24-Hour Hot Cryptocurrencies and News | Sui to Launch Native Stablecoin USDsui; US SEC Plans to Introduce Token Taxonomy Based on Howey Test (November 13)

1. Popular cryptocurrencies on CEXs

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

1. BNB -0.78%
2. BTC -0.98%
3. ETH -0.22%
4. SOL -1.83%
5. XRP -0.99%
6. DOGE -1.18%
7. ZEC +10.88%
8. LINK -1.04%
9. LTC -2.37%
10. TAO -4.26%

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

1. PARTI +54.45%
2. BABY +20.80%
3. SKY +11.38%
4. MET +9.12%
5. LINEA +8.45%
6. LAT +7.72%
7. MINA +5.68%
8. IP +4.97%
9. GODS +4.84%
10. SWEAT +4.78%

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

1. BigBear.ai Holdings, Inc. - MSX +17.66%
2. Treasure Global Inc. Common Stock - MSX +13.94%
3. Cisco Systems, Inc. Common Stock (DE) - MSX +10.78%
4. Firefly Aerospace Inc - MSX +10.09%
5. Opendoor Technologies Inc Common Stock - MSX +10.02%
6. ProShares Ultra Silver - MSX +8.69%
7. Advanced Micro Devices - MSX +8.67%
8. Albemarle Corporation - MSX +6.33%
9. Upexi, Inc. Common Stock - MSX +5.92%
10. Oklo Inc. - MSX +5.68%

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

• NOTHING
• PPX
• OREX
• FREDWICK7
• MET

Headlines

Sui will launch its native stablecoin USDsui

According to official news, Sui has announced the launch of its ecosystem-native stablecoin, USDsui, issued by Bridge, a Stripe subsidiary. USDsui will launch this year and will be usable in all wallets, DeFi protocols, and applications built on Sui. Furthermore, USDsui will be interoperable with other Bridge-based stablecoins on major platforms such as Phantom, Hyperliquid, and MetaMask.

The US SEC plans to introduce a token taxonomy based on the Howey test, attempting to redefine cryptocurrency regulation.

U.S. SEC Chairman Paul Atkins has proposed establishing a "token taxonomy" based on the Howey Test to classify crypto assets as securities. He stated that crypto assets may detach from investment contract attributes as networks mature and control becomes more decentralized. Atkins added that in the coming months, the SEC is expected to consider establishing a token taxonomy based on the long-standing Howey Investment Contract Securities Analysis, while acknowledging the limitations of current laws and regulations. He noted that while cryptocurrencies can be part of investment contracts, this does not mean they will always be.

White House Press Secretary Levitt: President Trump hopes to sign the bill to end the government shutdown tonight.

White House Press Secretary Levitt: President Trump hopes to sign the bill to end the government shutdown tonight.

Industry News

Federal Reserve Governor Milan stated that current policy is too tight and reiterated her call for interest rate cuts.

Federal Reserve Governor Jerome Milan reiterated on Wednesday that he expects inflation to decline and reiterated his call for lower interest rates. "I think we need to get monetary policy in place—to get it off the overly tight band and thus mitigate some of the downside risks to the economy," Milan said. Milan expects to return to his position as a White House economic advisor after his term as a Fed governor ends in January. He voted against a 50-basis-point rate cut at the Fed's two most recent interest rate decisions, instead of the 25-basis-point cut ultimately implemented. Milan also warned against interpreting inflation data "on the surface."

The Canadian Court of Appeal ruled that the Ontario Securities Commission's request for access to Binance's documents was "excessively broad" and unconstitutional.

In the case of "Binance Holdings Limited v. Ontario Securities Commission (OSC)," the Ontario Court of Appeal ruled to dismiss the OSC's massive request for document access against Binance, finding its scope "appalling" and violating Section 8 of the Canadian Charter of Rights and Freedoms, which protects against unreasonable searches and seizures. The court noted that while capital market participants have lower expectations of privacy in regulated activities, they are still protected by the Charter. The OSC had previously requested Binance to submit "all internal and related-party communications involving Canada over a two-and-a-half-year period," a request the court deemed far beyond reasonable regulatory purposes. The ruling emphasized that while regulatory investigations can be conducted without evidence of wrongdoing, they must be limited to "the categories of documents reasonably relevant to the purpose of the investigation," otherwise they can be dismissed by the court. Furthermore, the court commented on Binance's use of encrypted communication tools such as Signal, which "automatically deletes messages," finding that the mere use of such technology is insufficient to presume an intention to "circumvent regulation," providing important clarification regarding the use of privacy-preserving communication software by financial institutions. This ruling is seen as establishing the boundaries of Canada's securities regulatory power and reminding companies that they can assert their privacy and due process rights under the Charter when faced with cross-border or overly broad investigative requests.

Project News

Coinbase One members can apply for up to 5x token allocation on Launchpad.

Coinbase announced on its X platform that members of its subscription service Coinbase One will be able to apply for up to 5x the token allocation in its first token sale project, Monad. This follows Coinbase's announcement that it will launch Launchpad for retail investors, with Monad as its first ICO project.

Investment and Financing

Shodai Network raises $2.5 million in seed funding, with Consensys and others participating.

Crypto project funding platform Shodai Network announced the completion of a $2.5 million seed funding round, with participation from MetaMask parent company Consensys and angel investor Joe Lubin, among others. The new funds will support the company in building a funding platform for the crypto community and providing resources for Web3 developers.

Seismic raises $10 million, led by a16z crypto.

Blockchain data security company Seismic announced the completion of a $10 million funding round, led by a16z crypto, with participation from Polychain, Amber Group, TrueBridge, dao5, and LayerZero. Seismic has partnered with a fintech company called Brookwell, which provides customers with stablecoin accounts. When customers transact on Brookwell, payments are processed through Seismic's private blockchain, ensuring that data is not leaked or publicly displayed.

Kyuzo's Friends raises $11 million, with DeAgentAI and others participating.

AI-driven social game project Kyuzo's Friends announced the completion of an $11 million funding round, with participation from DeAgentAI, Stratified Capital, Chain Capital, KnightFury, X Wave, and LBank Labs. The funding will be used for global market expansion, upgrading the AI creation system, and strengthening on-chain infrastructure.