Cryptocurrency stocks fell 11% -14% this week

This week, BTC and ETH ETFs experienced outflows of $1.2 billion and $507.7 million, respectively, with SOL being the only asset to receive inflows of $136.6 million. （Cointelegraph）

[Ethereum MEV Case Involving $25 Million Declared Mistrial Due to Jury Deadlock] On November 8, the federal court in New York declared a mistrial in the case against Anton and James Peraire-Bueno after the jury failed to reach a unanimous verdict on guilt or innocence. The two were accused of being involved in an Ethereum on-chain MEV attack in 2023, which generated approximately $25 million in profits within about 12 seconds. Prosecutors alleged their actions constituted 'bait-and-switch' fraud and money laundering, while the defense argued that such transactions are a form of on-chain 'front-running' strategy. The trial lasted three weeks but ultimately ended in a hung jury due to differing opinions.

[ZachXBT Accuses Crypto KOL Brandon Hong of Faking Investment Profit Screenshots] On November 8, crypto investigator ZachXBT posted that well-known crypto KOL Brandon Hong (@brandank_cr) was found last year to have faked investment profit screenshots and questioned why so many people still trust him and are willing to pay to join his community.

[OpenAI Reportedly Requests Government Loan Guarantee, Contradicting CEO's Statement] November 8 news: On October 27, OpenAI submitted an 11-page letter to the White House Office of Science and Technology Policy, requesting government loan guarantees and direct financial support for AI infrastructure development. However, just 10 days later, OpenAI CEO Sam Altman publicly stated on social media that 'OpenAI does not need or want government guarantees,' adding that 'taxpayers should not bear the cost of companies' poor business decisions.' Previously, OpenAI CFO Sarah Friar mentioned during an event that federal guarantees could reduce the financing costs of AI infrastructure, but the remarks were quickly retracted due to controversy. This incident has sparked questions about Altman's transparency.

[Bitdeer Weekly Mining Output: 115.9 BTC, Total Holdings Increase to 2268.3 BTC] Bitcoin mining company Bitdeer stated that as of November 7, its Bitcoin holdings had increased to 2268.3 BTC (excluding customer deposits). This week's Bitcoin mining output was 115.9 BTC, while 80.8 BTC were sold, resulting in a net increase of 35.1 BTC.