The US presidential election officially kicks off, with Republican presidential candidate Trump temporarily leading. Given that Trump is currently also leading in swing states, the expectation of an increased probability of Trump's election has sparked a surge in Dogecoin prices, which rose over 30% in a single day, making it the highest daily increase among the top 100 cryptocurrencies by market capitalization. (Background: Key moments in the US presidential election) Trump congratulates Kamala Harris on the "battle of seven swing states," when can the votes be expected to be counted?) (Background: Is Trump certain to win? Currently leading Harris by nearly double, boldly stating: If I win Pennsylvania, I will be elected.) The US presidential election officially commenced on the 5th local time, and polling stations across the country have gradually closed. It is expected that the election results will be available as early as late night on election day or early the next morning (Taiwan time tonight or tomorrow morning). Currently, according to real-time AP data, Trump has 230 electoral votes, temporarily leading Harris's 205. According to AP's real-time counting data, Trump currently has 230 votes: winning Indiana with 11 votes, Kentucky with 8 votes, West Virginia with 4 votes, Oklahoma with 7 votes, Tennessee with 11 votes, Alabama with 9 votes, Mississippi with 6 votes, Florida with 30 votes, South Carolina with 9 votes, Arkansas with 6 votes, North Dakota with 3 votes, South Dakota with 3 votes, Wyoming with 3 votes, Louisiana with 8 votes, Nebraska with 3 votes, Ohio with 17 votes, Texas with 40 votes, Missouri with 10 votes, Utah with 6 votes, Montana with 4 votes, Kansas with 6 votes, Iowa with 6 votes, Idaho with 4 votes, and North Carolina with 16 votes. Harris has 205 votes: 3 votes from Vermont, 10 votes from Maryland, 7 votes from Connecticut, 11 votes from Massachusetts, 4 votes from Rhode Island, 14 votes from New Jersey, 19 votes from Illinois, 3 votes from Delaware, 28 votes from New York, 10 votes from Colorado, 3 votes from the District of Columbia, 1 vote from Maine, 54 votes from California, 12 votes from Washington, 8 votes from Oregon, 5 votes from New Mexico, and 13 votes from Virginia. It is worth noting that in the 7 key swing states, the New York Times data shows that after Trump won the first swing state of North Carolina, he is currently leading in 5 swing states that are still counting votes, including Arizona, Georgia, Michigan, Pennsylvania, and Wisconsin, while Nevada has not yet reported any counting. AP data shows that in the critical state of Pennsylvania, Harris initially led Trump by more than 100,000 popular votes, but Trump has now successfully overtaken her. The vote counting progress in Pennsylvania is about 83%. Trump has secured 3,016,066 popular votes, with a vote rate of 51.4%, while Harris has 2,797,343 popular votes, with a vote rate of 47.7%. Dogecoin's surge of 30% may have been stimulated by the increased expectation of Trump's chances of winning. Supported by Musk, Dogecoin's price surged over 20% to $0.21936 in just two hours since 10 AM today, and before the deadline, it rose nearly 31% to $0.21289 in nearly 24 hours, marking the highest daily increase among the top 100 cryptocurrencies by market capitalization. Dogecoin trend chart. Source: Binance. Trump has stated that if he wins, he will invite Elon Musk, known as the "Dogecoin Father," to lead government spending audits and implement strong reforms, establishing the "Department of Government Efficiency" (D.O.G.E) to propose measures to reduce waste, fraud, and unnecessary spending, which shares the same acronym as Dogecoin. Musk, attending a Trump rally at Madison Square Garden in New York on the 27th, elaborated on his vision of drastically cutting government spending, stating that if Trump wins the presidential election, he could streamline at least $2 trillion from the federal budget. While Musk strongly supports Trump during the election, he does not forget his identity as the Dogecoin Father and publicly promoted Dogecoin again at the end of last month, tweeting a picture of himself supporting Trump while wearing a "Make America Great Again" hat and raising his fist, alongside a photo of a Shiba Inu making a similar gesture. It is anticipated that if Trump wins, the market for Dogecoin will continue to maintain strong bullish sentiment. Related reports: The US election kicks off! Midnight voting in a small town: Trump and Harris tie 3 to 3. Trump concept stocks surge, Polymarket whales increase their bets, and polls for seven swing states are released. JPMorgan warns: Trump's victory = inflation storm resurfaces; the Federal Reserve may pause interest rate cuts in December. "Trump leads in all five swing states and has secured North Carolina! Dogecoin surges 30% breaking $0.2" This article was first published on BlockTempo (the most influential blockchain news media).

On the first day of voting for the 2024 U.S. presidential election, U.S. media estimate that Trump has obtained 198 Electoral College votes, leading his opponent Kamala Harris. Musk even shouted "Dark MAGA gathers!" today, causing the meme currency DMAGA to surge by 150% in three hours. (Preliminary summary: Key points in the US presidential election) Trump and He Jinli are "deciding on the seven swing states". When will the voting be released at the earliest? ) (Background supplement: The death of Peanut, the Internet celebrity squirrel supported by Musk, triggered a political movement in the United States, and the market value of the meme currency Pnut once exceeded 100 million U.S. dollars) The U.S. presidential election will begin counting votes in various states today (6th). According to real-time data from the Associated Press, Trump is expected to have won 198 Electoral College votes, Harris has 112, and the two have a vote rate of 52.5% to 46.2% respectively. Trump currently maintains his lead with just 270 Electoral College votes to win. Extended reading: Is Trump sure to win? Temporarily leading Jinli Harris by nearly double, she shouted domineeringly: If I win Pennsylvania, I will win. This made Musk, the founder of Tesla, who spent money and efforts in this election and is considered Trump’s strongest electoral supporter, excited. Earlier, he owned The X (Twitter) account with 200 million followers excitedly posted a message calling for "Dark MAGA Assemble!" Dark MAGA Assemble! pic.twitter.com/JGqFQ1DTGO — Elon Musk (@elonmusk) November 5, 2024 Meme coin DMAGA surges 161% Musk Post a post, the meme currency community in the currency circle will not miss this opportunity for speculation. CoinGecko data shows that the Solana ecological Dark MAGA-related meme currency Dark MAGA (DMAGA) soared nearly 150% in 3 hours this morning, reaching $0.02075. At the time of writing, it was trading at $0.01766. It has surged by more than 161% in the past 24 hours, and its market value has exceeded 16.29 million U.S. dollars, but it has still fallen more than 66% from the historical high of $0.04702 hit when the currency was issued in late July. Source: CoinGecko In addition, dark maga (DMAGA), another meme currency issued on Ethereum last month, also experienced a maximum increase of 169% earlier, reaching 0.00000408 US dollars. It was temporarily reported at 0.00000309 US dollars at the time of writing, and there were still nearly 110 in the past 24 hours. % increase. MAGA (TRUMP), the largest market value among Trump meme coins, soared more than 36% from 3.04 to $4.14 in 2 hours this morning. It was trading at $3.94 at the time of writing, up 17% in the past 24 hours. Trump concept stocks surged after the market opened. In terms of US stock indicators, Trump Media and Technology Group (DJT.), which is regarded as a "Trump concept stock".O) announced its financial report on the day of the U.S. election, with a net loss of US$19.2 million in the third quarter and revenue of US$1.01 million, a year-on-year decrease of 5.6%. However, the stock price still closed up more than 10% after the market closed on Tuesday, and once soared 23% during the period. On election day yesterday, DJT surged sharply at the opening, but fell sharply in the afternoon in the face of heavy selling pressure. The fluctuations were so severe that trading was suspended twice. It still fell slightly by more than 1% at the close. While the stock has fallen more than 28% over the past five days, shares have nearly doubled so far this year, rising more than 94%. Is Trump a sure winner? Polymarket's winning rate soared past 86%. Data from Polymarket, a decentralized prediction market that attracted widespread attention during the US election, showed that Trump's winning rate soared 27.4% to 86.6%, while Harris's winning rate plummeted 31.9%, now only 9.1%, a miserable loss. Trump 77.5%. Musk posted earlier that Polymarket’s pre-election bet on Trump’s big win has come true. Traditional polls showing that the two sides are locked in each other's throats have yet to appear in the vote count. Related reports: Election Meme Coin War) Trump’s concept coin rebounded from the bottom, Harris’ $KAMA fell by more than 40%.. Musk ALL IN Trump, what is the “US election” business experience behind it? Will Trump win big? 4 The signs are clear, former Reagan analyst: There are more voters supporting it than expected! The U.S. Department of Justice warned Musk that "giving away $1 million to voters every day" is illegal. Experts revealed that the maximum sentence would be 5 years in prison. Musk yelled "Dark MAGA collection" meme currency DMAGA soared 160%, and Trump's Polymarket winning rate soared to 86 %"This article was first published in BlockTempo (Dong District Dongzhu - the most influential blockchain news media).

