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According to the Russian newspaper "Kommersant," Russia's PSB Bank has applied to the court to declare Igor Runets, the founder of the large cryptocurrency mining company BitRiver, personally bankrupt, seeking to recover approximately 773 million rubles.PSB stated that Runets had guaranteed loans for BitRiver's subsidiary BitRiver-B, and since the borrower failed to repay the debt on time, Runets must bear joint liability. In February of this year, Runets was placed under house arrest by the court for allegedly concealing funds or assets that could be used to recover unpaid taxes. Currently, some companies under the BitRiver group have also entered bankruptcy observation procedures.

On the morning of November 12, the computing power chip concept stock Suiruan Technology (688801) expanded its gains to 18%, with the stock price reaching a new high since its listing, and a total market value exceeding 250 billion yuan, accumulating a rise of over 80% in the last 7 trading days.As of the time of writing, Suiruan Technology's increase is 17.82%, priced at 582.01 yuan, with an intraday high of 588.00 yuan, a transaction amount of 1.16 billion yuan, and a turnover rate of 12.35%. Public information shows that Suiruan Technology is a leading enterprise in domestic cloud AI chips.

The official announcement from Sui reminds that support for the Suiet wallet will end after November 14, and urges users to immediately back up the mnemonic phrases or private keys for each account, and never share them with anyone. The official statement indicates that user assets will still remain on the Sui chain, and users can continue to use their accounts by importing them into other Sui wallets.The Suiet team previously announced that they would stop the development and maintenance of this wallet, and the API service will be maintained until November 14, 2026, to allow users to complete the migration. Suiet is a self-custody wallet, and its shutdown will not transfer or delete on-chain assets, but after the API goes offline, the wallet may not reliably display balances, send transactions, or connect to applications.Suiet does not have a mobile application, and its Chrome Web Store extension will also be removed soon. The team reminds users to confirm that they have restored the same address in the new wallet and can access their assets before uninstalling or clearing Suiet data, while also verifying the corresponding staking positions and assets stored in the application.

NVIDIA shareholders are filing a securities class action lawsuit against NVIDIA and its founder Jensen Huang, accusing them of misconduct that misled a large number of investors. This case stems from Jensen Huang's recent admission of an extramarital affair on the company's website. U.S. President Donald Trump continues to support Jensen Huang. On November 9, local time, Trump publicly backed Huang at a White House press conference, stating, "I believe him (Jensen Huang)."In response, the attorney for the securities class action lawsuit, Laurence Rosen, stated that Trump's claim that Huang was unaware and NVIDIA's board's assertion that national security was not compromised, even if true, cannot determine the outcome of the case.The issue in this lawsuit is whether the statements made on October 9, 2025, were misleading, and existing facts support this conclusion. Currently, the lawsuit is only against NVIDIA and Jensen Huang. Rosen indicated that it has not yet been determined whether other defendants, including members of the NVIDIA board, will be added.

The Sui native hardware wallet project Suiball announced the termination of operations on platform X and will refund all pre-order users. Suiball stated that due to recent security incidents involving hardware wallets in the industry, the Sui Foundation believes the risks of continuing to support the hardware wallet project are too high.Suiball indicated that its hardware products have completed development and entered the production phase, with plans to ship to the first batch of supporters. Approximately 80% of on-chain pre-order orders will automatically receive USDC refunds within the next week, with funds sent to the wallets holding the pre-order NFTs.Credit card pre-order users need to provide their Sui wallet address via official email to receive the USDC refund. The project team stated that after the refunds are completed, they will permanently delete the personal information provided by users and officially close Suiball.

According to Jinshi reports, Moon Pursuit Capital founder and managing partner Utkarsh Ahuja stated that persistently high inflation may limit the Federal Reserve's ability to provide monetary policy support, even as technology stocks weaken. He pointed out that recent comments from San Francisco Fed President Mary Daly regarding the possibility of further interest rate hikes in the future remind investors not to take for granted that the Federal Reserve will step in to support the market soon.Ahuja mentioned that for capital-intensive AI projects, even if market demand meets expectations, higher financing costs and longer approval cycles may reduce project returns. He also added that for companies with existing projects that have not yet generated cash flow but need to raise new funds, they face not only project execution risks but also uncertainties regarding future financing conditions.

