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The independent Solana validator alliance Layer33 responded to the adjustments of the Solana Foundation Delegation Program (SFDP) rules. The alliance is composed of independent validators, aiming to push for independent operators to collectively hold at least 33% of the network's stake. Layer33 stated that it acknowledges the foundation's remarks that the network scale has exceeded the initial launch plan, the validator pool has matured, and it faces challenges that were not envisioned in the early stages, believing that the delegation mechanism should evolve accordingly. The organization indicated that the new rules replace long-term contributors with short-term participants for a duration of 12 months.Layer33 mentioned that the foundation, in subsequent statements, indicated that participants from the Alpenglow community cluster provided crucial assistance and should receive direct rewards; part of the related adjustments is to make such rewards possible. The organization stated that the SFDP currently holds over 10 million SOL in remaining delegation, and providing substantial rewards to cluster participants does not require dismantling the existing plan; the foundation expressed that the intended recipients of the rewards are precisely the group prioritized for exit. Layer33 also noted that validators remaining in the program will see their SFDP delegation decrease from approximately 85,000 SOL to 55,000 SOL, reducing by about 30,000 to 35,000 SOL; some operators have already shut down nodes and canceled their Breakpoint schedules.Layer33 stated that it does not demand the foundation to change direction but rather to advance in the correct order and update the requests made in the previous open letter: to suspend weekly exit batches until communication regarding not abandoning contributors improves; to supplement details on rewards for Alpenglow community cluster participants; to disclose the analysis behind the 300,000 SOL external staking graduation line, the cap of 100 validators, the 12-month term, and the 55,000 SOL delegation scale; to publish an impact assessment on the current validator pool, including how about 75% of members are identified as non-contributors; to conduct formal consultations with existing SFDP members with processes and timelines; to disclose contribution-based delegation standards and application processes, running parallel with discretionary delegation; and to explain why the program places more emphasis on new validators rather than contributors who have operated and improved the Solana network for many years.

According to OnchainLens monitoring, trader AguilaTrades holds a short position in BTC worth approximately 19.91 million dollars on Hyperliquid, using 40x leverage, with a liquidation price about 0.44% away.The accompanying image shows that the position is approximately 268.453 BTC, with a liquidation price of 74,501.6 dollars; its most recent liquidation loss was about 50,900 dollars, and the account's cumulative profit and loss is a loss of approximately 39.09 million dollars.

NVIDIA shareholders are filing a securities class action lawsuit against NVIDIA and its founder Jensen Huang, accusing them of misconduct that misled a large number of investors. This case stems from Jensen Huang's recent admission of an extramarital affair on the company's website. U.S. President Donald Trump continues to support Jensen Huang. On November 9, local time, Trump publicly backed Huang at a White House press conference, stating, "I believe him (Jensen Huang)."In response, the attorney for the securities class action lawsuit, Laurence Rosen, stated that Trump's claim that Huang was unaware and NVIDIA's board's assertion that national security was not compromised, even if true, cannot determine the outcome of the case.The issue in this lawsuit is whether the statements made on October 9, 2025, were misleading, and existing facts support this conclusion. Currently, the lawsuit is only against NVIDIA and Jensen Huang. Rosen indicated that it has not yet been determined whether other defendants, including members of the NVIDIA board, will be added.

According to the Beijing Daily, on November 11, Foreign Ministry spokesperson Guo Jia Kun hosted a regular press conference. A Reuters reporter asked about the recent allegations involving Nvidia CEO Jensen Huang, noting that U.S. lawmakers on Tuesday again called for tightening restrictions on China's access to advanced artificial intelligence chips. Guo Jia Kun responded, "China's position on the issue of U.S. chip exports to China has been consistent."Previously, on November 8, Jensen Huang sent a letter to employees acknowledging personal matters, which were later implicated in a spy scandal. Both parties in the U.S. Congress used this opportunity to push for export restrictions on AI chips to China, with reports indicating that Republicans and Democrats are urgently promoting three related bills.

The Huawei Kirin 9050 series chips are equipped with a new generation Da Vinci architecture NPU, supporting 30B large models to run on the device side without the need for internet connection or cloud invocation. This NPU has a performance improvement of 140% and a power consumption reduction of 66%, supporting the Transformer engine, ultra-low power perception engine, and CANN heterogeneous computing architecture.The Kirin 9050 series is the first τ chip to adopt "logical folding" technology, with its NPU supporting the industry's first 30B MoE large model on-device, and supporting multi-level storage-computation collaborative optimization and low-bit quantization. Related features include AI screen reading, Xmage Smart Capture 2.0, AI eye movement page turning, and screen-off map 2.0. Xu Songyu, the head of Huawei's semiconductor business wireless terminal chip product management department, previously stated that Huawei aims to achieve a P core frequency breakthrough of 5GHz by 2031.

According to the market intelligence platform Liquid247.xyz, Coinbase's spot BTC has about 71.02 sell orders at the $75,000 level, nominally about $5.3263 million, which is an increase of about 1.79% from the mid-price of approximately $73,680 at that time. The total buy orders on the near-end market amount to about $23.0347 million, while sell orders are about $30.6435 million.Currently, Coinbase's spot sell orders are net long by about $7.6088 million, accounting for 14.17% of the total depth. This sell order is the most prominent resistance at the near-end; if large buy orders appear, it may put pressure on the current price.

