According to Bloomberg, Aurelien Michel, the developer of the MAYC replica MutantApePlanet series of NFTs, avoided jail time for defrauding buyers. The judge said it was difficult to determine how much money buyers actually lost, so he avoided jail time for defrauding buyers. Aurelien Michel, 26, pleaded guilty to wire fraud in November last year, admitting that he falsely promised "exclusive" benefits to thousands of NFT buyers. Prosecutors from the office of Breon Peace, U.S. Attorney in Brooklyn, New York, said he abandoned the project after raising $2.9 million. Federal prosecutors asked for a 37-month prison sentence, but the judge ultimately sentenced him to one month in prison, a $15,000 fine and a $1.4 million confiscation.

DWF Labs co-founder Andrei Grachev said on the X platform that he was shocked when he saw the surveillance video. This is the worst thing a person can do. Eugene Ng should be severely punished. We have withdrawn our funds from (OpenEden) and are considering taking further legal action against Eugene Ng.

The U.S. government is negotiating to recover up to $13.25 million in political donations from former FTX executives, according to a new federal court filing. The filing, approved by Judge Lewis Kaplan, who is trying the criminal case against former FTX executive Sam Bankman-Fried and his associates, asks the government to continue negotiations with multiple political action committees (PACs) until January 15.

According to SEC documents, 21Shares has submitted an S-1 application and plans to launch the first XRP exchange-traded fund (ETF), "21Shares Core XRP Trust". The fund will track XRP prices and plans to be listed on the Cboe BZX exchange. The trust does not involve leverage or derivatives and aims to reflect the dollar performance of XRP through the CME CF Ripple-Dollar reference rate (New York version). Coinbase Custody will serve as the XRP custodian of the trust and will be responsible for the safekeeping of all assets.

PANews reported on November 1 that Grayscale announced that its XRP Trust Fund is now open to qualified accredited investors, providing investment opportunities in XRP. XRP is the core token of the XRP Ledger, a distributed network that supports cross-border payments.

Alessandro Giori, senior strategic partnership manager at Tether, said that TON is the fastest blockchain to reach $1 billion in USDT since its launch, with an average daily transaction volume of 160,000 transactions, 7.6 million USDT wallets, and more than 100 crypto platforms have integrated USDT on TON.

Non-farm payrolls cooled sharply. The seasonally adjusted non-farm payrolls in the United States in October were 12,000, the smallest increase since December 2020. The U.S. unemployment rate remained unchanged in October.

According to the terms of the settlement, Evolve Bank will return approximately $12.77 million to FTX and retain $462,700 as compensation costs. In addition, the bank will waive all claims against FTX. The Silicon Valley Community Foundation agreed to return $8.57 million in cash and 34,208.70 FTT tokens to avoid litigation. The foundation previously raised part of the funds by selling donated FTT for external donations, and now has a partial balance.

According to on-chain detective ZachXBT, the crypto exchange M2 was hacked yesterday and about $13 million was stolen from hot wallets on multiple chains.

The SMILE token distribution is as follows: bitSmiley DAO accounts for 26%, user incentives account for 21.5%, the team and advisors account for 12.5%, staking and liquidity account for 12.5% and 7.5% respectively, and the rest is allocated to investors, airdrops and launchpads.

The "smart money address with a 85% winning rate in the wave" began to build a large position, buying 6,748 WETH (about 16.97 million US dollars) in the past half hour, with an average price of 2,510 US dollars. So far, a total of 7,482.88 ETH has been built in this round of waves, with a total value of 18.78 million US dollars.

The TON Foundation announced the launch of a new governance model, Society DAO, which aims to promote decentralization and enhance its growing ecosystem. Society DAO will become the organizational body for core ecosystem functions, and its founding members include: TON Core (core development, upgrades and maintenance of the blockchain), TON Studio (developer experience), TON Society (community operations), and wallets in Telegram (payment methods).