Phase One: The Giggle token will transition to a deflationary model in the future, marking a dual commitment to the community and charity

On November 5th, Monad Co-founder Keone Hon announced that at 21:30 (UTC+8) today, the Monad testnet will upgrade from the behavioral revision version MONAD_SIX [v0.11.6-tn1] to MONAD_SEVEN [v0.12.0]. The following behavioral changes are included in this upgrade: Opcode/Precompiled Contract Pricing (the gas cost for cold storage access is increased; the cost for certain precompiled contracts is increased). Monad will complete all expected behavioral changes before the launch of the mainnet, and the full changelog will be released soon.

On November 5th, KobeissiLetter issued a market analysis indicating that nearly all asset classes are declining today, and all intraday rebound attempts are being sold off, resulting in widespread profit-taking. Nevertheless, there has been no alteration in fundamentals. Even the healthiest bull markets encounter several downturns. Although the S&P 500 index has an annual average return of 10%, it experiences at least three declines of 5% or more each year. The current scenario is that the capital expenditure of the seven giants of the US stock market will reach more than $500 billion annually. The interest rate reduction cycle has also arrived, and monetary easing has become a fact. Additionally, the artificial intelligence revolution is accelerating. Short-term declines should be regarded as noise and ignored.

On November 5th, based on HTX market data, due to Upbit's listing of the MMT KRW trading pair, MMT experienced a short-term spike reaching $1.5 and is currently trading at $1.42.

On November 5th, the Upbit platform will commence the listing of the MMT/KRW trading pair.

On November 5th, as monitored by Onchain Lens, a whale withdrew 108,158 SOL from OKX. This amount is approximately worth $16.2 million and was then staked. From August 22, 2025 (assuming this is a specific date in the American date format), the whale has cumulatively withdrawn and staked a total of 316,826 SOL. Currently, this is valued at around $57.19 million. It is facing an unrealized loss of approximately $7.3 million.

On November 5th, as per Decrypt, the former Australian Rugby League star Trent Merrin was apprehended for purportedly stealing cryptocurrency worth $91,000 USD (approximately AU$140,000). The police accused him of employing fraudulent means to transfer funds from the victim's account. This arrest took place as Australian regulators intensified their efforts in enforcing cryptocurrency crimes. Merrin was granted bail and is scheduled to make an appearance in the Port Kembla Local Court on December 3rd. The former forward for the St. George Illawarra Dragons, Penrith Panthers, and Leeds Rhinos retired from the Australian Rugby League in 2021 after a 15-year career. He has represented New South Wales and the Australian national team. After his retirement, Trent Merrin has been actively engaged in business activities within the cryptocurrency and health & wellness domains. His LinkedIn profile characterizes him as "an individual committed to entrepreneurship and investment, having a passi