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A proposal by the U.S. Department of Labor to allow 401(k) retirement plans to allocate alternative assets such as cryptocurrencies has been submitted to the White House Office of Information and Regulatory Affairs for final review on Thursday. The proposal aims to simplify the process for retirement plans to offer alternative investments and provide certain legal protections for employers and plan administrators. The version released by the Department of Labor in March did not specify which digital assets could be included, nor did it set a minimum market capitalization threshold, but it requires administrators to assess six factors: performance, fees, liquidity, valuation, benchmarks, and complexity.Teresa Goody Guillén, managing partner of Bellementis PLLC, stated that Bitcoin and Ethereum may be adopted first due to their mature markets and investment products, but altcoins will not be automatically excluded; plan administrators must demonstrate that their investment choices meet standards of prudence, liquidity, valuation, and investor protection. Bernardo Brites, co-founder and CEO of Trace Finance, noted that some smaller tokens may struggle to meet historical performance and benchmark requirements. The proposal does not limit crypto investments to ETFs or managed funds, but Guillén expects such products may emerge before direct holdings.

According to Blue Whale Finance, the latest progress of DDR5 RDIMM and MRDIMM product lines has been obtained from the storage chip manufacturer Changxin.The DDR5 chips have completed iterations from 24Gb to 32Gb. The RDIMM modules achieve mainstream capacities ranging from 32GB to 128GB, with full coverage of speeds from 5600Mbps to 8000Mbps. The MRDIMM covers capacities of 128GB and 192GB, with a maximum speed of up to 12800Mbps.

According to The Wall Street Journal, chip foundry manufacturer TSMC announced on Tuesday that its board has approved an investment arrangement totaling no more than $1 billion, targeting artificial intelligence companies Anthropic and OpenAI. Among them, TSMC will subscribe to common stock of Anthropic for no more than $500 million at the initial public offering price, and invest no more than $500 million in preferred stock of OpenAI.On the same day, TSMC's board also approved the establishment of an investment company with no more than $500 million for strategic investments in the semiconductor industry and related ecosystems, and approved a capital budget of approximately $40.927 billion. This capital budget is allocated for advanced processes, advanced packaging, mature and specialty process capacity, factory and facility infrastructure, as well as the 2027 R&D capital budget, recurring capital budget, and capitalized lease asset budget. The subscription price per share for Anthropic is determined based on its IPO issuance price, and the investment target for OpenAI is the preferred stock of OpenAI Group PBC.

According to Protos, the world's largest stablecoin issuer Tether has an exposure of approximately $4.804 billion to the U.S. stock market through 13 publicly listed companies in the United States. The holdings are highly concentrated in three major companies: Bitcoin treasury company Twenty One Capital (approximately $1.367 billion), video platform Rumble (approximately $1.328 billion), and agricultural conglomerate Adecoagro (approximately $966 million).The remaining holdings include: Elemental Royalty (approximately $342 million), Bitdeer (approximately $249 million), Gold.com (approximately $148 million), Versamet Royalties (approximately $128 million), Metalla Royalty (approximately $115 million), Gold Royalty (approximately $106 million), Satellogic (approximately $39.65 million), Stablecoin Development Corp (approximately $4.9 million), Aurelion (approximately $4.4 million), and Antalpha Platform (approximately $3.1 million). Protos points out that Tether is leveraging its funds to make extensive investments across multiple industries and has dispatched its executives to relevant companies to hold positions.

According to Onchain Lens monitoring, Wintermute has achieved historical profits of 227.01 million dollars on Hyperliquid, with a current position of 92.45 million dollars, including a short position of 72.45 million dollars.In the last 30 days, profits amounted to 18.9 million dollars, with an unrealized profit of 3.13 million dollars. The largest short positions are in ETH (13.84 million dollars), SOL (11.24 million dollars), and HYPE (6.51 million dollars).

CryptoQuant analyst Darkfost stated that within less than a month, the open interest of BTC on the Binance platform has decreased from 10.6 billion dollars to 8.8 billion dollars, a drop of 17%. Meanwhile, its 180-day moving average has risen from 8.4 billion dollars to 8.6 billion dollars. As the open interest falls below the moving average, new signals of deleveraging are emerging in the market. In a bull market phase, this signal typically appears when market corrections are nearing their end, reflecting that traders are reducing their leveraged exposure, which includes both voluntary liquidations and forced liquidations due to insufficient margin.Aside from the fact that this process may last for months in a bear market, a similar signal last appeared in June of this year when the BTC price was below 60,000 dollars, subsequently rebounding to above 87,000 dollars, with an increase of over 45%. Currently, as the open interest declines, the market is also experiencing large-scale liquidations. Low volatility seems to encourage some traders to take on higher risks to compensate for the insufficient returns brought about by the narrowing price fluctuations, making them more susceptible to market reversal shocks. Over the past three months, the monthly liquidation scale on Binance has reached new highs since 2021: over 1.4 billion dollars in August, 1.1 billion dollars in September, and 1.3 billion dollars in October. This trend appears to continue into November, with the liquidation scale exceeding 520 million dollars before the end of the first half of this month.These data highlight the potential losses that leveraged trading can bring to investors. In a market environment with low volatility and shrinking trading volume, blindly increasing risk exposure due to a lack of patience can quickly lead to heavy costs. However, the deleveraging phase also helps improve the market environment. Reducing leveraged positions can lower the risk of cascading liquidations, allowing spot demand to play a greater role in market pricing, thereby helping Bitcoin establish a more robust market structure.

