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A banking alliance composed of 21 institutions has committed approximately $270 million to the dollar stablecoin project Project Faro. Goldman Sachs, Citigroup, Santander, and Deutsche Bank are reportedly involved, with the project planned to launch in 2027, operated by a U.S. registered issuer.The fintech company SoFi has expanded its dollar stablecoin SoFiUSD to Polygon, having previously supported Ethereum and Solana. SoFi has also launched a tokenized deposit product SoFi Earn, with an annual yield of 4.4%, which can be converted to SoFiUSD. The federally chartered crypto bank Anchorage Digital's tokens can now settle transactions on the Visa network, with the first project involving Western Union's USDPT.Mastercard has launched stablecoin-related tools and payment features for AI agents, while Circle plans to pilot USDC settlement through Latin American bank channels from Colombia. The GENIUS Act was signed in 2025 to establish a U.S. regulatory framework for dollar stablecoins. Project Faro currently has no tokens, CEO, or final name; Tether and Circle still hold about 85% of the dollar stablecoin market, which is approximately $290 billion.

The petition website requesting the Nvidia board to reinstate Jensen Huang continues to gain traction, with 151,083 signatures collected so far, including 7,380 current employees, 1,381 former employees, and 80,205 shareholders. Notable public figures such as Elon Musk, Tom Lee, and Replit CEO Amjad Masad have publicly signed the petition.Previously, on November 12, 2026, Nvidia announced that Jensen Huang had resigned from his position as CEO, effective immediately. This marked the end of his 33-year tenure leading the company he co-founded.The organizers and signatories of this initiative are concerned that Huang may have been forced to resign without due process and without sufficient time to defend himself, thus they are calling for an explanation from the board. The core demands of the open letter to the Nvidia board are: to reinstate Jensen Huang as CEO during the independent investigation to ascertain the facts; if he must continue to be absent, to provide an evidence-supported explanation. Ensure the investigation is independent, publicly scoped, and timely, and grant Jensen Huang a fair opportunity to defend himself. Provide a timely public statement explaining the relevant concerns, evidence, and the balancing of interests for employees and shareholders.The letter emphasizes: "Thirty-three years of leadership does not mean immunity from accountability, but accountability requires evidence and due process, not a public trial by the mob." The website states that this initiative is independent and has not been endorsed by Nvidia or Jensen Huang himself.

According to on-chain analyst @ai_9684xtpa, trader 58bro.eth is suspected of selling 6,914.08 ETH, expected to incur a loss of $1.207 million.He previously withdrew 10,500.57 ETH from OKX at an average price of $1,978.26 during the drop from November 13 to 14, worth $20.77 million; however, after that, the price continued to decline. In the past 11 hours, he has deposited ETH worth $12.47 million into the exchange in three batches. If sold, the assets would shrink by 8.82%, with the remaining portion still showing an unrealized loss of $522,000.

Strive CEO Matt Cole released the company's Bitcoin holdings data chart on the X platform, captioning it with "Bitcoin is cheap right now, and we want to buy more," possibly hinting at disclosing BTC accumulation data next week.

According to Coinglass data, if ETH breaks through $1,918, the cumulative short liquidation intensity on mainstream CEX will reach $776 million. Conversely, if ETH falls below $1,738, the cumulative long liquidation intensity on mainstream CEX will reach $586 million.

Strategy founder Michael Saylor has once again released information related to the Bitcoin Tracker and stated, "This pullback may need a little orange."According to previous patterns, the orange dots represent Strategy's Bitcoin purchase records, which may suggest that the company will increase its BTC holdings. Strategy typically discloses changes in Bitcoin holdings the day after relevant news is released.

Cryptocurrency trader Ansem posted that he still expects risk assets to face difficulties in the fourth quarter of 2026, believing that the cryptocurrency market has not yet hit bottom. Although U.S. stocks may soon experience a relief rally, he anticipates that most of the cryptocurrencies that have recently led the market will ultimately retest the lows from this summer. He is currently focusing on the price performance at these key levels before deciding whether to turn optimistic.Ansem pointed out that these price levels will serve as important references for judging the next market cycle. If the relevant lows can hold, he believes the bull market may begin to heat up again around the second quarter of 2027; if they break and continue to set new lows, the market recovery time may be further delayed.

On-chain analyst Specter stated that there have been frequent claims in the market recently that "the Ethereum Foundation is selling ETH," but there is insufficient evidence regarding the ownership of some related wallets.Specter pointed out an example of a wallet marked as associated with the foundation, noting that although its early fund flows can be traced back to foundation-related addresses, it underwent transfers through multiple independent entities in between. This wallet has participated in DeFi activities such as BAT ICO, Compound, and Maker, with a total of over 3,400 transactions, which aligns more with the characteristics of independent investors who have long participated in ICOs and DeFi, and cannot simply be classified as an Ethereum Foundation wallet based solely on early fund associations.The early ETH allocation may have been compensation for engineers or team members, or it may involve private transactions or over-the-counter purchases by investors. The Ethereum Foundation disclosed in January 2016 that it conducted a private sale of ETH worth approximately $650,000 to individuals and companies, so the related funds may also come from such transactions.Historical transaction associations do not prove that two addresses are held or controlled by the same entity. Directly labeling all wallets that have had financial interactions with foundation addresses as team wallets lacks sufficient basis and may even trigger unnecessary market panic. Reliable wallet ownership judgments should combine on-chain tracking with independent off-chain evidence.