Bitfinex recently stated in a report that the cryptocurrency market may experience significant volatility within three days after the results of the U.S. elections are announced. However, due to Bitcoin absorbing most of the capital in the market during this bull run, the hope for a substantial rebound in altcoins may be limited. (Background: Bitcoin is in an upward trend, why is the Web3 sector experiencing frequent layoffs?) (Additional context: Has it ended? Bitcoin rebounded after hitting $67,500, with the U.S. presidential election and the Fed's interest rate decision on the horizon...) Bitcoin reached a new historical high of $75,242 around 11:05 today, with an increase of 8.8% in the last 24 hours. Before the deadline, it slightly retreated back to the $74,000 level; investors are advised to be cautious of volatility. Bitfinex: The market will experience significant fluctuations from November 5 to 8. In this context, cryptocurrency exchange Bitfinex recently released a research report indicating that last week's increase was driven by the so-called “Trump trade,” as the market believed Trump had a significant lead over his opponent Kamala Harris, which subsequently increased Bitcoin buying pressure. However, as Trump’s winning probability decreased and the uncertainty of the U.S. elections deepened, Bitcoin's rise faced resistance. On the eve of the election results announcement (November 6, Taiwan time), while the market predicts a decline in Trump's winning probability, the implied volatility in the options market remained relatively calm, indicating that investors are currently in a wait-and-see state until everything settles. However, Bitfinex predicts that with the announcement of the U.S. election results and the Fed's upcoming interest rate decision in November, market volatility will greatly increase between November 5 and 8. Concerns over altcoin rebound prospects. On the other hand, although the market generally believes that Bitcoin has an upward trend in the long term, Bitfinex points out that investors seem to have lost their speculative interest in altcoins. Even though a significant amount of capital has been attracted into the cryptocurrency market, most of this capital is still absorbed by Bitcoin: There is a cold sentiment in the altcoin market, with Bitcoin's market share reaching as high as 60%, marking a new cycle high. When Bitcoin pulls back, altcoins tend to experience even more severe declines, and the speculative demand for altcoins seems to have completely disappeared. Since most of the capital flowing into the cryptocurrency market is absorbed by Bitcoin, altcoins find it difficult to keep pace with the upward movement, and without new catalysts, the rebound prospects for altcoins seem even more bleak in the short term. Related reports: Bitcoin falls below $70,000, has the correction ended? U.S. stocks all fall, Meta, Microsoft earnings fail to impress investors. Bitcoin rare occurrence of "1% discount" in the Korean market indicates BTC reversal is imminent? Plan B Network has achieved closer academic cooperation with Taipei University of Technology, Ming Chuan University, and National Chengchi University, witnessing the diverse development of Bitcoin in Lugano. "Bitfinex: Bitcoin will experience significant volatility 'within three days' after the U.S. election! Concerns over altcoin price increases" This article was first published on BlockTempo (the most influential blockchain news media).

After the first round of the airdrop for the Grass token in the computing power sharing project was opened for claims, the excessive number of claimants caused the Phantom wallet to crash. This article originates from a piece written by the research organization ASXN, organized and translated by PANews. (Background: The community lamented after the Grass airdrop went live, with the token's off-market price plummeting) (Context: The cryptocurrency circle needs to be awakened, no longer pretending that airdrops are effective) Recently, the AI and DePIN combined computing power sharing project Grass has launched another airdrop "feast." On October 28, the Grass Foundation announced the opening of the first round of GRASS token airdrop claims, which led to a temporary crash of the Phantom wallet due to an overwhelming number of claimants. As of November 4, Dune data shows that 82.75% of the GRASS airdrop tokens (approximately 64,781,717 tokens) have been claimed by users, involving a total of 1,830,287 claim addresses. The airdrop craze also temporarily "boosted" the GRASS token. Since the announcement of the airdrop opening for claims, the overall trend of GRASS has been soaring, rising from around $0.65 to a peak of $1.86, currently reported at $1.63. This article aims to analyze the technical characteristics of the Grass project from a technical perspective. Grass is a decentralized data layer and network focused on web scraping, real-time contextual retrieval, and artificial intelligence data collection. Its main goal is to achieve the decentralization and democratization of internet data collection through incentive mechanisms while compensating users who contribute resources. The Grass network currently scrapes over 100TB of data daily. So far, Grass nodes span 190 countries, with over 2.5 million nodes. It manages all processes from initial data collection to processing and verification, while also compensating and incentivizing participants. The Grass protocol consists of the following components: Grass Nodes, Sovereign Data Rollup. Grass nodes allow users to contribute idle network resources in exchange for rewards. Each node is uniquely identified by its device fingerprint and IP address. The Grass Sovereign Data Rollup is a network built specifically on Solana, enabling the protocol to handle all transactions from data sources to processing, verification, and dataset construction. The network is built around validators issuing data collection directives, routers managing web request distribution, and nodes used by users to contribute their idle network resources. Grass employs a ledger for hash storage, a Merkle tree bundling system, and on-chain root data release. Grass nodes can be deployed via browser extensions, desktop applications, or Android-based mobile applications. For data processing, the protocol uses an HTML to JSON conversion system, custom Python cleaning scripts, data structure tools, and vectorization processes, while developing embedding models for edge processing. Security and verification are maintained through Zero-Knowledge Transmission Layer Security (ZK TLS), proof generation for web requests, web session logging, decentralized databases for hash storage, and anti-data poisoning measures. Grass also ensures data integrity and quality through various means, including contributor ranking systems, consensus mechanisms for quality control, decentralized work systems, and reputation scoring systems. Data management is handled through various storage solutions, including Hugging Face (supporting up to 10TB/day of free storage), self-hosted MongoDB for proprietary datasets, and partnerships with decentralized data providers. Recently, the team opened their dataset UpVoteWeb, which contains 600 million Reddit posts and comments on HuggingFace: https://huggingface.co/datasets/OpenCo7/UpVoteWeb Related Reports How can DePIN promote the development of Web3 games? Moody's is also optimistic about DePIN: the prospects are bright and contribute to network expansion and innovation In this round of the bull market, Meme and DePIN stand together; can they become a breakthrough in the market? "Grass surges after the airdrop! What is the charm of the combination of AI and DePIN?" This article was first published in BlockTempo (the most influential blockchain news media).

