1. Popular cryptocurrencies on CEXs

Top 10 CEX trading volumes and their 24-hour price changes:

• BTC: +1.85%
• ETH: +2.58%
• BNB: +0.82%
• ASTER: +7.53%
• GIGGLE: +107.97%
• SOL: +1.77%
• MMT: -43.89%
• ZEC: +16.38%
• DOGE: -0.08%
• ALCX: +95.91%

24-hour gainers list (data source: OKX):

• PROMPT: +25.90%
• MINA: +20.63%
• RESOLV: +19.79%
• 1 INCH: +18.22%
• ICP: +13.40%
• DEP: +10.22%
• Trump: +10.07%
• ZKJ: +8.99%
• SWFTC: +8.97%
• LQTY: +8.11%

24-hour cryptocurrency stock gainers list (data source: msx.com ):

• Lemonade, Inc. - MSX (LMND.M): 34.88%
• Mawson Infrastructure Group Inc. Common Stock - MSX (MIGI.M): 23%
• IREN Limited Ordinary Shares - MSX (IREN.M): 16.84%
• Mercurity Fintech Holding Inc. Ordinary Shares - MSX (MFH.M): 15.71%
• Canaan Inc. American Depositary Shares - MSX (CAN.M): 15.32%
• Bakkt Holdings, Inc. - MSX (BKKT.M): 12.6%
• Hyperion DeFi, Inc. - MSX (HYPD.M): 11.36%
• Bit Origin Limited Class A Ordinary Shares - MSX (BTOG.M): 11.27%
• Semler Scientific, Inc. - MSX (SMLR.M): 11.1%
• Nebius Group NV Class A Ordinary Shares - MSX (NBIS.M): 10.3%

2. Top 5 trending on-chain memes (data source: GMGN ):

• PVP
• jellyjelly
• mec
• AOT
• ULTIMATE

Headlines

Trump praised cryptocurrencies, saying they eased pressure on the dollar.

US President Trump praised cryptocurrencies, saying they eased pressure on the dollar.

Trump called for an end to the government shutdown and stated that the record highs in the US stock market were just the beginning.

US President Trump spoke at a breakfast meeting with Republican senators. Trump stated, "We must reopen the government as quickly as possible, immediately. Our economy is in its hottest period in history, and this (government shutdown) has also had some impact on the stock market. But as of last Friday, the stock market has hit new highs multiple times in the past nine months, many times. And it will hit new highs again. This is just the beginning, because when these factories start operating, things will be very different. We have never seen such prosperity; this is a great opportunity."

The White House stated that Trump underwent a serious and thorough review before signing the CZ pardon order.

According to Cointelegraph, the White House stated that the matter underwent the most serious consideration and thorough review process before Trump signed the pardon for CZ.

Announcement from the Customs Tariff Commission of the State Council on Ceasing the Imposition of Additional Tariffs on Certain Imported Goods Originating in the United States

In order to implement the consensus reached in the China-US trade consultations, and in accordance with the basic principles of international law, the Customs Law of the People's Republic of China, the Foreign Trade Law of the People's Republic of China, and other laws and regulations, the State Council has approved the cessation of the additional tariff measures stipulated in the Announcement of the Customs Tariff Commission of the State Council on Imposing Additional Tariffs on Certain Imported Goods Originating in the United States (Announcement No. 2 of 2025 of the Customs Tariff Commission) effective from 13:01 on November 10, 2025.

Wintermute: The four-year cycle logic has failed; the real driving force of the market lies in liquidity.

In its latest market report, Wintermute stated that despite the continued expansion of global liquidity, major central banks' successive interest rate cuts and the end of quantitative tightening, and the stock market remaining at high levels, incremental funds have not flowed into the crypto market, but rather into areas such as stocks, AI, and prediction markets, with only stablecoin supply maintaining growth.

The report points out that the traditional "four-year cycle" theory is no longer applicable to the current market landscape, and the core driver of price movements today is macro liquidity. Wintermute believes that the current market structure remains robust, leverage risks have been fully cleared, and volatility is relatively controllable, but the true recovery of the crypto market still depends on the resumption of inflows into ETFs and DAT (tokenized asset trading).

