Bitcoin Hits New All-Time High, Surpassing Silver in Market Cap!

Bitcoin Hits New All-Time High, Surpassing Silver in Market Cap!On November 12th, Bitcoin reached a new all-time high, breaking through $89,000 per coin. As of press time, Bitcoin's market cap has reached $1

Bitcoin Hits New All-Time High, Surpassing Silver in Market Cap!

On November 12th, Bitcoin reached a new all-time high, breaking through $89,000 per coin. As of press time, Bitcoin's market cap has reached $1.758 trillion, successfully surpassing silver ($1.732 trillion), making it the eighth-largest asset globally by market cap.

Meanwhile, a series of events have recently taken place in the cryptocurrency industry, including:

• Moonlit Founder Yang Zhilin Sued by Former Investor: On November 11th, according to 36Kr, Yang Zhilin, founder of Moonlit, and Zhang Yutao, co-founder and CTO, were recently sued in arbitration in Hong Kong by investors from the Cycle Intelligence period. The law firm representing Moonlit stated that the arbitration lacks legal basis and factual grounds and will defend against it legally.

• Alipay Issues Public Apology for Service Outage: On November 11th, Alipay experienced service anomalies, affecting payment functions for some users. Alipay officials responded that the outage was caused by a local failure in the system message library, which did not affect user funds safety, and was repaired by 10:50 AM.

• FTX Sues Binance and Changpeng Zhao, Seeking Nearly $1.8 Billion: On November 11th, FTX sued Binance and its former CEO Changpeng Zhao, demanding the return of nearly $1.8 billion they claim was obtained fraudulently from Sam Bankman-Fried. FTX believes that Binance, Changpeng Zhao, and other Binance executives obtained the funds in a July 2021 stock repurchase agreement with Bankman-Fried, when FTX may have already been insolvent. Binance denies this and states it will vigorously defend against the allegations.

• WeChat Video Account Live Streaming is Testing "Karaoke Room" Feature: On November 11th, according to the WeChat public account "WeChat Pai," Video Account live streaming is testing a "Karaoke Room" feature. Users can choose "Voice" - "Karaoke Room" to create a room and invite friends or online users to sing together.

• Amazon Reportedly Developing Smart Glasses for Drivers to Shorten Delivery Times: According to Reuters on November 11th, Amazon is developing smart glasses for its delivery drivers that provide turn-by-turn navigation suggestions along the route and at each stop, aiming to shorten delivery times. An Amazon spokesperson stated that the company is committed to creating a safer and more convenient delivery experience for drivers but declined to provide further information on the product roadmap.

• Indonesian Tech Giant GoTo Signs Agreements with Tencent Cloud and Alibaba Cloud: On November 10th, Indonesian tech giant GoTo announced agreements with Tencent Cloud and Alibaba Cloud to boost cloud infrastructure and digital talent development in Indonesia. Tencent Cloud has pledged to invest approximately $500 million in Indonesia by 2030 and is building its third internet data center in the country. Alibaba Cloud aims to double the number of Indonesian cloud computing and AI talent to 800,000 by 2033 and has established skills centers at Indonesian universities to provide professional training.

These events demonstrate that the cryptocurrency industry remains vibrant and continuously evolving, attracting attention from all walks of life. However, as the industry progresses, it also brings new challenges, such as regulatory issues, security risks, and intensifying competition. It remains to be seen how the cryptocurrency industry will develop in the future.