The decentralized exchange Curve Finance recently launched a new decentralized stablecoin Savings crvUSD (scrvUSD), and on November 2, initiated a new proposal to allocate 10% of the total revenue from another stablecoin crvUSD to the scrvUSD treasury, allowing scrvUSD holders to continuously earn revenue. (Background: Can the signature reward pool activities supported by Curve and Synthetix rescue WBTC?) (Background information: Analysis of the liquidation incident of Curve founder: Why was he indifferent during the third round of the DeFi defense war?) The decentralized exchange Curve Finance recently launched a new decentralized stablecoin Savings crvUSD (scrvUSD), and on November 2, initiated a new proposal to allocate 10% of the total revenue from another stablecoin crvUSD to the scrvUSD treasury, allowing scrvUSD holders to continuously earn revenue. Curve Founder: The proposal aims to promote the growth of crvUSD. In response, Curve founder Michael Egorov explained in a post on November 3 that the ultimate goal of this proposal is to promote the growth of crvUSD, while he also detailed how the proposal would lower the borrowing rate of crvUSD: Many people seem to not understand the logic behind scrvUSD. In short, scrvUSD will expand the adoption of crvUSD: .scrvUSD deposit rate = HODL rate (the return that people agree to receive for holding crvUSD); .If borrowing rate @* HODL rate: cannot scale, need to lower risk premium (through security audits, positioning, etc.); .If borrowing rate > HODL rate: scrvUSD can scale crvUSD (for example, 15% > 8%, so we are already in this situation!); .Increasing supply will gradually reduce the borrowing rate that people accept, so we still need to continue to work on lowering the risk premium. Many don't seem to understand the real reason behind scrvUSD. Briefly: it can scale crvUSD. Not always such a method can, but for us it can: – scrvUSD savings rate = HODL rate (what people agree to be paid to hodl crvUSD);– If borrow rate @* HODL rate -> cannot scale, need to… https://t.co/Icc7rmHY6T — Michael Egorov (@newmichwill) November 2, 2024 In this regard, Curve community member @HaowiWang also recently supplemented this mechanism on Twitter: What is special about scrvUSD? It is a decentralized, over-collateralized stablecoin that helps users easily earn passive income. Currently, half of Curve DAO's revenue comes from crvUSD, rewarded to veCRV stakers. The new revenue model: Now, 10% of crvUSD revenue will flow into a dedicated revenue distribution contract, meaning that scrvUSD holders can earn continuous rewards and share in the growth of the Curve ecosystem. Innovative pricing mechanism: The pricing mechanism of crvUSD controls the borrowing rate; the closer it is to the price floor, the higher the borrowing cost, thus maintaining stability. With the launch of scrvUSD staking, the demand for crvUSD increases, borrowing costs decrease, and protocol revenue will also increase. Potential earnings for stakers: With a total value locked (TVL) of $60 million, if $6 million is used for staking, a monthly dividend of $68,000 can be obtained, equivalent to an annualized return of over 10%, and it is completely decentralized. Major release: $scrvUSD – the next big move of Curve DAO! @CurveFinance scrvUSD, marking an important step in the development of the Curve ecosystem! What is special about scrvUSD? It is a decentralized, over-collateralized stablecoin that helps users easily earn passive income. Currently, half of Curve DAO's revenue comes from crvUSD, rewarded to veCRV… — haowi.eth (@HaowiWang) November 3, 2024 This proposal will be detrimental to veCRV holders in the short term. Although theoretically, this proposal may bring more income to Curve governance members, Curve community member crv.mktcap.eth also pointed out that in the short term, this proposal will adversely affect veCRV holders: Currently, Curve distributes all revenues from crvUSD to veCRV (locked tokens representing CRV) holders; if this proposal is passed, it means that the revenue for veCRV holders will decrease. In the long term, if it can indeed increase the supply and revenue of crvUSD, it will still be beneficial for veCRV holders. Lastly, it is worth mentioning that this proposal has already received about 92% voting support and will conclude the voting process on November 9. CRV increased by 3.7% in the past 24 hours. According to CoinGecko data, Curve token CRV has not performed well this year, having fallen by 58% over the past year, currently trading at $0.2375, with a 3.7% increase in the past 24 hours. Whether CRV can rise due to this new proposal remains to be seen. Related reports Curve proposal to remove TUSD: SEC fraud risk, why did once favored Binance token collapse so quickly? Whale assistance, Curve founder re-mortgages CRV! Paying off a $70 million debt to Aave Detailed analysis of the mathematical coincidences between Curve and Uniswap: how did they take different paths? "Curve's new proposal: Distributing '10% revenue' of crvUSD stablecoin to scrvUSD holders" was first published on BlockTempo (the most influential blockchain news media).

Combining various income data from agreements over the past year, this article categorizes and inventories the top 10 'most powerful income-generating agreements', revealing the trends and waves of the industry cycle for readers' reference. (Background: Is Ethereum doomed? 21Shares refutes: ETH has great potential! Just like Amazon in the 1990s) (Background supplement: The Ethereum Foundation is scared by FUD! Researchers abandon their advisory roles at EigenLayer) In the crypto world, there is no 'eternal profit myth', but there are 'income-generating legends'. In the recently concluded October, according to Dune data, pump.fun accumulated earnings exceeded $160 million, with a total number of addresses exceeding 2.4 million, and the total number of deployed tokens exceeding 2.8 million; currently, its cumulative earnings have reached $167.3 million, meaning that in just about 4 days, as the 'most powerful income-generating machine' of this cycle, pump.fun’s earnings increased by around $7.3 million, which is terrifying. By combining various income data from agreements over the past year, Odaily Planet Daily will categorize and inventory the top 10 'most powerful income-generating agreements' in this article, revealing the trends and waves of the industry cycle for readers' reference. Income-generating machines overview: 42 major projects' income has exceeded $30 million in the past year, mainly classified into 4 categories. According to data from the DefiLlama website, narrowing the timeframe to within 1 year, 42 major project agreements have surpassed $30 million in income, which can mainly be divided into the following categories: Blockchain ecology: L1 networks are still the 'mainstream income giants'. Looking closely at this list of 'players with over $30 million in agreement income', we can clearly see that over the past decade of blockchain ecosystem development, L1 public chain networks remain the most mainstream 'income giants', among which: Ethereum leads with an income of nearly $2.57 billion over the past year; Bitcoin ranks second with an income of nearly $1.32 billion; TRON, positioned as a 'stablecoin network', has an income of $515 million; Solana, benefiting from the booming meme coin craze this year, has an income of $407 million; BSC (BNB Chain) benefits from backing by Binance, with an income of $180 million; Avalanche has seen explosive growth at the end of 2023, with monthly agreement income increasing from $2.5 million to $52.25 million. Overall, despite the bumpy development path of the L1 ecosystem, it remains the main 'pillar' supporting the crypto world, and Ethereum's agreement income of $19.367 billion (as of November 3, 2024) is indeed formidable. This also indirectly illustrates that as the largest ecosystem in the crypto world, Ethereum is far from the 'desperate situation' often mentioned by many people. Some representative ecosystems: Infrastructure-type projects: Stablecoins, DEXs as 'income experts'. Another category of projects ranking high on the 'income leaderboard' includes many infrastructure projects such as stablecoins, staking agreements, and DEXs, among which— the issuers behind USDT (Tether) and USDC (Circle) rank first with nearly $16.17 billion and $516 million in agreement income respectively; Uniswap, Raydium, PancakeSwap, and other DEXs are in the second tier of this category, with agreement incomes ranging from $350 million to $820 million within a year; In addition, Ethereum ecosystem staking and re-staking agreements such as Lido and Ethena also made the list with agreement incomes of $986 million and $136 million respectively, becoming part of the 'new infrastructure' and gaining high market recognition. Some representative projects. Application-type projects: Wallets and Meme coin platforms are 'income machines'. As for specific application-type projects, the past 'industry hot spots'— wallet applications and this cycle's thematic race 'Meme coin platforms' have become the heaviest 'income machines'. Among them— pump.fun (platform noted as Pump) ranks 16th with nearly $146 million in agreement income over the past year; pump.fun ranks 16th MetaMask (commonly known as the little fox wallet) ranks 28th with nearly $70.49 million in agreement income. MetaMask ranks 28th. Expansion-type projects: L2 and service platforms as 'income newcomers'. In addition to the above main categories, there are also many 'expansion-type projects' that rank high in agreement income over the past year— such as Ethereum L2 networks including Base, Arbitrum, ZKsync Era, Optimism, among which— Base ranks 26th with $73.02 million in agreement income over the past year; Arbitrum ranks 32nd with $56.19 million; ZKsync Era ranks 38th with $36.74 million; Optimism ranks 41st with $33.96 million. Some representative ecosystems. Service platforms are even more diversified, including the former 'NFT market leader' OpenSea, aggregation trading platforms like DEX Screener, and various Telegram ecosystem trading bots like Photon, BONKbot, Trojan, Banana Gun, Maestro, and of course, from the following image, we can also see that the Solana ecosystem remains the main direction of these projects. Some representative projects. A review of the top 10 'most powerful income-generating' agreements, an overview of the most lucrative sectors in crypto. Based on the above information and data from the DefiLlama website, we can filter out the following representative 'income-generating projects' based on total agreement income— Ethereum, with a total agreement income of $19.369 billion; Uniswap, with a total agreement income of $5.697 billion; BTC, with a total agreement income of $4.144 billion; BSC (BNB Chain), with a total agreement income of $2.857 billion; OpenSea, with a total agreement income of $2.783 billion; Lido, with a total agreement income of $1.939 billion; Tether, with a total agreement income of $1.684 billion; PancakeSwap, with a total agreement income of $1.614 billion; TRON, with a total agreement income of $1.17 billion; AAVE, with a total agreement income of $961 million. Project ranking summary. Conclusion: Compared to 'version answers', a steady stream is the key. To be fair, in my personal view, the back-and-forth of 'income-generating agreements' also reflects the changes in the crypto industry: In 202...

