Headlines focus
1. According to federal filings, Musk invested another $56 million in Trump and Republican allies during the 2024 election sprint phase, bringing his total investment to over $132 million.
2. Ripple co-founder Chris Larsen donated over $11.8 million to a PAC supporting Harris's campaign, becoming one of the largest individual donors in the crypto industry this round.
3. 94-year-old Buffett declares he will not support any U.S. political candidates, hoping to end speculation about his support for political candidates and investment products.
4. U.S. billionaire Mark Cuban revealed that Harris's team rejected an invitation for a private meeting with Musk, believing Musk would find it hard to keep it confidential.
5. A CNN poll shows that Trump and Harris both have a support rate of 47%, making the election race tight.
Policy trends
1. The UK's Crown Prosecution Service informed Chinese victims that national contacts will only be made after progress according to the Proceeds of Crime Act 2002.
2. The Pennsylvania House of Representatives passes a bipartisan bill to provide regulatory clarity for digital assets, addressing the uncertainty of cryptocurrency regulation at the federal level.
3. The Dutch government is seeking public opinion on requiring cryptocurrency service providers to collect and share user data to comply with EU crypto tax reporting rules.
4. The U.S. Treasury is investigating whether Tether has violated sanctions and anti-money laundering regulations, and is considering imposing sanctions on it.
5. Russia's new cryptocurrency regulations will take effect on November 1, strengthening mining and trading supervision aimed at combating money laundering and terrorist financing.
Blockchain applications and technological advancements
1. The modular blockchain Celestia plans to improve data availability throughput through the Ginger upgrade, including increasing block size to 8MB.
2. ETHGlobal shortlisted 10 projects for the San Francisco 2024 finals, covering various fields including fitness challenges, viral video production, and NFT gaming assets.
3. Mu Changchun stated that the currency bridge technology will be enhanced in three areas: privacy protection, system development and operation maintenance system, and platform openness and transparency.
4. Cryptocurrency exchange Kraken plans to launch its native blockchain network next year.
5. Arbitrum developers launched a 'fast withdrawal' feature, reducing the withdrawal period from 7 days to 15 minutes.
Cryptocurrency market dynamics
1. Russia attempts to use Bitcoin for transactions within BRICS nations to circumvent Western sanctions.
2. Banks will become major allies in the cryptocurrency field, unlocking a $30 trillion market.
3. The tokenized government bond market is growing, potentially challenging the dominance of stablecoins, but regulatory restrictions and liquidity issues indicate it can only partially replace them.
4. Japanese regulators are cautious about spot cryptocurrency ETFs, with tax and regulatory restrictions being the main obstacles.
5. Ethereum remains the main ecosystem for startups building on blockchain, with Solana and Bitcoin growing rapidly.
Economic dynamics
1. Schmidt is inclined to avoid significant interest rate cuts, and Daly stated that there is currently no reason to stop cutting rates.
2. The U.S. elections and expectations of interest rate cuts are beneficial for the crypto market, focusing on non-farm data.
3. If Harris wins, the Federal Reserve may quickly cut rates next year.
4. According to CME's 'FedWatch,' the probability of a 25 basis point interest rate cut in November is 96.3%.
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