<p>U.S. Senator John Thune has been elected as the Majority Leader of the U.S. Senate for next year; he has previously supported cryptocurrency-related legislation. Howard Lutnick, CEO of Cantor Fitzgerald, is vying for the position of U.S. Treasury Secretary and supports cryptocurrency. The U.S. October non-adjusted CPI year-on-year is 2.6%, and the core CPI year-on-year is 3.3%, both in line with expectations. FTX co-founder Gary Wang is developing software tools to detect fraud for the U.S. government. Former SEC chairman Jay Clayton stated that cryptocurrency legislation might emerge during Trump's administration. Coinbase Wallet will launch a "Tap to Pay" cryptocurrency solution. Arca has signed a letter of intent to merge with BlockTower. Some iOS users of Phantom have experienced application resets. Sotheby's auction house will accept cryptocurrency payments. Musk claims that DOGE's inflation rate is a feature. Grayscale's Bitcoin and Ethereum mini trusts have seen net inflows exceeding 1 billion dollars. Coinbase has listed dogwifhat (WIF) and Pepe (PEPE). Robinhood has re-listed SOL, ADA, and XRP. Polymarket is under investigation for allegedly allowing U.S. users to place bets. Coinbase has acquired the Utopia Labs team. BlackRock's BUIDL fund has expanded to multiple blockchains. CurveDAO has launched the savings module Savings crvUSD. The Cardano Foundation's expenditures for 2023 amount to 23.70 million dollars. 0G Labs has completed a 40 million dollar seed funding round. BTC has broken through 93,000 dollars. A certain whale has transferred a large amount of ETH and BTC. The price of the squirrel meme coin PNUT has surged.</p>

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Majority Leader of the U.S. Senate to be Senator John Thune, who supports cryptocurrency legislation
According to The Block, U.S. Senator John Thune, who has supported cryptocurrency-related bills, has been elected as the Majority Leader of the U.S. Senate for next year. The Republican senator from South Dakota was chosen during a closed-door meeting on Wednesday. Thune currently serves on the Senate Finance Committee, which oversees tax and revenue matters. In 2022, he co-sponsored a cryptocurrency bill known as the "Digital Goods Consumer Protection Act" with several senators. This bill aims to establish a legal definition for digital goods and bring their trading under the jurisdiction of the Commodity Futures Trading Commission (CFTC). Thune also voted in May in favor of a proposal aimed at overturning the U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin No. 121 (SAB 121).

Cantor Fitzgerald CEO Howard Lutnick vying for Treasury Secretary position
According to Cointelegraph, Trump is selecting cabinet members for the incoming U.S. government in 2025, and the position of Treasury Secretary is reportedly contested between Scott Bessent and Cantor Fitzgerald CEO Howard Lutnick. FOX Business reporter Eleanor Terrett stated that Bessent is "almost certain" to get the job. This asset manager, who supports crypto assets, is seen as the most likely candidate for U.S. Treasury Secretary alongside hedge fund manager John Paulson. However, sources close to the process indicate that Paulson has withdrawn from the cabinet selection due to what he described as "complex financial obligations," and Lutnick is said to have rushed to join the race for Treasury Secretary. Although the position is currently undecided, both Lutnick and Bessent are candidates who support cryptocurrency, believing that the industry will continue to exist and hoping for advancement in the digital asset sector in the U.S. Notably, Lutnick's firm Cantor Fitzgerald has served as the custodian for Tether's U.S. Treasury bond portfolio since 2021 and became the custodian for Tether’s bond portfolio in 2023. Lutnick has been a supporter of cryptocurrency, having praised Tether and Bitcoin.

U.S. October unadjusted CPI year-on-year at 2.6%, core CPI year-on-year at 3.3%, both meeting expectations
According to Jin10, the U.S. unadjusted CPI year-on-year for October is 2.6%, expected at 2.6%, with a previous value of 2.4%. The U.S. unadjusted core CPI year-on-year for October is 3.3%, expected at 3.3%, with a previous value of 3.3%. 

Later reports indicate that traders have increased their bets on a Fed rate cut in December.

