The Fed's October meeting minutes show that the short-term financing market is tightening, reserve balances are approaching ample levels, the liquidity environment may face a turning point, and the secured overnight financing rate has repeatedly breached the minimum bid rate of the standing repo facility.

The MultiVM Testnet application of Supra is now open. Developers of both EVM and MoveVM can use it, directly calling native Oracle Machine, cross-chain communication, and automation features to build high-performance applications.
The tech stack supports two languages, Solidity and Move, and will integrate SolanaVM by early next year. This design concept aims to integrate different ecological elements together, ensuring that both security and liquidity are not compromised.
In the ecosystem, they have allocated $250,000 for a funding program, with each EVM project eligible for a maximum of $25,000. Additionally, SupraBTM conducted a performance test and is currently the fastest in parallel EVM executors.

Block Inc. will hold an Investor Day event on November 19, during which management will announce the financial guidance for 2026 and the plan for the next three years, as well as a plan to add $5 billion to its stock buyback, demonstrating confidence in the company's future.

A founder of a think tank predicts that the U.S. government may distribute $2,000 tax refund checks, believing that this move is very likely to be implemented and could have a significant impact on consumption and inflation, urging the market to pay attention.

[Coin World] Recently, there has been a quite practical update - a certain digital asset custody tool has now integrated the credential exchange protocol (CXP). In simple terms, if you are using an Apple device running iOS 26, iPadOS 26, or macOS 26, you can directly import passwords, access keys, verification codes, and even Wi-Fi passwords from tools like Apple Passwords and Bitwarden into the inheritance vault with one click.
The entire transmission process is controlled and encrypted at the system level. Your credentials will be encrypted and then split into fragments, which are stored in multiple trusted nodes - this is the core logic of decentralized backup. What's even better is that in the future, you can export these credentials to any management tool that supports the CXP protocol at any time, without being locked into a single platform. For users who value asset security and data sovereignty, this design indeed addresses the traditional credential management issues.

[On-chain] On-chain data shows that BlackRock has recently made a significant move—transferring 6,735 BTC (approximately $616 million) and 64,706 ETH (approximately $200 million) to a certain Compliance platform. Given the frequency of the transfers, there may be more assets flowing in subsequently. The market is closely watching this level of institutional reallocation.

[Block Rhythm] Just observed some interesting on-chain activity — two new wallets transferred 70,000 SOL from a leading exchange, which is approximately 9.8 million dollars at current prices.
New wallet large withdrawal, this kind of operation is generally worth paying attention to the subsequent trend.

At 4:04 PM, on-chain monitoring shows that the Wallet marked by StraitsX injected 6.428 million XUSD into a certain leading exchange. This stablecoin transfer has attracted market attention, as large fund flows to exchanges often indicate potential market manipulation.

Tether assisted the Thai police and the U.S. Secret Service in jointly combating transnational fraud gangs, successfully freezing approximately 12 million USDT, arresting 73 individuals, and seizing assets worth over 522 million Thai Baht, demonstrating Thailand's strong determination to crack down on cyber fraud and Money Laundering.

[比推] OpenSea just sent a message that the rewards for Wave 2 have finally arrived. Friends participating in this round can receive NFTs and Tokens, and frequently active users will also get a treasure chest level bonus. Now the Wave 3 phase has started, and those interested can continue to push.

[Coin World] The UAE is serious this time. The newly issued Federal Decree No. 6 directly classifies all unlicensed financial activities as crimes, with fines starting from 50,000 dirhams and capping at 500 million dirhams (approximately 136 million USD), and there may also be imprisonment.
The more severe aspect is the scope of coverage. It's not just limited to financial services themselves; even the vendors providing technical support are not exempt — self-custodied Bitcoin wallets, blockchain explorers, and even data platforms like CoinMarketCap are all considered illegal as long as they haven't obtained a central bank license.
The most troublesome aspect is the execution logic of this decree: as long as your service reaches residents of the UAE, it applies regardless of where you are. Moreover, its authority directly overrides the previously relatively friendly local regulations towards cryptocurrency, such as VARA and ADGM. This means that many developers may have to directly block UAE users or spend a lot of money to comply with the regulations.

