[A Whale Withdraws 100 BTC from Binance After 2 Months of Inactivity] On November 12, according to Onchain Lens monitoring, a whale withdrew 100 BTC worth $10.32 million from Binance after 2 months of inactivity. Currently, this whale holds 300 BTC with a total value of $31 million, incurring an unrealized loss of $2.4 million.

[Trader Eugene: Uniswap Activating Fee Switch is a Positive Development for the DeFi Industry] On November 12, trader Eugene Ng Ah Sio stated that discussions surrounding Uniswap's activation of the fee switch exhibit a 'missing the forest for the trees' phenomenon. He believes that pro-crypto regulatory frameworks are reshaping value accumulation strategies at the protocol level, which benefits token holders and sets a precedent for the DeFi industry. He also pointed out that as insider selling gradually comes to an end, market participants will be able to evaluate protocols more reliably based on fundamentals, and the crypto market may exhibit more characteristics of traditional stock markets in the future.

[Number of Ethereum Validators Drops to April 2024 Levels] The number of Ethereum validators has decreased by approximately 10% since July, falling back to April 2024 levels. This marks the first sustained decline in validators since Ethereum transitioned to the Proof-of-Stake mechanism. As of November 11, the daily active number of Ethereum validators fell below 1 million for the first time since April 28, reaching 999,203. The exit queue waiting time hit a record high of 17.6 days, while the waiting time to join as a validator rose to 22 days. Approximately 1.2 million ETH are waiting to be staked, which may be related to the decline in staking rewards.

[Bitdeer Ohio Mining Farm Fire Causes Two Buildings to Collapse, No Casualties] On November 12, Bitdeer Chairman Jihan Wu confirmed that a fire occurred at the company's newly built mining farm in Ohio, causing two of the 26 buildings to collapse. No casualties were reported. Currently, the senior management team has arrived at the site and will conduct an investigation.

[Crypto KOL's $1 Million MegaETH Token Allocation Revoked for Violating Lock-Up Rules] Crypto KOL IcoBeast had their $1 million MegaETH token allocation revoked after publicly stating their intention to hedge their MegaETH token distribution, which violated the rules associated with the one-year lock-up period. MegaETH Chief Strategy Officer Namik Muduroglu posted on X, emphasizing that participants in the MegaETH sale who lock up their tokens for one year must adhere to the following rules: tokens cannot be resold or transferred, and no transfers, resales, or hedging transactions that violate applicable laws are allowed. Muduroglu stressed that the token sale was oversubscribed by 28 times, and allocating tokens to participants planning to sell immediately is meaningless. Priority will be given to investors willing to hold the tokens.

[Plasma to Transfer Custody of XPL Tokens to Anchorage Within 48 Hours] Stablecoin infrastructure project Plasma announced that it will transfer XPL tokens to Anchorage, a federally chartered crypto bank in the United States, within 48 hours to complete the custody transition. All tokens will continue to follow the established unlocking schedule.

[Bitwise CIO: Market Underestimates Probability of Crypto Market Structure Legislation Passing] On November 12, Bitwise Chief Investment Officer Matt Hougan stated that the market is underestimating the probability of successful passage of crypto market structure legislation. He believes the likelihood of the CLARITY Act passing is relatively high. Currently, cryptocurrencies are receiving bipartisan support, crypto lobbying funds have reached historic highs, and the government is also fulfilling its commitments to the crypto industry.

[U.S. Solana Spot ETF Records $7.98 Million Net Inflow in a Single Day, 11 Consecutive Days of Net Inflows] On November 11 (Eastern Time), the U.S. Solana Spot ETF recorded a total single-day net inflow of $7.98 million. The Bitwise Solana Spot ETF (BSOL) saw a single-day net inflow of $2.05 million, with cumulative net inflows reaching $332 million; the Grayscale Solana Spot ETF (GSOL) recorded a single-day net inflow of $5.93 million, with cumulative net inflows totaling $18.72 million. As of the time of publication, the total net asset value of Solana Spot ETFs stands at $568 million, with Solana's net asset ratio at 0.64%, and historical cumulative net inflows amounting to $350 million.

