The Canadian federal government has announced the formal elimination of the carbon tax on fuels, a move that has sent shockwaves through energy-intensive industries such as energy, manufacturing, and cryptocurrency mining.

Japan's Financial Services Agency (FSA) is considering a new system requiring third-party institutions providing asset custody or transaction management services to cryptocurrency exchanges to register with the regulator before providing services. The proposal was discussed on November 7th at a working group meeting of the Financial System Deliberation Committee, an advisory body to the Prime Minister. Current regulations only require cryptocurrency exchanges to strictly manage user assets, such as using cold wallets, but do not impose corresponding requirements on outsourced service providers. The FSA plans to regulate such institutions through a registration system and require exchanges to use only registered custody or management systems to prevent theft of funds or system failures due to security vulnerabilities. The report points out that the 2024 DMM Bitcoin theft (loss of approximately 48.2 billion yen, equivalent to $312 million) originated from the outsourced trading system provider Ginco. Most members of the working group support the new regulation, believing it will improve the transparency of cryptocurrency regulation. The FSA expects to complete a policy report as soon as possible and plans to submit an amendment to the Financial Instruments and Exchange Act at the regular Diet session in 2026. In addition, the agency is actively promoting local stablecoin projects, recently approving the first yen-pegged stablecoin, JPYC, and supporting stablecoin pilot programs involving Mizuho Bank, Bank of Mitsubishi UFJ, and Sumitomo Mitsui Banking Corporation. (The Block)

Video and cloud service platform Rumble released its Q3 2025 financial results. Data shows that the company's revenue for the quarter was $24.76 million, a slight decrease of approximately 1% compared to the same period last year ($25.06 million); net loss was $16.3 million, nearly half less than the $31.5 million in the same period last year. Adjusted EBITDA loss was $15.1 million, an improvement of $8.4 million year-over-year. Rumble's monthly active users (MAU) in Q3 were 47 million, a decrease from 51 million in Q2, primarily due to a decline in the popularity of news content outside the US election cycle and reduced content creation by creators during the summer. ARPU was $0.45, a 7% increase sequentially, reflecting improved monetization per user. As of September 30, the company had total liquidity of approximately $294 million, including $270 million in cash and cash equivalents, and held approximately 210.82 bitcoins, worth about $24 million at the time. Recently, Rumble entered into several strategic partnerships with Cumulus Media and Perplexity, and its platform services were restored following a court ruling in France. (globenewswire)

Binance Alpha has announced that it will be the platform to feature Janction (JCT), with Alpha trading set to open on November 10, 2025, at 10:00 UTC. The launch includes a limited airdrop campaign available exclusively to eligible Alpha users.Key PointsJCT Alpha trading starts: November 10, 2025, at 10:00 UTCAirdrop eligibility: Users with ≥235 Binance Alpha PointsAirdrop reward: 16,000 JCT per successful claimAirdrop mechanism: First-come, first-servedPoint cost: Claiming consumes 15 Alpha PointsDynamic threshold: If rewards remain, the points requirement drops by 5 every 5 minutesClaim confirmation: Must be completed within 24 hours, or the reward is forfeitedAirdrop DetailsBinance Alpha users who have accumulated at least 235 Alpha Points can participate in the Janction (JCT) airdrop, which operates on a first-come, first-served basis. Each eligible participant can claim 16,000 JCT tokens, with 15 Alpha Points deducted upon successful claim.To enhance fairness, Binance Alpha introduced a dynamic threshold mechanism:If the total airdrop pool is not fully claimed, the required score will automatically decrease by 5 points every 5 minutes, allowing more users to access the reward.After initiating the claim, users must confirm their eligibility on the Alpha Events page within 24 hours. Failure to confirm will result in an automatic forfeiture of the airdrop.

Prashant Newnaha, Senior Interest Rate Strategist for Asia Pacific at TD Securities, stated that they expect the next step to be a vote in the US House of Representatives on Wednesday (regarding the temporary funding bill), with the US government potentially reopening this Friday. The US shutdown has undoubtedly had a negative impact on the economy, but the market is likely to anticipate a rapid rebound after the shutdown ends. Aside from short-term positive sentiment, the direct market impact of the shutdown ending should become limited after the beginning of next week. (Jinshi)

Amidst an already volatile cryptocurrency market, yet another stablecoin has encountered a crisis of confidence.

