PA Daily | Ark Invest increased its holdings in BitMine and Bullish stocks yesterday; the first XRP Spot ETF in the US saw a net inflow of $243 million on the day after its launch.

Today's news highlights:

1. The U.S. SEC has released guidance for the processing of documents after halting, and multiple crypto ETFs may accelerate their effectiveness.

2. Saylor denies rumors of “reducing 47,000 Bitcoin holdings” and states that the company is buying more.

3. Binance incorporates BlackRock's BUIDL fund into its institutional offline collateral framework.

4. Harvard University holds 6.81 million shares of IBIT in Q3, a quarter-on-quarter increase of 257.48%.

5. The first XRP spot ETF in the United States was listed, with no net inflow on the first day and a net inflow of $243 million on the second day.

6. Multicoin Capital announces investment in Ethena Protocol token ENA

7. Binance: Holding 240 Alpha points allows you to claim 4375 ELIZAOS tokens airdrop.

8. ARK Invest increased its holdings in BitMine stock by $5.83 million and Bullish stock by $2.91 million.

Macro

The non-farm payroll report for September will be released next Thursday.

According to Jinshi reports, the U.S. Bureau of Labor Statistics announced on Friday that it will release the highly anticipated employment situation report for September next Thursday. The report was originally scheduled for release on October 3, but was postponed due to a 43-day government shutdown.

The SEC of the United States has issued guidance on the processing of documents after shutdown, which may expedite the effectiveness of multiple cryptocurrency ETFs.

According to Bloomberg analyst Eric Balchunas, citing the SEC's latest guidance, the U.S. Securities and Exchange Commission has received over 900 registration filings during the government shutdown and is now accelerating the clearance of the backlog. The guidance document indicates that if an issuer's registration statement submitted during the shutdown does not include a delayed effective clause (8(a) path), it may automatically become effective after 20 days, and the issuer can expedite the process by supplementing the delayed clause and applying for acceleration. Analysts say this may prompt some cryptocurrency ETF issuers that have not yet completed the 8(a) process to accelerate their listing, with Bitwise's XRP ETF seen as a potential next mover.

The Hong Kong Securities and Futures Commission announced that Liang Fengyi has been reappointed as Chief Executive Officer for a term of two years.

The Hong Kong Securities and Futures Commission officially announced that Margaret Yang has been reappointed as the Chief Executive Officer for a term of two years, effective from January 1, 2026. It is reported that Margaret Yang has been serving as the Chief Executive Officer of the Hong Kong Securities and Futures Commission since January 1, 2023, during which she introduced a licensing system for virtual asset trading platforms and released a virtual asset roadmap, showing a friendly stance towards the digital asset industry and stating that the future of digital assets is vibrant and has broad prospects. She also mentioned that the regulatory concept of applying the same business, the same risks, and the same rules will be adopted to bring cryptocurrency over-the-counter trading and custodial institutions under the regulatory scope.

The founder of the cryptocurrency investment company Wolf Capital was sentenced to five years in prison for a $9.4 million Ponzi scheme.

According to a statement from the U.S. Department of Justice, Travis Ford, a man from Oklahoma, has been sentenced to five years in prison for leading a $9.4 million Ponzi scheme through the cryptocurrency investment platform Wolf Capital Crypto Trading. He has also been ordered to forfeit over $1 million and pay more than $170,000 in restitution. Court documents show that from early 2023 to August, Ford attracted approximately 2,800 investors with promises of “1-2% daily returns,” but he admitted that these returns were unsustainable and that the funds were actually diverted for personal and accomplice benefits, ultimately leading to losses for the investors. He pleaded guilty in January 2025.

A former CFO of a software company was convicted of fraud after embezzling 35 million dollars and investing it in DeFi, resulting in total loss.

Nevin Shetty, the former CFO of a software company in Washington State, USA, was convicted by a federal jury on four counts of wire fraud for unlawfully transferring $35 million of company funds to his self-built crypto platform and investing in high-risk DeFi protocols. Shetty secretly moved company funds in 2022 after learning that he would be fired, initially making a profit of about $133,000, but his investments nearly went to zero after the Terra ecosystem collapsed in May 2022. He later confessed to his actions and was fired by the company. Shetty is set to be sentenced in February next year and could face up to 20 years in prison.