MiniMax officially released H3-Image and open-sourced the model weights. This model can directly generate images of 4096×4096, approximately 16.8 million pixels, without additional upscaling. According to official data, the generation time is less than 10 seconds, with speeds reaching up to 5 times that of mainstream products. Text-to-image and image editing have been integrated into the same model, supporting up to 16 reference images.H3-Image follows the architecture of the H3 video model, removing the audio component while retaining the original text encoder and redesigning the decoder for images. The core image generation network has 33.1 billion parameters, requiring only 6 sampling steps to generate an image. On August 7, MiniMax researcher Kiro revealed in a Reddit AMA that the team is developing a dedicated image model based on the H3 homogenous architecture and plans to open-source the weights. They also proposed a workflow where the image model generates the first frame, which is then handed over to H3 for video generation.On November 3, Pruna AI launched P-H3-Image based on the open-source H3 video model, supporting raw images and retouching, compressing the generation network from 33.1 billion to approximately 20 billion parameters, requiring only 8 sampling steps. The minimal quantization version is about 20 GB, with peak memory usage of approximately 21 GB when generating 8 million pixel images. The official MiniMax version retains the 33.1 billion parameter generation network, with a sampling step count of 6, and supports higher resolutions and more reference images, with the original weights plus the reused text encoder totaling approximately 135 GB. There are regional restrictions on the open-source license; the United States, United Kingdom, European Union, and South Korea are not within the community license authorization regions. Companies with annual revenues exceeding 1 million dollars or those providing model hosting services to third parties must obtain separate authorization in advance.

According to Cointelegraph, Brazilian cryptocurrency exchange Mercado Bitcoin announced that it plans to resume deposits and withdrawals in Brazilian Reais through Brazil's instant payment system Pix starting next week. This comes more than two weeks after the exchange's hot wallet was attacked, resulting in a loss of approximately 49 million dollars.Users can only withdraw to accounts under their own names, and the settlement earnings from fixed income products will also be credited. Cryptocurrency deposits and withdrawals are still suspended, and the exchange has not announced a specific date for resumption.

A South Korean trader @solyfw34 accused the cryptocurrency trading platform LBank of restricting account withdrawals and trading after he profited from contract trading, resulting in some positions being unable to be manually closed and ultimately being forcibly liquidated. Currently, approximately 1 million USDT remains inaccessible. The user stated that LBank did not provide specific evidence of abnormal trading.On November 10, LBank responded that it would not restrict accounts solely due to user profits, and that the relevant accounts were suspected of violating internal rules. The user's invested principal has been fully withdrawn, and the restricted funds have been identified as related to abnormal trading. LBank has hired a South Korean law firm and stated that it will take legal action against false and defamatory statements. On-chain investigator ZachXBT criticized LBank as an offshore low-quality centralized exchange and questioned several KOLs for using highly similar rhetoric to defend the platform.

Texas State Representative Ron Reynolds submitted HB 815, a bill that allows each city and county in the state to invest up to 10 million dollars of public funds in Bitcoin or other cryptocurrencies. The bill was submitted on the first day of the pre-filing period for the 90th Texas Legislature and will amend the Public Funds Investment Act by adding Section 2256.0165 "Authorized Investment: Cryptocurrency." If it becomes law, this authorization will take effect on September 1, 2027.The 10 million dollars is a cap for each city or county, not a statewide pooled fund, and school districts and other local governments subject to the investment law are not included. The bill adopts the definition of Bitcoin and cryptocurrency from last year's SB 21, which established the Texas Strategic Bitcoin Reserve, so cities or counties are not limited to Bitcoin. The bill does not introduce a requirement for the purchased tokens to have an average market value of at least 50 billion dollars over the past 24 months, nor does it include provisions for cold storage and qualified custodians, and it does not specify regulations for custody, digital asset audits, or loss handling.This bill is a narrowed version of last year's proposal. Reynolds previously submitted HB 4258 with Mihaela Plesa on March 10, 2025, allowing the state auditor to invest up to 250 million dollars from the Economic Stabilization Fund in Bitcoin or cryptocurrencies, and set the same 10 million dollar cap for cities and counties, but it did not become law. Texas's own reserve was established separately through SB 21, signed by Governor Greg Abbott in June 2025. The Texas State Auditor's Office purchased 5 million dollars of BlackRock iShares Bitcoin Trust on November 20, 2025, as a transition, and the second purchase brought the reserve's IBIT exposure to about 10 million dollars. The regular session of the 90th Legislature will convene on January 12, 2027, and the bill has not yet been submitted to committee.

Cryptocurrency trading platform Uphold announced that the previously encountered issue of cryptocurrency withdrawal interruptions has been resolved. The interruption was caused by a failure in its trading monitoring service provider, and the platform implemented measures during the outage.Uphold stated that during the process of addressing the issue, fiat currency deposits, fiat currency withdrawals, and trading functions continued to operate normally and were not affected by the interruption.

