US stock market: Today's market value increased by $1 trillion

[Tether Treasury Mints 1 Billion USDT on Ethereum Network] At 01:25 AM (UTC+8) on November 11, Tether Treasury minted 1 billion USDT on the Ethereum network, with the transaction monitored by Whale Alert.

The US Internal Revenue Service has issued new guidelines providing a clear path for exchange traded products (ETFs) and trusts to participate in digital asset pledging and receive rewards. （Cointelegraph）

[Gemini Releases First Earnings Report After Listing, Revenue Grows 52%] Gemini released its first quarterly earnings report after going public, with third-quarter revenue increasing 52% quarter-over-quarter to approximately $50 million. However, the company still recorded a net loss of $159.5 million, with adjusted EBITDA at negative $52.4 million. Following the earnings report, the stock price fell more than 11% in after-hours trading, dropping below $15, hitting a record low.

Coinbase's second layer network, Base, processed 15.4 million transactions on November 9th, setting a new record and becoming one of the busiest blockchains. （Cointelegraph）

Blockchains won't replace the traditional rails but will be integrated and work in tandem, the bank said in the report.