Bitcoin earlier reached a high of $75,242, setting a new historical high again, with an increase of 8.8% in the past 24 hours. (Background: The US non-farm employment saw a more than one-year high, US bond yields surged, and the Fed may pause interest rate hikes in November?) (Supplementary background: With the US elections approaching, is the weak yen the best safe-haven asset?) Bitcoin peaked around 11:05 today at $75,242, setting a new historical high again, with an increase of 8.8% in the past 24 hours. Before this article was completed, it slightly retreated back to the $74,000 level, so investors should be cautious of volatility. The reason for this strong surge is speculated to be related to investors believing that the current election results are favorable for Trump's re-election. However, due to time zone differences and varying regulations in different states, the voting end times differ, with the latest ending at 14:00 Taiwan time on November 6, so there may still be significant changes in the results. Current electoral vote count for Trump: 178 votes Kamala Harris electoral vote count: 99 votes In the past 24 hours, the total liquidation amount across the network was $442 million. In the volatile market for Bitcoin, according to Coinglass data, over the past 24 hours, the total liquidation amount in cryptocurrency exceeded $440 million (with shorts accounting for $340 million), affecting over 92,000 people. Related reports As the US presidential election approaches, what 'speculative targets' can be laid in wait? With the US election storm approaching, is the weak yen the best safe-haven asset? Elon Musk's market effect reappears as 'Dogecoin surges 17%', over 40 million people in the US have voted early. "Bitcoin breaks through $75,200 to create a new historical high! Single-day increase exceeds 8.8%, wiping out shorts" This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).

Voting for the U.S. presidential election began on the 5th local time. Currently, the U.S. Republican presidential candidate Trump is temporarily leading. However, the end of the vote counting in the seven key swing states has not yet been announced. It may not be until the evening of the 6th or the day of the 7th at the earliest, Taiwan time. Only then can we know the election results. (Preliminary briefing: The first vote in the U.S. election! Midnight voting in a small town: Trump and Harris tied 3 to 3) (Background supplement: Preparing for the U.S. election) After the past ten elections, what is the historical performance of the U.S. stock S&P 500 and Bitcoin? ? ) Votes for the U.S. presidential election began on the 5th local time. Current Vice President Kamala Harris is running on behalf of the Democratic Party, with Minnesota Governor Tim Walz serving as deputy. Former U.S. President Donald Trump is running on behalf of the Republican Party, competing with Ohio State. State Senator J.D. Vance is running alongside him. According to real-time voting data from the Associated Press, as of 10:50 a.m. on the 6th, Taiwan time, Trump temporarily leads Harris with 188 electoral votes and 99. Trump won Ohio, North Dakota, Arkansas, and Kentucky. He won 19 states including Delaware, Indiana, etc., while Harris won 11 states including Delaware, Massachusetts, etc. The vote count in swing states is key. The US presidential election adopts the Electoral College system. There are 538 Electoral College votes in the 50 states in the United States. A candidate must get 270 votes to win. Each state is allocated a different number of votes based on population. The winner takes all. This election is fierce. Who can win between Trump and Harris depends on whether they can win the seven swing states. The seven swing states are: Pennsylvania (19 votes), North Carolina (16 votes), Georgia (16 votes), Michigan (15 votes), Wisconsin (10 votes), and Arizona (11 votes) and Nevada (6 votes). The following are the closing times for voting in the 7 swing states: Georgia: 7 pm ET on the 5th (8 a.m. on the 6th, Taiwan time) North Carolina: 7:30 pm ET on the 5th (Taiwan time on the 6th) 8:30 a.m.) Pennsylvania: 8 p.m. ET on the 5th (9 a.m. on the 6th, Taiwan time) Arizona: 9 p.m. ET on the 5th (10 a.m. on the 6th, Taiwan time) Michigan: 9:00 pm Eastern Time on the 5th (10:00 am on the 6th Taiwan time) Nevada: 10:00 pm Eastern Time on the 5th (11:00 am on the 6th Taiwan time) How close the vote counting results in the swing states will affect the election results When it comes out, based on past voting records, the swing states that will have preliminary results the soonest may be Georgia and North Carolina. If Trump gains an advantage in the southern swing states, Harris will have to rely on the three slower-counting blue states. Only by winning in the Wall States, that is, Michigan, Pennsylvania, and Wisconsin, will they have a chance to win. Voters will have to wait longer to know the final results. Looking at the 50 states and one special administrative region in the United States, the earliest time for voting to end is 7 a.m. on the 6th, Taiwan time. Unofficial vote counting results will be released as soon as it ends. The latest time to end is Alaska, which will not end until Taiwan time. 2 pm on the 6th, and it usually takes several hours to issue tickets. (Washington Post) estimates that voters may not know the final results of the election until the 6th local time at the earliest, that is, the evening of the 6th or the day of the 7th, Taiwan time. In the 2020 election, the election results took four days to be released. This year’s election results could also be delayed due to a number of factors. Bitcoin and U.S. stocks soared. As the U.S. presidential election officially kicked off, Bitcoin ushered in a new wave of strong gains, approaching $73,000 this morning. In terms of U.S. stocks, although the U.S. election is still full of uncertainties, investors seem optimistic. Regarding the economic outlook, the four major indexes all rose at the end of the 5th day: the Dow Jones Industrial Average rose 427.28 points, or 1.02%, to close at 42221.88 points. The S&P gained 70.07 points, or 1.23%, to close at 5,782.76. The Nasdaq Index rose 259.19 points, or 1.43%, to close at 18,439.17 points. The Philadelphia Semiconductor Index rose 83.84 points, or 1.69%, to close at 5,057.83 points. As the first batch of election results came out, financial markets continued to experience violent fluctuations, and the U.S. dollar index experienced short-term sharp fluctuations. rose, touching 104 upwards, with a single-day increase of 0.98%. The spot gold price once fell in the short-term, falling below US$2,740, and is now trading at US$2,744, with a single-day increase of 0.26%. Adam Button, an analyst at financial website Forexlive, said that he is not sure what the foreign exchange market trend is trying to express, but all the declines in the US dollar earlier today have been wiped out. The main reason he has heard for the US dollar's rise in the past month is the Republican victory. , the current thinking is that Trump and Republicans will increase the deficit, cut taxes, and keep yields high. Related reports Arthur Hayes: I am more optimistic about Solana than ETH. The election result is not important. "Fed interest rate cut" is the key. Mt. Gox transferred 32,000 Bitcoins. Is there a new round of BTC selling on the eve of the US election? A look at the key time points of the U.S. election, the economic policies of the two parties, and the subsequent market impact. "Key time points of the U.S. presidential election) Trump He Jinli "battles in seven swing states", when will the vote count be released at the earliest?"This article was first published in BlockTempo (Dong District Dongzhu - the most influential blockchain news media).

