Coinbase receives final approval for OCC (Occupational Commonwealth Trust Bank) license

The State Internet Information Office has launched a new Internet technology and application information service filing system, while the original Internet information service algorithm filing system and blockchain information service filing management system have been discontinued. The Shanghai Cyberspace Administration requires that blockchain service names not contain terms such as virtual currency, exchange, or ICO. Applications involving virtual currency issuance, trading, or ICO activities, servers deployed overseas, or those that have not completed ICP filing will be affected; BaaS platforms must also be registered. Generative AI applications that call registered models via APIs and provide services with public opinion attributes or social mobilization capabilities to the public must be registered.

A whale, 0x7a6, has been continuously buying Worldcoin (WLD) on dips, accumulating nearly 6 million WLDs worth approximately $1.865 million, with an average purchase price of $0.322. This address first purchased WLD about two months ago and added another 2.098 million WLD today.

Coinbase has received final approval from the OCC for a federal trust banking license, joining Circle and Ripple in the same category.

U.S. Republican Congressman Thomas Massey will submit articles of impeachment against Defense Secretary Hergsays today. The articles of impeachment allege that Hegses abused the powers of the Ministry of Defense by launching hostile actions against Iran without congressional approval. (Source: Politico)

[Hyperscale Data Plans to Repurchase Shares at a Premium of Up to $50 Million] AI data center company Hyperscale Data announced a proposed tender offer to repurchase up to 192,307,692 Class A common shares through a combination of cash and newly issued preferred stock, with a total offering capped at $50 million. Each 100 shares of common stock will be exchanged for one unit, comprising $2 in cash and one share of preferred stock valued at $24, with an annual dividend yield of 12.00%. The offer price of $0.26 represents an 82% premium over the closing price of $0.1429 on November 6. The offer requires participation from at least 100 million shares of common stock and is expected to commence around November 17, subject to board and regulatory approval. Executive Chairman Milton “Todd” Ault III stated that the company's intrinsic value is out of sync with its current share price. This offer aims to provide shareholders with liquidity and fixed-income instruments, and to repurchase undervalued shares. (Source: PR Newswire)