[Yuneng Holdings Plans to Acquire 5.56% Stake in Virtual Asset Exchange VAX for HK$100 Million] According to an announcement on the Hong Kong Stock Exchange, Hong Kong-listed company Yuneng Holdings has signed an acquisition agreement with the licensed virtual asset exchange VAX in Hong Kong. The company plans to acquire approximately 5.56% of VAX's issued share capital for HK$100 million. Of this, HK$24 million will be paid in cash, while the remaining HK$76 million will be settled through the issuance of three-year zero-coupon convertible bonds, with a conversion price of HK$2.5 per share.

[1,010 Bitcoins Transferred from Kraken to Unknown Wallet] WhaleAlert data shows that 1,010 Bitcoins (worth approximately $103 million) were transferred from the Kraken exchange to an unknown wallet address.

The discussion covers the behavioral differences between Bitcoin whales and small holders, as well as market sentiment for Ethereum, XRP, and ZCash, analyzing the signals that traders need to expect a rebound. （Santiment）

[Japan Exchange Group Plans to Restrict Listed Companies from Hoarding Cryptocurrencies] Jin10 Data, November 13 – Japan Exchange Group is studying measures to restrict listed companies from hoarding cryptocurrencies to address concerns over related losses. According to insiders, potential measures include tightening regulations on reverse mergers and requiring companies to undergo new audits. No formal action plan has been finalized yet. An insider revealed that since September, three listed Japanese companies have suspended plans to purchase cryptocurrencies due to obstruction from Japan Exchange Group. These companies were informed that if they adopt cryptocurrency purchases as a business strategy, their financing capabilities will be limited.

[The Number of Crypto Projects with a Market Cap Over $100 Million Decreased by 18.6% Compared to 2021] On November 13, according to monitoring data from analyst Route2FI, the current number of crypto projects with a market cap exceeding $100 million (including stablecoins) is 388, a decrease of 18.6% compared to 477 in November 2021. Route2FI pointed out that the reasons for the decrease in the number of projects include: November 2021 was near the peak of the altcoin market in the last cycle, while a similar surge has not yet occurred in this cycle; there were fewer tokens with low circulation and high fully diluted valuations at that time, and if calculated based on fully diluted valuations, the current number might be higher than in 2021; liquidity and capital are more concentrated in major projects such as Bitcoin, Ethereum, Solana, and leading Layer 2 networks; and investors' preferences are gradually shifting toward practical and proven token ecosystems.