Miami Mayor Suarez insists on using Bitcoin as a source of salary despite market fluctuations. He has actively supported Crypto Assets since the end of 2020 and plans to become the first legislator to receive his salary in Bitcoin. He is more focused on the potential of Crypto Assets as a store of value rather than short-term price fluctuations.

The chairman of the World Economic Forum, Klaus Schwab, stated that the global financial markets may face three potential bubbles: Crypto Assets, AI, and debt. He pointed out that debt levels have reached an all-time high, and while AI enhances productivity, it could threaten white-collar jobs, resulting in urban areas experiencing phenomena similar to the "Rust Belt."

According to news from Coin World, on November 6 (UTC+8), the Fed finalized modifications to the regulatory rating framework for large bank holding companies on Wednesday. The finalized framework is largely similar to the proposal released in July. The revisions included in the final framework more accurately reflect the strength of individual banks and better align the final framework with the regulatory rating systems used for other banking organizations. The framework consists of three components: capital, liquidity, governance, and controls. Each component has four potential ratings: widely meets expectations, conditionally meets expectations, deficiency-1, or deficiency-2. The final framework will now regard companies rated no lower than deficiency-1 as "well-managed." Consistent with the previous framework, any company with a deficiency rating of -2 in any component will continue to be considered poorly managed. Poorly managed companies face restrictions on certain activities and acquisitions.

The new token issuance platform Thrust based on Solana has officially launched and has reached a strategic partnership with globally renowned artist Iggy Azalea, aiming to redefine celebrity-themed coins through verified "cultural tokens." The platform plans to migrate Azalea's MOTHER Token by the end of 2025 and has signed a contract with creator N3on, with Megan Fox's themed coin expected to launch in November 2025. Thrust adopts a transparent pre-sale model, with 100% of funds going into the liquidity pool, effectively addressing past issues such as Pump and Dump. CEO Jake Antifaev emphasized the importance of audits and legal agreements to ensure accountability, and has collaborated with Croke Fairchild Duarte &

The High Court of England ruled on Tuesday in the intellectual property dispute case between Getty Images and Stability AI, with a mixed outcome. The case was filed in 2023. The ruling is generally favorable to Stability AI, but there remain some unresolved issues regarding the use of copyrighted materials by artificial intelligence. Getty Images is a company that charges for licensing its vast repository of copyrighted images, and it accused Stability AI's Stable Diffusion model of infringing its trademarks and copyrighted content. The court found that the AI model did, in certain cases, infringe Getty's trademark rights by replicating its watermark. However, Judge Joanna Smith noted that these findings were 'extremely limited.' Judge Smith ruled that Getty Imag

After falling to $105,833 during the day, the bullish Elliott Waves theory for Bitcoin has failed. On November 4, the Bitcoin price further dropped to $98,932, down 16% and 14% from key warning levels, respectively. Analysts currently classify the high point of $124,532 as the red W-iii wave and believe that the ongoing W-iv wave pullback target is between $86,581 and $101,149. Bearish warning levels are set at $106,319 (25% probability of trend reversal), $111,199 (50%), $116,395 (75%), and $124,532 (100%). Despite the price pullback, the long-term target remains between $164,361 and $216,440.

The issuer of the USDC stablecoin, Circle, has revised its policies to clarify the rules regarding prohibited transactions, particularly concerning the purchase of firearms and weapons. The updated terms empower Circle to monitor and potentially block transactions related to firearms, ammunition, explosives, and other weapons. However, the new terms explicitly state that these restrictions only apply to weapon transactions that violate applicable laws, meaning firearms obtained legally can be purchased using USDC. This update has sparked discussions between users and lawmakers, with some praising Circle's decision as a defense of Second Amendment rights. Wyoming Senator Cynthia Lummis expressed her agreement, stating that Circle aligns with existing legal requirements, supports constitutional rights, and prevents the financial system from being used against law-abiding gun owners. This move comes as U.S. President Trump signs the GEN.