The U.S. presidential election is underway today, with Trump currently leading Kamala Harris with 188 electoral votes to her 99, claiming that if he can secure the key swing state of Pennsylvania, he can achieve victory. However, the results from seven major swing states, including Pennsylvania, have yet to come in, and the election outcome may take several days to clarify. (Previous summary: The U.S. election has begun! Midnight voting in a small town: Trump and Harris tied 3 to 3) (Background: Trump concept stocks soar, Polymarket whales double down, polls for the seven swing states are out) The U.S. presidential election began yesterday (the 5th), with the first results coming from the small town of Dixville Notch in New Hampshire. Among the six registered voters in this town, Trump and Harris each received 3 votes, resulting in a tie. Although the number of voters in this small town is limited, its voting results are often seen as a bellwether for the election outcome, thus this result once again reveals that Harris and Trump have very close support rates, making the election extremely competitive. This U.S. presidential election is considered one of the most unpredictable in recent years, with the global community closely monitoring the final outcome. According to the latest data from Google, as of 11 a.m., Trump is temporarily leading Harris. Trump vs Harris Trump has won 188 electoral votes, with winning states including: Alabama, Mississippi, Tennessee, Oklahoma, South Carolina, Kentucky, Indiana, West Virginia, Florida, etc. Harris has won 99 electoral votes, with winning states including: Maryland, Massachusetts, Connecticut, Rhode Island, Vermont, etc. The vote counting is still ongoing, and Trump currently has a temporary lead in electoral votes, but he is still far from the 270 electoral votes needed to win, and the final results are not yet settled. Moreover, the focus of the election is on the seven swing states of Pennsylvania, Michigan, Wisconsin, Arizona, North Carolina, Georgia, and Nevada, the results of which have yet to be announced. Trump: Winning Pennsylvania means I win the whole election According to the Philadelphia Inquirer, Trump stated in a phone interview with 1210 WPHT radio host Rich Zeoli yesterday (the 5th) that if he wins in Pennsylvania, he will win the entire election. We will make this country greater than ever before, but you must stay in line to vote. Don't let them hold you back. You have the absolute legal right to cast your vote because if we win Pennsylvania, if we win the old federation, we will win everything. We have won everything. He emphasized that voters should stick to the voting lines and exercise their legal voting rights, noting that Philadelphia is a key area where more support is needed. Currently, according to the Philadelphia Inquirer, with about 25% of the votes counted in Pennsylvania, Harris is temporarily leading Trump with 13.9% to his 10.6%. The latest polls will close in Alaska, the last state to finish voting, at 2 p.m. Taiwan time today, so the final results will not come in quickly, especially with the close race in swing states, which may require recounts, potentially extending the counting time, and results may not be available for several days. For example, in 2020, it was four days after Election Day that it was confirmed Biden defeated Trump. Related reports: JPMorgan warns: Trump victory = inflation storm resurgence, Fed may pause rate cuts in December S&P 500 can predict the U.S. presidential candidate? 83% win rate reveals Harris may defeat Trump Election meme coin battle: Trump's concept coin rebounds from the bottom, Harris's $KAMA drops over 40%.. "Trump is set to win? Temporarily leading Harris by nearly double, boldly declaring: Win Pennsylvania and I win the election" This article was first published in BlockTempo (the most influential blockchain news media).

Bitcoin earlier reached a high of $72,895. It is less than $1,000 away from the historical high of $73,650, with an increase of 6.95% in nearly 24 hours. (Background: U.S. non-farm employment rose to a new high in over a year; U.S. Treasury yields surged, could the Fed pause rate hikes in November?) (Context: The U.S. election storm is approaching, is the weak yen the best safe-haven asset?) Bitcoin experienced a strong surge around 8 AM today (6th), reaching a high of $73,000 at the time of writing. It is less than $700 away from the historical high of $73,650, with an increase of 7.65% in nearly 24 hours. The reason for this strong rally may be related to investors believing that the current voting results favor Trump's election. However, due to time zone differences and varying state regulations, the voting end times differ across states, with the latest ending at 2 PM Taiwan time on November 6, and the results may still change significantly. Current electoral votes for Trump: 178 votes; Current electoral votes for Kamala Harris: 99 votes. In the past 24 hours, over $255 million across the entire network has been liquidated. In the volatile decline of Bitcoin, according to Coinglass data, over the past 24 hours, the total liquidation amount in the cryptocurrency market exceeded $250 million (with shorts accounting for $179 million), affecting over 77,000 people. Bitcoin's volatility has clearly increased, and investors are advised to exercise caution. Relevant reports: With the U.S. presidential election approaching, what 'speculative targets' can be prepared? The storm of the U.S. election is approaching, is the weak yen the best safe-haven asset? Musk's market effect reappears as 'Dogecoin surges 17%', over 40 million people in the U.S. have voted early. (Breaking News) Bitcoin 'knocks on 73,000' is less than $700 from a new high, is Trump's lead a big gift? This article was first published on BlockTempo (the most influential blockchain news media).

The founder of the cryptocurrency analysis institution 10X Research, Markus Thielen, stated that before the announcement of the U.S. election results, investors could adopt a trading strategy of going long on Bitcoin and shorting SOL. (Background: The U.S. election has begun counting votes! Small town midnight voting: Trump and Kamala Harris tied at 3-3) (Supplementary background: Preparing for the U.S. election) How have the historical performances of the S&P 500 and Bitcoin been in the past ten elections?) The final result of the U.S. election is about to be announced, and the market generally believes that if former President Trump, the Republican candidate, wins, it could lead to a surge in the cryptocurrency market due to potential relaxed regulations. However, if Democratic candidate Kamala Harris wins, the cryptocurrency market may face negative impacts in the short term. 10X Research: Going long on BTC and shorting SOL. In this context, Markus Thielen, the founder of 10X Research, suggested in a report submitted to clients this Monday (4) that investors could adopt a hedging trading strategy of going long on Bitcoin and shorting SOL before the election results are announced. Markus explained: The trading strategy before the election can consider going long on Bitcoin and shorting SOL. This year, the U.S. has launched spot ETF products for Bitcoin and Ethereum, but if Harris wins, ETF products for cryptocurrencies like SOL may have no hope of being launched, which could lead to a 15% decline in SOL. Even if Bitcoin declines, the drop may be limited to about 9%. However, if Trump wins, both SOL, BTC, and ETH could rise, but due to the impact of the spot ETF, the increase in Bitcoin and Ethereum may exceed that of SOL. SOL network transaction fees drop to $2.5 million. Additionally, Markus added that the recent network transaction fees on the Solana chain have decreased from a peak of $5 million per day on October 24 to $2.5 million, which may also contribute to the decline in SOL's price. Solana's price and daily network transaction volume. Source: 10x Research SOL's increase is greater than Bitcoin. However, it is worth mentioning that according to previous data, if Bitcoin experiences a surge, it could lead to a collective rise in altcoins, including cryptocurrencies like SOL, which may see even greater increases. Although the U.S. election is still full of uncertainties, Bitcoin has risen by 4.63% in the past 24 hours, while SOL has surged by 9.54%. Therefore, if SOL does not show a significant decline in the future, Markus's investment suggestion could lead to substantial losses for investors, so please remain cautious when making choices. Related reports: Key time points of the U.S. election, economic policies of both parties, and subsequent market impacts all in one view. The storm of the U.S. election is approaching; is the weak yen the best safe-haven asset? Bitcoin whales reach new highs! Standard Chartered: On U.S. election day, BTC will soar to $73,000. "How to trade on U.S. election day? Analysts suggest: Go long on Bitcoin and simultaneously short SOL." This article was first published in BlockTempo (the most influential blockchain news media).

