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The American Blockchain Association stated that it has submitted comments on the proposed implementation rules for Section 3 of the GENIUS Act by the U.S. Department of the Treasury. The association recommends clarifying the scope of "digital asset service providers" to exclude self-custody software, validators, and businesses that only trade their own assets; regarding criminal liability for participating in the illegal issuance of stablecoins, it should be based on actual knowledge and substantial assistance coordinated with the issuer.The association also suggested that trading platforms could determine the compliance of foreign stablecoins based on the official issuer list and trading bans, and adjust the criteria for determining user locations in unlicensed agreements.

According to Cointelegraph, Protect Progress, an affiliated organization of the Fairshake super PAC closely related to the cryptocurrency industry, has submitted documents to the Federal Election Commission revealing that it has spent $362,000 on advertising to support Democratic incumbent Congresswoman Aisha Wahab in California's 14th congressional district, whose opponent is fellow Democrat Melissa Hernandez.Notably, Wahab defeated Hernandez with over 53% of the vote in the special election on August 18, aimed at filling the vacancy left by Eric Swalwell's resignation, which ends in January 2027. Swalwell resigned in April this year due to sexual assault allegations. Both Wahab and Hernandez were previously rated as "strongly supportive of crypto" in a questionnaire from the digital asset organization Stand With Crypto.Fairshake was established in 2023, primarily funded by Coinbase, Ripple Labs, and Andreessen Horowitz. Since the 2024 U.S. elections, the super PAC has invested tens of millions of dollars to support candidates it identifies as "pro-crypto." Its affiliated organization, Defend American Jobs, has also spent over $6.7 million opposing independent candidate Dan Osborn in the Nebraska Senate election and invested $8 million supporting incumbent Republican Jon Husted in Ohio, with total spending in that election exceeding $46 million.

According to Onchain Lens monitoring, wallets associated with BlackRock ETF have just transferred $143.04 million in assets to Coinbase Prime, including 883.001 BTC ($72.64 million) and 28,957 ETH ($70.4 million).

According to Onchain Lens monitoring, wallets associated with BlackRock ETF have just transferred $143.04 million in assets to Coinbase Prime, including 883.001 BTC ($72.64 million) and 28,957 ETH ($70.4 million).

According to Lookonchain monitoring, Bitcoin mining company MARA Holdings is suspected of selling BTC.In the past 5 days, wallets associated with MARA have transferred a total of 1000 BTC to Binance and Gate, worth approximately 82.8 million dollars.

The Financial Supervisory Service of Korea stated that it will conduct a rapid investigation into unfair trading associated with virtual asset issuance foundations in order to address behaviors that harm market order.Related content was presented in the report on the current status of supervision by the National Assembly's Political Committee, with a plan named "Strengthening User Protection for Digital Assets and Establishing a Sound Trading Order."

According to monitoring by Lookonchain, Bitcoin treasury company Hut 8 holds 10,300 Bitcoins, valued at 846 million dollars, and is currently suspected of selling Bitcoin.The wallet associated with Hut 8 (bc1q...xqka) has deposited 1,589 Bitcoins, valued at 130 million dollars, to multiple exchanges in the past two days.

According to a report by BBC, multiple X platform accounts under the Irish police (An Garda Síochána) were hacked, including @GardaTraffic with 600,000 followers and @GardaInfo with nearly 300,000 followers. The hackers removed the original brand information from the accounts and posted cryptocurrency promotional content, while also altering the account's geographical location to Amsterdam.Some posts have been flagged by the platform as being associated with banned accounts. The Irish police have been contacted for comments, and the investigation into the incident is still ongoing.

During the promotion of the GENIUS Act by former White House crypto advisor Bo Hines, the consulting firm Nxum, which he co-founded and holds shares in, established a business relationship with Tether. Tether paid over 6 million dollars to Nxum, with the related funds distributed among three partners.Although Hines has exited the daily operations of Nxum, he continued to discuss the act with partners via Signal during his tenure. After the GENIUS Act was signed into law in July 2025, Hines left in August and was appointed CEO of Tether's U.S. stablecoin business in September, raising questions about potential conflicts of interest.

