1. Informed sources: Trump team plans to authorize CFTC to regulate the digital asset market
According to FOX Business citing informed sources, the Trump team plans to expand the powers of the Commodity Futures Trading Commission (CFTC), authorizing it to oversee a large portion of the digital asset market. Former CFTC Chairman Chris Giancarlo stated, 'If there is sufficient funding and the right leadership, I believe the CFTC can begin regulating digital commodities on the first day of Trump's presidency.'
2. Brazilian Congress will consider establishing Bitcoin reserves to hedge global risks
According to Cointelegraph, Brazilian Congressman Eros Biondini recently proposed a bill aimed at establishing a sovereign strategic Bitcoin reserve called RESBit. According to the bill, the Bitcoin reserve can protect the country's sovereign reserves from currency fluctuations and geopolitical risks, and can also serve as collateral for the country's upcoming central bank digital currency (referred to as Real Digital (Drex)). Under the proposed bill, the Bitcoin reserve will supplement the existing financial assets through phased purchases, up to 5% of the country's reserves. The central bank will still manage these assets through a public system powered by blockchain and artificial intelligence technology, supported by a technical advisory committee composed of security experts. Additionally, the bill includes penalties for non-compliance with RESBit regulations or mismanagement of RESBit, stating that violators may face administrative or criminal sanctions.
Currently, the Speaker of the Brazilian House of Representatives is reviewing the bill, which will be submitted to various committees for debate once approved.
3. The New York Stock Exchange Arca has applied to list Bitcoin and Ethereum ETPs provided by Bitwise
Bitwise has submitted documents to the US Securities and Exchange Commission (SEC) to apply for listing Bitcoin spot and Ethereum spot ETPs on the New York Stock Exchange Arca and has submitted an S-1 registration statement. Bitwise stated that its goal is 'to allow investors to access the world's two largest cryptocurrency assets in an easily accessible form.' The document did not propose a date for the proposed public offering, only stating that it would be listed 'as soon as possible' after the S-1 form becomes effective.
4. Trump family's cryptocurrency project WLFI appoints Sun Yuchen as an advisor
The Trump family's cryptocurrency project World Liberty Financial (WLFI) has appointed Sun Yuchen as an advisor. Previously, Sun Yuchen announced a $30 million investment in WLFI, becoming the project's largest investor.
5. Ripple will donate $25 million to Fairshake
Ripple CEO Brad Garlinghouse announced that the company will continue to donate $25 million to the cryptocurrency political action committee (PAC) Fairshake to help elect 'candidates who support cryptocurrency, support growth, and support innovation.'
6. US appeals court rules OFAC overstepped its authority in sanctioning Tornado Cash
According to Cointelegraph, the US Fifth Circuit Court of Appeals overturned a lower court's ruling, stating that the Office of Foreign Assets Control (OFAC) overstepped its authority when sanctioning the immutable smart contract Tornado Cash. Three judges pointed out that while the Treasury has the authority to act on 'property,' since Tornado Cash's smart contracts are immutable and cannot be controlled or owned, they do not constitute property under the International Emergency Economic Powers Act (IEEPA).
7. Valour launches Valour Dogecoin ETP on the Swedish Spotlight stock market
DeFi Technologies subsidiary Valour has launched the Valour Dogecoin (DOGE) ETP on the Swedish Spotlight stock market, the first Dogecoin ETP launched in the Nordic region. The management fee for this ETP is reported to be 1.9%.
8. US listed company Banzai's board approves the purchase of Bitcoin as reserve assets
US listed marketing technology company Banzai International announced that its board has approved the purchase of Bitcoin as a financial reserve asset, up to 10% of the company's corporate financial accounts, thus achieving diversification of financial assets and hedging against inflation.
