PANews, November 15 - According to Decrypt, Nevin Shetty, the former CFO of a software company in Washington State, was found guilty by a federal jury on four counts of telecommunications fraud for unlawfully transferring $35 million of company funds into his self-built encryption platform and investing in high-risk Decentralized Finance protocols. Shetty secretly moved company funds after learning he would be fired in 2022, initially making a profit of about $133,000, but his investments nearly dropped to zero after the Terra ecosystem collapsed in May 2022. He later admitted to his actions and was terminated by the company. Shetty is scheduled to be sentenced in February next year and could face up to 20 years in prison.

MicroStrategy's Bitcoin Holdings reportedly decreased from 484,000 to 437,000, a reduction of about 47,000 coins. Michael Saylor responded that this rumor is not true and stated that the company will continue to purchase Bitcoin, planning to announce the latest acquisition status next Monday.

According to Bloomberg analysts, the SEC received over 900 registration filings during the government shutdown and is accelerating the processing. Registration statements without a delay of effectiveness clause can automatically take effect after 20 days, which may prompt some encryption ETF issuers to expedite their listings, with Bitwise's XRP ETF possibly becoming the next batch of candidates.

Bitcoin broke below $100,000 amidst deteriorating macro sentiment, falling to a low of $98,000 and re-entering a Bear Market. The adjustment was triggered by weakened expectations of Fed interest rate cuts and a dumping of tech stocks. Analysts believe that if it falls below $80,000-$85,000, the risk of further decline increases, and it is advised to flexibly allocate across multiple markets using USDT.

Odaily News Mai Tong MSX founder Bruce posted on the X platform, "The previous generation Bitcoin Mining Rig S19 and M60 series have finally reached the shutdown price. If we don't shut them down, next month's electricity bill will lead to losses."

According to BlockBeats news on November 14, summarizing Christine Kim's report on the 169th Ethereum Consensus Layer Core Developer Conference (ACDC), the meeting mainly discussed: changes to FOCIL (which was originally considered for inclusion in the Glamsterdam upgrade, but developers are more optimistic about reliable implementation in the Heka upgrade; if achieved, there is stronger industry support for including FOCIL Consensus in Heka. Currently, discussions on the inclusion arrangements will begin before the formal start of the Heka upgrade scope, and plans are to discuss it at the next ACDC in two weeks.

According to ChainCatcher news and Jin10 reports, Fed's Mousalem expects economic weakness in the fourth quarter, with a rebound expected in the first quarter of next year, reaching or exceeding potential levels.

BlockBeats news, on November 14, Fed's Hamak stated that the employment aspect of the Fed's responsibilities faces challenges as the job market softens. According to sources, inflation is too high and is moving in the wrong direction. The current unemployment rate is close to its highest level. This is a difficult time for monetary policy. Some inflation may be driven by tariffs, but service inflation is indeed concerning. The Fed's policy needs to maintain a certain degree of tightening to drop inflationary pressures. Tariffs are expected to raise the inflation rate before the beginning of next year. (Jin10)

JPMorgan analysts pointed out that the support price for Bitcoin is around $94,000, and the current downside is limited. At the same time, the analyst team predicts that Bitcoin may pump to around $170,000 within the next 6-12 months.

According to Foresight News and reported by CoinDesk, the Czech National Bank (CNB) has announced the creation of a $1 million Crypto Assets test investment portfolio, which includes Bitcoin (BTC), dollar stablecoins, and tokenized deposits. The pilot project aims to test the processes related to the purchasing, holding, and managing of Blockchain-based assets, and the bank plans to share its experiences in the next 2-3 years. The bank stated that the total investment amount will not be actively increased, and this acquisition does not utilize the bank's existing International Reserve.

According to Golden Finance, the Wall Street Journal reported that the artificial intelligence startup Cursor (which helps engineers write code) raised $2.3 billion in a new funding round, bringing the company’s valuation to $29.3 billion. Cursor can analyze programmers' actions and suggest the next few lines of code. It also provides a chatbot where users can ask questions related to code. This valuation is remarkable for a startup that was valued at less than $10 billion just a few months ago, highlighting investors' sustained and strong interest in all things AI-related. Advances in generative AI have driven valuations of a whole generation of coding companies utilizing this technology, such as Replit, Sweden's Lovable, and Cognition. However, the challenge they face, like many AI products, is cost. AI coding companies must pay to build or access AI models to support their applications.

