Note: The X account is not owned by the original Enron entity. Users should be aware of the risk.

On November 18th, as reported by Decrypt, Vitalik took the main stage at the Ethereum Devcon Argentina conference on Monday and was highly critical of former FTX CEO SBF. Vitalik pointed out that FTX has completely strayed from the ethos represented by Ethereum: he believes that Ethereum is decentralized, "cannot be evil," and is a community. In contrast, FTX relies on a centralized structure, requiring users to "trust the platform not to be evil."

On November 18th, based on Farside Investors' monitoring, a total net outflow of $15.536 billion was observed in BlackRock's IBIT over the past 10 trading days. This breakdown is as follows: - There were net outflows on 8 trading days, with a total of $18.902 billion. - There were net inflows on 2 trading days, totaling $3.366 billion.

On November 18th, the mainstream crypto treasury (DAT) company mNAV all dropped below 1. These include: The Strategy (MSTR) has an mNAV (Enterprise Value to Bitcoin Holdings Value ratio) which is currently at 0.937. The market value of Strategy has decreased to $56 billion, and its current holdings of 649,870 BTC are valued at $59.9 billion. The mNAV of Metaplanet is currently at 0.912. The market value of Metaplanet has fallen to $2.61 billion, and its current holdings of 30,823 BTC are valued at $2.84 billion. Bitmine (BMNR) ranks first in Ethereum institutional holdings and is currently holding about 3.51 million ETH, which is approximately valued at $10.63 billion. Its market value has dropped to $8.81 billion, and the mNAV is currently at 0.83. SharpLink (SBET) ranks second in Ethereum institutional holdings and is currently holding 860,000 ETH, which is approximately valued at $2.61 billion. Its market value is $2.02 billion. The mNAV is currently at 0.84.

On November 18th, as monitored by Onchain Lens, within the past 24 hours, a whale has used 31.16 million USDT to purchase 10,275 ETH at an average price of 3,032 USD.
Since November 12th, the whale has spent a total of 41.89 million USDT to buy 13,612 ETH at an average price of 3,077 USD.

On November 17th, according to official information, the cryptocurrency platform KuCoin announced the formal establishment of its Australian headquarters in Sydney and appointed James Pinch as the Australian Managing Director to lead the local team in promoting business expansion, regulatory compliance, and security and product innovation. This action shows KuCoin's long-term commitment to the Australian market, aiming to serve local users with higher levels of security and transparency and to strengthen its connection with the Australian crypto community. Meanwhile, KuCoin will also participate as a sponsor at the 2025 Australian Crypto Convention this week and actively promote industry exchanges and development.