Market News: US Customs and Border Protection Detains Certain Imported Bitmain Mining Machines

Machi Big Brother and Machi Small Brother currently hold multiple ETH orders and are in a loss making state. Machi Big Brother holds 7400.7 ETH (approximately $23.55 million) at a clearing price of $3040.6; Machi Small Brother holds 5000 ETH (approximately $15.9 million) at a clearing price of $2794.71. Both of them added funds to Hyperliquid, with the former used to increase multiple orders and the latter used to add margin to avoid liquidation. （Lookonchain）

Investors have pulled out $2.64 billion over three weeks

[Orama Labs Launches $5 Million Ecosystem Fund, First Batch of Incentives Distributed to Kingnet AI and ZENO] On November 14, DeSci and AI asset protocol Orama Labs announced the establishment of a $5 million ecosystem fund to support cutting-edge technology projects. The first batch of grants has been distributed, with Kingnet AI receiving $1 million in PYTHIA token rewards and the space intelligence project ZENO receiving $200,000 in PYTHIA incentives. According to the official introduction, ZENO is driving 'space intelligence' from theory to practice, while Kingnet AI is lowering the barriers to game development through natural language technology. This round of incentives will promote collaboration between Kingnet AI and Orama in terms of technology and ecosystem development. The fund will continue to support innovative projects in fields such as DeSci, AI, and DEPIN.

[MGBX to Launch PLANCK Spot Trading] To further enrich the variety of trading options on the platform and enhance user trading experience, MGBX will officially launch the following spot trading pair on 2025-11-14. Schedule: Deposit Opening Time: 2025-11-14 16:00:00 (SGT) Trading Opening Time: 2025-11-14 18:00:00 (SGT) Withdrawal Opening Time: 2025-11-17 19:00:00 (SGT) Trading Pair Details: PLANCK/USDT For more trading opportunities, please visit 'Quick Updates - New Listings.' Data sourced from MGBX, for informational purposes only and does not constitute any investment advice.

[Kraken Co-CEO States Company Has No Plans to Go Public in the U.S.] Kraken Co-Chief Executive Officer Arjun Sethi stated in an interview with Yahoo Finance that the company currently has no plans to go public in the United States. He emphasized that as a private enterprise, Kraken has a well-capitalized balance sheet, strong financial health, and a deep understanding of operational risk management, and will not experience FOMO due to other companies going public. Additionally, Sethi believes that the price volatility of cryptocurrencies is a normal phenomenon experienced by all asset classes. What’s more important is understanding the logic behind investing in assets like Bitcoin ($BTC) and Ethereum ($ETH), and how it relates to the choice of holding dollars or stocks. In September of this year, Sethi had stated that the company is not in a rush to pursue an IPO and plans to make more acquisitions.