The U.S. Department of Justice is pursuing North Korean criminals for fraudulent IT work and cryptocurrency theft, seizing $15 million USDT.

U.S. Department of Justice prosecutors and investigators have seized an additional $15 million worth of USDT in their ongoing pursuit of North Korean criminals, with five defendants pleading guilty.

According to court documents related to the plea agreement, intermediaries from the United States and Ukraine assisted North Korean personnel in obtaining remote IT jobs at American companies. For example, these intermediaries provided their own false identities or stolen identity information and placed laptops provided by victim companies in residences across the United States to create the illusion that IT personnel were working on American soil. The fraudulent employment scheme of these defendants affected more than 136 American victim companies, generating over $2.2 million in revenue for the North Korean regime and resulting in the identity information of over 18 Americans being compromised.

Secondly, a North Korean military hacker group known as “Advanced Persistent Threat 38” (APT38), referred to as APT38 in the private sector, executed a multimillion-dollar cryptocurrency theft on four overseas cryptocurrency platforms in 2023. While APT38 members continue to launder the money, the U.S. government has frozen and seized over $15 million worth of cryptocurrency and is currently seeking to forfeit this cryptocurrency to ultimately return it to the legitimate owners.

North Korea is using these two programs to raise funds for its weapons and other priorities, in violation of sanction regulations.

opinion

Michael Saylor posted “HODL”, possibly indicating he has not sold his Bitcoin.

Michael Saylor, the Chairman of Strategy, posted “HODL” on his personal account along with a picture of a lifeboat. This may imply that he has not sold his bitcoins.

Earlier today, it was reported that Strategy transferred 58,915 BTC to a new wallet, worth approximately $5.77 billion. The community speculates whether this is a reduction in holdings; some accounts also emphasize long-term holding and volatility as “noise.” As of the post page display, the post has been viewed around 199,000 times with thousands of interactions. Currently, there is no official statement explaining the funds transfer and trading intentions.

Saylor denies the rumor of “reducing the holding of 47,000 Bitcoins” and states that the company is buying more.

Walter Bloomberg stated that Arkham data shows MicroStrategy's (MSTR) “Strategy” address Bitcoin holdings have decreased from approximately 484,000 to about 437,000, a reduction of about 47,000 coins, with an unknown source. Michael Saylor later responded on his personal account that “this rumor is not true.”

According to Jinshi, Strategy(MSTR.O) founder Michael Saylor: The company is buying a significant amount of Bitcoin and will announce the latest purchase plan next Monday.

Santiment: The likelihood of the current crypto market bottoming out is low, and we should be wary of “bottom consensus”.

According to a report by Cointelegraph, the crypto sentiment analysis platform Santiment stated in its report on Saturday that although many analysts and traders predict that the cryptocurrency market will hit bottom, the likelihood of the cryptocurrency market reaching a bottom is not high. “When people generally reach a consensus on a specific price bottom, it is wise to be cautious.” “The real bottom often forms when most people expect prices to fall further.”

Project Updates

Tron Inc. announced its Q3 financial report: a net profit of 12.174 million USD, turning from loss to profit year-on-year, with shareholder equity exceeding 239 million USD.

Tron Inc.(Nasdaq:TRON) announced its third-quarter financial report for the period ending September 30, 2025, achieving a net profit of 12.174 million USD, turning from a loss to a profit year-on-year, with shareholder equity exceeding 239 million USD. The company's assets include cash, equivalents, and a large amount of TRX and sTRX, and during the quarter, it received an additional investment of 110 million USD in TRX from its largest shareholder, further strengthening its balance sheet. Management stated that a robust cost structure and strategic investments in high-growth digital assets have driven performance improvement.

Binance has included the BUIDL fund under BlackRock into its institutional offline collateral framework.