Social Graph Ventures founder Jakub Rusiecki posted on X that he has joined Colosseum as Principal. He stated that he first met Clay Robbins in January 2024, during the launch of Colosseum and the upcoming fundraising for its first fund.Rusiecki mentioned that he has been following Clay Robbins, Matty Tay, and Nate Levine from the beginning and has continuously observed the team's transformation of the Solana hackathon into a company incubation pipeline. Over the past year, both parties have frequently favored the same batch of early projects and have aligned in their early investment judgments.Rusiecki also noted that the majority of current crypto venture capital is flowing into later rounds, while the next batch of companies often starts with two-person teams and hackathon projects, typically earlier than the investment timing of traditional funds. Colosseum attracts developers through hackathons, supports founders from the idea stage with accelerators, and continuously backs breakthrough projects and other companies within the accelerator with its fund. He will review hackathon submissions and plans to attend the London Breakpoint.

The on-chain data analysis platform Bubblemaps accused that wallets associated with Anglio traded in advance before recommendations were published on Pump.fun, estimating a profit of about $50,000 from trades and approximately $80,000 in recommendation rewards. Bubblemaps presents the relationships between on-chain wallets through visual bubble charts, used to identify the connections between token holders and the flow of funds.This accusation points to the recommendation behavior on Pump.fun, where certain accounts built positions before the tokens were publicly recommended. Meanwhile, Pump.fun is shifting its reward payment mechanism to focus on the earnings of followers, distributing rewards based on the returns of followers.

The Blockchain Association, the Crypto Innovation Committee, in conjunction with the Illinois state government, the Digital Chamber of Commerce, and the Illinois Blockchain Association, submitted a joint motion to the Sangamon County Circuit Court, requesting the court to expedite the hearing of two lawsuits against the state's Digital Asset Tax Act. The state government has agreed to issue an injunction to suspend the effectiveness and enforcement of the Digital Asset Tax Act until July 1, 2027.In order to make a ruling on the legality of the tax law as soon as possible, the parties have proposed a timeline for expedited summary judgment submissions: the first round of motions is scheduled to be submitted on November 4, 2026, and all relevant submissions will be completed by January 22, 2027. The parties request the court to hold a hearing between February 8 and February 19, 2027, and request the court to make a ruling by March 1, 2027, to which the state government has no objection. This timeline is subject to court approval.

Robinhood announced that its social trading network is now open to all eligible users in the United States. CEO Vlad Tenev stated on October 13 that this feature is built into the app's information feed, centered around users' trades and performance. Users can follow other traders, view shared account activities, and initiate eligible trades directly from posts through the Quick trade feature. Tenev mentioned that Robinhood Social is now available to everyone, allowing users to share charts, profits and losses, and portfolio allocations, as well as receive news and company updates.This feature was previously tested starting on March 18, initially for 1,000 customers who attended the HOOD Summit, followed by an additional 10,000 in the subsequent weeks. The early version provided verified trading posts, daily and yearly profit and loss statistics, and the ability to place orders manually from the information feed; news feeds are part of future planning. Sharing is selective: trades will not be automatically published, and customers can choose which eligible trades to publish, as well as disable trading statistics in their profiles.Access and publishable content are restricted. Social is only available in the United States, and Robinhood excludes licensed securities professionals, individuals associated with regulated financial institutions, and the company's own employees. Its help page indicates that futures and multi-leg options trades currently do not meet publishing criteria. Tenev stated that Social will be coming to Robinhood's desktop trading platform Legend in the coming weeks.

On November 12, from 15:30 to 16:30 (UTC), Gate founder and CEO Dr. Han will be invited to attend an event at The Oxford Union and take the stage to share. The event will be held at The Oxford Union located on St Michael's Street in Oxford, UK.The Oxford Union was founded in 1823 and is an independent student debating society with a history of over 200 years, regularly inviting political and business leaders, renowned actors, and Nobel Prize winners to engage in discussions. Historically, it has welcomed notable figures such as Albert Einstein.Gate was founded by Dr. Han in 2013 and has provided asset management, trading, payment, and other services to over 61 million users worldwide, connecting digital assets, fiat currencies, and payment services through Gate Money. This appearance will promote Gate's exchange with global thought leaders and the new generation of talent, expanding the connection between digital assets and traditional finance.