U.S. prosecutors: FTX co-founder Gary Wang developed software tools to help the U.S. government detect fraud
According to Bloomberg, Gary Wang, like his former FTX colleague who is now a witness for the U.S. government, has provided "outstanding" assistance to federal prosecutors in the case against FTX founder Sam Bankman-Fried (SBF). Prosecutors indicated that Wang created "tools" to help the U.S. government detect other fraudulent activities while seeking leniency for him. In a sentencing document submitted by federal prosecutors on Wednesday, it was stated: "Wang also provided significant assistance—and took steps to correct past mistakes in the process—utilizing his extraordinary computer programming skills to detect potential fraud in the stock and cryptocurrency markets. Unlike other conspirators, Wang did not lie to clients, lenders, or investors, nor did he spend client money." While prosecutors did not offer specific sentencing recommendations, the submitted document requested the court to consider Wang's outstanding cooperation. Prosecutors also noted that Wang was the first insider from FTX to cooperate with them, despite almost no written evidence linking Wang to any fraudulent activities. Gary Wang is scheduled to be sentenced on November 20 for his role in the FTX collapse.

Former SEC Chairman: Cryptocurrency legislation may be introduced during Trump’s presidency
According to Jin10, former SEC Chairman Jay Clayton stated on Wednesday that the U.S. Congress might pass legislation regulating cryptocurrency after Trump's return to office. Clayton also expressed support for easing regulatory burdens to encourage companies to go public, suggesting a significant shift in public policy, which is also what the industry is currently anticipating, for which they have spent heavily to influence this month's presidential election.

Coinbase Wallet to launch "Tap to Pay" crypto solution, and Base to achieve L2 interoperability in months
According to Cointelegraph, Coinbase Wallet is set to launch a "Tap to Pay" crypto solution, entering the competition with Cash App, Venmo, PayPal, and other fast payment companies. Jesse Pollak, head of Coinbase Wallet and founder of Base, revealed in an interview that this feature is "currently in internal alpha testing" and a full release is "coming soon." Additionally, Pollak aims to integrate Coinbase Wallet into 50 markets by the end of 2025. Pollak noted that part of the integration will involve connecting user bank accounts to the Coinbase Wallet. Meanwhile, Pollak stated that Base is seeking to resolve Ethereum Layer 2 interoperability issues within the "next six months." Although there are several cross-chain solutions between the Ethereum mainnet and Ethereum Layer 2, Base and other Ethereum Layer 2s remain decentralized.Pollak stated that this issue is being "quickly resolved" through two important standards: ERC-7683 (which introduces interoperability standards for cross-chain transfers) and RIP-7755 (which enables trustless execution between chains).

Digital asset financial institution Arca has signed a merger letter of intent with cryptocurrency investment firm BlockTower. According to The Block, Arca and BlockTower Capital intend to merge, having signed a letter of intent for an all-stock transaction. While their respective business units will transition to a unified brand, BlockTower Venture Capital will remain independent. Jeff Dorman, co-founder and Chief Investment Officer of Arca, noted that new investment tools are expected to emerge after the merger. Data shows that BlockTower Capital has previously invested in well-known projects such as AptosLabs, DapperLabs, and Solana, while Arca's portfolio includes Mintify and Bitwave.

Phantom warns iOS users experiencing app resets to recover wallets using their mnemonic phrases. The Solana ecosystem wallet Phantom posted on X, stating: "A small number of iOS users are experiencing app resets, and these users can recover their wallets using their mnemonic phrases. A new iOS app update has been released to prevent this issue from affecting any other users." According to posts on social media earlier on Wednesday, some iOS users reported that after downloading the recent Phantom update, they were automatically logged out of their Phantom wallets and could not regain access. This issue seems to affect users who did not back up their mnemonic phrases.

Sotheby's auction house will accept cryptocurrency payments for the auction of Maurizio Cattelan's banana artwork. Sotheby's will start the auction of artist Maurizio Cattelan's artwork "banana & tape," which is taped to a wall, on November 21, accepting cryptocurrency payments, with an estimated value of 1 million to 1.50 million USD.

