Bitcoin Miners Must Own Power—or Die Trying Before Next Halving, MARA CEO Says

[Bitdeer Ohio Mining Farm Fire Causes Two Buildings to Collapse, No Casualties] On November 12, Bitdeer Chairman Jihan Wu confirmed that a fire occurred at the company's newly built mining farm in Ohio, causing two of the 26 buildings to collapse. No casualties were reported. Currently, the senior management team has arrived at the site and will conduct an investigation.

[Crypto KOL's $1 Million MegaETH Token Allocation Revoked for Violating Lock-Up Rules] Crypto KOL IcoBeast had their $1 million MegaETH token allocation revoked after publicly stating their intention to hedge their MegaETH token distribution, which violated the rules associated with the one-year lock-up period. MegaETH Chief Strategy Officer Namik Muduroglu posted on X, emphasizing that participants in the MegaETH sale who lock up their tokens for one year must adhere to the following rules: tokens cannot be resold or transferred, and no transfers, resales, or hedging transactions that violate applicable laws are allowed. Muduroglu stressed that the token sale was oversubscribed by 28 times, and allocating tokens to participants planning to sell immediately is meaningless. Priority will be given to investors willing to hold the tokens.

[Plasma to Transfer Custody of XPL Tokens to Anchorage Within 48 Hours] Stablecoin infrastructure project Plasma announced that it will transfer XPL tokens to Anchorage, a federally chartered crypto bank in the United States, within 48 hours to complete the custody transition. All tokens will continue to follow the established unlocking schedule.

[Bitwise CIO: Market Underestimates Probability of Crypto Market Structure Legislation Passing] On November 12, Bitwise Chief Investment Officer Matt Hougan stated that the market is underestimating the probability of successful passage of crypto market structure legislation. He believes the likelihood of the CLARITY Act passing is relatively high. Currently, cryptocurrencies are receiving bipartisan support, crypto lobbying funds have reached historic highs, and the government is also fulfilling its commitments to the crypto industry.

[U.S. Solana Spot ETF Records $7.98 Million Net Inflow in a Single Day, 11 Consecutive Days of Net Inflows] On November 11 (Eastern Time), the U.S. Solana Spot ETF recorded a total single-day net inflow of $7.98 million. The Bitwise Solana Spot ETF (BSOL) saw a single-day net inflow of $2.05 million, with cumulative net inflows reaching $332 million; the Grayscale Solana Spot ETF (GSOL) recorded a single-day net inflow of $5.93 million, with cumulative net inflows totaling $18.72 million. As of the time of publication, the total net asset value of Solana Spot ETFs stands at $568 million, with Solana's net asset ratio at 0.64%, and historical cumulative net inflows amounting to $350 million.