The cryptocurrency financial service institution BIT (formerly Matrixport) has increased its positions at addresses 0xbd1c...ff0e and 0x2371...0883 this morning, each buying 12,000 ETH, totaling 24,000 ETH, with average purchase prices of approximately $2,420 and $2,422 respectively.The ETH long positions held by the two addresses are all using 20x full leverage, with a position value of approximately $60.29 million and a total floating profit of about $2.19 million. The current price of ETH is reported at approximately $2,512, an increase of about 3.8% compared to the average purchase price of the two addresses.

With only 22 days left until the U.S. midterm elections, Fairshake, aligned with the stance of the U.S. cryptocurrency industry, and its affiliated Political Action Committee (PAC) have ramped up advertising to support their identified "crypto-friendly" candidates. According to documents disclosed by the Federal Election Commission (FEC) on Saturday, the PACs Defend American Jobs and Protect Progress have collectively spent $2.7 million on media and direct mail production to support Democratic and Republican candidates running for the U.S. House of Representatives in 2026. Fairshake's funding primarily comes from donations from investment bank Cantor Fitzgerald, cryptocurrency exchange Coinbase, and Ripple Labs.Specific expenditures include: over $76,000 for House Majority Whip Tom Emmer, $73,000 for House Agriculture Committee Chair Glenn Thompson, $512,000 for California Congressman Pete Aguilar, and $500,000 for New Jersey Congressman Josh Gottheimer. A few days earlier, Fairshake announced it would additionally support 32 House candidates in 2026, with 6 of them each receiving $1 million in media support.

According to Bitcoin.com, Ray Dalio, the founder of Bridgewater Associates, warned in an interview with Bloomberg that the United States may face a debt crisis in the next three years as interest payments on debt continue to squeeze other federal budget areas.Dalio pointed out that the U.S. government generates about $5.5 trillion in revenue each year and spends about $7.5 trillion, resulting in a fiscal deficit of nearly $2 trillion. Currently, the federal government spends about $1 trillion annually on interest payments, and when including maturing debt that needs refinancing, the total annual debt repayment and refinancing needs amount to about $11 trillion.Meanwhile, U.S. Treasury yields continue to rise, with the 10-year Treasury yield closing at 5.31% on October 5, and the 30-year yield reaching 5.66%, further increasing the pressure on government financing.Dalio suggested reducing spending, increasing tax revenue, and lowering interest rates to bring the fiscal deficit as a percentage of GDP down from about 6% to 3%. In terms of asset allocation, he previously recommended allocating 10% to 15% of the investment portfolio to gold, while Bitcoin only occupies a small proportion.

According to The Defiant, the Bitcoin wallet Xverse has completed a round of strategic financing, led by Draper Associates under Tim Draper, with participation from Trust Machines and Draper Dragon.The specific terms of this financing round have not been disclosed, and Xverse has not announced its financing amount or valuation.

According to Onchain Lens monitoring, a Gnosis Safe wallet associated with the synthetic dollar protocol Ethena withdrew 62.58 million ENA from the cryptocurrency exchange Bybit approximately 37 minutes ago, worth about 14.86 million USD.The account also noted that in the past 9 hours, the aforementioned wallet has cumulatively withdrawn 117.58 million ENA from Bybit, valued at approximately 27.96 million USD based on the price at that time.

According to Lookonchain monitoring, a wallet marked as associated with Andrew Tate transferred 20,950 HYPE to Binance on October 2, worth approximately 1.87 million USD.This wallet purchased 122,826.9 HYPE at an average price of 4.48 USD on November 29, 2024, investing about 550,000 USD; within two days, it sold 41,430 HYPE, with the majority of the remaining amount used for staking.Lookonchain estimates that the HYPE holdings of this address have accumulated profits of 7.24 million USD, with a return rate of 1317%. The address still holds 42,417 HYPE, valued at approximately 3.7 million USD based on the current price.