li

According to the third quarter 10-Q filing submitted by the Bitcoin mining company Hut 8 to the U.S. SEC, the company's total revenue for the third quarter was $71.07 million, a year-on-year decrease of approximately 14.9%; the net profit attributable to Hut 8 was $131 million, compared to $50.11 million in the same period last year, with a diluted earnings per share of $0.98; the net loss attributable for the first nine months was $239 million.As of September 30, Hut 8 (on a consolidated basis, including its subsidiary American Bitcoin) held 16,787 Bitcoins, with a book value of approximately $1.4 billion, of which 3,090 Bitcoins were pledged to Bitmain; the fair value change income of Bitcoin in the third quarter was approximately $414 million, and the realized gains from the sale of Bitcoin were approximately $39.94 million.

According to The Block, digital asset infrastructure company BitGo Holdings (BTGO) announced the launch of BitGo Global Markets, its new institutional trading and financial solutions business, integrating global liquidity, trade execution, financing, derivatives, and settlement services. This division is led by former NYDIG executive Pete Janney, and BitGo completed its acquisition of NYDIG's institutional and trading business on August 27.Approximately 30 employees joined BitGo after the acquisition, bringing expertise in derivatives, financing, collateral services, and structured products. Janney initially joined the company as the head of financial infrastructure. Since 2020, BitGo has provided institutional trading services through BitGo Prime, which has now been integrated into Global Markets, merging with derivatives, collateral management, and structured financing capabilities from NYDIG.Under the new division, BitGo's Global Liquidity Layer will offer spot trading and large over-the-counter trading channels, with liquidity sourced from exchanges, market makers, and other trading counterparts; clients can use their crypto assets as collateral to borrow funds for trading positions, with BitGo responsible for qualified custody, margin monitoring, and additional margin or clearing processing.The division will also provide options, swaps, and customized structured products for qualified counterparties, as well as managed investment strategies, private funds, and research services, with clearing and settlement handled by Go Network. BitGo CEO Mike Belshe stated that Global Markets will combine custody, liquidity, trading, financing, and settlement capabilities with deeper capital markets expertise. BTGO rose 3.4% in pre-market trading on Wednesday, following a 3.7% increase the previous day.

Circle disclosed the latest progress of the Arc network, having completed the genesis minting of 10 billion ARC tokens, becoming the first publicly listed company to mint network tokens for a new Layer 1 blockchain. ARC will be used for network security, utility functions, and governance, and Arc plans to transition to a Proof of Stake (PoS) mechanism by 2027.In addition, the Arc public mainnet went live on September 16, attracting over 100 institutions and ecosystem builders on its first day, and natively integrating USDC. Future developments will focus on PoS, privacy protection, and scalability.In terms of the ecosystem, the Arc developer community now has over 75,000 Arc House members and 10,000 Architect ambassadors, with more than 1,200 projects built during the private mainnet phase.

The stablecoin USDC issuer Circle announced its Q3 2026 financial report, with total revenue and reserve income reaching $865 million, a year-on-year increase of 17%. The net profit from continuing operations was $226 million, a year-on-year increase of 5%; adjusted EBITDA was $317 million, a year-on-year increase of 85%.Breaking it down, reserve income was $658 million, a year-on-year decrease of 8%; other income was $207 million, a year-on-year increase of 627%, of which $182 million came from the ARC token presale. In Q3, the average circulation of USDC was $73.3 billion, a year-on-year increase of 8%; on-chain transaction volume reached $13.9 trillion, a year-on-year increase of 49%. At the end of the period, USDC's market share was 27%, and the number of wallets holding over $10 in USDC reached 7.3 million, a year-on-year increase of 16%.In terms of business, Circle's payment network achieved an annualized total payment volume of $41.3 billion. The company has signed a definitive agreement to acquire the Singapore cross-border payment platform Tazapay, with the transaction expected to be completed in 2027. Additionally, Circle laid off about 5% of its workforce in Q3 and maintained its full-year financial guidance for 2026.

