A Hong Kong man in his 70s lost about HK$17.2 million in a cryptocurrency investment scam. According to Foresight News, citing reports by Oriental Daily, the man left his contact details through a YouTube investment advertisement in June this year and was contacted by a fraudster posing as an investment adviser. He was added to a WhatsApp group and, following the adviser’s instructions, opened an account to buy and trade virtual currencies. From August to October, he transferred USDT and ETH worth more than HK$18 million to digital wallets provided by the scammers. After his son noticed suspicious activity in early October, the man tried to withdraw his funds and retrieved only about HK$800,000 worth of USDT. The platform then rejected further withdrawal requests, leaving him with a net loss of about HK$17.2 million. Hong Kong police received more than 40 investment fraud reports over the past week, with total losses approaching HK$50 million.

According to ChainCatcher, Tesla has opened Cybercab purchases to a limited group of invited customers, with a starting price of $29,990 and first deliveries expected in December. Buyers must pay a $1,000 deposit and subscribe to the self-driving service for $299 per month. Musk said the monthly fee is too high and should be comparable to the roughly $115 charged for other Tesla models.

According to ChainCatcher citing DefiLlama, stUSDT and wrapped wstUSDT, tokens operating on Tron and Ethereum, have begun an orderly exit. The official announcement says rebase rewards ended on November 14, 2026, when the redemption window opened. The portal will close at 7:59 PM (U.S. Eastern Time) on May 14, 2027. DefiLlama data showed stUSDT’s total value locked at about $9.49 million on November 14, down from $60.28 million a year earlier. The exit guide does not state the reason for the wind-down or specify redemption rates or fees; the team says underlying assets remain fully backed. Holders must move tokens from exchanges or platforms such as JustLend, SunSwap, and Curve to a personal Web3 wallet. stUSDT holders must unstake and claim USDT on the official site; wstUSDT holders must unwrap first. After the deadline, requests will be submitted through official customer support and processed in monthly batches through August 2027. Wallets need TRX or ETH for network fees.

Two Democratic U.S. senators have written to SpaceX CEO Elon Musk, asking him to preserve all records concerning restrictions on Ukraine’s use of Starlink and Starshield. According to Odaily, Senators Jeanne Shaheen and Chris Coons called restrictions affecting Ukraine in October and November “unsettling,” and said the vulnerabilities could exist in systems used by the U.S. government. They said the issue raised serious questions about SpaceX’s control of communications systems critical to national security and asked Musk to provide written confirmation by November 30 that all appropriate safeguards had been implemented. Starshield, developed by SpaceX as a military version of Starlink, primarily serves the U.S. government and military. Ukraine has reported multiple times since October that aircraft equipped with Starshield terminals lose connectivity when traveling faster than 160 kilometers per hour, disrupting several military missions. Musk has said the U.S. government controls Starshield and that restrictions on speed or use are determined by the U.S. military, ultimately depending on U.S. President Donald Trump. Trump has denied involvement in the speed limits.

The Ethereum community has published a draft EIP for general-purpose proof verification and batching. According to Foresight News, the proposal would enable LEANSTARK_SCHEME, which was reserved by EIP-8288, and introduce general-purpose proof verification and sponsored batch proofs. A sponsor could pay collectively for an aggregation node containing multiple claims, while members would pay for the claims they submit. Any valid subset of claims could be included without requiring new signatures. The draft also specifies verifier identity, resource limits, dependency digests, and activation thresholds based on performance benchmarks.

Blackstone’s AirTrunk filed detailed plans for two hyperscale data center campuses in southern India that could involve about 1.03 trillion rupees ($11 billion) in investment, according to Bloomberg. The project is among India’s biggest proposed digital-infrastructure developments.

Alliance co-founder Imran Khan said a recent LP dinner included a discussion about whether crypto venture capital firms are still needed. According to Foresight News, participants generally agreed they are, but perhaps for only one or two more cycles, after which crypto may become fully integrated into the broader frontier technology market. Khan described this as a positive sign of the industry’s maturation, saying the wider technology market has validated the value created by crypto. From a fund perspective, Khan said the range of crypto-only opportunities has narrowed since 2020, making it difficult for large funds to generate scalable returns through crypto alone. Expanding into areas such as robotics and physical AI is therefore a logical step. While younger technology talent is moving toward AI and robotics, Alliance data show that more existing crypto talent is leaving large companies to start independent ventures. LPs are not bearish on crypto, Khan said, but see long-term opportunities in its convergence with newer fields.

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