Loyalty Rewarded

According to BlockBeats, recent monitoring by Farside revealed that the SOL spot ETF experienced a net inflow of $6.8 million. Of this amount, BSOL accounted for $5.9 million in net inflows.

According to BlockBeats, the resolution of the U.S. government shutdown is becoming clearer, indicating that Wall Street may soon receive a series of crucial economic reports that have been delayed for over a month. The first of these reports is expected to be the employment data for September. Economists at Morgan Stanley predict that the September employment report could be released as early as this Friday, though it is more likely to be available early next week.

In a worst-case scenario, the Consumer Price Index (CPI), Producer Price Index (PPI), and Personal Consumption Expenditures (PCE) Price Index for October may not be released at all. The PCE index is the Federal Reserve's preferred measure of inflation.

Alternatively, the U.S. Bureau of Labor Statistics might attempt to compile the month's inflation trends. However, economists warn that the quality of such reports would be significantly compromised, and their release might be so delayed that they lose relevance.

The delay in the September employment report and the potential absence of October inflation reports will leave the Federal Reserve with insufficient data to make informed decisions on whether to cut interest rates for the third consecutive meeting.

According to BlockBeats, the U.S. Senate has commenced voting on the 2026 Appropriations and Extension Act. This legislation aims to fund the government until January 30 and resolve the ongoing government shutdown.

According to Foresight News, traditional hedge funds have increased their cryptocurrency holdings, with the proportion rising from 47% in 2024 to 55% in 2025. Bitcoin remains the largest asset held, followed by Ethereum and SOL.

Binance Blog published a new article, highlighting Binance's recent accolade as the Digital Assets Exchange of the Year by Regulation Asia. This recognition underscores Binance's leadership in compliance, transparency, and innovation within the digital asset industry. The award was presented at the 8th Regulation Asia Awards for Excellence 2025 in Singapore, where industry leaders and regulators gathered to celebrate achievements in the digital asset space.

Binance's commitment to compliance and innovation has been pivotal in its recognition. The Regulation Asia Awards for Excellence honor organizations that set new benchmarks for regulatory integrity and market development. Binance's efforts in strengthening compliance frameworks, advancing crime prevention, and pioneering educational initiatives have been acknowledged as exemplary. A judge from the awards panel noted Binance's transformative journey over the past year, emphasizing its commitment to rebuilding its compliance foundation and setting a new industry standard. Richard Teng, CEO of Binance, expressed that the award reflects Binance's dedication to leading the industry responsibly through compliance, user protection, and innovation.

Over the past year, Binance has invested significantly in compliance and security, allocating hundreds of millions of U.S. dollars to these initiatives. The company has expanded its global compliance team to 1,280 members and holds 22 regulatory approvals worldwide, the highest among global crypto exchanges. Binance has also enhanced its Law Enforcement Training Program, delivering over 400 sessions globally and training thousands of officers, prosecutors, and financial investigators. In addition, Binance has implemented advanced AI-powered systems to strengthen user protection and fraud prevention, preventing over $4.2 billion in potential user losses and recovering $88 million in stolen funds in 2024. The Secure Asset Fund for Users (SAFU) remains valued at $1 billion, providing an additional safeguard in extraordinary circumstances.

Binance continues to lead in innovation and education, with initiatives such as the Binance Web3 Wallet, Copy Trading, and Banking Triparty solutions expanding access to digital assets and bridging traditional finance with Web3. Binance Academy has reached 64 million learners, offering free education on blockchain, crypto, and financial literacy. Nils Andersen-Röed, Global Head of the Financial Intelligence Unit at Binance, accepted the award, stating that it is an honor to receive such recognition from industry leaders and regulators. He emphasized that compliance and innovation are intertwined, and Binance remains committed to collaborating with regulators, law enforcement, and industry partners to foster a transparent, secure, and inclusive digital asset environment.

Binance's recognition as Digital Assets Exchange of the Year marks a significant milestone in its journey of responsible growth. The company's investments in compliance and user protection, along with its continued innovation and education efforts, reflect a long-term vision for a transparent and trusted digital asset ecosystem. As the industry evolves, Binance remains focused on building a safer, smarter future through responsible innovation.

According to Odaily, International Commercial Settlement Holdings Limited, a company listed on the Hong Kong Stock Exchange, has announced the acquisition of 247.8694 bitcoins. The purchase, made between October 17 and November 7, is valued at $25.7 million.

According to Cointelegraph, shares in Bitcoin treasury companies may be approaching the conclusion of a period of subdued price action. This follows an announcement by investment firm Kynikos Associates, which revealed it has closed its short position against Strategy, the largest corporate Bitcoin holding company. James Chanos, founder of Kynikos Associates, stated that his firm unwound its short position on Michael Saylor’s Strategy (MSTR) and a long position on Bitcoin (BTC) at the start of the trading day on Friday. Pierre Rochard, CEO of The Bitcoin Bond Company, commented that the bear market for Bitcoin treasury companies is gradually coming to an end.