According to Jiemian News, Tongxin Intelligence has completed hundreds of millions in seed and angel round financing, with investors including Tsinghua Alumni Seed Fund, Beijing General Artificial Intelligence Research Institute, Songlin Technology, Pingzhi Information, Anwu Intelligence, and Yuzizhangquan.The funds from this round will mainly be used for core architecture design and research and development before chip tape-out. Tongxin Intelligence was founded in April 2026 by artificial intelligence scientist, president of Beijing General Artificial Intelligence Research Institute, and chair professor at Peking University and Tsinghua University, Zhu Songchun. Its first product is positioned to support AGI algorithm inference chips, aimed at applications such as large models, world models, and general intelligent agents, with plans to start FPGA prototype verification in early December this year.

Lookonchain monitoring shows that a giant whale address transferred approximately 6,532 ETH to the deposit address of Galaxy Digital, worth about 13.62 million USD.

On the prediction market platform Polymarket, the market regarding whether NVIDIA CEO Jensen Huang will announce his resignation or be dismissed before a specific date showed that the probability once rose to about 91%, but has now fallen to 78%.As of the time of publication, the total trading volume of this series of markets is approximately $15.25 million. Pricing by different deadlines: about 59% for November 12, about 63% for November 13, about 74% for November 30, about 78% for December 31; about 82% for March 31, 2027, and about 86% for December 31, 2027.

According to Crypto Briefing, Aave founder Stani Kulechov stated at the DAS London conference that DeFi lending protocols need to introduce a "circuit breaker" mechanism, as the consequences of oracle failures could take years to resolve.He pointed out that the over-reliance on immutable code systems lacks contingency plans. When oracle data deviates, the protocol may trigger liquidations based on incorrect prices, and the immutable nature can lead to irreparable failures. The circuit breaker mechanism draws from traditional markets' practice of halting trading during extreme conditions, allowing protocols to pause operations until the issue is identified.

Zcash holders and community representatives will vote from November 16 to 30 on a proposal to remove 50,000 ZEC from the community grant fund (ZCG). This proposal was co-drafted by Zcash co-founders Sean Bowe, Zooko Wilcox, and Jason McGee, and was merged into the specification repository on Wednesday. According to the October treasury snapshot referenced in the proposal, ZCG holds 91,453 ZEC, and the amount proposed for removal accounts for approximately 55% of its holdings.If the proposal passes and is activated in the network upgrade, ZCG must remove the 50,000 ZEC from circulation within 30 days, and its corresponding value will be included in the Network Sustainability Mechanism, gradually returned through future block rewards. Additionally, the proposal plans to stop allocating 8% of newly issued ZEC to ZCG, transferring this portion of funds into a new Future Dev and Legal Defense Fund, which will continue to accumulate until the next Zcash halving. Funds in this new fund will temporarily be unavailable for expenditure until separate withdrawal rules are approved.ZCG can still use the remaining treasury funds to continue issuing development grants, and the independent 12% holder-controlled fund will not be affected. The proposal states that based on the October treasury snapshot, a ZEC price of $1,300, and expenditure estimates for the first half of 2026, the current funds of ZCG can cover approximately 13 years of expenditures; after the removal of 50,000 ZEC, the remaining funds are expected to cover about 6 years. Previously, ZCG proposed to redirect approximately 98,000 ZEC from existing assets and future income to miner rewards, but abandoned this plan on November 3 after facing community criticism. This new proposal still requires community support and must be implemented through a network upgrade. The activation block height has not yet been determined, nor has a reference implementation been provided.

According to Onchain Lens monitoring, a transaction signed by a BitGo custodial account has unstaked 204,044 SOL and transferred it to an FTX/Alameda associated wallet, valued at approximately 16.89 million USD.This operation only shows the unstaking of SOL and its transfer to the associated wallet; it cannot yet be confirmed whether it will be sold subsequently.

Ethereum developer Marchhill submitted the draft EIP-8437, proposing to propagate proof wrapper data through the eth/73 protocol and introducing an optional mode that allows transactions to submit raw signatures to the aggregator without pre-generating STARK proofs.This proposal supports the direct propagation of certified packages with transactions and performs independent checks of specified programs in resource-constrained sandboxes to verify witness data. The new program does not require the development of native adapters for each signature scheme separately. Additionally, the proposal plans to limit the batch queue size, clean up expired transactions, and recheck records before formally generating proofs to support failure retries.Currently, the proposal is still in the Draft stage and has not yet been merged. The developer pointed out that VM and key binding consistency verification, cryptographic verification, and performance testing are still incomplete, and benchmarking has not yet been conducted.

