cryptocurrency

Warren's committee assistant stated that she plans to focus on predicting market regulation and the Trump family's cryptocurrency business after taking charge of the Senate Banking Committee in January next year.

According to data from CoinGlass, the cryptocurrency market has seen over 1.15 billion dollars in liquidations in the past 24 hours, with long positions accounting for 1.04 billion dollars.

The lower house of the Polish Parliament passed a bill to expand the scope of national sanctions, which intends to allow the Minister of the Interior to freeze cryptocurrency assets without a prior court order. The bill is still pending review by the Senate and approval by the President.

According to The Block, U.S. President Trump was questioned during an interview with 60 Minutes about foreign investments and potential conflicts of interest related to his jointly held cryptocurrency company, World Liberty Financial. He stated that he was unaware of this and claimed that the company is run by his sons.When asked why he could not sell his shares while allowing his sons to continue running the company, Trump retorted about how to withdraw cash and stated that most of his wealth is held in large Wall Street institutions and invested in index funds. The report cited previous news from The Wall Street Journal that an investment vehicle supported by UAE National Security Advisor Sheikh Tahnoon had acquired a 49% stake in World Liberty Financial for $500 million before Trump's inauguration.

According to Solid Intel, the Financial Conduct Authority (FCA) of the United Kingdom has stated that UK banks can now submit applications to engage in cryptocurrency business before the implementation of the new cryptocurrency asset regulatory framework.The FCA mentioned that companies that submit applications before February 28, 2027, and meet specific requirements can continue to operate during the review period.

Bitcoin ecosystem protocol Arch acquires the American housing financing platform Horizon, with the amount undisclosed. The latter issues home equity lines of credit secured by crypto assets, allowing users to purchase homes or access home equity without having to sell their coins first.

According to a report by the Korean News Agency, the administrative department of the South Korean National Court has established a cryptocurrency enforcement procedure. The revised "Civil Execution Rules" have been implemented since November 1, officially clarifying the seizure and liquidation procedures for virtual assets (such as Bitcoin).Previously, due to the lack of physical form of virtual assets, enforcement relied heavily on the regulations regarding "other property rights." With the surge in related cases, the court has specifically formulated enforcement rules for two scenarios: custodianship by exchanges and personal wallets, covering various liquidation methods such as seizure, transfer orders, and entrusting exchanges to sell.

According to The Block, when asked about the allegations of conflicts of interest involving himself and his family's businesses, including cryptocurrency operations, U.S. President Trump stated, "Every president has their own issues."When pointed out that no previous U.S. president has owned a cryptocurrency company, Trump responded that past presidents also held significant assets like oil and believed that cryptocurrency is essentially similar to traditional business assets. He also stated that just because he is president, he cannot require his sons to stop running their businesses during his four-year term.

According to BeInCrypto, crypto investor Evan Luthra publicly disclosed for the first time his experience of being kidnapped in Oxford, UK, in November 2025. At that time, the private vehicle he was in suddenly drove onto a remote road, where five masked men broke into the car, assaulted him, and unlocked his phone using Face ID.The attackers transferred over $1.5 million in crypto assets from his Binance account within about 30 minutes, moved approximately $600,000 in ETH from his Gate account, and stole a Richard Mille watch worth about £450,000. Luthra stated that afterward, exchanges like Binance and MEXC assisted in freezing and recovering some of the funds, with Binance returning about $370,000, and nearly $1 million has been recovered in total. Several suspects have been arrested in the case, and the trial has been postponed until November 2027.

Senator Blumenthal sent letters to Binance, Tether, and Trump-associated cryptocurrency companies, requesting cooperation with ongoing investigations and the submission of documents.

