The voting day for the 2024 U.S. presidential election is November 5, with results expected to be finalized around noon on the 6th Beijing time. Referring to the election processes of 2016 and 2020, polling stations in various states will open sequentially starting at 6:00 AM Eastern Time on November 5, with stations gradually closing after 7:00 PM that day, leading to election forecasts. Generally, the election results can be confirmed around midnight on the same day, corresponding to around noon on the 6th Beijing time.
With the 2024 U.S. presidential election approaching, the cryptocurrency market is experiencing unprecedented attention and enthusiasm. This political feast not only attracts the gaze of traditional media but also makes cryptocurrencies the focal point of discussion among voters and investors. Whether it’s Bitcoin’s price fluctuations or debates on cryptocurrency-related policies, the dynamics in this area have become the center of public discourse. Therefore, many market analysts believe that cryptocurrencies may be the 'real winners' of the U.S. election.

China has maintained its global leadership in Bitcoin mining despite a total ban on cryptocurrency trading and mining activities by the Chinese government. However, China is facing strong competition from the United States for its dominance in Bitcoin mining as the United States is rapidly rising in the field. According to the latest market data and industry analysis, although China's hash rate has rebounded, its global market share is gradually tilting towards the United States.

China’s dominance in Bitcoin mining is no accident. As early as 2017, China became the world’s largest Bitcoin mining country, with a large number of mining machines and cheap electricity, and at one point contributed more than 75% of the world’s hash rate. Until the government imposed a strict ban on cryptocurrencies in 2021, many people believed that China’s Bitcoin mining industry would decline rapidly. However, it turns out that Chinese miners have not completely withdrawn from this market.

With the rapid development of the global artificial intelligence and cryptocurrency fields, Russia is accelerating its layout of this important frontier technology track, especially in the cooperation under the framework of the BRICS countries. BitRiver, a Russian state-backed cryptocurrency mining company, is committed to expanding its business to the BRICS countries (Brazil, Russia, India, China and South Africa). This is not only Russia's deep involvement in global cryptocurrency and blockchain technology, but also highlights its strategic layout for the future of artificial intelligence and digital economy.

As Bitcoin and other cryptocurrencies continue to gain influence in the global financial market, technology giant Microsoft has also begun to consider whether to include Bitcoin on its balance sheet. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Microsoft will vote on the "Evaluation of Investing in Bitcoin" proposal at its shareholders meeting on December 10, 2024.

The proposal was made by the conservative think tank National Center for Public Policy Research (NCPPR), which recommends that Microsoft invest at least 1% of its total assets in Bitcoin. NCPPR said that as inflationary pressures increase, companies should consider Bitcoin as a hedging tool to protect shareholder value.

Recently, Ireland announced it will draft an 'emergency' cryptocurrency regulation to address the EU's impending anti-money laundering (AML) and counter-terrorism financing (CFT) legislation. This new EU regulation will have a profound impact on the cryptocurrency market across the EU, and with its implementation, the 'winners' and 'losers' in the market will soon be revealed.
Ireland's legislative action stems from the EU's upcoming anti-money laundering regulations. To ensure the stability and legality of its domestic cryptocurrency market, the Irish government has decided to take preemptive measures by drafting emergency regulations to further regulate the use and trading of cryptocurrencies. The Central Bank of Ireland and regulatory bodies unanimously believe that taking proactive action is crucial to maintaining the transparency and legality of the national financial market, given the increasing complexity of the global cryptocurrency market.

Despite India leading the global cryptocurrency adoption rankings, the government’s attitude towards private cryptocurrencies seems quite cautious. Reports indicate that the Indian government is considering banning private cryptocurrencies like Bitcoin and Ethereum in favor of supporting central bank digital currency (CBDC) as a safer and more inclusive financial system.

In recent years, India's cryptocurrency market has developed rapidly, with many showing strong interest in digital assets like Bitcoin and Ethereum. However, this enthusiasm has not been recognized by the government. The Indian government and regulatory agencies are concerned about the financial stability risks and potential illegal activities (such as money laundering and terrorist financing) posed by decentralized cryptocurrencies. In contrast, CBDCs can do everything that private cryptocurrencies can do, but with less risk. This new digital currency (Digital Rupee) will be issued by the Reserve Bank of India, aiming to provide a more stable form of currency.

