1. Popular cryptocurrencies on CEXs

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

1. BNB -0.08%
2. BTC +1.37%
3. ETH -0.01%
4. TRUMP +13.72%
5. SOL +1.93%
6. XRP +7.29%
7. DOGE +1.82%
8. UNI +38.54%
9. ZEC -14.97%
10. PEPE +2.64%

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

1. UNI +38.28%
2. VELODROME +25.86%
3. WLFI +22.05%
4. GLM +16.87%
5. ZBCN +15.07%
6. SUSHI +15.37%
7. TRUMP +14.42%
8. STRK +12.86%
9. MET +11.57%
10. J +10.86%

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

1. Greenidge Generation Holdings Inc. Class A Common - MSX +34.44%
2. Opendoor Technologies Inc Common Stock - MSX +25.76%
3. XPeng Inc. American depositary shares, each representing two Class A ordinary shares - MSX +17.44%
4. BigBear.ai Holdings, Inc. - MSX +13.73%
5. Sandisk Corporation Common Stock - MSX +12.94%
6. GraniteShares ETF Trust GraniteShares 2x Long NVDA Daily ETF - MSX +11.75%
7. VivoPower International PLC - MSX +9.97%
8. MP Materials Corp. - MSX +9.68%
9. Nano Labs Ltd Class A Ordinary Shares - MSX +9.40%
10. American Bitcoin Corp Class A - MSX +9.27%

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

• BANGERS
• NANO
• ZPAY
• TRUMP

Headlines

The Senate has reached a bipartisan agreement to end the government shutdown and will vote on temporary funding tonight.

According to Politico, the Senate has reached a bipartisan agreement to end the government shutdown and will vote tonight on temporary funding. The agreement guarantees at least eight Democratic votes, reaching the 60-vote threshold. The plan provides funding for the Department of Agriculture, the Department of Veterans Affairs, and military construction until the end of the current fiscal year. Funding for all other agencies will continue until January 30, 2026. Federal employees laid off due to the shutdown will receive back pay and be rehired. Layoff notices have been withdrawn, and the layoff program is suspended until January 30. Democrats secured a vote in mid-December on extending the Affordable Care Act subsidies, which expire on December 31. Next, the House of Representatives must pass a bill for the government to reopen.

Monad announces token economics: 100 billion tokens will be supplied, with 7.5% to be sold at a $2.5 billion FDV (Fund-Delivery Volume) price.

Monad announced its token economics, with a total supply of 100 billion tokens, distributed as follows: Ecosystem Development: 38.5%; Team: 27.0%; Investors: 19.7%; Category Labs Vault: 4.0%; Public Sale: 7.5%; Airdrop: 3.3%. The token sale will run from 9:00 AM EST on November 17th to 9:00 PM EST on November 22nd. It is understood that tokens held by investors, the team, and the Category Labs Vault will be locked on the first day of the mainnet launch and will be released gradually according to established rules to ensure long-term synergy. These tokens will be locked for at least one year (until November 2026), with the specific release schedule varying depending on the group. At the time of mainnet launch, 50.6 billion MON tokens (50.6%) will be locked.

Industry News

Federal Reserve Governor Milan: Easing monetary policy is imperative

Federal Reserve Governor Milan stated that monetary policy easing is imperative, and that balance sheet issues are unrelated to monetary policy. Unemployment is rising, and the labor market is softening.

US House Speaker Johnson: Hopes to vote on a bill to reopen the government as soon as possible.

U.S. House Speaker Boris Johnson said the "nightmare" was finally over, and that Sunday's Senate vote opened the door to reopening the government. He hoped the House would vote on a bill to reopen the government as soon as possible, and that he would call the House back to Washington after the Senate vote.

Chen Zhi, founder of the "Prince Group," has been exposed for having over 31 million yuan embezzled by his subordinates.

