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A proposal by the U.S. Department of Labor to allow 401(k) retirement plans to allocate alternative assets such as cryptocurrencies has been submitted to the White House Office of Information and Regulatory Affairs for final review on Thursday. The proposal aims to simplify the process for retirement plans to offer alternative investments and provide certain legal protections for employers and plan administrators. The version released by the Department of Labor in March did not specify which digital assets could be included, nor did it set a minimum market capitalization threshold, but it requires administrators to assess six factors: performance, fees, liquidity, valuation, benchmarks, and complexity.Teresa Goody Guillén, managing partner of Bellementis PLLC, stated that Bitcoin and Ethereum may be adopted first due to their mature markets and investment products, but altcoins will not be automatically excluded; plan administrators must demonstrate that their investment choices meet standards of prudence, liquidity, valuation, and investor protection. Bernardo Brites, co-founder and CEO of Trace Finance, noted that some smaller tokens may struggle to meet historical performance and benchmark requirements. The proposal does not limit crypto investments to ETFs or managed funds, but Guillén expects such products may emerge before direct holdings.

IT Home reported on November 12 that the Japanese government is considering requiring AI companies to fulfill security obligations and introducing new penalties to address the risks of uncontrolled advanced AI. The Japanese government plans to announce a comprehensive reform plan by the end of this year, with relevant content confirmed in a closed working group meeting discussing AI legal systems. This move aims to address significant threats such as AI cyberattacks and loss of control, ensuring that the government can take action against malicious companies that refuse to negotiate.Currently, the business division of AI companies is becoming increasingly detailed, including various aspects such as basic research, foundational model development, and user services. The Japanese government will further discuss the scope of regulatory targets. If American AI large model companies are included in the regulation, how to effectively protect the rights and interests of Japanese users will also become a problem that needs to be addressed. For companies that refuse to cooperate in negotiations after issues arise, the Japanese government plans to issue enforcement orders when necessary and consider imposing penalties on companies that defy these orders. These measures are expected to primarily target incidents of uncontrolled advanced AI and attacks.

According to on-chain analyst Yu Jin's monitoring, Arthur Hayes transferred a total of 3 million USDC to the OTC trading platforms Flowdesk and Galaxy Digital about 10 minutes ago.Half a month ago, Hayes had liquidated various altcoins worth at least 49.25 million dollars and stated that he planned to wait for further price declines before buying again. Since then, the prices of the tokens he previously sold have dropped by about 15% to 30%. This recent transfer of USDC has sparked market speculation about his possible preparations to buy back in, but the specific use of the funds and buying plans have not yet been confirmed.

According to Catcher Predict monitoring, in the market prediction event "Celtics vs. Raptors" on Polymarket, the "Yes" option for the sub-market "Ja'Kobe Walter: Points O/U 9.5" has experienced a sharp fluctuation in winning probability, soaring from 42% an hour ago to the current 69% (a fluctuation of 27%). Please note the impact of related breaking news.

According to Cointelegraph, Paraguay's digital bank Ueno was taken over by the central bank on November 3, leaving nearly 3 million customers (about 60% of the country's adults) unable to access their accounts.The central bank stated that its solvency ratio fell below half of the statutory minimum requirement, with investigations revealing suspicious loan operations and accounting deficiencies in credit documents. The incident triggered a political crisis, with thousands taking to the streets to protest, and President Santiago Peña attempted to resign before being impeached, later arrested on charges of breach of trust and abuse of power for personal gain.The local P2P crypto market immediately reflected the turmoil, with some sellers marking up USDt by as much as 13%; the local currency, Guarani, fell 12.3% within a week, leading some citizens to turn to stablecoins for value preservation or to maintain payments.David Eisenmann, founder of the Paraguayan crypto exchange X4T, stated that the takeover occurred just as salaries, rents, and vendor invoices were due at the beginning of the month, leaving many business owners unable to pay wages. As of November 9, the central bank reported that 93.1% of Ueno's deposit customers had been compensated.

