[Samourai Wallet Co-Founder Sentenced to Five Years for Unlicensed Money Transmission] The U.S. Federal Court in New York has sentenced Keonne Rodriguez, co-founder of the cryptocurrency mixing tool Samourai Wallet, to five years in prison on charges of conspiracy to operate an unlicensed money transmission business. Rodriguez had previously reached a plea agreement with prosecutors and agreed to jointly pay a total of $237 million in assets and a $400,000 fine with another co-founder. The case involved the use of mixing services to launder money for darknet transactions and fraudulent funds. This sentencing highlights the ongoing efforts by regulators to crack down on illegal activities in the cryptocurrency space.

[Four Consecutive Short Positions on BTC by Whale Yield $12.99 Million in Unrealized Profit] On-chain analysis shows that since March 2025, a whale who has consecutively shorted BTC four times increased their positions multiple times between October 24 and 28. They currently hold 1,231.98 BTC short positions, valued at $124 million, with an average entry price of $111,499.3. The current unrealized profit stands at $12.99 million.

[SBF Claims FTX Has Always Been Solvent, Debtors Still Withholding Funds] On November 7, FTX founder SBF retweeted a post mocking the bankruptcy management process of FTX and stated that FTX has always been solvent and has never been insolvent—whether before the bankruptcy filing, on the filing date, or after the filing. He pointed out that FTX debtors are still withholding funds, an issue that deserves more attention. Additionally, on November 5, SBF stated he would appeal to overturn his 25-year sentence, claiming the FTX case was 'prejudged as guilty' and insisting that he had no intention of defrauding customers, believing that user funds would be fully repaid. On November 6, SBF's lawyer argued in the New York Court of Appeals that his fraud trial was fundamentally unfair and attempted to overturn the related conviction. Note: The above content was posted by a friend with access to SBF's account.

[Tether Holds 87,000 BTC, Unrealized Profit of $4.549 Billion] On-chain data shows that Tether's current BTC reserve address holds 87,296 BTC, valued at approximately $8.84 billion, making it the sixth-largest BTC wallet. These BTC have been purchased by Tether since 2023 using 15% of the company's profits, with an average purchase price of around $49,121. Currently, Tether's BTC reserves have an unrealized profit of approximately $4.549 billion. Previously, Tether only withdrew the BTC purchased during the quarter from Bitfinex on the last day of each quarter.

[Elixir Has Processed 80% of deUSD Redemptions, Claim Page to Go Live Today] On November 7, the DeFi liquidity protocol Elixir announced that it has successfully processed 80% of deUSD holder redemptions (excluding Stream) over the past 48 hours. Currently, Stream holds approximately 90% of the deUSD supply (around $75 million), and a similar proportion of the remaining collateral assets held by Elixir exists in the form of Morpho loans to Stream. All remaining deUSD and sdeUSD holders will redeem at a $1 pegged value, with relevant balances already snapshotted. Later today, Elixir will launch a claim page where holders can claim USDC. Additionally, the minting/redemption infrastructure has been shut down, and deUSD will be gradually phased out. Elixir will collaborate with Euler, Morpho, Compound, and others to facilitate the repayment and allocation of Stream loans to liquidate related positions.