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According to The Block, TRM Labs has launched a custody service called Beacon Concierge, aimed at assisting law enforcement agencies in collaborating with cryptocurrency exchanges and stablecoin issuers to prevent and seize illegal cryptocurrency flows on any chain or asset.Beacon has over 200 members, covering 80% of cryptocurrency trading volume, with response times measured in minutes.

The Enforcement Directorate (ED) of India raided locations related to CoinDCX and Delta, accusing them of unauthorized cross-border transactions. CoinDCX stated that they are cooperating with the inquiry, have registered with FIU-IND, and are complying with foreign exchange management laws, with transactions and deposits being normal.

Lookonchain monitoring shows that a giant whale address transferred approximately 6,532 ETH to the deposit address of Galaxy Digital, worth about 13.62 million USD.

According to on-chain analyst Yu Jin's monitoring, Arthur Hayes transferred a total of 3 million USDC to the OTC trading platforms Flowdesk and Galaxy Digital about 10 minutes ago.Half a month ago, Hayes had liquidated various altcoins worth at least 49.25 million dollars and stated that he planned to wait for further price declines before buying again. Since then, the prices of the tokens he previously sold have dropped by about 15% to 30%. This recent transfer of USDC has sparked market speculation about his possible preparations to buy back in, but the specific use of the funds and buying plans have not yet been confirmed.

Binance co-founder He Yi posted that in recent days, the internet has been filled with scandalous rumors about Asian women and spies, and many female professionals in the industry have been passively drawn into various scandals, which makes her feel complicated. She believes that equality should be pursued, meaning that one should evaluate a person's achievements without regard to gender.She pointed out that opportunities for women in the workplace are not equal, and workplace harassment is also common. Female managers who can stand on their own often have to invest more time and effort than others.He Yi mentioned that accounts that create rumors by exploiting gender should be cleared from the industry. The legal department will provide legal protection for Binance's female employees, and she welcomes ambitious and down-to-earth women to join Binance, where the company will provide a fair and transparent workplace environment.

According to Bitcoin.com News, former White House cryptocurrency advisor Patrick Witt stated that President Trump still intends to purchase Bitcoin for the United States' strategic Bitcoin reserve, but public market purchases face serious legal issues. Witt mentioned in the What Bitcoin Did podcast that the president is interested in this, and there have been many discussions related to it. An executive order from March 2025 established the reserve, gathering Bitcoin seized by the government, and instructed the Treasury and Commerce Departments to seek "budget-neutral" acquisition strategies, but no such strategies have been made public, nor has any public market purchase been announced.Witt indicated that due to Congress controlling federal spending, the "legitimacy" of direct public market purchases is in doubt. He also noted that concerns over purchases prompted Congress to include provisions in the National Defense Authorization Act prohibiting such actions, and he is working to push for permission and authorization for it. Witt pointed out that making the reserve permanent is more difficult, as passing a standalone bill in a divided Congress would be extremely challenging, and without legislation, the reserve would rely on executive orders, which future presidents could revoke.

On-chain detective ZachXBT stated that the $16 billion in illegal transactions involving the cryptocurrency exchange MEXC, as pointed out by the U.S. Financial Crimes Enforcement Network (FinCEN), may be overstated. He noted that MEXC's past anti-money laundering and customer identification policies have been relatively lax, but he hopes to see relevant data, the proportion of suspected illegal transaction amounts to MEXC's total trading volume, and comparisons with other exchanges.ZachXBT also questioned why some offshore exchanges, which have almost no business in the U.S., quickly cut off channels for MEXC users to transfer assets, and who these measures are actually protecting.

