Investinglive analyst Justin Low stated that after Tuesday's sell-off, spot gold prices gradually recovered to the $3980-$3990 range, but current price momentum still seems insufficient to challenge the psychological level of $4000. From a macro perspective, key developments in the bond market this week warrant close attention. The 10-year US Treasury yield jumped to 4.16% yesterday, a one-month high. If the yield continues to climb towards 4.21%, it could further boost the US dollar, thus putting pressure on gold market sentiment. The bond market is clearly moving independently, and recent slightly better-than-expected US private sector economic data may influence the Fed's December decision. Currently, traders are pricing in a 61% probability of a 25 basis point rate cut in December, but this is by no means a certainty. Therefore, any adjustments in the market's pricing of rate cut expectations will have a crucial impact on gold in the coming weeks. Moreover, we are about to enter the traditional seasonal bullish cycle for precious metals, from December to January of the following year. (Golden Ten)

Coinbase has submitted feedback to the U.S. Treasury Department, urging it to strictly adhere to the original intent of Congress when formulating the implementing rules of the GENIUS Act, avoiding over-regulation, and particularly excluding non-financial software, blockchain validators, and open-source protocols. Coinbase's Chief Policy Officer pointed out that regulators should not treat third-party reward programs as "interest," so as not to violate the spirit of the Act. Coinbase also suggested treating payment-type stablecoins as cash equivalents for related tax and accounting issues. The GENIUS Act, signed into law in July 2025, establishes the U.S. federal regulatory framework for stablecoins. (The Block)

Stream xUSD is actually a "tokenized hedge fund" disguised as a DeFi stablecoin, claiming to employ a Delta-neutral strategy. The fund is now insolvent amid numerous questionable practices.

Goldman Sachs points out that during the oral arguments, several U.S. Supreme Court justices questioned Trump's exercise of power under the International Emergency Economic Powers Act, indicating that the Supreme Court is increasingly likely to rule the government's use of emergency powers to impose tariffs unconstitutional. The market now estimates the probability of the Supreme Court upholding the tariffs has decreased by about 10 percentage points. The final ruling is expected between December 2025 and January 2026. If the Supreme Court rejects the legality of the tariffs, the government may need several months to refund approximately $115 billion to $145 billion in tariffs already collected. However, the government is likely to seek other legal grounds to reimpose similar tariffs, meaning the overall trade impact will remain limited. Any tariff reductions are likely to apply only to smaller trading partners, with no significant changes expected for major economies such as the EU. However, tax refunds and temporary tariff gaps could trigger short-term market volatility. (Jinshi)

Circle has updated USDC terms, permitting legal firearm purchases, reversing previous policy that faced criticism from the gun industry and lawmakers. source: https://coincu.com/news/circle-usdc-firearm-policy-update/

Key Takeaways: WisdomTree expands its blockchain integration through Chainlink. Verified fund data to be published on Ethereum. source: https://coindoo.com/chainlink-enables-wisdomtree-to-bridge-traditional-and-defi-markets/

The 11th Circuit Court of Appeals has rejected Michael Prime’s lawsuit over the alleged loss of nearly 3,443 BTC, worth approximately $345 million as of today. source: https://www.cryptopolitan.com/appeals-court-dismisses-prisoner/