Odaily News According to a report by BitcoinMagazine, Alderney is exploring plans to use renewable energy for Bitcoin mining, which is expected to become the next "Bitcoin Island."

Goldman Sachs predicts that due to the U.S. government shutdown, the macro data originally scheduled for release tonight will be delayed. The new data is expected to show a slowdown in the labor market, inflation still above the Fed's target, and moderate economic growth.

According to ChainCatcher news, Jin10 reported that Fed official Collins stated on Wednesday that due to concerns about high inflation, she believes the threshold for further easing of monetary policy is "relatively high" in the near term. Previously, Collins voted in favor of the Fed's two rate cuts this year. Karim Basta, chief economist at III Capital Management, pointed out that Collins' statement is significant, and the next action may occur in January next year rather than December, to give them more time to observe the data.

According to Jinse Finance and Unfolded, the Chicago Mercantile Exchange Group (CME Group) and FanDuel will launch the FanDuel Predicts prediction market platform in the United States next month.

The Monetary Authority of Singapore plans to promote a secure tokenization financial ecosystem, launching a pilot for tokenized note issuance next year and developing regulatory legislation for stablecoins. The director stated that asset-backed tokens have not yet reached a mature stage, while also supporting the exploration of tokenized bank liabilities and stablecoin settlement projects.

ChainCatcher 消息，据金十报道，美联储博斯蒂克宣布，他计划在明年二月他的当前任期结束时退休。博斯蒂克于 2017 年开始担任亚特兰大联储主席，是首位领导地区联储银行的非裔美国人。他今年一直关注通胀风险，敦促同事们在降低利率时保持谨慎，并警惕关税的潜在影响。虽然他没有对货币政策决定进行投票，但支持美联储在九月和十月的两次降息。

Odaily Planet Daily reports that the Atlanta Federal Reserve announced that its chairman, Bostick, plans to retire when his term ends on February 28 next year. Cheryl Venable will serve as acting chair. (Jinshi)

ChainCatcher News: American mining hardware manufacturer Auradine will release the next-generation Teraflux Bitcoin mining equipment in 2025, with an energy efficiency as low as 9.8 Joules per terahash (J/TH), approaching industry-leading levels. The new series includes air-cooled, water-cooled, and immersion-cooled models, with the water-cooled version reaching a hash rate of 900 TH/s. Auradine emphasizes the advantages of its design and manufacturing being based in the United States, reducing reliance on overseas supply chains. The company has secured over $300 million in funding and plans to deliver prototypes in Q2 2026, with mass shipments in Q3, while also upgrading its

Dutch International Group analyst Chris Turner stated that the Federal Reserve is expected to further cut interest rates by 75 basis points, which could lead to a decline in the US dollar due to reduced hedging costs, increasing investors' hedging ratio on dollar assets. The euro is expected to rise to 1.22 by 2026.

BlockBeats News, November 12th, Morgan Stanley released a stock price analysis for Tesla over the next 6-12 months, stating that besides Elon Musk's $1 trillion compensation plan, several factors will influence Tesla's stock price in the coming year: - xAI Association: Tesla's relationship with Musk's AI startup xAI is crucial both financially and strategically, as they share data and software synergy; - Full Self-Driving (FSD): Musk claims that version 14.3 will allow drivers to "send texts while driving," marking a significant milestone in algorithmic driving; - Chip Manufacturing: Musk hinted that Tesla might build its own chip factory to ensure AI supply and strengthen vertical integration; - AI Network Vision: Tesla could convert idle vehicles into a distributed AI cloud, forming a massive "cluster" intelligent network. Morgan Stanley states

PANews November 12 News, according to U.S. media reports, Yann LeCun, a French-American scientist known as one of the "Godfathers of AI," will leave Meta after working there for 12 years to start his own AI company. LeCun has long been known for his critical perspective, considering the current industry hype around large language models (LLMs) as an "irrational obsession." He pointed out that the true path to surpassing human intelligence is not through chatbots, but through "world models"—AI systems capable of learning about the real world through video, spatial, and sensor data. LeCun emphasized that this kind of cognition training based on the physical world is key to artificial general intelligence (AGI). This view is also supported by former Stanford professor and "AI godmother" Fei-Fei Li, who believes that the next frontier of AI is "spatial intelligence." She argues that LLMs "are eloquent but lack experience," making it difficult for them to truly understand the world.