According to a Binance announcement, the world's largest tokenized RWA product, BlackRock's BUIDL fund, has now been incorporated into Binance's institutional offline collateral system, allowing institutional users to use it as off-exchange custody collateral for trading. BUIDL will also launch a new share category on the BNB Chain, further promoting RWA on-chain. Binance stated that this move allows institutions to hold interest-bearing compliant RWA assets in third-party custody while gaining exchange liquidity, achieving higher capital efficiency and reducing counterparty risk.

BitMine appoints new CEO and three independent directors

According to PRNewswire, BitMin announced the appointment of Chi Tsang as CEO and a member of the company's board of directors. Additionally, BitMine has appointed three independent directors: Robert Sechan, Olivia Howe, and Jason Edgeworth, with the appointments taking effect immediately.

Mizuho Securities has lowered its target price for Circle stock to $70.

Mizuho Securities maintains a “Underperform” rating on Circle stock, while lowering the target price to $70. CRCL shares have fallen nearly 40% in the past month. Mizuho analysts stated in a research report: “We believe that CRCL's valuation fails to adequately reflect the key risks to its mid-term earnings.” Potential risks include “upcoming interest rate cuts, relatively stagnant circulation, persistently high (and increasing) distribution costs, and intensifying competition among stablecoins.”

Tether plans to significantly expand its lending business, providing approximately $1.5 billion in credit to commodity traders.

According to Bloomberg, Paolo Ardoino, CEO of Tether Holdings SA, stated in an interview that the company plans to significantly expand its lending business after providing about $1.5 billion in credit to commodity traders. The company aims to increase financing for commodity trading, including oil, cotton, wheat, and other agricultural products, and has issued loans in dollars and its stablecoin USDT.

Tether's commodity loan business is part of its trade finance department, independent of its stablecoin reserves. The company has nearly $200 billion in reserves and generates substantial income from it.

Multicoin Capital announces investment in the Ethena Protocol token ENA

Vishal Kankani, the head of the investment team at Multicoin Capital, tweeted that the Multicoin Capital liquidity fund has invested in Ethena Protocol's native token ENA. They believe that the synthetic dollar USDe issued by Ethena has potential at the intersection of three major trends: stablecoins, perpetual finance, and asset tokenization. Vishal Kankani pointed out that Ethena is the only synthetic dollar that achieves meaningful distribution and liquidity beyond USDC and USDT. USDe has been used as a core collateral on platforms such as Binance and Bybit. Since the launch of the protocol, it has generated nearly $600 million in revenue, with over $450 million generated in the past twelve months.

The Balancer hacker began laundering the stolen ETH LST tokens through Tornado after exchanging them for ETH.

According to on-chain analyst Yu Jin's monitoring, the Balancer hacker began to launder ETH by exchanging ETH LST tokens and other non-ETH tokens for ETH, and then transferring ETH through Tornado: in the past hour, they deposited 2,000 ETH (636 million USD ) into Tornado. Transferring the stolen assets through Tornado essentially means that the hacker has given up the option of returning the assets to Balancer and then claiming the white hat bounty.

Hourglass: The second phase of the Stable pre-reserve vault has ended, with over 10,000 verified wallets contributing $1.1 billion in deposits.

Hourglass tweeted that the second phase of the Stable pre-reserve has ended. Over 10,000 verified wallets contributed more than $1.1 billion in qualified deposits. The fund allocation in the second phase is done on a pro-rata basis, based on eligible deposits, and guarantees a minimum allocation of $1,000 to avoid dilution of small participants' funds by large depositors. For each qualified deposit, the first $1,000 will be allocated at 100%; the portion exceeding $1,000 will be allocated proportionally.

Based on approximately $1.1 billion in qualified deposits and $500 million in deployment capacity, the final allocation ratio for amounts over the $1,000 minimum limit is approximately 45%, while the remaining approximately 55% will be returned in the form of refunds. Refunds for the undistributed portion will be issued early next week. Users marked as ineligible can continue to withdraw at any time.

Binance: Hold 240 Alpha points to claim 4375 ELIZAOS tokens airdrop.

