The three major storage giants' on-chain contracts have rebounded more than 20% from their lows, yet trading volume and open interest continue to contract.

According to monitoring by Onchain Lens, a crypto whale purchased and withdrew 678.4 ZEC from Binance, with the transaction valued at approximately $667,800.

According to official news, WEEX has launched a GRAM trading airdrop event with a total prize pool of 50,000 USDT. During the event, new users who make a net deposit of ≥100 USDT and complete their first spot trade with GRAM (no volume limit) will immediately receive a 10 USDT reward. If the first GRAM spot trade results in a loss, users can get compensation from the WEEX platform, with a maximum bonus of 50 USDT. Users with a cumulative GRAM spot trading volume of ≥500 USDT can unlock a lucky mystery box worth 5 to 50 USDT. Inviting friends to participate in the event offers a maximum reward of 1,000 USDT.

Layer 2 (L2) network Katana announced it has completed three acquisitions: the Sushi deployment on Katana (now rebranded as Katana Swap), IDEX (now Katana Perps), and Vault Bridge, a native yield-generating protocol. It also updated its tokenomics: vKAT and its voting mechanism will be deprecated, with holders able to earn yields by staking into avKAT. Starting November 17, a portion of fees from Swap, Perps, Vault Bridge, and sequencer operations will flow to avKAT, with a planned programmatic buyback to follow. The unstaking cooldown period has been shortened from 45 days to 7 days.

Beating AI News: UK-based AI chip startup Fractile has secured $720 million in Series C funding, pushing its post-money valuation to $7 billion. In May this year, the firm had just raised $220 million at a valuation of roughly $1.1 billion. In less than six months, its valuation has surged 6.4-fold. What makes the company particularly notable is that it has not yet launched a mass-produced chip, yet it has drawn investments from prominent firms including Founders Fund, Google’s CapitalG, and Lightspeed, with even the UK government’s sovereign AI fund participating. Fractile aims to address the memory bottleneck in AI inference. Every token generated by large models requires repeated reads of model parameters and context. Even if a chip has strong computing power, if memory transfer speed lags, the compute units will be forced to wait for data. Fractile’s solution is to stack custom DRAM memory directly on top of compute chips, rather than placing high-bandwidth memory (HBM) alongside chips as mainstream GPUs do. The firm aims to significantly boost data transfer speeds while retaining large memory capacity. Founder Walter Goodwin claims the design could accelerate AI inference response speeds by 10x. Partnership rumors between Fractile and Anthropic have also circulated. In August this year, Bloomberg cited sources familiar with the matter as saying the two sides had reached a preliminary chip purchase agreement worth around $250 million. However, the Financial Times’ latest report is more cautious, stating only that Anthropic intends to be an early customer. Fractile plans to deliver its first batch of chips and systems in 2027.

According to Lookonchain’s monitoring, whale address 0x3C71 has deposited its remaining 102 million ENA (valued at $15.6 million) into Coinbase over the past two days. The whale received 142.92 million ENA (worth $69.69 million) from Ethena two years ago, and has now fully sold all of its ENA holdings at an average price of $0.24 per token.

According to TradingBeats' monitoring, Nebius (NBIS) closed 18.32% higher in US stock trading overnight, reaching $158.55. A whale address starting with 0x8d60 added long positions during the rally, opening approximately $2.81 million in NBIS long contracts this morning using 1x isolated margin, with an average entry price of $157.48. After US market close, NBIS on-chain contracts briefly climbed to $159.12 before quickly retreating to a low of $145.38, a roughly 8.6% drop from the peak. As of 10:53 AM, the contract rebounded to $152.54, still about 3.1% below the whale’s average entry price. The whale currently holds around $2.7 million in long positions, with an unrealized loss of approximately $87,400. NBIS contracts have recorded around $76.44 million in 24-hour trading volume, with open interest rising roughly 14% from the same period yesterday, and nominal open interest standing at about $32.13 million. Nebius is scheduled to release its third-quarter financial results ahead of US market trading today, and hold a conference call at 21:00 Beijing time. Earlier, peer CoreWeave reported record quarterly revenue and raised its full-year revenue guidance, driving a rebound in AI cloud service stocks including Nebius and IREN.