In 2025, NVIDIA learned that Huang Le had been detained by the Singapore police and proactively inquired about the situation with senior officials at the U.S. Department of Commerce. A few weeks later, U.S. officials investigating its affiliated company Megaspeed for suspected chip smuggling began to face strict limitations, and by the end of the year, the Department of Commerce was instructed to cease its investigation.In late summer 2025, NVIDIA's General Counsel Tim Teter directly called U.S. Deputy Secretary of Commerce Jeffrey Kessler to ask whether the Bureau of Industry and Security (BIS) under his supervision was involved in the Singapore police's detention of Huang Le. At that time, Huang Le had already been questioned by the Singapore police and was restricted from leaving the country, while the U.S. Department of Commerce was also investigating whether Megaspeed had illegally transshipped NVIDIA AI chips. A few weeks after this call, BIS investigators received new instructions that any contact with NVIDIA must first go through Kessler or obtain his approval, and they were even prohibited from mentioning Megaspeed or its Malaysian subsidiary during external investigations.Teter later requested to meet directly with the investigators but was denied, subsequently stating that he had obtained Kessler's permission and did not understand why he was still being refused. Investigators were concerned that NVIDIA might influence the investigation through high-level connections, so they forwarded the emails to Kessler, who did not ask his subordinates to cooperate and only replied that they should strictly follow the regulations in handling the case. By the end of 2025, the U.S. Department of Justice requested the Department of Commerce to stop its investigation and take over the criminal investigation. Individuals involved in the investigation revealed that BIS had sufficient evidence to continue but was forced to halt its work, with some officials believing that the sudden transfer of the case was unusual. NVIDIA responded that contacting the Department of Commerce was to provide information, understand regulatory requirements, and assist in preventing illegal chip transshipment, and Teter was unaware of the extramarital affair between Jensen Huang and Huang Le when he intervened.

Cryptocurrency financial services company Galaxy Digital released its Q3 2026 financial report, showing a net profit of $323 million, reversing the $85 million loss from the previous quarter. Adjusted gross profit was $569 million, and adjusted EBITDA was $455 million. Among these, the adjusted EBITDA for treasury and corporate business was $395 million, the data center business was $69 million, and the digital asset business incurred a loss of $9 million.The trading volume of digital assets increased by 12% quarter-over-quarter, and the total scale of managed and staked assets grew by 46% to $10.4 billion. In terms of data centers, Phase I of Helios I has delivered all 133 MW of critical IT load to CoreWeave, and Phase II has secured full financing. The company completed a $3.5 billion issuance of senior secured notes, with the potential total power capacity of data center projects exceeding 5.7 GW.

The on-chain task and credential platform Galxe announced that it is integrating its team and brands into Gravity to accelerate the development and adoption of Gravity L1. After the integration, Galxe will gradually shut down Galxe Quest, Galxe ID, Galxe Passport, and related services. Gravity will operate normally, and the G token will not be affected.Starting today, new events can no longer be created in Spaces, and the new subscription services for Galxe+ and Galxe Score, as well as the minting function for Galxe Passport, will also be closed. December 5 will be the last day to participate in events, and December 15 will be the closure for claiming event rewards. At that time, the Galxe website will switch to read-only mode. User assets (including Smart Savings balance, unwithdrawn staked G tokens, and G tokens stored in the Gravity Alpha mainnet wallet) will remain secure, and the official will announce the claiming process separately.

Galaxy Research Director Alex Thorn stated that after Bitcoin closed above the 50-week moving average for seven consecutive weeks, it closed below that average this week. Historically, in two similar instances, it did not create new weekly closing lows in a bear market.

According to Catcher Predict monitoring, the predicted market on Polymarket for the "Bengals vs. Falcons" event shows that the "Over" option in the sub-market "2H O/U 16.5" has experienced a drastic fluctuation in win rate, dropping from 73% an hour ago to the current 50.5% (a fluctuation of 22.5%). Please note the impact of related breaking news.