9. Japanese listed company Remixpoint announced that it will increase its holdings of Bitcoin worth 500 million yen
According to Coinpost, Japanese listed company Remixpoint announced that it will increase its holdings of Bitcoin worth 500 million yen (approximately $3.27 million), expanding its total investment in cryptocurrencies to approximately 3.5 billion yen (about $22.92 million). The company plans to complete the acquisition by the end of this year while monitoring market conditions. In September, Remixpoint disclosed the purchase of approximately $5.27 million worth of cryptocurrencies, including Bitcoin, Ethereum, SOL, and AVAX.
10. Oracle again sues cryptocurrency startup Crypto Oracle and its owner for trademark infringement
According to Cointelegraph, software development giant Oracle has sued cryptocurrency startup Crypto Oracle and its owner Louis Kerner in a federal court in California, claiming trademark infringement and 'flagrant violation' of a previous settlement agreement.
Oracle initially sued the cryptocurrency company in 2019, and the two parties later reached a confidential settlement. A permanent injunction was issued by the court in 2020, prohibiting Crypto Oracle from using 'CryptoOracle' or any variant of the Oracle trademark. Oracle stated that now Crypto Oracle and Kerner have resumed using the 'CryptoOracle' name and brand and are hosting events under the 'CryptoOracle Collective' brand, violating the settlement agreement and court injunction.
11. DBS Hong Kong: Treasures and Private Banking customers can trade cryptocurrency ETFs
According to reports from Wen Wei Po, DBS Hong Kong announced that all DBS Treasures and DBS Private Banking (PB TPC) customers can start trading cryptocurrency exchange-traded funds (ETFs) on the DBS Digibank app starting today. In addition, the virtual asset knowledge customer confirmation has officially launched. The minimum requirement for DBS Treasures customer accounts is a deposit of HKD 1 million, while the minimum requirement for DBS Private Banking customer accounts is a deposit of HKD 8 million.
12. Tether stops issuing EURT due to the European regulatory environment
Tether will stop supporting its euro stablecoin EUR₮. This decision is based on the increasingly complex regulatory environment for stablecoins in Europe, while Tether will prioritize supporting new projects, such as the new stablecoins EURQ and USDQ launched in cooperation with Quantoz Payments in compliance with MiCAR regulations. Tether will also provide efficient compliance support for asset issuance, including stablecoins, through its technology platform Hadron. Existing EUR₮ users must complete redemption operations by November 27, 2025.
13. Ripple will invest in Bitwise XRP ETP
Techub News reported, according to Cointelegraph, that Ripple will invest in Bitwise's XRP exchange-traded product (ETP). Techub News noted that on November 7, Bitwise renamed its European XRP ETP (ETC Group Physical XRP) to Bitwise Physical XRP ETP. Its code GXRP remains unchanged.
14. Animoca Brands strategically invests in Pudgy Penguins' parent company Igloo, Inc.
According to Aggr News, Animoca Brands has strategically invested in Pudgy Penguins' parent company Igloo, Inc.
15. Japanese social company Line plans to launch 30 mini Dapps based on blockchain early next year
According to CoinDesk, Japanese social media company Line plans to launch 30 mini Dapps based on blockchain early next year, covering gaming, social, DeFi, and AI chat functions, and plans to expand the total number to 150 by the end of the first quarter.
16. Central bank and six departments jointly issue (Action Plan for Promoting the High-Quality Development of Digital Finance)
The People's Bank of China and six other departments jointly issued (Action Plan for Promoting the High-Quality Development of Digital Finance), clearly accelerating the digital transformation of financial institutions, improving the digital financial governance system, promoting the development of key areas such as technology finance, green finance, and inclusive finance, supporting the pilot projects of digital RMB, and enhancing the quality and efficiency of financial services. At the same time, it emphasizes risk prevention and data security, optimizing the payment environment, and striving to establish a modern financial system adapted to the development of the digital economy by the end of 2027. Among the efficient and secure payment environment, it mentions steadily advancing the pilot projects of digital RMB, continuously improving the acceptance environment for digital RMB, and enriching the usage scenarios of digital RMB. Strengthening anti-money laundering supervision for digital financial services.
