According to FOX 4, residents of Hood County, Texas, are planning a referendum to establish a new town called "Mitchell Bend" to limit noise from Bitcoin mining farms. Bitcoin mining company Mara Holdings has filed a lawsuit in federal court, arguing that the residents' petition is invalid and that officials colluded. The mining farm operates over 60,000 ASICs day and night, and residents complain of noise pollution. The court will decide whether to halt the operation before the official vote next week.

Wu learned that some users have reported that virtual cards provided by EtherFi were used fraudulently without any purchases or pre-authorizations. Crypto KOL @keyahayek stated that EtherFi may have issues in its upstream and downstream processes and advised users to stop using the service. EtherFi CEO Mike Silagadze responded that the company is investigating the matter with its credit card partners and that all users who experienced fraudulent transactions will receive a refund.

Wu said Daily Evening News

Wu learned that QwQiao, co-founder of AllianceDAO, posted an article stating that he has observed most savvy traders and long-term investors turning bearish across different timeframes, indicating a cautious overall sentiment in the crypto market. He stated that he has been concerned about the market since mid-September, and while remaining optimistic in the long term, he believes that reducing positions is a rational choice given the converging signals. He pointed out that a possible market structure exists: AI concept stocks continue to rise, while other assets (including crypto assets) continue to be under pressure, a trend that has persisted for several months.

"Vitalik's Subtle Criticism of Peter Thiel Reflects a Factional Battle in Technological Thought" (by Eric, Foresight News). Vitalik's real concerns may be related to Peter Thiel's extremely radical political views, which stand in direct opposition to cypherpunks who champion decentralization. While both advocate using technology to change the world, Peter Thiel chooses to allow elites to control technology and rule over "ordinary people," while Satoshi Nakamoto and Vitalik are more committed to the egalitarianism of technology, creating a stark ideological divide. Peter Thiel's expressed disappointment with democracy is actually a disappointment with "equal rights," believing that the general electorate's tendency towards egalitarianism will hinder a truly free market. Read the full article:

According to Christine Kim's summary of the 168th Ethereum Consensus Layer Core Developers Meeting (ACDC), the meeting mainly discussed: Fusaka (confirming the Fusaka upgrade mainnet activation schedule, proposing to activate Fusaka on the mainnet on December 3, and BPO #1 and BPO #2 on December 9 and January 7 respectively), and Glamsterdam (discussing 8 EIPs, such as EIP 7688 introducing a new data structure, EIP 8045 preventing validator block proposals from being slashed, and EIP 8061 adding churn restrictions for validator entry, exit, and merging, and also mentioning the impact of some proposals on the Ethereum staking protocol and services. It also mentioned proposed modifications to the Ethereum protocol upgrade process documents and the Glamsterdam upgrade CL - focusing on the deadlines for EIPs).

Hyperliquid Founder: We Don't Worship "996" Because We're the Team with the Highest Barriers to Entry in the Industry In an interview with TBPN on October 22nd, Hyperliquid founder Jeff expressed a different view on the "996 culture" when discussing work intensity. He believes the key is not the length of working hours, but the quality and dedication of the work. The Hyperliquid team currently has only 11 people, yet maintains extremely high efficiency and technical standards. Jeff stated that his personal working hours far exceed 996, but emphasized that the team does not pursue a superficial "workaholic culture," but rather hopes that members will fully commit to building the future of decentralized finance out of passion and responsibility. Source:

Wu learned that ZKsync has announced the Atlas upgrade, transforming Ethereum into its real-time capital hub. This upgrade delivers 15,000+ TPS, 1-second ZK final confirmation, and near-zero fees, enabling real-time liquidity interoperability between L1 and L2. Atlas allows ZKsync-based chains to directly access Ethereum liquidity without needing to establish independent liquidity pools, fundamentally changing the L1/L2 capital structure and making Ethereum an institutional-grade real-time settlement center. Ethereum founder Vitalik Buterin stated that ZKsync has done "underrated but extremely valuable work" within the Ethereum ecosystem.

Wu learned that crypto user @KayCapital tweeted that EtherFi may be experiencing upstream and downstream issues, with a card that had not been used for any transactions or pre-authorizations being fraudulently used and suspended. EtherFi CEO Mike Silagadze responded that the team is investigating with the credit card partner and all affected users will receive a refund.

Wu learned that U.S. Treasury Secretary Scott Bessent tweeted that 17 years after the white paper was released, the Bitcoin network is still running and more resilient than ever. Bitcoin has never shut down, and Senate Democrats can learn something from this.