aw

TeraWulf, a Bitcoin mining company listed on NASDAQ, announced its third-quarter financial report, revealing that its Bitcoin mining revenue dropped from $43.4 million in the same period last year to $13.2 million, a decrease of approximately 69%. During the same period, high-performance computing (HPC) leasing revenue reached $63 million, an increase of 774% compared to $7.2 million in the same period last year. Total revenue was $76.2 million, a year-on-year increase of 51%, with HPC leasing contributing 83%, compared to only 14% in the same period last year.The company's net profit attributable to shareholders for the third quarter was $709.9 million, which included a non-cash gain of $728.4 million from the fair value changes of warrants and derivative liabilities; operating losses widened from $24.7 million in the same period last year to $88.2 million, with adjusted EBITDA at negative $12.8 million. As of the end of the quarter, the company held approximately $2.4 billion in cash, cash equivalents, and restricted cash.TeraWulf previously signed a 20-year lease with Anthropic to provide approximately 401 megawatts of critical IT capacity for its Justified campus in Kentucky, with contract revenue of about $19 billion during the initial term. This week, the company announced it received credit backing from Google for project financing and signed an engineering, procurement, and construction agreement with Fluor Enterprises covering three data center buildings, with the first phase expected to be delivered by the end of 2027. As of September 30, its Lake Mariner campus in New York had already generated revenue from 102 megawatts of critical IT capacity, with an additional 336 megawatts under construction; the contracted power capacity at the Muskie campus in Kentucky has been increased from 500 megawatts to 1 gigawatt, pending regulatory approval.

According to on-chain analyst Yu Jin's monitoring, a certain address has recently withdrawn a total of 9,777 ETH from Binance over the past 4 days, worth 22.53 million USD, with an average price possibly around 2,304 USD.

According to the market intelligence platform Liquid247.xyz, Coinbase's spot BTC has about 85.97 buy orders at the $75,000 level, with a nominal value of approximately $6.4478 million, which is about a 1.35% pullback from the mid-price of around $76,026 at that time. The total buy orders at the near end are approximately $27.4361 million, while the sell orders are about $9.1432 million.Coinbase's spot buy orders are net long by about $18.2929 million, accounting for 50.01% of the total depth. This buy order is the most prominent support at the near end, and if a large market order occurs, it may provide strong support for the current price.

Bull Bitcoin, a Bitcoin-exclusive exchange, announced a deep integration with Payjoin, claiming to be the world's first Bitcoin exchange to offer Payjoin as a deposit and withdrawal option, introducing two new concepts: "default Payjoin" and "Payjoin transaction." Founded in 2013 by Francis Pouliot in Canada, Bull Bitcoin is the longest-operating Bitcoin-exclusive exchange globally, with its non-custodial platform allowing users in Canada, Europe, and Latin America to buy Bitcoin directly into their wallets or sell Bitcoin to bank accounts. The company also developed the free and open-source Bitcoin self-custody wallet BULL Wallet, which has been self-funded since its inception.Payjoin is an on-chain privacy protocol for Bitcoin that breaks the fundamental assumptions made by on-chain analysis companies about user behavior, such as the assumption that one of the unspent transaction outputs (UTXO) generated by a transaction is change returned to the sender. The protocol adds a layer of off-chain coordination that obscures user intent by making the amounts sent and returned ambiguous, thus protecting on-chain privacy without requiring a hard or soft fork of the Bitcoin consensus. When BULL Wallet users buy and sell Bitcoin on-chain through the built-in exchange, transactions will default to using Payjoin, helping buyers passively aggregate UTXOs in their wallets, reducing future Bitcoin miner fees while shrinking the Bitcoin UTXO set size and alleviating fee pressure for all users.Payjoin transactions are used to protect users from malicious actors attempting to glean their financial habits through on-chain analysis. Since Bitcoin transaction amounts are public, outsiders may infer personal salaries or investment strategies, and as a non-custodial exchange, Bull Bitcoin leaves an on-chain trace for every transaction. In December 2024, BULL Wallet became the world's first wallet to integrate the Payjoin V2 protocol, a project advanced in collaboration with Dan Gould and the Payjoin Dev Kit team, with all related wallet and exchange software being completely free and open-source. Users only need to download BULL Wallet, create a Bull Bitcoin exchange account, and log in through the BULL mobile app, with the rest of the process being automated.

According to Coinglass data, the total liquidation across the network in the past hour has expanded to 305 million USD, with long positions liquidated at 287 million USD and short positions liquidated at 17.52 million USD.In addition, the liquidation amount for Bitcoin reached 89.01 million USD, while the liquidation amount for Ethereum reached 43.80 million USD.