[Matrixport: Bitcoin May Have Entered a Minor Bear Market Phase] Matrixport stated that cryptocurrency trading volume remains weak relative to market size. Over the past 12 months, the total market capitalization has dropped from $3.7 trillion to $2.4 trillion, while daily trading volume has decreased from $352 billion to $178 billion, a 50% decline. This divergence may reflect limited market participation and weakened upward momentum. Based on recent on-chain indicators, Bitcoin may have entered a minor bear market phase. Although there are potential catalysts, the ability to drive a sustained upward trend remains uncertain. Additionally, in a low-liquidity environment, reported trading activity and fee revenue on exchanges remain sluggish.

Former White House cryptocurrency advisor Bo Hines stated that children should be educated to 'never sell Bitcoin'. （Cointelegraph）

[Whale Increases Holdings by 121,000 TRUMP, Total Position Value Approximately $1.81 Million] Monitoring data shows that 50 minutes ago, whale address Hm8po increased its holdings by 121,000 TRUMP from the Bybit platform, valued at approximately $951,000. Currently, the address holds a total of 233,500 TRUMP, with a total value of approximately $1.81 million and an average entry price of around $7.08.

[Pump.fun has cumulatively repurchased approximately $173.7 million worth of PUMP tokens] According to fees.pump.fun data, Pump.fun spent 9,214.98 SOL (approximately $1.544 million) yesterday to repurchase 339.3 million PUMP tokens. Since the repurchase of PUMP began on July 15, a total of approximately $173.7 million worth of PUMP tokens has been repurchased, reducing the total circulating supply by 10.928%.

[PEPE Whale Purchases 8.41 Million ASTER Tokens, Floating Profit of $1.1 Million] According to Lookonchain data, the PEPE whale 'ThisWillMakeYouLoveAgain,' who has earned over $36 million in profits, purchased 8.41 million ASTER tokens at an average price of $0.97 per token starting from November 4, with a total value of approximately $8.14 million. The current floating profit stands at $1.1 million.

[Lighter's 24-hour trading volume reaches $11 billion, topping the Perp DEX rankings] DefiLlama data shows that Lighter's 24-hour trading volume has surpassed $11 billion, ranking first among Perp DEXs. Hyperliquid and Aster ranked second and third with $9.1 billion and $8 billion, respectively. Lighter previously announced the completion of a $68 million funding round, led by Founders Fund and others.

[Upbit to Suspend KRW Account Registration and Cancellation Services on November 19] Due to system maintenance by the ARS authentication service provider, Upbit will suspend KRW account registration and cancellation services from 00:00 to 00:10 (UTC+8) on November 19, 2025, for approximately 10 minutes. During the maintenance period, registration and cancellation of KakaoBank real-name deposit and withdrawal accounts will be unavailable, while other services will remain unaffected. Services will automatically resume upon completion, with no further notice required.

After two weeks of heavy redemptions, U.S.-listed spot Bitcoin ETFs turned positive again, led by Fidelity and Ark, even as global fund flows remain uneven.

BBX News: Yesterday, global listed companies' encryption configurations focused on the payment track and value storage: -Payment Ecology Update: VCI Global (NASDAQ: VCIG) announces acquisition of $100 million OOB tokens and appointment as ecological treasury manager, making Tether its largest shareholder -Stable accumulation of BTC: Falconedge, a UK listed company, increased its holdings of 4.11 BTC (with an average price of $102164), bringing its total holdings to 19.275 BTC Institutions disclosed investments exceeding $100 million in a single day, and the payment track is advancing in sync with Bitcoin allocation. Source: bbx.com

[Lawyer Supporting XRP, John Deaton, Announces Candidacy for 2026 U.S. Senate Seat] Lawyer supporting XRP, John Deaton, has announced his candidacy for the 2026 U.S. Senate seat. He previously lost to Elizabeth Warren in the 2024 election.

[Internal Fed Divisions Over December Rate Cut Intensify] Nick Timiraos, known as the 'Fed's mouthpiece,' stated that internal divisions within the Federal Reserve over a potential rate cut in December have intensified. Such a level of disagreement is almost unprecedented during Fed Chair Jerome Powell's nearly eight-year tenure. Officials are debating which poses a greater threat—inflation or a sluggish labor market—and even the restoration of official economic data has struggled to bridge the divide. Although investors believe a rate cut at the Fed's next meeting is likely, the divisions have complicated the planning process.

[Arthur Hayes Plans to Increase Investment in ZEC in the $300-$350 Price Range] BitMEX co-founder Arthur Hayes stated that the current ZEC investment is slightly below the target allocation. If the ZEC price drops to the $300-$350 range, he will consider increasing his investment.