Bitcoin today (6th) around 8 AM welcomed another strong surge, reaching a high of $71,458. Meanwhile, in the backdrop of the election vote counting, investors seem optimistic about the economic outlook, with all four major indices ending the day higher. (Background: The U.S. non-farm payrolls reached a one-year high, U.S. Treasury yields skyrocketed, could the Federal Reserve pause interest rate hikes in November?) (Additional context: With the U.S. election storm approaching, is the weak yen the best safe-haven asset?) Bitcoin experienced a strong rally after the U.S. stock market opened last night, breaking through $70,000, though selling pressure emerged afterwards, resulting in a significant drop around 3 AM this morning. However, it quickly rebounded and around 8 AM today (6th), it welcomed another strong surge, peaking at $71,458. As for the reason behind this rally, it is speculated that investors believe the current vote counting results are favorable for Trump’s election. However, due to time zone differences and varying regulations across states, the voting end times differ, with the latest being 2 PM Taiwan time on November 6th, so the results could still change significantly. Reuters' real-time election website Bitcoin price trend As for Ethereum, it briefly broke $2,500 before retreating, overall still following Bitcoin's trend. In the past 24 hours, there was a total liquidation of $214 million. In the volatile downward trend of Bitcoin, according to Coinglass data, over the past 24 hours, the total liquidation amount across the cryptocurrency network exceeded $240 million (with shorts accounting for $138 million), affecting over 67,000 people. Currently, Bitcoin volatility has significantly increased, and investors are advised to proceed with caution. All four major U.S. indices rose Despite the ongoing uncertainties of the U.S. elections, investors seem optimistic about the economic outlook, with all four major indices ending the day higher. The Dow Jones Industrial Average rose by 427.28 points or 1.02%, closing at 42,221.88 points. The S&P 500 rose by 70.07 points or 1.23%, closing at 5,782.76 points. The Nasdaq Composite rose by 259.19 points or 1.43%, closing at 18,439.17 points. The Philadelphia Semiconductor Index rose by 83.84 points or 1.69%, closing at 5,057.83 points. Related reports The U.S. presidential election is approaching; what 'speculative targets' can be ambushed? The U.S. election storm is coming; is the weak yen the best safe-haven asset? Musk's market effect reappears as 'Dogecoin surges 17%', with over 40 million people in the U.S. voting early. "(Election Day market) Bitcoin surges to 71,000, Ethereum knocks on the door of 2,500 dollars, and all four indices of the U.S. stock market soar." This article was first published on BlockTempo (the most influential blockchain news media).

The U.S. Securities and Exchange Commission (SEC) reiterated its allegations against Binance and its founder, Changpeng Zhao, regarding violations of federal securities laws in a revised complaint submitted in September. However, following Zhao's recent release from prison, Binance and Zhao's legal team filed a motion on November 4 to counter the allegations made by the SEC in the revised complaint, requesting the court to dismiss the SEC's claims. (Background: CZ Zhao Changpeng released on 9/29! The SEC reaffirms that Binance 'violated federal securities laws') (Additional background: CZ's best relationship with Binance: can still achieve mutual success after decoupling) The SEC filed a lawsuit against Binance's parent company, Binance Holdings, Zhao Changpeng, and Binance US in June 2023, presenting 13 charges against the defendants, alleging that they operated an unregistered exchange, illegally offered and sold securities to U.S. investors, mishandled customer funds, among other accusations. In June 2024, Judge Amy Berman Jackson allowed most of the SEC's charges to proceed but granted Binance and Zhao's motion to dismiss the SEC's allegations regarding Binance's BUSD, Simple Earn, and the sale of BNB on the secondary market as securities or investment contracts. However, in September, the SEC submitted a revised complaint, reaffirming its allegations against Binance for violating federal securities laws, claiming that Binance played a key role in promoting its digital assets through the release of project investments, trading volumes, and price information. Additionally, BNB is also considered a security and is expected to appreciate in the eyes of investors, constituting the definition of an investment contract. Further reading: CZ Zhao Changpeng released on 9/29! The SEC reaffirms that Binance 'violated federal securities laws.' In the SEC's revised complaint, more tokens were classified as securities, including AXS, FIL, ATOM, SAND, and MANA. Binance and CZ seek to dismiss the SEC's revised complaint. However, following Zhao Changpeng's recent release from prison, Binance and Zhao launched a counterattack, with their legal team filing a motion on November 4 to request the court to dismiss the SEC's allegations in the revised complaint. The legal team criticized the SEC for lacking clarity in its regulatory standards regarding crypto assets, arguing that the SEC has failed to clearly define which crypto asset transactions constitute 'investment contracts.' According to a Coindesk report, the lawyers stated in the motion that the revised complaint only superficially respects the court's earlier ruling that crypto assets themselves are not securities and rejected the logical conclusion of that ruling, which states that secondary market resale transactions conducted long after the assets were first distributed by developers are not securities transactions. Conversely, the SEC's revised complaint insists that almost all transactions involving crypto assets, including blind resale of tokens on the secondary market, are securities transactions because some buyers may expect the asset to appreciate in value. The lawyers criticized the SEC for arbitrary regulatory standards concerning crypto assets, noting that the SEC recently retracted its claims that Ethereum transactions are investment contracts without justification. The conclusion of the motion pointed out that the SEC has submitted two lengthy complaints, requiring the defendants to devote significant resources to respond, but the allegations in the SEC's revised complaint remain legally untenable. In light of this, the SEC's allegations against Binance and Zhao Changpeng should be dismissed. The SEC's lawsuit against Binance and Zhao Changpeng is unrelated to previous criminal charges brought against them by the U.S. Department of Justice and other agencies. Binance reached a settlement agreement with the U.S. Department of Justice in 2023, pleading guilty and agreeing to pay a $4.3 billion fine, while Zhao Changpeng served four months in prison; however, the SEC's lawsuit continues. Related reports: CZ promises to interact regularly with the community: enjoying rare quiet time during this period~ Zhao Changpeng CZ: I will participate in the Binance Blockchain Week in Dubai at the end of October in a personal capacity. Zhao Changpeng CZ's first statement after his release: It's great to enjoy good food, and I will continue to invest in blockchain, AI, and biotech. My book is almost finished. "CZ fights back against the SEC after release! With Binance's lawyers seeking court dismissal of the lawsuit: Why are all crypto assets considered securities?" This article was first published on BlockTempo (the most influential blockchain news media).

