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According to a report by South Korea's EToday, Democratic Party member Min Byeong-deok stated at a discussion meeting that the legislation for the "Basic Law on Digital Assets" should be completed by January 9 of next year to keep up with the implementation of the U.S. stablecoin system on January 18.He opposed allowing only consortiums with majority bank ownership to issue Korean won stablecoins, arguing that participation should be allowed as long as conditions such as 100% reserves and instant redemption are met. He also proposed the establishment of a presidential digital asset committee and suggested extending the crypto tax to 2029, allowing losses to be carried forward for three years.

According to Onchain Lens monitoring, a certain whale has just withdrawn 742.5 BTC from Binance again, worth approximately 51.48 million USD.In the past 19 hours, this whale has received a total of 1042.5 BTC from Binance, worth approximately 72.89 million USD.Currently, this wallet holds about 1410 BTC, worth approximately 97.81 million USD.

According to community users and internal sources, the cryptocurrency exchange x.me (formerly known as voox) is suspected of running away. Currently, the withdrawal channels on the platform have been closed, and there are reports that the management team, including the CEO, has gone missing.The tip-off indicates that this is the latest incident of a suspected exchange running away, following the events related to Bitmart and websea. As of now, x.me has not responded to this matter.

The server manufacturer Super Fusion has passed the review of the listing committee of the Shenzhen Stock Exchange's Growth Enterprise Market for its IPO, planning to raise 8 billion yuan, setting a new high for the fundraising scale of companies going public on the Growth Enterprise Market this year. Super Fusion was formerly Huawei's x86 server business, which was spun off from Huawei in 2021 and is currently actually controlled by the Henan Provincial State-owned Assets Supervision and Administration Commission. According to IDC data, Super Fusion is expected to rank second in China's server market in terms of shipment volume by 2025, with a market share of 14.2%.The company's revenue for 2025 is projected to be 58.246 billion yuan. In the first half of 2026, revenue reached 37.286 billion yuan, with AI servers contributing approximately 19.852 billion yuan, accounting for 53.29% of the main business income. During the same period, net profit was 2.108 billion yuan, more than double that of the entire previous year. The net cash outflow from operating activities during the same period was 15.685 billion yuan, and short-term loans increased from 1.563 billion yuan at the end of last year to 18.026 billion yuan.The company stated that the growing demand for AI servers requires advance procurement of chips and components, suppliers demand quicker payments, while customer payments are relatively slow, leading to funds being tied up in inventory and accounts receivable. As of the end of June, the inventory balance was 35.662 billion yuan. During the review by the Shenzhen Stock Exchange, questions were raised about whether performance growth can be sustained, as well as risks related to cash flow, customer and supplier concentration, etc. Currently, the IPO has only passed the listing committee review and has not yet completed registration and issuance.

According to on-chain records, the Cosmos ecosystem decentralized exchange Osmosis has resumed block production approximately four hours after the interruption in block production.During the interruption, the South Korean exchange Upbit kept OSMO spot trading open normally but suspended the deposit and withdrawal services for the token.

On November 12, the semiconductor company AMD's official account posted a message congratulating Chairwoman and CEO Lisa Su for receiving the annual CEO title awarded by Yahoo Finance. AMD stated that the title of annual CEO sounds great and congratulated Lisa Su, noting that the recognition comes from Yahoo Finance. Lisa Su has served as CEO of AMD since 2014 and currently also holds the position of Chairwoman. Yahoo Finance Executive Editor Brian Sozzi announced the award on the same day.Yahoo Finance reported that AMD's stock price has risen 158% this year, while Nvidia has dropped 7%, Broadcom has fallen by less than 1%, the S&P 500 index has increased by 11%, and the Nasdaq Composite index has risen by 10%. Yahoo Finance also mentioned that Lisa Su received the National Medal of Science awarded by U.S. President Trump this year and participated in several high-profile international conferences. Lisa Su stated on Yahoo Finance Invest that joining AMD was a desire to be part of a company at the forefront of technology and believes that technology can bring tremendous benefits to the economy and the world.Yahoo Finance reported that AMD acquired World Labs for $8.2 billion. World Labs was founded in 2024, focusing on 3D environment software, and was established by AI researcher Fei-Fei Li, who previously served as Chief Scientist at Google Cloud. Yahoo Finance stated that Fei-Fei Li will join AMD as Executive Vice President and Chief Scientist, reporting directly to Lisa Su. Yahoo Finance also noted that Lisa Su joined AMD as an executive in 2012 when the company was on the verge of bankruptcy.

