According to Odaily, four prominent mining pools and computing power ecosystems—F2Pool, GrandCroix, DePIN X Capital, and Codestream—have officially joined the Psy Protocol public testnet. These entities will participate with real computing power in network operations, transaction verification, and zero-knowledge proof aggregation, providing foundational support for performance and security testing before the mainnet launch. Psy Protocol's internal benchmarking has demonstrated the capability to process over a million transactions per second (TPS). The protocol architecture allows users to generate transaction proofs on local devices, while miners verify and recursively aggregate zero-knowledge proofs. This approach decouples the verification burden from transaction volume, enabling horizontal scaling as more users participate concurrently. Psy Protocol is a smart contract platform based on proof of useful work. By allowing users to generate transaction proofs and aggregate zero-knowledge proofs on-chain, Psy empowers developers to build large-scale Web3 applications and supports the AI agent economy.

Binance's live trading platform, SmartMoney Hanmancheol, added to his short position in AIA after partially closing out his existing positions. He currently holds a 3x leveraged short position of 39,164 AIA tokens, with a floating loss of approximately $447,000.

According to Cointelegraph, XRP experienced a significant drop of over 9% following Ripple's Swell conference, continuing its downward trend in November. The cryptocurrency's price fell to $2.19 after reaching a peak of nearly $2.40 on November 5, despite Ripple's major announcements during the event. The Swell conference, held in New York from November 4 to 5, featured Ripple unveiling a $500 million funding round led by Citadel Securities and Fortress Investment Group, introducing new integrations for its RLUSD stablecoin, and hinting at a decentralized lending protocol on the XRP Ledger (XRPL). However, these announcements failed to sustain the bullish sentiment among XRP investors, reflecting the "buy the rumor, sell the news" phenomenon that has often followed Ripple's annual showcase. For four of the past five years since 2020, XRP has consistently posted negative returns between the Swell event and year-end, indicating that the initial excitement tends to dissipate quickly. Additionally, the recent dip in Bitcoin's price below $100,000 amid equity market weakness and tightening U.S. liquidity has dampened sentiment across altcoins, including XRP. The cryptocurrency's recent breakdown has confirmed a classic bear flag continuation setup, further reinforced by an impending death cross, where the 50-period exponential moving average (EMA) falls below the 200-period EMA. This pattern emerged after XRP's sharp decline from around $3.60 in early September, followed by a narrow consolidation channel slanting upward toward $2.60. The rejection from the flag's upper boundary and the subsequent breach below the lower one suggest that sellers are regaining control. XRP is now facing the possibility of falling toward the $1.65–$1.70 range, aligning with the bear flag's measured move target and April support. This projected downside target closely matches XRP's aggregated realized price, according to Glassnode data. This level represents the average on-chain cost basis across all wallet cohorts, indicating that a retest could mark a key value zone where long-term holders historically accumulate. Such convergence often acts as a psychological and technical support floor, potentially limiting further downside pressure. Readers are reminded that this article does not contain investment advice or recommendations, and every investment and trading move involves risk. It is advised to conduct thorough research before making any financial decisions.

Recommended reading tonight: 1. The culprit behind the Stream collapse: DeFi Curator's crisis and opportunity; 2. The bloody history of the top ten cryptocurrency scams that swindled billions; 3. MEV is not destiny, but a choice that blockchain must face.

Canton Network's token CC has announced its continued listing on multiple major exchanges. According to the official announcement, Bybit will officially launch CC spot trading on November 10th. MEXC will list CC on November 10th, with CC/USDT trading opening at 07:00 (UTC) on the same day. KuCoin will open trading on November 10th, with a roughly one-hour call auction phase from 06:00 to 07:00 (UTC) before the official matching process. Bitget previously announced its CC listing on November 5th. Furthermore, Binance and Kraken announced their plans to list CC earlier, and OKX will also launch CC contract trading.

Kent Smetters, head of the Wharton Budget Modeling Project at the University of Pennsylvania, believes that "doomsday" will arrive in the United States between 2045 and 2050, a critical point for the US economy. By then, the cost of paying interest on the federal government's national debt will be so enormous that even massive tax increases will be ineffective. Smetters states that by then, the US government will be in a situation of explicit or implicit default, both of which will have catastrophic consequences. An explicit default would make the US a global defaulter. An implicit default could theoretically be achieved through debt monetization (leading to inflation) or cuts to Social Security and Medicare spending. Smetters says, "This is when panic begins to spread, and it's also when trust in the government is lost. This is also the cause of the destruction of other societies. Tracing back to Rome, France, Spain, England, and Germany, almost every empire collapsed because of debt." (Jin Shi)

Federal Reserve Vice Chairman Jefferson stated that interest rates are closer to neutral, so it's best to proceed slowly; it's too early to judge how artificial intelligence will change the economy. (Jinshi)

According to Spot On Chain monitoring, the two whales bought a total of 534,894 HYPE tokens in the past two days. Specifically, whale "0x5AE" spent 11.21 million USDC to buy 285,821 HYPE tokens at an average price of $39.23, while whale "0x152" spent 9.85 million USDC to buy 249,073 HYPE tokens at an average price of $39.54.

جاءت أرباح شركة Block Inc. للربع الثالث دون توقعات المحللين من حيث الإيرادات وصافي الأرباح، على الرغم من النمو القوي في أرباح وحدتي Cash App وSquare. source: https://ar.cointelegraph.com/news/block-inc-shares-down-q3-earnings-miss?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Tether adds 960 BTC, raising reserves to 87,296 BTC as market accumulation accelerates. Whales and long-term holders show strong demand signals in Bitcoin. source: https://coincu.com/crypto/tether-adds-960-btc-amid-rising-large-holder-accumulation/

Ethereum smart account wallet platform SafeWallet has rearchitected its systems in the wake of the infamous $1. 5 billion theft of ETH from Bybit. source: https://cointelegraph.com/news/bybit-hack-safe-rearchitects-systems?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Crypto Market: A Billion-Dollar Scam - The Blood and Tears History of the Top Ten Crypto Scams (Golden Finance) Cryptocurrency itself is not a scam, but scams always seem to emerge alongside new fields.

Trump's cryptocurrency advisor, David Bailey, warned that the credit crisis in the DeFi lending sector is evolving into a cryptocurrency liquidity crisis.

Coinbase Europe was fined €21.5 million by the Central Bank of Ireland after its system failed to monitor over 30 million transactions worth more than €176 billion between 2021 and 2022. The errors, caused by coding mistakes, meant some potentially suspicious transactions linked to crime went unchecked, and Coinbase has since fixed the system and strengthened its controls.

Chinese singer-dancer Xin Liu has unveiled the official music video for her latest single Passion — filmed entirely in Singapore — joining a growing list of international artistes collaborating with the Singapore Tourism Board (STB) to spotlight the city’s cultural and creative landscape.

When application costs approach zero, operating costs are fixed and controllable, and payment frictions disappear, a massive number of "long-tail super individual businesses" will inevitably emerge in the market.

In the early hours of November 7, Tesla shareholders cast an unprecedented vote, with over 75% of the votes approving Elon Musk's $1 trillion compensation plan.

If you don't understand where the returns on an investment come from, then you are the returns.

Crypto exchange OKX is making a bold move into Latin America’s booming crypto economy with the launch of OKX Pay and the OKX Card in Brazil. The initiative gives Brazilians direct access to USD-denominated stablecoin savings and payment infrastructure, marking a significant step toward bringing digital dollar finance into everyday use.

Google Finance now shows live data from US prediction markets Kalshi and Polymarket. This lets users track event probabilities alongside regular financial info, but regulatory questions remain.