A federal judge in California, Alex Tse, ruled that the subscription marketing lawsuit against Anthropic's Claude Max can proceed. The judge allowed claims under California's consumer law for deceptive advertising, negligent misrepresentation, and breach of contract to continue, while dismissing other claims, including those related to the state's unfair competition law, and permitted the plaintiffs to submit an amended complaint.The proposed class action was filed in September by two Claude Max subscribers. The plaintiffs claim that the Max plans, priced at $100 and $200 per month, were advertised as providing 5 times or 20 times the usage of the Pro plan, but the weekly usage limits did not reach those multiples. Anthropic stated that the relevant multiples refer to the usage per 5-hour session and cited information disclosed on the website. Tse found that these disclosures were too far removed from the main sales page to warrant dismissal of the case at this stage.

The Canadian government has announced a budget bill that will prohibit federally regulated financial institutions from directly issuing cryptocurrencies and require stablecoins to be issued only through independent non-financial subsidiaries regulated by stablecoin laws.According to the budget bill announced on November 5 local time, the issued cryptocurrencies must include reserve safeguards such as redeemability at face value and asset segregation, while not being included in public deposit insurance and government guarantee programs. The Bank of Canada will be responsible for the registration of issuers and the supervision and enforcement of regulatory compliance. Meanwhile, the regulatory framework for stablecoins is expected to take effect next fall.

On Friday, the Paris Criminal Court sentenced a Ukrainian man to 5 years in prison, including 2 years of actual imprisonment and 3 years of probation. The man was accused of illegally generating and stealing 1 billion Holograph (HLG) tokens, valued at approximately 14 million dollars at the time of the incident, by exploiting a security loophole in the company he previously worked for between May and August 2024.The court found that the man illegally issued 1 billion HLG tokens by tampering with the token generation conditions on the platform and transferred the tokens to a personal wallet. He then, along with two accomplices, dispersed the funds to multiple cryptocurrency exchange platform accounts. His two accomplices were sentenced to 2 years in prison (with 14 months probation) and fined 80,000 euros, as well as 2 years of probationary imprisonment and fined 40,000 euros.In addition, the court rejected the Holograph Foundation's request for compensation for the losses due to the token price crash, stating that the price of HLG had already fluctuated and dropped significantly before the incident, making it impossible to establish a direct causal relationship between the subsequent depreciation and the fraudulent act. After the incident, the price of HLG fell from nearly 0.03 dollars in May 2024 to 0.001 dollars by the end of December of the same year.

According to Crypto Briefing, Utkarsh Ahuja, founder and managing partner of Moon Pursuit Capital, stated that the rebound of Bitcoin after the U.S. midterm elections remains a fragile relief rally rather than a confirmed recovery. He pointed out that the rise on Wednesday reflects relief buying and short covering after the elections eliminated some political uncertainty, but selling pressure returned on Thursday, quickly reversing the recovery. Bitcoin briefly reclaimed $80,000 on Wednesday, then fell to around $75,000 on Thursday.Ahuja believes that the market may have digested part of the probability of a Democratic victory, and continued weakness in November would not be surprising. He maintains a constructive outlook for the long-term, suggesting that if liquidity improves and institutional demand continues to return, Bitcoin could rise to the range of $120,000 to $150,000 by the end of 2027. He stated that to confirm a sustained recovery, it is necessary to observe spot buying, inflows into Bitcoin ETFs, and whether Bitcoin can reclaim lost ground and hold during pullbacks. He also mentioned that Democratic control of Congress could delay or reshape legislation such as the Clarity Act, but global liquidity, interest rates, and institutional demand are more important for Bitcoin's long-term trend.

According to the official announcement, Samsung Wallet will integrate the Sui network and is expected to officially launch the USDC wallet feature in November 2026, initially available to eligible Galaxy users in the United States, potentially covering about 82 million compatible devices.This integration will combine Sui's gas-free stablecoin transfer capability, allowing users to complete USDC transfers through Samsung Wallet without the need to install an additional crypto wallet or hold SUI, and will expand the cross-border transfer and daily payment scenarios for Sui stablecoins.

According to Digital Asset, the Civil Division 63 of the Seoul Central District Court in South Korea dismissed all lawsuits filed by Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, against its competitor, the second-largest cryptocurrency exchange Bithumb, and ordered Dunamu to bear all litigation costs.Previously, Dunamu accused Bithumb of copying its API documentation and sought compensation of approximately 200 million Korean won (about 140,000 USD).