Chen Zhi, founder of the Cambodian telecom fraud syndicate "Prince Group," currently under investigation by police in multiple countries, was allegedly betrayed by David Wong, head of a Singaporean family office. Documents show that David Wong was dismissed in July 2021, and Chen Zhi subsequently filed multiple lawsuits against him between 2021 and 2022, alleging the embezzlement of S$5.84 million (approximately RMB 31.91 million) from bank accounts, resulting in over 80 related legal documents. Reports indicate that Chen Zhi and David Wong collaborated since 2017, establishing the family office "DW Capital Holdings" in Singapore. During this period, they rapidly expanded through the purchase of luxury properties and business investments, obtaining Singapore's tax-free status. In 2021, when Chen Zhi restructured the office, he discovered that David Wong had repeatedly failed to submit financial documents, and there were unusual account transfers, with some recipients having names similar to his personal company. Chen Zhi subsequently removed him from management and found the office emptied. In late 2022, the Singapore High Court issued a default judgment ordering David Wong and his affiliates to pay over S$12 million in debts, and the company has since filed for bankruptcy. Meanwhile, Chen Zhi and his financial assistant Chen Xiuling have been placed on the U.S. sanctions list, and Singapore authorities have seized Prince Group's assets in Singapore and terminated related family office tax benefits.

Coinbase CEO: US retail investors will be able to participate in token sales for the first time since 2018.

Coinbase CEO Brian Armstrong stated in an article on the X platform that token issuance should not only benefit whales, insiders, and speculators. Tokens on Coinbase's token sale platform will be distributed to the community, and for the first time since 2018, US retail investors will be able to participate in the token sale.

Project News

Coinbase: Monad public sale will take place on November 17th.

Coinbase officially announced on its X platform that the Monad public sale will take place on November 17th. Previously, Coinbase stated that the token sale will not use a first-come, first-served model, but will instead utilize an algorithm for fair allocation.

UXLINK has filed for relisting with a major South Korean stock exchange.

Web3 social protocol UXLINK announced that it has submitted a relisting application to a major South Korean cryptocurrency exchange.

Character voices

James Wynn was liquidated 12 times in the past 12 hours due to the market rebound.

According to Lookonchain monitoring, James Wynn (@JamesWynnReal) has been liquidated 12 times in the past 12 hours due to the market rebound. After experiencing 45 liquidations in the past two months, James Wynn had a profitable trade, but instead of taking profits, he continued to add to his position, ultimately resulting in another liquidation. His account currently has only $6,010 remaining.

Hasu, Head of Strategy at Flashbots: 90% of DeFi innovation depends on network effects and ecosystem maturity; Hyperliquid may become a representative of the new blockchain.

Hasu, Head of Strategy at Flashbots, stated that most DeFi primitives are essentially financial primitives; these mechanisms already exist, but haven't been fully migrated on-chain. Advanced DeFi innovations often rely on the maturity of the underlying primitives and market liquidity, rather than simple technological breakthroughs. For example, Pendle's interest rate swap functionality presupposes a thriving yield and buyback ecosystem on Ethereum. Hasu points out that network effects and ecosystem accumulation are the core drivers of DeFi innovation, predicting that over 90% of innovation will still prioritize Ethereum and Solana. In contrast, while new chains are technologically advanced, they lack a sufficient ecosystem foundation. Hyperliquid is considered an exception, possessing deep liquidity in the perpetual contract space, giving it a competitive advantage in related derivative products. He concludes that the core of DeFi development is not "stronger technology," but rather the combined force of time, liquidity, and ecosystem accumulation. Ethereum and Solana will continue to lead overall innovation, while Hyperliquid may become the most promising representative among new chains.

CZ: Do not buy accounts I follow. If I find them being sold, I will unfollow them immediately.

Binance founder CZ posted a message reminding community members not to buy accounts he follows, stating that he will immediately unfollow any account found to be for sale. He added that if anyone discovers an account is being sold, they can notify the team via private message or comment. CZ stated that his following behavior is random and usually stems from support for positive, friendly, and valuable individuals in the community; following an account does not imply endorsement or approval.