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According to Gate market data, NVIDIA (NVDA.O) fell by 14%, with a market value dropping below $4 trillion for the first time since July 2025.

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.

According to Lookonchain monitoring, a new wallet holds 213,036 SOXL long positions with 10x leverage, valued at approximately 13.12 million USD, with a liquidation price of 60.7 USD.

According to Lookonchain monitoring, Wang Chun (@satofishi, 0xF42...2b51) has repurchased 5,246 ETH at an average price of $2,054 over the past 2 days, worth $10.78 million.A week ago, Chun sold 6,200 wstETH when the ETH price was $2,400, worth $18.5 million.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0x3ff54f...f705 currently holds a BTC short position of 889.386 coins, with a nominal value of 65.4623 million USD.At the time of publication, BTC is quoted at 73,604 USD.

Zcash holders and community representatives will vote from November 16 to 30 on a proposal to remove 50,000 ZEC from the community grant fund (ZCG). This proposal was co-drafted by Zcash co-founders Sean Bowe, Zooko Wilcox, and Jason McGee, and was merged into the specification repository on Wednesday. According to the October treasury snapshot referenced in the proposal, ZCG holds 91,453 ZEC, and the amount proposed for removal accounts for approximately 55% of its holdings.If the proposal passes and is activated in the network upgrade, ZCG must remove the 50,000 ZEC from circulation within 30 days, and its corresponding value will be included in the Network Sustainability Mechanism, gradually returned through future block rewards. Additionally, the proposal plans to stop allocating 8% of newly issued ZEC to ZCG, transferring this portion of funds into a new Future Dev and Legal Defense Fund, which will continue to accumulate until the next Zcash halving. Funds in this new fund will temporarily be unavailable for expenditure until separate withdrawal rules are approved.ZCG can still use the remaining treasury funds to continue issuing development grants, and the independent 12% holder-controlled fund will not be affected. The proposal states that based on the October treasury snapshot, a ZEC price of $1,300, and expenditure estimates for the first half of 2026, the current funds of ZCG can cover approximately 13 years of expenditures; after the removal of 50,000 ZEC, the remaining funds are expected to cover about 6 years. Previously, ZCG proposed to redirect approximately 98,000 ZEC from existing assets and future income to miner rewards, but abandoned this plan on November 3 after facing community criticism. This new proposal still requires community support and must be implemented through a network upgrade. The activation block height has not yet been determined, nor has a reference implementation been provided.

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.

According to The Block, Nasdaq-listed Solana Company (stock ticker: HSDT) reported third-quarter revenue of 3.4 million USD, an increase from 700,000 USD in the same period last year. The quarterly revenue was primarily driven by its staking income from the SOL it holds.As of September 30, the company held approximately 2.4 million SOL, with a fair value of about 288.2 million USD.

Tavi Costa, founder and CEO of Azuria Capital, stated that Bitcoin is currently "severely undervalued," and many previous supporters have chosen to give up. He expects that as the Federal Reserve's interest rate hike cycle comes to an end, both Bitcoin and silver will experience "dramatic volatility."Costa believes that the next decade will be dominated by two macro forces: a weakening dollar and suppressed yields. Against this backdrop, silver and mining stocks have become his favorite hard asset trading targets, and he claims that mining stocks appear to be a macro arbitrage opportunity.He also mentioned that gold has experienced about a 30% pullback during a long-term bull market, and the current situation of silver and Bitcoin is "very similar"; at the same time, he believes that there is no AI revolution without metals, and high-grade silver mines cannot be created out of thin air.

Arbitrum's on-chain derivatives protocol Variational announced that the private testing of its trading platform Omni has concluded, and the public mainnet is now open, with registration no longer requiring an invitation code. The Omni private testing began in January 2025 and was initially open only to a small number of whitelisted addresses from the testnet and Discord waitlist. According to the official statement, after approximately 20 months of development, the protocol's open contracts have exceeded 1.5 billion dollars, with a cumulative trading volume exceeding 450 billion dollars.During the private testing period, Variational set zero fees as a long-term arrangement and launched a referral program and a points program, along with two interface updates. It introduced the first batch of TradFi markets outside the crypto market and recently brought TradFi liquidity on-chain through exchanges. Currently, it supports all users to trade over 550 traditional assets and crypto assets that are live on Omni.