The Science and Technology Innovation Board Daily reporter learned from multiple sources that the venture capital firm Lisi Capital, which participated in the previous round of financing for DeepSeek, continues to secure an investment share in DeepSeek's new round of financing, with the participating entity being its subsidiary Tianjin Lisi Xing Shen Equity Investment Partnership (Limited Partnership) (Xing Shen Fund). As multiple listed companies disclose their funding progress and business information updates, the fund size has increased from the previously disclosed 2.64 billion yuan to 6.02 billion yuan, and was ultimately confirmed at 7.52 billion yuan, with the funds already paid in.Public announcements show that Zhihu announced on September 6 that it plans to invest 1.5 billion yuan through its wholly-owned subsidiary to participate in the Xing Shen Fund, which completed registration with the Asset Management Association of China on September 15; Tongchen Beijian disclosed in late September that it participated with its own funds of 50 million yuan when the fund size was 2.64 billion yuan. On October 9, Zhongwang Fabric announced its intention to invest 50 million yuan, at which time the subscribed amount had increased to 6.02 billion yuan. On October 21, Tongchen Beijian disclosed that it received notice that the fundraising scale had increased from 2.64 billion yuan to 7.52 billion yuan, the fundraising has been completed and all funds have been paid in; Perfect World, Te Bao Biotechnology, and others subsequently confirmed this scale. According to Qichacha, the Xing Shen Fund has a total of 41 partners, including the executive partner Tianjin Lisi Ming Tang and 40 limited partners, with a total subscribed capital of 7.52 billion yuan.The reporter compiled that 13 listed companies and their related funding entities have a total subscribed amount of 3.495 billion yuan, accounting for approximately 46.48% of the total fund size. Zhejiang Innovation Deep Intelligent Venture Capital Partnership has subscribed 1.4 billion yuan, making it the second-largest contributor; along with the two funds of Zhejiang Province, Ke Chuang Zhan Xin and Ke Chuang Wei Lai, each subscribing 50 million yuan, the three Zhejiang state-owned entities have a total subscription of 1.5 billion yuan, while Wuxi Chanfang Guosheng Innovation Development Equity Investment Partnership has subscribed 80 million yuan. A person familiar with the situation stated that Lisi is one of the market-oriented institutions that obtained a larger share, while other market-oriented institutions typically have quotas ranging from 3 billion yuan to 4 billion yuan. Zhihu previously announced that the Xing Shen Fund adopts a blind pool structure, and this person indicated that the actual allocation may still be highly concentrated in DeepSeek. The reporter had previously sought confirmation from Lisi Capital on whether the Xing Shen Fund participated in this round of financing, but had not received a clear response by the time of publication.

According to documents from the United States District Court for the Northern District of California, Sun Yuchen and two co-plaintiffs have applied for sanctions against World Liberty Financial and its attorneys, seeking approximately $264,000 in attorney fees and costs. The plaintiffs allege that World Liberty made false disclosures regarding its citizenship in the litigation.The plaintiffs claim that World Liberty initially only disclosed its citizenship in Florida, and nearly three months later supplemented its disclosure to include 22 members in its ownership chain, with citizenship also including places like the UAE. World Liberty's attorneys subsequently argued that, since both parties in the litigation have foreign entities, the federal court lacks jurisdiction.The amount requested involves attorney fees and costs related to the plaintiffs' opposition to mandatory arbitration. The plaintiffs stated in the documents that they would have to refile in California state court; a hearing on the sanctions application is scheduled for December 10.

According to Whale Alert, 668 BTC (approximately $52,446,502) were transferred from Coinbase Institutional to an unknown wallet.Earlier at 17:24, another 1,086 BTC (approximately $8,508,000) were transferred from an unknown wallet to Coinbase Institutional.