In recent years, the rapid development of cryptocurrencies has attracted the attention of countries around the world, especially Bitcoin, as the most representative digital currency, whose price fluctuations and investment opportunities have attracted a large number of speculators. However, as the market is hot, governments around the world have also begun to closely monitor and strengthen tax policies on cryptocurrencies.
In October 2024, the Italian government officially announced that it would increase the capital gains tax on cryptocurrencies such as Bitcoin to 42%, a move that triggered a strong reaction from the cryptocurrency community and shocked global investors. This high tax rate will not only directly affect Bitcoin investors in Italy, but may also have a profound impact on the competitiveness and attractiveness of the overall cryptocurrency market in Europe.

As the US election approaches, the world's attention is once again focused on the dynamics of American politics, and the cryptocurrency industry is paying special attention to the upcoming election. More and more voices indicate that the crypto world seems to prefer Trump to win the 2024 election.
At the same time, Elon Musk, CEO of Tesla and SpaceX, has also frequently spoken out in this political competition, even saying "If Trump loses the election, I might go to jail and go bankrupt." Even more surprising is that Musk recently promised to provide up to $1 million in rewards to specific voters, revealing a complex political and financial game behind the scenes.

Recently, Russian President Vladimir Putin suggested at a BRICS economic cooperation meeting to postpone plans to create a unified currency and temporarily adopt digital currency to promote trade and investment between countries. This news quickly attracted global attention.
BRICS is an international organization composed of emerging market countries. Its founding members are Brazil, Russia, India and China. On December 23, 2010, South Africa officially joined and became the BRICS. After the 2023 summit, it was announced that Egypt, Ethiopia, Iran, the United Arab Emirates, Argentina and Saudi Arabia would be invited to become formal members of BRICS.

On October 18, 2024, a regulatory document showed that the U.S. Securities and Exchange Commission (SEC) had "accelerated approval" for the listing of options trading for multiple Bitcoin spot ETFs. This news has undoubtedly attracted widespread attention in the cryptocurrency market, which means that the acceptance and popularity of Bitcoin in the U.S. financial market has reached a new height.

Currently, the U.S. Securities and Exchange Commission has approved NYSE American LLC and Cboe Exchange, Inc. to list and trade options on multiple spot Bitcoin exchange-traded funds.

Recently, TikTok, a short video platform owned by Chinese company ByteDance, has attracted the attention of regulators for allegedly operating as an unregistered cryptocurrency exchange in the UK. This incident not only raised questions about the platform's virtual currency system, but also made people worry about the risk of it being involved in illegal activities such as money laundering and terrorist financing.

TikTok is a short video-sharing platform launched by Chinese company ByteDance that has hundreds of millions of users around the world. As TikTok gradually expands its business model, including launching e-commerce and a virtual currency system, regulators are beginning to question its operations.

The security of cryptocurrencies has always been a focus of investors. Although crypto assets themselves can ensure the security of transactions through complex encryption algorithms, their storage and management often become a weak link to attacks.
Recently, an incident about a cryptocurrency cold wallet being nearly confiscated by Chinese customs has attracted widespread attention. This incident not only reveals the strictness of customs inspections on electronic devices, but also reminds many inbound and outbound travelers to be more cautious when carrying digital assets.

A netizen named DARTER shared that he had no problems when entering Hangzhou, but was stopped when he was about to go through security check on his way back to Taiwan. After the customs found two "flash drives" (which looked like flash drives but were actually cold wallets) in his bag, they asked him about it. DARTER responded, "I like photography, so I store my photos in them. It doesn't matter if I look at them casually." The customs then looked at his cold wallet and released it after confirmation by his colleagues, which made DARTER breathe a sigh of relief.

Recently, it was reported that Chinese researchers successfully cracked several commonly used encryption algorithms using quantum computers. This news has attracted widespread attention, especially in the field of cryptocurrency. The rapid development of quantum computing may not only subvert the computing power of traditional computers, but also bring great uncertainty to the future of cryptocurrency.

To understand the threat that quantum computers pose to cryptocurrencies, you first need to understand how it works. Traditional computers rely on a binary system, where information is stored and processed in the form of "0s" and "1s." However, quantum computers use the principles of quantum mechanics to process multiple states at the same time - this is a quantum bit (qubit). Simply put, qubits can be "0" and "1" at the same time, which enables quantum computers to perform ultra-high-speed parallel calculations and have significant speed advantages when solving certain complex problems.

In recent years, the stablecoin USDT (Tether) has been a mainstay in the cryptocurrency market. However, as the cryptocurrency industry continues to develop, Tether's role and influence are also expanding. Recently, Tether decided to take a new strategic direction and began to explore opportunities to provide loans to commodity trading companies. This move not only diversifies Tether's role in the cryptocurrency market, but also has a profound impact on the global economy and financial markets.
Founded in 2014, Tether is the world's largest stablecoin issuer, and its USDT (Tether) accounts for nearly 70% of the cryptocurrency market. As a stablecoin pegged to the US dollar, the widespread use of USDT has made it one of the main media for global transactions.

