Muneeb Ali, co-founder of the Bitcoin Layer2 network Stacks and CEO of Trust Machines (which builds applications on Bitcoin and related networks), has announced on X platform that the network's upcoming sBTC token upgrade may be released as early as next month. "The target is early December, which seems to be in line with the sBTC v1 plan, and there will be more upgrades in January and beyond," Ali wrote. According to Stacks' announcement, Stacks' sBTC will "enable smart contracts to programmatically send sBTC to BTC addresses, anchoring it as BTC." In short, sBTC will compete with other forms of wrapped Bitcoin, such as wBTC and cbBTC, which are provided by centralized custodians. Stacks believes that sBTC's novel decentralized bi-directional anchoring will unlock value by providing a more decentralized alternative that better aligns with Bitcoin's decentralized ideals. (The Block) Previously, Muneeb Ali wrote on the X platform, "We have established a new Stacks entity 'Bitcoin L2 Labs', which has raised $20 million in funding and is focused on core development. Adriano DiLuzio (formerly of Algorand Labs) will serve as CTO and lead the development work on Stacks' core and SBTC."

According to a report from international media, Steven Mnuchin, who served as the Treasury Secretary during Trump's first term as president, said that he will not join the new Trump administration but is willing to provide advice on how to strengthen sanctions against Iran and Russia and control the growth of US debt. Mnuchin said in an interview that the US Treasury Department must work hard to strengthen its trade policy. Mnuchin refused to disclose the popular candidates for Treasury Secretary. Earlier, Trump also said that his then-Secretary of State Pompeo would not join the cabinet. As for whether Robert Lighthizer, the current trade representative, will be invited to continue in that position, international media reports are conflicting. 

FOX Business journalist Eleanor Terrett posted on X, stating that Yadira Caraveo, the current Democratic representative in Colorado, was one of the few losers supported by the Fairshake Super Political Action Committee in this election. Fairshake spent over $2 million on advertising to support Caraveo, but Caraveo lost to Republican opponent Gabe Evans in the campaign this afternoon. The Republicans are now approaching a majority in the House of Representatives.

today's panic and greed index is 76, and the level is still extremely greedy. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market survey (15%) + proportion of Bitcoin in the entire market (10%) + Google keyword analysis (10%).

On November 11th, according to CoinGecko data, as DOGE rose to $0.292, its market value reached $42.3 billion, surpassing USDC ($36.9 billion).

the market shows ORDI has broken through $40 and is now trading at $40.05, with a 24-hour increase of 6.18%. The market is volatile, please be cautious with risk control.

the market shows ETH has broken through $3200 and is currently trading at $3200.19, with a 24-hour increase of 2.63%. The market is volatile, so please be prepared for risk control.

Edison Research Institute predicts that the Republican Party will win another seat in the House of Representatives, bringing the total number of seats to 214, while the Democratic Party will have 205 seats. A total of 218 seats are needed to control the House of Representatives. 

the NFT trading volume reached $95.72 million this week, an increase of 14.99% from the previous week. The trading volume had been declining in the past few weeks. However, the number of buyers decreased by 90.21% this week, while the number of NFT sellers decreased by 88.80%. Ethereum had the highest sales volume on the blockchain this week, reaching $31.14 million, an increase of 13.25%. Following closely behind is NFT sales centered around Bitcoin, with a sales volume of $26.01 million, ranking second. Solana ranked third with a sales volume of $12.97 million from November 2 to November 9.

the market shows that the ETH/BTC exchange rate has broken through 0.04 and is now reported at 0.0406, with a 24-hour increase of 4.61%.

the market shows ORDI has broken through $38, currently trading at $38.02, with a 24-hour increase of 6.8%. The market is volatile, please do risk control.

according to the Financial Times, Trump has ruled out the possibility of nominating Mike Pompeo (who served as US Secretary of State during Trump's previous term) and Nikki Haley (former US Ambassador to the United Nations) for his second cabinet.

according to the market data, BTC has surpassed $77,000 and is currently trading at $77,011, with a 24-hour increase of 0.78%. The market is volatile, so please be prepared for risk management.

as monitored by on-chain analyst Yu Jin, another Pendle team address has transferred 1.4 million PENDLE tokens (worth $7.74 million) into Binance in the past half hour. Combined with the 625,000 PENDLE tokens transferred out by another team address the day before yesterday, a total of 2.025 million PENDLE tokens (worth $11.11 million) from the team have flowed into Binance in the past day.

 Paradigm has transferred LDO for the fourth consecutive day. Two hours ago, they transferred 10.38 million LDO (worth 13.3 million USD) to Coinbase Prime, as monitored by on-chain analyst Yu Jin. Since the price increase on November 7th, they have been transferring LDO purchased from the Lido Treasury at a price of 0.76 USD per coin. Of the 70 million LDO purchased, 36.51 million (worth 4.79 million USD) have been transferred to Coinbase Prime at an average price of 1.31 USD per coin.

according to the market, ETH has broken through $3100 and is now trading at $3122.5, with a 24-hour increase of 4.87%. The market is volatile, so please be prepared for risk control.

former partner of ParaFi Capital, Santiago Roel Santos, announced the launch of a new private equity fund, Inversion Capital, which will "acquire traditional businesses that can benefit from transforming their business models through the adoption of encryption mechanisms." Santos believes that encrypting traditional businesses can help them operate better, faster, and cheaper. Some businesses can benefit from adopting encryption tools to address coordination problems that "manifest as higher operating costs, capital expenditures, or declining unit economics." He explained that whether business owners are willing to accept cryptocurrencies is not important because Inversion Capital will not become an investment partner, but will directly acquire these businesses.

decentralized derivatives trading platform dYdX announced that it will launch an upgraded version called dYdX Unlimited in November. The upgrade will include permissionless market listings, MegaVault (which obtains liquidity from dYdX users and acts as a market maker for all dYdX Chain markets), and the Affiliates Program. The company also stated that it plans to release a series of other enhanced features in the coming months, including new integrations with popular wallets and third-party services, permission keys, instant deposits, and more innovative features.

According to data monitored by Lookonchain, two whales deposited 226,741 TRB coins (worth $12.18 million) into OKX in the past 12 hours, accounting for 8.42% of the total supply.