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U.S. federal regulators are opening more channels for cryptocurrency companies to operate under U.S. rules, while congressional investigators are requesting to review the records behind relevant approval decisions. Lawmakers want to understand how regulators justify the issuance of new trust licenses, how cryptocurrency companies handle compliance issues, and what interactions exist between them and personnel associated with the Trump administration.On November 9, Coinbase announced that its national trust company received final approval to open. The Office of the Comptroller of the Currency had granted preliminary conditional approval in April. Coinbase stated that this license provides a unified federal regulatory framework for its custody business. Lawmakers have previously questioned how federal regulators are using existing powers to expand the business scope of cryptocurrency companies. Senator Elizabeth Warren, in a letter to the Office of the Comptroller of the Currency on May 18, questioned the approval of at least nine cryptocurrency trust licenses, including Coinbase's prior conditional approval, and requested the application documents, the legal analysis behind the approvals, and relevant communications between regulatory officials and the White House or the Trump family.Four days before Coinbase announced the above news, Senator Richard Blumenthal again requested Binance, Tether, and two companies associated with Trump to submit records, setting a voluntary submission deadline of January 4, 2027, while warning that his subcommittee may take other measures to obtain these records.

According to Catcher Predict monitoring, in the market prediction event "NVIDIA's Next CEO" on Polymarket, the "Yes" option for the sub-market "Rene Haas" has experienced significant fluctuations, soaring from 12.85% an hour ago to the current 32.9% (a fluctuation of 20.05%). Please note the impact of related breaking news.

According to the Financial Times, Nvidia has approached Arm CEO Rene Haas in the process of searching for a successor to the CEO position.

According to Bitcoin Magazine, Robinhood announced its operational data for October, with nominal trading volume in crypto assets at $17 billion, a decrease of 21% month-over-month and a decrease of 48% year-over-year, compared to $32.5 billion in the same period last year.This data covers both the main Robinhood app and the crypto exchange Bitstamp, acquired in 2025. The trading volume on the Robinhood app fell to $6.8 billion, down 24% month-over-month and down 51% year-over-year; Bitstamp recorded $10.2 billion in transactions, down 18% month-over-month and down 45% year-over-year. The average daily crypto trading volume across both platforms was $548 million, lower than September's $713 million and last year's approximately $1.05 billion; the average daily transaction count was about 700,000, compared to 900,000 in September and 1.1 million in October last year.In contrast to the crypto business, the prediction market saw growth. In October, users completed 5.9 billion event contracts, an increase of 5% month-over-month and an increase of 136% year-over-year, compared to 2.5 billion contracts in the same period last year, with an average daily transaction of 190 million contracts. Robinhood aggregates crypto and prediction market statistics over a 31-day calendar, allowing users to bet on outcomes related to elections, sports, and economic data.During the same period, nominal stock trading volume increased by 2% year-over-year to $325 billion, with options contracts totaling 289 million, an increase of 8% year-over-year; margin balances were $22.9 billion, an increase of 39% year-over-year. The number of funded customers increased by about 130,000 to 2.89 million, with net deposits of $15.1 billion, and total assets on the platform were $383 billion, down 3% month-over-month and up 12% year-over-year.The decline in crypto trading volume coincides with a general retreat of retail investors. Bitcoin closed at about $83,500 at the end of September and has continued to decline, dropping below $70,000 for the first time since August on Friday morning, following a higher-than-expected inflation report that raised market bets on a Federal Reserve rate hike in December. The U.S. spot Bitcoin ETF saw net outflows for the sixth consecutive trading day on Thursday, with the largest, BlackRock's IBIT, experiencing outflows of about $2 billion over the nine trading days ending Wednesday, erasing all net inflows for the spot Bitcoin ETF in 2026.Robinhood did not specify the reasons for the decline in crypto trading volume; this monthly data is unaudited and preliminary. The company obtained a license in Dubai in October and will offer Bitcoin and stock trading in the Middle East starting in 2027; during the month, cash and deposit balances fell by 20% to $16.4 billion, which the company attributed mainly to customers being net buyers, a decline that has largely reversed by early November.

Bitcoin News posted on the X platform that NiceHash has launched a virtual mining service, allowing users to rent actual mining power using USDT and earn BTC, without the need to own ASIC miners or bear electricity and maintenance costs.Users can choose from different power packages and connect their power to the NiceHash mining pool or a pool of their choice.

According to Bloomberg, Kraken's parent company Payward reported an adjusted EBITDA of $60 million for the third quarter, a 67% year-over-year decline, but a 163% increase compared to the second quarter. The platform's total revenue was $487 million, a 12% year-over-year decline, but a 12% increase quarter-over-quarter; the platform's total trading volume decreased by 30% year-over-year to $353 billion.While trading volume declined, the number of funded accounts at Payward increased by 37% year-over-year to 7.1 million, defined as accounts with a balance greater than zero. Bitcoin surged about 40% from mid-August to early October, but subsequently fell again due to concerns about inflation and the impact of the U.S. midterm elections on the industry. Trading fees are a major source of revenue for many cryptocurrency trading platforms, and falling coin prices often suppress trading activity.To broaden its revenue sources, Payward is expanding its stock tokenization business and plans to offer on-chain perpetual contracts to U.S. customers after obtaining regulatory approval. The company reached an agreement to acquire Saldo Bank in October; Kraken also plans to enter the UAE market after receiving full approval from Dubai regulators. The shareholder letter also disclosed that Payward plans to enter the prediction market and issue its own token, but no timeline was provided.Earlier this year, Payward laid off about 150 employees under the pretext of using AI to improve efficiency. According to previous reports from Bloomberg, its IPO may not occur until 2027. The performance of other exchanges has also shown divergence: Gemini's revenue in the third quarter decreased by 19% year-over-year, but losses narrowed; Coinbase's revenue decreased by 35% year-over-year, but it returned to profitability.

