Cryptocurrency exchange Coinbase and UK stablecoin startup BVNK have canceled acquisition negotiations, despite both companies entering due diligence. A Coinbase spokesperson stated that the two parties mutually agreed not to proceed with the deal, which was valued at approximately $2 billion.

Golden Finance reports that the stock price of Bitcoin miner Bitdeer Technologies Group (stock code BTDR) has fallen over 30% this week, dropping from slightly above $23 on Monday morning to about $16 on Tuesday. The company's third-quarter earnings failed to meet investors' expectations for significant artificial intelligence infrastructure upgrades, leading to a continued downward trend in the stock price for nearly a month. Despite this, Benchmark analyst Mark Palmer reaffirmed a buy rating and a target price of $38. In a stock report released on Tuesday, he noted that the sell-off "seems to reflect overly high investor expectations rather than any deterioration in the company's fundamentals." Palmer stated that Bitdeer's fundamentals remain solid in self-mining, hosting, and cloud services, with revenue increasing by 174% year-over-year.

California Governor Newsom criticized the Trump administration's proposal to sell offshore oil drilling rights on the U.S. West Coast, calling it "doomed to fail from the start," and accused Trump of not promoting the plan near his own resort, considering it a shameful act.

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.

PANews November 12 News, the decentralized lending platform Curvance announced the completion of a $4 million strategic funding round. The lead investors are F Prime Capital and 0xPrimal, with participation from Auros, GSR, Flowdesk, Q42, v3v ventures, and others. The project is positioned as a decentralized lending and collateral platform, supporting collateralization of yield assets such as LST, LRT, stablecoins, Pendle PT, and LP tokens. The team states that the architecture is self-developed, incorporating

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.

Jin10 Data, November 11th: Data shows that Russia's maritime crude oil shipments have declined for the third consecutive week, dropping to the lowest level in two months. The decreased volume and lower prices have impacted the Kremlin's revenue. Ship tracking data indicates that over the four weeks ending November 9th, Russia shipped an average of 3.45 million barrels of crude oil per day, about 130,000 barrels less than the same period ending November 2nd. Last month, the United States sanctioned Russia’s two largest oil producers, prompting some Asian buyers to reduce their purchases. It is difficult to determine exactly what procurement cuts are occurring, as tankers are delaying revealing their destinations as much as possible. Among the cargo loaded in the past four weeks, approximately 35% of ships still have no final destination shown, and the backlog of Russian crude oil on tankers that has not yet been delivered has increased. Among ships with unknown destinations, most appear to be heading towards the Suez Canal in Egypt, which means they are almost certainly...

Matter Labs CEO Alex Gluchowski stated that privacy tools are key to driving institutional adoption of blockchain. Institutions need to understand the transaction process while ensuring transaction privacy, a requirement referred to as "system-level privacy."

Turkish prosecutors have filed charges against Istanbul Mayor Imamoglu in a corruption case, demanding more than 2000 years in prison. This accusation could prevent Imamoglu from participating in the upcoming presidential election. The news triggered a sharp decline in the Turkish stock market, with the benchmark index falling significantly.

Odaily Planet Daily reports that the cryptocurrency trading protocol Lighter announced the completion of a $68 million financing round, led by Founders Fund and fintech investment firm Ribbit Capital, with participation from Haun Ventures and Robinhood. After this round of financing, Lighter's company valuation reached 15

Gate Instant Swap launched CC on November 11th and is hosting a one-week Instant Swap Airdrop event. Users who complete daily trades can share a reward of 200,000 CC. The event includes a welcome gift for new users, daily check-ins, and bonus challenges. Additionally, the platform supports over 2200 cryptocurrencies and offers zero-fee and fast trading services.

Nebius has signed a five-year AI infrastructure agreement with Meta, with expected annual revenue of $7 billion to $9 billion by 2026. The company's third-quarter sales increased by 300%, reaching $146 million, and cloud capacity is nearly sold out.

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.

Odaily Planet Daily reports that the Lido DAO community has initiated a liquidity repurchase proposal to introduce an automatic repurchase mechanism for LDO. This mechanism will deploy LDO/wstETH liquidity across the entire range in a Uniswap-v2 style LP position and will be managed on Aragon.

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%.

Huobi HTX Annual Peak Competition has begun, with a prize pool of one million USD. The event includes a points race, individual challenge, and team competition. The individual challenge will launch on November 11th. Participating in spot and contract trading can compete for a $200,000 prize.