Bitwise: Bitcoin is nearing its bottom, and institutional investors remain bullish.

The Bitcoin Historian published an article on the X platform stating that Bitwise, an ETF issuer with $12 billion in assets under management, believes Bitcoin is close to "bottoming out" and institutional investors remain bullish.

Industry News

Gemini plans to enter the prediction market and has applied for a derivatives trading license.

Cryptocurrency trading platform Gemini is planning to enter the prediction market space, becoming another major exchange to explore this track after platforms such as Coinbase.

Sources revealed that Gemini has submitted an application to the U.S. Commodity Futures Trading Commission (CFTC) for a derivatives trading platform operating license. Company executives had previously discussed using the license, if approved, to expand their business into event-driven contracts and forecasting products, thereby broadening their derivatives ecosystem and enriching their trading offerings.

Grayscale: Waives management fees for the Solana ETF until the fund's AUM reaches $1 billion.

Digital asset investment platform Grayscale Investments announced on its X platform that it will waive sponsor fees for its Grayscale Solana Trust ETF (ticker symbol: GSOL) and reduce related fees during the staking period for up to three months, or until the fund's assets under management (AUM) reaches $1 billion, whichever comes first.

Solana Company launches $100 million stock buyback program

Solana Company, a Nasdaq-listed company specializing in SOL, announced that its board of directors has approved a share repurchase program to buy back $100 million of the company's outstanding common stock in order to further support the company's acquisition and holding of SOL.

Project News

Monad: TGE is scheduled for November 24th.

Monad has announced its airdrop and mainnet launch dates. The TGE (Total Event Execution) is scheduled for November 24th. The community airdrop aims to reward thousands of early members of the Monad ecosystem and approximately 225,000 verifiable on-chain users. This includes "significant" users of decentralized exchanges (DEXs) such as Hyperliquid and Uniswap, users of lending protocols like Aave, Euler, and Morpho, users of memecoin issuance platforms such as Pump.fun and Virtuals, and users of numerous other protocols.

BNB Chain: "Chain Detective" ZachXBT will provide support to the BNB Chain community.

BNB Chain stated on the X platform that "Chain Detective" ZachXBT will provide support to the BNB Chain community to help maintain a cleaner, fairer, and more transparent ecosystem, in response to the upcoming release of a vulnerability investigation report.

Stable: The second phase of the pre-deposit program is scheduled to begin tomorrow, with a cap of $500 million.

Stable, a stablecoin public chain, announced on the X platform that the second phase of its pre-deposit campaign will launch on November 6th at 22:00 (UTC+8), accepting up to $500 million in eligible deposits. Participation requires depositing USDC and completing KYC (Know Your Customer) procedures. Each verified user is limited to one wallet. All USDC deposits will be converted into new USDT on the Stable network, improving on-chain liquidity, bridging institutional funds with the on-chain market, and strengthening the overall stablecoin liquidity of the ecosystem.

WLFI: Meme Coin 1 has been designated as a strategic reserve and is currently being held.

WLFI, the Trump family's crypto project, announced on the X platform that, as part of its efforts to promote USD1 on Solana, it is rebuilding the ecosystem with official partners bonk.fun and Raydium. WLFI has acquired some Meme 1 tokens as a strategic reserve to solidify its community position on USD1.

Plume launches Nest by Plume, kicking off the first season of "Plume Nest Points".

Plume announced the upgrade of its flagship product Nest to Nest by Plume and the launch of the "Plume Nest Points" (PNP) program. Season 1 of PNP has begun, allocating 1% of the Plume supply as rewards. Users can earn up to 10x points by holding Vault tokens such as nBASIS, nWISDOM, and nALPHA, and by participating in DeFi protocols such as Rooster, Morpho, and Mystic. Future ecosystem token airdrops and priority allocations are also included.

Yei Finance: The fastUSD market is experiencing an anomaly, and the protocol has been suspended.

Yei Finance, the lending protocol within the Sei ecosystem, announced that due to unusual circumstances in the current fastUSD market, the team has suspended the protocol as a precautionary measure. The team is actively investigating and expects to provide an update within the next 24 hours.

