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According to Coinglass data, if BTC breaks through $77,108, the cumulative short liquidation intensity on major CEXs will reach $1.283 billion. Conversely, if BTC falls below $70,268, the cumulative long liquidation intensity on major CEXs will reach $1.185 billion.

On November 12, the volume-price trend trader ye.koi stated that the Binance account of the party involved, Shawn, had approximately 400,000 USDT restricted from withdrawal, with contract trading profits of about 340,000 USDT. Ye.koi mentioned that the related restrictions were connected to a freezing request from a local court in Colorado, USA; the party involved had provided the source of funds as requested by Binance customer service, which then indicated that the platform had not lifted the restrictions and required him to contact the U.S. court directly.Ye.koi also stated that after the party checked the court's website, they did not find a public entry for ordinary users to submit defenses or evidence. Binance customer service had previously publicly responded that the account restrictions were enforced based on the requirements of the U.S. District Court for the District of Colorado, and the platform had no authority to lift them independently. They suggested that the party contact the court to understand the appeal process and required materials or consult a professional lawyer.

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.

British bank Griffin has completed a $20 million Series B financing round, led by Octagon Partners, with participation from Notion Capital, A+ Ventures, Nordic Ninja, Breega, and others. The company's valuation exceeds $100 million, though it has not disclosed whether this is pre-money or post-money valuation. Griffin stated that the funds from this round will be used to drive business expansion and achieve profitability.Griffin was founded in 2017 by former Airbnb employee David Jarvis and CircleC co-founder Allen Rohner, and it obtained a full banking license in 2024 and officially launched. Currently, Griffin provides banking infrastructure services to over 80 companies, including Uber, Countingup, Anna Money, Yonder, and Prosper. The company serves over 300,000 retail and business customers, processing approximately 10 million payments annually. As of September 2026, its recurring revenue has increased 3.2 times year-on-year, a figure that has not yet been audited.Griffin co-founder and CEO David Jarvis stated that the company will expand its card issuance and stablecoin business: the card issuance business will support branded retail and corporate debit cards, with credit card products to be launched later; in terms of stablecoins, the company is developing reserve-related services for enterprises and advancing on-chain cross-border payment solutions.

According to the market intelligence platform Liquid247.xyz, Binance's perpetual ETH has approximately 2,642.38 buy orders at the price level of $2,036.00, with a nominal value of about $5.3799 million, retracting about 0.46% from the mid-price of approximately $2,045.46 at that time.The total buy orders at this venue amount to approximately $51.9432 million, while the sell orders are about $48.1918 million, resulting in a net buy of approximately $3.7514 million, accounting for 3.75% of the total depth.

On November 12, at the 23rd China International Semiconductor Expo (IC China 2026), Luo Xiaodong, Vice President of Changxin Technology, stated that due to the surge in global computing power demand, the computing power super cycle is entering a new "layered era."Luo Xiaodong pointed out that this layering is first reflected in the growth differentiation of segmented markets. Currently, the server market demand accounts for over 50%, prioritizing high-value scenarios such as AI large models and intelligent computing centers; the automotive market is expected to have a compound annual growth rate of about 30% by 2030; the penetration of AI functions in consumer electronics markets such as mobile phones and PCs is accelerating, but still exhibits significant cyclical volatility characteristics.

Ukrainian President Zelensky stated that the Ukrainian military discovered serious operational anomalies with the American "Starlink" system within Ukraine, with a speed limit of 161 kilometers per hour, affecting the entire front line.This has increased the difficulty for the Ukrainian military to intercept Russian drones. The Ukrainian side is communicating with the United States to clarify the situation.

According to monitoring by Arkham, the UAE royal family-associated Bitcoin mining company Citadel is still engaged in Bitcoin mining and currently holds approximately 532 million USD in Bitcoin.85% of Citadel's shares are held by 2pointzero, which is 100% owned by IHC. The UAE Royal Group holds about 61% of IHC's shares, which is owned by Abu Dhabi royal family member Sheikh Tahnoon bin Zayed Al Nahyan.

According to a report by Zhitong Finance, market research firm Omdia's latest "AI Software Market Forecast" indicates that global AI software revenue will exceed 200 billion USD by 2026, doubling in scale compared to 2024.Omdia pointed out that the demand for generative AI and agent AI is accelerating simultaneously, with generative AI revenue growth expected to reach 139% by 2026, significantly higher than previously anticipated.

According to Blue Whale Finance, the latest progress of DDR5 RDIMM and MRDIMM product lines has been obtained from the storage chip manufacturer Changxin.The DDR5 chips have completed iterations from 24Gb to 32Gb. The RDIMM modules achieve mainstream capacities ranging from 32GB to 128GB, with full coverage of speeds from 5600Mbps to 8000Mbps. The MRDIMM covers capacities of 128GB and 192GB, with a maximum speed of up to 12800Mbps.

According to official news, the token issuance platform Pons on Robinhood Chain announced that the platform has launched over 1 million tokens.

