A certain Wise Trader liquidated a 40x long position on Bitcoin this morning and entered a 20x long position on Solana.

Binance CFO Kaiser Ng steps down to launch a company focused on tokenizing real-world assets including basketball, music, GPUs, robotics, gold, and collectibles. Ng announced on social media on November 8 that after five years serving as Binance’s CFO, he has decided to build his own business. He noted he will advance multiple projects, calling the tokenization of these assets a huge industry opportunity, and invited professionals in relevant fields to contact him to join his team. Binance co-founder He Yi announced on November 7 that Justin Yek, former finance vice president at payments firm Airwallex, will take over as CFO. He Yi said Ng, who spent over five years at Binance, is embarking on a new venture, and the transition plan has been in progress for six months. Yek stated in a release that he is pleased to assume the role of Binance CFO. Ng joined Binance in January 2022, having previously worked at crypto exchange Kraken for around five years. In his farewell post, he thanked management and colleagues, adding that Binance is now in very capable hands. Binance founder CZ responded that Ng shared his plan to launch a startup months ago, noting YZi Labs (formerly Binance Labs) is always willing to support projects founded by current or former colleagues. CZ did not specify whether the institution plans to invest in Ng’s new company.

Beating AI News Flash: AI video company Higgsfield has unveiled an AI video editing tool called Miracle. According to official demos, users can change clothing, modify backgrounds, or remove objects in a video without regenerating the entire clip—selecting the area to edit lets them view results in real time. Miracle operates by splitting videos into individually editable layers and preserving depth information for each frame. For example, when a person is running, the system must distinguish the positional relationship between the subject and background to modify only the person’s clothing while retaining original movements, camera angles, and lighting. AI video local editing is not a new development; tools like Runway Aleph have long supported object replacement and background modification. Miracle’s core selling point is real-time editing, bringing video post-production closer to the workflow of Photoshop. Users can edit any unsatisfactory part directly, eliminating the need for repeated generation and rendering waits. Currently, Miracle is in an invite-only closed beta, with details on actual editing speed, stability in complex scenarios, and pricing yet to be announced. In the future, Miracle will integrate with Higgsfield MCP, supporting invocation via Claude.

According to U.S. SEC filings and company announcements, U.S.-listed digital asset platform Bullish (NYSE: BLSH) has appointed former New York Stock Exchange Group President Stacey Cunningham as its president. The move supports the firm’s strategy of bridging traditional capital market infrastructure and blockchain technology. Cunningham brings over 30 years of capital markets experience, having served as NYSE Group President and Chief Operating Officer — the first woman to lead the NYSE Group. She previously held senior roles at Nasdaq, advised Uniswap Labs, and currently sits on the boards of Cloudflare, the NYSE, and Georgetown University’s Center for Financial Policy, among other institutions. Bullish CEO Tom Farley stated that Cunningham’s expertise in market structure, operational experience, and issuer network will play a core role in building next-generation services for the firm’s market participants. For context, Bullish announced in May 2026 its $4.2 billion acquisition of global stock transfer agent Equiniti, with the deal expected to close in January 2027. The platform has also secured Gibraltar regulatory approval for tokenized securities trading and launched its own issuer-sponsored tokenized share trading service.

Official news: Bitget has launched its "Wealth Management Carnival Season" campaign, running from November 9 to December 9. During the event, users who complete net deposits of specified cryptocurrencies and subscribe to the corresponding demand wealth management products will enjoy an additional fixed interest on top of the real-time APR, with no separate registration required. The maximum APRs offered are 10% for USDT, 5% for ETH and XAUT, and 3% for BTC. The higher the net deposit amount, the higher the cap on the additional interest rate available. Real-time APR may fluctuate with market conditions; please refer to Bitget’s official event page for specific details.

According to Israeli media outlet Israel Hayom, the United States and Iran are considering an $80 billion deal to reopen the Strait of Hormuz. U.S. President Donald Trump is expected to meet with Qatari Prime Minister on Monday to discuss the Iranian proposal: Washington would unfreeze $80 billion in Iranian funds in exchange for reopening the strategic waterway. The report notes the deal would end Iran’s attacks on Gulf shipping and lift related U.S. restrictions, but would not touch on Iran’s nuclear program. Vice President J.D. Vance is reportedly pushing for the agreement, while some senior U.S. government officials oppose it.

According to PR Newswire, AI data center firm Hyperscale Data, Inc. (NYSE American: GPUS) announced it will launch an exchange offer to acquire up to 192,307,692 Class A common shares, valued at up to approximately $50 million. For every 100 common shares tendered, shareholders will receive one unit consisting of $2.00 in cash and one preferred share with a par value of $24.00 and an annual dividend yield of 12.00%. This values the common shares at roughly $0.26 each, an 82% premium over the November 6, 2026 closing price of $0.1429. The offer requires a minimum tender of 100 million common shares. The company plans to formally launch the exchange offer around November 17, 2026, pending board approval, regulatory approval, and customary closing conditions. Hyperscale Data will apply to list the preferred shares on NYSE American; if approved, trading is expected to start within 30 days of the listing clearance. Relevant details will be included in the exchange offer documents filed with the U.S. Securities and Exchange Commission (SEC) and distributed to shareholders. Hyperscale Data stated the move aims to bridge the significant gap between its current market capitalization and balance sheet strength, including its holdings of cash and Bitcoin. Executive Chairman Milton "Todd" Ault III said the company believes there is a clear disconnect between intrinsic value and the current common share price. The exchange offer provides shareholders with liquidity and a fixed-income instrument, while enabling the company to repurchase a substantial portion of its shares at what it views as a significant undervaluation.