Elon Musk: The stable inflation rate of DOGE is not a bug but a feature. DOGE founder Shibetoshi Nakamoto (@BillyM2k) posted on X, stating: "If you want to eliminate Dogecoin's inflation, the code is at line 146 of the GitHub repository, returning 10000*COIN; you can change it there, propose a pull request, and persuade the community and miners to use the new version. Now stop bothering me." Musk commented on X: "I think Dogecoin's stable inflation rate is a feature, not a bug, which means the inflation rate will decrease at a certain rate." Shibetoshi Nakamoto replied: "I agree it works very well as a currency because of its stable and predictable inflation rate, decreasing proportionally, far lower than the dollar."

Grayscale discloses that its Bitcoin and Ethereum mini trusts have exceeded 1 billion USD in net inflows after three months of listing. Grayscale announced on X that the Grayscale Bitcoin Mini Trust (ticker BTC) and the Grayscale Ethereum Mini Trust (ticker ETH) have surpassed 1 billion USD in net inflows just three months after trading began.

Coinbase has listed dogwifhat (WIF) early this morning. Coinbase Assets tweeted that it has added dogwifhat (WIF) to its listing roadmap. Update: dogwifhat (WIF) is now live on Coinbase.com and the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, exchange, send, receive, or store these assets.

Upbit will list Pepe (PEPE) on the Korean won market. According to an official announcement, South Korean cryptocurrency exchange Upbit will list Pepe (PEPE) on the Korean won market, with trading starting today at 11:30 local time.

Coinbase will list PEPE later today and has added it to the listing roadmap. According to Coinbase's Chief Legal Officer Paul Grewal on X, Coinbase will list the Pepe (PEPE) token later today, and it has been added to the listing roadmap.

Robinhood's U.S. platform has relisted SOL, ADA, and XRP, and has added PEPE. According to Tree News, Robinhood's U.S. platform has relisted Solana (SOL), Cardano (ADA), and Ripple (XRP), and has added PEPE.

Polymarket is under investigation by the U.S. Department of Justice for allegedly allowing U.S. users to bet on the platform. According to Bloomberg, insiders revealed that Polymarket is under investigation by the U.S. Department of Justice for allegedly allowing U.S. users to place bets on its platform. The FBI has issued a search warrant for Polymarket CEO Shayne Coplan, seizing his phone and electronic devices. Under an agreement reached in 2022 with the Commodity Futures Trading Commission, Polymarket was required to block U.S. traders from trading on its platform. Polymarket stated in a statement that the company will "stand up for ourselves and our community," alleging that the FBI's search was politically motivated. The company said, "Polymarket is a fully transparent prediction market that helps people better understand the events that matter most to them, including elections."

Coinbase acquires the Utopia Labs team to accelerate its on-chain payment strategy. According to Coinbase's blog, Coinbase announced that the Utopia Labs team will be joining its Ethereum Layer 2 network, Base, to accelerate the development of on-chain payments for Coinbase Wallet.Utopia Labs, a stablecoin studio with extensive experience in on-chain payments, will assist Coinbase in realizing its vision for low-cost, fast global on-chain payments in the future. Data shows that the trading volume of stablecoins reached $8.50 trillion in Q2 2024, with more than 1.10 billion transactions.

BlackRock's BUIDL fund expands to Aptos, Arbitrum, Avalanche, OP, and Polygon chains.
According to an announcement by Securitize, BlackRock announced that its USD Institutional Digital Liquidity Fund (BUIDL) will launch new share classes across multiple blockchains, including Aptos, Arbitrum, Avalanche, Optimism's OP mainnet, and Polygon. The fund was initially launched on the Ethereum network in March 2024, with tokenization carried out by Securitize.

CurveDAO launches Savings module Savings crvUSD (scrvUSD).
According to an announcement from CurveDAO, the decentralized exchange Curve has launched a new savings module called Savings crvUSD (scrvUSD), which is a yield version of its stablecoin crvUSD, enabling users to earn "low-risk" compound interest by depositing crvUSD. This module was developed in collaboration between Curve and Yearn Finance, utilizing Yearn's V3 vault technology. ScrvUSD allows users to deposit crvUSD to earn a portion of the interest income, with funds securely held and no re-collateralization risk, while achieving automatic interest compounding. This design enhances the stability and appeal of crvUSD, aiming to further promote its ecosystem growth and expand into DeFi applications.

