Today's News Highlights:
Sources: Gary Gensler may announce his resignation in early January after Thanksgiving.
Reuters: The U.S. Attorney's Office for the Southern District of New York plans to reduce cryptocurrency-related cases.
The Strategic Bitcoin Reserve Bill has been published on Pennsylvania's website.
On-chain trading terminal DEXX was attacked, resulting in the transfer of tokens from multiple users.
The Dexx hacking incident has confirmed over 100 million yuan stolen, with issues related to private key storage and plaintext transmission of private key exports on its platform.
The average return rate for memecoins in the past 30 days is 103%, more than six times higher than the overall average return rate of the cryptocurrency market.
Coinbase adds FLOKI (FLOKI) to its listing roadmap.
A smart money investor bought 40.3 million BITCAT, profiting $467,000, with a return rate of 27,837%.
Regulation & Policy
EU regulators set guidelines for restrictions on cryptocurrency providers
According to Bitcoin Magazine, Gary Gensler made a statement suggesting he might leave the SEC. In two excerpts from Gensler's statement, he wrote: "Before I close, I want to talk about the U.S. Securities and Exchange Commission (SEC) and its staff." "I have been honored to work day in and day out with my colleagues at the SEC to protect American families on the financial highway."
In this statement, Gary Gensler outlined how he believes the SEC should effectively regulate the cryptocurrency industry: "First, parties issuing or selling securities to the public need to register and provide appropriate disclosures to the public; second, intermediaries need to register and be appropriately regulated regarding conflicts, disclosures, and business conduct." He stated: "Before I joined the Commission, many applications for Bitcoin ETFs and ETPs had been rejected or withdrawn by SEC staff. Shortly after I joined in 2021, the first Bitcoin futures ETF became effective after negotiations with SEC staff. Earlier this year, the Commission approved ETPs for physical Bitcoin and Ethereum. Subsequently, compared to the non-compliant cryptocurrency asset market, investors in these products benefited from disclosures, oversight, lower fees, and more intense competition. Everything we do is to ensure compliance with the law."
Trump nominates Bitcoin supporter RFK Jr. as U.S. Secretary of Health
According to The Block, U.S. President-elect Trump has nominated former Democrat Robert F. Kennedy Jr. (RFK Jr.), a supporter of Bitcoin, as the Secretary of Health and Human Services (HHS). During his 2024 presidential campaign, RFK Jr. advocated for establishing a Bitcoin strategic reserve to stabilize the dollar and exempt Bitcoin gains from capital gains tax, with part of his personal wealth invested in Bitcoin. Trump stated in a press release that Kennedy would "make America healthy again," committed to eliminating corruption in industrial food and pharmaceuticals.
Kennedy's nomination is part of Trump's pro-crypto team, which includes vice-presidential nominee JD Vance and defense secretary nominee Pete Hegseth. Notably, Tesla CEO Elon Musk and entrepreneur Vivek Ramaswamy will co-lead the newly established government efficiency department "DOGE." Additionally, market rumors suggest that Robinhood's Chief Legal Officer Dan Gallagher may succeed Gary Gensler as the chairman of the SEC, replacing the current hardline stance on the cryptocurrency industry.
Investors withdraw appeal against Musk for alleged Dogecoin price manipulation
According to Bloomberg, investors have withdrawn their appeal against Elon Musk for allegedly manipulating the price of Dogecoin, officially ending the related legal dispute.
Sources: Gary Gensler may announce his resignation in early January after Thanksgiving
Fox Business reporter Eleanor Terrett stated on platform X that while Trump's choice for SEC chairman remains unknown, Gary Gensler seems increasingly likely to resign voluntarily, opting not to complete his term (which expires in 2026). Sources in Washington have speculated that Gary is likely to announce his resignation in early January (before Trump's inauguration) after Thanksgiving (November 28).
