Bitwise Asset Management Inc. has acquired Ethereum staking service provider Attestant, aiming to expand beyond its core business. The specific terms of the transaction have not been disclosed. After the transaction is completed, Bitwise's asset management scale will reach US$10 billion. In addition, 11 employees of Attestant will join Bitwise.

Yesterday (November 12, EST), the Ethereum spot ETF had a total net inflow of $136 million. As of press time, the total net asset value of the Ethereum spot ETF was $9.671 billion, and the ETF net asset ratio (market value to the total market value of Ethereum) reached 2.44%, and the historical cumulative net inflow has reached $94.6195 million.

Yesterday (November 12, EST), Bitcoin spot ETFs had a total net inflow of $818 million. As of press time, the total net asset value of Bitcoin spot ETFs was $94.016 billion, and the ETF net asset ratio (market value to the total market value of Bitcoin) reached 5.31%, with a historical cumulative net inflow of $27.72 billion.

PNUT, a meme coin based on a squirrel, is now trading at $0.828, with a 24-hour increase of 88.9% and a market value of over $800 million.

During Thailand Blockchain Week, multiple media platforms in the Asia-Pacific region officially launched Layer East Media, a strategic alliance that aims to elevate and bring Western Web3 narratives to the Asia-Pacific region. The eight founding members of the alliance - HashKey Capital, Decrypt, Coinpost, Bitcoin Addict (Cryptomind Group), Coin68, PANews, Odaily, and Coinvestasi - signed a memorandum of understanding, marking a unified approach to responsible reporting, cooperation, and innovation in the blockchain space. Other members of Layer East Media include Crypto Times, Tokenpost, CoinNess, Foresight News, Blockbeats, Techflow, Chaincatcher, Blocktempo, and Wu Blockchain. Looking ahead, Layer East Media plans to expand its network through collaborative events, exclusive interviews, and regional content initiatives.

In response to netizens questioning the "necessity of the U.S. government's efficiency department," Musk said: "The United States was saved by a squirrel and meme coins."

Japanese brokerage and crypto exchange operator Monex Group announced today that the registration statement (Form F-4) submitted by its subsidiary Coincheck Group BV (CCG) to the U.S. Securities and Exchange Commission (SEC) became effective on November 12, which will greatly advance the crypto exchange's listing process on the Nasdaq in the United States.

Musk released the DOGE logo, which is a Shiba Inu with the words "Department of Government Efficiency". He also posted: "Making Government Fun Again!"

Wang Feng, founder of Linekong Interactive, wrote on his X platform: "Why did Linekong Interactive buy Bitcoin and what to do next? I will give five unified answers here: 1. We hold Bitcoin strategically. We are optimistic about Bitcoin network applications, decentralized finance, and crypto assets that empower real assets and Web3 applications. 2. I am an avid believer in encryption technology and have launched Marsbit, Consensus Labs (LK 3. I am very happy that Bitcoin has reached a new level of nearly $90,000 today. Our first purchase price was $26,000, and we have continued to purchase Bitcoin since then. I first pushed Linekong to buy Bitcoin at more than $4,000, but it was difficult for our board of directors to execute it at that time. 4. We will certainly disclose the progress of linear reduction at the right time; crypto assets are like stocks, the market is always volatile, and once the reduction is tactical; if the reduction is today, it must be for tomorrow's increase. 5. We are optimistic about Bitcoin in the long term; and we are very optimistic about the possibility of substantial growth this year or in the first quarter of next year. "

10x Research released a new report saying that there has been a huge explosion in retail cryptocurrency trading in South Korea, with the Upbit exchange reaching $18.6 billion in trading volume, not including another $7.3 billion traded on Bithumb. Overall, South Korean retail traders traded more than $26 billion on spot exchanges, while the trading volume of all local stocks in South Korea was only $14 billion - 85% higher than stock trading volume. Since Trump's election, Dogecoin has become the most traded cryptocurrency, with $8 billion traded in the past 24 hours - accounting for 57% of all stock trading in South Korea. The $18.6 billion trading volume on Upbit has exceeded the $16.2 billion in early March.

Trump said he would nominate TV host Pete Hegseth (born June 6, 1980) as U.S. Secretary of Defense. Pete graduated from Princeton University and has a graduate degree from Harvard University. He is a U.S. Army veteran and has hosted a show on Fox News for 8 years.

US President-elect Trump announced that Musk and Vivek Ramaswamy (Trump proxy) will lead the Department of Government Efficiency (DOGE for short).

US President-elect Donald Trump has hinted that he will bypass the Senate's confirmation process to appoint members of his administration, which appears to include replacing Securities and Exchange Commission (SEC) Chairman Gary Gensler. In a Nov. 10 X post, Trump said that only he has the power to choose which US senator will serve as Senate majority leader starting when the new Congress is sworn in in January 2025. The Republican said he hopes potential majority leaders will agree to make appointments during recess to bypass the confirmation process and put people in key positions "right away" instead of going through questioning and scrutiny by lawmakers.