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According to Cointelegraph, the French National Assembly passed Amendment I-2701 with 150 votes in favor, 44 against, and 8 abstentions, requiring taxpayers to report self-custodied crypto assets totaling no less than 100,000 euros (approximately 112,000 USD) to the tax authorities, with the reporting threshold calculated based on the holdings as of December 31 of the relevant tax year.In the same session, the National Assembly rejected another amendment with 69 votes against and 14 in favor, which originally aimed to exempt from tax the income from crypto payments for goods and services not exceeding 1,000 euros (approximately 1,120 USD) within the tax year. The aforementioned reporting requirement has been included in the 2027 Finance Bill and must be retained in the final legislation to take effect. The National Assembly is required to complete the first reading of the bill by November 17, and the Senate is scheduled to begin discussions on November 20.The National Assembly also postponed the vote on the revenue portion of the budget for the second time, which was originally scheduled for October 20. Faustine Fleuret, the global public affairs head of the lending protocol Morpho, stated that the revenue portion "is likely to be rejected," which could lead to the entire bill being rejected in the National Assembly, including the provisions incorporated through the passed amendments.Previously, the assembly rejected two proposals to impose an exit tax on unrealized crypto gains for taxpayers moving abroad and passed an amendment on October 16 to tax the income from converting crypto assets into stablecoins classified as electronic money tokens under EU rules.

Bitget's Greater China Regional Head, Xie Jiayin, stated during a live broadcast that Bitget is opening up the opportunity for all platform users to subscribe to the Anthropic IPO through IPO Prime.Xie Jiayin emphasized that Bitget, as a subscription channel service provider, does not make any commitments regarding project returns. The primary market IPO itself carries uncertainties, and users need to thoroughly study project materials, independently assess risks, and make their own decisions on whether to participate in the subscription.Xie Jiayin also introduced that the IPO Prime previously launched SpaceX and OpenAI, which saw increases of approximately 45% and 48% respectively one month after opening for subscription. However, past performance is only a reference for historical cases and does not represent the expected returns for this ANT.

The Hong Kong Special Administrative Region Government welcomes the Legislative Council's passage of the "2026 Taxation (Amendment) Bill" to implement the OECD's Crypto Asset Reporting Framework (CARF) in Hong Kong, as well as the revised Common Reporting Standard (CRS). The Hong Kong government stated that CARF will be implemented in Hong Kong next year, and relevant service providers must collect specified information according to the framework. The tax authority will automatically exchange tax information on crypto asset transactions with partner jurisdictions starting in 2028. The revised CRS will also take effect in 2028, with the tax authority automatically exchanging financial account information according to the new standards starting in 2029.The Financial Secretary of Hong Kong, Paul Chan, stated that implementing the latest international automatic exchange of information standards will help consolidate Hong Kong's reputation as an international financial and business center and enhance the confidence of crypto asset service providers, financial institutions, and digital asset users in operating and investing in Hong Kong for the long term. Hong Kong will conduct information exchanges on the basis of reciprocity, data confidentiality, and security. The tax authority will issue guidelines and establish a dedicated team to provide technical support and answer questions for the industry.

According to Gate market data, following the Democratic victory in the U.S. midterm elections, precious metals have become the biggest winners. Ole S. Hansen, the chief strategist at Saxo Bank, stated that gold and silver prices have risen due to a weaker dollar and declining U.S. Treasury yields.Gold prices have rebounded to $4,043 per ounce after falling below $4,000 per ounce in October, an increase of nearly 3%. Silver prices have risen about 4%, reaching $52 per ounce.

According to Gate market data, S&P 500 index futures turned positive, erasing a previous decline of up to 1.4%.

According to Gate market data, the S&P 500 index futures narrowed their decline to 0.5%, while the Nasdaq index futures fell by 0.7%.

According to CoinDesk, Russia's largest stock exchange, the Moscow Exchange, plans to launch trading for Bitcoin, Ethereum, and USDT starting December 1, with trading hours from 06:50 to 23:50 Moscow time. The National Settlement Depository will be responsible for clearing, using same-day or next-day settlement, and providing swap tools to manage liquidity.Ordinary investors must pass a test and can purchase up to 300,000 rubles (approximately $3,700) of crypto assets per year through a single broker, while qualified investors have no limit. Both the Moscow Exchange and the National Settlement Depository were sanctioned by the U.S. Treasury in June 2024. Reports indicate that USDT is issued by Tether, which will freeze wallets on the U.S. Treasury's sanctions list. Anatoly Popov, Vice Chairman of the Moscow Exchange, has stated that under the new regulations, Russia's crypto trading volume could reach 4 trillion rubles, approximately $49 billion, in the first year.

