The Southwark Crown Court in London sentenced Chinese national Qian Zhimin (alias Zhang Yadi) to 11 years and 8 months in prison on November 11th. She was convicted of purchasing Bitcoin and money laundering through billion-dollar investment fraud schemes. The case involved the largest cryptocurrency seizure in UK history—61,000 Bitcoins confiscated in 2018, currently valued at 6.4 billion USD. Qian Zhimin's assistant Seng Hok Ling was also sentenced to 4 years and 11 months in prison. Both pleaded guilty to charges related to handling criminal property. The UK National Crime Agency is designing a compensation scheme for affected investors, but thousands of Chinese investors pursuing cross-border recovery still face legal and practical obstacles.

The EU's Anti-Money Laundering Regulation (AMLR) implements a €10,000 cash ban and crypto ID requirements for service providers starting 2027. Despite viral panic, EU AML rules target exchanges, not self-custody wallets.

NEAR Protocol announces the integration of Litecoin (LTC) into its NEAR Intents system, allowing users to exchange LTC for over 120 assets across multiple blockchains including Bitcoin, Ethereum, and Solana. This update provides ample liquidity pools, low transaction fees, and fast transaction execution, significantly enhancing Litecoin's application in decentralized finance.

Described as a "super villain," Chinese woman Qian Zhimin orchestrated a billion-dollar Bitcoin investment scam and was sentenced to 11 years and 8 months in prison by a London judge. Between 2014 and 2017, Qian Zhimin defrauded approximately 128,000 investors in China before fleeing to the UK. In 2018, UK police seized 61,000 BTC during a money laundering investigation, now valued at $6.4 billion, making it the largest cryptocurrency seizure in UK history.

Lighter announced that it has raised $68 million in a new funding round. Vladimir Novakovski, who graduated from Harvard University at age 18, founded Lighter and serves as CEO at age 22, stated that the funding was led by Peter Thiel's Founders Fund and fintech investor Ribbit Capital.

The world's largest stablecoin issuer, Tether, has hired a senior metals trader from HSBC to oversee its gold reserves and precious metals trading expansion. Tether currently holds one of the largest private gold reserves in the financial sector, with a gold reserve value exceeding $12 billion as of September 2025. This strategic hiring reflects Tether's strategy to diversify into physical assets amidst a turbulent macroeconomic environment.

On November 10, China’s National Computer Virus Emergency Response Center (CVERC) released a technical report directly accusing the U.S. government of orchestrating and executing the 2020 Lubian mining pool theft of 127,272 Bitcoins (currently valued at $13 billion), and questioned whether the U.S. Department of Justice’s confiscation action in 2024 was actually a government-level operation of “black on black” activity.
The report pointed out that the stolen Bitcoins suddenly transferred to a U.S. government-controlled wallet after a four-year silent period, with technical characteristics consistent with behavior patterns of state-level hacking organizations. The U.S. prosecutors previously claimed that these Bitcoins were related to a fraud case involving Chen Zhi, chairman of the Cambodian Prince Group, but refused to disclose details of the seizure. This incident is likely to further deteriorate the already tense China-U.S. cyber relations.

Bitcoin (BTC) has pulled back from its weekly high, currently around $103,062 as of November 12. The U.S. Senate has approved a funding bill to end the U.S. government shutdown, pending a vote in the House of Representatives. Under the new regulation, Brazil classifies stablecoin payments as foreign exchange transactions. Stablecoin giant Tether has invested heavily in recruiting from HSBC and increasing gold reserves.

On November 11, the Uniswap development team proposed switching the settlement currency for trading fees from ETH to UNI and planned to implement a retroactive burn mechanism of 100 million UNI (approximately 800 million USD). Following the announcement, the price of UNI surged 23% within 24 hours, trading volume skyrocketed by 600%, and the monthly trading volume exceeded 123 billion USD, reaching a new high for the year.
Technical analysis shows that UNI has broken through the descending triangle resistance, successfully moved above the 200-day exponential moving average. If the proposal passes and triggers a supply shock, the short-term target is around 11 USD, with a mid-term challenge to the high of 19 USD. The leadership change at the U.S. Securities and Exchange Commission (SEC) has created a more relaxed regulatory environment, providing an important window for DeFi protocol innovation.