In recent years, the cryptocurrency market has developed rapidly, but with it, supervision has also increased significantly. According to a new report, U.S. regulators have collected as much as $31.92 billion in fines and settlements from multiple cryptocurrency companies since 2019. This huge amount not only reflects the turmoil in the crypto industry, but also shows the heightened attention of regulators to crypto market risks.

The United States began enforcing the crypto industry in 2019, when the SEC fined Block.one, the issuer of EOS, $24 million. Then in 2020, Telegram was fined $1.24 billion for issuing Gram tokens without registration. At the beginning of the cryptocurrency boom in 2021, stablecoin issuer Tether paid a fine of $18.5 million for falsely reporting USDT assets. Exchanges such as Poloniex and BitMEX were also fined one after another, and in 2022, BlockFi and Bittrex paid fines of $100 million and $29 million respectively. U.S. regulation has become increasingly stringent.

The story of Bitcoin is always full of legends, and this time, the protagonist of the story is a British man named James Howells. He accidentally discarded a hard drive containing 8,000 Bitcoins 11 years ago, and recently filed a lawsuit against his city government, claiming about 495 million pounds (about 4.57 billion yuan). This case has attracted widespread attention and triggered discussions on digital asset management and legal responsibilities.
The incident dates back to 2013, when James Howells, an IT engineer from Newport, England, mistakenly discarded a hard drive containing 8,000 bitcoins as garbage. At the time, these bitcoins were worth less than 1 million pounds. However, with the soaring price of bitcoin, the current value of 8,000 bitcoins has exceeded 500 million pounds (about 4.62 billion yuan), which makes James' loss particularly huge.

Recently, the Federal Bureau of Investigation (FBI) of the United States, the Securities and Exchange Commission (SEC) and other regulatory agencies jointly launched a major operation against the cryptocurrency market. Through the means of "fishing enforcement", they successfully lured several market makers suspected of market manipulation and fraud. This operation has attracted widespread attention, not only revealing illegal activities in the cryptocurrency industry, but also marking the regulators' tough attitude towards the crypto market.
In this operation, the FBI established a fake cryptocurrency project called NexFundAI, which is actually a so-called "junk coin" (a fake cryptocurrency with no real value or project support), and used it as bait to contact multiple market makers. The FBI's goal is to further uncover illegal activities such as market manipulation, fraud and money laundering by monitoring the trading behavior of these market makers.

In the field of cryptocurrency, Vitalik Buterin (commonly known as "V God"), the founder of Ethereum, has received increasing attention in recent years, especially in the economics community. Two well-known economists Tyler Cowen and Alex Tabarrok recently mentioned in their podcast that considering the profound impact of Ethereum on monetary economics, V God should be a candidate for the Nobel Prize in Economics, and this proposal has sparked widespread discussion.

Since Vitalik Buterin proposed Ethereum in 2013, he has been committed to promoting innovation in blockchain technology. Ethereum, as the world's second largest cryptocurrency, is not only a cryptocurrency, but also a programmable blockchain that allows developers to build decentralized applications (DApps).

The cryptocurrency market has faced unprecedented pressure recently, especially the sell-offs from the state, which have attracted widespread attention. The US government plans to sell about 69,370 Bitcoins, estimated to be worth about $4 billion, and about 833,000 Ethereum (ETH) related to the Chinese PlusToken scam may also enter the market, worth about $1.3 billion. These sell-offs may have a significant impact on the market, and investors have shown obvious concerns about this.
US sells off Bitcoin
According to the latest data, the U.S. government currently holds 203,239 bitcoins, worth more than $12.63 billion. These bitcoins mainly come from assets seized by the government in a series of judicial actions, including famous cases such as "Silk Road". The legal dispute over Silk Road lasted for more than four years, and these assets remained untouched. However, a ruling made by the U.S. Supreme Court on October 7 gave the government full control over Bitcoin, allowing the government to decide how and when any potential sales will be carried out.

Recently, the new work (Money Electric: The Bitcoin Mystery) by the well-known documentary producer Cullen Hoback has sparked heated discussions in the currency circle because the film finally "revealed" the true identity of Bitcoin inventor Satoshi Nakamoto, who is former Bitcoin Core developer Peter Todd.
Satoshi Nakamoto is the pseudonymous founder of Bitcoin. His white paper published in 2008 and the launch of the Bitcoin network in 2009 marked the beginning of the digital currency era. Although people have speculated and studied the true identity of Satoshi Nakamoto for many years, no conclusive conclusion has been reached so far.