On Friday, the Paris Criminal Court sentenced a Ukrainian man to 5 years in prison, including 2 years of actual imprisonment and 3 years of probation. The man was accused of illegally generating and stealing 1 billion Holograph (HLG) tokens, valued at approximately 14 million dollars at the time of the incident, by exploiting a security loophole in the company he previously worked for between May and August 2024.The court found that the man illegally issued 1 billion HLG tokens by tampering with the token generation conditions on the platform and transferred the tokens to a personal wallet. He then, along with two accomplices, dispersed the funds to multiple cryptocurrency exchange platform accounts. His two accomplices were sentenced to 2 years in prison (with 14 months probation) and fined 80,000 euros, as well as 2 years of probationary imprisonment and fined 40,000 euros.In addition, the court rejected the Holograph Foundation's request for compensation for the losses due to the token price crash, stating that the price of HLG had already fluctuated and dropped significantly before the incident, making it impossible to establish a direct causal relationship between the subsequent depreciation and the fraudulent act. After the incident, the price of HLG fell from nearly 0.03 dollars in May 2024 to 0.001 dollars by the end of December of the same year.

Onchain Lens monitoring shows that Fidelity has transferred approximately 27,000 ETH to Galaxy Digital, worth about 60.27 million USD.

According to a notice from the U.S. Department of the Treasury, as part of the "Economic Exile Action," FinCEN issued an order against the cryptocurrency exchange MEXC Global under Section 9714(a) of the Anti-Money Laundering Act concerning Russia, prohibiting U.S. financial institutions from conducting any fund transfers with it, thereby cutting off its access to the U.S. financial system. The order will take effect 30 days after its publication in the Federal Register.The Treasury stated that between May 2021 and May 2026, MEXC Global facilitated at least $16 billion in transactions related to sanctions evasion and cybercrime involving Iran, North Korea, and Russia, including approximately $22 million in transactions related to the Central Bank of Iran and the Quds Force of the Islamic Revolutionary Guard Corps, as well as nearly $1.5 billion in transactions related to sanctions evasion concerning Russia.

Galaxy Research Director Alex Thorn stated that after the Democratic Party won both houses of the U.S. Congress, significant progress in key digital asset legislation is still expected to be difficult, and the leadership of congressional committees will also change. He mentioned that Elizabeth Warren may become the chair of the Senate Banking Committee, while Maxine Waters is expected to regain control of the House Financial Services Committee.Several Republican lawmakers who support the crypto industry were defeated, but the pro-crypto camp did not suffer a complete loss. According to Stand With Crypto, 19 pro-crypto senators and 226 pro-crypto representatives have been elected. Tracking by Molly White shows that in 12 highly competitive elections, the side supported by crypto and AI political action committees lost 9, but won all in the safer 40 elections.Reports indicate that House Democrats are discussing expanding Waters' previously proposed "Crypto Investor Consumer Rights Act" into a broader crypto market structure bill. Thorn reiterated that no substantial progress is expected in Congress on key digital asset legislation. In the absence of legislation, the SEC, CFTC, and banking regulators have clarified crypto rules within their existing statutory authority, and the Trump administration still has two years to continue advancing related work.

According to the official announcement, Samsung Wallet will integrate the Sui network and is expected to officially launch the USDC wallet feature in November 2026, initially available to eligible Galaxy users in the United States, potentially covering about 82 million compatible devices.This integration will combine Sui's gas-free stablecoin transfer capability, allowing users to complete USDC transfers through Samsung Wallet without the need to install an additional crypto wallet or hold SUI, and will expand the cross-border transfer and daily payment scenarios for Sui stablecoins.

Galaxy Digital, a cryptocurrency financial services company, CEO Mike Novogratz stated that there is a significant disconnect between GLXY's current stock price and the company's assessed value. Therefore, starting today, he will buy more shares and claims to make a substantial bet on the company.He acknowledged that the blue wave brought by the Democratic victory in the United States has put pressure on companies like Galaxy, but politics should not be confused with long-term fundamentals. He believes that the migration of finance to on-chain and the explosion of AI demand represent a generational shift that transcends government changes and market cycles.Novogratz also mentioned that Galaxy has delivered the first phase of the Helios project in Texas as planned, with an 800-megawatt capacity leased through long-term contracts. The company will continue to collaborate with local legislators, communities, and the new government.