According to Cointelegraph, Israeli police arrested five people on Tuesday in a money laundering investigation involving approximately 16 million shekels (about 5 million USD). The related cryptocurrency transactions were arranged through a WhatsApp group.Investigators from the Lahav 433 Economic Crimes Unit suspect that the gang provided cryptocurrency services without a license and did not report transactions to the Israeli tax authorities. Police stated that the gang used fictitious agreements to make the cryptocurrency profits deposited into bank accounts appear as loans.Authorities seized wallets, computers, and tens of thousands of shekels in cash during searches of the suspects' residences. Investigators questioned the five individuals on suspicion of money laundering, fraud, and providing financial asset services without a license.

a16z recently released a comprehensive overview of the Agent economy. a16z partners Olivia Moore and Justine Moore pointed out in the accompanying article that as AI Agents begin to select products, subscribe to services, and complete purchases for users, the infrastructure for payments, identity verification, and anti-fraud will face new demands.The "Payments and Checkout" section of the map includes crypto-related projects such as Kite, Crossmint, Privy, Turnkey, and Catena Labs, covering stablecoin payments, wallets, and expense management. Among the aforementioned projects, Kite is currently the only one that has issued a tradable native token.

According to the official announcement, Binance will announce the adjustment plan for the ANTHROPICUSDT U-based Pre-IPO perpetual contract before the official listing of Anthropic, with specific adjustment time and details to be announced separately. Before the new announcement is released, the contract will still use an estimated 1 billion shares as the pricing benchmark.According to the S-1/A-2 document submitted by Anthropic, the expected number of shares will be adjusted to 13,116,075,288 shares. The underlying asset of the ANTHROPICUSDT Pre-IPO perpetual contract is the price of 1 share of common stock of "Anthropic, PBC" (hereinafter referred to as "Anthropic"). The calculation benchmark for the number of shares is based on the number of common shares that have been issued and are outstanding.Unexercised options, unsettled restricted stock units (RSUs), convertible securities that have not yet been converted into common stock, shares that can be issued under the underwriters' over-allotment option, and shares reserved for future issuance under equity incentive plans (not yet granted) do not belong to common stock and are therefore not included.

Gerber Kawasaki CEO Ross Gerber stated during an interview on the BBC's Today program on Friday that he disagrees with U.S. President Trump's suggestion that Apple Chairman and former CEO Tim Cook should take over as CEO of Nvidia. Gerber said that Cook is "someone who has actually missed the opportunity for Apple in artificial intelligence," and added, "I'm not even sure he knows what artificial intelligence is, but that's not someone I want leading Nvidia." Gerber Kawasaki has invested in Nvidia for over 15 years.Nvidia co-founder Jensen Huang, 63, resigned from the CEO position of the approximately $4 trillion chip company on Thursday. Reports indicate that Huang has had at least three extramarital affairs, one of whom is believed by U.S. intelligence agencies to be a Chinese spy. Nvidia's stock price fell by about 13% in early trading on Thursday, but rebounded after the company announced his departure and that Chief Financial Officer Colette Kress would serve as interim CEO. Trump posted on Truth Social that there is "only one person" to succeed Huang, naming Tim Cook and writing, "A legend replaces a legend."Gerber stated that Nvidia would be better off selecting someone from within who has long worked with the management team, believing that Colette Kress as interim CEO is a suitable choice, and that the board should also consider other leaders within the company, as he prefers internal promotions. He described Huang as his business idol and expressed that seeing him leave in this manner is "frustrating and disappointing," believing that Huang fell into the myth of the "superstar CEO." Gerber also mentioned that Nvidia's business looks fundamentally the same without Huang, just lacking a spokesperson and salesperson for the media and customers, and he does not believe anyone will cancel their Nvidia chip orders, stating that Kress is a suitable candidate for the transition period.

According to Digital Asset, the Goyang branch of the Korean District Court has ruled on a fraudulent cryptocurrency investment case involving approximately 501 million Korean won (about 375,000 USD). The court found that the money laundering individuals violated the "Virtual Asset User Protection Act" and other laws, sentencing them to two years and six months in prison.The report states that this is the first time in South Korea that a court has made a guilty verdict based on this law in a case that was not referred by the financial regulatory agency. The fraud group lured 14 victims into purchasing non-existent unlisted tokens through a fake investment website, claiming that profits could be made once the tokens were listed, defrauding the victims of the related funds. The case was initially ruled in July of this year, and the appeal was dismissed in October, with the judgment now in effect.

