[Babylon Completes Mainnet Upgrade, BABY Annual Inflation Rate Reduced to 5.5%] On November 14, Babylon announced the completion of its mainnet upgrade and implemented two key adjustments to the BABY tokenomics, along with the addition of a BTC staking extension feature. Specifically: 1. The BABY annual inflation rate has been reduced from 8% to 5.5%, decreasing the minting of 250 million BABY tokens per year; 2. A joint staking feature has been introduced, allowing users to stake both BTC and BABY simultaneously for higher rewards; 3. A BTC staking extension feature has been added, enabling stakers to extend their staking time lock without unlocking their stakes.

The Filecoin network achieved miner integration and efficiency improvement through V27 upgrade in the third quarter, while expanding enterprise adoption through cultural protection cooperation and S3 compatible storage integration. Key data includes: storage utilization rate increased from 32% to 36%; The total network cost increased by 14% to 793000 US dollars; The dataset with over 1000 TiB increased by 7% to 925. （Messari）

[Bitfarms to Gradually Shut Down Bitcoin Mining Operations and Shift to AI Data Centers] Crypto mining company Bitfarms announced plans to gradually shut down its Bitcoin mining operations over the next two years and focus on providing high-performance computing (HPC) infrastructure for artificial intelligence (AI) applications. Due to the decline in Bitcoin prices, which has narrowed profit margins, Bitfarms also plans to repurpose its facility in Washington State to support AI or high-performance computing tasks.

Crypto’s U.S. trading-hour weakness continues as hopes for new 2025 BTC high fade, market strategist said.

[Kalshi Chooses Coinbase Custody to Manage USDC Funds] On November 14, the U.S. prediction market Kalshi announced its decision to select Coinbase Custody to provide custody services for USDC, ensuring the security of funds when users deposit or withdraw USDC.