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2026/11/09

Tom Lee calls Vitalik’s view of ETH as a store of value a 'earthquake-level shift'

ChainCatcher report: Bitmine Chairman Thomas Lee said that Vitalik Buterin, founder of Ethereum, made a seismic shift at Devcon 8 in Mumbai by declaring, "ETH is a store of value, ETH is money," clearly defining how ETH will capture value in the upcoming tokenization and AI supercycle.Lee said: "ETH

BitMine holds 6.07 million ETH, representing 4.97% of the total supply.

Last week, BitMine purchased an additional 9,587 ETH, continuing its weekly accumulation since launching its ETH treasury strategy on June 30, 2025. The company has staked 5,227,037 ETH (approximately $11.7 billion, representing 86% of its holdings). Based on a 7-day average yield of 2.65% as of Nov

Goldman Sachs: Nasdaq Tests Key Trend Line; SOX Decline Compares to Internet Bubble and 2008 Crisis

Huo Xing Cai Jing reports that on November 9, Peter Callahan, Chief Expert for the Technology, Media, and Telecommunications sector at Goldman Sachs, explicitly noted in his latest weekly report that the Nasdaq 100 Index is retesting the key benchmark trendline connecting the April 2025 low with the

Hut 8 Expected Contract Value Rises to $26.6B; Sells 3,100 BTC for Share Buybacks

According to Huoxing Finance, Bitcoin News posted on X that Hut 8 sold approximately 3,100 BTC to repurchase its own shares, with 954 BTC allocated for third-quarter repurchases amounting to $74.7 million; an additional 2,100 BTC were used for post-quarter repurchases totaling $1.753 billion, raisin

Google expands its TPU chip lineup with the 8tx and 8i Max to challenge NVIDIA

CoinDesk reports:IT Home, November 9 — According to Bloomberg, Google, a subsidiary of Alphabet, is expanding its portfolio of AI chips, aiming to leverage its rapid rise in the AI chip market to further challenge NVIDIA. The market size has reached hundreds of billions of dollars.Google will launch

Google Launches Two New TPU Variants to Challenge NVIDIA's Dominance

CoinDesk reports:Google is significantly expanding its AI chip product line, pushing the competition with NVIDIA to a new level. This move comes at a critical juncture when demand for AI chips remains strong and the competitive landscape is rapidly evolving.On Monday, Alphabet announced the launch o

Goldman Sachs Warns of 2000s-Style Stock Supply Shock in 2027

According to Woofun AI, Tony Pasquariello, Global Head of Hedge Fund Services at Goldman Sachs (GS.US), has issued a clear warning: although the primary uptrend in the U.S. stock market has not been broken, it is now in its final countdown. The S&P 500 is expected to complete one final rally before

Avalanche partners with NYSE-linked tokenized securities platform, but chain activity remains far below historical peaks.

Huo Xing Finance reports that on November 9, according to official announcements, Avalanche will serve as the core ledger technology provider for the clearing process of NYSE’s tokenized securities platform, supplying the underlying ledger infrastructure for the platform’s clearing institution. Foll

Elysium Mainnet Launches with 100ms Block Time and 300ms Confirmation

Odaily Planet Daily reports: The Elysium mainnet, a Layer 2 network in the Hyperliquid ecosystem, has a block time of 100 milliseconds, transaction finality of approximately 300 milliseconds, and an execution target of 300 Mgas/s. Built by Kinetiq on Arbitrum Orbit (Nitro/ArbOS) and operated by Cond

DWF Labs Report: 13 Altcoins Outperform Bitcoin in 2026

Bitcoin started the new week with a decline, falling below $74,000 ahead of the release of important economic data from the US. Altcoins also followed suit, with Ethereum dropping 5.2% in the last 24 hours to around $2,120, and XRP falling 6.5% to $1.09.As concerns persist that the decline in BTC an

IRIS Launches Fixed-Rate Borrowing on SparkLend on Nov. 10

IRIS plans to go live on Nov. 10 with fixed-rate loans that settle on SparkLend, letting borrowers request an exact loan duration instead of choosing a standardized term.“IRIS goes live tomorrow,” the protocol said in its Monday announcement. Spark confirmed the integration, saying: “IRIS brings fix

Avici: 2% of active users unable to log in due to Web3Auth service outage

According to ME News, on November 9 (UTC+8), the crypto banking app Avici tweeted that approximately 2% of active users are currently unable to log in due to a service outage from its login signature provider, Web3Auth. New user registrations have also been paused, with the outage expected to last 2

XRP Price Falls Below $1.1 Amid $4.39 Billion Market Cap Drop

XRP has fallen 5.4% over the past 24 hours and trades at $1.1 on Monday, November 9, underperforming a declining cryptocurrency market following a technical breakdown.As a result, XRP’s market capitalization has lost another $4.39 billion, falling from $73.74 billion to $69.35 billion over the perio

Vitalik Buterin Argues ETH's Store of Value Role Matters More Than Fee Burning

Vitalik Buterin questions fee-burning valuations, arguing that crypto-driven transaction demand cannot guarantee a sustainable floor for ETH.Buterin defends EIP-1559 but warns that maximizing fee revenue could weaken decentralization and limit network accessibility.Ethereum’s store-of-value strategy

Hut 8 Sells 3,100 BTC for Share Buybacks, Expected Contract Value Rises to $26.6B

ChainCatcher report: Bitcoin News posted on X that Hut 8 sold approximately 3,100 BTC to repurchase its own shares, with 954 BTC used for third-quarter repurchases amounting to $747 million; an additional 2,100 BTC were used for post-quarter repurchases totaling $1.753 billion, raising the authorize

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