Investment firm Compound Managing Partner Michael Dempsey stated in an interview with Empire on October 13 that crypto venture capital has nearly stagnated over the past two years. He noted that compared to 2021, when a large number of tech entrepreneurs turned to the crypto industry, the entire tech sector is now attracted by AI, and fewer people are willing to engage in crypto entrepreneurship.Dempsey believes the industry needs to address talent loss and token incentive issues. While tokenization has its benefits, it is not conducive to long-term incentives. Regarding investment opportunities, he pointed out that some tokens that have been distributed are beginning to show real value, and analysis can be conducted based on fundamentals rather than just narratives. In contrast, in the primary market, aside from new perpetual contract DEX projects, there are not many entrepreneurs willing to explore new directions.

According to Dow Jones, citing informed sources, Kimi's large model developer Moonshot AI is considering an IPO in Hong Kong in early 2027. The report states that Moonshot AI is dismantling its overseas holding structure to pave the way for the listing.Previously, Bloomberg reported that Moonshot AI had completed its final round of private financing, with a valuation of approximately $50 billion, and is considering raising up to $5 billion in the IPO, having secretly submitted a listing application to the Hong Kong Stock Exchange. Moonshot AI previously responded to the media by stating that it does not comment on market rumors or speculation.

The Indian cryptocurrency exchange Unocoin has released an update on the event investigation, stating that it has received the necessary information and explanations from the custodian service provider BitGo. BitGo has frozen its corporate account as requested by Unocoin on November 6, and it is currently confirmed that the freeze measures are in effect as expected.Unocoin stated that the transactions in question were not executed through the BitGo platform, but were completed externally with direct signing and broadcasting to the blockchain network. Preliminary investigations indicate that the BitGo multi-signature wallet, originally intended as a backup mechanism to ensure user asset access when the service provider is unable to provide services, may have been exploited.

RootData launches tokenized asset analysis features, presenting the specific performance of the platform's tokenized business around dimensions such as internal trading, transactions of self-issued products in covered trading venues, contributions from top assets, and on-chain activities. It also provides AI interpretations by sector to help users understand data changes and the underlying trading structures.Users can view relevant data in the "Tokenized Assets" section of the exchange details page, identifying the main assets driving overall trading increases or decreases through comparisons of transactions over different time periods, Top 5 asset performance, and changes in trading volume. They can observe transaction concentration and trading distribution. Additionally, by combining on-chain holding addresses, active addresses, and other indicators, users can understand changes in holdings and activities beyond just trading heat.

According to on-chain analysts' monitoring, address 0x4ce...ee4a7 has withdrawn a total of 25,498.47 ETH (60.74 million USD) from Binance since September 21, with an average withdrawal price of 2382.26 USD, currently facing an unrealized loss of 11.342 million USD.The previous profit of over 3.66 million USD generated from low buying and high selling has been completely given back.

The Thai payment application WORPT allows foreign tourists to exchange cryptocurrency for Thai Baht and spend it in stores and restaurants by scanning commonly used local payment barcodes, without the need to open a Thai bank account. The application was developed by Wipay Co and Waan Exchange Co and operates under the TouristDigiPay regulatory pilot launched by the Thai Securities and Exchange Commission.Wipay founder Pavin Jittiwongsamarn stated that the target users of WORPT are cryptocurrency holders from South Korea, Japan, the Middle East, and Southeast Asia. The company expects to reach 200,000 users in the first year and anticipates driving 15 billion Baht (approximately 440 million USD) in spending during the 18-month pilot period. The number of foreign tourists entering Thailand is facing a decline for the second consecutive year, and international tourism revenue is also decreasing.

On November 12, Gate founder and CEO Dr. Han was invited to speak at the Oxford Union, delivering a keynote speech titled "Start Alone," reflecting on his 13 years of entrepreneurial journey since founding Gate alone in 2013. He shared experiences and thoughts on entrepreneurial resilience, rapid innovation, team building, and opportunities for entrepreneurship in the AI era.Dr. Han stated that the founding of Gate stemmed from his early experiences of losses incurred through trading on online forums. To create a more trustworthy digital asset trading platform, he started his business alone without external venture capital support. Since then, Gate has experienced multiple industry fluctuations and significant business challenges, gradually growing through continuous innovation and adjustments. He emphasized that maintaining a strong long-term belief, quickly seizing new opportunities, and continuously improving innovation and execution efficiency are crucial factors for companies to face challenges and achieve long-term development.Regarding the AI era, Dr. Han proposed the "Boss + AI" model, pointing out that AI can significantly enhance information acquisition, knowledge learning, and daily work efficiency, empowering individual entrepreneurs with stronger execution capabilities. At the same time, he emphasized that "Start Alone" does not mean always going it alone; entrepreneurs must have the courage to take the first step independently while also seeking suitable partners and team members during the development process. Through this keynote speech at the Oxford Union, Dr. Han brought Gate's 13 years of entrepreneurial journey into a broader industry discussion and, drawing from years of personal practice, provided insights and inspiration for a new generation of entrepreneurs.