Fireblocks, Solana, TON, Polygon, Stellar and other companies have jointly established a blockchain payment alliance with the aim of developing unified standards for cryptocurrency payments. （Cointelegraph）

[Trump Announces Support for Crypto Industry Development, JPMorgan Raises Bitcoin Target Price to $170,000] On November 7, U.S. President Trump stated at the 'American Business Forum' in Miami that the United States should fully embrace the crypto industry. He signed an executive order to 'end the federal government's war on crypto assets,' proposing to build the U.S. into a 'Bitcoin superpower' and a global crypto asset hub. JPMorgan released a report predicting that Bitcoin's price could reach approximately $170,000 within the next 6 to 12 months, citing that the leveraged market has completed its risk-off adjustments and that rising gold volatility makes Bitcoin more attractive on a risk-adjusted basis. The report noted that Bitcoin's current price is about $68,000 below its fair value, indicating significant upside potential. Meanwhile, Ark Invest founder Cathie Wood lowered her long-term Bitcoin forecast, suggesting that the growth of stablecoins might impact Bitcoin's function as a store of value. A VanEck report revealed that digital asset treasuries continued to net increase crypto holdings in October, with Q3 crypto lending volumes reaching $73.6 billion, nearly tripling compared to early 2024.

[Arthur Hayes: ZEC Becomes Maelstrom's Second Largest Liquid Holding] Arthur Hayes stated that due to the rapid price increase of ZEC, it has become the second largest liquid holding in the family office Maelstrom's portfolio, following BTC.

[Multiple Crypto Treasury Companies Facing Unrealized Loss Pressure] CryptoQuant posted on the X platform that treasury companies holding cryptocurrency assets are under significant pressure. Evernorth's XRP position has incurred an unrealized loss of $78 million within just 2.5 weeks; Strategy's stock price has dropped 53%, currently nearing the lower limit of the MSTR price range ($221) based on its Bitcoin holdings. Metaplanet holds 30.8 Bitcoins with an average purchase price of $106,000, facing an unrealized loss of approximately $120 million, with its stock price down about 80% from its all-time high. Additionally, since the market crash on October 10, Bitmine has added 442,000 Ethereum, but its ETH holdings are still facing an unrealized loss of approximately $2.1 billion.

[Boyaa Interactive Expects Profit for the First Nine Months of 2025 to Increase Over 100% Year-on-Year] Boyaa Interactive (00434.HK) anticipates that the profit attributable to company owners for the first nine months of 2025 will grow approximately 105% to 115% year-on-year, reaching about HK$234 million. This is primarily due to the increase in the fair value of digital assets compared to the same period in 2024. Excluding the impact of non-operational one-off factors such as changes in the fair value of financial assets like digital assets and equity investment partnerships, the profit is expected to decrease by approximately 30% to 35% year-on-year. The decline is attributed to factors including reduced bank deposits due to cryptocurrency purchases, lower deposit interest income, and increased income tax expenses.