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According to reports from Xinhua News Agency citing American media, senior Democratic Party officials in Congress have confirmed that after the Democratic Party officially takes control of Congress in January next year, several senior officials from the Trump administration, including Secretary of State Rubio, may become targets of investigations and impeachment.Senior Democratic members of the House of Representatives and the Senate have stated that they are considering launching investigations and holding congressional hearings, potentially initiating impeachment proceedings, with targets including Secretary of State Rubio, Secretary of Commerce Howard Lutnick, White House Chief of Staff Stephen Miller, and Border Affairs Director Tom Homan. Reports indicate that although the impeachment attempt against Secretary of Defense Hegseth was unsuccessful this week, the Democratic Party's oversight investigation plans extend far beyond just him.

According to a report by Reuters, three informed sources stated that Microsoft and other companies and industry groups are urging the Trump administration to stop plans to ban the import of key components for AI data centers from China. The Federal Communications Commission (FCC) is advancing a related ban involving new optical modules from China, which are used to transmit data via fiber optics within data centers and connect servers, routers, and switches. Microsoft has met with officials from the White House Office of Science and Technology Policy and the National Security Council to explain the supply chain challenges that the ban could bring.John Miller, Vice President of Policy and General Counsel at the Information Technology Industry Council, stated that many cloud service providers have procured AI chips, and without optical modules, these chips will not be able to interconnect. According to Cleanview data, Microsoft currently has 35 data centers under construction in the United States, with another 134 planned. Counterpoint Research data shows that Chinese companies account for about two-thirds of the global optical module market, with Eoptolink and Zhongji Xuchuang as major suppliers.

The National Internet Information Office of China has launched the "Internet New Technology and New Application Information Service Filing System," which can integrate the filing of new technologies and applications such as generative artificial intelligence, algorithms, deep synthesis, and blockchain. The system officially went live on November 9, and the original "Internet Information Service Algorithm Filing System" and "Blockchain Information Service Filing Management System" have been simultaneously discontinued.

According to Axios, White House Deputy Chief of Staff Richard Walters will leave the Trump administration. He is the first senior official to depart in a round of personnel adjustments expected as new White House Chief of Staff Stephen Miller prepares to take over the staff team. As a close confidant of outgoing White House Chief of Staff Susie Wiles, Walters' departure signifies that the power transition within the West Wing is underway.As Miller's team prepares to take on more significant roles, the internal personnel landscape of the White House will also change. Walters is one of Wiles' closest political aides, and their collaborative relationship has lasted over a decade. Sources indicate that Walters submitted his resignation on Friday, and after friendly negotiations between the two parties, it was decided that he would leave.

According to Gelonghui, Xiao Yuanqi, Deputy Director of the China Financial Regulatory Bureau, stated at the Fifth International Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority that a large influx of capital into the technology sector and leading enterprises has raised the leverage levels in these areas, which may lead to excessive expansion.Xiao Yuanqi mentioned that the excessive concentration of capital has an crowding-out effect on traditional industries, raising the borrowing costs for these enterprises, increasing their financial burdens, weakening their ability to reinvest and expand production, and also increasing credit risks. He believes that policymakers should develop corresponding policy frameworks in advance for the AI-driven economic transformation to strengthen macroeconomic management and prevent economic and financial risks.

The People's Bank of China, the Financial Regulatory Administration, and the China Securities Regulatory Commission held a seminar to support two tools for the capital market.The meeting proposed that to maintain the stability of the capital market and enhance market resilience and confidence, the People's Bank of China, the Financial Regulatory Administration, and the China Securities Regulatory Commission will continue to strengthen policy support, further optimize policy elements and implementation details, and encourage financial institutions to effectively utilize policy tools.Timely conduct swap facilitation operations among securities, fund, and insurance companies, further increase the number of participating institutions, appropriately lower swap rates, and optimize pledge and operational models.The stock repurchase and increase in re-lending policy will shift from a phased arrangement to a long-term institutional arrangement, with the re-lending rate reduced from 1.25% to 1%; financial institutions will adhere to the principle of market-based pricing, reasonably add points based on the re-lending rate, and increase loan disbursement.

