Spanish crypto influencer Álvaro Romillo has been arrested for allegedly running a €260 million Ponzi-style fraud through his company, Madeira Invest Club. He remains in custody after a court found he posed a flight risk following the discovery of a €29 million offshore account in Singapore.

According to BlockBeats, procedural voting on the 'End Government Shutdown Plan' is one vote short of approval. Texas Senator John Cornyn, a crucial voter, is currently traveling back to the Capitol in Washington, D.C. from out of town. Community sources indicate that Cornyn's delay in reaching the voting site is due to flight disruptions caused by the government shutdown.

According to SoSoValue data, the SOL spot ETF saw a net inflow of $137 million last week (November 3rd to November 7th, Eastern Time). The SOL spot ETF with the largest net inflow last week was the Bitwise Solana Spot ETF (BSOL), with a weekly net inflow of $127 million and a historical total net inflow of $324 million; followed by the Grayscale Solana Spot ETF (GSOL), with a weekly net inflow of $9.76 million and a historical total net inflow of $11.94 million. As of press time, the total net asset value of Bitcoin spot ETFs was $576 million, with an ETF net asset value ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 0.64%, and a historical cumulative net inflow of $336 million.

According to SoSoValue data, Ethereum spot ETFs saw a net outflow of $508 million last week (November 3rd to November 7th, Eastern Time). The Ethereum spot ETF with the largest net inflow last week was the Invesco ETF QETH, with a weekly net inflow of $2.59 million, bringing its historical total net inflow to $23.9 million; followed by the 21Shares ETF TETH, with a weekly net inflow of $519,000, bringing its historical total net inflow to $18.76 million. The Ethereum spot ETF with the largest net outflow last week was the BlackRock ETF ETHA, with a weekly net outflow of $297 million, bringing its historical total net inflow to $13.87 billion; followed by the Fidelity ETF FETH, with a weekly net outflow of $109 million, bringing its historical total net inflow to $2.58 billion. As of press time, the total net asset value of the Ethereum spot ETF is $22.66 billion, with an ETF net asset value ratio (market capitalization as a percentage of Ethereum's total market capitalization) of 5.42%, and a cumulative net inflow of $13.86 billion.

According to SoSoValue data, Bitcoin spot ETFs saw a net outflow of $1.22 billion last week (November 3rd to November 7th, Eastern Time). The Bitcoin spot ETF with the largest net inflow last week was the Grayscale Bitcoin Mini Trust ETF (BTC), with a weekly net inflow of $21.61 million, bringing its historical total net inflow to $1.97 billion. This was followed by the Bitwise ETF (BITB), with a weekly net inflow of $4.69 million, bringing its historical total net inflow to $2.32 billion. The Bitcoin spot ETF with the largest net outflow last week was BlackRock ETF IBIT, with a weekly net outflow of $581 million. IBIT's historical total net inflow has reached $64.32 billion. This was followed by Fidelity ETF FBTC, with a weekly net outflow of $438 million. FBTC's historical total net inflow has reached $12 billion. As of press time, the total net asset value of Bitcoin spot ETFs is $138.08 billion, with an ETF net asset value ratio (market capitalization as a percentage of Bitcoin's total market capitalization) of 6.67%. Historical cumulative net inflows have reached $59.97 billion.

Derivatives Monke posted on the X platform that they have processed approximately 35% of ETH withdrawal requests from ZKasino bridge users, involving about 2,500 addresses. Users can check their ETH balance on zkSync Lite or zkSync Era. Due to high Ethereum gas fees, withdrawals are processed through these networks. They plan to process another 40% of the requests next week, bringing the total to 75%. Large withdrawals will require KYC and other procedures.

Despite being the President of one of the world's most powerful countries in the world, Trump has found himself burnt by the Bitcoin volatility after the price of Bitcoin took a nosedive over the weekend.

