[The $1 Billion Ethereum DAT Plan Led by Li Lin and Xiao Feng Has Been Shelved, Approximately $200 Million Returned] The Ethereum DAT plan led by Li Lin, Shen Bo, Xiao Feng, and Cai Wensheng has been shelved, and approximately $200 million in raised funds has been returned. The plan initially aimed to purchase approximately $1 billion worth of ETH through a Nasdaq shell company structure, with funding sources including around $200 million from Avenir and approximately $500 million from Asian institutions. Industry insiders suggest the shelving may be related to the market downturn following the '1011 Incident' and the decline in stock prices of several DAT companies. Whether the plan will be restarted remains uncertain, with relevant parties stating that they will prioritize investors' interests and continue to monitor market dynamics.

Jianan Technology announced third quarter revenue of $150.5 million, a year-on-year increase of approximately 104%. The company is accelerating the construction of mining infrastructure that supports artificial intelligence, with the goal of expanding new demands beyond Bitcoin mining. （Cointelegraph）

[Zora Injects $11 Million Liquidity into Uniswap v3 ZORA-USDC Pool] On November 19, Zora announced that it has injected $11 million liquidity from its treasury into the ZORA-USDC trading pool on Uniswap v3.

[Strike Founder Says Bitcoin Drop Reflects Currency Issues, Suggests Buying the Dip] Jack Mallers, founder of the Bitcoin payment app Strike, responded to the recent Bitcoin market decline on the X platform. He stated that the current collapse is of currency, not assets, and Bitcoin demonstrates this point. Mallers believes that the repeated record highs of gold prices indicate the collapse of the fiat currency system and likens Bitcoin to a liquidity alarm, suggesting buying the dip.

[StraitsX Transfers 3.4 Million XUSD to Binance] On November 19 at 12:48, StraitsX transferred 3.4 million XUSD to Binance, valued at approximately $3.4 million.