According to Bitcoin News monitoring, approximately 64,000 Bitcoin mining machines have reportedly been hijacked, involving 13 EH/s of computing power. The mining machine's computing power was redirected to the OCEAN mining pool, with earnings designated to be paid to a Bitcoin address controlled by the attackers. The attack reportedly began around 8 PM Central Time.The OCEAN dashboard showed that its computing power once approached 50 EH/s, before falling back to about 40 EH/s. CoreX Hosting was the first to raise the alarm, stating that the mining machines were switched to other mining pools without authorization. An affected operator claimed that their entire mining farm was hijacked and pointed out that Luxor's Commander mining management software was the source of this security incident; other operators reported that similar unauthorized changes to mining pools had occurred a few days prior.CoreX subsequently stated that the attack appeared to be over, with the hijacked computing power dropping from 13 EH/s to about 100 PH/s. The attackers reportedly failed to mine any Bitcoin blocks during the hijacking, thus not receiving any block rewards; affected miners permanently lost the opportunity to earn Bitcoin during the attack. The full scope of the impact of this security incident, as well as whether Luxor Commander was compromised, has yet to be independently confirmed.

A well-known HYPE holder NMTD.HL stated that centralized exchanges (CEX) may use the platform assets deposited by users for trading, and after causing user positions to be liquidated, return the relevant tokens to the original accounts or reserves, profiting from the price difference.He also claimed that most tokens deposited in CEX may face long-term price pressure because users effectively hand over control of asset prices to the platform and its management. NMTD.HL believes that this behavior has persisted for many years, continuously draining liquidity from the crypto industry, and questions whether some centralized exchanges may still have solvency issues.NMTD.HL urges users to self-custody their on-chain assets and transfer BTC, ETH, and other crypto assets to on-chain. The more users turn to on-chain trading and trade through decentralized platforms like Hyperliquid, the less opportunity centralized exchanges have to manipulate prices using user assets and target user stop-loss and liquidation positions.Centralized platforms belong to a closed system lacking transparency, and their profit model may involve using user deposits for reverse trading with users, profiting by triggering stop-losses and liquidations. For the crypto industry to achieve long-term development, reliance on centralized exchanges must be reduced, and Hyperliquid is the key platform driving the industry to realize this transition.

According to an announcement from the German federal government, the German Bundestag passed a bill on November 12 aimed at strengthening customs management and combating financial crime, intending to expand customs enforcement powers.According to the government's explanation, customs will find it easier to seize assets that have reasonable doubts about their legitimate sources in the future, and will be able to enhance the regulation of cross-border digital transfer channels and seize cryptocurrency assets. The bill also aims to strengthen the customs financial intelligence department and expand data exchange between the federal government and the states.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0x1f250d...f925 currently holds a long position of 1,685.836 BTC, with a nominal value of 109 million USD.At the time of publication, BTC is quoted at 64,788 USD.

According to Coinglass data, in the past 7 days, CEX platforms had a net inflow of 12,593.71 BTC, with Binance platform inflowing 8,668.22, Coinbase Pro platform outflowing 3,494.91, and Kraken platform inflowing 4,418.39.

CryptoQuant analyst Axel Adler stated that when the price of Bitcoin reached $65,890, the USDT-adjusted Coinbase premium index briefly turned positive, indicating an increase in demand from American investors.However, the indicator has now returned to a neutral range, suggesting that while buyers have entered the market, a sustained dominant advantage has not yet formed.

According to monitoring by Lookonchain, a giant whale previously made a profit of about 6.32 million dollars from 10 consecutive trades, then closed out ETH long positions, incurring a loss of about 10.5 million dollars, wiping out previous gains and resulting in a cumulative loss of about 4.17 million dollars.The giant whale then opened a 10x leveraged long position of approximately 383,300 SOL, valued at about 26.97 million dollars.

According to Onchain Lens monitoring, SOL has fallen below 70 dollars. A certain whale deposited 162,560 SOL into Binance after unstaking, worth approximately 11.56 million dollars.In the past 5 days, this whale has deposited about 435,000 SOL into Binance, worth approximately 32.96 million dollars; currently, it still holds 180,950 SOL, worth approximately 12.75 million dollars.

On November 12, the Thai Immigration Bureau arrested two Chinese suspects in the Rama IX area of Bangkok, a 52-year-old man and a 28-year-old woman.The two are suspected of committing pyramid scheme fraud under the guise of cryptocurrency investment, with losses exceeding 3.2 billion Thai Baht, equivalent to over 600 million Chinese Yuan. The two have been wanted by the Public Security Bureau of Changde City, Hunan Province, China since December 18, 2025.Currently, their Thai residence permits have been revoked, and the Thai side is coordinating to deport them back to China for further investigation and judicial processing.

Well-known trader and Fullstack founder Flood publicly disclosed his Hyperliquid account address and position information on the X platform.Data shows that the account currently holds 88.88 BTC long positions with 20x leverage, with an opening average price of $68,866, currently showing an unrealized loss of approximately $375,100, with a return rate of -123.44%.In addition, the account also holds approximately 83,290 PRL short positions, currently showing an unrealized gain of about $47,100, with a return rate of 81.25%.

GSR Content and Special Projects Director Frank Chaparro stated that the Bitcoin mining company MARA sold 13,597 BTC in six weeks, cashing out $1.1 billion, and plans to continue selling. He noted that MARA had previously indicated it would hold Bitcoin, but is currently selling its inventory of Bitcoin to repay debts and support arrangements for artificial intelligence data centers.According to MARA's third-quarter shareholder letter, the aforementioned sales occurred after September 30, with an average transaction price of approximately $81,039, representing about 40% of the 34,012 BTC held at the end of the quarter. The company used $750 million of this to pay off a term loan secured by Bitcoin and released 17,477 BTC from collateral.The letter stated that the company intends to continue using Bitcoin to raise cash, with purposes including artificial intelligence infrastructure, convertible bonds that can be exercised next year, and potential stock buybacks.