ether

U.S. Democratic Senator Reid stated that Congress needs to assess whether Nvidia is "too big to fail" and what impact this may have on the banking system.

Aave posted on platform X that the loan exchange feature is now live on Aave Pro's Aave V4 Ethereum, Base, and Avalanche markets. Users can exchange loans from one asset to another without closing their positions, and this feature is supported by @CoWSwap.

Tether announced that KPMG U.S. has completed an independent audit of the financial statements of TG Commodities, the issuer of Tether Gold (XAU₮), as of December 31, 2025, and issued an unqualified opinion. The audit shows that XAU₮ is fully backed by physical gold. This is the second stablecoin under Tether to complete an audit by one of the Big Four accounting firms, following Tether International, the issuer of USDT, in August of this year.During the audit, KPMG conducted a physical count and verification of each gold bar backing XAU₮, rather than relying solely on confirmations from custodians. As of December 31, 2025, TG Commodities holds 520,089.350 ounces of pure gold, valued at $2.246 billion, corresponding to the issued 520,089.300 XAU₮.The gold is stored in Swiss vaults and meets the London Good Delivery standards, with ownership belonging to the token holders, where each token corresponds to an indivisible ownership of specific gold bars. The company also hires an independent third party to conduct quarterly sampling tests of the gold bars.CEO Paolo Ardoino stated that XAU₮ is expected to become the first true competitor in the gold ETF market, as gold can be settled instantly, with lower custody costs and higher transparency. CFO Simon McWilliams mentioned that auditing the largest and most complex USDT and XAU₮ is paving the way for a comprehensive audit of the entire company.

Tron, Tether, and Chainalysis announced the establishment of a joint initiative called the "Digital Crime Task Force," aimed at identifying and combating illegal activities utilizing USDT on the Tron blockchain. The three parties stated that the task force will collaborate with law enforcement agencies through intelligence gathering to shorten the interval from threat identification to enforcement action, accelerating the asset freezing process before criminals can transfer funds. Tron founder Justin Sun stated that millions rely on USDT on Tron to sustain their livelihoods and businesses, and as digital finance reaches more people, the ability to protect must also be enhanced accordingly.The establishment of the task force comes against the backdrop of rising threats from AI-driven scams and cyberattacks in the cryptocurrency industry. Chainalysis pointed out that by 2025, the profit efficiency of AI-enabled scams will be 4.5 times that of traditional methods, with identity impersonation scams increasing by over 1400% year-on-year. Tether CEO Paolo Ardoino stated that criminals are using AI to accelerate their actions, and waiting for victims to report is no longer sufficient; Tether has collaborated with over 360 law enforcement agencies in 73 countries to freeze over $7 billion related to illegal activities.The task force plans to cover threat types including investment and romance scams, hacking attacks, terrorist financing, and North Korea-related cyberattacks. This formation follows the dissolution of a previous alliance: in 2024, Tron, Tether, and TRM Labs established the "T3 Financial Crime Group," which, according to Bloomberg earlier this month, was disbanded due to slow response and lack of coordination among members. Earlier this week, the cross-chain interoperability protocol Across resumed operations after experiencing a domain hijacking, and blockchain infrastructure provider Chainstack also disclosed that it faced an AI-driven security breach last month, leaking customer names, emails, and password hashes.

According to Protos, the world's largest stablecoin issuer Tether has an exposure of approximately $4.804 billion to the U.S. stock market through 13 publicly listed companies in the United States. The holdings are highly concentrated in three major companies: Bitcoin treasury company Twenty One Capital (approximately $1.367 billion), video platform Rumble (approximately $1.328 billion), and agricultural conglomerate Adecoagro (approximately $966 million).The remaining holdings include: Elemental Royalty (approximately $342 million), Bitdeer (approximately $249 million), Gold.com (approximately $148 million), Versamet Royalties (approximately $128 million), Metalla Royalty (approximately $115 million), Gold Royalty (approximately $106 million), Satellogic (approximately $39.65 million), Stablecoin Development Corp (approximately $4.9 million), Aurelion (approximately $4.4 million), and Antalpha Platform (approximately $3.1 million). Protos points out that Tether is leveraging its funds to make extensive investments across multiple industries and has dispatched its executives to relevant companies to hold positions.

