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According to a post by The Block reporter Sarah Wynn, the U.S. Senate Banking Committee's hearing on banking regulators has just begun.Federal Reserve Vice Chair for Supervision Michelle Bowman stated in her prepared testimony that the central bank is committed to implementing the stablecoin legislation GENIUS and plans to "provide clarity on how digital assets are handled to ensure that the banking system can effectively support digital asset activities."Bowman said, "As regulators, my responsibility is to encourage innovation in a responsible manner, and we must continuously enhance our ability to supervise the risks that innovation may pose to safety and soundness."

AI health technology platform Bitring announced that it will officially launch its new product this month. Founder Kevin Huang stated that the new product will be priced in two tiers and plans to compete with Oura in overseas markets. Among them, the 24K pure gold ring version, positioned as a jewelry-grade accessory, will be priced lower than similar products from Oura, and the company's profit model will also shift towards software subscription services.In addition, the Bitring team revealed that it has completed the first phase of buyback for early investor users. Due to regulatory restrictions, Bitring has explicitly stated that it will no longer provide services to users in mainland China.

According to Jinshi reports, Castle Fund CEO Griffin stated that President Trump is trying to encourage the Federal Reserve to implement a loose monetary policy, which has increased the risk of inflation.

According to a report by The Block, earlier this month it was announced that the U.S. Marshals Service has sold over $6 million worth of Bitcoin that was paid to the Department of Justice by Samourai Wallet developers Rodriguez and Hill as part of a plea agreement.Patrick Witt, Executive Director of the White House Digital Assets Advisory Committee, stated that confirmation has been received from the U.S. Department of Justice that, under Executive Order 14233, the seized digital assets from Samourai Wallet have not been liquidated and will not be liquidated. They will remain on the U.S. government's balance sheet as part of strategic business rules. The executive order stipulates that the Bitcoin in the reserves will come from funds seized due to criminal or civil asset forfeiture, and the Bitcoin deposited into the reserves cannot be sold.

According to Jinshi reports, Federal Reserve official Barkin stated that the CPI data is encouraging, but housing inflation is still affected by the missing data from October.

Although Executive Order 14233 stipulates that confiscated BTC must be stored in the U.S. strategic BTC reserves, the U.S. Department of Justice appears to have sold the BTC paid by the Samourai developers as part of a plea agreement. Furthermore, this is not the first time the SDNY has acted in disregard of federal guidelines in the Samourai case.

According to Zhito Finance, the General Office of the National Financial Supervision Administration has issued the "Implementation Plan for the High-Quality Development of Digital Finance in the Banking and Insurance Industries." The plan proposes to serve the development of advanced manufacturing.Utilize industrial internet and industrial knowledge graphs to enhance data collection, analysis, and application capabilities in manufacturing enterprises' production transactions, warehousing, logistics, and other aspects. Strengthen credit support for the digital transformation of manufacturing, and use technologies such as big data and blockchain to standardize the development of supply chain finance, actively connecting with the financing needs of upstream and downstream enterprises in the industrial chain. Actively use digital technology to provide insurance compensation services for major technical equipment and first batches of new materials, enhancing the ability to prevent safety risks.

Hong Kong Legislative Council member Wu Jietzhuang posted on the X platform, stating, "I am pleased to see that the Hong Kong SAR Government's Financial Services and the Treasury Bureau has new developments in promoting digital asset trading. The SAR Government has officially launched a consultation on legislative proposals for digital asset trading and custody services, which represents a further clarification of the relevant digital asset regulatory activities and responds to the needs and ideas of the market.The Hong Kong SAR Government has received numerous opinions in the past when consulting the industry about the direction of related over-the-counter trading and custody services. This legislative proposal not only establishes the legitimacy of over-the-counter trading and custody services for cryptocurrencies and digital assets, allowing the industry to operate in a more compliant manner; on the other hand, it can also combat suspected fraudulent activities that use related activities as a guise, helping citizens avoid losses. I encourage the industry to express more opinions within this month to improve the development and policies of Hong Kong's Web3."

According to Decrypt, U.S. President Trump stated that he is willing to consider pardoning convicted Samourai Wallet developer Keonne Rodriguez, noting that he has been made aware of the case.When discussing Rodriguez's case, Trump told the media, "I have heard about this case, and I will take a look." Trump then said to U.S. Attorney General Pam Bondi, who was also present, "We will keep an eye on this, Pam." Rodriguez was sentenced to five years in federal prison last month for his involvement in creating the Samourai wallet. This tool allows Bitcoin users to ensure transaction privacy without transferring funds to a third party. He is scheduled to report to federal prison this Friday.

According to The Block, Samourai Wallet co-founder William Lonergan Hill was sentenced to four years in prison by the U.S. Southern District Court of New York for assisting in the laundering of over $237 million. In addition, he was fined $250,000 and placed on three years of supervised release. He and CEO Keonne Rodriguez pleaded guilty in July, with Rodriguez being sentenced to five years in prison on November 6. The two concealed the source of funds through services like "Whirlpool" and "Ricochet," and had actively promoted their coin-mixing services on the dark web. Together, they paid a total of $6.3 million in fines.

