Analyst: BitMine's ETH Holding Cost is $3637.79, currently with an unrealized loss of $658 million

On November 12th, according to HTX market data, Bitcoin saw a rebound and surpassed $104,000. The 24-hour decrease was narrowed to 0.85%.

November 12th. As per the official announcement, at 21:00 (UTC+8) today, Binance Alpha airdrop is eligible for claiming. Users who hold at least 230 Binance Alpha points can claim the token airdrop on a first-come, first-served basis. It remains available until the airdrop pool is exhausted or the event comes to an end.

On November 12th, as per EmberCN's monitoring, the whale address that had previously "borrowed coins to short 66,000 ETH" borrowed an additional 80 million USDC from Aave two hours ago and transferred it to Binance. Subsequently, it withdrew 30,549 ETH (approximately $105 million). The amount of ETH it has accumulated within a week has now reached 385,706 ETH (approximately $1.32 billion).

On November 12th, OKX announced that it will delist the BAL, PERP, FLM, DEP, NC, and LOOKS spot trading pairs on November 22 from 4:00 PM to 6:00 PM (UTC+8).
OKX has suspended the deposit operation of the above-mentioned coins since 4:00 PM (UTC+8) on November 12, 2025.

On November 12th, A16z Crypto presented a proposal to U.S. Treasury officials. It called for the clarification of key definitions in the new stablecoin regulations. The company argued that decentralized digital assets should be exempt from regulation in order to promote innovation. In a letter sent to Treasury Secretary Scott Bessent on November 4th, the firm responded to the proposed rulemaking notice issued earlier this year under the GENIUS Stablecoin Act. A16z Crypto praised the GENIUS Act in the letter, considering it a "significant step towards the future of digital finance." At the same time, it called for clarification on whether decentralized stablecoins are outside the scope of the Act. By citing LUSD backed by Ethereum collateral as an example, the company argued that decentralized stablecoins are issued through autonomous smart contracts and are not controlled by a central entity. The letter pointed out: "The Treasury should clearly state that, since decentralized stablec

On November 12th, the global payment giant Visa announced the official launch of a new pilot program. This program enables businesses to directly send payments to users in stablecoins. The first batch of supported stablecoins is USDC issued by Circle. The aim of this program is to provide nearly instantaneous cross-border payments to creators, freelancers, and workers in the gig economy. With businesses sending fiat, recipients have the option to receive in USDC. Visa claims that this "pioneering" pilot program will allow US businesses and platforms to send payments via Visa Direct with fiat as the funding source, while recipients can choose to receive the funds in USDC. For recipients, this indicates that they can receive income more quickly and without borders. This is particularly valuable in regions with significant currency volatility or inadequate banking infrastructure.