According to Onchain Lens monitoring, a certain whale withdrew 2,000 ETH from Binance 29 minutes ago, worth approximately 4.08 million dollars; subsequently, it deposited 32 ETH into the Ethereum Beacon Chain staking contract, worth approximately 65,300 dollars.

According to RootData, yesterday (Eastern Time November 11), the total net outflow of Ethereum spot ETFs was $145 million.The Ethereum spot ETF with the highest net outflow for the day was BlackRock ETF ETHA, with a net outflow of $130 million. As of that trading day, ETHA had a historical cumulative net inflow of $11.293 billion.Following that was BlackRock ETF ETHB, with a net outflow of $5.3 million for the day. As of that trading day, ETHB had a historical cumulative net inflow of $714 million.

Ethereum developer Marchhill submitted the draft EIP-8437, proposing to propagate proof wrapper data through the eth/73 protocol and introducing an optional mode that allows transactions to submit raw signatures to the aggregator without pre-generating STARK proofs.This proposal supports the direct propagation of certified packages with transactions and performs independent checks of specified programs in resource-constrained sandboxes to verify witness data. The new program does not require the development of native adapters for each signature scheme separately. Additionally, the proposal plans to limit the batch queue size, clean up expired transactions, and recheck records before formally generating proofs to support failure retries.Currently, the proposal is still in the Draft stage and has not yet been merged. The developer pointed out that VM and key binding consistency verification, cryptographic verification, and performance testing are still incomplete, and benchmarking has not yet been conducted.

Ethlabs published an article on the Ethereum developer community forum, proposing to set 2027 as the target year for Ethereum to achieve post-quantum and post-AI capabilities, referring to this plan as "pqai27." The proposal argues that with the rapid enhancement of AI capabilities, the accelerated development of quantum computing, and the increased ability of AI models to discover software vulnerabilities on a large scale, Ethereum should prioritize strengthening the security of its underlying protocol to prepare for potential future cryptographic risks and cyberattacks.Ethlabs pointed out that the U.S. government has advanced its target date for addressing quantum risks from 2035 to 2030, while Google plans to achieve post-quantum capabilities by 2029. At the same time, AI is solving a large number of long-standing mathematical problems and can also discover software vulnerabilities on a large scale. Ethlabs believes that although there is currently no evidence that existing cryptographic primitives will definitely be broken by AI, the associated risks are difficult to predict accurately, making it necessary to advance security upgrades proactively.In terms of the technical roadmap, Ethlabs divides the goals into two phases: the first is "pqai-ready," which means the Ethereum consensus layer will achieve a post-quantum upgrade, allowing all users to have a path to migrate to post-quantum accounts; if existing cryptography fails prematurely, the network can still operate with reduced processing capacity. The second is "pqai-scaled," which means supporting post-quantum transactions and data availability under full network capacity, aiming for post-quantum transactions to reach the processing scale of ordinary transactions, including post-quantum signature aggregation and post-quantum data availability solutions.To achieve this goal, Ethlabs suggests reassessing the scope of the upcoming hard fork Hegotá, reconsidering upgrades that do not belong to the critical path of pqai27. Among them, Frames and related post-quantum account proposals are still regarded as key components; FOCIL needs to be reassessed for its impact on upgrade progress and post-quantum compatibility. Additionally, Ethereum needs to choose between the post-quantum transformation of the existing Gasper consensus protocol and transitioning to a decoupled consensus. Ethlabs stated that to concentrate resources on advancing pqai27, it will withdraw the Quick Slots feature previously sought for Hegotá and plans to continue promoting this feature in 2028. The Glamsterdam upgrade and its scaling plan will proceed as originally scheduled. This roadmap remains a suggestion proposed by Ethlabs and will require further discussion and determination by Ethereum core developers.

Ethereum project Golem Foundation executive Julian Zawistowski published an article reviewing the 10th anniversary of the project's launch. He stated that on November 11, 2016, the Golem project launched its token sale, raising approximately 820,000 ETH in less than 30 minutes and minting 1 billion tokens, initially named GNT, now renamed GLM.Zawistowski revealed that since 2023, the Golem Foundation has staked 100,000 ETH and distributed the staking rewards to GLM holders participating through Octant, while also supporting the construction of public goods on Ethereum. Its long-term goal is to secure this fund reserve, benefiting GLM holders and the broader Ethereum ecosystem.