Bitget is launching a Double 11 VIP exclusive event, open to users in Chinese-speaking regions. During the event, existing VIP users can enjoy 15 days of Bitget VIP 6 preferential rates simply by filling out a form, with Maker rates as low as 0.008% and Taker rates as low as 0.03%. Regular users and existing VIPs who register and upgrade to VIP+1 level through contract trading volume will receive a reward of 350 or 700 USDT in trial funds. The event runs from 11:00 AM on November 10th to 11:59 PM on November 16th (UTC+8). Additionally, from 12:00 AM on November 11th to 11:59 PM on November 12th (UTC+8), all official VIPs can enjoy flash sale privileges. After registration, users who achieve a contract trading volume of 1000 USDT will be guaranteed to receive 10-1111 USDT in contract trial funds. Detailed rules have been published on the Bitget official platform. Users can participate in the event by clicking the "Join Now" button to complete the registration.

Bybit announced on its X platform that it has now opened CC token deposits via Canton Network. At the same time, Bybit launched an event with a total prize pool of 18 million CC tokens.

US Congress, Trump, inflation, data, several related questions about the reopening of the US government. Golden Finance reports new developments in the US government shutdown early this morning, updating 4 related questions.

Trump Media’s first earnings report after starting its Bitcoin buys shows it scooped up $1. 3 billion, with the company saying it plans to buy more. source: https://cointelegraph.com/news/trump-media-q3-loss-bitcoin-holdings-crypto-expansion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

U. S. Senate nears crucial vote to end government shutdown, impacting markets and cryptocurrencies. source: https://coincu.com/news/senate-struggles-end-shutdown/

According to Cointelegraph, U.S. Federal Reserve Governor Stephen Miran, appointed by U.S. President Donald Trump, highlighted the potential impact of stablecoins on interest rates during the BCVC summit in New York. Miran suggested that the increasing demand for U.S. dollar-pegged crypto tokens could exert downward pressure on the neutral rate, or r-star, which neither stimulates nor impedes economic activity. A decrease in the neutral rate could prompt the central bank to lower its interest rates accordingly. The current market capitalization of stablecoins stands at $310.7 million, as reported by CoinGecko. Miran indicated that Federal Reserve research projects this market could expand to $3 trillion within the next five years. He emphasized that stablecoins are already boosting demand for U.S. Treasury bills and other dollar-denominated liquid assets, particularly from international purchasers, and this trend is expected to continue. Miran described stablecoins as a potential multitrillion-dollar factor for central bankers to consider. Concerns have been raised by organizations such as the International Monetary Fund, which warns that stablecoins could pose a threat to traditional financial assets and services by competing for customers. U.S. banking groups have also called on Congress to enhance oversight of stablecoins with yield, arguing that they might attract potential bank users away from traditional banking services. In his address, Miran commended the GENIUS Act for establishing clear guidelines and consumer protections, which he believes will be crucial for the broader adoption of stablecoins. Despite his usual skepticism towards new regulations, Miran expressed optimism about the GENIUS Act, noting that it provides a framework for legitimacy and accountability similar to that of traditional dollar assets. He highlighted that the Act mandates U.S.-based issuers to maintain reserves backed on at least a one-to-one basis in safe and liquid U.S. dollar-denominated assets, which is vital for monetary policy.

At a sensitive time when the U.S. tariff policy is facing a Supreme Court challenge on its legality, Trump announced plans to pay a $2,000 "dividend" to "every American" from tariff revenue, except for high-income earners.

The current situation facing the US authorities reveals the fragility of its system. Political gridlock should not, in any case, sacrifice the timeliness and transparency of economic data. Looking ahead, ending the government shutdown and resolving tariff uncertainty will be crucial.

Data-driven models reveal where the next Bitcoin bear market may bottom out—hint: the bottom may be higher than you think.

The story of stablecoins is evolving and could lead to two very different financial outcomes: the most enthusiastic users (emerging markets) could further undermine the economic infrastructure they are trying to protect their wealth, while further strengthening businesses in developed markets.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse 8 AM," issue 2873, providing you with the latest and fastest news on the digital currency and blockchain industry.

Trump, the United States, the President of the United States, Trump's power seems to be waning - what will happen next? Golden Finance, "Trump is no longer the only 'Trump-like' figure."

As the Ethereum ecosystem grows in size and complexity, the methods of support must also evolve accordingly. Therefore, EF began to consider how to strategically and proactively plan resource allocation while continuing to support public goods.