Nvidia contracts on Hyperliquid saw a 24-hour trading volume of $1.5 billion, ranking first on the platform's trading volume list. The contract's open interest (OI) was $549 million, with 12,538 traders participating in the past 24 hours, resulting in a long-short ratio of 4.47:1.

[Securitize and Ethena Launch BUIDL Liquidity Facility] Securitize and Ethena's BUIDL liquidity facility has officially launched, enabling institutions to access dollar liquidity while holding tokenized dollar assets, using USDC as the settlement asset. In June of this year, BlackRock integrated Ethena's USDe into its Aladdin investment management platform, which manages approximately $25 trillion. Ethena provided $100 million in liquidity support to BlackRock's BUIDL fund. Ethena has allocated approximately $200 million to BUIDL, pushing the fund's size past $1 billion. BUIDL is BlackRock's dollar institutional digital liquidity fund, tokenized by Securitize. It has been deployed on chains such as Ethereum, Solana, BNB Chain, and Aptos, and is accepted as collateral by platforms such as Crypto.com and Deribit. (Source: The Block)

MSCI removed MicroStrategy from the MSCI US Index in its global standard index review on November 11, with the change taking effect after the market closes on November 30.

CFO Colette Kress takes over as interim CEO after Huang steps down immediately as president, chief executive and board member, sending shares down 10% to $156.

On November 12, the Bitcoin ETF saw a net outflow of 3,621 BTC, equivalent to approximately $263 million, and a net outflow of 19,453 BTC, equivalent to approximately $1.41 billion, over the past seven days. On November 12th, the Ethereum ETF saw a net outflow of 66,020 ETH, equivalent to approximately $132 million, following a net outflow of 210,673 ETH, equivalent to approximately $423 million, over the past seven days. (Lookonchain)