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According to a notice from the U.S. Department of Justice, former Federal Bureau of Investigation (FBI) agent Patrick Steven Yaroch pleaded guilty to telecommunications fraud and money laundering on November 5. He exploited his position to obtain cryptocurrency vouchers collected during FBI investigations, executing approximately 100 fraudulent transactions involving 35 separate investigations, and illegally profiting about $2.4744 million.According to court documents, the assets stolen by Yaroch came from wallets controlled by investigation subjects and hostile state actors, as well as at least one wallet created by the FBI for operations. He concealed the source of the funds by exchanging currencies and making multiple transfers, and used part of the funds to pay off personal debts. The Department of Justice stated that his actions compromised multiple investigations and related intelligence sources and methods. Sentencing is scheduled for March 4, 2027, and he faces a maximum of 20 years in prison.

Bitcoin News posted on platform X that the publicly listed Bitcoin mining company Core Scientific sold 816 BTC in the third quarter, accounting for 96% of its holdings; as of September 30, it only held 32 BTC on its balance sheet.Core Scientific held over 9,600 BTC at its peak in 2022, and management stated that its Bitcoin mining operations will end on December 31, 2026. Third-quarter revenue was $233 million, with hosting business revenue at $215 million and mining business revenue of approximately $17.5 million; its power contracts with AI clients CoreWeave and AMD totaled 1.12 gigawatts.

According to Bloomberg, over the past two years, the cryptocurrency industry has enjoyed a rare political advantage in Washington: the U.S. President has prioritized digital assets as a national priority, regulators have paved the way for it, and the Republican-controlled Congress has been sympathetic to its agenda. With the Democratic Party's significant victory in the midterm elections and control of Congress, the cryptocurrency industry is facing stricter rules and closer scrutiny of Trump's cryptocurrency business, and its political advantage is waning.The Democratic Party has indicated plans to impose stricter ethical constraints, stronger consumer protections, and to give the SEC a greater role in regulating digital assets. Cryptocurrency critics Maxine Waters and Elizabeth Warren are expected to wield greater influence in the House Financial Services Committee and the Senate Banking Committee, respectively. However, many of the cryptocurrency industry's achievements are difficult to reverse, such as the stablecoin bill which requires new legislation to be repealed.

According to Mira's official tweet, Mira launched the AI inference validation routing product Sterling on November 5, aimed at addressing the issue where the models users pay for in the current API market do not match the actual execution models (such as providers secretly downgrading models or sabotaging tool calls).Sterling conducts round-the-clock testing and public scoring of various API providers, evaluating dimensions including model identity, tool calls, parameter compliance, silent failures, and statement context. Users only need to change the Base URL to route requests to validated providers. A disclosed study conducted by Mira over a period of 4 months, covering 189 endpoints, found that 29 endpoints had 37 undisclosed changes.Sterling is currently in the Beta phase. The product supports pay-as-you-go, with settlement supporting USDC (via the x402 protocol) or $MIRA tokens. At launch, the inference prices for Claude, GPT, and Gemini can be up to 50% lower than the official listed prices.

According to Observer Network, Zhang Qingyu, the abbot of Donglin Temple in Yilan, Taiwan, and his son Zhang Weifu, who has already become a monk, are suspected of embezzling donations. During the investigation, officials searched the temple and dug up more than ten iron boxes hidden underground in the gravel outside the meditation room, with a market value exceeding 330 million New Taiwan Dollars (approximately 7 million USD).The investigation shows that temple funds were transferred to private accounts and laundered through the purchase of virtual currencies and gold and silver. The case is still under investigation.

Cryptocurrency analyst Murphy stated that on November 5, there was a noticeable panic in the market, with the spot active trading volume differential (SVD) on trading platforms severely skewed towards sellers. The selling pressure reached the highest level since the start of this round of market trends in August, even surpassing the active selling pressure triggered by the Binance security incident on October 30.Murphy pointed out that the continuously increasing active selling pressure has driven prices further down, but it is still not possible to determine whether the buying capacity has strengthened. Only when the next occurrence of a similar scale of active selling pressure does not lead to a significant price drop can it be indicated that the depth of buyer orders may have improved. He believes that the Binance black swan event and the sharp decline in U.S. stocks have consecutively impacted the market in the short term, significantly undermining bullish confidence. It may take several weeks or even a month or two for the market to digest the panic sentiment, and the probability of a direct V-shaped rebound in the short term is low. Moving forward, attention should be focused on investor behavior, market sentiment, and changes in chip structure.