The Asia FinTech Alliance (AFA) made its debut at the FinTechOn 2024 Annual Forum hosted by the Taiwan FinTech Association on November 4, where AFA members representing 14 Asian economies announced the signing of a Memorandum of Understanding (MOU) for anti-fraud cooperation, both remotely and on-site. (Background: The Taiwan FinTech Association's annual forum FinTechOn makes a strong return: focusing on virtual asset regulation and anti-fraud) (Supplementary background: FinTechOn2024 highlights) Peng Jinlong: Anti-fraud mechanisms must be integrated into all banks and VASP operational layers! This article is a press release written and provided by TFTA. A survey published by the Global Anti-Scam Alliance (GASA) found that more than 40% of people in Asia encounter scams every month, with Hong Kong and Thailand reaching as high as 90%. The most common types of scams are 'personal information theft,' 'investment fraud,' and 'shopping fraud,' with financial losses from scams in 2024 estimated to reach as high as $688 billion. Criminal groups' scamming techniques are constantly evolving, utilizing the latest technologies such as AI and blockchain, while illicit financial flows continue to cross borders. Only by forming effective cross-border cooperation can unlawful funds be effectively blocked, and scams accurately targeted. Given that rampant fraud is a common challenge for all countries, the members of the Asia FinTech Alliance (AFA), comprising 14 Asian economies, signed a Memorandum of Understanding (MOU) for anti-fraud cooperation. The Asia FinTech Alliance (AFA) made its debut at the FinTechOn 2024 Annual Forum on November 4, where, recognizing that rampant fraud is a common challenge for all countries, AFA members representing 14 Asian economies signed a Memorandum of Understanding (MOU) for anti-fraud cooperation, agreeing to form a working group to enhance public awareness of financial and investment-related fraud, jointly develop and implement best practices for anti-fraud, and establish a consistent anti-fraud mechanism across nations to more effectively address related cases of cross-border organized fraud. Financial Supervisory Commission Chairman Peng Jinlong stated: "Regulation of virtual assets and anti-fraud efforts require not only public-private cooperation but also international collaboration. Events like AFA and FinTechOn, which are international annual forums, help promote exchanges and cooperation among countries to collectively tackle the new challenges brought by financial technology." The Ministry of Justice also expressed high recognition of this event, with Deputy Minister Huang Shijie emphasizing in his speech: "The Taiwan government has completed the amendments to the 'Four Anti-Fraud Laws' and the 'Anti-Money Laundering Act,' symbolizing the strengthening of Taiwan's regulations. To enable the public to trust the virtual currency industry and to enhance confidence in the industry, it is necessary to work together to establish a healthy communication platform between the government and industry players." AFA was established just one year ago, with Taiwan FinTech Association Honorary Chairman Tsai Yuling serving as the first chairperson. Members include: Taiwan FinTech Association, Korea FinTech Industry Association, Elevandi Japan, Fintech Alliance.Ph from the Philippines, FinTech Association of Malaysia, Thai FinTech Association, FinTech Association of Hong Kong, Singapore FinTech Association, Fintech Indonesia, Mongolian Fintech Association, Cambodia Association of Finance and Technology, FinTech Alliance Nepal, Vietnam Fintech Club, and Fintech Convergence Council from India. The Asia FinTech Alliance (AFA), composed of 14 economies, attended the FinTechOn annual forum for the first time, with representatives from Korea, Malaysia, Hong Kong, Cambodia, and Taiwan discussing the current state of fraud in Asia and anti-fraud methods both online and offline. Taiwan High Prosecutor's Office Chief Prosecutor Zhang Douhui stated: "International cooperation, tracing and cutting off sources, and technological law enforcement are currently the targeted directions for fraud punishment. Cross-border fraud cases, with their servers located abroad, are difficult to investigate, thus relying more on international cooperation, including judicial assistance between countries, contacts with foreign prosecution agencies and police, and collaboration with the private sector, such as cooperation with foreign exchanges providing virtual asset trading services." Zhang Douhui also mentioned in his speech at FinTechOn 2024: "International cooperation, tracing and cutting off sources, and technological law enforcement are currently the targeted directions for fraud punishment." "Regulation" and "anti-fraud" are the two major themes of this year's FinTechOn Annual Forum, which serves as Taiwan's most representative platform for discussions on financial technology policies. AFA's participation symbolizes Taiwan's important leadership role in promoting coordinated consistency in Asian financial technology policies. About the Taiwan FinTech Association (TFTA) The Taiwan FinTech Association (TFTA) is a non-profit organization aimed at promoting the development and innovation of fintech in Taiwan. Established in 2017, it has since become one of the leaders in Taiwan's fintech industry. TFTA advocates for regulatory policies and measures that support domestic and international fintech innovation. TFTA maintains close ties with government agencies, industry stakeholders, and international organizations. TFTA serves as an important platform for connection, cooperation, and development within Taiwan's fintech community. TFTA is an official member of the Asia FinTech Alliance (AFA), an alliance composed of fintech associations from various Asian countries and regions. The strategic partnership between TFTA and AFA enables Taiwan to actively engage in the broader Asian fintech community, aligning with regional trends and expanding Taiwan's influence in the global fintech landscape. Related Reports "Fintech associations from 14 Asian countries sign MOU for anti-fraud cross-border cooperation; the Financial Supervisory Commission and the Ministry of Justice welcome the outcome" was first published on BlockTempo (the most influential blockchain news media).

The U.S. presidential election officially kicked off at midnight local time on the 5th, with 6 registered voters in the New Hampshire village of Dixville Notch casting votes that resulted in a tie of 3 for Republican candidate Donald Trump and 3 for Democratic candidate Kamala Harris in the first battle of the election. (Background: U.S. presidential election scenario simulation) Investors are most optimistic about this scenario; if Trump and Harris engage in a legal battle, the market may plunge.) (Additional context: Wall Street shark Bernstein: Regardless of who is elected U.S. president, Bitcoin will surpass $200,000 by 2025.) Voting began at 12:00 a.m. on November 5 in Dixville Notch, New Hampshire, and the counting has been completed. A total of 6 voters registered to vote, with Republican candidate Donald Trump and Democratic candidate Kamala Harris tying at 3 votes each, marking the start of the 60th U.S. presidential election. Due to the early voting results, this town has become the focus of national media attention, with the number of visiting reporters surpassing the number of voters; however, over the years, the voting results from this area have had little reference value for election trends. Image source: Associated Press. Internet celebrity hippo MooDeng predicts Trump will win. In pre-election polls, support for both sides has remained closely contested, and market opinions on who will win have not been unified. According to foreign media reports, MooDeng, a hippo from Khao Kheow Open Zoo in Thailand, chose to eat a watermelon inscribed with Trump's name during a prediction event on the 4th, seemingly forecasting that Trump will be elected U.S. president. Although MooDeng does not possess predictive abilities, his watermelon-eating prediction adds a touch of entertainment to the tense presidential election. Musk: Trump will win Pennsylvania by 500,000 votes. The swing state of Pennsylvania has become a battleground for both candidates. Trump's top supporter, Tesla CEO Elon Musk, has actively campaigned for Trump across Pennsylvania before the election. Additionally, Musk has spent $16 million in Pennsylvania to hold a lottery, which once sparked legal disputes. Furthermore, regarding this election, Musk also tweeted today (5th) using data analysis of the swing state situation, stating that Trump is expected to win Pennsylvania by a margin of 500,000 votes: According to the currently tabulated early voting data from swing states, here are the early voting gaps between Republicans and Democrats (R minus D): Republican turnout on election day is usually higher than Democrat turnout; therefore, states leaning Republican in early voting are very likely to support Trump. Although Pennsylvania currently leans Democratic in early voting, the turnout on election day is extremely high. If Trump’s turnout on that day is the same as in the previous election, he is expected to win by about a 500,000 vote margin, potentially achieving an overwhelming victory. Below are the R minus D early vote deltas in swing states before tomorrow. Republican turnout on election day is usually much higher than Democrat, so any state currently leaning R in early voting is very likely to side with Trump. Pennsylvania, while still leaning D, has a… pic.twitter.com/1RziVhte02 — Elon Musk (@elonmusk) November 5, 2024. S&P Index predicts presidential candidates. On the other hand, according to previous reports from Dong District, data from independent brokerage LPL Financial shows that in the past 24 U.S. presidential elections (1928-2020), the S&P 500 index accurately predicted 20 times, with an accuracy rate of 83.3%. In this regard, LPL Financial’s Chief Technical Strategist Adam Turnquis also provided an explanation regarding the S&P 500 index’s predictions: The S&P 500 index effectively predicts U.S. presidential election outcomes. This index tracks the stock performance of the largest publicly listed companies in America; historical data shows that if the index rises in the three months leading up to the election, the incumbent party’s candidate usually wins; if the index falls, the incumbent party typically loses power. From the current data, the S&P 500 index has shown an upward trend compared to three months ago; based on past indicators, Kamala Harris is very likely to win. However, the current market economy is different from the economic background of previous elections, and many analysts have begun to express doubts about the predictive ability of the S&P 500 index. Related reports: U.S. election) CFTC targets election prediction platform Polymarket, will learn from Taiwan to catch gamblers and shut down domains? Japan's Prime Minister to be replaced! Fumio Kishida exits the Liberal Democratic Party election, Japanese stocks suddenly turn bearish, who are the successors? Arthur Hayes: I prefer Solana over ETH, the election results are not important, "Fed rate cuts" are key. "U.S. election first vote count! Small town midnight voting: Trump and Harris tie 3-3" This article was first published on Dong District BlockTempo (Dong District Movement - the most influential blockchain news media).

