China Accuses US of Stealing $13B in Bitcoin

️ On today's Top Picks:

Crypto News

• ⭐️ China accuses the US of stealing ~$13B in Bitcoin $BTC; alleges the US stole 127,272 BTC from the Chinese-based LuBian mining pool in December 2020.

• Hyperliquid $HYPE temporarily paused deposits & withdrawals amid potential market manipulation; a ~$30M POPCAT position was liquidated causing HLP to take over & lose ~$4.9M before Hyperliquid manually closed the position.

• Coinbase $COIN & BVNK call off $2B acquisition; entered into exclusivity in October, but decided not to proceed with the deal; no reason given.

• JPMorgan $JPM launches JPMD deposit token on Base; JPMD represents US dollar deposits held at JPMorgan & enables 24/7 real-time transfers.

• Dromos Labs to unify Aerodrome $AERO & Velodrome $VELO into 'Aero'; to initially launch on Ethereum & Circle's upcoming Arc blockchain.

• Figure $FIGR to launch $YLDS, a registered public debt security, on Solana $SOL; Exponent to be the first ecosystem partner to adopt YLDS on Solana.

• Canary $XRP ETF to begin trading on November 13th; Bitwise, 21 Shares, WisdomTree, ProShares, & Grayscale have also proposed XRP ETF's.

• Sui $SUI announces USDsui, a native, fiat-backed, GENIUS-ready, & yield-sharing stablecoin issued by Stablecoin; to launch later this year.

• EigenCloud $EIGEN partners with LayerZero $ZRO to launch EigenZero, the first cryptoeconomically secured Decentralized Verifier Network (DVN).

• SoFi $SOFI to launch crypto trading beginning on November 10th; previously offered crypto trading, but discontinued it in 2023.

Alpha

• Coinbase $COIN launches Coinbase One Member Week; Day 2 offers 3% in Bitcoin $BTC when adding crypto or USDC to your account; Day 3 offers up to 5x more tokens for upcoming Monad $MON public sale.

• ⭐️ Circle $CRCL to launch token for its Arc blockchain; Arc recently launched its public testnet.

• Rainbow adds support for HyperEVM $HYPE, Sonic $S, & Linea $LINEA networks; to add more chains "every day"; to launch $RNBW soon.

• Zerion launches new quest with YO; deposit into YO to earn a lifetime 2.5x boost on YO Points & Zerion XP.

• Moonbirds launches Nansen X Moonbirds SBT; Nansen points holders are eligible based on their tier (Green, Ice, North, & Star).

Airdrops

• Allora launches $ALLO airdrop claim; Allora community members, Allora builders, & more are eligible.

• Espresso announces more paths to $ESP airdrop eligibility; LayerZero $ZRO holders, Stargate top users, & Superposition top users are eligible.

• Infinex to launch $INX TGE & airdrop soon; Infinex Patrons NFT holders to be eligible.

• ICYMI Aster to launch $ASTER Stage 3 airdrop checker on December 1st & airdrop claim on December 15th; Aster Stage 3 users to be eligible.

Finance News

• ⭐️ US President Trump signs bill ending the US government shutdown; ends record 43-day government shutdown.

• Coinbase $COIN to leave Delaware and reincorporate in Texas; cites Texas’ corporate legal framework offering the right mix of efficiency, predictability, and fairness.

• Coinbase $COIN hires Liz Martin to be its VP, Product, overseeing Markets and Derivatives; Martin previously worked at Goldman Sachs for 25 years.

• Circle $CRCL reports Q3 2025 earnings; reports net income of $214M, total revenue of $714M, EBITDA of $166M, & more.

• CleanSpark $CLSK to raise $1.15B (upsized from $1B) via convertible notes offering; to use proceeds for share repurchases, power & land portfolio expansion, data center infrastructure development, & more.

• Sharplink $SBET reports Q3 2025 earnings; reports net income of $104.3M, revenue of $10.8M, & more; currently holds 861,251 Ethereum $ETH (~$3B).

• Solana Company $HSDT to tokenize shares on Superstate’s Opening Bell; currently holds ~2.3M Solana $SOL (~$352M).

• DeFi Dev Corp $DFDV reports Q3 2025 earnings; reports net income of $59M & more; to raise up to $65M via preferred stock offering to buy more Solana $SOL; currently holds 2,195,926 SOL (~$336M).

• Upexi $UPXI reports Q1 2026 earnings; reports net income of $66.7M, revenue of $9.2M, & more; currently holds 2,106,989 Solana $SOL (~$322M).

• Cypherpunk $CYPH (previously Leap Therapeutics $LPTX) buys 203,775 Zcash $ZEC (~$106M) at ~$245 per ZEC; recently raised $58.88M via private placement led by Winklevoss Capital.

• Exodus $EXOD reports Q3 2025 earnings; reports net income of $17M, revenue of $30.3M, & more; also acquires Grateful for an undisclosed amount.

Security and Exploits

• ⭐️ Microsoft $MSFT releases November 2025 security updates; patches 63 flaws, including one actively exploited zero-day vulnerability.

• Dubai Court freezes $456M linked to Justin Sun’s bailout of TrueUSD issuer Techteryx; funds were allegedly funneled into Aria Commodities for illiquid deals.

• Bybit's Lazarus Security Lab publishes "Examine The Impact of Fund Freezing Ability in Blockchain"; reveals 16 blockchains have built-in fund freezing capabilities.

• aPriori $APR reportedly distributes 60% of its airdrop to one entity via 14,000 addresses; the unknown entity is still funding new wallets to claim more of the airdrop.

• US DOJ establishes Scam Center Strike Force to dismantle international “pig butchering” crypto scams; scammers stole up to $135B from Americans in 2024.

Token Unlocks

• Avalanche $AVAX / ~$29M / NOV 13th
• WalletConnect $WCT / ~$15M / NOV 15th
• Starknet $STRK / ~$18M / NOV 15th
• Sei $SEI / ~$10M / NOV 15th
• Arbitrum $ARB / ~$25M / NOV 16th
Sourced from Tokenomist

Funding

• ⭐️ Lighter raises $68M at a $1.5B valuation led by Ribbit Capital & Founders Fund.

• Seismic raises $10M in funding led by a16z Crypto.

• Curvance raises $4M in Strategic funding led by Primal Capital & F-Prime Capital.

• Shodai Network raises $2.5M in Seed funding from Consensys, Consensys Mesh, & Joseph Lubin.

The Degen Farmer