According to the official announcement, users holding at least 240 Binance Alpha points can claim the token airdrop. Claim 4,375 ELIZAOS tokens airdrop on the Alpha event page. If the rewards are not fully distributed, the points threshold will automatically decrease by 5 points every five minutes. Claiming the airdrop will consume 15 Binance Alpha points. Users must confirm their claim on the Alpha event page within 24 hours, otherwise it will be considered a waiver of the airdrop.

important data

Strategy today transferred 58,915 BTC to a new wallet, worth approximately $5.77 billion.

On-chain data shows that Strategy transferred 58,915 BTC (approximately $5.77 billion) to a new wallet today, with on-chain indications suggesting the purpose may be for custody.

After a certain whale made nearly 3 million dollars in profits from swing trading ETH, it has repurchased nearly 20,000 ETH.

According to on-chain analyst Yu Jin's monitoring, [whales/institutions that have made a profit of $96.67 million through ETH trading] sold 10,000 ETH at a price of $3,597 for a profit of $2.93 million on November 10, and in the last day have repurchased 19,945 ETH at an average price of $3,200 through Coinbase, Wintermute, and FalconX, totaling $38.2 million (.

The first XRP spot ETF in the United States was launched, with no net inflow on the first day and a net inflow of $243 million on the second day.

On November 13, the first single token XRP spot ETF in the United States - the Canary XRP ETF (ticker XRPC) was officially listed on NASDAQ. The Canary XRP ETF supports cash and physical redemptions, with a management fee rate of 0.50%.

According to SoSoValue data, there was no net inflow on the first day of XRPC's listing, with a trading volume of 59.22 million USD; on the second day, the net inflow through cash or physical subscription was 243 million USD, with a trading volume of 26.72 million USD.

As of the time of this writing, the total net asset value of the Canary XRP ETF is $248 million, and the XRP net asset ratio (the ratio of its market value to the total market value of XRP) is 0.18%.

The Bitcoin spot ETF saw a net outflow of $492 million yesterday, continuing a net outflow for three days.

According to SoSoValue data, yesterday (November 14, Eastern Time) the total net outflow of Bitcoin spot ETFs was $492 million.

The Bitcoin spot ETF with the highest net inflow yesterday was Grayscale )Grayscale( Bitcoin Mini Trust ETF BTC, with a net inflow of 4.1722 million USD for the day, bringing the total historical net inflow for BTC to 1.677 billion USD.

The Bitcoin spot ETF with the highest net outflows yesterday was the Blackrock ) ETF IBIT, with a net outflow of $463 million in a single day. Currently, the historical total net inflow for IBIT has reached $63.789 billion.

As of the time of writing, the total net asset value of Bitcoin spot ETFs is $125.345 billion, with an ETF net asset ratio (the market value compared to the total market value of Bitcoin) reaching 6.67%. The historical cumulative net inflow has reached $58.852 billion.

Ethereum spot ETF had a net outflow of $178 million yesterday, continuing a net outflow for 4 days.

According to SoSoValue data, yesterday (Eastern Time November 14), the total net outflow of Ethereum spot ETFs was $178 million.

The Ethereum spot ETF with the highest net outflow yesterday was Blackrock's ETF ETHA, with a net outflow of $173 million in a single day. Currently, the historical total net inflow of ETHA stands at $13.449 billion.

Secondly, the Grayscale Ethereum Trust ETF (ETHE) had a net outflow of 4.6306 million USD in a single day, and the total historical net outflow of ETHE has reached 4.885 billion USD.

As of the time of publication, the net asset value of the Ethereum spot ETF is $19.999 billion, with an ETF net asset ratio (market value as a percentage of total Ethereum market value) reaching 5.42%. The historical cumulative net inflow has reached $13.133 billion.

( investment and financing/acquisition

Tether plans to invest 1 billion euros in robotics company Neura Robotics.

According to a report by The Block citing the Financial Times, stablecoin issuer Tether is in talks with humanoid robot manufacturer Neura Robotics to lead a financing round of approximately 1 billion euros, with the deal expected to value Neura between 9.29 billion and 11.6 billion dollars. Tether has made over 10 billion dollars in profit in the first three quarters of this year and is seeking to diversify its investment portfolio.