According to Bitcoin Magazine, Bitcoin financial services company Onramp has launched Onramp Business, a corporate account that supports named users, role-based permissions, and dual withdrawal approvals. This product is aimed at companies that wish to incorporate Bitcoin into their balance sheets but are reluctant to have it managed by a single login, single custodian, or single private key holder.The base account transaction fee is 0.85%, with Bitcoin stored at qualified custodians, typically completing verification within one business day. It supports up to three users, including the owner, administrator, and read-only roles, and provides audit trails. Onramp Treasury and Onramp Enterprise are being launched simultaneously at higher tiers.Onramp founder and CEO Michael Tanguma stated that he has seen companies decide to incorporate Bitcoin into their balance sheets over the years, but stall when the board asks who holds the private keys; Onramp Business allows companies to have the same control as a bank account, including named users, withdrawal approvals, and complete records. As holdings grow, Onramp Treasury stores them in vaults protected by three independent institutions, with no single party (including Onramp) able to transfer or access them.Bitcoin in free accounts is stored in cold storage at qualified custodians; multi-institution custody is provided by Onramp Treasury, starting at $375 per month, with transaction fees reduced to 0.65%. Bitcoin is moved into vaults held in the company's name, protected by a 2-of-3 multi-signature arrangement consisting of Onramp, Tetra Trust, and CoinCover.Onramp Enterprise is aimed at funds, miners, and large corporate treasuries, priced on a consulting basis. Onramp has been offering multi-institution custody since 2023, completing a $12.5 million Series A funding round in May, with a valuation of $135 million.

According to the Binance Research November 2026 market monthly report summary, the total market capitalization of the cryptocurrency market fell by 9.1% in October to $2.70 trillion. The report links the market correction to inflationary pressures, expectations of interest rate hikes by the Federal Reserve, and declines in technology stocks. During the same period, the net outflow from the US spot BTC ETF was approximately $516 million, while the net outflow from the ETH ETF was about $1.6 billion.The report also mentions that the five major AI investment companies had a total capital expenditure of $230 billion in the third quarter, which is 2.2 times their operating cash flow, with a total free cash flow turning negative to about -$32 billion. Demand for AI inference continues to grow, but the revenue scale of related cryptocurrency inference service providers remains small. In addition, the tokenized stock product bStocks reached $1 billion in assets under management within 125 days of its launch, with an on-chain utilization rate of 18.54%, higher than the industry average of 13.91%.

After the speech by Federal Reserve Governor Waller, the market has further increased its bets on the Federal Reserve raising interest rates, and it has now fully priced in the expectation that the Federal Reserve will raise rates by 25 basis points in December.Waller stated that even if the October CPI improves compared to September, it will still support a 25 basis point rate hike in December. If the October core CPI rises around 0.3% or higher, the Federal Reserve may need to raise rates by 50 basis points in December.

The Lightning Network project Lnfi Network tweeted that its withdrawal service has been restored.Previously, Lnfi Network tweeted that the team had discovered issues related to withdrawals and was in the process of maintenance and repair. The withdrawal function had been temporarily suspended, and the pending withdrawal amounts would be fully refunded to the users' balances.

The Vice President of Engineering at the prediction market platform Polymarket, Josh Stevens, announced that the platform has launched a withdrawal address whitelist feature. Users can lock the withdrawal address of their deposit wallet, and adding a new address requires email verification and setting a 48-hour time lock. Operations not performed by the user can be canceled via email.Stevens stated that even if a session is compromised or a malicious transaction is mistakenly signed, funds cannot be transferred to an uncontrolled address. This feature can be enabled in "Settings - Account," and Passkey support will be launched soon. The team is developing a migration tool for non-deposit wallets and will introduce advanced built-in security protections that do not require manual activation.

The CEO of the cryptocurrency trading platform MEXC, Vugar Usi, stated that after the Financial Crimes Enforcement Network (FinCEN) issued a restriction order against MEXC Global, the platform has established contact with FinCEN with the assistance of top law firms in the United States. FinCEN confirmed on Monday morning local time that it received MEXC's written request, and the platform is prepared to fully cooperate with the relevant investigation.Usi emphasized that MEXC is currently operating normally, with deposit, withdrawal, and trading functions all running smoothly. Previously, on November 6, FinCEN issued an order prohibiting U.S. regulated financial institutions from processing fund transfers involving MEXC Global, accusing it of handling at least $16 billion related to sanctions evasion and cybercrime. The restriction order has not yet been lifted.

Community user @is9203029798693 posted that they invested approximately 3,000 USDT in Lista-related products through Binance Wallet, and after more than a year, they are still unable to redeem it. They have contacted customer service multiple times without resolution.Lista DAO responded on November 10, stating that the involved treasury is independently managed by a third party, MEV Capital, and is not a self-operated treasury of Lista. MEV Capital is responsible for fund management and user assets, and has already filed a lawsuit against Stables Labs. Lista DAO stated that it only provides underlying lending infrastructure and cannot directly intervene in the risk parameters of third-party treasuries, and will continue to assist in resolving the issue.