BlockBeats News, November 11 — According to Defilama data, among the mainstream Perp DEXs in the last 24 hours, Lighter has experienced a significant surge in trading volume, now surpassing Aster to take the top spot. Aster's trading volume over the past 24 hours has been halved, dropping from $11.94 billion yesterday to $5.7 billion. The current trading volumes for some Perp DEXs are as follows: Lighter approximately $10.69 billion with a TVL of about $1.152 billion; Hyperliquid approximately $8.71 billion with a TVL of about $4.799 billion; EdgeX approximately $5.82 billion with a TVL of about $491 million; Aster approximately

BlockBeats News, November 11th, on social media, on-chain data analyst Murphy stated that the "Investor Confidence Index" launched by Glassnode has entered the "red signal," indicating a low point. This suggests that market sentiment has once again fallen to a trough after experiencing a peak, and it has been 7 months since the last time this signal disappeared. Murphy noted that based on two years of data from this cycle, there have been 3 instances where the index entered the red zone, followed by a weakening trend that lasted 1 to 2.5 months before turning stronger. Since August 29th, when this indicator shifted from the green "Optimistic Zone" to the yellow "Hesitation Zone," the index has remained in the yellow zone for an extended period, setting related records. After the first red signal appears, it is usually unlikely to reverse back to the green confidence zone within just a few days.

Gate News Bot message, November 11th, according to CoinMarketCap data, as of press time, XPL (Plasma) is trading at $0.28, down 11.74% in the past 24 hours, with a high of $0.35 and a low of $0.23. The current market cap is approximately $511 million, a decrease of nearly $67.99 million from yesterday. XPL is currently ranked 105th in the cryptocurrency market cap list. Recent important news about XPL: 1️⃣ **Daylight and Plasma Collaborate to Launch Yield-Generating Asset GRID** Decentralized energy network Daylight will launch the yield-generating asset GRID on Plasma for energy network construction financing. GRID is issued by M0 and is a fully collateralized stablecoin with instant redemption capability. Holders can mint sG

Gate News Bot message, November 11th, according to CoinMarketCap data, at the time of press, QKC (QuarkChain) is trading at $0.0054, up 5.76% in the past 24 hours, with a high of $0.0058 and a low of $0.0045. The 24-hour trading volume reached $7.47 million. The current market capitalization is approximately $38.5 million, an increase of $2.1 million from yesterday. Recent important news about QKC: 1️⃣ **Market sentiment improvement drives short-term gains** QKC has shown a clear upward trend in the past 24 hours, with a maximum increase of over 28%. This short-term strong performance reflects positive market expectations for the QuarkChain project, with investor confidence recovering. 2️⃣ **Trading volume has increased significantly** 24-hour trading volume reached

Jin10 Data, November 11: Dekel announced that in order to systematically advance the company's globalization strategy and deepen its overseas market presence, it plans to initiate an offshore share issuance (S-shares) and list on the Singapore Exchange. This move aims to further enhance the company's overseas financing capabilities, expand the international capital platform, and comprehensively improve its capital strength, global brand influence, and overall competitiveness, laying a solid foundation for sustainable high-quality development. Currently, the company is in discussions with relevant intermediary agencies regarding the specific steps for the S-share listing. The details of the S-share listing have not yet been finalized.

According to BlockBeats, Huang Licheng's 10x leveraged UNI long position opened this morning with a floating loss of $530,000, a position size of $2.9 million, and a liquidation price of $7.7. Meanwhile, his 25x leveraged ETH long position is currently floating with a profit of $570,000. However, the loss on the UNI long position has offset most of the profit, reducing the principal to $730,000.

Gate News Bot message, November 11th, according to CoinMarketCap data, at the time of press, ANKR (Ankr) is trading at $0.01, up 10.73% in the past 24 hours, with a high of $0.01 and a low of $0.01. The current market capitalization is approximately $109 million, an increase of about $10.6 million from yesterday. Recent important news about ANKR: 1️⃣ **Monthly RPC network requests surpass 1 trillion** Ankr's RPC network has exceeded 1 trillion requests per month across more than 80 chains, demonstrating its strong capabilities and market demand as a Web3 infrastructure provider. This milestone reflects Ankr's leading position in decentralized network access and is expected to boost its token value. 2️⃣ **Launch of AI-focused Layer

金色财经报道，Matrixport发布每日图表分析称，UNI历史上约每8个月出现一次阶段性催化，而即将推出的UNIfication机制和协议费开关若成功落地，将通过代币销毁与激励对齐，使协议活跃度更直接反映在UNI的市场表现上。虽然手续费分配细则尚未最终敲定，但方向已基本明确：以当前规模估算，Uniswap协议年化手续费接近30亿美元，即使仅部分启用，也将为UNI带来实质性利好。