Crypto journalist Eleanor Terrett published an article summarizing the key results of the U.S. midterm elections, stating that the outcomes are generally unfavorable for the Republican Party and the crypto industry. She pointed out that despite over $64 million invested by the crypto industry, it was unable to prevent Sherrod Brown from returning to the Senate, where Brown may gain a leadership position on a committee with jurisdiction over crypto issues. Sherrod Brown previously served as the chairman of the Senate Banking Committee and holds significant influence over legislation and regulation of digital assets.Eleanor Terrett noted that Brown is cautious and even skeptical about crypto, emphasizing that consumer and investor protection should take priority. He advocates for enhanced information disclosure, segregation of customer assets, combating conflicts of interest, and anti-money laundering measures, opposing industry-led lax legislation. While he does not outright reject reforms on stablecoins and market structure, he insists that the regulatory framework must become stricter and not dilute the standards of traditional financial markets.Additionally, pro-crypto representatives Bryan Steil, Zach Nunn, and Ann Wagner were defeated, and Mike Lawler has conceded to Cait Conley, although the Associated Press has yet to make a final determination on New York's 17th congressional district. Kirsten Gillibrand, chair of the Democratic Senatorial Campaign Committee, helped the Democrats secure a Senate majority that exceeded expectations. After the Republican Party lost control of the Senate, Tim Scott is expected to transition from chairman of the Banking Committee to minority leader; the outcome in French Hill's district has not yet been determined, but it appears he may narrowly win and is expected to become minority leader, with the chairmanship taken over by Maxine Waters. Pete Ricketts won in Nebraska, and Andy Barr secured the vacant Senate seat in Kentucky, succeeding Mitch McConnell and potentially competing for a position on the Banking Committee.

According to official social media news, Huobi HTX will hold a live broadcast themed "Gaps, Leverage, Stop Loss, a Practical Checklist for Ordinary Traders" today at 8 PM. At that time, crypto KOLs including Crypto.0824, Zhu Erdan, HiSeven, Mo Laotou, and Jiu Ge BTC will discuss trading strategies under the high volatility of the earnings season.At the same time, the guests will combine their practical experience to explore how ordinary traders can maintain trading discipline and enhance risk response and strategy execution capabilities amid increasing market uncertainty.

According to Gate market data, following the Democratic victory in the U.S. midterm elections, precious metals have become the biggest winners. Ole S. Hansen, the chief strategist at Saxo Bank, stated that gold and silver prices have risen due to a weaker dollar and declining U.S. Treasury yields.Gold prices have rebounded to $4,043 per ounce after falling below $4,000 per ounce in October, an increase of nearly 3%. Silver prices have risen about 4%, reaching $52 per ounce.

Eurozone October Core Harmonized CPI Year-on-Year - Unadjusted Initial Value 2.2%, Expected 2.2%, Previous Value 2.2%

Cryptocurrency trader Doctor Profit posted that Bitcoin is currently testing the Level 2 key price level mentioned in his previous report. He stated that if BTC breaks through this level and successfully recovers, maintaining stability in the daily close, it will be an important bullish signal, indicating that the market has digested the panic selling triggered by the Binance hacking incident, and the sell-off phase may be coming to an end, with buyers regaining control of the market.

AI-driven custom manufacturing and real-world asset project RWAI announced the completion of $8 million in financing, with investment institutions including Amber, UOB Venture, Arkstream Capital, Web3Lab, Waterdrip, Moonhill, Basics Capital, Anti Capital, Everwood Capital, and Solarium Investment.RWAI is a custom manufacturing platform that transforms product ideas into physical goods, integrating AI-assisted product planning and design, manufacturer matching, production, quality control, and delivery into a unified process. The platform aims to simplify complex manufacturing processes, helping brands, creators, and individual users turn product concepts into reality. Leveraging existing manufacturing operations and experience, RWAI has launched related services on its mainnet, enabling users to conveniently place manufacturing orders and make on-chain payments in a Web3 environment.Its RWA service also introduces tokenized goods NFTs related to physical products, linking digital transactions with physical delivery. Additionally, RWAI is preparing an airdrop event for community participants. Users can participate by adding "RWAI" to their display names on Telegram and engaging in official community activities. Reward distribution will comprehensively consider user participation, including the duration of retaining "RWAI" in their display names and contributions to discussions related to RWAI. More information regarding the airdrop schedule, participation methods, and reward details will be gradually announced through RWAI's official website and community channels.

