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Binance Research's latest report indicates that while institutional funds have significantly entered the cryptocurrency market, they are primarily flowing into passive Beta products (such as ETFs), and the actively managed sector has not kept pace.The core reason is not a lack of talent or returns, but rather the absence of a middle layer that connects funds with managers for discovery and verification. Currently, the funding sources for active cryptocurrency strategies still heavily rely on personal networks and conferences, lacking a standardized performance verification and benchmarking system.Research shows that 80% of asset allocators prioritize asset safety over historical returns, and verified trading platform data can significantly enhance due diligence. Managers believe that unverifiable performance and lengthy compliance reviews are the biggest obstacles to fundraising.Capital Connect data shows that directional strategies account for 44.3% of the total number of funds but hold only 6.7% of the capital; market-neutral, statistical arbitrage, and traditional multi-strategy funds make up less than half but attract 92.1% of the capital. The average single investment size from institutions in neutral strategies is about 11 times that of directional strategies.In October, BTC fell by 7.2%, with directional funds averaging a positive return of 1.9%, while neutral strategies recorded 1.0%. Binance Research concludes that institutional preferences and the introduction of traditional structures are driving the market towards maturity, but allocators remain highly selective. Only a comprehensive verification system and operational infrastructure can truly unlock the inflow of actively managed funds.

According to Fortune magazine, Layer 1 blockchain development company Alta, aimed at banks and large financial institutions, announced on Tuesday the completion of a $47.5 million Series A funding round, but did not disclose the company's valuation. This round was led by Index Ventures, with participation from GV (Google Ventures), Blackbird Ventures, Square Peg, and Capital49.Previously, the company had completed a $32.5 million seed funding round, primarily supported by Australian fintech giant Airwallex. Airwallex is currently competing in the global payments market with companies like Stripe.Alta's CEO Loong Wang previously founded a cryptocurrency startup, which he sold in 2021, and then turned to a second startup that uses quantum computing technology to assist in drug development. After that, Wang returned to the cryptocurrency field and co-founded Alta with former Meta executive Catherine Porter. The company was recently renamed from its original name Metal. Porter was involved in Meta's later abandoned cryptocurrency business.In an interview, Wang stated that despite the presence of many so-called Layer 1 blockchains in the market, he still decided to develop a new blockchain because he believes it is the best technology for transferring funds. He also pointed out that existing blockchains do not provide a complete set of privacy protection and compliance tools specifically designed for banks and other large financial institutions.

According to SolanaFloor, Layer 33, composed of independent Solana validators, is calling for a pause on the removal of validators under the new rules of the Solana Foundation Delegation Program (SFDP).The new rules group existing members for removal on a weekly basis and limit participation to 12 months, after which validators will lose staking support from the program. The organization warns that the new program's cap of 100 validators and the 12-month limit "are detrimental to decentralization," will push out experienced independent operators, and will concentrate staking in the hands of large validators.

According to the security agency Blockaid, the Ethereum execution client Reth and its derivative client op-reth have a state root calculation error that affects several EVM blockchains, including multiple OP Stack chains. Unfixed nodes may experience synchronization stalls or return incorrect state proofs (eth_getProof). This issue is classified as a client correctness defect and is not a known attack event; no financial losses have been detected so far.Reth merged the fix code on November 3, with the fixed versions including reth v2.10.0, op-reth v2.8.1, and Base node-reth v1.5.3. As a precaution, the cross-chain interoperability protocol LayerZero has suspended the off-chain infrastructure of some affected chains, resulting in delays for related cross-chain messages, but no messages will be lost; some protocols have also suspended deposits or cross-chain routing. Blockaid recommends that relevant node operators and RPC service providers upgrade as soon as possible.

Zilliqa stated that operating independently as Layer 1 for the past nine years has not achieved the expected success, with insufficient usage, funding, and liquidity, and recent security incidents have highlighted the high maintenance costs of an independent chain.The team has decided to adjust its direction, and Zilliqa will transform into Zilliqa Institutional Layer (ZIL), becoming a regulated Ethereum Layer 2. The ZIL token will continue to be retained, and holders do not need to take any action at this time. Technical details will be announced in advance, and any exchanges or migrations will be based solely on official announcements from the website.

