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Quantitative researcher ahzam stated that he will join Proof as the head of quantitative research, working alongside Squid and the team to build a new type of market. ahzam mentioned that he has been working at VelocityDEX and Drift since early 2025, and in recent months the team has undergone a complete reconstruction of the exchange, where he was responsible for most of the exchange's economic models and program development. ahzam also indicated that he has been working on perpetual contracts almost every day for the past two years.ahzam noted that he has been paying attention to Proof since Squid began experimenting with conditional contracts, viewing it as a new asset class that combines perpetual contracts and prediction markets, with related work focusing on fair pricing and exchange design. ahzam stated that he will travel to London to attend Breakpoint. Proof is driven by Squid and is positioned as a conditional perpetual and multi-world market exchange; VelocityDEX is a perpetual contract exchange on Solana, renamed from Drift. ahzam's personal profile shows that he was previously a quantitative researcher at VelocityDEX and has worked at AsgardFi.

According to official news, Frax Finance announced the launch of the FRAX burn engine, which will use protocol revenue for programmatic buybacks and the destruction of FRAX. According to its third-quarter report, the revenue generated from frxETH will flow into this engine in the fourth quarter.The total locked value of frxETH is currently 120 million dollars, and from the ETH staking revenue it generates, Frax retains 8% as a protocol fee, 100% of which will be used to purchase FRAX on the open market and destroy it.

The advisor BA Labs of the DeFi lending protocol Sky has proposed a plan to suspend new borrowings from the Core Vault. Data disclosed by BA Labs shows that there are currently 771 open vaults with a total debt of 376.33 million USDS.According to the proposal, borrowers can still make normal repayments and manage their collateral during the suspension period, but they will not be able to borrow new USDS. This adjustment targets new borrowing exposure, and existing positions will not be affected.

Solana officially stated that Akash's token AKT has been launched on Solana through Sunrise. The Akash community previously passed a governance proposal to migrate to Solana.

SpaceX announced two new projects representing over 74 billion dollars in U.S. planned investments.

SpaceX announced that its new project is expected to support over 500 long-term positions after it becomes operational.

Bitcoin News posted on platform X that the Brazilian exchange Mercado Bitcoin reopened read-only accounts a week after being attacked, resulting in an estimated loss of about 49 million dollars. Users can view their balances as of the day the attack occurred, but withdrawals are currently not possible, and the exchange has not announced a timeline for resuming withdrawals.Mercado Bitcoin stated that it has 4.8 million customers and will cover all losses with company funds, but has not explained how the attackers accessed its wallets. After withdrawals are resumed, they will only be processed through Pix, and users will need to reconfirm their information, with withdrawals only allowed to accounts under their own names.

According to Bloomberg, the crypto market maker Wintermute has become the main user of Hyperliquid's priority data auction mechanism. This mechanism allows traders to bid for the right to view incoming buy and sell orders before they are processed by the exchange, giving them a few milliseconds to adjust their quotes or hedge on other platforms.Blockchain analytics platform Loris Tools found that in the past month, a wallet associated with Wintermute won about 76% of the highest priority data slot auctions.This mechanism has raised questions about whether it favors large trading firms. DRW founder Don Wilson previously questioned whether it is fairer than the server hosting mechanisms of traditional exchanges and whether it can meet U.S. regulatory requirements.The founder of Loris Tools believes that to fully leverage this speed advantage, direct connections to nodes operated by the Hyperliquid Foundation are necessary, and this access has trading volume and token staking requirements.Wintermute founder and CEO Evgeny Gaevoy stated that the auctions are more transparent than the low-latency networks and server hosting of traditional finance, and the company primarily uses this service for cryptocurrency trading. Hyperliquid Labs stated that anyone can participate in the bidding, and all priority fee payments are publicly recorded on-chain.

According to Bitcoin News monitoring, Coinkite CEO Rodolfo Novak (NVK) stated that a new AI model discovered a Coldcard vulnerability that was missed by human reviewers, which Bitcoin developers have disputed. This vulnerability exists in firmware versions 4.1 and later and can bypass the hardware random number generator.Between July 30 and August 4, over 5,200 addresses lost approximately 1,816 BTC, worth about $116 million. NVK mentioned that there had been at least 15 prior reviews.James O'Beirne stated that he privately pointed out issues with Coldcard's random number generation in May 2025. Firmware updates can fix issues for new devices but cannot fix old mnemonic phrases; affected users need to generate new mnemonic phrases.

According to monitoring by Lookonchain, after the news of Jensen Huang stepping down as CEO of Nvidia was announced, a trader's long position in NVDA contracts was completely liquidated, involving 9,959 units, worth approximately 1.54 million dollars.

The NVIDIA board announced today that Jensen Huang has resigned from all positions as President, CEO, and board member of the company, effective immediately. The company has not arranged for him to take on any advisory or other formal roles. Current CFO Colette Kress will serve as interim CEO, and the board has initiated a formal search for a successor.Jensen Huang currently has a relationship with NVIDIA only as a major shareholder, holding approximately 3.6% of the shares (previously disclosed as about 871 million shares, most of which are held jointly with his wife), with a significant market value, ranking among the top investors. As a common shareholder, he enjoys corresponding voting rights and economic benefits, but cannot independently control the board or company decisions (NVIDIA has a single class common stock structure, with no dual-class super voting rights).The NVIDIA announcement only emphasized his contributions over the past 33 years and stated that the company will continue to move forward based on the foundation he has laid, without mentioning any transitional advisory roles, honorary positions, consulting arrangements, or other ongoing management/decision-making roles.