According to the Bitcoin Core security announcement, the medium-severity vulnerability CVE-2025-62859 was disclosed on November 10, 2026. This vulnerability exists in versions prior to 29.2 and 30, where malicious nodes can exploit witness malleation in compact blocks to stall the block processing of victims under specific conditions.The announcement states that affected nodes will clear the download status after rebuilding the compact block and before checking the witness data. If the check fails, the node will revert to requesting the full block from the same node and wait for a 10-minute timeout. If the attacker controls three high-bandwidth peer nodes of the victim, or if the victim is running in -blockonly mode, this attack can be repeated indefinitely.This vulnerability was discovered and responsibly disclosed by Eugene Siegel, and the fix has been included in Bitcoin Core versions 29.2 and 30.

According to Oura's announcement, the smart ring manufacturer Oura has signed a final agreement with the AI-native primary care company Counsel Health to acquire the latter for $625 million in cash, with the final price subject to adjustments based on the acquisition price. The transaction is expected to be completed by the end of this year.After the acquisition is completed, Oura users will be able to directly converse with Counsel's medical AI within the app to receive personalized advice, and can be connected to licensed doctors within minutes if needed. Oura stated that the company achieved a record growth of 153% this quarter, with membership exceeding 6 million.

According to a report by Business Wire, the U.S. brokerage infrastructure provider DriveWealth announced that its European affiliate UAB DriveWealth Europe has been authorized by the Bank of Lithuania to become a crypto asset service provider under the EU's Markets in Crypto-Assets Regulation (MiCA). DriveWealth plans to gradually open related services to partners starting in 2027, with specific launch dates to be announced later.UAB DriveWealth Europe previously held a MiFID II license issued by the Bank of Lithuania. After the launch of crypto asset services, banks, fintech companies, digital wallets, and brokerages can access crypto asset services along with existing investment services such as U.S. stocks, ETFs, fixed income products, and options through the same interface.DriveWealth also announced a partnership with Ripple, planning to introduce RLUSD stablecoin settlement, cross-border payments, and digital asset custody in Europe first.

According to Fortune magazine, Layer 1 blockchain development company Alta, aimed at banks and large financial institutions, announced on Tuesday the completion of a $47.5 million Series A funding round, but did not disclose the company's valuation. This round was led by Index Ventures, with participation from GV (Google Ventures), Blackbird Ventures, Square Peg, and Capital49.Previously, the company had completed a $32.5 million seed funding round, primarily supported by Australian fintech giant Airwallex. Airwallex is currently competing in the global payments market with companies like Stripe.Alta's CEO Loong Wang previously founded a cryptocurrency startup, which he sold in 2021, and then turned to a second startup that uses quantum computing technology to assist in drug development. After that, Wang returned to the cryptocurrency field and co-founded Alta with former Meta executive Catherine Porter. The company was recently renamed from its original name Metal. Porter was involved in Meta's later abandoned cryptocurrency business.In an interview, Wang stated that despite the presence of many so-called Layer 1 blockchains in the market, he still decided to develop a new blockchain because he believes it is the best technology for transferring funds. He also pointed out that existing blockchains do not provide a complete set of privacy protection and compliance tools specifically designed for banks and other large financial institutions.

