Kraken is currently raising funds, and its AI agent-related token has seen a 13.5% increase in the past 24 hours.

Headline

▌Kraken is raising funds at a $20 billion valuation

According to The Information, Kraken is raising funds at a $20 billion valuation, up from $15 billion in August, and is expected to IPO next year. This valuation will put its price-to-earnings ratio on par with its larger listed competitor, Coinbase.

▌AI agent tokens' total market capitalization surpasses $4.7 billion, with a 24-hour increase of 13.5%

According to CoinGecko data, the total market capitalization of AI agent tokens has surpassed $4.7 billion, with a 24-hour increase of 13.5%.

Among them: VIRTUAL rose 30.4% in the last 24 hours, with a market capitalization of $1.15 billion; FET rose 9.7% in the last 24 hours, with a market capitalization of $668 million; TRAC fell 6.6% in the last 24 hours, with a market capitalization of $302 million. As of press time, according to CoinGecko data: BTC price is $110,013, a 24-hour change of +2.1%; ETH price is $3,853.15, a 24-hour change of +1.4%; BNB price is $1,121.92, a 24-hour change of +4.6%. SOL price is $191.12, a 24-hour change of +6.1%; DOGE price is $0.1946, a 24-hour change of +2.4%; XRP price is $2.40, a 24-hour change of +1.3%; TRX price is $0.3135, a 24-hour change of... WLFI price is $0.1854, 24-hour change -2.5%；

Policy

▌Europol pledges increased international cooperation and investment in investigating cryptocurrency crime

According to Decrypt, the head of Europol's European Financial and Economic Crime Centre (EFECC) warned this week that the methods used to commit crimes using cryptocurrencies and blockchain are "increasingly sophisticated." He pledged that Europol will continue to increase its investment in supporting member states in conducting complex international investigations and called for the development of global standards and the provision of impartial blockchain training to strengthen cross-border investigations.

California regulators have fined Coinhub $675,000 for violating digital asset laws. The California Department of Financial Protection and Innovation (DFPI) has fined Bitcoin ATM operator Coinhub $675,000 for violating digital asset laws. The fine includes $105,000 in restitution to California consumers who were charged more than permitted fees and charges when using cryptocurrency ATMs.

▌The US government shutdown continues, with only 3 days left to tie the longest record

Since October 1st, the current US federal government shutdown has entered its 32nd day, setting a new record for the second longest government shutdown in US history. It is only 3 days away from tying the record of 35 days for the longest government shutdown in US history. Over the past month, American society has been deeply affected by the shutdown. Paying the salaries of over one million US soldiers has become a problem, and approximately 42 million people, representing one-eighth of the US population, faced food shortages in November. However, the two parties remain deadlocked. US Vice President Vance even stated that the shutdown could continue until late November.

▌DEX Labs CEO: MEV is pushing institutional investors away from DeFi

Maximum Extractable Value (MEV) refers to the process by which miners or validators rearrange transactions in a block to extract profits. This hinders financial institutions from adopting decentralized finance (DeFi), thus harming the interests of retail users. Aditya Palepu, CEO of DEX Labs, stated that DEX Labs is a major contributor to the decentralized crypto derivatives exchange DerivaDEX. All electronic trading markets suffer from MEV or similar problems, stemming from information asymmetry in transaction data sorting. Financial institutions are unable to adopt DeFi due to the lack of transaction privacy, as this exposes them to the risks of market manipulation and front-running, since transactions are publicly disclosed before execution. Analysis: Bitcoin Mining Companies Will Face Cost Challenges in Sales and Administrative Expenses According to MarcoMicro data, the current cost of Bitcoin production has reached $112,084. Historical data shows that the cost of Bitcoin production reached a high of $115,098.12 on October 9th. Analysts believe that the recent increase in Bitcoin production costs means that most Bitcoin mining companies will face cost challenges in sales and administrative expenses, requiring them to reduce costs to maintain profitability. ARK Invest Increases Holdings in Bullish, Total Crypto Exposure Across Three ETFs Exceeds $2.15 Billion ARK Invest recently increased its holdings of Bullish stock by 105,000 shares, worth approximately $5.3 million. This purchase is spread across three ETFs: ARKK, ARKW, and ARKF. Following the increase, ARK's total holdings in Bullish reach 2.27 million shares, worth approximately $114 million. Currently, these three ETFs have a combined exposure to crypto-related assets (including Coinbase, Robinhood, and Circle) exceeding $2.15 billion.

▌Privacy Coin Sector Market Cap Surpasses $24 Billion, Up Over 14% in 24 Hours

According to the latest data from Coingecko, the market capitalization of the privacy coin sector has surpassed $24 billion, currently reaching $24,142,194,508, a 24-hour increase of 14.1%. Among them: LTC is currently trading at $99.03, with a market capitalization of approximately $7.59 billion, a 24-hour increase of 4.3%; Zcash is currently trading at $415.18, with a market capitalization of approximately $6.83 billion, a 24-hour increase of 14.5%; XMR is currently trading at $349.43, with a market capitalization of approximately $6.25 billion, a 24-hour increase of 6.4%;

Important Economic Dynamics