The International Institute of Finance (IIF) reported that in October, emerging market equities saw an outflow of 31.7 billion dollars, and debt experienced an outflow of 2.1 billion dollars.

Coincheck announced that due to a malfunction of the external on-chain analysis service it uses, as of November 5th, 0:04 Japan time, there has been a delay in processing cryptocurrency deposit and withdrawal requests on the platform.To address the malfunction, Coincheck has temporarily stopped accepting new cryptocurrency withdrawal requests and has canceled some withdrawal requests that have not yet been processed. Some requests will be temporarily retained and will be re-evaluated once the system is restored.Coincheck stated that this incident was caused by an external service failure, and there has been no unauthorized access to the platform, nor has there been any security incident affecting user assets. User-held assets remain securely stored. Canceled withdrawal requests have had their corresponding assets returned to the user's Coincheck account balance, while deposit processing delays are still ongoing. The platform will gradually process requests once the relevant systems are restored and will announce the service recovery time separately.

According to Lookonchain monitoring, Bitcoin ETFs have seen a net outflow of 14,117 BTC in the past 7 days, worth approximately 1.12 billion USD; Ethereum ETFs have experienced a net outflow of 177,044 ETH in the past 7 days, worth approximately 422.75 million USD.In terms of daily data, Bitcoin ETFs had a net inflow of 208 BTC, worth approximately 16.56 million USD; Ethereum ETFs had a net inflow of 16,825 ETH, worth approximately 40.18 million USD.

According to Digital Asset, the Civil Division 63 of the Seoul Central District Court in South Korea dismissed all lawsuits filed by Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, against its competitor, the second-largest cryptocurrency exchange Bithumb, and ordered Dunamu to bear all litigation costs.Previously, Dunamu accused Bithumb of copying its API documentation and sought compensation of approximately 200 million Korean won (about 140,000 USD).

The trading atmosphere in the Hong Kong stock market continues to heat up, with several concept stocks experiencing strong gains. According to data from the Gate platform's Hong Kong stock market, the top three stocks in terms of increase are: Jumbo Group (01920) up 24.13%, currently at HK$0.36; Yingmei Holdings (02028) up 18.35%, currently at HK$1.87; and Junda Co., Ltd. (02865) up 18.09%, currently at HK$14.10.Gate's stock trading services have covered five major markets: US stocks, Hong Kong stocks, Korean stocks, Japanese stocks, and Taiwanese stocks, supporting over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, over 1,000 Korean stocks, about 300 Japanese stocks, and 19 Taiwanese stocks, totaling coverage of more than 12,800 stocks and ETF assets globally.Gate allows users to participate in global stock trading using USDT in a one-stop manner and offers fractional trading starting from a minimum of 0.01 shares along with corresponding stock dividend rights. The platform also supports cross-brokerage transfer of US and Hong Kong stocks and accommodates corporate actions such as stock splits and consolidations, further optimizing the stock investment service experience.

According to a report by Huang Xinyi from the Science and Technology Innovation Board Daily, at the HarmonyOS Office Industry Summit, Huawei launched its first HarmonyOS desktop computer, the Huawei Qingyun HM650 series, and simultaneously released the HarmonyOS Computer Enterprise Edition, enhancing government and enterprise terminal deployment, device management, and data security capabilities.According to on-site reports from IT Home on November 5, the 2026 HarmonyOS Office Industry Summit was held in Wuhan. Zhu Dongdong, President of Huawei's Terminal Tablet and PC Product Line, announced that the Qingyun HM650 series has achieved 100% localization certification, is equipped with the Kirin X90 chip, and has improved overall performance by 15% through software and hardware collaboration. It also debuts with the HarmonyOS Computer Enterprise Edition, supporting features such as HarmonyOS AI, Xiao Yi Work, Xiao Yi Deep Research, and Xiao Yi Smart Note. Huawei's Executive Director Yu Chengdong stated that the cumulative shipment of HarmonyOS computers has surpassed one million units.

