Bitcoin Miners Must Own Power—or Die Trying Before Next Halving, MARA CEO Says

[Lighter TVL Reaches $1.17 Billion, Surpassing Linea] According to L2beat data, Lighter's total value locked (TVL) has reached $1.17 billion, surpassing Linea's $1.04 billion. Yesterday, the crypto trading protocol Lighter completed a $68 million funding round, led by Founders Fund and Ribbit Capital.

[U.S. House of Representatives to Vote at 5 AM Tomorrow on Ending Government Shutdown] On November 12, the U.S. House of Representatives will vote tonight (Wednesday, 4 PM Eastern Time, which is Thursday, 5 AM UTC+8) on whether to end the 42-day-long government shutdown. Previously, the U.S. Senate approved the bill to end the shutdown on the morning of the 11th (UTC+8) and sent it to the House of Representatives. Currently, several altcoin spot ETFs, including XRP ETFs from five issuers such as Franklin and Bitwise, as well as 21Shares' Polkadot ETF, DOGE ETF, Sui ETF, and Bitwise's Chainlink ETF, have been listed on the DTCC website. Canary has also submitted an 8-A form for its XRP spot ETF, which is the final step before the application takes effect. Once Nasdaq approves the listing, the first XRP spot ETF could officially debut on Thursday's market opening.

[Lighter's perpetual contract trading volume reached $67.777 billion in the past 7 days] DefiLlama data shows that Lighter's perpetual contract trading volume over the past 7 days was $67.777 billion, with a total trading volume of $933.888 billion. Currently, Lighter's TVL has risen to $1.171 billion.

[Lawyer John Deaton Announces Candidacy for the 2026 U.S. Senate] Pro-cryptocurrency lawyer John Deaton has announced his candidacy to represent Massachusetts in the 2026 U.S. Senate race. If he secures support from the Republican Party, he will become the party's candidate, which is significant for his November campaign. Unlike before, cryptocurrency is not listed as a core part of his campaign platform. In the 2024 election, Deaton lost to incumbent Senator Elizabeth Warren by nearly 20 percentage points.

[Sonic Labs Announces New Plan: Introducing Tiered Fee Monetization Structure and Plans to Establish Office in New York] Sonic Labs CEO Mitchell Demeter announced the next phase of the project on the X platform. Demeter stated that Sonic is well-funded, has no liquidity issues, and possesses the resources to execute long-term plans. Future development will focus on practical applications, economic efficiency, and delivering results, rather than speculative behavior. Sonic plans to optimize tokenomics, promote deflation, and introduce a tiered fee monetization structure (FeeM), with reward ratios ranging from 15% to 90%. Of this, 10% will be allocated to validators, and the remaining portion will be burned. Additionally, Sonic is preparing to establish an office in New York City to expand its team and focus on institutional partnerships and policy relations. The company also plans to drive business value upgrades through selected Ethereum Improvement Proposals (EIPs) and the launch of Sonic Improvement Proposals (SIPs).