Coinbase CEO: Token Sale Platform Will Combat "Scalping" and Other Violations

On November 12th, Sui announced that it is going to launch the native stablecoin USDsui of the ecosystem. This stablecoin will be issued by Bridge, a subsidiary of Stripe. USDsui will be launched later this year and will be usable in all wallets, DeFi protocols, and applications constructed on the Sui ecosystem once it is released. Furthermore, USDsui will also be interoperable with other Bridge-based stablecoins on mainstream platforms like Phantom, Hyperliquid, and MetaMask.

On November 12th, US House Majority Leader Scalise: It is expected that the House will vote on a bill to end the US government shutdown around 7 pm on Wednesday (8:00 Beijing time the next day). (IG)

On November 12th, Coinbase officially submitted a filing to the U.S. Securities and Exchange Commission (SEC), announcing the transfer of its corporate headquarters from Delaware to Texas. This move indicates that Coinbase has joined the ranks of many tech giants in recent years (such as Tesla and SpaceX under Musk) in leaving Delaware. Coinbase stated in its announcement: "We have selected Texas instead because Texas has become a center for innovative companies. It is a pity that this has happened, but Delaware has left us with no alternative." Delaware has long been the preferred state for U.S. company incorporation, with more than 60% of Fortune 500 companies registered there. In January 2024, a Delaware judge, Kathaleen McCormick, rejected Musk's Tesla compensation plan (initially valued at approximately $56 billion and later adjusted to $1 trillion), deeming it unfair to shareholders. This case set off a chain reaction, with Musk openly criticizing the Delaware judicial environme

On November 12th, as per an official announcement, Bitget has made the announcement of the launch of U-Index-based BEAT perpetual contracts, with the leverage ranging from 1 to 25. The contract trading BOT will also be made available simultaneously.

On November 12th, U.S. Treasury Secretary Benson stated that U.S. President Trump had discussed providing a $2,000 tax rebate to families with an income of less than $100,000, and it was expected that the large-scale rebate would arrive in early 2026. There are several options for distributing the tariff dividend, and the matter of the tariff dividend is currently under discussion with no decision made yet. On November 9th, Trump said, "Anyone who is opposed to tariffs is a fool! Now we are the wealthiest and most respected country in the world. We have an almost zero inflation rate and the stock market has hit a historical high. 401k retirement account balances have also reached an all-time high. With trillions of dollars in income every year, we will soon be able to start paying off the huge $37 trillion debt. Investment in the U.S. has reached a historical high, with factories and businesses emerging like mushrooms after rain. A dividend of at least $2,000 will be paid to everyone

November 12th: Presently, Tang Kriang Kai, a Cambodian Chinese national and a transnational criminal engaged in an illegal blockchain fundraising project, was accompanied by the Thai police to Bangkok Suvarnabhumi Airport and extradited to China. Prior to this, on November 10th, the Office of the Attorney General of Thailand declared that the Appeals Court affirmed the ruling of the first-instance court to extradite Tang Kriang Kai to China for trial regarding his illegal activities such as operating an illegal casino, which violated Chinese law. Tang Kriang Kai's principal crime was to establish and operate 239 illegal gambling websites, with the involved funds amounting to more than 1.263 trillion Thai Baht (approximately RMB 2.77 trillion). He had been engaged in gambling and telecom fraud activities for a long time in Myanmar's Myawaddy KK Special Economic Zone and the "Asia Pacific New City," luring Chinese citizens to participate in illegal transactions through online platforms.