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According to Jinshi reports, the S&P 500 index reached a record high during Wednesday's trading session, marking the first new high since the outbreak of the Iran war. The market's expectations for a de-escalation of the war situation and strong earnings forecasts have attracted investors back to risk assets. Despite the ongoing geopolitical crisis, there has been a shift in market risk pricing, with traders more willing to factor in lower escalation risks in the short term. Since the conflict erupted on February 28, the S&P 500 index had fallen as much as 9%, but did not meet the criteria for confirming a "technical adjustment."

In the 13th anniversary open letter, Gate founder and CEO Dr. Han pointed out that the crypto industry is undergoing a structural reshaping driven by multiple variables. Technological evolution, improvements in regulatory systems, changes in the macro environment, and a broader user base are all working together to influence the industry's development path, continuously raising the overall threshold.Dr. Han stated that this change is reflected not only in compliance and technical requirements but also in the higher demands for platform system capabilities and long-term investment; as the threshold rises, resources and space are accelerating towards participants who possess long-term judgment and sustained investment capabilities, and long-termists will gain more certain growth opportunities in the new cycle.As a global leading crypto asset trading platform, Gate always regards security and transparency as the cornerstone of development, being the first to introduce a 100% reserve proof scheme and continuously expanding its global compliance footprint. Currently, multiple entities under Gate have obtained or completed relevant regulatory registrations, license applications, authorizations, or approvals in jurisdictions such as Malta, Cyprus, the Bahamas, Japan, Australia, and Dubai. At the same time, the platform deeply integrates AI innovative technology, building an ecosystem that covers multi-asset allocation and full-scenario services, driving the industry towards a smarter and more sustainable future.

According to official news from the Polygon Foundation, the Giugliano hard fork upgrade will take place around 22:00 on April 8 at block height 85,268,500 on the Polygon mainnet.This upgrade will bring the following improvements: allowing producers to announce blocks earlier for faster finality; directly adding fee parameters to the block header; introducing new RPC interfaces to support fee data.The official reminds all node operators that they must upgrade Bor to version v2.7.0 or upgrade Erigon to version v3.5.0 to ensure normal operation.

According to Bloomberg, there have been personnel changes in Binance's compliance team, involving key positions related to financial crime monitoring and sanctions compliance. Its Chief Compliance Officer Noah Perlman is currently discussing future departure matters with management and may leave this year or next year.Noah Perlman joined Binance in 2023, responsible for rebuilding the sanctions enforcement and anti-money laundering system, which is one of the key rectification measures following the company's guilty plea for regulatory violations in the U.S. In response, Binance stated that it "currently has no departure timeline and has not determined a successor," and emphasized that he remains focused on his current work.

The Arizona Digital Asset Reserve Act will undergo a final vote, which allows the state to hold seized BTC and XRP instead of auctioning them off.

MCN Group officially announced today that it has completed the full acquisition of the NADI public chain (NADI Chain) and will undergo a comprehensive strategic restructuring.Based on a shared belief in the future development trends of blockchain technology, both parties have decided to integrate their advantageous underlying technologies and the resources of hundreds of millions of global users, fully incorporating the NADI public chain into the MCN ecosystem to jointly create a brand new public chain, MCN Chain, dedicated to building a comprehensive and multi-dimensional AI + blockchain ecosystem.According to the acquisition and restructuring plan, the new public chain will uniformly use MCN as the official sole native token. It will deeply empower the new public chain in terms of technological research and development, ecological incentives, and market expansion. MCN Group will use this as a starting point to build a more vibrant and competitive global AI Agent blockchain network.

Binance posted on platform X that withdrawals are currently affected by a technical issue. The team is working on a fix, and services will be restored as soon as possible.

According to data from Greeks.live, 91,000 BTC options will expire today, with a Put Call Ratio of 0.48, a maximum pain point of $90,000, and a notional value of $7.6 billion. 435,000 ETH options will expire today, with a Put Call Ratio of 0.68, a maximum pain point of $3,000, and a notional value of $1.19 billion.

Researchers and developers expect that 2026 will be a key year for Ethereum to achieve exponential scalability through zero-knowledge proofs (ZK). By then, some Ethereum validators will no longer re-execute transactions but will directly verify ZK proofs, fundamentally changing the way the blockchain operates, with scalability comparable to Ethereum's transition from PoW to PoS in "The Merge" in 2022.Ethereum researcher Justin Drake stated that the first validators will begin to verify ZK proofs for each block instead of re-executing all transactions, which will bring immediate scalability benefits to Layer 1 and lay the groundwork for 10,000 TPS in the future. Currently, the Ethereum mainnet has a throughput of about 30 TPS. During Devconnect, Drake demonstrated that ZK proof verification could be completed using an old laptop, and it is expected that by the end of 2026, about 10% of validators will switch to ZK verification mode (Lean Execution Phase 1). This transition will significantly reduce the hardware requirements for validating nodes while maintaining network decentralization.Ethereum Besu client engineer Gary Schulte pointed out that future compute-intensive tasks will mainly be handled by block builders and ZK provers, while regular validators will only need to perform lightweight checks, creating conditions for increasing gas limits and overall throughput. On the roadmap, Ethereum is currently still in Phase 0 (voluntary validation), expected to enter Phase 1 (partial validator switch) in 2026, and move into Phase 2 in 2027, which will require block producers to generate ZK proofs, achieving fully ZK execution.

