1. After Trump was elected President of the United States, the President of El Salvador proposed repurchasing dollar bonds again, with market expectations that the close relationship between the two countries will help El Salvador gain international support.
2. Since the U.S. elections, the supply of stablecoins has increased by $5 billion, with funds pouring into the crypto market.
Since the U.S. elections, funds have been pouring into the cryptocurrency market, with the rapid expansion of stablecoin supply as clear evidence. - Original
3. The U.S. blockchain advocacy organization is calling on Congress to pass stablecoin legislation immediately to address the growing demand for usage.
According to The Block, the U.S. blockchain advocacy organization The Digital Chamber is calling on Congress to "act immediately" to pass stablecoin legislation to address the growing demand for usage. In a report released on Tuesday (How Stablecoins Sustain the Dollar's Dominance), the organization highlighted the applications of stablecoins in cross-border payments and savings, urging for rapid legislative progress. The Digital Chamber is expected to meet this week with leaders from the Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Congressional Financial Services Committee and Senate Banking Committee. The Digital Chamber President Cody Carbone expressed hope that this report will drive legislation forward, noting that countries like China and Russia are actively promoting the development of stablecoins. The report pointed out that over 98% of the circulating stablecoins globally are pegged to the U.S. dollar, and it proposed several policy recommendations, including allowing banks and non-bank institutions to issue stablecoins, ensuring 1:1 asset backing, and not treating stablecoins as securities. Carbone anticipates that stablecoin legislation could be submitted for signing by the elected President Trump by 2025, although he noted that the renewal of the tax reform bill and budget coordination could cause delays, but he expects it to be completed by the second quarter of 2025 at the latest. - Original
4. The BTC holdings of global Bitcoin ETFs have surpassed the holdings of the Satoshi Nakamoto wallet, indicating strong market demand for crypto assets.
According to a post by Trader T on platform X, with an influx of 13,000 BTC yesterday, the BTC holdings of global Bitcoin ETFs have surpassed the holdings of the Satoshi Nakamoto wallet. - Original
5. Italy has limited the upper limit of cryptocurrency tax to 28%, lower than the previously proposed 42%.
According to market news, Italy has limited the upper limit of cryptocurrency tax to 28%, instead of the previously proposed 42%. - Original
6. Starknet announced that it will launch staking functionality later this month, further enhancing the functionality of the Ethereum layer 2 project.
The renowned Ethereum layer 2 project Starknet announced on Tuesday that it will introduce staking functionality to its main network on November 26. - Original
7. BlackRock's spot Bitcoin ETF trading volume exceeded $1.5 billion in the first hour, demonstrating strong market demand.
8. Animoca Brands raised $10 million to develop Mocaverse, continuing to advance its developments in the crypto space.
Animoca Brands raised $10 million from companies including OKX Ventures, CMCC Global, and HongShan to develop Mocaverse. This new financing increases Animoca's previously raised total of $31.88 million for building a consumer network. - Original
9. Michael Saylor's MicroStrategy stock hit a historic high, reflecting market confidence in the company's Bitcoin holding strategy.
10. Coinbase CEO stated that cryptocurrency will become the next version of the stock market and the internet, looking forward to the potential of the crypto economy.
Coinbase CEO Brian Armstrong posted on platform X that while most investors have heard of Bitcoin, it will still be the most important crypto asset, but many practical functions (such as stablecoin payments) occur on Ethereum and Solana (with payment volumes expected to exceed $20 trillion this year). With World and TON (integrated into Telegram applications outside the U.S.), many activities are happening in emerging markets, as well as DeFi tokens like Uniswap and layer two scaling tokens like Optimism. Ultimately, every project, community, meme, and even individuals/AI will have a token. Of course, once some regulatory clarity is achieved, there should be a compliant way to register crypto securities for those looking to raise funds for their businesses, making capital formation more efficient. Therefore, cryptocurrency will become the next version of the stock market and the internet, with millions of tokens. As cryptocurrency continuously updates the financial system, having a broad market index is an important part of financial infrastructure. - Original
11. Federal Reserve Governor Waller stated that there is currently no need to launch a U.S. digital currency and to maintain the current monetary policy.
Federal Reserve Governor Waller stated that he still sees no need to launch a U.S. digital currency. - Original
12. U.S. Senator Cynthia Lummis stated that the strategic BTC reserve bill is expected to pass quickly during Trump's term.
Odaily Planet Daily News reported that according to Bitcoin Magazine on platform X, U.S. Senator Cynthia Lummis stated that the strategic BTC reserve bill could be passed within 100 days of Trump's term starting. - Original
13. New York State judge postponed the hearing date for Trump's "hush money" case to November 19, as the case continues to evolve.
Odaily Planet Daily News reported that a document revealed that New York State Judge Juan Merchan agreed to postpone the hearing of the criminal case involving elected President Trump regarding the "hush money" until November 19. The Manhattan District Attorney charged Trump at the end of March last year with attempting to conceal a $130,000 "hush payment" to an actress by falsifying business records before the 2016 presidential election. Trump firmly denies all charges and does not admit to having an affair with the woman involved. - Original
14. Canary Capital submitted the first Hedera HBAR spot ETF application to the U.S. Securities and Exchange Commission, reflecting the interest of investment institutions in specific crypto assets.
The crypto investment firm submitted an S-1 registration statement to the U.S. Securities and Exchange Commission on Tuesday. The document states that the fund will "provide investment in the value of the Hedera Network's native assets."
The above is a selection of hot topics from the past 24 hours. For faster news, please download AICoin (aicoin.com).