Cardano Foundation's total expenditure for 2023 is $23.70 million, with major holdings in ADA.
According to CoinDesk, the Cardano Foundation released its first "Financial Insight Report" for 2023, disclosing total expenditures of $23.70 million for the year. Of this, $19.22 million was spent on operations, education, and ecosystem promotion, while an additional $4.55 million was for central operational costs. CEO Frederik Gregaard stated that the report reflects the Foundation's commitment to transparency, showcasing resource allocation and its role in advancing Cardano's development. As of December 31, 2023, the total assets of the Cardano Foundation amounted to $478.24 million, with 82.5% in ADA, 10.1% in BTC, and the remainder in USD liquidity. Since the beginning of this year, Bitcoin has risen by 109%, while ADA has fallen by 9%. Additionally, after founder Charles Hoskinson announced he would assist the Trump administration in formulating cryptocurrency policies, the governance token of Cardano surged by 35% over the weekend.

0G Labs completes $40 million seed funding round, with participation from OKX Ventures and others.
According to The Block, crypto-AI startup 0G Labs announced it has secured $290 million in new funding, which includes $40 million in seed funding and a $250 million token purchase commitment. The project aims to build a decentralized AI operating system (dAIOS) to support the development of on-chain AI applications. Investors in 0G Labs include Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Bankless Ventures, Animoca Brands and its co-founder Yat Siu, Polygon and its co-founder Sandeep Nailwal, Stanford Blockchain Fund, Abstract VC, Alchemy, Blockdaemon, Foresight Ventures, among others. 0G Labs co-founder and CEO Michael Heinrich stated that this token commitment will be used for the ecological development of the 0G protocol, with tokens expected to be listed on exchanges next year. The current total funding has reached $325 million, and the new funds will support the expansion of the team to 80 members, promoting ecological projects such as developer incentives, hackathons, and community building.

BTC breaks $93,000, setting a new historical high.
According to OKX market data, BTC has just surpassed $93,000, currently quoted at $93,163.90 per coin, with a daily increase of 0.69%.

An early whale transferred 9,298 ETH to Kraken, worth $29.63 million.
According to on-chain analyst Yu Jin's monitoring, a whale that obtained 50,000 ETH through an ICO transferred 9,298 ETH ($29.63 million) to Kraken six hours ago. This whale currently holds 10,102 ETH ($32.16 million).

An early whale transferred 5,707.9 ETH to Kraken 50 minutes ago, still holding about 21,000 ETH.
According to on-chain analyst Yu Jin's monitoring, an address that obtained 200,000 ETH in the Ethereum genesis block in 2015 and received 42,600 ETH from a related address of the Ethereum Foundation in 2016 transferred 5,707.9 ETH (approximately $1.80 million) to Kraken 50 minutes ago. After obtaining these 242,600 ETH, the address has continuously transferred ETH to Kraken in batches, totaling 221,000 ETH over 8 years, with a total cash-out amount of $265.80 million, at an average selling price of about $1,200. The address still holds approximately 21,000 ETH, worth about $6.66 million.

A Bitcoin address dormant for 7 years transferred 2,720 BTC, worth approximately $245 million.
According to iChainfo monitoring, a Bitcoin address that had been dormant for seven years (1Law...9YMQ) transferred 2,720 BTC five hours ago, with a total value of approximately $245 million.$451.40 billion. This is approximately 20 times higher than its value seven years ago.
A certain whale increased their position by 7,389.5 ETH nine hours ago, accumulating a total of 18,000 ETH over the past three days.
According to monitoring by Lookonchain, a certain whale address added 7,389.5 ETH (approximately $23.44 million) nine hours ago, and this address has accumulated a total of 18,049 ETH (approximately $59.30 million) over the past three days.
The squirrel-themed meme coin PNUT has seen a 24-hour price increase of 447.9%, with a market cap surpassing $2 billion.
Data from Coingecko shows that the meme coin PNUT, inspired by squirrels, is currently priced at $2.29, with a 24-hour increase of 447.9%, and its market cap has risen to $2.28 billion. This morning, Elon Musk commented on a news piece about "Costco being asked to recall 80,000 pounds of butter," again using the "peanut" emoji.
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