According to the Hong Kong Securities and Futures Commission, it co-hosted a seminar with the Hong Kong Monetary Authority on November 11, attended by over 200 industry professionals. The seminar topics included the opportunities brought by tokenization for secondary market trading and corporate treasury management, financial infrastructure optimization measures supporting payment and liquidity management, the role of virtual asset trading platforms in facilitating tokenized fund trading and providing liquidity, as well as cases promoting the broader application of tokenized currencies and tokenized investment products.The Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission, Wu Jiali, stated that the development of tokenization in Hong Kong is moving from the experimental stage to commercial application, with the next phase focusing on integrating tokenized investment products, digital currencies, and financial infrastructure to drive practical applications. The Assistant Chief Executive (Financial Infrastructure) of the Hong Kong Monetary Authority, Zhou Wenzheng, stated that the Monetary Authority will continue to work closely with the Securities and Futures Commission to promote responsible innovation in the field of tokenization.

According to Protos, the world's largest stablecoin issuer Tether has an exposure of approximately $4.804 billion to the U.S. stock market through 13 publicly listed companies in the United States. The holdings are highly concentrated in three major companies: Bitcoin treasury company Twenty One Capital (approximately $1.367 billion), video platform Rumble (approximately $1.328 billion), and agricultural conglomerate Adecoagro (approximately $966 million).The remaining holdings include: Elemental Royalty (approximately $342 million), Bitdeer (approximately $249 million), Gold.com (approximately $148 million), Versamet Royalties (approximately $128 million), Metalla Royalty (approximately $115 million), Gold Royalty (approximately $106 million), Satellogic (approximately $39.65 million), Stablecoin Development Corp (approximately $4.9 million), Aurelion (approximately $4.4 million), and Antalpha Platform (approximately $3.1 million). Protos points out that Tether is leveraging its funds to make extensive investments across multiple industries and has dispatched its executives to relevant companies to hold positions.

The spokesperson for the Ministry of Commerce, He Yadong, stated that China and the United States are maintaining close communication on the "30 billion for 30 billion" framework arrangement for reciprocal tariff reductions, which is beneficial for stabilizing and expanding bilateral trade. Communication between the two sides in areas such as trade and investment will create more favorable conditions for agricultural product trade between the two countries, and relevant progress will be announced in a timely manner.

The Iranian Islamic Revolutionary Guard Corps Navy stated that on the evening of November 12 local time, two supertankers experienced an explosion while navigating the Strait of Hormuz. These tankers ignored previous warnings about the "southern route" being unsafe and were carrying a total of over 4 million barrels of crude oil, ultimately being forced to halt operations.

ZDNet Korea reported on November 12 that storage companies such as Samsung Electronics and SK Hynix have decided to allocate additional supplies of enterprise-level solid-state drives (eSSD) that are currently being discussed with Chinese customers to U.S. customers. Major Chinese artificial intelligence companies such as Alibaba, Baidu, and Tencent have decided to reduce the scale of eSSD orders to below expectations, and storage companies are aware of this situation. The report states that after the U.S. strengthened export controls on artificial intelligence to China, the supply of high-performance artificial intelligence semiconductors such as graphics processors and high-bandwidth memory has become difficult, leading to a decrease in the demand for accompanying storage.eSSD is a NAND-based storage module primarily used for data centers, serving as an auxiliary storage device for data preservation. Insiders indicate that the main reason for the order reduction among Chinese companies is the difficulty in supplying artificial intelligence semiconductors. The U.S. government has effectively prohibited companies like NVIDIA and AMD from exporting high-performance artificial intelligence semiconductors to China, and the accompanying high-bandwidth memory is also subject to controls. Previously, Chinese companies had circumvented these controls through overseas entities and product disassembly, but these alternative routes have gradually faced obstacles, causing delays in investment plans.Another insider stated that the adjustment of eSSD supply plans for China by storage companies is true, and the related supply volume plans are being shifted to U.S. cloud service providers. This person noted that the storage demand from U.S. data centers remains robust, and the supply shortage may continue into next year and the year after. Industry insiders say that the tight supply of NAND in global markets such as the U.S. is still ongoing, and the reduced demand in China will be taken up by U.S. data center companies; this adjustment will not have a significant impact on the overall demand for NAND and SSD.

Charu Chanana, Chief Investment Strategist at Saxo Bank, stated that the uncertainty surrounding Nvidia may accelerate the trend of shifting towards alternative suppliers, with AMD, Broadcom, Alphabet, and Samsung Electronics potentially benefiting.The AI ecosystem faces risks such as increased debt financing, cash flow pressures from cloud services, and regulatory uncertainties. Investors should differentiate between companies that benefit from infrastructure spending and those that generate sustainable returns through AI.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0x3ff54f...f705 currently holds a BTC short position of 889.386 coins, with a nominal value of 65.4623 million USD.At the time of publication, BTC is quoted at 73,604 USD.