The cryptocurrency market is experiencing intensified sluggishness, with Bitcoin briefly falling below $100,000, and the prices of altcoins such as SOL and XRP also dropping by about 15%. Amid the selling spree, Maxi Doge (MAXI) has garnered attention, raising over $3.9 million in its presale at a fixed price of $0.0002665 per Token. The project plans to launch on the decentralized exchange (DEX) and allocate 15% of the supply for liquidity while offering staking with an Annual Percentage Rate of 78% (APY), with plans for future integration with centralized exchanges (CEX). The project aims to introduce trading competitions and leverage incentives and has received audit support from SolidProof and Coinsult, confirming there are no major vulnerabilities. The Token economic model allocates 40% of funds for marketing and 25% for exchange partnership funds.

The continuous pullback of Bitcoin (BTC) has led to approximately 33% of its circulating supply being in a loss state, the lowest level since September 2024. Although this seems concerning, historical data shows that this situation typically indicates a depletion of selling pressure rather than a complete market collapse. Historically, this concentration of unrealized losses often marks key Nodes in a bull run cycle, usually occurring when liquidity pressure peaks and most sellers have taken action, allowing the market to undergo a structural reset. The loss activity of short-term holders is intensifying, with the seven-day short-term holders having spent an output profit ratio of (SOPR) currently at 0.9904. This indicator measures whether the Tokens transferred on-chain are sold for profit or loss, indicating that most Tokens are being sold at a loss, reflecting the increasing pressure on short-term traders. The Z-score of SOPR (used to assess the current reading against historical averages)...

On November 5, CoinWorld reported that the decentralized oracle network RedStone launched a dedicated data oracle, HyperStone, which supports Hyperliquid's HIP-3 framework and enables the creation of permissionless perpetual futures markets. This new infrastructure aims to provide developers building derivative markets with faster and more reliable price data sources. HyperStone will serve as the data backbone for HIP-3 markets, allowing developers to launch perpetual futures on almost any asset, from crypto assets to tokenized stocks and real-world data. RedStone stated that HyperStone has been operating on the testnet for over 60 days, providing more than 103 million data updates in ETH, BTC, and TSLA test markets. This launch is part of RedStone's larger-scale expansion within the Hyperliquid ecosystem.

Ripple raised $500 million in its latest financing round, led by Fortress Investment Group and Citadel Securities, with a valuation of $40 billion. The company is expanding its business into custody, stablecoins, and prime brokerage, with payment volume exceeding $95 billion and stablecoin market capitalization surpassing $1 billion.

Dr. Han, the founder of Gate, delivered a speech at the Hong Kong University of Science and Technology, sharing his experiences and thoughts in the encryption industry, and engaging in interactive discussions with students on technological innovation, financial technology, and opportunities for Web3 development, aimed at promoting communication and collaboration between academia and the industry.

The global NFT market capitalization has big dumped by 45% in 30 days, falling from $6.6 billion to $3.5 billion, despite a rise in sales in October. Bitcoin and Base NFT have pumped, while BNB Chain and Polygon have fallen sharply. OpenSea plans to expand its business, and Animoca Brands will go public.

The crypto assets market has lost over $1.2 trillion due to extreme leverage effects, but the number of users has increased to 560 million, with rising interest from institutional investors. Regulatory measures have enhanced transparency, despite $19 billion in liquidations within a single day. DeFi and asset tokenization remain robust, providing a foundation for market recovery.

Japanese encryption exchanges and financial companies are actively seeking profits, expecting that easing regulations will attract more retail investors. Despite the record size of crypto assets, holdings have declined. The industry is exploring strategies to attract new investors, hoping that regulatory changes will promote market development.

On Tuesday, the U.S. stock market fell sharply, with the Nasdaq down 2% and the Goldman Sachs retail stock index down 3.6%. Palantir's poor performance and Michael Burry's shorting triggered panic in the market, leading to retail investors dumping their stocks. The Crypto Assets market was also severely impacted, with Bitcoin dropping below $100,000 and over $1.3 billion liquidated. The market may continue to experience Fluctuation in the short term.

Nubila has established a strategic partnership with PolyMaster, Inc. of Polymarket to jointly develop a Weather Intelligence Layer based on real weather data, enhancing the weather data support for on-chain prediction markets and promoting ecosystem development and market education.