In January of this year, Neura raised nearly $140 million in a funding round, with investors including BlueCrest, C4 Ventures, Lingotto, and the Volvo Cars Tech Fund. This German company will compete with Elon Musk's Tesla, which plans to mass-produce robots.

Institutional Holdings

American Bitcoin announces Q3 performance: revenue of $64.22 million, holding increased to 3,418 coins

According to PR Newswire, American Bitcoin (NASDAQ: ABTC) announced its Q3 2025 performance: during the quarter, it increased its holdings by over 3,000 bitcoins through self-built low-cost mining and market purchases, bringing the total reserves to 3,418 BTC. The company's revenue surged to $64.2 million year-on-year (compared to $11.6 million in the same period last year), with a net profit of $3.5 million, reversing last year's loss, and the gross margin increased from 49% to 56%. During this period, the company completed a stock merger with Gryphon Digital Mining and listed on NASDAQ, with mining computing power increasing approximately 2.5 times to about 25 EH/s. The company stated it will continue to promote long-term BTC accumulation through a “scaled light-asset mining + market price increase” model.

Harvard University holds 6.81 million shares of IBIT in Q3, a quarter-on-quarter increase of 257.48%.

According to the 13F filing, as of September 30, Harvard University held 6,813,612 shares of IBIT, valued at $442.9 million; the number of shares held in the GLD gold ETF was 661,391, valued at $235 million; compared to the 1,906,000 shares of IBIT and 333,000 shares of GLD held at the end of June, the increases were 257.48% and 98.62%, respectively. In addition, Harvard University held 583,931 shares of NVIDIA, valued at $109 million.

PayPal co-founder Peter Thiel has reduced his stake in Bitmine by half, currently holding approximately 2.547 million shares.

According to documents submitted to the U.S. SEC, the venture capital firm Founders Fund, led by PayPal co-founder Peter Thiel, has sold half of its holdings in Bitmine. It currently holds 2,547,001 shares in the company.

According to previous reports, PayPal co-founder Peter Thiel, through his related entities, holds a total of 5,094,000 shares of common stock in BitMine Immersion Technologies, Inc. (stock code: 09175A206), accounting for 9.1% of the company's issued shares.

ARK Invest increased its holdings in BitMine stocks by $5.83 million and Bullish stocks by $2.91 million.

According to Cointelegraph, during the market downturn, ARK Invest increased its holdings in cryptocurrency-related assets, purchasing $5.83 million in BitMine stock and $2.91 million in Bullish stock.

According to ARK's daily trading disclosure on Friday, the ARK Fintech Innovation ETF ###ARKF( increased its holdings by 18,089 shares of BitMine stock, the ARK Next Generation Internet ETF )ARKW( increased its holdings by 34,637 shares of BitMine stock, and the ARK Innovation ETF )ARKK( increased its holdings by 116,681 shares, bringing the total increase for the day to 169,407 shares, worth approximately $5.83 million. In addition, ARKF bought 8,063 shares of Bullish stock, ARKW increased its holdings by 15,441 shares, and ARKK bought 52,011 shares. This brought the total amount of Bullish shares purchased by ARK on that day to 75,515 shares, worth approximately $2.91 million.

Berkshire Hathaway, led by Buffett, disclosed a $4.3 billion stake in Alphabet while reducing its holdings in Apple by $11 billion.

According to the Financial Times cited by Jinshi, Berkshire Hathaway, owned by Buffett, disclosed a $4.3 billion stake in Google's parent company Alphabet while reducing its shares in Apple, making it the tenth largest position in its portfolio. This could be one of the last batches of new stock positions for Berkshire before Buffett retires at the end of this year. This action somewhat deviates from Buffett's philosophy of choosing to buy and hold value stocks for the long term rather than high-growth companies.

Meanwhile, Buffett sold about $11 billion worth of Apple shares in the third quarter. Apart from Apple and the current Alphabet, Berkshire Hathaway's largest stock holdings do not include investments in large tech companies. Its other largest positions include American Express, Bank of America, and Coca-Cola, which remained basically unchanged in the third quarter.