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According to The Block, the DeFi Education Fund, Paradigm, Uniswap, and a16z led the submission of an amicus brief supporting the legal challenge by the crypto industry against Illinois' Digital Asset Tax Act. Aave Labs, Chainlink Labs, Figment, Phantom, Hyperliquid Policy Center, Solana Policy Institute, Stand With Crypto, and others co-signed the brief.The brief argues that the law is overly broad, imposes unfavorable tax treatment on transactions involving blockchain technology, and fails to clearly distinguish between taxable digital asset businesses and software and network infrastructure that help users trade independently. It is estimated that 2.64 million residents in Illinois hold digital assets, ranking fifth in the nation.The law was signed by Illinois Governor JB Pritzker in June 2026, imposing a 0.2% tax on digital asset transactions, originally set to take effect in January 2027 but postponed to July 2027. The Blockchain Association, Crypto Council for Innovation, and The Digital Chamber had previously sued Illinois over this matter.

Bitcoin Treasuries posted on platform X that JPMorgan disclosed an increase in holdings of Strategy by 224,545 shares, with a transaction amount of 25.5 million USD.After the increase, JPMorgan holds a total of 848,932 shares of Strategy, valued at 97.1 million USD, with a 36% increase in holdings.

According to Bitcoin News monitoring, Coinkite CEO Rodolfo Novak (NVK) stated that a new AI model discovered a Coldcard vulnerability that was missed by human reviewers, which Bitcoin developers have disputed. This vulnerability exists in firmware versions 4.1 and later, allowing bypassing of the hardware random number generator.Between July 30 and August 4, over 5,200 addresses lost approximately 1,816 BTC, worth about $116 million. NVK mentioned that there had been at least 15 prior reviews. James O'Beirne stated that he privately pointed out issues with Coldcard's random number generation back in May 2025. Firmware updates can fix issues for new devices, but cannot fix old mnemonic phrases; affected users need to generate new mnemonic phrases.

According to CNBC, OpenAI raised 15 billion dollars, and the company's valuation reached 1.25 trillion dollars.

According to on-chain analyst Yu Jin's monitoring, a certain whale's long positions in BTC and ETH worth $493 million opened at the end of August have all been liquidated. One hour ago, the last long position worth $80.12 million was liquidated.This whale opened the position with a principal of $69.21 million and currently has $620,000 remaining, resulting in a loss of $68.59 million. At the time of opening, this whale went long on 1543.87 BTC and 115,470 ETH, with the BTC opening price at approximately $82,205 and the ETH opening price at approximately $2,604.The related addresses are a certain whale (0x6046...b21d), a certain whale (0x77dd...e0e9), a certain whale (0x0392...7d9), and a certain whale (0x799f...5f4c).

Bitcoin News posted on platform X that Trezor confirmed that three Safe 5 devices sold by CryptoBilis contained malicious implants that could steal recovery phrases and password phrases. The implants intercept screen data and send it to servers controlled by attackers via mobile networks.Trezor stated that the released firmware 2.13.1 can disable the discovered implants, and its dealer network has been reduced by about 80%; currently, no customers have reported stolen funds. Customers who purchased devices through CryptoBilis starting in March 2026 can apply for replacements, and affected users should still transfer their funds to wallets using a brand new recovery seed, as firmware updates cannot eliminate previously leaked information.

ChainCatcher reports, according to RootData market data, US stocks intraday chip stocks down: NVDA.O down 13.1%, MRVL.O down 7.5%, ARM.O down 6.3%, MU.O down 5.3%, INTC.O down 4.9%, AMAT.O down 4.4%, TSM.N down 3.6%, KLAC.O down 3.1%, LRCX.O down 2.9%, ASML.O down 2.2%.

NVIDIA's board of directors announced today that co-founder Jensen Huang has resigned from his positions as President, Chief Executive Officer, and Director, effective immediately. The company's current Executive Vice President and Chief Financial Officer Colette Kress will serve as interim CEO while continuing to manage the company as CFO. The board has initiated the selection process for a new CEO, considering both internal and external candidates.The 58-year-old Kress joined NVIDIA in September 2013 and has been with the company for over 13 years, being one of the core management members who accompanied NVIDIA's growth from a graphics chip manufacturer to a global AI chip giant. During her tenure, NVIDIA's annual revenue grew from approximately $4.1 billion in fiscal year 2013 to $21.59 billion in fiscal year 2026.Before joining NVIDIA, Kress worked at Cisco for 3 years and spent 13 years at Microsoft, where she served as the financial leader of the Server and Tools division, and also worked at Texas Instruments for 8 years. She has long been responsible for NVIDIA's financial strategy, capital allocation, performance disclosure, and investor relations, serving as an important representative for the company in communications with Wall Street, and has participated in the company's quarterly earnings call multiple times.

According to monitoring by Lookonchain, after the news of Jensen Huang stepping down as CEO of Nvidia was announced, a trader's long position in NVDA contracts was completely liquidated, involving 9,959 units, worth approximately 1.54 million dollars.

According to Gate market data, BTC/USDT is currently priced at $71999.3, with a 24-hour decline of 2.23%.