In the Huang Renxun incident, the involved company Megaspeed International officially announced that it attaches great importance to complying with U.S. export control laws, stating that compliance is the company's top priority, and it is committed to constructive and transparent cooperation with the U.S. government.Megaspeed has cooperated with the U.S. Department of Commerce's Bureau of Industry and Security (BIS) inspections and is ready to fully cooperate with other relevant U.S. government agencies at any time. To further strengthen its compliance commitment, Megaspeed has hired a well-known U.S. law firm to lead a comprehensive inventory of the company's graphics processing units (GPUs) and independently verify the company's export control compliance practices. Megaspeed stated that it welcomes appropriate government oversight and will demonstrate through concrete actions that the company operates in a responsible and transparent manner while complying with applicable U.S. laws.Megaspeed is a cloud computing and data center company registered in Singapore and is an important customer of NVIDIA. The New York Times previously cited trade data reporting that from June 2024 to February 2026, Megaspeed's affiliated company in Malaysia procured advanced AI servers and other equipment, including NVIDIA chips and related products. Huang Le previously served as the CEO and chairman of the board of Megaspeed and is one of the main controllers; she has appeared alongside Huang Renxun multiple times at public business events.

According to foreign media reports, on November 12 local time, NVIDIA CEO Jensen Huang will lose approximately $108 million in unvested equity awards after his departure. According to the Bloomberg Billionaires Index, this award accounts for about 0.07% of his personal net worth.The report pointed out that according to NVIDIA's equity compensation policy, unvested restricted stock units will be forfeited when executives leave. Jensen Huang currently holds about 346,000 such units.

According to the market information platform Liquid247.xyz, Coinbase's spot BTC has approximately 139.21 buy orders at the price level of $70,050, with a nominal value of about $9.7516 million, retracting about 0.56% from the mid-price of approximately $70,444 at that time. The total buy orders at the near-end market are about $39.3267 million, while the sell orders are about $27.2126 million.Coinbase's spot buy orders have a net long position of about $12.1141 million, accounting for 18.21% of the total depth. This buy order is the most prominent support at the near-end; if a large market order appears, it may provide some support for the current price.

According to The Block, TRM Labs has launched a custody service called Beacon Concierge, aimed at assisting law enforcement agencies in collaborating with cryptocurrency exchanges and stablecoin issuers to prevent and seize illegal cryptocurrency flows on any chain or asset.Beacon has over 200 members, covering 80% of cryptocurrency trading volume, with response times measured in minutes.

According to Cointelegraph, the Securities and Exchange Commission (SEC) of Thailand has released a draft proposing that regulated cryptocurrency operators set a daily deposit and withdrawal limit of 5 million Thai Baht (approximately 148,000 USD) for each customer regarding stablecoins. This limit will be calculated separately for each operator, applying to both deposits and withdrawals. The regulatory body stated that this move aims to curb money laundering, cybercrime, and the evasion of cross-border fund transfer regulations.The draft also prohibits the transfer of stablecoins in and out of third-party wallets, requiring operators to verify that customers own the accounts or wallets used for deposits and withdrawals. Operators must also comply with the Travel Rule, which involves collecting and sharing information related to transfers and using blockchain analysis tools to identify wallet addresses associated with suspicious activities.Additionally, the draft requires cryptocurrency exchanges to disclose their list of market makers and specify the assets that these market makers provide liquidity for; cryptocurrency brokers are not allowed to use liquidity providers for trading pairs of stablecoins with Thai Baht; a minimum threshold of 3 million Thai Baht will apply to certain over-the-counter transactions. This draft continues the consultation initiated by the Thai SEC in September, during which it had already proposed limits on stablecoin transfers and recommendations for strengthening the regulation of cryptocurrency operators.