On October 30, 2026, Zhu Hexin, Secretary of the Party Leadership Group and Director of the State Administration of Foreign Exchange, presided over a Party Leadership Group meeting to convey and study General Secretary Xi Jinping's important speech at the Fifth Plenary Session of the 20th Central Committee of the Communist Party and the spirit of the plenary session, and to research and deploy the implementation work. Members of the Party Leadership Group of the State Administration of Foreign Exchange attended the meeting.The meeting required resolute implementation of the major decisions and deployments of the Party Central Committee. It emphasized the serious implementation of the "14th Five-Year Plan" requirements, improving a more convenient, open, secure, and intelligent foreign exchange management system and mechanism, promoting deep-level reforms and high-level openness in the foreign exchange field, effectively managing the "five major tasks" of finance, maintaining the stability of the foreign exchange market and the national economic and financial security, severely cracking down on illegal cross-border financial activities, strengthening the capacity building for foreign exchange reserve management, and effectively following the path of financial development with Chinese characteristics.

The prediction market platform Myriad announced that due to the administrator wallet being compromised, 10 prediction markets have been voided. According to the official statement, the holders on both sides of the affected markets will receive automatic refunds calculated at the price before the attack, but bonuses already received will be deducted.Myriad is a prediction market platform that allows users to bet on the outcomes of real-world events. After the administrator wallet was compromised, the platform decided to void the related markets and promised automatic refunds to the holders. The refunds will be calculated based on the price before the attack, and bonuses already received will be deducted from the refunds.

According to South Korean media Digital Asset, the Second Division of the Seoul Administrative Court held its first hearing on October 22 regarding the administrative lawsuit between Bithumb and the Financial Intelligence Unit of Korea (FIU). The FIU determined that between August 28, 2022, and April 3, 2025, Bithumb conducted 45,772 transactions with 18 unreported cryptocurrency operators, and based on this, imposed sanctions, including a partial suspension that restricts new customers from transferring cryptocurrency assets externally for six months.Bithumb stated in court that transactions of 1 million won or more are subject to the "travel rule," and unreported operators have been excluded from the list of optional exchanges, thus the number of violations for this amount range is zero. Transactions below 1 million won were not subject to the travel rule at that time, and the platform had no legal basis to require customers to provide information about the receiving exchange, nor did the regulatory authorities specify a blocking method. Bithumb also mentioned that after integrating the Chainalysis API, only about 2% of the addresses that could not be confirmed were later identified as unreported operators designated by the FIU. If all were blocked, the remaining 98% of normal transactions would be affected, and the platform could also face user claims.Bithumb also believes that the six-month sanction is excessive, effectively equivalent to prohibiting the platform from acquiring new customers. The company also questioned the FIU's criteria for identifying overseas operators and the reasonableness of the basis for the sanctions.

The National Radio and Television Administration released the "China-ASEAN Micro Short Drama International Communication Development Report." The report states that micro short dramas, as a new form of online audio-visual content that originated in China, are becoming the fourth largest global audio-visual product form after American films, Japanese animations, and Korean dramas. The cooperation in micro short dramas between China and ASEAN is deepening, becoming an important carrier for China-ASEAN digital economy cooperation and cultural exchanges.The report indicates that the market size of micro short dramas in China continues to grow rapidly. By 2025, a total of 33,000 micro short dramas will be launched nationwide, and from January to September 2026, the number of launched micro short dramas will reach 490,000, which is 13 times that of the entire year of 2025. The user base of micro short dramas has reached 850 million, with monthly active users exceeding 600 million. By 2026, the overseas micro short drama market outside of China will exceed $6 billion, a year-on-year increase of 67% compared to 2025.The report also states that platforms with a Chinese background dominate the global market. From January to September 2026, all of the top 10 micro short drama apps in terms of downloads in overseas markets have a Chinese background, and among the top 10 platforms in terms of in-app purchase revenue, 9 are also of Chinese background.

According to the official website of the State Taxation Administration, the Taxation Administration has issued a reminder for offshore trust taxpayers to declare and pay individual income tax on offshore trust income before the transition period ends on October 22. Those who complete the declaration and payment during the transition period will not incur late fees.According to the "Announcement on Matters Related to Individual Income Tax for Offshore Trusts" (Announcement No. 21 of 2026) issued by the Ministry of Finance and the State Taxation Administration on July 24, offshore trust taxpayers are required to declare and pay taxes on offshore trust income. The announcement provides taxpayers with a 90-day transition period, during which the tax authorities will offer tax guidance and tax filing services.