Chanos noted that shares in Strategy have decreased by approximately 50% from their 2025 high, with the company’s market Net Asset Value (mNAV) compressing to 1.23x. He emphasized the prudence of covering this trade with mNAV below 1.25x, having dropped from around 2.0x as recently as July 2025. Additionally, Chanos highlighted that MSTR’s implied premium, calculated as its enterprise value minus the value of its 641,205 BTC stash, has declined from about $70 billion in July to $15 billion, indicating a potentially better valuation for the company. While MSTR might still face further mNAV compression, particularly if it issues more common equity, Chanos believes the thesis has largely played out. Rochard remarked that this development is the kind of signal that suggests a potential market reversal.

Shares in numerous publicly traded companies holding Bitcoin on their balance sheets have experienced significant declines in recent months, leading some analysts to question the sustainability of Bitcoin treasury strategies. Strategy has been notably impacted in terms of total value, with its market cap dropping over 43% from $122.1 billion in July to $69.5 billion as of Friday. Metaplanet, a top-performing stock on the Tokyo Stock Exchange at the start of 2025, has similarly seen its market cap reduced by 56% since June 21. Other companies involved in Bitcoin acquisitions have even resorted to selling some of their BTC holdings to address outstanding debt.

The crypto market has been under pressure, partly due to the U.S. government shutdown. However, multiple U.S. media outlets reported on Sunday that the Senate reached an agreement to pass a package of budget bills to end the shutdown. Following these reports, Bitcoin saw a 2% increase to $106,430 within 50 minutes, suggesting that the reopening of the government could enhance sentiment toward the crypto market.

According to Odaily, following the procedural vote in the U.S. Senate to end the government shutdown, the price on Polymarket for the prediction that the U.S. government will resume operations between the 12th and 15th has surged to $0.81.

According to PANews, data shared by on-chain analyst James Check indicates that approximately 4.64 million BTC, valued at over $500 billion, have been transferred from dormant wallets this year. Analysts suggest that this movement has contributed to Bitcoin's sideways market trend.

According to Odaily, on November 10, data from SoSoValue indicates that the Senate has reached an agreement to extend government funding, resolving the government shutdown issue and reducing macroeconomic uncertainty. This development has positively impacted the cryptocurrency market, with Bitcoin (BTC) rising by 3.78% to surpass $105,000, and Ethereum (ETH) increasing by 7.03% to exceed $3,600. Additionally, the DeFi sector showed significant growth, climbing 5.35%, with Uniswap (UNI) up by 12.03% and Aerodrome Finance (AERO) rising by 14.58%.

Notably, MAG7.ssi increased by 4.90%, DEFI.ssi rose by 6.19%, and MEME.ssi gained 4.08%.

Other sectors also performed well, including the RWA sector, which saw a 24-hour increase of 5.16%, with Sky (SKY) and Keeta (KTA) rising by 5.97% and 13.76%, respectively. The PayFi sector grew by 4.94%, with COTI (COTI) surging by 60.71% and Monero (XMR) up by 8.73%.

In other areas, the Meme sector increased by 3.86% over 24 hours, with Giggle Fund (GIGGLE) up by 20.96%. The Layer 1 sector rose by 3.11%, with Zcash (ZEC) gaining 11.93%. The CeFi sector climbed by 2.30%, with Aster (ASTER) up by 9.06%. The Layer 2 sector increased by 1.66%, with Starknet (STRK) rising by 9.34%.

Indices reflecting historical trends in crypto sectors showed that ssiDeFi, ssiLayer1, and ssiRWA indices rose by 6.58%, 5.29%, and 4.92%, respectively.

According to Odaily, Liquid Capital founder Yi Lihua stated on the X platform that Ethereum is beginning to rebound. Despite the uncertainty surrounding the reopening of the U.S. government, known for its crypto-friendly stance, various industry policies continue to be favorable. For instance, the Commodity Futures Trading Commission (CFTC) is considering allowing stablecoins as tokenized collateral. Yi remains optimistic about future market trends and supports a buy-the-dip strategy.

According to BlockBeats, U.S. Treasury Secretary Besant announced significant progress in controlling inflation, predicting a decrease in prices over the coming months.

According to Odaily, the National Computer Virus Emergency Response Center has released a technical analysis report on a significant hacking incident involving the LuBian mining pool. In 2020, hackers stole a total of 127,272.06953176 bitcoins, valued at approximately $3.5 billion at the time and now worth $15 billion. The bitcoins were linked to Chen Zhi, chairman of Cambodia's Prince Group. Following the attack, the stolen bitcoins remained dormant in a hacker-controlled wallet for four years, which is unusual for typical hackers who usually seek quick profits. This inactivity suggests the involvement of a 'state-level hacker organization.'

In June 2024, the stolen bitcoins were moved to a new wallet, where they remain untouched. On October 14, 2025, the U.S. Department of Justice announced criminal charges against Chen Zhi and the seizure of 127,000 bitcoins from him and the Prince Group. Evidence indicates that the bitcoins seized by the U.S. government are the same ones stolen from the LuBian mining pool in 2020. This suggests that the U.S. government may have used hacking techniques to seize Chen Zhi's bitcoins, marking a 'black-on-black' operation orchestrated by a state-level hacker organization.

The 2020 hacking incident had a profound impact on the LuBian mining pool, leading to its dissolution and a loss of over 90% of its total assets at the time. The current value of the stolen bitcoins, now $15 billion, highlights the amplified risks associated with price volatility.