Liquid Capital founder Yi Lihua stated that the Binance black swan event and the significant victory of the Democratic Party in the United States have had a considerable impact on both the AI stock market and the cryptocurrency market. Investors need to continuously adjust their strategies based on the market environment. Although there have been multiple successful exits at the peak previously, it is still necessary to be cautious of prematurely bottom-fishing at this stage, to avoid catching a falling knife at the "halfway up the mountain."

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.

IBM announced the next-generation superconducting quantum processor IBM Quantum Nighthawk r3, designed to accurately perform 10,000 quantum operations on 520 programmable qubits. This processor contains 2,034 physical qubits, continuing the square lattice connectivity and fast operation architecture of Nighthawk r2, and adds 10 inter-chip connections called l-couplers. IBM plans to connect two Nighthawk r3 processors into a single 1,040 qubit system by 2027.The currently deployed Nighthawk r2 is equipped with 120 programmable qubits, 218 couplers, and 120 reset elements, capable of executing over 100,000 circuits per second, with a throughput approximately 25 times that of Heron, and a maximum speed increase of 19 times for partner workloads, with E.ON reporting a 15 times increase. IBM previously connected two Nighthawk r1 processors using 4 l-couplers, achieving a quantum state transfer fidelity of up to 99.3%, averaging 99%; the two connected cryogenic modules cooled down to below 15 milli-Kelvin within 5 days.

The Financial Services Commission of South Korea plans to allow cryptocurrency exchanges to proactively suspend deposits and withdrawals under certain conditions when they are suspected of being attacked by hackers, and requires strengthening security monitoring.

According to CoinDesk, Ripple's XRP Ledger lending system designed for banks and payment companies has gained support from 3 additional validators since mid-October, bringing the total votes to 22, still 7 votes short of the 29 required to launch. Both the system and its accompanying SingleAssetVault amendment need to obtain 29 votes each within two consecutive weeks to activate.As of Wednesday's data, "LendingProtocol" and its first patch each have 22 votes in support, while the "SingleAssetVault" for creating a funding pool has 23 votes. The design requires depositors to deposit XRP or other tokens into the vault, which loan brokers lend out for a fixed term, with borrowers not needing to provide collateral; the system relies on off-chain underwriting and risk management. Additionally, developers are still advancing related work before the voting, with a code merge request planned for November 4 to add a third lending amendment.

Dunamu's Vice Chairman Kim Hyung-nyun stated at the Seoul Digital Asset Policy Conference that the stock tokens of South Korea's representative companies, Samsung Electronics and SK Hynix, can only be traded overseas. This situation is distressing. He also officially announced that Dunamu has completed the technical preparations for stock tokenization, and relevant services can be launched at any time once the regulatory system allows.In addition, the conference also discussed the legislative process of the "Basic Law on Digital Assets." South Korea's Democratic Party member Min Byung-deok advocated that the bill should be passed in the current regular National Assembly, no later than January 18 of next year. South Korea's People Power Party member Park Soo-min stated that legislation should not be rushed and called for a comprehensive allowance for institutions and legal entities to invest in crypto assets.

Ethereum developer Marchhill submitted the draft EIP-8437, proposing to propagate proof wrapper data through the eth/73 protocol and introducing an optional mode that allows transactions to submit raw signatures to the aggregator without pre-generating STARK proofs.This proposal supports the direct propagation of certified packages with transactions and performs independent checks of specified programs in resource-constrained sandboxes to verify witness data. The new program does not require the development of native adapters for each signature scheme separately. Additionally, the proposal plans to limit the batch queue size, clean up expired transactions, and recheck records before formally generating proofs to support failure retries.Currently, the proposal is still in the Draft stage and has not yet been merged. The developer pointed out that VM and key binding consistency verification, cryptographic verification, and performance testing are still incomplete, and benchmarking has not yet been conducted.

According to Onchain Lens monitoring, a certain whale has accumulated and withdrawn 678.4 ZEC from Binance, worth approximately 667,800 USD.