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According to Bloomberg, the prediction market platform Polymarket has recently laid off some employees and terminated contracts with several contractors.Previously, CEO Shayne Coplan, responding to investor demands for stronger company management, brought in several senior executives, including hiring former Amazon finance chief Warren Jenson as Chief Financial Officer and recruiting executives from Goldman Sachs, DoorDash, and Robinhood. Polymarket stated that as the business expands and new management joins, the company is adjusting its organizational structure, involving personnel recruitment, position adjustments, and layoffs, but did not disclose specific numbers.

More than a week after the "blue wave" in the U.S. midterm elections allowed the Democratic Party to gain control of both the House and Senate, there are still 14 election results yet to be announced. According to Stand With Crypto, the results that have been announced have increased the number of crypto supporters in both chambers, and the remaining elections may bring in more supporters. In the undecided House races, three candidates have received support from the crypto political action committee (PAC), and all candidates in these districts are classified as "strongly support crypto" or "undecided."Specifically, Alaska Congressman Nick Begich is currently leading, with Fairshake's Republican affiliate Defend American Jobs investing $508,000 in him during the primary in early August; the same PAC invested $150,600 in North Carolina's 7th District Congressman David Rouzer, who is also leading. Louisiana State Senator Blake Miguez will enter the runoff on December 12 against the state's 6th District Democrat Chauna Banks, with Fellowship PAC investing $250,000 in him. On November 11, the Associated Press determined that South Carolina's 2nd District incumbent Congressman Joe Wilson won, and Stand With Crypto rated him as "strongly support crypto." His victory brings the total number of crypto supporters in the House to 246 and opponents to 107, while the Senate has 50 supporters and 33 opponents.Lindsay Fraser, Chief Policy Officer of the Blockchain Association, stated that the undecided new lawmakers "represent an opportunity." She noted that nearly a quarter of the new Congress members are newcomers, many of whom have not given much thought to blockchain technology, which is akin to "a blank slate." The association plans to organize outreach activities in January next year to engage newly elected lawmakers, aiming to get more lawmakers into Stand With Crypto's A and B ratings. She also mentioned that age influences lawmakers' crypto voting tendencies more than party affiliation, with lawmakers under 55 being significantly more likely to support the industry, and the new Congress overall being younger; she hopes the industry can face two candidates with in-depth thoughts on the industry in the 2028 election, avoiding the industry's fate being dependent on a single election outcome.

The on-chain analysis platform Arkham has tracked approximately 63 million dollars in stolen funds related to the Bitget hacking incident. Arkham stated that 847.26 BTC of this amount has been traced to mixing (CoinJoin) transactions.In addition, Arkham also reported that another 959.29 BTC is stored in the wallet addresses it has tagged, and the recovery efforts for the related funds are still ongoing.

British AI chip startup Fractile has completed a $720 million Series C funding round and plans to deliver its first batch of chips and systems next year.

The decentralized perpetual contract trading platform Extended has opened the XTEN token allocation query page. Users must complete the signing confirmation by December 31; any unaccepted allocation amounts after the deadline will be transferred to the Ecosystem Fund. The official also reminds that users using Starknet accounts need to specify a self-custodied EVM wallet address to receive related assets, while the specific launch time of the XTEN token has not yet been announced.Extended is built by the former Revolut team, based on Starknet, utilizing zk technology and secured by Ethereum. It offers over 300 markets including cryptocurrencies, stocks, foreign exchange, commodities, and indices, with a maximum leverage of 100 times, using USDC as the base collateral asset. Users can deposit USDC into the Community Vault to earn yields and receive XVS share tokens, which can also be used as trading collateral.

Arbitrum's on-chain derivatives protocol Variational announced that the private testing of its trading platform Omni has concluded, and the public mainnet is now open, with registration no longer requiring an invitation code. The Omni private testing began in January 2025 and was initially open only to a small number of whitelisted addresses from the testnet and Discord waitlist. According to the official statement, after approximately 20 months of development, the protocol's open contracts have exceeded 1.5 billion dollars, with a cumulative trading volume exceeding 450 billion dollars.During the private testing period, Variational set zero fees as a long-term arrangement and launched a referral program and a points program, along with two interface updates. It introduced the first batch of TradFi markets outside the crypto market and recently brought TradFi liquidity on-chain through exchanges. Currently, it supports all users to trade over 550 traditional assets and crypto assets that are live on Omni.

According to The Defiant, Buildix data shows that the exposure of Hyperliquid's perpetual contracts related to Anthropic across multiple markets has surpassed 300 million dollars.Among them, the exposure of the Trade.xyz contract reached 109.4 million dollars, which is about 30% higher than the snapshot data recorded by The Defiant on November 10.

Arbitrum posted on platform X: LoafMarkets will launch perpetual contracts for computing power on Arbitrum One, followed by the solar energy and data center markets.

The Binance Futures platform will launch the HYPEUSDC perpetual contract on November 11 at 17:30, with a maximum leverage of up to 75 times; and will launch the TRXUSDC perpetual contract at 17:35, also with a maximum leverage of 75 times.

