading volume reached $16.7 million.
According to Programs statistics, the "blue wave" initiated by the Democratic Party in the midterm elections has intensified market concerns over the pace of data center construction, with approximately half of the 69 data center projects canceled since the start of 2024 being due to local residents' opposition. The website also indicates that at least 4 data center projects in the US have been canceled since October; in the third quarter, at least 17 projects were canceled, marking the highest since 2024. Since the second half of this year, canceled data center projects have approached the total for the entire year of 2025.
With the Democratic Party winning in the midterm elections and taking control of Congress, the political advantage the crypto industry enjoyed in Washington over the past two years is facing reversal. However, some policy achievements previously obtained by the crypto industry are not easily overturned. For example, to abolish federal stablecoin laws, new legislation would need to be passed; the SEC and the U.S. Commodity Futures Trading Commission (CFTC) can continue working on regulatory rules for digital assets. It is reported that the crypto industry has begun to turn to bipartisan support to seek long-term development, and the market’s long-term development is no longer limited to alliances with Trump, as digital assets gradually involve investment funds, stablecoin payments, and financial infrastructure.
The digital asset treasury company Strategy disclosed on November 2 that as of November 1, its designated dollar reserves amount to $4.79 billion, with an additional $132.7 million in cash. From October 26 to November 1, the company paid $43.4 million in preferred stock dividends from those reserves. Strategy disclosed in September that it had repurchased $176 million of STRC and expanded its securities repurchase authorization to $2 billion; by the October earnings report, the authorized amount had increased to $3 billion. From October 26 to November 1, the company repurchased $208.2 million of STRC. By 2026, Strategy project to raise about $431.8 million through the sale of Bitcoin for dividends and repurchases. From November 1, STRC dividends accumulate daily, covering weekends and holidays, and payments are processed on business days. STRC does not have collateral rights in the Bitcoin held by Strategy, and its payment ability depends on the issuer's resources. (Bitcoin.com News)
According to HODL15Capital monitoring, the holder known as "Mr. 1,000" increased Bitcoin holdings from 1,000 to 6,000 coins in six transactions from November 5 to 6, with each transaction adding 1,000 coins. The last record was on November 6 at 03:38, with a balance valued at $455,880,874, priced at $75,980.15 per coin.
Project News
Keplr Wallet released an update on the security incident, advising users who logged in using Google or Apple to temporarily stop transferring new funds to the related accounts and to transfer remaining transferable assets to accounts created through mnemonic phrases or hardware wallets. Some affected accounts may show reduced or zero balances due to asset protection measures. The Web3Auth infrastructure vulnerability has led to a leak of some users' private keys who logged in via Google or Apple, and measures are currently being coordinated with the Web3Auth team to protect affected users' assets. Related processing is still underway, and staking and locked assets may take longer to resolve due to their complexity. Additionally, users are reminded to only trust information published by Keplr and Web3Auth official accounts and to be wary of impersonation messages and links for asset recovery services.
JD Coin Chain Official Website Suspected of Going Offline, Currently Unaccessible
The JD Coin Chain official website is suspected of going offline and is currently inaccessible, with the specific time of inaccessibility not yet confirmed. According to information from Qichacha, the current business status of JD Coin Chain Technology (Hong Kong) Limited is "still registered." JD previously announced plans to issue a cryptocurrency stablecoin pegged to the Hong Kong dollar (HKD) at a 1:1 ratio, and JD Coin Chain was once a participant in the Hong Kong Monetary Authority's stablecoin issuance sandbox, but it was not included in the list of the first licensed stablecoin issuers.
The Compound Foundation announced on platform X that the USDC market deployed on Scroll is about to shut down, as Scroll has previously requested users to address their DeFi positions. Compound reminds users who still have loans to repay them promptly; all outstanding loans will face liquidation within the coming weeks.
Investment and Financing
NVIDIA-Backed Groq To Raise $8 Billion in Series B Financing
NVIDIA-backed AI data center operator Groq has issued invitations for Series B financing, seeking funding at an $8 billion pre-funding valuation. This fundraising signifies Groq's plan to more than double its valuation in about three months, amid pressure in the AI infrastructure industry; data center operators like CoreWeave and Nebius have recently seen their stock prices sold off, raising market concerns about the sustainability of large-scale leveraged construction of AI infrastructure. At the end of last year, NVIDIA attracted Groq's founder and CEO Jonathan Ross and other key staff through a $20 billion technology licensing deal. (Bloomberg)
Tether Plans to Invest €28.8 Million in Juventus to Participate in the Club's Capital Increase
The stablecoin issuer Tether, which holds approximately 11.5% of Juventus shares, will participate in Juventus' proposed €250 million capital increase plan, contributing €28.8 million according to its shareholding ratio. Tether voted in support of this capital increase proposal at the shareholders meeting on November 3, but abstained on other shareholder proposals, including the approval of the club's annual financial report showing a loss of €66 million. In December 2025, Tether made a binding non-invitation offer to acquire the entire stake in Juventus from its major shareholder Exor, which was rejected. Last November, Tether also participated in a €98 million capital increase for Juventus, contributing €11.7 million, but opposed the specific arrangements of the capital increase plan at that time. (Gazzetta)
Regulatory Trends
U.S. Senator Richard Blumenthal recently sent letters to Binance, Tether, World Liberty Financial, and Fight Fight Fight LLC, among other investigation subjects, requesting them to submit the required records and information by January 4, 2027, and warned that if they do not cooperate, the Senate Permanent Subcommittee on Investigations will seek other means to ensure compliance.