According to Reuters, Scott Hartman, co-head of the Securities and Commodities Task Force at the U.S. Attorney's Office for the Southern District of New York, stated that the office plans to reduce cryptocurrency-related cases. Trump will shift the Justice Department's focus to immigration issues. This does not mean prosecutors will ignore crypto cases, but the personnel handling these cases will be reduced compared to 2022. Scott Hartman stated: "After the cryptocurrency winter, we took on many major cases, with numerous significant fraud cases. But we know our regulatory partners are very active in this area, and we are short-staffed."
Helix founder sentenced to 3 years in prison for money laundering
According to Cointelegraph, Larry Harmon, founder of the cryptocurrency mixer Helix, was arrested in 2020 for helping criminals launder money and has now been sentenced to three years in prison. U.S. District Judge Beryl Howell stated that the sentence was lenient given his cooperation in the Bitcoin Fog mixer case. Larry Harmon operated the dark web Helix cryptocurrency mixer from 2014 to 2017, during which over 350,000 BTC was laundered. Helix collaborated with the Grams dark web search engine, which Harmon also operated.
The Strategic Bitcoin Reserve Bill has been published on Pennsylvania's website
Dennis Porter, co-founder of the Satoshi Action Fund, announced on platform X that Pennsylvania's "Strategic Bitcoin Reserve" bill has officially been published on the state's website (HB2664).
Previous news indicated that the Pennsylvania House had submitted a legislative proposal allowing the state to include Bitcoin (BTC) as a reserve asset on its balance sheet.
Project Updates
Ink: Fault Proofs and Stage 1 are now live
Kraken's Layer 2 network Ink announced that its Fault Proofs and Stage 1 are now live, supported by Gelato Network. This update allows users to independently withdraw assets to Ethereum while being able to review and challenge rollup transactions on Ink. Additionally, the security committee is on standby to protect user assets in case of disputes. Ink stated that its next goal is to achieve faster asset withdrawal speeds and strengthen security measures.
Vivek Ramaswamy: DOGE (Department of Government Efficiency) will dissolve on July 4, 2026
Vivek Ramaswamy, who co-leads the U.S. Department of Efficiency with Musk, recently posted on X that the "Department of Government Efficiency" (DOGE) he plans to create will dissolve on July 4, 2026, as part of the celebration of the 250th anniversary of the Declaration of Independence. He quoted Reagan's famous saying, emphasizing the persistence of government agencies, but stated that DOGE would be an exception.
On-chain trading terminal DEXX attacked, multiple users' tokens transferred
On-chain trading terminal DEXX was attacked, with multiple users confirming that their funds were transferred. The official DEXX account in Chinese posted on platform X: "Currently, DEXX has noticed the issue of tokens being transferred as reported by multiple users, and several professional security audit teams are already analyzing and investigating. The team is working hard to resolve the issue; there is no rug pull. Further updates will be communicated promptly through in-site notifications and X/Telegram."
Coinbase adds FLOKI (FLOKI) to its listing roadmap
Coinbase Assets announced on platform X that FLOKI (FLOKI) has been added to its listing roadmap.
Ethena Foundation: Wintermute's proposal for "ENA fee conversion" has been approved
The Ethena Foundation stated on platform X that Wintermute's proposal to enable ENA fee conversion has been approved by the risk committee. The foundation will work with the risk committee to determine the activation parameters for the fee conversion by November 30 and follow an accurate implementation mechanism.
Previous news indicated that Wintermute proposed the "ENA fee conversion" proposal in the Ethena governance forum, suggesting the approval of a portion of protocol revenue to flow to sENA and providing clear parameters for future implementation. The proposal requires the Ethena risk committee to set revenue distribution conditions based on protocol maturity, such as USDe circulation and protocol revenue levels. At the same time, Wintermute calls for the Ethena Foundation to publicly disclose the historical and future distribution of protocol revenue to ensure transparency and alignment with the interests of ENA/sENA holders.
CZ's educational project Giggle Academy's X account suspected of being hacked
CZ's educational project Giggle Academy's X account is suspected of being hacked. Binance co-founder Yi He stated, "If the Giggle Academy account says it will issue tokens or asks users to invest, then it has definitely been hacked."