Ethereum co-founder Vitalik Buterin posted on the X platform: "I am impressed by the decentralized open-source cryptographic documentation tool Fileverse. It has more vulnerabilities fixed every month, and recently it has finally reached a level where I can confidently send documents out for others to comment or collaborate on, and things generally don't go wrong. I believe there are more outstanding operational cases than people realize, and Fileverse has the added advantage of being much less dependent on network effects."

According to official news, Merlin Chain will undergo an infrastructure upgrade to enhance scalability and fix some issues related to ZK performance.The upgrade will start on November 26, 2025, at 13:00 (UTC+8). A downtime of 12 hours is expected. During the upgrade, all transaction submissions on the Merlin Chain mainnet will be suspended. Users can still check historical transaction records and account balances through the block explorer. After the upgrade is completed, the network will automatically resume normal operation.

According to the latest official announcement, the first phase of the trading mining activity for Sun Wukong has been upgraded on the 24th at 20:00 (UTC+8). At that time, the rebate ratios for Maker and Taker fees will be increased to 110% and 107%, respectively. The maximum reward per user per hour will be raised to 500 USDT, with the highest possible reward expected to reach 180,000 USDT.It is reported that this phase of the trading mining activity will take place from November 21st at 20:00 to December 6th at 20:00, with a total prize pool of up to 1.35 million USDT. During the event, users participating in BTC/USDT, ETH/USDT, and SUN/USDT perpetual contract trading will receive additional $SUN token rewards on top of the full rebate of all fees.

Alliance DAO co-founder QwQiao reiterated his view, "The next bear market (whenever it comes) will be worse than most people expect. There is now a large group of 'dumb money' that knows nothing about crypto buying spot and ETFs. Such a situation never ends well.The market may need another 50% deep pullback to 'wash out' the positions held by these people, so that the market can rebuild a solid foundation and continue its super cycle."Placeholder partner Chris Burniske also expressed a similar view, stating, "The era of DAT sell-offs has just begun. Just as it rose all the way up, it will now fall all the way down."

According to Crypto In America, on Tuesday morning, Tim Scott, the chairman of the Senate Banking Committee, revealed a preliminary timeline for the Senate to advance cryptocurrency market structure reforms, providing clear information to the industry. Scott stated in a television interview, "By the end of this year, we believe both committees will complete their review and vote, and the bill will be submitted to the full Senate for consideration early next year for President Trump to sign."It is currently unclear when the Banking Committee will release the revised text of the bill, but industry sources involved in the process say that key parts are still being finalized. As lawmakers will depart tomorrow to celebrate Thanksgiving, the draft may not be released until December, and it could even be published shortly before the review. Meanwhile, following the bipartisan discussion draft released by the Senate Agriculture Committee last week, the industry is expected to provide feedback on the draft during Thanksgiving, with many believing that there are still many unfinished aspects of the draft.According to the timeline provided by Scott, both the Senate Agriculture Committee and the Banking Committee plan to review and vote on the drafts next month, after which the two drafts will be merged into a single bill, aiming for submission to the full Senate for a vote in early 2026. After passing in the Senate, the bill will be sent back to the House of Representatives for final approval before being presented to President Trump for signing.

According to ChainCatcher news, GoPlus, the Web3 security infrastructure, has announced that its new security service developed based on the x402 protocol has entered the full testing phase and will soon be officially launched.This service provides multiple functions for developers and AI agents on the x402 platform, including malicious address detection, token security detection, as well as transaction simulation and security analysis, effectively enhancing the security of blockchain transactions and real-time identification and blocking of transaction risks.GoPlus's security service will support permissionless calls for x402 developers and AI agents, and will offer a plug-and-play convenient experience through an on-demand billing model. This innovative security service is expected to handle over 30,000,000 calls, bringing higher security and commercial value to the x402 platform.

ChainCatcher news, according to the official announcement from X Layer, as the integration of protocols and the expansion of the ecosystem continue to advance, there are plans to upgrade the underlying technology of the public chain to further enhance the overall performance and scalability of the system, aiming to become a leading platform for high-performance blockchain solutions.This upgrade is scheduled to begin on October 27, 2025, at 23:30 (UTC+8), and is expected to last about one hour. After completion, the mainnet will resume block production. If there are any adjustments to the upgrade progress or schedule, the official will update through announcement channels as soon as possible.The announcement states that during the upgrade, the X Layer mainnet will suspend block production, and all related services will be temporarily interrupted, including asset deposits and withdrawals related to OKX exchange, DEX trading services, OKX Wallet functionalities, and OKX Pay services, among others. Users with questions can contact OKX customer service at any time. The X Layer team stated that they will continue to focus on enhancing platform stability, security, and operational reliability to achieve the long-term ecological vision of "The New Money Chain."