Analyst qinbafrank published an interpretation of the impact if anti-crypto Senator Elizabeth Warren were to become the chair of the Senate Banking Committee. Warren has consistently advocated for embedding anti-money laundering obligations deeply into wallets, miners, and validators, preventing banks from bringing crypto risks into the traditional lending and borrowing system, and opposing the use of tokenization to circumvent securities laws. Warren is likely to push for a stricter legislative agenda, but she will face significant resistance in actual implementation.The comprehensive tightening of crypto regulation bills will still be limited by the 60-vote filibuster threshold, and even if both chambers pass them, Trump can still exercise veto power. Therefore, hardline proposals lacking significant compromise are unlikely to directly become law. However, Warren could escalate Trump's scrutiny of crypto businesses into ongoing investigations and initiate intensive hearings targeting the SEC, CFTC, and crypto companies. While this does not equate to criminal convictions, it would significantly impact market sentiment.At the administrative regulatory level, for the next two years, the chairs of the SEC and CFTC will still be held by Republicans, who can continue to advance crypto policies within their existing statutory authority (such as the September tokenized stock trading exemption and the recent derivatives framework request for comments). Warren's oversight cannot automatically invalidate these policies, but it may slow down the process or narrow the scope of exemptions. At the same time, she can use her committee powers to obstruct Trump's nominations for regulatory agency commissioners. Analysts conclude that although hearings and investigations will bring greater pressure, the crypto regulatory environment in the next two years is unlikely to be stricter than during the period of full Democratic control from 2023 to 2024.

Meta Financial AI stated on platform X that when exchanges encounter significant crises, their platform tokens often suffer the most impact first, citing the price performance of tokens after security incidents involving FTX, WazirX, and Bitget as examples. Binance experienced a $6.3 billion hack on October 29, marking the largest hacking incident in the history of the cryptocurrency industry, approximately 16 times the losses Bitget faced in its previous attack. However, over the past 30 days (including the period during the hacking incident), SOL, XRP, ETH, BTC, and BNB fell by 18.3%, 16%, 9.7%, 7.4%, and 5.7% respectively, with BNB experiencing the smallest decline.Zhao Changpeng responded by stating that the price trends of most crypto assets are generally synchronized, with only minor percentage differences; the impact on one asset can ripple through the entire industry, making internal conflicts within the industry meaningless. He called for the cryptocurrency industry to be "decentralized but united."

The European Commission decided to establish a dedicated sanctions office during the tenth high-level sanctions measures meeting of the European Union, and to form a cryptocurrency working group within the office, responsible for addressing Russia's use of digital assets to evade sanctions. The working group is expected to operate for 12 months, with support from Ukraine and the United Kingdom.The sanctions office will coordinate member states' implementation of sanctions measures, covering policy design, implementation, enforcement support, and anti-avoidance work. The working group will focus on relevant networks, including the A7A5 digital ruble stablecoin; this stablecoin previously had a trading volume exceeding 100 billion dollars.

According to Bloomberg, over the past two years, the cryptocurrency industry has enjoyed a rare political advantage in Washington: the U.S. President has prioritized digital assets as a national priority, regulators have paved the way for it, and the Republican-controlled Congress has been sympathetic to its agenda. With the Democratic Party's significant victory in the midterm elections and control of Congress, the cryptocurrency industry is facing stricter rules and closer scrutiny of Trump's cryptocurrency business, and its political advantage is waning.The Democratic Party has indicated plans to impose stricter ethical constraints, stronger consumer protections, and to give the SEC a greater role in regulating digital assets. Cryptocurrency critics Maxine Waters and Elizabeth Warren are expected to wield greater influence in the House Financial Services Committee and the Senate Banking Committee, respectively. However, many of the cryptocurrency industry's achievements are difficult to reverse, such as the stablecoin bill which requires new legislation to be repealed.

According to Bitcoin Magazine, citing data from Stand With Crypto, the proportion of pro-cryptocurrency lawmakers among the winners of the 2026 U.S. midterm elections has risen to 69.5%, up from 2024. Bitcoin Magazine states that cryptocurrency is a bipartisan issue.

According to Bloomberg, the Brazilian digital bank Nubank has temporarily suspended cryptocurrency deposits and withdrawals in Brazil due to issues with an external service provider, while other cryptocurrency asset products are operating normally.The digital financial services platform Mercado Pago, controlled by Mercado Libre Inc., stated that a security incident at an institution providing risk monitoring and anti-money laundering services has caused instability in cryptocurrency asset transfers. The company added that as a precaution, it has blocked some transfers to external wallets.