According to Cointelegraph, a U.S. appeals court has dismissed a lawsuit filed by Michael Prime, a man convicted of identity theft, who alleged that the FBI illegally wiped a hard drive containing over 3,400 Bitcoin. The Eleventh Circuit Court of Appeals ruled that Prime cannot sue the government for the loss of access to approximately 3,443 Bitcoin, currently valued at $345 million, as he had previously denied owning such a substantial amount of cryptocurrency. Prime, who was released from prison in July 2022, requested the return of the hard drive, but the FBI had already wiped it as part of its standard procedures. The court found Prime's delay in asserting ownership of the Bitcoin unreasonable, stating that even if the Bitcoin existed, granting Prime an equitable remedy would be unjust. The judges noted that Prime initially claimed to own only $1,500 in Bitcoin, contradicting his later assertions of being a Bitcoin tycoon. The court's opinion highlighted inconsistencies in Prime's claims, noting that before his plea deal in November 2019, he claimed ownership of approximately 3,500 Bitcoin. However, after the plea, Prime reported owning only $200 to $1,500 in Bitcoin in his financial disclosure to the government in February 2020. He later informed the probation office that these holdings were his only remaining asset. The court dismissed Prime's explanation that he was reporting the market value of a single Bitcoin at the time, which he claimed was between $200 and $1,500, as Bitcoin's value exceeded $10,000 during that period. The case underscores the importance of cryptographic keys, which are essential for accessing Bitcoin stored on physical devices like hard drives or wallets. Losing these keys results in the permanent loss of access to the funds. Data from Glassnode indicates that approximately 1.46 million BTC, or nearly 7% of Bitcoin's total supply, is likely lost forever. Chainalysis estimated in 2018 that the amount of permanently lost Bitcoin could be as high as 3.7 million BTC, representing over 17.5% of its total supply.

According to official sources, the latest subscription quota for Gate Quantitative Fund's popular strategy, "Hedge Smart Investment," has been completely sold out. This strategy, favored by high-net-worth individuals for its robust quantitative model and hedging mechanism, has now completed its full allocation. It is understood that the strategy will periodically increase capital or release new quotas; investors can continue to monitor subsequent openings. In addition, Gate Quantitative Fund also provides users with more flexible and stable return options. Besides the sold-out "Hedge Smart Investment," the platform currently offers several other strategies open for subscription, including "Smart Arbitrage," "Yield Vanguard," "Neutral Smart Investment," and "Hedge Arbitrage," with a one-year return range of approximately 7.14% to 13.38%.

Jan3 founder Samson Mow also argued that fears of Bitcoin OGs selling are overblown and traders should focus on the next bull run, rather than “self-owning themselves. ” source: https://cointelegraph.com/news/bitcoin-bull-run-hasnt-started-yet-samson-mow-2026-prediction?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Aria, the flagship IPRWA protocol within the Story ecosystem, announced that its native token, ARIAIP, will officially launch and open for airdrop applications on November 7, 2025, at 7:00 AM (UTC). The community airdrop snapshot time is November 5, 1:00 PM (UTC), and the application window will be open from November 7, 7:00 AM (UTC) to December 7, 7:00 AM (UTC). Eligible applicants include Aria Season 1 token holders and Story $IP community members and stakers. A certain amount of $IP must be held to pay gas fees to claim the airdrop. Previously, Binance Alpha announced that Aria (ARIAIP) would be listed on November 7, and eligible users could also use Alpha tokens to claim the airdrop.

BTC, leveraged trading, perpetual contracts, DeFi liquidation, exchanges, bankless: Why is the current crypto market sentiment so pessimistic? Jinse Finance, October flash crash, yield bubble, and a terrible atmosphere on the timeline.

Michael Saylor continues his unwavering focus on Bitcoin as his company, Strategy, has filed for an initial public offering (IPO) of shares denominated in euros. The move marks a significant shift in direction for the company, designed to raise funds specifically for purchasing more Bitcoin while expanding into new capital markets.

Canton represents a relatively pragmatic direction in the RWA field, but how far it can go depends on two factors: the speed of the evolution of regulatory policies and the determination of traditional financial giants to embrace on-chain technology.

Ripple has confirmed it has no plans to go public, choosing to stay private despite other crypto firms launching IPOs. The company raised $500 million at a $40 billion valuation to fund its global expansion and product development.

We start from insecurity, but ultimately find ourselves in structures of certainty.

Despite increased market volatility, Tiger Research maintains its $200,000 price target for Bitcoin and assesses the nature of the current correction and the sustainability of its long-term fundamentals.

This round of government shutdown may no longer be a political game in the United States, but is instead setting the stage for a financial crisis.

That forgotten status code could eventually allow money to flow at internet speed.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 2869, providing you with the latest and fastest news on the digital currency and blockchain industry.