[Capx AI Launches Mainnet Today] AI agent project Capx AI officially launches its mainnet today. Capx AI completed a $3.14 million seed round of financing in March this year, led by Manifold and Luganodes, with participation from echo, P2 Ventures, Gate.io, and STIX. The funds will be used to build, own, and trade an ecosystem of AI agent applications.
[Sequans Sells 970 Bitcoins to Reduce Debt to $94.5 Million] U.S.-listed semiconductor company Sequans Communications (NYSE:SQNS) sold 970 bitcoins, reducing its total debt from $189 million to $94.5 million and redeeming 50% of its convertible bonds. The company now holds 2,264 bitcoins, with a net asset value of approximately $240 million. The debt-to-net asset value ratio has decreased from 55% to 39%. CEO Georges Karam stated that this transaction was a tactical decision aimed at unlocking shareholder value. The debt reduction is expected to strengthen the company's previously announced ADS buyback program.
[Most Partners Ready to Resume Operations After Berachain Network Suspension] On November 4, Berachain announced that, apart from one oracle provider, most key partners are ready to resume operations. Due to recent issues related to Stream/Elixir, the oracle provider has faced significant pressure over the past 24 hours and is expected to resume operations within a few hours. The team has verified and received pre-signed transactions provided by white-hat individuals, and once the blockchain resumes block generation, BEX funds will be transferred from the white-hat individuals to the foundation deployer wallet. Previously, the Berachain Foundation stated that validator nodes had coordinated to suspend network operations in order to execute an emergency hard fork to address vulnerabilities related to BEX and Balancer V2. The network is expected to resume shortly.
["October 11 Short Insider Whale" Increases Holdings of 3,000 ETH and 150 BTC, Total Value $26.195 Million] The "October 11 Short Insider Whale" account has newly increased holdings of 3,000 ETH and 150 BTC, with a total value of approximately $26.195 million, expanding the overall position size to $80.3 million. Currently, the account is experiencing an unrealized loss of $913,000. The specific holdings are as follows: BTC long position holdings of 500 units, total value $52.16 million, with an average opening price of $105,500.3; ETH long position holdings of 8,000 units, total value $28.12 million, with an average opening price of $3,552.38.
[Analyst Says Ethereum May Dip to the $3400 Range] On November 4, renowned crypto analyst @IamCryptoWolf stated on the X platform that Ethereum is entering the final phase of the adjustment that began in August, which is part of a larger trend starting around $1500. The analyst pointed out that if Ethereum fails to recover to $3900 soon, the price is expected to potentially dip to the $3400 range.
[SBF Legal Team Appeals to Overturn Fraud Conviction and Accuses Judge of Bias] FTX co-founder SBF (Sam Bankman-Fried) filed an appeal on Tuesday with the appellate court to overturn his fraud conviction and 25-year prison sentence. The legal team accused Judge Lewis Kaplan of repeatedly favoring the prosecution during the trial, obstructing the defense, and leading to SBF being 'presumed guilty' following the 2022 FTX collapse. The lawyers claimed that the judge influenced the verdict by pressuring the jury and mocking SBF's testimony, and they requested a retrial and a change of judge. Additionally, the legal team plans to argue that the judge wrongly prohibited SBF from explaining to the jury that FTX had the ability to repay debts, while allowing the prosecution to accuse him of misappropriating customer funds. The SBF team emphasized that he had no intention of deceiving customers and stated that his actions followed the advice of FTX's legal counsel. SBF is currently serving his sentence in California and is not expected to attend the hearing.