According to the latest data from Coinglass, a leading trading platform has just recorded a large inflow of stablecoins - nearly 49.2 million USDT net increase in the past hour.
Such a magnitude of one-way capital flow usually indicates that the market is preparing for the impending volatility. Is it institutions laying out their strategies? Or retail investors bottom-fishing? The data itself does not lie, but the motivations behind it are worth pondering.
Continuously monitoring the on-chain capital movements can often sense the changes in market sentiment earlier than candlestick charts.

Sphere is an AI tax company that has received $21 million in Series A funding, aiming to automatically handle global tax law interpretation through AI, connecting to tax filing systems in over 100 countries to help businesses ensure Compliance in processing cross-border income. This solution can effectively drop labor costs and reduce errors, making it suitable for companies looking to expand internationally.

On November 18, Cloudflare experienced a serious outage, with multiple services down due to an internal operational error that caused a configuration file to go wrong. After rolling back to an old configuration, services were restored in the early hours of the 19th. The company admitted that the issue was unacceptable and plans to improve system resilience, advising users to prepare emergency plans in advance.

Recently, a mysterious Large Investors has been very active over the past two weeks, sweeping up 2800 Bitcoins through a bunch of different Addresses, which amounts to about 264 million USD at current prices.
Most of these coins were moved out from a leading exchange. Just yesterday, this guy withdrew 45 BTC, when the price was around 101,700 USD.
Such centralized coin hoarding operations are quite rare during high market phases. Either they truly have confidence in the future market, or they are preparing to do something big. In any case, retail investors are just watching the excitement, and we can't guess the thoughts of the large investors.

[Coin World] Pay attention to these two time points: The U.S. Bureau of Labor Statistics has set that the Producer Price Index (PPI) for September will be released on November 25, and the September import price data will be announced later, on December 3. These two pieces of data are quite crucial for assessing the direction of inflation, and the market may react at that time.

[Coin World] Just monitored a significant on-chain movement: 1,196 BTC were transferred between two unknown addresses, amounting to approximately $112 million at current prices. Such a large transfer is typically not something ordinary players can achieve; it may be institutions adjusting their positions or internal transfers within an exchange. Recently, BTC prices have fluctuated quite a bit, and such large transfers often lead the market to speculate—are they preparing for dumping or building a position? Currently, the wallet background is unclear, and we can only continue to observe subsequent developments.

[Coin World] Recently, several interesting presale projects have appeared in the market, attracting the attention of many investors.
One of the projects called Pepenode is built on Ethereum and has gamified the mining rewards. Currently, they have raised over 2.1 million dollars in their presale, with a token price of 0.0011546 dollars each. Players can stake tokens and receive rewards in various different tokens—this design is quite innovative.
Another project, Hyper Bitcoin, is also holding a presale, and the current price is $0.013285. It is said that the price will increase soon. Their HYPER token is responsible for paying gas fees within the Bitcoin Hyper ecosystem, and the entire system employs a dual-token model that separates settlement from computation. This architecture theoretically allows for a broader range of application scenarios for Bitcoin.
Both projects are still ongoing.

[Bitu] The Fed's Barkin has recently come out to speak again. His judgment is quite interesting—while inflation is indeed still hovering above the target line, he feels it is unlikely to push higher.
The reasons are quite practical: on one hand, consumers have started to vote with their feet, as they won't purchase if the prices are too outrageous; on the other hand, companies are improving production efficiency, which can alleviate some of the cost pressures. These two forces combined should gradually help to bring down inflation.
This is not a bad signal for the crypto market. With inflation expectations stabilizing, the liquidity environment won't tighten sharply, and the pressure on risk assets can be somewhat alleviated.