IREN's AI cloud revenue grew 182% in the first quarter, while Bitcoin mining revenue fell to $28 million.

[Mike Novogratz: GLXY Stock is Undervalued, Will Increase Holdings Effective Immediately] Galaxy Digital CEO Mike Novogratz stated that GLXY's current stock price is significantly out of sync with the company's value, and he will be buying more shares and making a significant bet on the company effective immediately. Mike Novogratz acknowledged the pressure from the Democratic victory in the US election, but believes that the migration of finance to blockchain and the surge in demand for AI represent a generational shift that transcends government changes and market cycles. Galaxy Digital has delivered the first phase of its Texas Helios project as planned, with 800 megawatts of capacity leased out through long-term contracts. The company will continue to work with local legislators, the community, and the new administration.

An address reversed its ETH position from a long position of 1010.24 ETH to a short position, currently holding 1406.37 ETH in short positions, with a position value of approximately $3.16 million. This address's contract account has accumulated profits of approximately $40.97 million. Within the window, approximately $4.22 million worth of ETH long positions were closed, and approximately $5.17 million worth of ETH short positions were opened. Address: 0xfc66…7ca06; Total Profit/Loss: Profit of approximately $40.97 million.

On November 5th, Hyperliquid's priority fees reached a record high of $521,000. This revenue accounted for 12.7% of the platform's total daily revenue, also a record high. During the US stock market crash, on-chain liquidation bots, arbitrageurs, and traders paid the aforementioned additional fees to validators or protocols in order to compete for priority in transaction processing.

[Solana Lending Protocol Loopscale Partially Restores Lending Functionality] Solana's lending protocol, Loopscale, has restored collateral replenishment functionality for all loans, as well as repayment functionality except for USDC Genesis vault-funded loans. Borrowers can retrieve their collateral after repaying their loans, but USDC Genesis vault-funded loans, vault withdrawals, and other protocol functions remain restricted. Loopscale identified and contained two attack paths: one where a misconfigured pricing parameter allowed attackers to obtain approximately $412,000 in undercollateralized loans from the SOL Genesis vault; and another involving inflating the net asset value of the USDC Genesis vault through extremely high-interest loans, resulting in approximately $521,000 in disproportionate redemptions, which the system blocked within 30 seconds of the transaction being generated. The protocol states that user deposits will not be lost, and restoring normal operations requires first determining the full scope of the attack activity and strengthening security measures. (Source: The Defiant)

[Avalanche Chain DAI.e Price De-pegged, Rising to Approximately $1.10] The bridge token DAI.e on the Avalanche chain has experienced a price de-pegged event, rising to approximately $1.10 in active Avalanche decentralized exchange liquidity pools, about 10% higher than its $1 peg price.