The Central Bank of Russia has finalized rules allowing trading platforms to offer Bitcoin, Ethereum, and USDT trades to retail investors, to be implemented on November 17. Non-qualified investors can purchase cryptocurrency worth up to 300,000 rubles per year through each intermediary, while qualified investors face no restrictions; all investors must pass compulsory testing before trading. Related services can be provided by brokerages, asset management institutions, and crypto trading service providers, with the Moscow Stock Exchange planning to start cryptocurrency trading on December 1. Direct person-to-person cryptocurrency transactions will be prohibited starting July 1, 2027.
The South Korean Financial Services Commission is coordinating inter-departmental disagreements on the government's draft of the "Basic Law on Digital Assets," aiming for release in November and expected to advance in the form of legislative proposals. Regulatory bodies are discussing setting a single shareholder holding cap of 15% to 20% on crypto trading platforms, with a transition period of 1 to 2 years for existing platforms; considering property rights issues, it may instead restrict only voting rights. The draft aims to change the admission system from a declaration system to a licensing system, with stablecoin issuance entities expected to take a bank-centered consortium form, and discussions on implementing no-fault liability for hacking incidents and systemic accidents, as well as listing failure to comply with actual holdings of crypto assets as grounds for suspension of business. South Korea's Vice Premier and Minister of Economy and Finance Lee Hyeong-eun stated on November 5 that he would negotiate with the National Assembly to postpone the originally planned cryptocurrency capital gains tax implementation scheduled for next year by two years. The ruling party advocates for prioritizing the formulation of this law, establishing a comprehensive regulatory framework, and allowing time for businesses and investors to adapt.
Cheng Ho-lam, Deputy Secretary for Financial Services and the Treasury of Hong Kong, revealed that in response to the global trend of strengthening digital asset tax regulation and combating cross-border tax evasion, cryptocurrency declarations will be implemented in the Hong Kong Special Administrative Region starting in 2027, which, by general understanding, will include commonly traded cryptocurrencies like Bitcoin, Ethereum, and Solana in the global market. To ensure the effective implementation of the cryptocurrency declaration framework, a series of arrangements will be launched, including mandatory registration of cryptocurrency service providers associated with declarations to the tax department and the requirement for these service providers to maintain due diligence records. A specialized team has been established to provide technical support and query responses to the industry. It is reported that the cryptocurrency industry is focused on at least two key areas: one is whether the tax department's relevant guidelines will extend to custodians, brokers, and over-the-counter trades; the other is the list of initial exchange partners, which is believed to directly determine which countries' tax authorities will be able to view trading data on Hong Kong platforms after 2028. (Caijing Magazine)
Voices
Vitalik posted on platform X that the valuation support from ETH burning is not a true bottom because the burning income primarily comes from internal uses within the crypto ecosystem; if ETH prices fall sharply, the payment ability of these uses will also decline. Vitalik stated that Ethereum now has better external revenue support due to the growth of the RWA economy, but such mature businesses are unlikely to produce scenarios where digital monkeys burn $180 million worth of ETH in a single day.
Cathie Wood: Still Optimistic About Bitcoin's Performance Relative to Gold
ARK Invest founder Cathie Wood remains optimistic about Bitcoin's performance compared to gold, despite Bitcoin's recent price weakness. She anticipates that Bitcoin will outperform gold in the future and believes that gold prices will trend downward. Data shows that since 2019, the correlation coefficient between Bitcoin and gold has been only 0.1, indicating that their price movements do not necessarily synchronize.
Tether CEO: USDT Contract Is Only About 300 Lines of Code, Serves Over 730 Million Users
Paolo Ardoino spoke at the 2026 Lugano Plan ₿ forum, stating that USDT is essentially a smart contract consisting of only about 300 lines of code, transforming the lives of hundreds of millions. Tether currently has over 730 million users, adding 30 million wallets quarterly, growing faster than most fintech companies; for ordinary people in economies with inflation rates as high as 100%, USDT provides a channel to hold dollars.
Crypto analyst Darkfost posted on platform X that as the crypto market weakens, the trading heat of tokenized gold products has rebounded against the trend, with gold-backed products on the Binance platform accumulating over $8 billion in trading volume since their launch; excluding the initial peak trading volume, the past seven days saw a record high trading volume exceeding $325 million, with a single day trading amount of $78 million on November 5.
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