U.S. California Democratic Representative Maxine Waters officially announced her candidacy for the chair of the House Financial Services Committee and outlined her policy agenda in a letter to Democratic members. It is reported that the Democrats will decide on key committee positions in the coming weeks.In the cryptocurrency sector, Maxine Waters proposed to establish "strict but fair regulatory rules" for compliant cryptocurrency businesses and to strengthen scrutiny of the digital asset industry. She also plans to promote legislation that enables the financial system and economy to better respond to the impacts brought by AI, and to focus on the regulation of the private equity industry, consumer fees, credit reporting, and reforms in housing mortgage financing.Maxine Waters has served as the Democratic chief member of the House Financial Services Committee since 2013. Additionally, Illinois Democratic Representative Sean Casten has also announced his candidacy for the committee chair, with his policy agenda similarly addressing emerging risks brought by cryptocurrency, prediction markets, and artificial intelligence, and proposing to strengthen oversight of corporate and consumer fraud.

According to the market information platform Liquid247.xyz, the current price of ETH is $2,238.88. The thickest order book is on Binance spot: buy orders at $12,156,200, sell orders at $7,939,100, with buy orders exceeding sell orders by $4,217,100.Binance perpetual sell orders are thicker than buy orders, with a net difference of $6,995,100. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

According to reports from multiple media outlets including Decrypt, the U.S. Attorney's Office for the Eastern District of Virginia stated that former FBI agent Patrick Steven Yaroch pleaded guilty on November 5 in federal court in Alexandria to charges of telecommunications fraud and money laundering.He used stolen credentials to conduct approximately 100 fraudulent transfers from 35 cryptocurrency wallets involved in FBI investigations, stealing about $2.47 million in cryptocurrency assets, and concealed the source of the funds through methods such as exchanging tokens. Some of the funds were used to pay off debts such as credit cards and auto loans. Yaroch faces a maximum of 20 years in prison, with sentencing scheduled for March 4, 2027. Previous reports indicated that the amount involved was approximately $1 million.

According to Bloomberg, the United States and Iran are gradually approaching a potential breakthrough to end the war, with Tehran showing a willingness to discuss issues related to its nuclear program that it had previously been reluctant to address.Iran is exploring a proposal put forward by Qatar, and if concessions are made, it could lead to significant progress in the negotiations.

According to blockchain analysis company Elliptic, as of November 6 at 16:45 Beijing time, approximately 1,650 BTC (about 124 million USD) related to the Binance theft incident has entered new Bitcoin addresses, nearly double that of the previous day. The newly added portion mainly comes from exchanging XRP for Bitcoin through THORChain: hackers transferred 233 million XRP into 6 new addresses on November 2, of which about 42 million (approximately 50 million USD) has been withdrawn, leaving about 192 million (approximately 226 million USD). In addition, a small amount of ETH was also exchanged for Bitcoin through THORChain on the evening of November 5.

The Ethereum Foundation published a blog, reminding contract developers and auditors to check whether their projects rely on 8 Gas billing assumptions, which will no longer hold due to the adjustments in Gas charging methods in Glamsterdam with EIP-8037 and EIP-8038. The Ethereum Foundation has established a code repository that provides explanations, examples, and keywords for self-checking related to each assumption. Affected projects can contact the team via email.The team is collaborating with several auditing companies and conducting internal audits, but it cannot cover all projects on Ethereum and their on-chain and off-chain code. The Ethereum Foundation announced on October 23 that it has postponed the Glamsterdam upgrade originally scheduled to be activated on the Hoodi testnet, with a new activation time yet to be determined. Ethereum Foundation researcher Toni Wahrstätter stated on October 26 that the reason for the delay was a report from ChainSecurity that revealed issues with EIP-8037 when interacting with certain contracts, and its impact is now largely understood.

According to Arkham monitoring, Morgan Stanley has transferred a total of 9,297 SOL suspected of being sold to Coinbase through its subsidiary Solana exchange-traded fund MSOL in the past two days, and currently holds about 510,000 SOL, valued at 45.79 million USD.In addition, Morgan Stanley spent 3.41 million USD yesterday to buy 43 BTC on dips through its subsidiary Bitcoin exchange-traded fund MSBT, bringing its total Bitcoin holdings to 10,893 BTC.

According to the market information platform Liquid247.xyz, the current price of ETH is $2,224.44. The largest buy order is on Coinbase with $12,569,400, while the sell order is $9,012,300, resulting in a buy surplus of $3,557,100.The spot buy orders on Binance are also thicker than the sell orders, but the scale is smaller than that of Coinbase. If a large buy or sell order suddenly appears, the exchanges with thinner order books will be affected first, and the price fluctuations will be more pronounced.

According to Jinshi Data, Hong Kong tech stocks weakened in the afternoon, with Alibaba (09988.HK) falling nearly 5%, Xiaomi Group (01810.HK) and Tencent Holdings (00700.HK) dropping over 3%, and Kuaishou (01024.HK) and JD.com (09618.HK) also following the decline.

According to Lookonchain monitoring, "Brother Maji" Huang Licheng has faced liquidation again. In the past 4 days, he sold 15 NFTs at a loss of $505,000, and the $223,000 raised was quickly lost again.Currently, he has accumulated a loss of $909,000 on Papertrade and an accumulated loss of $37.4 million on Hyperliquid.