[VanEck Updates BNB ETF Application, Removes Staking Option] On November 21, VanEck submitted the latest S-1 filing to the U.S. Securities and Exchange Commission (SEC), announcing that the BNB ETF will no longer offer a staking option. Upon listing, the ETF will not use BNB for staking activities, nor will it receive staking rewards or income. VanEck stated that removing the staking option may result in the ETF underperforming compared to directly holding BNB.

The digital-asset infrastructure provider will help secure and govern the Canton Network while expanding custody services for institutions.

[Paxos Acquires Crypto Wallet Company Fordefi for Over $100 Million] Crypto payment infrastructure company Paxos announced the acquisition of New York-based crypto wallet startup Fordefi for over $100 million. Fordefi specializes in designing crypto wallet solutions for decentralized finance (DeFi) and currently has approximately 40 employees, serving around 300 clients.

[Hyperliquid's MON TOP1 Long Position Holder Gains $1.572 Million in Unrealized Profit] On-chain analysis shows that the TOP1 long position holder of MON on Hyperliquid has an unrealized profit of $1.572 million. The position was opened 21 hours ago at $0.02878, with a current holding of 163 million tokens (valued at $6.28 million). Over the past 50 minutes, the holder has partially closed the position, taking profit on 8.04 million tokens and earning $90,000. Additionally, a $1 million limit buy order has been placed in the [0.033 - 0.034] range, indicating continued bullish sentiment if the price retraces to the psychological level.

[U.S. September Core PPI Year-on-Year Growth at 2.6%, Below Expectations] The U.S. September Core Producer Price Index (PPI) grew 2.6% year-on-year, below the expected 2.7%, with the previous value at 2.8%.