Bitcoin is undergoing a correction, with altcoins seeing sharp declines; BOME has dropped over 30%, while ENA and NEAR have both fallen more than 13%.

Jiang Zhuoer, founder of LeBit Mining Pool, stated in a post that the bull market is undoubtedly still underway, with a host of on-chain and long-term indicators signaling the end of the bear market. He pointed out that the $57,758 low hit in July this year marked the bottom of the current bear cycle. The only remaining question is where the current pullback will stall: at the 50% Fibonacci retracement level of $72,500, or the 61.8% level of $69,000 to $70,000. Jiang also reviewed his recent trading moves: After the Binance hack, he bought the dip on small-cap DeFi tokens at $76,600. From the perspective of holding spot assets for a three-year long term, this position is sound; entering the bull market early and pursuing "vague correctness" means moderate pullbacks are tolerable. However, he noted that investors should not go all-in long on Bitcoin at the same time. Such short-term trades require greater patience, and he should have taken profits when Bitcoin rebounded to $80,500 on November 5 and then trended lower from the high. Jiang plans to reduce mixed long-short and directional trades going forward, exiting positions to wait for the trend to unfold. If Bitcoin falls further to $70,500, he will liquidate his hedge short positions opened at $73,000.

According to data from BIT Stock Platform, U.S. cloud computing services providers rallied across the board, boosted by CoreWeave's earnings release. Roundhill Neocloud ETF (NCLD.US) rose 12%, NEBIUS (NBIS.US) gained over 12%, while IREN Ltd (IREN.US) and Oracle (ORCL.US) jumped more than 5%.

According to data from the BIT Stock Platform, at the opening of U.S. stock trading, the Dow Jones Industrial Average rose 0.2%, the S&P 500 gained 0.9%, and the Nasdaq Composite increased 1.56%. Coreweave jumped 14.5% following better-than-expected earnings results. Nvidia rebounded 2.6% today, ending two straight days of declines. Chip stocks were broadly higher, with SK Hynix up 7.6%. The semiconductor and storage sectors were generally strong at the open. Seagate Technology (STX) rose 8.22%; Western Digital (WDC) gained 6.71%; SanDisk (SNDK) climbed 8.93%; Micron Technology (MU) increased 6.92%; Nvidia (NVDA) added 2.75%; Intel (INTC) rose 6.33%; and Advanced Micro Devices (AMD) was up 3.52%. Crypto-related stocks saw modest gains at the open. Strategy (MSTR) rose 0.40%; Coinbase (COIN) gained 1.84%; Circle (CRCL) increased 1.60%; BitMine (BMNR) climbed 1.96%; and SharpLink (SBET) added 1.97%. The optical communications sector led opening gains. FOTO rose 6.72%; Marvell Technology (MRVL) gained 8.34%; Applied Optoelectronics (AAOI) climbed 8.32%; Lumentum (LITE) increased 10.67%; Coherent (COHR) added 8.49%; Ciena (CIEN) rose 8.82%; Fabrinet (FN) gained 5.80%; and AXT (AXTI) jumped 12.39%.

Rezaei, Secretary of Iran's Supreme National Security Council, stated: "We are developing nuclear-powered ships and submarines, so we need to possess enriched materials. If the United States attacks Iran, we will not only strike nearby U.S. military bases, but also hit distant U.S. military bases that we have not targeted before."

Scroll released a report on its governance forum stating that it received a bug bounty report on November 3 targeting the Bundle proof verifier deployed on Ethereum Mainnet. On November 10, the team registered the patched verifier for Batch Version 10, and confirmed the vulnerability had not been exploited on Scroll’s mainnet. The announcement explained that older verifier versions, when making calls to the OpenVM 2.0 Halo2 verifier, treated the first four bytes of the proof provided by the caller as the function selector. If the proof started with a specific selector, it could bypass the intended fallback path, allowing an old valid proof to be accepted as a new public input, which would enable the final confirmation of any state root and withdrawal root. Exploiting the vulnerability required either an authorized prover role, or the forced batch mode that activates after seven consecutive days without final confirmation. Scroll noted that forced mode was never activated, all 748 final confirmations during the vulnerability’s existence used regular proofs, and earlier verifier versions were not impacted.

According to GMGN data, meme coin "mihao" briefly hit a $24 million market cap, surging over 30 times in 24 hours, with its current market cap standing at $22 million and trading volume reaching $53 million in the same period. This evening, prominent trader Ansem posted a bullish call on the meme coin "mihao", triggering a short-term rally. Ansem said "mihao" is expected to reignite positive on-chain sentiment, noting the token’s avatar-based community attributes that facilitate social dissemination and community expansion, plus its Chinese elements, which could attract both Eastern and Western crypto whales to buy in. Ansem also claimed the on-chain market has bottomed out. Earlier today, Ansem changed his X profile picture, which references the meme coin "mihao" — modeled after a cat that speaks the Chinese pinyin "nihao". BlockBeats reminds users that related tokens are highly volatile, so investors should exercise caution.