Goldman Sachs strategists expect US stocks to perform poorly over the next decade, with an annual return of only 6.5%, highlighting the need to focus on emerging markets and global markets. Analysis indicates that emerging markets could yield returns of 10.9%, with growth in China and India driving the gains.

JPYC is Japan's first officially licensed Japanese Yen stablecoin issuer, planning to invest 80% of its issuance revenue into government bonds to fill the gap caused by the Bank of Japan slowing down bond purchases. Currently, the issuance volume is approximately $930,000, with a target of reaching $66 billion in the next three years.

Gold Ten Data, November 12 — According to U.S. media reports, U.S. President Donald Trump has written to Israeli President Isaac Herzog, urging him to exercise his legal pardon authority for Prime Minister Benjamin Netanyahu, who faces charges of bribery, fraud, and breach of trust. Although Trump previously called for Netanyahu’s pardon, including during a speech to the Israeli Knesset last month, this is the first known letter he has sent to Herzog on this matter. Retired Israeli law professor Frances Raday (who has litigated before the Israeli Supreme Court) stated, “This shows great disrespect for the Israeli judicial system.” Netanyahu, the country’s longest-serving leader, is expected to call elections next year. According to Israeli law, if a prime minister is convicted of crimes involving “moral turpitude” and all appeals are exhausted, his term will automatically end. The government will then become a caretaker government until a new government is sworn in.

Japanese Foreign Minister Toshimitsu Motegi and UK Foreign Secretary James Cleverly held their first talks on the 11th. Both sides agreed to strengthen economic security cooperation, emphasized the importance of the rule of law and free trade, and discussed topics such as the joint development of next-generation fighter jets among Japan, the UK, and Italy.

PANews November 12th News, Sonic Labs CEO Mitchell Demeter shared the project's next phase plans on the X platform. Demeter stated that Sonic currently has sufficient funding, with no liquidity concerns, and possesses the resources needed to execute long-term plans. In this development phase, Sonic will be driven by practical use cases, clear economic benefits, and continuous delivery of results, rather than speculative activities. Additionally, Sonic plans to improve its tokenomics to achieve deflation and intends to introduce a new layered fee monetization (FeeM) structure, with reward levels ranging from 15% to 90%. Of this, 10% will be allocated to validators, while the remaining portion will be burned. This initiative aims to reward actual usage and network activity while promoting deflation. Sonic is also advancing plans to establish an office in New York City to

Jin10 Data, November 12th — On November 11th local time, it was reported that the Trump administration has officially determined that the current funding source of the Consumer Financial Protection Bureau is illegal. This move means that the agency will shut down after exhausting its existing funds in the coming months. Court documents disclosed on the evening of the 10th revealed this decision. The documents show that the Trump administration has concluded that laws prohibit the Consumer Financial Protection Bureau from seeking additional funds from the Federal Reserve, which is the agency’s usual funding source. In the submitted documents, the Consumer Financial Protection Bureau stated that its funds could last at least until the end of this year, but it is "expected to run out of existing funds in early 2026." Unless Congress passes a new appropriations bill, the Consumer Financial Protection Bureau will face a funding shortfall starting next year, potentially preventing it from carrying out necessary activities.

U.S. federal prosecutors plan to re-try two MIT graduates, James and Anton Peraire-Bueno, who were accused of stealing $25 million in cryptocurrency. The earliest scheduled trial date is set for February next year.

Capybobo launches doll clothing blind boxes, drawing inspiration from the Pop Mart model, combined with the PYBOBO token to achieve wealth leaps. It uses a transparent rarity system and airdrop incentives to enhance liquidity, aiming to serve a 48 billion yuan market, with a recent launch.

Wintermute stated that the market has become more balanced after intense volatility. Cryptocurrency performance remains poor, but there are signs of venture capital returning. The DePIN, L2, and AI sectors rebounded, though market breadth is limited. Mainstream cryptocurrencies like Bitcoin need to lead the rebound but have not yet triggered it. The market structure is clear, and the macro environment is favorable. The next wave of volatility may stem from policy and political factors.