Blockchain Association CEO Summer Mersinger praised Senator John Boozman (Republican - Arkansas) and Cory Booker (Democrat - New Jersey) for promoting bipartisan cooperation. The bill's key provisions include establishing a regulatory framework for digital commodities in the spot market with the CFTC and mandating SEC and CFTC to collaborate on cross-agency rulemaking.

Zcash's shielded pool has reached 23% of the total supply, up from 18% in October, indicating a steady increase in network privacy adoption. The rise in shielded transactions coincided with a significant price surge, with ZEC prices soaring from around $400 on November 1st to a peak of $750, an 87% increase. Banks and financial institutions are exploring zero-knowledge systems, with institutional privacy needs becoming the key driver behind the simultaneous growth in Zcash's price and usage.

Last week, as the overall market declined, cryptocurrency exchange-traded fund (ETF) capital outflows exceeded $1.2 billion. However, Solana price forecasts showed that the SOL ETF ultimately experienced net inflows, clearly indicating that institutional investors remain optimistic about Solana's price trend. Investors seem to have taken advantage of the strong sell-off in SOL to buy the asset at a discount.

After several Democratic senators in the Senate teamed up with Republicans to pass a funding bill, the U.S. government shutdown, which had lasted over 40 days, is moving toward reopening. On Monday, the Senate voted on the "Continuing Appropriations and Extension Act for Fiscal Year 2026," ultimately passing with 60 votes in favor and 40 against. The prediction platform Polymarket has adjusted its expectations, now anticipating that the U.S. government and the SEC will resume normal operations by Friday.

According to Bloomberg, Chinese cybersecurity agencies accused the U.S. government of orchestrating a Bitcoin theft worth $13 billion. In December 2020, China's LuBian Bitcoin mining pool was hacked, losing over 120,000 Bitcoins. On-chain organizations recognized this as one of the largest cryptocurrency thefts in history in August. China's National Computer Virus Emergency Response Center described the incident as a "state-level hacking operation," likely led by the United States.

Pi Network mainnet is about to launch. Testnet 1 has successfully processed a large volume of transactions with very few issues. The team has confirmed that the mainnet version v23 is in development, but the launch date has not yet been announced. Pi's price movement remains calm, with no significant fluctuations. Charts are beginning to show signs of recovery, and indicators within the tightening range may break out, potentially initiating an upward trend. The Pi core team is focused on adding support for the ERC-3643 standard and launching the PiUSD stablecoin.

Zcash plummeted over 20% within 24 hours to $479, after rising 1200% from nearly $32 in October to a high of $880, then falling 45.6%. Analysts say that $342 is a key support level; holding above it could lead to a rebound to $600, while losing it may result in a drop to the $160 range. A former U.S. presidential advisor bought at $17, emphasizing that the current price does not pose a threat.

According to the latest predictions from Google AI, investors holding XRP, PEPE, or Ethereum will receive a surprise by the end of this year. Google AI predicts that XRP prices could rise to the 5-10 USD range before the end of the year, more than tripling the current trading price of around 2.43 USD. PEPE could reach a maximum of 0.000072 USD, and the target price for ETH is set at 10,000 USD.

A recent analysis from the popular YouTube channel Crypto Mindset has sparked heated debate in the crypto community. According to the analyst, holding Kaspa (KAS) until 2026 could be a costly mistake, as multiple technical indicators suggest the coin may be entering a prolonged bearish phase. Comparing Kaspa’s rise and potential fall to Bitcoin’s 2014 cycle, the analyst warns of a possible 90–99% correction before a true recovery phase begins.

Dogecoin (DOGE) is once again at the center of market attention as Elon Musk secures a historic \$1 trillion Tesla compensation package. Beyond its immediate technical setup — which mirrors the 101% rally seen in June — this development reignites the “Musk effect,” blending financial power, cultural influence, and speculative momentum. With sentiment improving and Musk’s status in the spotlight, Dogecoin could be preparing for a new major bull phase before the end of 2025.