OneKey: Dexx may have uploaded users' clipboard
OneKey stated on platform X that Dexx may have also uploaded users' clipboard. OneKey received feedback that the app repeatedly requested this permission, and if users have copied private key mnemonic phrases on their phones, it is recommended to transfer assets as soon as possible.
According to official news, the Bit Jungle system monitoring has confirmed through preliminary investigation that the large-scale user asset theft incident on the Dexx trading platform has resulted in stolen funds exceeding 100 million yuan, and the hacker is still actively transferring user assets. The risk of internal collusion cannot be ruled out. In-depth technical analysis has revealed the following serious security issues on the Dexx trading platform:
Private key storage: The Dexx platform is a non-custodial platform but records user private keys. Once the system is attacked, hackers can easily obtain user private keys and steal user assets.
Plaintext transmission of private key exports: The Dexx platform did not take any encryption measures when users exported private keys, resulting in private keys being exposed in plaintext during transmission, making it easy for hackers to intercept.
Thala stated in the community that the Thala protocol was affected by a series of transactions earlier today, leading to temporary damage to the v1 liquidity pool. Thala's contributors have collaborated with several security agencies to regain access to all user funds. Efforts are underway to restore and compensate affected users. The team will release a complete post-mortem report later today, and once the affected liquidity pool returns to normal, all protocol functions will be restored. Due to this news, Thala (THL) experienced a sharp drop of over 50% early this morning, briefly falling below $0.26.
CertiK: DEXX security incident occurred on the Solana chain, which is not covered by its audit
According to official news, blockchain security audit company CertiK released a statement saying it has received numerous requests for help from DEXX platform users, who reported that their account assets were emptied. After verification, it was confirmed that this security incident occurred on the Solana chain, which is not within CertiK's audit coverage. CertiK stated that the main reason for the incident was improper private key management on the DEXX platform, leading to the leakage of official private keys.
It is reported that the large-scale user asset theft incident on the DEXX trading platform has confirmed that stolen funds have exceeded 100 million yuan, and hackers are still actively committing crimes.
Financing News
CNBC: xAI is raising up to $6 billion in capital, with a valuation expected to exceed $50 billion
According to CNBC, Elon Musk's xAI is raising up to $6 billion in capital, with a post-funding valuation expected to exceed $50 billion. xAI is primarily funded through sovereign wealth funds in the Middle East. xAI will use the newly raised funds to purchase 100,000 H100 chips to enhance the Memphis cloud cluster.
Important Data
According to Cryptoslate, Artemis data shows that the average return rate for memecoins in the past 30 days is 103%, more than six times higher than the average return rate of 16.1% in the cryptocurrency market. Among the 19 memecoins tracked by Artemis, DOGE and PEPE saw significant increases of 196.1% and 115%, respectively. Meanwhile, BONK rose by 70.2%, and BRETT increased by 63.5%.
Notably, many memecoins related to the U.S. election plummeted in the days following the presidential election, including MAGA (TRUMP), which fell by 72% in the past 30 days. According to market insight platform Kaito AI, as of November 14, memecoins accounted for nearly 24% of investors' attention. A quarter of cryptocurrency investors posting on X are discussing memecoins.
A smart money investor bought 40.3 million BITCAT, profiting $467,000, with a return rate of 27,837%
According to @ai_9684xtpa monitoring, smart money v2yNh…8A5a7 spent 7.84 SOL ($1,678) to buy 40.3 million BITCAT, with a cost as low as $0.00004165; subsequently, it sold all tokens in batches within a market cap range of $5 million to $30 million, profiting $467,000, with a return rate of 27,837%.
According to @ai_9684xtpa monitoring, since Wintermute proposed SLERF from OKX yesterday, the coin price has surged by 60% in the past 24 hours. Today, two major whales have significantly increased their positions in SLERF. About an hour ago, a large holder spent $2.3 million to buy 2.35 million SLERF, with a cost of $0.4325. Four hours ago, the address AkxGU…wfyqW spent 1.03 million USDC to buy 2.52 million SLERF, with a cost of $0.4103.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