The crypto platform Walt announced the launch of an independent application, expanding its business beyond Telegram after operating as Wallet in Telegram for nearly five years. Walt was renamed from Wallet in Telegram on September 28, stating that the product has exceeded the initial wallet functionality. The new application provides users with an independent entry for trading and investing, while the original Telegram product can still be accessed using the same account. Existing users can log in with their Telegram accounts, and new users can register via Telegram, Google, or Apple.According to its official website, Walt offers over 200 cryptocurrencies, more than 100 tokenized U.S. stocks and ETFs, as well as perpetual contracts linked to cryptocurrencies, metals, and energy, and provides yield products on assets such as stablecoins, Gram, Solana, Ethereum, and Tron. Walt users can transfer cryptocurrencies to other Telegram users for free; on-chain transfers to external wallets require payment of standard blockchain network fees and service charges, for example, sending any amount of USDT on the TON network requires a fee of 1 USDT.Walt CEO Andrew Rogozov stated that Walt initially started as a simple bot for purchasing cryptocurrencies, but has now evolved into a complete investment platform used by tens of millions, having previously built crypto products within Telegram and now opening up to everyone. Prior to the release of this independent application, Walt launched AI-assisted perpetual contract trading through Mira, ChatGPT, and Claude on October 20, which can read real-time perpetual contract prices, analyze positions and risk exposure, and open and close positions. Order execution is set to default to closed, and the agents cannot withdraw or transfer funds.

Altimeter Capital Management is raising a series of new funds for its private market investment business. The company plans to establish a $2.5 billion venture capital fund to invest in late-stage, pre-IPO companies and is discussing raising approximately $800-900 million for a new venture fund to invest in a more diversified range of young startups.

On-chain data analysis platform Glassnode stated on platform X that the trading volume of altcoins has returned to normal levels. Throughout September, the total trading volume of altcoins had risen to four times that of Bitcoin, marking a period of active altcoin trading.Glassnode pointed out that this speculative altcoin activity often coincides with local market tops, when Bitcoin peaked around 87,000 USD.

According to Bloomberg, protests against the expansion of data centers continued in multiple locations across Europe on November 7. RTE reported that around 2,000 people participated in a march in Dublin; YLE stated that about 1,300 people gathered in Helsinki, with protests also occurring in several small towns in Finland. Demonstrators in Helsinki marched to Google's office and the location of the parliament. The Stop Dirty Data Centres alliance, composed of local democracy and climate action groups, stated that the action aims to prevent the unchecked expansion of AI data centers.Groups from Scotland, Spain, France, and Denmark participated in the action, calling for a halt to construction until the public can determine through democratic processes how related projects should serve society and the environment. Previously on Friday, hundreds of protesters clashed with police at a Microsoft data center in Amsterdam, resulting in one arrest. As technology companies invest hundreds of billions of dollars in building AI infrastructure, community residents' concerns about land and electricity demands, rising energy costs, and whether the local area can gain economic benefits have intensified. Ireland has become one of Europe's major data center hubs, with official statistics showing that data centers will account for 23% of the country's total electricity consumption by 2025.Finland is also facing large-scale construction. Google announced in September an investment of 13 billion euros, approximately 14.5 billion dollars, to expand existing data centers and build two new facilities, marking its largest investment in Europe to date. According to the Finnish Industrial Federation, data center projects in various stages of planning and construction in Finland are valued at around 80 billion euros. Reports indicate that representatives from Google cleared forest land, stripped topsoil, and built roads before the environmental impact assessment for one project was completed, causing dissatisfaction among local residents. The company responsible for the construction of the project is facing a criminal investigation, and the Finnish government is also advancing legislation to constrain AI expansion. The opposition in Europe echoes recent situations in the United States, where the expansion of data centers has become a significant issue in this week's midterm elections, with some state voters electing local officials who promised to stop or pause related construction.

According to Axios, White House Deputy Chief of Staff Richard Walters will leave the Trump administration. He is the first senior official to depart in a round of personnel adjustments expected as new White House Chief of Staff Stephen Miller prepares to take over the staff team. As a close confidant of outgoing White House Chief of Staff Susie Wiles, Walters' departure signifies that the power transition within the West Wing is underway.As Miller's team prepares to take on more significant roles, the internal personnel landscape of the White House will also change. Walters is one of Wiles' closest political aides, and their collaborative relationship has lasted over a decade. Sources indicate that Walters submitted his resignation on Friday, and after friendly negotiations between the two parties, it was decided that he would leave.

