According to BitMart's market report on November 7th, the US government shutdown has resulted in a lack of key economic and employment data, leading to market uncertainty regarding fundamentals. The expectation of a December rate cut remains high at around 70%, while the SOFR rate surged to 4.22%, highlighting the tightness of dollar liquidity. US stocks are increasingly vulnerable given their high valuations and disappointing earnings reports from some consumer and retail sectors. In the crypto market, both BTC and ETH spot ETFs continued to experience net outflows. BTC's weekly correction continues, currently attempting to stabilize around 98,000. The daily chart shows a rebound from a key support level, but the strength remains to be seen. A break below 98,000 would signify a weakening of the bull market's last line of defense, necessitating a shift to a defensive strategy. ETH failed to hold above 3900 and has continued to decline, showing significantly weaker performance than BTC. Coupled with the overall weakness of altcoins and a decline in risk appetite, the market is currently in a high-volatility, defense-oriented phase.

According to PANews, the European Union Commission is contemplating a suspension of certain aspects of its landmark artificial intelligence legislation due to significant pressure from major tech companies and the U.S. government. The EU plans to relax some digital rules in a decision known as the 'Simplification Scheme' scheduled for November 19. The AI legislation, considered the world's strictest regulatory framework for AI development, has faced intense scrutiny from the U.S. government, large tech firms, and European groups. A senior EU official noted ongoing discussions with U.S. President Donald Trump's administration regarding adjustments to the AI law and other digital regulations. Draft documents reveal that the EU is considering offering a one-year grace period for companies that violate high-risk AI usage rules. Additionally, the implementation of fines for breaches of new AI transparency rules may be postponed until August 2027.

1. SharpLink's linked wallet transferred 4,363 ETH to OKX, worth approximately $14.47 million; 2. Yield stablecoins experienced their largest single-week outflow since the Luna collapse, totaling $1 billion; 3. Siblings increased its holdings by 1,601 ETH, having purchased over $163 million worth of ETH since October 11th, with a paper loss of $9.48 million; 4. A 5x leveraged ZEC whale increased its position to 40,000 ETH, with a paper profit exceeding $5.38 million; 5. DeAgentAI (AIA) broke through $10, with FDV approaching $9.8 billion, a new all-time high; 6. Elixir: deUSD has no value, do not buy or invest, USDC claim link is now online; 7. A whale deposited $14 million into Hyperliquid and purchased $1.47 million worth of HYPE spot.

Despite ample global liquidity and continued loose monetary policies by central banks, inflows into stablecoins, ETFs, and DAT have slowed, suggesting that cryptocurrencies are entering a phase of self-financing.

ECB official Boris Vujcic said policy is working and rates are unlikely to be cut soon. source: https://www.cryptopolitan.com/ecbs-vujcic-says-policy-is-on-track/

Regarding the various issues arising during the second phase of the Stable deposit campaign, partner Hourglass officially stated on the X platform: "The revised information for the second phase of the pre-deposit campaign is as follows—Due to the massive volume of traffic to the Stable pre-deposit vault, we are making the following changes to ensure fair participation and sufficient time for all users. Deposits: • Users can deposit through the Hourglass front end or directly on-chain (for security reasons, the front end is recommended). • Deposits will be open for another 24 hours starting from this tweet, with a maximum of $1 million per wallet; the minimum remains $1,000. • Funds can be withdrawn 1:1 at any time before the KYC phase is completed. Non-KYC users can withdraw at any time. • If you have successfully deposited previously, your deposit is still included and will be considered eligible. Eligibility and KYC: • After the deposit window closes, users have 72 hours to submit KYC. • After KYC verification, all eligible deposits will be transferred to the custodian and then deposited into the corresponding storage partner platform." Eligible deposits will be distributed pro rata to our partner platforms, and all remaining amounts can be claimed through the withdrawal contract. Distribution Model: • If the total amount of eligible deposits exceeds $500 million, the distribution will be pro rata. • Example: If the total amount of eligible deposits is $1 billion, each wallet will receive 0.5 times its deposit amount; the remainder can be claimed through the withdrawal contract. Settlement: • The final distribution (in USDT) will be settled to the Stable mainnet no later than December 31st. Contract Recovery: • Depositors who mistakenly set their contract address as a share owner will be able to recover their USDC funds after the erroneous deposit funds were transferred to Anchorage custody via the Transfer To Treasury function. Deposit Limit Reminder: If a user's wallet previously deposited more than $1 million, please withdraw the excess to ensure the total deposit amount does not exceed $1 million, thus maintaining eligibility for the revised participation limit. Users can withdraw funds at any time through the contract. Finally, Hourglass officially noted that they have received many inquiries regarding KYC. The issue is that link generation has been temporarily paused while a new set of links is being generated. This will be ready within the next 24 hours. Once the new KYC links are live, users will have 72 hours to complete the process.

