[U.S. Treasury Clarifies Regulatory Path for Cryptocurrency Staking ETPs] U.S. Treasury Secretary Scott Bessent announced a new policy in coordination with updated guidance from the Internal Revenue Service (IRS) to provide regulatory support for cryptocurrency ETPs with staking features. The guidance clarifies the tax treatment of staking rewards within ETP structures, stipulating that staking rewards will not immediately trigger direct tax obligations for individual investors. Asset management companies believe the new framework reduces compliance risks and enhances product viability. Market analysts predict that this policy could accelerate the approval of Ethereum staking ETPs and promote the development of multi-chain staking products.

[Bitcoin Long-Term Holders Have Sold 371,584 BTC Since July] On-chain data shows that Bitcoin long-term holders have sold a total of 371,584 BTC since July, with selling activity reaching its peak. Analyst @ali_charts has monitored the relevant data.

[Yesterday, SOL Spot ETF Net Inflow of $6.8 Million] On November 11, according to Farside monitoring, yesterday's SOL spot ETF net inflow was $6.8 million, with BSOL net inflow of $5.9 million.

**[eToro Launches $150 Million Stock Buyback Plan]** Israeli trading platform eToro has announced a $150 million stock buyback initiative, following a roughly 30% drop in its share price compared to its initial public offering (IPO) price. eToro went public in New York six months ago, and its third-quarter financial report revealed a net profit of $56.8 million, a year-over-year increase of 47%; net contribution grew 28% to $215 million; the number of active funded accounts rose 16% to 3.7 million; and assets under management surged 76% to $20.8 billion. Although eToro is involved in stock investments and social trading, its primary business remains focused on cryptocurrency trading. In the third quarter, revenue from "crypto assets" reached $3.97 billion, with related costs amounting to $3.89 billion.

[Bitcoin Mining Company Greenidge Reaches Settlement with New York State Over Environmental Permit Dispute] Bitcoin mining company Greenidge announced on Monday that it has reached an agreement with New York State officials to secure a five-year renewal of its critical environmental permit. As part of the agreement, Greenidge has committed to significantly reducing greenhouse gas emissions, with its approved emissions to decrease by 44% by 2030, aligning with the climate law goals passed by New York State in 2019. The law mandates a 40% reduction in statewide greenhouse gas emissions from 1990 levels by 2030. The settlement between the New York State Department of Environmental Conservation and Greenidge concludes all litigation between the two parties, following Greenidge's lawsuit in 2022 over the permit denial.