Wintermute increased its short exposure in Hyperliquid to $90.71 million, with cumulative profits of $228 million.

The Dark Side of the Moon has reached an agreement with overseas investors on a shareholding restructuring, planning to dismantle the red-chip structure to facilitate a Hong Kong listing. The Dark Side of the Moon will repurchase the shares held by overseas investors, who will then reinvest the funds into the domestic company. Dark Side of the Moon has secretly submitted its application for a Hong Kong IPO, with its latest round of financing valuing the company at approximately $50 billion. The company plans to list as early as the beginning of 2027, raising up to $5 billion. (Source: Wall Street Journal)

Market maker Wintermute increased its short exposure on Hyperliquid by $18.26 million, from $72.45 million to $90.71 million. Wintermute's cumulative profits rose to $228 million, an increase of $540,000 from the last update, with profits of $20.64 million in the past 30 days.

[US and EU Joint Operation TorNado Arrests 354, Seizes $234 Million in Assets] The US Department of Justice and Europol announced on November 12 that in Operation TorNado, conducted from May 2025 to October of this year, law enforcement agencies from 14 countries arrested 354 people and seized over $234 million in cash and cryptocurrency. The US arrested 132 people, the UK 59, Hungary 45, Germany 41, and France 23. Law enforcement also seized approximately 5.7 tons of drugs, 209 firearms, and 38 tablet presses. Europol reported seizing over €210 million in criminal assets; the official amount of cryptocurrency within the $234 million was not disclosed.

The Thai government has announced that tourists can now use cryptocurrency to make payments nationwide. Each year, 35 million tourists can use cryptocurrency as cash. (The Bitcoin Historian)

MSCI announced that The Smarter Web Company will be included in its micro-cap index, effective November 30. MSCI also announced that it will remove Strategy from all of its indices.