According to the Economic Times, Prabhjeet Singh, Managing Director of OpenAI India, stated that India has become the largest market for ChatGPT globally in terms of weekly active users, with the number of local users doubling since January this year. Singh joined OpenAI in August this year, marking his first media interview since joining.Singh mentioned that OpenAI expects to release announcements related to the Unified Payments Interface (UPI) and payments in the coming weeks, as enterprise clients transition from pilot and demonstration phases to large-scale production deployment. Addressing concerns about the potential misuse of autonomous AI entities, Singh stated that OpenAI is collaborating with government agencies and businesses to protect critical infrastructure.

The British fintech company Revolut has completed a new round of share sales, with the company's valuation reaching $115 billion, a 53% increase from $75 billion in November 2025, and more than doubling from the $45 billion valuation in 2024.This round of transactions was led by Glade Brook Capital Partners, Coatue, Durable Capital Partners, T. Rowe Price Associates, and Baillie Gifford, with participation from both existing and new investors. However, the company has not disclosed the specific transaction amount and the number of shares sold, and employees were also given the opportunity to sell shares.

French crypto journalist and co-founder of The Big Whale, Grégory Raymond, stated that the French cooperative bank Crédit Mutuel Arkéa suffered at least $133 million in fraud, with funds being transferred to a crypto trading platform and then moved. This information was disclosed overnight by on-chain investigator ZachXBT, and Raymond indicated that he had been following the matter since the previous day.Raymond cited sources close to the case, stating that the transferred assets were not crypto assets directly held by the bank, but rather fiat currency, which was then converted into crypto assets for transfer. The source described this method as unprecedented and characterized it as an organized network relying on a large number of mule accounts, with funds flowing to multiple trading platform accounts, including Crypto.com. Raymond contacted the bank around 6 PM Paris time the previous evening, and they responded that they could not confirm the relevant information at this stage and did not provide further comments.According to the anonymous source, Arkéa realized its involvement later and was unprepared to respond. Raymond wrote that due to the bank's lack of official confirmation, the trading platforms and stablecoin issuers failed to freeze the funds in time. ZachXBT pointed out on Sunday that an unnamed European entity had transferred over $106 million in USDC and USDT, and on Tuesday raised the estimated amount to $133 million, with some transfers occurring after the initial warning. ZachXBT expressed high confidence in ruling out the involvement of North Korea's Lazarus group and estimated that if the incident had been reported quickly, over $30 million could have been frozen.

Binance co-founder He Yi commented on "Binance facing a second battlefield of public opinion after the security incident," stating, "When the storm comes, they believe that cutting down the biggest tree will make them the winner. Fanning the flames will only drive everyone away and reduce confidence in the industry, not just in Binance."Earlier, Binance founder CZ shared a lengthy article and referred to it as "another attack on Binance." According to the article, from October 30 at 05:00 to November 2 at 20:00, within approximately 78 hours, 1,083 accounts published 11,700 hostile posts regarding the theft of Binance's hot wallet, with about 20.93 million exposures, of which 79.6% were replies, and 3,354 posts were deemed false information, categorized into 15 types of rumors.The article suggests that alongside the real security incident, there was a rhythmic and organized narrative operation on X, with themes shifting according to Binance's response points, including internal sabotage, insolvency, a second FTX, reluctance to open withdrawals, a bank run upon opening, and exaggerating net outflows, among others.

According to the token unlocking data from the crypto asset data platform RootData, Solayer (LAYER) will unlock approximately 30.77 million tokens at 12:00 PM Beijing time on November 11, valued at around 1.77 million USD.

According to token unlocking data from the crypto asset data platform RootData, io.net (IO) will unlock approximately 14.14 million tokens at 0:00 Beijing time on November 11, worth about 1.78 million USD.