According to monitoring by Lookonchain, a giant whale address holds 60,000 units of NVDA perpetual contract long positions, valued at approximately 9.35 million dollars, and has placed limit orders to buy an additional 20,000 units in the price range of 150.24 to 154.20 dollars, with an order value of about 3.04 million dollars.The accompanying image shows that the entry price for the NVDA long position at this address is 159.19 dollars, using 20 times full leverage; this address also holds long positions in MU perpetual contracts valued at approximately 30.69 million dollars.

Bitcoin News posted on the X platform that residents of Miami-Dade County can now pay property taxes online or offline using Bitcoin.Third-party payment service providers will automatically convert Bitcoin into US dollars before the funds enter the county government's account, so the county government will not hold Bitcoin; this payment method is optional.

According to on-chain analyst @ai_9684xtpa, two addresses belonging to the same whale have shorted ANT and ANTH with leverage of 4 times and 6 times respectively, with a current total short position value of 72.33 million USD and an unrealized profit of 696,000 USD.ANT tracks the stock price of Anthropic, while ANTH tracks its overall valuation.

The Federal Reserve's interest rate hike combined with the central bank's increase of the foreign exchange deposit reserve ratio to 6% has led several banks to raise their USD fixed deposit rates again, with some products exceeding 4%.In October, the average benchmark performance of USD wealth management reached 4.1%. The interest rates of foreign banks have risen significantly, while the listed rates of state-owned banks remain around 2.8%, resulting in an inverted yield curve.

According to SEC filings, Ethereum treasury company BTCS (Nasdaq: BTCS) released its Q3 2026 financial report, stating that as of September 30, it holds 49,571 ETH, with a fair value of approximately $133.1 million, down from 70,787 ETH at the end of 2025. Among these, 2,880 ETH are staked, and 46,607 ETH are deposited in DeFi protocols, with most digital assets held as collateral in Aave.In terms of finances, BTCS reported total revenue of $4.09 million for the quarter, a year-over-year decrease of 17.1%. Revenue from DeFi operations was $3.51 million, compared to $720,000 in the same period last year; revenue from blockchain infrastructure was $590,000, down from $4.22 million in the same period last year. The net profit for the quarter was $54.53 million, primarily from unrealized gains of $58.35 million in digital assets; the cumulative net loss for the first three quarters was $49.53 million.Regarding liabilities, as of September 30, BTCS's DeFi protocol borrowings amounted to $63.01 million, with convertible notes at $14.51 million; cash and cash equivalents were $460,000, and stablecoins were $860,000.

Coinbase's EU policy head Roeland Van der Stappen stated that the EU's efforts to tighten regulation on DeFi may push crypto users towards platforms with less investor protection. He told Cointelegraph that regulated crypto platforms might limit or even eliminate access to DeFi services as a result. He mentioned that rules aimed at protecting investors will ultimately push activities towards the least protected areas.In September, the European Securities and Markets Authority, in response to the EU Commission's MiCA consultation, suggested establishing a new category of regulated crypto services for companies providing access to DeFi protocols for customers. The European Banking Authority urged the Commission to explore new regulations for crypto lending that include suitability testing as one of the options. Van der Stappen noted that extending such tests to other DeFi services could treat simple stablecoin exchanges and leveraged lending equally, despite the different risks involved; lending, liquidity provision, and on-chain exchanges would be the most affected activities.He warned that restricting access through regulated platforms could fragment DeFi liquidity into smaller pools, resulting in worse trading prices for EU users and fostering isolated "walled garden" services that direct users towards providers outside the EU with less protection. An Adan-Ipsos survey in 2026 showed that 49% of French crypto buyers preferred accessing DeFi through exchanges, while 14% preferred personal wallets. Chainalysis reported that the slight decline in crypto activity in Germany was mainly due to reduced activity on decentralized exchanges; overall crypto activity in the EU grew by 2.2% in the 12 months leading up to June 2026.

HYPE Financial Company Hyperion DeFi released its financial report for the third quarter of 2026. As of September 30, the company held approximately 1.85 million HYPE, with a total market value of HYPE holdings reaching 167.9 million USD. The net asset value (NAV) rose to 182.4 million USD, with cash, cash equivalents, and stablecoins totaling 14.54 million USD.The net profit for the quarter was 39.59 million USD, and the adjusted EBITDA was 48.66 million USD; third-quarter revenue and gross profit increased by 127% quarter-over-quarter to 810,000 USD.

According to PR Newswire, Bit Digital, Inc. (NASDAQ: BTBT) announced its financial results for the third quarter of 2026 on November 12, 2026. As of September 30, 2026, the company held approximately 163,725.9 ETH, with a market value of about $439.4 million based on the closing price of ETH at approximately $2,684 on that day; of which 74,606.4 ETH were directly held, with a fair value of approximately $200.2 million.In the third quarter, the company staked 73,683 ETH in liquid staking, obtaining 66,192 LsETH; among them, 19,000 LsETH were used as collateral for a loan, listed on the balance sheet as $37.1 million in digital asset collateral receivables; the remaining 47,192 LsETH were accounted for as digital intangible assets, amounting to $98.3 million. In the third quarter, the company sold 1,625 ETH for $3.4 million, with an average selling price of approximately $2,114.62 per ETH, and did not purchase any ETH during the quarter.The company recorded a non-cash impairment of $3.2 million on LsETH for the quarter, which does not represent realized losses. As of September 30, 2026, the company held 27,043,750 shares of WhiteFiber, accounting for 59.7% of its total outstanding shares.