November 17th, Federal Reserve Vice Chair Jefferson stated that financial innovation has always been a hallmark of the U.S. financial system, and the rise of digital assets is part of it. The Fed's regulation neither encourages nor discourages the use of cryptocurrency, as it depends on the private sector. The Fed's role is to ensure that while the public embraces new technology, the banking sector remains safe and sound. As long as the Fed's policies remain in line with the needs of businesses and households, there is no reason to believe that cryptocurrency and other innovations will affect the Fed's monetary policy capabilities. (First Squawk)

November 17th, according to official sources, Brevis has released the ProverNet Whitepaper, proposing a decentralized market mechanism for zero-knowledge proof generation. It utilizes a truthful online double auction to efficiently match diverse computing tasks with specialized proof hardware.Based on collaboration experience in projects such as PancakeSwap, Uniswap, Euler, Linea, MetaMask, ProverNet specifically addresses the core pain points of existing proof infrastructures. ProverNet will run on the dedicated rollup Brevis Chain, with the official launch planned by the end of 2025. Brevis states that this mechanism will drive zero-knowledge proof services from a centralized single-provider model to a competitive market, allowing specialized proof nodes to be deeply optimized for specific tasks. Application users will no longer be limited to a single provider while obtaining verification computing services.

November 17th, Decentralized exchange aggregator 1inch has launched a new liquidity protocol called Aqua, aiming to enable DeFi applications to share a single liquidity pool through multiple strategies while maintaining user custody.Developers can now access the Aqua software development kit, libraries, and technical documentation via GitHub, with a full frontend interface expected to be released in early 2026. Aqua has built what they call a "shared liquidity layer," allowing funds within a single wallet to support multiple trading strategies simultaneously—unlike the traditional model where users have to choose a single strategy and lock funds in a specific smart contract. With Aqua, assets always remain in users' wallets, and the strategy only calls upon the funds when a trade is actually executed.

November 17th, according to Onchain Lens monitoring, a BlackRock address transferred 4,880 BTC (worth about $467 million) and 54,730 ETH (worth about $176 million) to Coinbase 10 minutes ago.

November 17th, according to Bloomberg, the Trump Group is partnering with a Saudi Arabian partner to plan a luxury resort in the Maldives and is planning to tokenize the hotel development project. The two companies stated in a joint declaration on Monday that the Trump International Hotel Maldives project will include 80 ultra-luxury beach villas and overwater villas, developed and constructed jointly by the Trump Group and Dar Global Plc.Dar Global is a London-listed subsidiary of a Saudi developer. The Maldives resort is scheduled to open by the end of 2028, just a 25-minute speedboat ride from the capital, Male. The tokenization of this project will allow investors to participate in the development phase, offering digital shares that investors can purchase in tokenized form.

November 17th, according to Coinglass data, the current mainstream CEX and DEX funding rates show that after experiencing a one-sided sharp decline, the crypto market has slightly rebounded today. The overall bearish sentiment among participants has weakened, and the funding rates for more asset trading pairs have returned to neutral.BlockBeats Note: Funding Rate is a fee set by cryptocurrency exchanges to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or benefit of traders holding contracts to keep the contract price close to the underlying asset price.When the funding rate is 0.01%, it represents the baseline rate. When the funding rate is greater than 0.01%, it indicates a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.

November 17, according to an official announcement, Bitget has announced the launch of the U-based PIEVERSE perpetual contract, with leverage ranging from 1 to 25. The contract trading BOT will be opened simultaneously.

November 17th, according to Nansen data, the top five public chains in terms of active addresses in the past 7 days are: Solana (17.28 million), BNB Chain (10.88 million), Tron (7.082 million), Avalanche (5.425 million), Polygon (3.879 million).

November 17th, according to The Block, Bitcoin (BTC) has dropped by about 25% since hitting a new all-time high of around $126,000 on October 6th. According to analysts at research and brokerage firm Bernstein, this marks a short-term pullback rather than the beginning of a major downtrend.Bernstein analyst Gautam Chhugani stated in a report to clients on Monday that this decline reflects investors' anxiety about the historical four-year cycle pattern, which has seen peaks in 2013, 2017, and 2021. Many investors sold off during the fourth-quarter market softness, believing that 2025 would see a repeat, thus somewhat creating a self-fulfilling prophecy.However, they believe that the current fundamentals are stronger, indicating that this is more likely a "relatively modest pullback" forming a new local bottom, rather than the 60% to 70% drops seen in historical cycles—thanks to significant absorption by long-term holder supply. The analysis points out that over the last six months, investors holding for at least a year have sold about 340,000 BTC (around $38 billion), while approximately $34 billion has flowed into spot ETFs and corporate treasuries, absorbing much of this selling pressure.Looking ahead, the analysts believe the market is "not like at a cycle peak," but more part of a multi-year trend defined by institutional participation and periodic moderate pullbacks. They are watching whether Bitcoin can establish a bottom around $80,000—a level seen after last year's U.S. presidential election—and believe the current pullback could present an attractive entry opportunity for digital assets and related equities.