According to the election forecasting agency Decision Desk Headquarters (DDHQ), Democrat James Talarico is predicted to win the federal Senate seat in Texas, defeating Republican Ken Paxton. This marks the first significant victory for the Democrats in Texas since 1988.This result brings the Democrats closer to regaining a majority in the Senate. The Democrats need a net gain of 4 seats to retake the Senate majority, and according to U.S. media predictions, the Democrats have flipped and won in the Senate elections in North Carolina and South Carolina.

On-chain lottery protocol Megapot announced that it will close the official application megapot.io and the Telegram application on December 1, shifting its focus to the enterprise-level lottery platform Prizerail, which operates independently of the protocol. Public information shows that the project has received support from Dragonfly and Coinbase Ventures. Megapot stated that the protocol itself will not change, remaining fully on-chain and permissionless, and applications or tokens built on this protocol can continue to operate. As of October 29, the official website and Telegram mini-program have stopped ticket sales; the liquidity supporter program, registration rewards, referral rewards, and guaranteed bonuses have all ended, and the points program is suspended. Bonuses that have been earned can still be claimed, and users can currently withdraw their balances without identity verification.Megapot explained that after December 1, on-chain lottery bonuses and referral fees can still be claimed through Basescan or third-party applications; guaranteed bonuses belong to off-chain projects and must be claimed before that date, with bonuses in the form of free lottery tickets available for claim in USDC. Accounts logged in with email, X, or Telegram must withdraw funds before December 1, after which the accounts will be unavailable; users who connect their wallets independently will still own their lottery tickets and bonuses. Liquidity providers can continue to provide liquidity or withdraw at any time, and the team stated that no new supporter programs will be launched. The data interface is currently considered deprecated, and the team will no longer maintain it, with services set to stop later.Regarding the reasons for the adjustment, Megapot stated that most applications use lotteries as rewards for deposits, transactions, and referrals, with the majority of the protocol's transaction volume coming from this usage. To serve larger-scale applications, the team launched the enterprise brand Prizerail, which generally requires compliance with U.S. regulations, provides legal memorandums to payment service providers, and does not wish to be associated with betting. The team stated that they have communicated with legal advisors and will provide the above capabilities independently of Megapot. Among the 20 potential clients generated after the introduction in Singapore, 19 chose Prizerail, and only 1 chose Megapot. There are already dozens of independent applications on the protocol, which have paid out over $1 million in bonuses, with ticket sales increasing threefold in the past three months, and the liquidity pool in the past month not relying on incentives for the first time.

VanEck's Head of Digital Asset Research, Matthew Sigel, stated that the total supply of stablecoins decreased by $11.5 billion to $291.2 billion within 30 days, with Tether and Circle accounting for about three-quarters of the decline.

Zach Pandl, the head of research at Grayscale, published an analysis article pointing out that although the hacking attack on Binance on October 19 raised the security losses in the cryptocurrency industry to over $8 billion, a new high for 2026, the proportion of security losses relative to the total market value of cryptocurrencies has significantly decreased in the long term. Currently, Binance has covered 95% of the affected assets, and customers will not bear the losses.Stablecoin issuers like Tether and Circle have assisted in freezing approximately $2.9 billion of stolen funds, accounting for about 45% of the total stolen amount, which is expected to be returned to Binance. Zach Pandl believes that while this incident has temporarily impacted market confidence, it will ultimately drive all exchanges to establish stricter security practices, while also highlighting the importance of institutional-grade custody, prompting more U.S. investors to gain exposure to cryptocurrency assets through exchanges that offer protections such as segregated accounts, cold storage, multi-signature, and commercial insurance.

According to CryptoBriefing, Ethereum Foundation researcher Justin Drake announced on November 3 that leanVM has achieved end-to-end formal verification. leanVM is a minimalist zkVM designed for efficiently aggregating hash-based post-quantum signatures, packaging multi-signatures into compact proofs. In terms of performance, leanVM can handle over 1000 leanXMSS aggregations per second; leanXMSS is a hash-based signature scheme planned to replace BLS at the consensus layer.At Devcon 8, Drake adjusted the target date for Ethereum's full transition to post-quantum security to December 2028, in order to allow space for the network forks needed for the transition. This plan relies on three open-source projects: leanVM, leanXMSS, and leanSpec. The Ethereum Foundation is developing open-source implementations and advancing formal verification, while also encouraging innovation through incentives like the Poseidon Prize. The report noted that the formal verification of leanVM proves that the code meets specifications, but December 2028 remains a target rather than a commitment.