After the 1inch team's investment fund transferred 5 million USDC to Binance, 1INCH rose by nearly 29%.

According to on-chain analyst EmberCN, the 1inch team's investment fund transferred 5 million USDC to Binance 8 hours ago. Subsequently, the price of 1INCH rose rapidly from $0.152 to $0.196, an increase of about 29%.

Data shows that the fund has repeatedly accumulated 1INCH at low prices and sold at high prices over the past two years, achieving profits from these price swings. Last year, it bought at $0.24 and sold at $0.53; this year, it bought at $0.25 and sold around $0.28 in August.

Investment and Financing

Ripple raises $500 million, led by Fortress and Citadel Securities.

According to market sources, Ripple has secured $500 million in funding, led by Fortress and Citadel Securities. This investment reportedly values Ripple at $40 billion.

OFA Group completes $50 million PIPE funding round, led by Greentree and others.

Nasdaq-listed digital asset infrastructure company OFA Group announced the completion of a $50 million PIPE funding round, led by Greentree Financial Group and TriCore Foundation. The new funds will be used to support its development of blockchain infrastructure for tokenizing real-world assets and to expand the size of its digital asset treasury.

Metaplanet has secured $100 million in funding, secured by its Bitcoin holdings, which will be used for additional BTC purchases and stock buybacks.

According to Coinpost, Japanese listed company Metaplanet completed a $100 million (approximately 15.3 billion yen) financing round on October 31, secured by its holdings of Bitcoin.

The funds raised will primarily be used to purchase additional Bitcoin, while also being invested in revenue-generating business expansion and share buybacks. As of October 31, the company held 30,823 BTC, and this loan represents approximately 3% of its holdings. The company stated that it will avoid excessive leverage and will only borrow within its capacity to maintain sufficient collateral.

Harmonic has raised $6 million in seed funding, led by Paradigm.

Solana infrastructure startup Harmonic announced the completion of a $6 million seed funding round, led by Paradigm. The round reportedly also included angel investment from undisclosed "key stakeholders of Solana," but specific investor information has not yet been disclosed.

NIP Group acquires mining facilities to expand its Bitcoin mining scale, increasing its hashrate to 11.3 EH/s.

NIP Group, the parent company of esports organization Ninjas in Pyjamas, announced the expansion of its Bitcoin mining operations and increased its overall hashrate to 11.3 EH/s through a new asset acquisition agreement.

The company expects monthly Bitcoin production to increase from 60 BTC to 160 BTC, an increase of over 120%. In this expansion, NIP Group will acquire approximately 8.19 EH/s of mining infrastructure from Apex Cyber Capital, Prosperity Oak Holdings, and Novo Jumpster to further solidify its position in the cryptocurrency computing power sector.

Regulatory Trends

Thailand's Finance Minister: Regulatory oversight of cryptocurrencies, gold, foreign exchange, and cash transactions will be strengthened.

Thailand's Finance Minister: We will strengthen regulation of cryptocurrency, gold, foreign exchange, and cash transactions.

Former Australian rugby star arrested on suspicion of cryptocurrency theft

Former Australian Rugby League star Trent Merrin has been arrested on suspicion of stealing $91,000 (approximately A$140,000) worth of cryptocurrency. Police allege he fraudulently transferred funds from victims' accounts. The arrest comes as Australian regulators tighten enforcement against cryptocurrency crimes. Merrin has been granted conditional bail and is scheduled to appear in Port Kembla Magistrates' Court on December 3.

The former St. George's Illawarra Dragons, Penris Panthers, and Leeds Rhinos striker retired from the Australian Rugby League in 2021 after a 15-year career, representing New South Wales and the Australian national team. Since retiring, Trent Merrin has been actively involved in business in the cryptocurrency and wellness sectors, describing himself on LinkedIn as "an entrepreneur and investor with a passion for cryptocurrency, blockchain, and the wellness industry."

Hong Kong police have released updates on the JPEX case: 16 people will be formally charged, and red notices have been issued for the arrest of two masterminds and one key member.