Tom Robinson, co-founder and chief scientist of Elliptic, stated that the Binance hacker has exchanged approximately $175 million worth of stolen altcoins for about 2,300 bitcoins. The related funds were transferred through 16 blockchains, over 20,000 wallets, and at least 65,000 transactions; approximately 88 bitcoins were mixed using Wasabi Wallet.Robinson noted that the bitcoins and ethers primarily held by the hacker remain untouched. Data from Arkham Intelligence shows that as of 10 AM Eastern Time on November 7, the hacker-associated address holds 18,384.725 bitcoins, but does not show the addition of approximately 2,300 bitcoins.

CryptoQuant analyst Darkfost pointed out that the market capitalization of altcoins has shrunk by about 200 billion dollars, with about 70% of altcoins on Binance falling below the 200-day moving average. From mid-August to the end of September, the market capitalization of altcoins, excluding Bitcoin and stablecoins, had increased by 320 billion dollars, but the subsequent pullback erased most of the gains.Darkfost stated that in mid-August, 82% of altcoins on Binance were below the 200-day moving average, and by early October, this proportion had dropped to 10%, with nearly 90% above that average. Following this, the macro and political environment deteriorated, with central banks in the US, Europe, and the UK raising interest rates, and the results of the midterm elections increasing uncertainty. The stock market, especially technology stocks, saw a significant decline, with the Nasdaq falling 14% from recent highs.As a result, the market capitalization of altcoins has shrunk by about 200 billion dollars, erasing nearly two-thirds of the gains from August to September. Currently, about 70% of altcoins on Binance have fallen below the 200-day moving average, and this proportion is approaching 80% again. Darkfost indicated that historically, such extreme situations sometimes signal a trend reversal.

The proposed rule allowing alternative assets such as cryptocurrencies to enter 401(k) retirement plans has been submitted to the White House for final review on November 5. The proposal does not limit the types of cryptocurrencies that can be included, nor does it set a minimum market capitalization threshold, meaning that altcoins and small to mid-cap tokens may also have the opportunity to enter U.S. retirement investment plans in the future.However, industry insiders point out that asset management firms still need to comprehensively assess performance, fees, liquidity, valuation, benchmark indicators, and investment complexity when selecting investment targets. Bitcoin and Ethereum, with their mature markets and investment products, are expected to gain access first, while small to mid-cap tokens may face higher barriers due to insufficient historical data, limited liquidity, and lack of reliable valuation benchmarks.In addition, experts expect that cryptocurrency ETFs and managed funds will enter 401(k) plans before direct holding products, as the former are easier to adapt to existing custody and account management systems. The industry anticipates that some cryptocurrency investment options may begin to be implemented in 2027, with further expansion of coverage expected around 2028.The proposal still needs to complete the White House review and subsequent legislative processes, and it will not completely exempt retirement plan managers from fiduciary responsibilities and litigation risks.

As the global tech stock sell-off spreads to Asia, the wealth of SoftBank Group founder Masayoshi Son and several Asian business tycoons has significantly shrunk. According to calculations, as of 10 AM Beijing time, the combined wealth of 22 billionaires from countries such as China, Japan, and South Korea, who are among the world's 500 richest people, had decreased by more than $21 billion at one point, and later fell to over $18 billion.Masayoshi Son is the one who suffered the largest loss, with his personal wealth decreasing by $3.9 billion, bringing it down to about $29 billion. The companies at the core of the AI boom were hit the hardest. Billionaires whose personal wealth shrank by at least $1 billion include Takizaki Takemitsu, founder of electronic sensor manufacturer Keyence, and Zhang Qiansheng, the richest person in Singapore and head of semiconductor packaging and testing company ASE Technology Holding. Lee Jae-Yong, a shareholder of Samsung Electronics, along with his mother and sister, saw their family's wealth decrease by about $2.5 billion; this family is one of the richest in Asia.

According to market news, Palo Alto Networks is negotiating to acquire the AI agent security startup Clutch for $500 million in cash and additional milestone payments.