After the announcement of the Q3 financial report, pre-market trading of Circle stock on the US stock market reversed from gains to losses.

On November 12th, according to a report by Caixin, Qian Zhimin, the mastermind behind a 60,000 BTC money laundering case, was sentenced to 11 years and 8 months in prison at Southwark Crown Court in the UK on Tuesday. Since Qian Zhimin was remanded in custody on April 23, 2024, and about 18 months have passed, this time will be directly deducted from his total sentence. According to the UK's "automatic release halfway" rule, ordinary offenders with fixed sentences can transition to the community supervision stage after serving half of their sentences. Based on this calculation, it is expected that she will be released in late February 2030. In addition, Qian Zhimin will also be subject to a 5-year Serious Crime Prevention Order (SCPO), which will take effect upon her release. Analysts point out that Qian Zhimin's sentencing marks the end of the criminal aspect of this case, but the real complexity of how to handle the 60,000 bitcoins has just begun.

On November 12th, Morgan Stanley presented an analysis of Tesla's future stock price within 6 to 12 months. It was stated that the key drivers of Tesla's stock price in the upcoming year would involve: xAI Association: The financial and strategic connection between Tesla and Musk's AI startup xAI is of great significance as they share data and software synergies; Full Self-Driving (FSD): Musk claimed that version 14.3 would enable the driver to "send texts while driving," which marks a significant milestone in algorithmic driving; Chip Production: Musk hinted that Tesla might construct its own chip factory to ensure the supply of AI and strengthen vertical integration. AI Network Vision: Tesla has the potential to transform idle vehicles into a distributed AI cloud, forming a vast "cluster" intelligent network. Morgan Stanley mentioned that these developments could serve as potential long-term catalysts for Tesla's valuation and technological leadership. Previously, on November 7

On November 12th, according to the report in "Fortune", the crypto blockchain Seismic announced the completion of a $10 million funding round. This round was led by a16z crypto and participated by Polychain, Amber Group, TrueBridge, dao5, and LayerZero. Before this, on March 6, 2025 (it should be noted that there may be an error in the date as 2025 is in the future and it's not clear if this is a typo or a specific planned date), Seismic announced the completion of a $7 million seed round. This seed round was led by a16z crypto and participated by Polychain Capital, 1kx, dao5, and NGC Ventures.

On November 12th, as per TheBlock, Liz Martin, a former partner at Goldman Sachs, has joined Coinbase as the Vice President of Product. She is in charge of the market and derivatives business. She will lead the next stage of growth for Coinbase's derivatives business and manage its global market team.

On November 12th, as per an official declaration, Robinhood EU has initiated DOGE and SUI perpetual contracts, and the maximum leverage offered is 7x.

On November 12th, as per Businesswire, Empery Digital, a publicly listed Bitcoin treasury company, presented its 2025 third-quarter financial report. Under its stock buyback plan, the company has repurchased 11,082,934 shares of common stock with an average repurchase price of $7.36 per share, amounting to approximately $80 million. Presently, the company has expanded the size of its stock buyback plan to $150 million.