According to Cointelegraph, the Moscow Exchange plans to launch trading for Bitcoin, Ethereum, and Tether's USDT on December 1, calling it Russia's first organized digital currency market.The exchange stated that pilot trading will begin simultaneously as participants gradually access the platform, with trading relying on its existing stock market infrastructure and clearing completed through the National Clearing Center (NCC). Trading hours will be from 6:50 AM to 11:50 PM Moscow time, initially supporting same-day and next-day settlements as well as swap trading. Non-qualified investors must pass a test before purchasing cryptocurrencies, and each brokerage has an annual purchase limit of 300,000 rubles (approximately $3,700).The plan is advancing based on a cryptocurrency law in Russia, the main provisions of which took effect on September 1. This law allows regulated trading but still prohibits the use of cryptocurrencies for payment of goods and services within Russia. The Moscow Exchange and NCC have been under U.S. sanctions since June 2024, with the UK also imposing sanctions that year, and the EU listing them on the sanctions list in July 2026.Sergey Mendeleev, founder of the Russian cross-border payment platform Exved, told Cointelegraph that he doubts the market will attract significant demand and questions who would trade at a sanctioned exchange.He expects the trading conditions to lack competitiveness, comparing it to the precious metals accounts of Sberbank, and warns that investors may face "extremely outrageous spreads," believing that the product is completely unattractive to ordinary non-qualified investors. However, he is optimistic about its cross-border payment potential, stating that a venue allowing importers and exporters to buy and sell cryptocurrencies directly would be welcomed, but whether adding intermediaries is competitive in a market where traders negotiate spreads as low as 0.05% remains questionable.

The on-chain data analysis platform Santiment stated that since Binance was hacked, the supply of ETH on the trading platform has decreased in two phases, but only one of these phases coincides with the timing of the hacker's fund transfer. Data shows that as of the close on October 28, the ETH held by the trading platform accounted for 3.56% of the total ETH supply; by the close on November 2, this ratio had dropped to 3.20%. More than half of the decline occurred on October 29, the day Binance was hacked.Data from TRM Labs shows that approximately 200,630 ETH was transferred out of Binance's hot wallet on October 29. However, the amount of ETH held by major trading platform addresses did not decrease on October 29; instead, it increased by about 39,000 ETH. Subsequently, from November 1 to November 2, as the platform reopened withdrawals, the holdings of related addresses decreased by about 313,000 ETH.From October 28 to the close on November 2, the ETH held by major trading platform addresses decreased by approximately 297,000 ETH, a decline of about 5.4%. Santiment stated that currently, based solely on trading platform data, it is not possible to determine where these ETH ultimately went, nor can it be judged whether they were transferred to cold wallets or moved to other trading platforms.

According to CoinDesk, Bitcoin mining company turned data center developer Cipher Digital reported a net profit of 31.6 million USD for the third quarter, despite a 63% year-over-year decline in revenue. Revenue fell from 71.7 million USD in the same period last year to 26.7 million USD, with Bitcoin mining contributing 20.8 million USD, a 71% decrease, as Cipher shifted its computing power from mining to leasing data centers to AI companies.This quarter, Cipher generated revenue from this business for the first time, with its Texas Black Pearl data center bringing in 5.9 million USD after commencing operations in August. Cipher reported an operating loss of 71.9 million USD, up from 37.6 million USD in the same period last year; adjusted EBITDA dropped from a positive 40.8 million USD to a negative 10 million USD. The net profit mainly came from a 127.2 million USD non-cash accounting gain related to warrants from Google, which does not represent cash actually received by Cipher. Recently, Cipher extended the lease term for the Barber Lake data center to 20 years, bringing the site's contract revenue to approximately 9.1 billion USD.

According to Bloomberg, at the Global Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority, Wall Street executives stated that capital markets will continue to provide financing for global AI infrastructure development. Morgan Stanley CEO Ted Pick expects that cumulative spending on AI could reach $15 trillion over the next decade, with the largest tech giants potentially investing between $800 billion and $1 trillion annually over the next 7 to 12 years. Pick noted that we are currently about in the third inning of a nine-inning game.Goldman Sachs CEO David Solomon stated that as investors assess the surge in demand for AI and computing power, capital markets still have the capacity to absorb this, and the demand for financing will be strongly met. He reminded that technological supercycles rarely progress in a straight line, and the main constraint on transaction scale is the cost of capital rather than the availability of funds. Pick expects that long-term returns will be sustainable, with productivity gains potentially driving U.S. real GDP growth by 50 to 70 basis points each year. Solomon also mentioned that accountability for AI should ultimately rest with individuals rather than systems.

JoAnne Bianco, Senior Investment Strategist at BondBloxx Asset Management, stated that if labor market data weakens, consumer demand slows, or financial conditions tighten, it may reduce the likelihood of a Federal Reserve rate hike in December.Current money market pricing shows a 74% probability of a 25 basis point rate hike by the Federal Reserve in December.

According to The Wall Street Journal, the International Energy Agency (IEA) stated that due to the impact of the Iran war, global liquefied natural gas (LNG) supply may face a record annual decline.