The U.S. Small Business Confidence Index declined to 98.2 in October, the lowest in six months, primarily due to worsening profitability and diminished optimism. Although the report shows relatively optimistic hiring challenges, the outlook for activity improvement over the next six months has fallen to 20%.

Foresight News reports that digital asset management company Farm Capital tweeted that its on-chain yield strategy product mFARM has borrowed 1.09 million USD from the Silo sUSDX·USDC market (Arbitrum platform ID 127) and is currently unable to withdraw. In the worst-case scenario, this 1.09 million USD could become a bad debt, resulting in a total loss. The team is actively seeking the recovery of the sUSDX market and will do its best to recover the funds. Farm Capital will bear over 50% of the bad debt, some of which has already been transferred through OTC trades. The price of mFARM will be updated within the next 48 hours, after which redemptions will resume normally. Users looping mFARM/USDC on Euler or Morpho should pay attention to the health factor and liquidation price.

Jin10 Data, November 10th: Japanese Prime Minister Fumio Kishida's goal is to use his first stimulus package to kickstart the economy and initiate a new growth strategy through investments. According to a document released after the first meeting of an expert panel responsible for developing Japan's new economic growth strategy by next summer, the panel recommends that the Prime Minister leverage this plan to launch efforts to establish robust growth through "crisis management investments and growth investments." The expert panel stated that the government should focus on investing in 17 sectors that Kishida considers vital to Japan's economic growth. These sectors include semiconductors and artificial intelligence, shipbuilding, the defense industry, and critical minerals. Kishida has signaled a shift toward more expansionary fiscal policies and has indicated that Japan is only halfway to achieving stable inflation supported by wage growth. This suggests that he wants the Bank of Japan to remain cautious as it gradually raises interest rates. He also emphasized his commitment to implementing both responsible and expansionary fiscal policies.

UBS report indicates that the growth of U.S. debt will lead long-term Treasury investors to demand higher term premiums, causing the yield curve to steepen again. However, the ten-year Treasury yield is expected to decline due to Federal Reserve rate cuts, falling to 3.50% next year and rising back to 4% by the end of 2026.

Gate News Bot message, November 10th, according to CoinMarketCap data, as of press time, STRK (Starknet) is trading at $0.20, up 41.94% in the last 24 hours, with a high of $0.20 and a low of $0.10. The current market capitalization is approximately $917 million, an increase of $271 million from yesterday. Recent important news about STRK: 1️⃣ **StarkWare Deploys S-two Prover, Significantly Enhancing Network Performance** StarkWare has deployed the next-generation open-source S-two prover on the Starknet mainnet. This is currently the fastest proof system in production with the strongest privacy protection capabilities. This upgrade reduces proof generation time and verification costs while increasing the network's throughput and scalability. S-two generates zero

Citigroup Investment Research forecasts that the composite yield of Japanese government bonds over the next 30 years will fluctuate between 3% and 3.2%, with a reduction in issuance size supporting ultra-long-term bonds. It is expected that the issuance of 20-year and 30-year bonds will decrease by 100 billion yen each time, and the issuance of 40-year government bonds will slow down next year.

ZKasino founder Derivatives Monke posted on the X platform that approximately 35% of ETH refund requests from ZKasino bridging users have been processed, involving around 2,500 addresses. Users can check their ETH on zkSync Lite or zkSync Era. Due to high Ethereum Gas fees, refunds are being processed through the aforementioned networks. Next week, an additional 40% of requests are planned to be processed, bringing the total to 75%. For large withdrawals, KYC and other procedures will be required.

Derivatives Monke on the X platform has processed 35% of ZKasino ETH withdrawal requests, involving 2,500 addresses. Users can check ETH on zkSync; due to high gas fees, withdrawals are conducted via the zkSync network. Next week, they plan to process 40% of the requests. Large withdrawals require KYC procedures.

Hardware wallet manufacturer Ledger plans to raise more funds next year, possibly through an IPO or private placement. Currently, the company's performance is excellent, with revenue reaching hundreds of millions of dollars in 2025 and a valuation of 1.5 billion dollars.

Gate News bot message, seven cryptocurrency tokens are scheduled for significant unlocks in the upcoming week, with a total value exceeding $142 million. The largest unlock is $PUMP token at $41.57 million, followed by Aptos ($APT) at $36.33 million. Strike ($STRK) ranks third with $18.91 million,