Hong Kong police have announced the latest developments in the JPEX virtual asset trading platform fraud case, stating that 16 people will be charged, including Lam Tsz-chuen and KOL Chan Yee, as well as 6 core members of the group, 7 OTC cryptocurrency exchange managers, and 3 puppet account holders. Furthermore, Hong Kong police have identified 2 masterminds and 1 key member who have fled overseas and have issued red notices through Interpol. Hong Kong police also disclosed that as of February this year, they had received 2,636 reports involving HK$1.616 billion, arrested 80 people, and frozen assets of HK$228 million.

Character voices

Arthur Hayes: BTC and ZEC will rise after the US government shutdown ends.

Arthur Hayes posted on the X platform that since the US debt ceiling was raised in July, BTC has fallen by 5% and liquidity has fallen by 8%. The growth of the US Treasury General Account (TGA) has drained funds from the system. When the US government shutdown ends, the TGA will decrease, which will benefit liquidity, causing BTC to rise, and ZEC to rise even more.

DeFiance Capital founder: If BTC drops another 20%, retail investors' wealth losses may exceed the levels of the 2022 bear market.

Arthur (@Arthur_0x), founder of DeFiance Capital, posted on the X platform that even if no large entities/protocols collapse due to massive misinvestments, if the price of Bitcoin falls by another 20%, the wealth loss of retail investors in this round of the cryptocurrency market may be greater than the wealth loss during the 2022 bear market.

He Yi: In every cycle, some people become disheartened and leave the market, while others remain calm and composed, handling the situation with ease.

Binance co-founder He Yi posted on the X platform: "When Bitcoin fell from $1,000 to $200, they were saying the crypto market was doomed. When Bitcoin fell from $20,000 to $3,000, they were saying the crypto market was doomed. When Bitcoin fell from $60,000 to $17,000, they were saying the crypto market was doomed. Bitcoin has just fallen from $120,000 to the $100,000 range, and they're already saying the crypto market is doomed again. In every cycle, some people become disheartened and leave the market, while others remain calm and composed. History doesn't repeat itself, but it rhymes. DYOR."

Bruce, founder of MSX (McDonnell Douglas): Several major listed mining companies in the US have reduced their BTC spot holdings.

Bruce, founder of MSX, posted on X about how several major US-listed mining companies have reduced their BTC spot holdings. He stated, "Today I reviewed the latest financial reports of several major US-listed mining companies (Mara, Cleanspak, Riot), and they all reduced their $BTC spot holdings. This is quite rare in the past. Although the selling pressure from miners does not affect the price, it can be considered a kind of 'consensus,' since the price has always fluctuated around its value."

Bitwise CIO: The era of allocating only 1% of assets to Bitcoin is over.

Bitwise Chief Investment Officer Matt Hougan stated that the era of allocating only 1% of assets to Bitcoin is over. Just as post-IPO companies are far less risky than startups, Bitcoin today is much more mature and stable than it was a decade ago, with a wider distribution of ownership. With institutional adoption and ETF trading, its volatility has decreased significantly, marking its evolution into a mainstream asset. Bitcoin's path from a $2.5 trillion market capitalization to gold's $25 trillion market capitalization may be achieved faster than many expect. (TheBlock)

Aave founder: Immutable oracles and interest rate mechanisms may trigger systemic risks; conflicts of interest among asset managers exacerbate industry risks.

Schlag, a member of the yearn community, posted on the X platform that Stream's losses were due to high leverage, directional trading, and a lack of transparency in fund usage. He emphasized that DeFi projects should focus on standardization and information disclosure, and that vault operations should not only pursue returns but also strengthen risk management.

In response, Aave founder Stani.eth retweeted and commented that the immutable oracle price feed and interest rate curve mechanisms mentioned in the article are "highly alarming," and that this combination of designs could potentially be disastrous for lending protocols. He pointed out that some asset managers, in pursuit of competitive advantage, have taken on excessive risk, further amplifying the industry's hidden dangers.

Stani stated that building a secure and robust DeFi system is inherently challenging, currently not only because investors lack sufficient due diligence, but also because of insufficient risk awareness at the protocol integration level. He called on the industry to work together to improve transparency and prudent management, and jointly build a safer and more sustainable decentralized finance ecosystem.