2024 U.S. Presidential Election enters its final day, Polymarket whales continue to back Trump with over $17.2 million bet on his victory. Trump concept stocks surged on Monday, and Trump claimed he is significantly ahead. However, multiple closing polls show that Kamala Harris and Trump are still in a tight race. (Background: U.S. Presidential Election is close) Polymarket whale bets $5 million on Harris, Trump leads by less than 10%. (Context: Four scenarios of the U.S. Presidential Election) Investors are most optimistic in Scenario 1; if Trump and Harris engage in legal battles, the market may plummet... The U.S. Presidential Election voting is set to take place on the 5th local time, with Democratic candidate and current Vice President Kamala Harris and Republican candidate and former President Trump still tightly contested in traditional polls until the last moment. However, on the well-known decentralized prediction market Polymarket, Trump's winning probability is as high as 58.5%, significantly surpassing Harris by nearly 17%. Polymarket whales continue to back Trump. The surge in Trump's winning probability on Polymarket is driven by several whales who have invested tens of millions of dollars in backing Trump. On the 5th, on-chain analyst Yu Jin pointed out that the largest address betting on Trump's victory on Polymarket, 0xd23…f29 (account nickname zxgngl), has continued to increase its position with an additional $3.1 million bet on Trump. He has now invested $17.2 million USDC on Trump's victory, and if Trump wins, he stands to gain $10.94 million. However, if Trump does not win the election, all his investment will be lost (unless he has other hedging operations). Yesterday, a whale spent $5 million USDC betting on Harris's victory, which temporarily narrowed Trump's lead from 28% to less than 10%. Yu Jin estimates that if his prediction comes true, he could earn up to $10.87 million in returns. Furthermore, the top whale supporting Trump, which has attracted mainstream media attention and even faced investigation from the platform, recently claimed in an interview with WSJ to be a French trader who has spent over $30 million using four accounts (Fredi9999, Princess Caro, Michie, and Theo4) backing Trump and the Republican Party for a massive victory. It is estimated that if his prediction is successful, he could potentially earn an astonishing return of $80 million. Extended reading: Polymarket "Betting $30 million on Trump" whale under investigation: The Frenchman claims it is not for hype and believes he will definitely profit. Looking at the election situation from the U.S. stock market: S&P 500 favors Harris, Trump concept stocks surge after hours. Additionally, from the stock market indicators perspective, in the past 24 U.S. presidential elections, the S&P 500 index has predicted the winner with an accuracy rate of up to 83.3%. Currently, it remains on an upward trend compared to three months ago. If there is no unexpected plunge today, the current ruling Democratic Party candidate Kamala Harris has a higher likelihood of winning. However, it is worth noting that Trump's concept stock, Trump Media & Technology Group (DJT.O), rose 12.37% on Monday, and during after-hours trading, it surged over 8.7%, highlighting Trump's momentum on the eve of the election. Extended reading: Can the S&P 500 accurately predict the U.S. presidential candidate? An 83% winning probability reveals Harris may defeat Trump. Closing polls show Harris and Trump remain locked in a tight race. Turning to traditional polls, most final closing polls show Harris and Trump are still closely contested, with the margin of error within the range. The tight race is seen as the most difficult to judge in this U.S. election. National Poll PBS News/NPR/Marist: Harris 51% vs Trump 47% (Harris leads by 4%, exceeding the 3.5% margin of error, nearly identical to the closing poll before Biden's victory in 2020) AtlasIntel: Harris 48.1% vs Trump 49.2% (Trump leads by 1.1%, still within a 2% margin of error) New York Times: Harris 49% vs Trump 48% ABC/FiveThirtyEight: Harris 48% vs Trump 46.2. Swing states: The seven major swing states with a total of 93 electoral votes will be crucial in determining who crosses the threshold of 270 electoral votes needed to become President of the United States. Emerson College/Congressional Hill Report: Trump narrowly wins 4 states (Arizona, Georgia, North Carolina, Pennsylvania), while Harris narrowly wins 1 state (Michigan), and the other 2 states are tied (Wisconsin, Nevada), but the gaps between the two in the 7 states are all within the margin of error. ABC/FiveThirtyEight and RealClearPolitics both show Trump has a larger advantage in Arizona, North Carolina, and Georgia, while he slightly leads in Pennsylvania; Harris has small victories in the blue wall states of Michigan and Wisconsin. AtlasIntel: Trump sweeps all seven swing states. New York Times: Harris has a slight lead in North Carolina, Georgia, Wisconsin, and Nevada, while Trump leads in Arizona by 4%, with the other 2 states Pennsylvania and Michigan tied. As the U.S. election enters the final night before voting, Trump will hold four rallies in three swing states on the last day, focusing on Pennsylvania, which has 19 electoral votes; Harris will also concentrate on Pennsylvania, bringing in heavyweights like Lady Gaga and Oprah for a pre-election rally in Philadelphia. Who will take over the White House in the 2024 presidential election remains to be seen, and the world is holding its breath. Related reports: Election meme coin battle) Trump's concept coin rebounds from the bottom, while Harris's $KAMA plummets over 40%.. Polymarket "Betting $30 million on Trump" whale under investigation: The Frenchman claims it is not for hype and believes he will definitely profit. Will Trump win big? 4 signs reveal that the number of supporting voters is more than expected, says a former Reagan analyst! Federal Reserve's mouthpiece: Trump's election may trigger a "resurgence of inflation" crisis! U.S. Treasury yields hit a three-month high.

The U.S. presidential election voting will take place on the 5th, amid intensified fluctuations in the currency market. The bankrupt cryptocurrency exchange Mt. Gox transferred up to 32,371 bitcoins this morning, worth about $2.2 billion, suspected to be preparing to send these bitcoins to exchanges to compensate creditors, with expectations that this move may affect the price of bitcoin. (Background: Good news) Mt. Gox extended the repayment deadline to October next year. How much potential selling pressure of bitcoin is there? (Background: Bitcoin falls below 63,000) Don't forget that Mt. Gox's selling pressure will continue until October, and the wallet still holds 45,000 BTC.) According to Arkham Intelligence data, starting at 7:38 this morning, the Mt. Gox wallet transferred up to 32,371 bitcoins within two hours, valued at about $2.2 billion, of which nearly 30,400 bitcoins were sent to an address starting with 1FG2C..., and the remaining 2,000 bitcoins were sent to another cold wallet of Mt. Gox, which were subsequently transferred to an unknown address starting with 15gNR.... The Mt. Gox wallet address currently still holds 44,300 bitcoins, worth approximately $3.05 billion. Notably, this morning's transfer set a record for the largest transfer scale by Mt. Gox in recent months. Just four days ago, the Mt. Gox address had transferred 500 bitcoins to two unmarked wallet addresses, marking the first transfer activity since the end of September. Mt. Gox's pattern of transferring large amounts of bitcoin usually involves consolidating funds to a new address before sending them to exchanges. The Block pointed out that in the past, Mt. Gox had conducted such transfers before compensating creditors through exchanges like Bitstamp and Kraken, indicating that these bitcoins may also be sent to exchanges next, likely in preparation for creditor compensation. Traders analyze that Mt. Gox's repayments will likely increase selling pressure in the bitcoin market to a large extent, as early investors who lost these bitcoins ten years ago now see the price significantly higher, leading them to choose to at least sell part of their assets. The repayment deadline extension and selling pressure may be limited. Mt. Gox was once the world's leading cryptocurrency exchange but was hacked in early 2014, losing about 850,000 bitcoins, of which nearly 750,000 were customer assets. After ten years of bankruptcy litigation, Mt. Gox finally began repaying creditors in July this year, originally scheduled to pay 142,000 BTC and 143,000 BCH to creditors before October this year. However, in October, Mt. Gox announced that due to many creditors not completing the necessary procedures to receive repayments and various issues during the repayment process, a certain number of bankruptcy creditors had temporarily not received repayments, thus extending the compensation deadline to October 31, 2025. With more repayment time available, it is expected that the selling pressure on bitcoin will not be so concentrated. In June this year, Galaxy Research director Alex Thorn analyzed that the selling pressure triggered by Mt. Gox will ultimately be less than expected, as nearly 75% of creditors chose early payout (which requires accepting a 10% devaluation), therefore only about 95,000 bitcoins will be used for early compensation payments. Furthermore, most creditors are primarily long-term holders of bitcoin and are expected to hold onto their bitcoins more firmly than the market anticipates, indicating that the selling pressure on bitcoin will not be as significant as investors imagine. However, due to the low liquidity of BCH, there may be severe declines. Related reports have noted the loss of 850,000 bitcoins) Former Mt. Gox CEO will launch a new exchange EllipX: special discounts for old customers Bitcoin spike at 58,500) Mt. Gox transfers out another 12,000 BTC, U.S. stocks close in the red, waiting for Fed meeting minutes Air raid warning) Mt. Gox transfers out $2.25 billion worth of bitcoins again, can BTC hold above 66,000? "Mt. Gox transfers out 32,000 bitcoins, is a new round of BTC sell-off coming before the U.S. election?" This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).