South Korea’s crypto sector is under heightened scrutiny after transfers to Cambodia jumped 1,400-fold last year, exposing fresh anti-money laundering (AML) challenges for financial regulators. The country’s largest crypto exchanges, Bithumb and Upbit, handled the highest volume of suspicious transfers. Bithumb facilitated about 12. 4 billion won ($9 million) in transactions, while Upbit processed 366 million […] source: https://www.cryptopolitan.com/south-koreas-crypto-crime-exposes-aml-gaps/

ASIC said the regulator will review and relaunch its Innovation Hub to explore new ways ASIC can support financial market innovation. source: https://www.theblock.co/post/377981/australia-tokenization-asic?utm_source=rss&utm_medium=rss

Trading platform reports record quarter with prediction markets and Bitstamp contributing $100 million in annualized revenue as company debates Bitcoin treasury strategy source: https://www.blockhead.co/2025/11/07/robinhood-revenue-doubles-to-1-27b-as-crypto-trading-surges-300/

Elixir said it will sunset its deUSD stablecoin after $75 million worth of the token became entangled in Stream Finance’s $93 million loss. source: https://cointelegraph.com/news/elixir-sunsets-stablecoin-amid-stream-finance-saga?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Block Inc. (NYSE:SQ) CEO Jack Dorsey said Thursday that the company has high expectations for the upcoming launch of Bitcoin (CRYPTO: BTC) payments on its Square point-of-sale system. source: https://www.benzinga.com/crypto/cryptocurrency/25/11/48710817/block-ceo-jack-dorsey-says-company-has-a-lot-of-hope-from-upcoming-square-bitcoin-payment-rollout-but-notes-this-challenge?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site

The powerful combination of the x402 payment protocol and no-code applications will truly change Crypto. When application costs approach zero, operating costs are fixed and controllable, and payment friction disappears, a massive number of "long-tail super-individual businesses" will inevitably emerge in the market.

South Korean regulators fined Upbit operator Dunamu ₩35.2 billion for failing to follow anti-money laundering and customer verification laws. Officials said the company recorded over eight million identification breaches, making it one of the country’s biggest penalties against a crypto firm.

YouTube’s new gambling policy sent ripples through the crypto gaming scene this week, as creators feared their videos on NFTs and blockchain games could be banned under the updated rules. But the platform has clarified that crypto-related content will remain unaffected — easing fears across the industry.

Whales still influence prices, but nowadays ETF flows, exchange liquidity, and macroeconomic changes determine Bitcoin's trajectory.

Tesla's shareholder meeting not only determined Musk's compensation, but also defined Tesla's direction for the next decade. This wasn't a vote about money, but a vote about faith and the future.

In a future where finance is rapidly migrating to the blockchain, tokenized gold has become one of the most elegant bridges connecting the old and new worlds.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 2870, providing you with the latest and fastest news on the digital currency and blockchain industry.

Predicting and analyzing entrepreneurial opportunities in the market: a dual path of "market building" and "selling tools".

This article re-analyzes Polymarket's operating model and the legal risks involved in its promotion.