According to the proposal from the Sky Ecosystem Forum, the Sky protocol plans to implement several adjustments in the Osero Spell on November 19, connecting the Ethereum mainnet with the Osero liquidity layer on Base, and enabling cross-chain transfer of USDC through the Circle Cross-Chain Transfer Protocol (CCTP).It is reported that this upgrade plan will integrate the Osero x Gauntlet USDC Prime Vault (Morpho Vault V2) managed by Gauntlet on Base, with the initial configuration of USDC funds. The proposal involves a total of 7 adjustments on the Ethereum mainnet and Base, including enabling CCTP functionality on both chains, configuring cross-chain USDC transfer limits, setting up a permission management mechanism on the Base side, and integrating the USDC vault.

BOX announced a partnership with NVIDIA to provide a trusted content layer for enterprise AI.

According to the announcement from Factory, the enterprise-level AI software engineering company Factory has announced the acquisition of the coding intelligence collaboration platform HumanLayer, with co-founders Dex Horthy and Kyle Mistele joining.The HumanLayer platform will be open-sourced, supporting users to export data and migrate to Factory or self-host the open-source version during the transition period.

ApeChain will migrate cross-chain infrastructure within the Yuga Labs ecosystem, and assets such as APE and USDC will be upgraded to Chainlink cross-chain tokens.

Ethereum Layer 2 data platform L2BEAT announced its rebranding to ETHBEAT. The team stated that their work has clearly exceeded the scope of Layer 2, and the new name aligns with their new mission. The name change does not signify a abandonment of Layer 2 coverage; relevant monitoring will continue, but Layer 2 will no longer be the sole focus. The current emphasis is on confirming whether systems built on Ethereum truly deliver the assurances of Ethereum to users.L2BEAT was launched over five years ago, with the initial goal of organizing the rapidly developing Ethereum Layer 2 at that time. The team tracked adoption through dashboards, starting with total locked value, later adjusting to total assurance value, and expanding to data such as activity levels; they also reviewed the source code of deployed smart contracts to assess whether these systems inherit Ethereum's security guarantees.ETHBEAT will bring its existing transparency and review methods to a broader Ethereum ecosystem and collaborate with other Ethereum organizations. Layer 2 remains one of the core areas, alongside privacy and the upcoming liquid staking, while cross-chain interoperability, tokens, zero-knowledge proofs, native Rollups, and foundational layer changes will also continue to be tracked. The team also launched the CROPS guide, which includes projects that meet principles of anti-censorship, open-source, privacy, and security. Its mission is to help users understand and reduce reliance on intermediaries, clarifying whom users must trust, what these entities can do, and whether users can still exit after other participants withdraw.

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 Catcher Predict monitoring, in the market prediction event "LoL: Top Esports vs. Invictus Gaming World Championship Playoffs" on Polymarket, the "Yes" option win rate for the sub-market "Any Player Pentakill" has experienced a sharp fluctuation, dropping from 49% an hour ago to the current 20% (a fluctuation of 29%). Please note the impact of relevant breaking news.

According to Catcher Predict monitoring, in the market prediction on Polymarket for the event "LoL: Hanwha Life Esports vs. Bilibili Gaming - World Championship Group Stage," the "Yes" option for the sub-market "Any Player Quadra Kill" has experienced a dramatic fluctuation in win rate, soaring from 50% an hour ago to the current 90% (a fluctuation of 40%). Please note the impact of relevant breaking news.

According to Catcher Predict monitoring, in the market prediction event "LoL: Team Liquid vs LOS - World Championship Group Stage" on Polymarket, the "Yes" option for the sub-market "Any Player Pentakill" experienced a sharp fluctuation in win rate, dropping from 47.5% an hour ago to the current 30.5% (a fluctuation of 17%). Please note the impact of related breaking news.

According to Catcher Predict monitoring, in the market prediction event on Polymarket "LoL: Karmine Corp vs. CTBC Flying Oyster World Championship Group Stage," the "Yes" option for the sub-market "Any Player Pentakill" has experienced a dramatic fluctuation in winning probability, soaring from 10% an hour ago to the current 45.5% (a fluctuation of 35.5%). Please note the impact of related breaking news.