According to monitoring by Lookonchain, a giant whale address holds 60,000 units of NVDA perpetual contract long positions, valued at approximately 9.35 million dollars, and has placed limit orders to buy an additional 20,000 units in the price range of 150.24 to 154.20 dollars, with an order value of about 3.04 million dollars.The accompanying image shows that the entry price for the NVDA long position at this address is 159.19 dollars, using 20 times full leverage; this address also holds long positions in MU perpetual contracts valued at approximately 30.69 million dollars.

According to PR Newswire, Deloitte announced the launch of the enterprise AI company Edisyl, which was established after Deloitte completed the acquisition of the on-chain data platform Flipside Crypto's AI business in July 2026. The 24-person operations team from Flipside has all joined Edisyl, with former Flipside CEO Dave Balter serving as co-founder.Flipside's crypto data business has been sold separately to Sonaverse.

According to Gate market data, the pre-market decline of the US stock Nebius (NBIS.O) has widened to 20%.

According to The Block, the stablecoin SoFiUSD issued by the licensed American bank SoFi has been launched on the Polygon Open Money Stack.SoFi users can buy, sell, hold, and exchange SoFiUSD on Polygon through the SoFi App without the need for a separate wallet or manual cross-chain transactions. SoFiUSD is issued by SoFi Bank, a national bank regulated by the Office of the Comptroller of the Currency (OCC), and can be redeemed for US dollars at a 1:1 ratio.

Bitcoin News posted on the X platform that residents of Miami-Dade County can now pay property taxes online or offline using Bitcoin.Third-party payment service providers will automatically convert Bitcoin into US dollars before the funds enter the county government's account, so the county government will not hold Bitcoin; this payment method is optional.

According to Coinglass data, on November 12 at 21:17, 30.1203 million USDT was detected being transferred from an unknown wallet to Binance.

According to The Block, banking giant BNY will adopt the validator infrastructure of staking service provider Figment to support its staking business. Eligible institutional clients can stake assets within the platform through BNY's existing digital asset custody services.Figment stated that BNY's staking clients include asset management companies, ETF issuers, corporations, and wealth management institutions. Qualified clients can earn staking rewards on supported assets on the platform. A Figment spokesperson told The Block that ETH will be supported initially, followed by an expansion to SOL, although no specific launch date has been announced.Ralf Roth, head of BNY's digital asset custody, stated that as institutional participation in staking increases, the focus is shifting from whether staking can be accessed to how staking is delivered. Providing staking services in a trusted custody framework with Figment allows institutions to have more confidence in their participation methods and meets their standards for security, oversight, and accountability.Josh Deems, head of revenue at Figment, stated that Figment is bringing its validator infrastructure and staking experience to BNY's digital asset custody platform, providing institutional clients with another way to participate in staking within existing platforms and service processes.BNY launched its digital asset custody services in October 2022, initially accepting Bitcoin and Ethereum from a limited number of clients. Last month, BNY expanded its custody agreement with Ripple to cover XRP and RLUSD, and plans to allow BNY clients to mint and redeem RLUSD through the bank.Coinbase Prime integrated Figment's Ethereum staking services in early 2024, and when the two announced an expansion to networks such as Solana, Cardano, and Sui in October 2025, they stated that the partnership had facilitated over $2 billion in asset staking. Figment claims it has provided staking services to over 1,500 institutions, including asset management companies, custodians, exchanges, and wallets.

Tether announced that KPMG U.S. has completed an independent audit of the financial statements of TG Commodities, the issuer of Tether Gold (XAU₮), as of December 31, 2025, and issued an unqualified opinion. The audit shows that XAU₮ is fully backed by physical gold. This is the second stablecoin under Tether to complete an audit by one of the Big Four accounting firms, following Tether International, the issuer of USDT, in August of this year.During the audit, KPMG conducted a physical count and verification of each gold bar backing XAU₮, rather than relying solely on confirmations from custodians. As of December 31, 2025, TG Commodities holds 520,089.350 ounces of pure gold, valued at $2.246 billion, corresponding to the issued 520,089.300 XAU₮.The gold is stored in Swiss vaults and meets the London Good Delivery standards, with ownership belonging to the token holders, where each token corresponds to an indivisible ownership of specific gold bars. The company also hires an independent third party to conduct quarterly sampling tests of the gold bars.CEO Paolo Ardoino stated that XAU₮ is expected to become the first true competitor in the gold ETF market, as gold can be settled instantly, with lower custody costs and higher transparency. CFO Simon McWilliams mentioned that auditing the largest and most complex USDT and XAU₮ is paving the way for a comprehensive audit of the entire company.

According to Gate market data, ETH/USDT is currently priced at $1997.47, with a 24-hour decline of 2.59%.

The Federal Reserve's interest rate hike combined with the central bank's increase of the foreign exchange deposit reserve ratio to 6% has led several banks to raise their USD fixed deposit rates again, with some products exceeding 4%.In October, the average benchmark performance of USD wealth management reached 4.1%. The interest rates of foreign banks have risen significantly, while the listed rates of state-owned banks remain around 2.8%, resulting in an inverted yield curve.