Chen Zhi, founder of the Cambodian telecom fraud syndicate "Prince Group," currently under investigation by police in multiple countries, was allegedly double-crossed by David Wong, head of a Singaporean family office. Documents show that David Wong was dismissed in July 2021, and Chen Zhi subsequently filed multiple lawsuits between 2021 and 2022 against him for embezzling S$5.84 million (approximately RMB 31.91 million) from bank accounts, resulting in over 80 related legal documents. Reports indicate that Chen Zhi and David Wong collaborated since 2017, establishing the family office "DW Capital Holdings" in Singapore. During this period, they rapidly expanded through the purchase of luxury properties and business investments, obtaining Singapore's tax-free status. In 2021, when Chen Zhi restructured the office, he discovered that David Wong had repeatedly failed to submit financial documents, and there were unusual account transfers, with some recipients having names similar to his personal company. Chen Zhi subsequently removed him from management and found the office emptied. In late 2022, the Singapore High Court issued a default judgment ordering David Wong and his affiliates to pay over S$12 million in debts; he has since filed for bankruptcy. Chen Zhi and his financial assistant Chen Xiuling have been placed on the US sanctions list, and Singapore authorities have seized Prince Group's assets in Singapore and terminated related family office tax benefits. (Red Star News)

The dispute started when the Dutch government seized control of Nexperia on September 30, citing national security concerns. source: https://www.cryptopolitan.com/wingtech-surges-6-on-nexperia-dispute/

Key Insights: The Ethereum price was holding steady near $3,630 even as big investors sold. Since November 8, whales have reduced their holdings from 101. 47 million to 101. 43 million ETH, worth about $300 million source: https://www.thecoinrepublic.com/2025/11/10/whales-dump-300m-delaying-ethereum-price-break-above-4000/

According to BlockBeats, U.S. President Donald Trump announced plans to distribute a $2,000 tariff dividend to each American citizen, excluding high-income individuals. This proposal has sparked discussions about its potential impact on the economy.Anthony Pompliano, author of The Pomp Letter, commented on the announcement, suggesting that if implemented, this move could be seen as one of the most misguided mainstream ideas of the generation. He noted that the $2,000 dividend could inject significant liquidity into the market.Earlier, President Trump defended his tariff policies, stating that opponents are misguided. He highlighted the U.S.'s current economic strength, citing near-zero inflation, record-high stock markets, and unprecedented 401k retirement account balances. Trump also mentioned the country's substantial annual revenue and the potential to begin repaying the national debt, which stands at $37 trillion. He emphasized the surge in investments and the rapid emergence of factories and businesses across the nation.

According to PANews, Liquid Capital founder Yi Lihua expressed on the X platform that Ethereum's price could reach $7,000, emphasizing the significance of the U.S. midterm elections. He noted that financial stimulus during elections could be a major driver, similar to the 2020 bull market fueled by widespread monetary distribution. Recent research data suggests positive market expectations, with bearish sentiment already maximized, setting the stage for a new bull market. Yi advised patience and caution with contracts, as spot market volatility is substantial. Reflecting on the Ethereum market since April, he quoted Warren Buffett, highlighting the human tendency to seek quick wealth and the need to overcome such instincts.

According to PANews, Liquid Capital founder Yi Lihua expressed on the X platform that Ethereum's price could reach $7,000, emphasizing the significance of the U. S. midterm elections. He noted that financial stimulus during elections could be a major driver, similar to the 2020 bull market fueled by widespread monetary distribution source: https://www.binance.com/en/square/post/32160263647401?utm_source=BinanceNewsRSS

Pakistan is actively exploring the launch of a rupee-backed stablecoin and a central bank digital currency (CBDC), as policymakers and industry leaders warn that delays in regulating digital assets could cost the nation up to $25 billion in missed economic opportunities.

Ledger is seeing record demand for its hardware wallets as crypto theft rises and is planning a potential New York listing to raise more capital. The company reported strong revenues, securing around $100 billion in Bitcoin for customers, and is expanding in the U.S. to attract institutional investors.

Seven American families have filed a lawsuit against the company, accusing it of contributing to the deaths of their loved ones. The case raises chilling questions at the heart of modern innovation — what happens when machines built to mimic empathy fail to understand real human pain?

With regulated futures surging across various cryptocurrencies, "going long DAT and shorting futures" trading could become an ideal way for Wall Street to profit from crypto gains.

A number of competitors have emerged in niche markets such as Launchpad, Facilitator, and Provider.

During a roundtable discussion at the Finternet 2025 Asia Digital Finance Summit, guests discussed the market performance of innovative financial instruments such as Bitcoin, stablecoins, and DAT, and analyzed whether the current market is at a critical juncture of transition from a bull market to a bear market.

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.

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.