According to The Defiant, the HashKey Chain administrator transferred 142,818 USDT by temporarily replacing the contract, and about six minutes later, the original deposit code was restored. HashKey Chain is an Ethereum Layer 2 network launched by HashKey Group, primarily aimed at compliance and institutional-level application scenarios.The report shows that this temporary replacement did not change the final state of the deposit code, but a multi-signature composed of five members, requiring three signatures, still retains the immediate upgrade authority, allowing upgrades to the contract to be executed without a time lock delay.

The National Credit Union Administration (NCUA) released a proposal for a stablecoin report on October 9, which aims to add 26 new data fields to the quarterly financial report Form 5300, applicable to federally insured credit unions engaged in stablecoin activities, with a target implementation date of March 31, 2027.Among the proposed new fields, 8 relate to reserve assets held for authorized third-party issuers, 9 pertain to the custody and control of cryptographic keys, 5 involve financial exposure to issuers, and another 4 concern payment-type stablecoins held on the institution's balance sheet. This information collection is expected to cover 4,224 federally insured credit unions, with an annual reporting workload of 794,112 hours, and a complete quarterly report averaging 47 hours. The NCUA will seek public comments before December 8, and the feedback will be publicly submitted as part of the approval application.

According to the monitoring by the National Climate Center of the China Meteorological Administration, since September, the sea temperature in the equatorial central eastern Pacific has continued to rise, with the sea temperature index breaking 3°C for the first time.It is expected that around November, the peak of the sea temperature index will reach 3.2°C to 3.5°C, forming the strongest super El Niño event on record.

According to informed sources, the Trump administration is considering launching an overseas stablecoin program, which may take the form of a joint venture with private enterprises. The Department of the Treasury, the State Department, and the U.S. International Development Finance Corporation (DFC) may all participate to expand the use of the U.S. dollar and support demand for U.S. Treasury bonds.Tether's latest reserve report shows that as of June 30, it directly holds $11.496 billion in U.S. Treasury bonds, with total reserve assets of $18.775 billion, exceeding liabilities by $4.11 billion. The plan has not yet established a partnership with Tether and has not yet become an officially operational project.

According to sources, Russian presidential envoy Dmitryev will travel to the United States for a new round of talks with members of the Trump administration.

Cosmos ecosystem DEX Astroport stated that the attack event that occurred on Neutron may have led to the theft of administrator privileges for the Astroport contract. Neutron has suspended chain operations for investigation.Astroport advises users to withdraw liquidity from all Astroport liquidity pools.

The French Council of State rejected the urgent application filed by the cryptocurrency companies Bull Bitcoin and Paymium, refusing to immediately suspend the implementation of the French decree enforcing the EU Directive on Administrative Cooperation No. 8 (DAC8).The applicants argued that the centralized collection of personal and financial data from digital asset users could lead to data breaches, extortion, and personal safety risks. The court found that the applicants failed to demonstrate an urgent situation sufficient to support an emergency suspension. The lawsuit seeking to fully revoke the decree by Bull Bitcoin is still under review. DAC8 will take effect in the EU on January 1, 2026, and registered service providers must complete their first declaration for the year 2026 by September 30, 2027.

User MaxForAI stated that the National Internet Information Office recently reported a case of illegal API relay station. On September 15, the Internet Administration of China announced a batch of internet law enforcement cases, where two websites operated by a technology company in Jiangsu used an API relay station to call multiple large model product interfaces, providing services such as dialogue and Q&A without conducting safety assessments as required, posing content safety risks, and violating the "Interim Measures for the Management of Generative Artificial Intelligence Services" and other regulations.The local internet information office ordered rectification, imposed strict penalties on those responsible, and issued a warning. The user mentioned that the above description aligns with the details of the large model relay platform "Zhixin Token" launched by Jiangsu Biying Technology under Suning.com in July this year, which aggregated multiple mainstream large models to provide a unified API service through two service domain names.

Yushu Technology Co., Ltd. has recently undergone a business change, with the registered capital increased from 364 million yuan to 404 million yuan; the registration authority has changed from the Market Supervision Administration of the Hangzhou High-tech Industrial Development Zone (Binjiang) in China to the Market Supervision Administration of Zhejiang Province, China.