The police in Dezhou, Shandong, China, have cracked a cross-provincial online extortion case. The criminal gang impersonated environmental inspection personnel and journalists, using drones to film breeding farms and release negative videos, inducing farmers to pay for post deletion.The gang collected funds through payment codes and third-party payment platforms, which then settled with money laundering groups using virtual currency. The police stated that the gang committed 268 crimes in 22 cities across 5 provinces, including Shandong, Henan, Hebei, Jiangsu, and Anhui, within two months, involving an amount of over 800,000 yuan. A total of 23 people have been arrested, and assets worth over 2 million yuan have been sealed, seized, or frozen.

According to a report by the Science and Technology Innovation Board Daily, there is a significant price disparity in the embodied intelligence data collection industry. For the same 1-hour period, the listed price for high-quality real machine data can reach 300 to 1000 yuan, while the hourly wage for end collection workers is as low as 8 yuan, with some original data transactions even dropping to 3 to 5 yuan per hour.The investigation found that the price difference mainly stems from multi-level subcontracting and the resale of data copies. A hundred-yuan order from the client, after being passed through five or six intermediaries, leaves the grassroots collectors with only about 15 yuan. The baseline remuneration for county-level projects is around 30 yuan/hour; falling below this standard poses compliance or source risks. Additionally, the resale of non-original data three to five times is "very common" in the industry, with some teams monetizing the same material through private copies or additional equipment for simultaneous recording.The report points out that while the industry loudly claims that high-quality data is scarce, data collection service providers are valued at tens of billions; on the other hand, low-priced copies are rampant, and data traceability has failed. Some intermediaries gain pricing power through order control, with domestic data producers averaging a gross profit of about 20% to 30%.

The Binance contract will adjust the contract amount of the SNDKUSDT U-based perpetual contract on November 20, 2026, at 09:00. The adjustment is expected to be completed on the same day at 13:30, followed by a maximum 5-minute cancellation-only phase. Trading functionality will resume at 13:30, utilizing the latest price protection mechanism.

Polish energy company Orlen SA has terminated one of the two long-term liquefied natural gas contracts signed with Qatar Energy due to ongoing conflicts that have prevented the other party from fulfilling its delivery obligations. This is the first time a customer of Qatar Energy has terminated a contract.Orlen stated that due to the ongoing "force majeure," the company decided to terminate this contract, which was originally set to last until 2034, but still retains the other contract.

According to POLITICO, sources have revealed that the U.S. Commodity Futures Trading Commission (CFTC) has warned that the prediction market platform Kalshi may soon face charges. The CFTC is investigating whether Kalshi failed to follow the notification procedures required by regulators for dozens of new contracts that are set to be launched, and this investigation has been ongoing for several months.A spokesperson for Kalshi responded that the CFTC's warning pertains to "procedural errors in the submission process of a few contracts," many of which have not yet gone live, and the company is addressing the related issues. Additionally, the CFTC is also investigating Polymarket.

Coinfuty data shows that as of 01:18 Beijing time, approximately 580 million dollars were liquidated in the futures market tracked over a 4-hour period, covering contracts linked to cryptocurrencies, stocks, and commodities.

The Solana ecosystem meme coin issuance platform Pump.fun announced that its perpetual contract product built on Hyperliquid has added a cross margin feature, along with the launch of TWAP execution and manual margin adjustments.Previously, Pump.fun launched its perpetual contract service on October 28 using an isolated margin model, and this update adds a cross margin option based on the original isolated model.

According to Coinglass data, the total contract open interest for ETH has decreased by 6.99% in the past 24 hours, with the current total open interest at 24.643 billion USD. Among them, Binance's open interest is 7.741 billion USD, OKX's open interest is 1.716 billion USD, Bybit's open interest is 1.687 billion USD, and Gate's open interest is 1.689 billion USD.

The on-chain data analysis platform CryptoQuant stated that the contraction rate of USDT supply has exceeded the level after the FTX collapse. In the past 60 days, the market value of USDT has shrunk by 6.6 billion dollars, more than double the decline during the same period in December 2022.CryptoQuant also pointed out that in this round of the cryptocurrency market cycle, the growth of stablecoin scale has been an important source of funds driving the market upward, and now this liquidity support is gradually weakening.

Bitget has launched a contract trading event for the earnings season, with a total prize pool worth 50,000 USDT, and the event will run until November 22. During the event, users can complete designated US stock contract trading tasks to receive lucky blind boxes. The blind box prize pool includes various popular tokens such as USDT experience vouchers, ETH, and rNVDA, with a maximum of 1,000 USDT experience vouchers available per draw. The number of prizes is limited and will be distributed on a first-come, first-served basis.In addition, the event features a trading volume ranking competition. The top 1,000 users with a cumulative trading volume of at least 10,000 USDT can share a prize pool of 20,000 USDT, with the champion receiving 3,000 USDT. For more details, please refer to the Bitget official platform.