US crypto industry insiders: Crypto legislation is unlikely to progress during the current Congress's term.

Bitcoin ETF saw a $2.1 billion outflow in November, and the outflow trend has continued for seven days.

Several figures in the U.S. crypto industry predict that Congress will struggle to make substantial progress on crypto legislation in the final weeks of its term. Cody Carbone, CEO of the Chamber of Digital Commerce, stated that the chances of further progress on the Clarity Act for Digital Asset Markets are slim. A few issues remain to be addressed, including crypto tax rules, granting the U.S. Commodity Futures Trading Commission (CFTC) more regulatory authority over the crypto spot market, and accelerating the licensing process for data center construction. Among these, the bipartisan bill related to data center licensing has passed preliminary proceedings in the Senate, but some Bitcoin mining companies disagree on the potential requirement to bear the costs of grid expansion and higher energy bills. Kristin Smith, head of the Blockchain Association, said that with the current Congress having little time left and many tasks to complete, the most important regulatory rules for the U.S. crypto industry are still being formulated by the U.S. Securities and Exchange Commission (SEC) and the CFTC.

The Injective Veyra upgrade has entered the voting phase. This upgrade introduces institutional-grade RWA infrastructure and native privacy features.

Trader 58bro.eth withdrew 10,501 ETH from OKX at an average price of $1,978.26 during the price drop on November 13-14, worth $20.77 million. The trader deposited $12.47 million worth of ETH into the exchange in three batches over the past 11 hours, and apparently sold 6,914.08 ETH at a loss, with an estimated loss of $1.207 million, representing an 8.82% decrease in assets. The remaining positions still show a paper loss of $522,000. (Ai Yi) Address details: 0xc24ad068E42B8293db1aC6d920aEd665aB3FE8d2

Solana co-founder Toly responded to Bankless co-founder David Hoffman's discussion about blockchain resource requirements and presented test results: a Solana mainnet full node, using less computing power than a single CPU core on a tablet and connected via a 5G network, took only 10 seconds to catch up with the latest block and participate in voting from scratch. This process included parallel compilation and initial snapshot synchronization. In 2023, Toly stated that the cost of running Solana and the transaction volume it processed were superior to the sum of all EVM chains. At that time, David Hoffman pointed out that Solana had not yet fully attempted to lower the barrier to entry for node operation and emphasized that reducing resource requirements is an important cultural requirement for the long-term operation of blockchain systems.