According to the official website of Discount Bank, the bank will allow individual customers to buy, hold, and sell Bitcoin and Ethereum directly in the bank's app starting from November 26, without the need to open a separate digital wallet or overseas exchange account. This is the first time in the Israeli banking industry.The service is only available to Israeli residents who have opened a securities account and are at least 18 years old. The transaction fee is 2% of the transaction amount, and there will be no custody fees for the first six months after the launch, followed by a quarterly fee of 0.25%. The assets are custodied by Fireblocks.

According to Tether's official announcement, Tether AI Research has released the open-weight model QVAC BotPsy, which has 800 million parameters and is based on the Alibaba Qwen3.5 architecture, aimed at tool invocation and agent tasks on personal devices.Tether stated that in four evaluations: BFCL v4, ACEBench, τ-bench, and ToolSandbox, BotPsy's scores are approximately twice that of its base model and surpass the 2 billion parameter Qwen3.5-2B-Think. The model can convert user requests into local tool calls, and developers can adapt and deploy its weights within their own systems.

According to RootData, yesterday (Eastern Time November 10), the total net outflow of Ethereum spot ETFs was $1.3 million.The Ethereum spot ETF with the highest single-day net outflow was Grayscale Ethereum Trust ETF ETH, with a net outflow of $2 million.Following that was 21Shares ETF TETH, with a net outflow of $400,000.

According to Scam Sniffer monitoring, someone lost $303,000 worth of aEthWETH after signing a phishing signature on Ethereum.

Cryptocurrency analyst Tom Wan posted on the X platform that the market share of Ethereum stablecoins has dropped to 46%, a historic low. Over the past year, the supply of stablecoins on the Ethereum chain has decreased by $32.5 billion, while the total supply of stablecoins in the entire market has only decreased by about $10 billion.During the same period, the supply of Tron stablecoins increased by $16.2 billion, raising its market share to 32%; Hyperliquid and Solana increased by $1.6 billion each. Additionally, the newly launched blockchains this year, including Arc, X Layer, Robinhood Chain, Tempo, and Monad, collectively added about $5.2 billion in stablecoin supply.

Aave Labs released a technical assessment on the governance forum, stating that the wrapped Bitcoin cirBTC issued by Circle meets the technical conditions for launching on the Aave Ethereum market. cirBTC is issued by Circle with a target of a 1:1 Bitcoin reserve, and at the time of assessment, its supply on the Ethereum mainnet was approximately 910.15 coins, valued at about 70.12 million USD.Aave Labs pointed out that the contract upgrades, transfer pauses, and address freezes for cirBTC are controlled by a single key, and no on-chain time lock has been set. The audit report for the cross-chain token service (CCTS) framework that allows the minting of cirBTC on Ethereum has not yet been provided. Additionally, the reserve proof data source has reported multiple times that the reserves are below the supply, and the specific reasons cannot be determined from on-chain data.

According to The Defiant, the decentralized yield trading protocol Pendle has launched four fixed-term markets for USDe on Ethereum, with an initial quoted annual yield range of 5.24% to 6%.Data shows that the liquidity of each of the aforementioned pools is approximately $10,000. USDe is a synthetic dollar stablecoin issued by Ethena Labs, while Pendle focuses on yield tokenization and fixed-rate trading.

The non-profit research organization Ethlabs stated that the EIP-8037 and EIP-8038 in the Ethereum Glamsterdam upgrade involve adjustments to Gas costs and billing mechanisms, which may affect some already deployed smart contracts. Ethlabs recommends postponing modifications to the upgrade specifications or determining the fork date for the Hoodi testnet until the results of external audits are published and the relevant impacts are clarified. The final decision will be made by the Ethereum Core Developers Meeting (ACD).The two external audits commissioned by the Ethereum Foundation from ChainSecurity and Dedaub are expected to be published before November 16. On the same day, a public Q&A will be held during the ACD testing meeting. The ACD executive meeting on November 19 is expected to discuss the audit results and may decide whether to modify the upgrade specifications.Glamsterdam aims to increase the Ethereum Gas limit per block from 60 million to 200 million. Ethlabs pointed out that adjustments to Gas costs may affect contracts and tools with hardcoded operational costs, and changes in the billing mechanism may also cause some deployed contracts to exhibit unexpected behavior. For example, after an internal call rollback, the remaining Gas returned by gasleft() may actually increase, affecting the contract's judgment on whether the call failed due to Gas exhaustion.