Ethereum co-founder Vitalik Buterin wrote on Warpcast: “The idea of developing applications just because we need applications is fundamentally soulless and completely abandons the idea that cryptocurrency is about making concrete changes to the world, making it more free, open and cooperative. At the same time, ignoring applications and focusing on versatility is also a short-term escape strategy.

Last week (November 18 to November 2, US Eastern Time), Bitcoin spot ETFs had a net inflow of $3.38 billion last week. Among them, Grayscale ETF GBTC had a net outflow of $52.85 million, and the current historical net outflow of GBTC is $20.33 billion.

Axie Infinity developer Sky Mavis has announced a 21% layoff of its staff. With a global team size of around 250, this decision will affect around 50 employees.

Ethereum co-founder Vitalik Buterin said in an interview with Tencent News "Qianwang" that OpenAI has now become CloseAI. Today, another problem has emerged: First, they sacrificed their open source for security; then this year, they sacrificed their security for profit. Last year, the company and the board of directors clashed, and after the conflict, it seemed that Sam Altman (OpenAI CEO) won. Recently, they announced that they would change from a non-profit to a for-profit company and reduce the power of the board of directors - it can be said to be reduced to the level of advisors. This makes me more worried. This reminds me of a saying of a founding father in the United States: You cannot sacrifice freedom for security. If you do this, you will find that you will have neither security nor freedom. Looking at OpenAI's behavior, it seems that this has happened.

The head of South Korea’s top financial regulator has “temporarily” dismissed the idea of establishing a national Bitcoin reserve. Kim Byung-hwan, chairman of the Financial Services Commission (FSC), made the remarks in a television interview Nov. 24.

Andrew Kang, partner of Mechanism Capital, wrote on the X platform in the early morning: "The current decentralized science (DeSci) field feels like the DeFi era in early 2019. Although everything is still in its infancy and very experimental, everyone involved can feel its huge potential. Current projects may not use the same model or products in the future because they are being developed through iterations. Maker, Synthetix, and Aave were also some bulky small-cap projects in 2019, but now they have grown into large protocols. Here are some of the most interesting projects I think: BIO Protocol, Pump Science, GLP1."

Digital bank ZA Bank announced that it has become the first bank in Asia to provide cryptocurrency trading services to retail users. Starting today, it will provide the trading of two virtual currencies, Bitcoin and Ethereum, in Hong Kong dollars and US dollars on its app.

PANews reported on November 24 that Token Unlocks data showed that IMX, ADA, APEX and other tokens will usher in large-scale unlocking next week, among which: Immutable (IMX) will unlock about 24.52 million tokens at 8:00 am Beijing time on November 29, which is 1.47% of the current circulation and worth about 40.5 million US dollars; Cardano (ADA) will unlock about 18.53 million tokens at 8:00 am Beijing time on November 26, which is 0.05% of the current circulation and worth about 18.9 million US dollars; ApeX (APEX) will unlock about 9.24 million tokens at 8:00 am Beijing time on November 27, which is 19.09% of the current circulation and worth about 17.8 million US dollars; Yield Guild Games (YGG) will unlock about 14.08 million tokens at 10:00 pm Beijing time on November 27, which is 3.65% of the current circulation and worth about 8.6 million US dollars; Ethena (ENA) will unlock about 12.86 million tokens at 3:00 p.m. Beijing time on November 27, which is 0.45% of the current circulation and worth about $7.8 million; SingularityNET (AGIX) will unlock about 7.95 million tokens at 8:00 a.m. Beijing time on November 28, which is 2.25% of the current circulation and worth about $5.1 million; Artificial Superintelligence Alliance (FET) will unlock about 3.45 million tokens at 8:00 a.m. Beijing time on November 28, which is 0.13% of the current circulation and worth about $5 million; Eigenlayer (EIGEN) will unlock about 1.29 million tokens at 3:00 a.m. Beijing time on November 27, which is 0.69% of the current circulation and worth about $3.5 million; Velo (VELO) will unlock about 182.8 million tokens at 8:00 a.m. Beijing time on November 28, which is 2.47% of the current circulation and worth about $3.3 million; Hooked Protocol (HOOK) will unlock approximately 4.17 million tokens at 8:00 a.m. Beijing time on November 25, which is 2.05% of the current circulation and worth approximately US$2.3 million; Venom (VENOM) will unlock approximately 33.76 million tokens at 4:00 p.m. Beijing time on November 25, which is 1.79% of the current circulation and worth approximately US$2.2 million; Crown by Third Time Games (CROWN) will unlock approximately 4.63 million tokens at 8:00 a.m. Beijing time on November 29, which is 2.11% of the current circulation and worth approximately US$1.7 million.