Nick Tomaino, a partner at 1confirmation, stated that 1confirmation has participated in all rounds of financing for Polymarket to date and has decided to increase its investment again. Although the fund focuses on seed-stage investments and typically does not participate in later-stage financing, it believes that Polymarket is worth breaking this investment convention.Nick Tomaino mentioned that there has been a demand for prediction markets for over a century, as users wish to place bets on events in politics, culture, and more. In the age of AI, one of the biggest challenges faced by young people is discerning the truth of information, and prediction markets can transform users' trading and investment enthusiasm into more accurate information.He emphasized that the long-term value of Polymarket is not just in sports betting, but in providing a more effective information discovery mechanism for political, geopolitical, and cultural events. Currently, while the U.S. market is primarily focused on sports trading, the accuracy of information is what gives prediction markets their more enduring value.Additionally, he believes that Polymarket's business is continuously upgrading, with the current management team performing excellently, and the products in the U.S. market are at an industry-leading level, with revenue consistently reaching new highs. Regarding the token program, he stated that while he did not fully agree with some of the related promotional methods previously, it is unreasonable to assert that the token program has lost its potential.Finally, Nick Tomaino stated that Polymarket founder Shayne has a strong desire for success and is one of the most direct and transparent people he knows.

According to Lookonchain monitoring, a certain whale (0xc8b5) heavily invested in long positions for NVDA (NVIDIA) and SNDK (SanDisk). They went long on 136,982 shares of NVDA with 5x leverage, valued at approximately 24.2 million USD; and went long on 13,655 shares of SNDK with 2x leverage, valued at approximately 12.7 million USD.

This week, the New York Stock Exchange chose Avalanche to provide infrastructure for its upcoming tokenized securities platform. On Monday, Ava Labs announced that Avalanche will serve as the "core ledger technology" for the tokenized securities platform being developed by the NYSE's parent company, Intercontinental Exchange. The product is designed to support 24/7 trading, clearing, and settlement of tokenized securities, pending regulatory approval.Market maker GSR research analyst Carlos Guzman stated that this is a "significant victory for the project," as the NYSE's choice of its technology for settlement greatly enhances institutional credibility and validates the value that blockchain technology brings to traditional financial infrastructure through instant settlement and programmability. Luther Maday, North America head of crypto payment company Mercuryo, mentioned that this decision was made after approximately a year of testing on Avalanche, indicating that the network has passed tests for performance, reliability, and control.Experts also remind that providing infrastructure does not necessarily mean the long-term value of the AVAX token will rise. Guzman pointed out that while the NYSE will use Avalanche infrastructure for clearing and settlement, actual transactions will still occur off-chain, with related activities running on dedicated infrastructure rather than the public C-Chain that carries most of the network's activities. Misha Putiatin, founder of Symbiotic, stated that the main challenge for Avalanche is whether it can achieve "value capture" that is difficult for other blockchains. According to Decrypt data, AVAX rose 3.6% in the past 24 hours to $8.64.

According to the market information platform Liquid247.xyz, the Hyperliquid address 0xecb63c...2b00 currently holds a short position of 12,863.9 ETH, with a nominal value of 26.4315 million USD.At the time of publication, ETH is quoted at 2,054.70 USD.

Fidelity increased its holdings in Strive by 2.35 million shares, bringing the total shareholding to 265.3 million USD.

Spider Digital Technology Ltd., a cryptocurrency mining pool operator headquartered in Singapore, announced that it has signed a definitive business combination agreement with Starlink AI Acquisition Corporation, a blank check company listed on the New York Stock Exchange (stock ticker OTAI), on October 30, 2026. The agreement sets the valuation of Spider Digital at $250 million to determine the merger consideration. Upon completion of the transaction, Spider Digital and Starlink AI will become wholly-owned subsidiaries of Spider Digital Technology Group, which is expected to go public in the United States after meeting applicable listing requirements and obtaining approval.According to the agreement, PubCo's wholly-owned subsidiary Merger Sub I will merge with Spider Digital, after which Merger Sub II will merge with Starlink AI, and both companies will continue to exist after their respective mergers. The completion of the transaction is subject to approval by both parties' shareholders, the effectiveness of PubCo's F-4 registration statement, approval for listing on the New York Stock Exchange, and other customary closing conditions. Spider Digital claims that it operates its own mining pool system and has independent block production capabilities, without sharing pool control or hash power scheduling rights with third parties. The company's founder, chairman, and CEO Chen Hua, along with Starlink AI's chairman and CEO Gus Liu, both commented on the proposed merger.

According to Onchain Lens monitoring, TRON INC. repurchased 155,800 TRX, worth approximately $49,600.The company continues to accumulate TRX daily, with a total purchase of 1,090,000 TRX in the past 7 days, worth approximately $346,900; a total purchase of 4,560,000 TRX in the past 30 days, worth approximately $1,490,000; currently holding 723,050,000 TRX, worth approximately $224,000,000.

Telegram CEO Pavel Durov posted on the X platform that amid the "bleak" cryptocurrency market, "only GRAM has risen by 8%" and called GRAM the "only token built into a real social ecosystem."Durov believes that GRAM is "severely undervalued" and stated that it "should be among the top three in CMC market capitalization." Market data shows that the price of GRAM was initially reported at $1.12, with a 24-hour increase of 8.07%.