According to Jinshi reports, George Boubouras, head of research at K2 Asset Management, stated that any solution to the government shutdown issue is clearly a good signal for the market. He pointed out that the shutdown so far has been negative for the economy, but it will strengthen the Federal Reserve's tendency towards easing policies.

According to Jin10, Federal Reserve Governor Mian expressed encouragement about the integration of stablecoins into the financial system.

According to Bloomberg, the co-founder of the cryptocurrency mixer Samourai Wallet has been sentenced to five years in prison for money laundering, having laundered hundreds of millions of dollars from illegal dark web transactions and fraud schemes. Keonne Rodriguez was sentenced on Thursday by U.S. District Judge Denise Cote, with the prison term being the maximum sentence for conspiracy to operate an unlicensed money transmission business, to which Rodriguez has pleaded guilty.

According to Bloomberg, a federal court in New York has sentenced Samourai Wallet co-founder Keonne Rodriguez to five years in prison for conspiring to operate an unlicensed money transfer business. He had previously reached a plea agreement with prosecutors and agreed to forfeit $237 million in assets and pay a $400,000 fine along with another co-founder. The case involves using mixing services to launder funds from the dark web and scams.

The U.S. prosecutors are seeking a 5-year prison sentence for Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill, citing their long-term operation of an unregistered cryptocurrency mixing service that assisted in laundering at least $237 million, including proceeds from crimes such as drugs, the dark web, hacking, and illegal content. The two pleaded guilty in July and will be sentenced separately this week.

According to Decrypt, the U.S. Attorney's Office for the Southern District of New York stated in a sentencing memorandum that Samourai Wallet founder Keonne Rodriguez and William Lonergan Hill solicited criminal users on the dark web and described "mixing" as "Bitcoin laundering." The two have pleaded guilty to "operating an unlicensed money transmission business and involving criminal proceeds," and the prosecution is seeking a maximum sentence of 5 years in prison under 18 U.S.C. §371.Authorities claim that the service laundered at least $237 million from 2015 to 2024, with the two charging fees of approximately 246.3 BTC (currently valued at about $26.9 million). Rodriguez is scheduled to be sentenced on November 6, with Hill's sentencing the following day.

ChainCatcher news, according to a report by Every Day Network, aims to promote and standardize the application of electronic documents, improve the digital level of goods trade and transportation, reduce logistics costs for the entire society, safeguard the legitimate rights and interests of parties involved in electronic document activities, and maintain national security and public interests.According to relevant laws and regulations, the National Internet Information Office, in conjunction with relevant departments, has drafted the "Regulations on Promoting and Standardizing the Application of Electronic Documents (Draft for Comments)" and is now soliciting public opinions. It mentions encouraging institutions and enterprises in the fields of goods trade, logistics, finance, etc., to recognize and use electronic documents when conducting business, enhance the digital level of business applications, and promote quality and efficiency improvements in the industry.Encouraging financial institutions to explore the use of new payment methods such as digital RMB for cross-border payments based on the characteristics of electronic documents, under the premise of legal compliance and controllable risks, and to actively and steadily carry out innovation in financial products and service models.

ChainCatcher news, former Vice President of the Bank of China, Wang Yongli, stated that stablecoins are not an essential and irreplaceable factor for the operation of the on-chain crypto world. The legislation of stablecoins will inevitably promote the legislation of the entire crypto asset sector, which will profoundly impact the crypto market landscape and may even severely backlash against stablecoins.The article analyzes that once the legislation clarifies the legality of stablecoins and crypto assets, banks and other payment institutions can connect with public chains or on-chain trading platforms to achieve on-chain deposits, supporting customers to directly convert off-chain fiat deposits into on-chain crypto fiat, thus replacing fiat stablecoins as a bridge connecting the crypto world and the real world. This will reduce the additional steps and costs for non-financial institutions engaging in the conversion between fiat and stablecoins. Wang Yongli suggested that China's focus should not be on developing a RMB stablecoin (as the space is quite limited), but rather on achieving a leapfrog development by accelerating the legislation of the entire crypto asset sector, encouraging banks and other financial institutions to move on-chain, actively promoting the development of RWA, attracting crypto exchanges to register or register in Hong Kong, and speeding up the on-chain operation of the RMB.

ChainCatcher News, U.S. Securities and Exchange Commission (SEC) Chairman Paul S. Atkins stated at the OECD Global Financial Markets Roundtable that the SEC will modernize securities regulation rules through Project Crypto, clarifying the securities status of crypto assets and providing a clear regulatory framework for companies to raise funds, trade, stake, and lend on-chain. He emphasized that most crypto tokens do not fall under the category of securities, and regulation will protect investors with a principle of minimal intervention while encouraging innovation and competition.Atkins also pointed out that artificial intelligence (AI) will combine with blockchain to promote "smart agent finance," achieving automated trading, capital allocation, and risk management, enhancing market efficiency and reducing costs. He called for international cooperation, drawing on the EU's MiCA experience to jointly advance digital asset regulation and financial innovation. The SEC's goal is to establish a globally leading crypto and AI financial ecosystem in the U.S., creating more opportunities for investors and businesses.