According to SoSoValue data, the cryptocurrency market sector has generally rebounded, with the DePIN sector rising 5.79% in 24 hours, among which Aethir (ATH) increased by 9.91% and Render (RENDER) rose by 9.23%. During the same period, Bitcoin increased by 4.94%, breaking through $80,000; Ethereum rose by 7.21%, surpassing $2,400.MAG7.ssi rose by 4.37%, DEFI.ssi increased by 4.11%, and MEME.ssi went up by 3.54%. In other sectors, the RWA sector rose by 5.47% in 24 hours, with Ondo Finance (ONDO) increasing by 7.25%; the Layer2 sector rose by 5.28%, with Stacks (STX) increasing by 11.31%; the PayFi sector rose by 4.89%, with Dash (DASH) increasing by 8.99%.The DeFi sector rose by 3.97%, with Raydium (RAY) increasing by 17.73%; the Layer1 sector rose by 3.74%, with Injective (INJ) increasing by 12.41%; the CeFi sector rose by 3.67%, with Cronos (CRO) increasing by 5.21%; the Meme sector rose by 3.11%, with Useless Coin (USELESS) increasing by 14.01%. The cryptocurrency sector index reflecting historical market trends shows that the ssiDePIN, ssiRWA, and ssiLayer2 indices rose by 6.29%, 5.79%, and 5.74%, respectively.

TeraWulf announced that it has signed a credit support agreement with Google to provide financing support for its Justified data center campus project in Hawesville, Kentucky, USA, which corresponds to a long-term lease commitment of approximately $19 billion signed with Anthropic. Google will provide contractual credit support for the expected debt financing, and Alphabet's senior unsecured debt currently holds a rating of AA+ from S&P and Aa2 from Moody's.According to the project schedule, the relevant data centers are expected to begin phased delivery by the end of 2027 and continue into the second quarter of 2028. TeraWulf stated that this agreement will further enhance the project's financing framework and strengthen construction execution capabilities, driving its long-term AI and high-performance computing (HPC) leasing demand into sustainable cash flow.

According to a case published by the People's Court of Fusui County, Guangxi, in 2020, a couple in their seventies, referred by an acquaintance, participated in an overseas virtual currency mining machine financial management project, initially investing 4,200 yuan and successfully recovering the principal, followed by additional investments of over 60,000 yuan.In December 2020, the involved platform was shut down, and the funds could not be withdrawn. In early 2026, the couple sued the investment introducer and the actual operator, demanding the return of all investment funds and interest.The court found that the virtual currency investment behavior involved violated relevant financial regulatory provisions and contravened public order and good morals, rendering the entrusted financial management contract invalid. The investment losses primarily stemmed from the illegality of virtual currency trading itself and platform risks, rather than being directly caused by the actions of the trustee. Based on this, the court dismissed the plaintiff's lawsuit, and the second instance upheld the original judgment, which has now taken effect.

Strategy founder and chairman Michael Saylor posted on X that Florida has elected a Republican governor who supports a U.S. Bitcoin reserve, and Texas has elected a Democratic senator who previously voted in favor of establishing a Bitcoin reserve in the state. The reasons for holding Bitcoin transcend party lines.In the 2026 midterm elections, Republican federal representative Byron Donalds defeated Democrat David Jolly to become the governor of Florida. He proposed H.R. 2112, which aims to provide legal authority for an executive order to establish a federal strategic Bitcoin reserve and digital asset reserve, and stated during his campaign that Florida already has proposals for establishing a strategic reserve.Democratic state representative James Talarico defeated Republican Ken Paxton to become the federal senator from Texas, making him the first Democrat to win a statewide election in the state since 1994. Legislative records show that he voted in favor of SB21, which aimed to establish a strategic Bitcoin reserve in Texas during his time as a state representative. Texas Governor Greg Abbott has signed related legislation in 2025.

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.

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 Gelonghui, citing the China Academy of Information and Communications Technology, on November 4, a joint release of the "Self-Regulatory Convention for the Development of Intelligent Agents" was made by 20 entities including the China Academy of Information and Communications Technology, Huawei, Alibaba, Tencent, and Xiaomi.The convention mentions the construction of interconnected infrastructure for intelligent agents, co-building interoperable infrastructure, developing technologies and standards for intelligent agent registration and resolution, capability description and discovery, intent understanding and transformation, network routing and connection, resource scheduling and measurement, protocol compatibility and mutual recognition, continuously reducing the cost of cross-domain discovery and connection for intelligent agents, and supporting the interconnected collaboration of intelligent agents.The convention also mentions accelerating the empowerment of intelligent agents across various industries, adhering to serving the real economy, developing low-threshold tools for intelligent agent development and deployment, collaborating on research and development of intelligent agents aimed at real operational scenarios that create actual value, promoting the embedding of intelligent agents into existing production systems and business processes, creating benchmark applications, continuously reducing the cost of implementing intelligent agents, and assisting industries in improving quality and efficiency.