Summary of Important Developments on November 7
7:00 - 12:00 Keywords: Musk, Harris, Coinbase
1. SOL Breaks $190:
- The price of Solana (SOL) has broken $190, showing strong upward momentum.
2. Musk's donations in the election have yielded over 150 times return:
- Musk's donations during the election have yielded over 150 times return, demonstrating his influence in politics and the market.
3. Harris loses election, Biden criticized for not withdrawing early, leading to this outcome:
- Harris lost in the presidential election, with critics pointing out that Biden's failure to withdraw in a timely manner led to this result.
4. Chinese police dismantle gang using virtual currency for money laundering, involved amount exceeds 800 million yuan:
- Chinese police successfully dismantled a criminal gang using virtual currency for money laundering, with involved amounts exceeding 800 million yuan.
5. Ethereum whale address dormant for over 8 years starts selling over 11,000 Ethereum:
- An Ethereum whale address that had been dormant for over 8 years has started selling over 11,000 Ethereum, attracting market attention.
6. In the past 12 hours, Tether Treasury injected 1.845 billion USDT into exchanges:
- In the past 12 hours, Tether Treasury injected 1.845 billion USDT into exchanges, increasing market liquidity.
7. Coinbase Chief Legal Officer states: hopes SEC will stop suing cryptocurrencies and instead start formulating relevant rules:
- Coinbase's Chief Legal Officer calls for the SEC to stop lawsuits against cryptocurrencies and instead formulate clear regulatory rules to promote healthy industry development.
8. Coinbase CEO states: from a policy perspective, cryptocurrencies will continue to exist until the industry is established in the U.S.:
- Coinbase's CEO stated that from a policy perspective, cryptocurrencies will continue to exist and establish a mature industry in the United States.
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