According to Onchain Lens monitoring, a certain whale has accumulated and withdrawn 678.4 ZEC from Binance, worth approximately 667,800 USD.

Ethlabs published an article on the Ethereum developer community forum, proposing to set 2027 as the target year for Ethereum to achieve post-quantum and post-AI capabilities, referring to this plan as "pqai27." The proposal argues that with the rapid enhancement of AI capabilities, the accelerated development of quantum computing, and the increased ability of AI models to discover software vulnerabilities on a large scale, Ethereum should prioritize strengthening the security of its underlying protocol to prepare for potential future cryptographic risks and cyberattacks.Ethlabs pointed out that the U.S. government has advanced its target date for addressing quantum risks from 2035 to 2030, while Google plans to achieve post-quantum capabilities by 2029. At the same time, AI is solving a large number of long-standing mathematical problems and can also discover software vulnerabilities on a large scale. Ethlabs believes that although there is currently no evidence that existing cryptographic primitives will definitely be broken by AI, the associated risks are difficult to predict accurately, making it necessary to advance security upgrades proactively.In terms of the technical roadmap, Ethlabs divides the goals into two phases: the first is "pqai-ready," which means the Ethereum consensus layer will achieve a post-quantum upgrade, allowing all users to have a path to migrate to post-quantum accounts; if existing cryptography fails prematurely, the network can still operate with reduced processing capacity. The second is "pqai-scaled," which means supporting post-quantum transactions and data availability under full network capacity, aiming for post-quantum transactions to reach the processing scale of ordinary transactions, including post-quantum signature aggregation and post-quantum data availability solutions.To achieve this goal, Ethlabs suggests reassessing the scope of the upcoming hard fork Hegotá, reconsidering upgrades that do not belong to the critical path of pqai27. Among them, Frames and related post-quantum account proposals are still regarded as key components; FOCIL needs to be reassessed for its impact on upgrade progress and post-quantum compatibility. Additionally, Ethereum needs to choose between the post-quantum transformation of the existing Gasper consensus protocol and transitioning to a decoupled consensus. Ethlabs stated that to concentrate resources on advancing pqai27, it will withdraw the Quick Slots feature previously sought for Hegotá and plans to continue promoting this feature in 2028. The Glamsterdam upgrade and its scaling plan will proceed as originally scheduled. This roadmap remains a suggestion proposed by Ethlabs and will require further discussion and determination by Ethereum core developers.

Arkham added 40 VBTC-related addresses to the VanEck entity label, stating that it holds 6,864.99 BTC, worth approximately 507 million dollars.

According to on-chain analyst Ai Yi's monitoring, the address 0xF25...5c62b deposited 4,114.5 ETH (8.46 million USD) to Kraken 10 hours ago, with a deposit price of 2,056.57 USD.This address has frequent interactions with block builders Titan builder, BeaverBuild, etc., and has already liquidated after this deposit.

According to Global Market Broadcast, Bridgewater's Co-Chief Investment Officer Karen Karniol-Tambour will leave to become the first CEO of the newly established Canadian Sovereign Wealth Fund, the Canada Prosperity Fund. This fund is one of the initiatives promoted by Canadian Prime Minister Mark Carney, aimed at strengthening Canada's key strategic industries and reducing economic dependence on the United States. The fund has an initial investment of 25 billion Canadian dollars (17.7 billion US dollars), sourced from the federal government, and will only invest in Canadian companies and projects to seek long-term returns.41-year-old Karniol-Tambour has been with Bridgewater since graduating from Princeton University in 2006. In 2023, during a company reform led by CEO Nir Bar Dea, she was appointed Co-Chief Investment Officer alongside Greg Jensen and Bob Prince, responsible for Bridgewater's Asia strategy, which includes the China investment management business. Sources indicate that Bridgewater has no plans to hire or promote anyone else to replace Karniol-Tambour. In addition to Jensen and Prince, Bridgewater also has two Deputy Chief Investment Officers, Ben Melkman and David Trinh.

Reports suggest that the Bank of Japan's interest rate hike and the unwinding of yen carry trades may impact Bitcoin.

According to MTS, OpenAI's artificial intelligence model has proven half of a million-dollar Millennium Prize problem in the field of physics, supported by a review panel led by a Nobel Prize winner. MTS stated that this problem is the Yang-Mills problem. OpenAI first announced the relevant proof on October 26, stating that its model completed this work in September. The review panel is chaired by Nobel Prize winner David Gross, with members including Arthur Jaffe, who co-authored the official statement of the Millennium Prize problem.The relevant proof has been formally completed using the linearly verifiable computer language Lean. The Yang-Mills problem is one of the seven Millennium Prize problems established in 2000, each with a prize of one million dollars; the only one solved so far was completed by Grigori Perelman, who refused to accept the prize. MTS pointed out that to win the award, it is still necessary to prove the mass gap and meet the Clay Mathematics Institute's rules regarding publication and a two-year recognition period. X user Theo Jaffee stated that physicists have been able to handle quantum field theory and quantum Yang-Mills theory on an empirical level, but have always lacked a mathematical formalization of why this theory holds.