DCS Group's card and payment infrastructure platform DCS DeCard has become a Mastercard issuing institution in Hong Kong. At the same time, DCS DeCard launched the corporate card and expense management solution DeCard Business Account to help companies manage and control their expenditures.The DeCard Business Account supports medium and large enterprises in issuing Mastercard corporate cards through a single platform and centrally managing business expenses. The solution covers employee and operational expenses, assisting companies in managing costs, bills, invoices, and statements, applicable to scenarios such as business travel, employee expenses, advertising, media procurement, and corporate procurement. Initially, corporate cards will be offered in US dollars and funded in US dollars. DCS DeCard plans to gradually expand the DeCard Business Account to other markets and introduce new features, including fund account management.

According to The Defiant, Stripe's Global Payouts now supports eligible U.S. businesses to issue USDC and OUSD stablecoins to external crypto wallets in over 160 markets. Currently in public preview, funds are disbursed from the Stripe Treasury balance, with a fee of 0.5% plus $0.50 per transaction.Stripe's official documentation indicates that this payment method typically arrives within minutes, and businesses in New York State must apply separately for early access.

According to a case published by the People's Court of Fusui County, Guangxi, in 2020, a couple in their seventies, referred by an acquaintance, participated in an overseas virtual currency mining machine financial management project, initially investing 4,200 yuan and successfully recovering the principal, followed by additional investments of over 60,000 yuan.In December 2020, the involved platform was shut down, and the funds could not be withdrawn. In early 2026, the couple sued the investment introducer and the actual operator, demanding the return of all investment funds and interest.The court found that the virtual currency investment behavior involved violated relevant financial regulatory provisions and contravened public order and good morals, rendering the entrusted financial management contract invalid. The investment losses primarily stemmed from the illegality of virtual currency trading itself and platform risks, rather than being directly caused by the actions of the trustee. Based on this, the court dismissed the plaintiff's lawsuit, and the second instance upheld the original judgment, which has now taken effect.

According to The Defiant, a group supported by Cboe has filed a lawsuit regarding the approval of individual stock perpetual contracts by the Commodity Futures Trading Commission (CFTC) and is seeking emergency relief to prevent the relevant contracts from being listed as securities futures.The lawsuit names Coinbase, Kalshi, and Bitnomial as defendants. Kalshi is a prediction market platform regulated by the CFTC, while Bitnomial operates a cryptocurrency derivatives trading business. The plaintiffs hope to intervene with emergency relief before the relevant contracts are officially listed.

Sun Yuchen posted on platform X that his lawyer has applied for sanctions against World Liberty Financial (WLFI) because the company disclosed the UAE citizenship of its shareholders months after he filed the lawsuit.Sun Yuchen stated that he signed a token purchase agreement to buy $30 million of WLFI in November 2024, later increasing the total investment to $45 million, and filed a lawsuit against WLFI in April this year, accusing it of fraudulently inducing investment and illegally freezing his tokens. According to his token purchase agreement, the case can be filed in federal or state court in California, and he chose federal court.Sun Yuchen claimed that the disclosure documents submitted by WLFI at the beginning of the case only listed one entity of WLFI, registered in Florida, and then filed a motion for mandatory arbitration; during the August hearing, the court hinted that it did not recognize the arbitration claim and ruled that some demands would remain for public trial. Less than a week later, WLFI suddenly "corrected" the disclosure documents, increasing the number of members in the ownership chain from 1 to 22, and claimed to have citizenship in Florida, Delaware, Puerto Rico, and the UAE, thereby arguing that the federal court has no jurisdiction because both parties have foreign entities.Sun Yuchen pointed out that WLFI claims it "is not an offshore organization," is "a company that pays taxes in the United States," and "when selling tokens, it poses as a U.S. company, only to discover its UAE identity when trying to escape the U.S. federal court." He stated that after the sanctions motion is ruled on in federal court, he will refile the lawsuit in California state court.

Coinbase's legal personnel stated that New Jersey has withdrawn the staking lawsuit against the company and lifted the injunction. The company's CEO indicated that local users will soon be able to participate in staking again.

Meta Platforms (META.O) held a conference call to discuss the issuance of U.S. dollar and euro bonds in batches.