Odaily: Bitcoin has fallen below $72,000, with crypto liquidations exceeding $656 million in 24 hours. (Bitcoin.com News)

Odaily reports: Fintech company SoFi has integrated its issued stablecoin SoFiUSD into the Polygon Open Money Stack. The stablecoin is the first to be issued by a nationally chartered US bank and was previously live on Ethereum and Solana; SoFi's more than 17 million users can buy, hold, and swap SoFiUSD through the SoFi app without needing to open a separate crypto wallet or manually bridge across chains.SoFiUSD is redeemable 1:1 with the US dollar, issued by SoFi Bank, which is regulated by the US Office of the Comptroller of the Currency, and is already used to settle all of SoFi's Mastercard card business. The stablecoin is not a bank deposit, is not insured by the FDIC or SIPC, and is not guaranteed by the bank or classified as legal tender. (Decrypt)

Odaily: In her latest remarks, Fed's Hammack said: "The Fed has done a very good job on its employment mandate, but it has been missing on its inflation mandate for years. The latest inflation data show it is moving in the wrong direction. We need to shift to restrictive monetary policy to bring down inflation. I worry that the U.S. economy may develop an inflation mindset." (Jinshi)

Odaily reports: Bitcoin News posted on X that the Moscow Exchange is preparing to launch a pilot on December 1 to support trading of Bitcoin, Ethereum, and USDT. Retail investors are limited to purchasing cryptocurrency through a single intermediary at 300,000 rubles per year, approximately $3,600, and must pass a knowledge test; qualified investors are not subject to the same purchase limit. Cryptocurrency still may not be used for payments for goods and services within Russia.

Odaily: Over the past 90 days, BTC rose 16.6%, and only 31 cryptocurrencies outperformed Bitcoin. Among them, BTW gained 219%, QNT rose 184%, NIGHT climbed 171%, and RAY advanced 151%, making them some of the stronger performers.

1. US Congress prepares to issue subpoena to NVIDIA CEO Jensen Huang;2. Predict.fun announces PREDICT Season 1 airdrop claim rules, claiming opens on November 18, offering two unlock options;3. US 401(k) rule proposal does not specify cryptocurrency types, altcoins still face obstacles to inclusion in retirement plans;4. Wang Chun buys back 5,246 ETH at an average price of $2,054;5. Sources: NVIDIA board is holding a remote meeting to discuss Jensen Huang's future at the company;6. Arkham: UAE royal family-linked mining company Citadel holds approximately $532 million in Bitcoin and continues mining;7. Coinbase Bitcoin Premium Index records negative values for 50 consecutive days, US market purchasing power remains sluggish;8. A whale spent $2.68 million to buy nearly 30 million POL, then staked all of it.

Odaily: The U.S. Department of Labor's proposed rule allowing 401(k) retirement plans to allocate to alternative assets such as cryptocurrencies was submitted to the White House Office of Management and Budget (OMB) on Thursday for final review.The proposal aims to streamline the process for retirement plans to allocate to alternative investments and provide certain legal protections for employers and plan administrators. The proposal published by the Department of Labor in March does not limit the types of digital assets that may be included, nor does it set a minimum market capitalization threshold, but it requires plan administrators to assess investment risks across six dimensions: performance, fees, liquidity, valuation, benchmarks, and complexity.Teresa Goody Guillén, managing partner at Bellementis PLLC, said that Bitcoin and Ethereum may be the first to gain adoption due to their relatively mature markets and investment products, but altcoins are not automatically excluded and still need to meet requirements such as prudent investment, liquidity, valuation, and investor protection.Bernardo Brites, co-founder and CEO of Trace Finance, noted that some small-cap tokens may struggle to meet historical performance and benchmark evaluation requirements.In addition, the proposal does not require crypto investments to be made through ETFs or managed funds, but Guillén expects that such investment products may enter 401(k) retirement plans before direct holdings of cryptocurrencies.

Odaily Report: South Korea's Financial Services Commission (FSC) plans to allow cryptocurrency exchanges to suspend deposits and withdrawals when a hack is suspected, without waiting for confirmation of an attack. The FSC said Thursday that it will issue no-action letters permitting exchanges to precautionarily suspend related operations under specific conditions.The FSC also requires exchanges to implement round-the-clock monitoring and incident response, increase the proportion of cold wallet holdings, and strengthen insurance coverage and reserve funds. Exchanges unable to maintain continuous monitoring may only process deposits and withdrawals when staff are on duty, and must notify users in advance.South Korean cryptocurrency exchange GOPAX suspended trading, deposits, and regular withdrawals on Friday after receiving a hacking threat, though its representatives stated that no security breach occurred. Trading platform Prabang suspended services on October 24 after detecting abnormal withdrawals from its hot wallet, reporting losses of approximately $70,000.The FSC found cybersecurity deficiencies in 130 of 555 financial companies inspected nationwide in October, and included GOPAX operator Streami and Prabang among 16 companies involved in previous security incidents. (Cointelegraph)

Odaily reports that Binance will update its commodity options settlement price rules to align them with its cryptocurrency options rules. The new rules apply to all commodity options expiring on or after 17:00 ET on November 23, 2026. The settlement price will be changed from the underlying market closing price at 17:00 ET on the expiration date to the arithmetic average of Binance futures index prices within 0.5 hours before the expiration time. The expiration time, trading sessions, and contract specifications remain unchanged, and the applicable rules are determined solely by the contract expiration time.

Odaily reports: Hong Kong police have dismantled a cross-border criminal syndicate that used virtual currency over-the-counter (OTC) channels for money laundering, arresting 22 people, including 21 men and 1 woman, aged between 21 and 54. Police investigation found that the syndicate had been active since August this year, recruiting mainland individuals to come to Hong Kong to open puppet bank accounts, withdraw criminal proceeds in cash, and then transfer the funds to virtual currency OTC shops operated by the syndicate, laundering the money through buying and selling virtual currencies and other means. Police estimate that the syndicate was involved in laundering more than HK$150 million between August and October this year alone.It is reported that the syndicate had a clear division of labor: first, it arranged for mainland individuals holding two-way permits to come to Hong Kong and open online banking accounts to receive criminal proceeds; then it recruited cash withdrawal personnel who used bank cards distributed by the syndicate to withdraw cash from ATMs at different locations and different banks, after which runners collected the cash and transported it to OTC shops to complete the money laundering. (Ming Pao)