According to the latest announcement from the Norwegian Tax Authority, over 73,000 people declared cryptocurrency holdings in 2024, totaling over $4 billion, representing a year-on-year increase of approximately 30%. Nina Schanke Funnemark, Tax Director of the Norwegian Tax Authority, stated that several measures implemented in recent years have been effective, with more people declaring their crypto assets as required to ensure tax accuracy. Data shows that approximately $550 million of the declared assets were gains, while $290 million were losses. Norway plans to require exchanges and custodians to report their crypto holdings through third parties starting in 2026.

According to Whale Alert monitoring, around 06:13 Beijing time today, 1,622,960 LINK (worth approximately US$28,883,445) was transferred from an unknown wallet to Coinbase.

Coinbase has expanded its partnership with institutional staking provider Figment, allowing Coinbase Prime customers to stake multiple PoS assets, including Solana, Avalanche, Sui, and Aptos, directly through Coinbase Custody. Previously limited to Ethereum, this partnership has facilitated over $2 billion in staking since its inception in 2023. Coinbase Prime offers trading, financing, and custody services for institutional investors across over 440 digital assets. Figment manages $18 billion in staked assets across over 40 protocols. This move comes amid the launch of several staking ETFs in the US, such as the Bitwise Solana Staking ETF (BSOL), and is expected to further expand institutional staking activity following the SEC's determination that some liquid staking does not constitute securities transactions.

Several crypto-related Super PACs (PACs) in the United States are preparing for the 2026 midterm elections and have raised approximately $263 million. This is nearly double the amount raised by Fairshake, the largest committee in 2024, and slightly more than the entire oil and gas industry's spending during the same period. The data also shows that the industry continues to expand its influence by promoting legislation and appointing friendly regulators.

According to CME's "Fed Watch," there's a 99.5% probability that the Fed will cut interest rates by 25 basis points in October, and a 0.5% probability that they'll keep rates unchanged. The probability of a cumulative 50 basis point rate cut by December is 91.6%.

The first ETFs tracking the spot prices of Litecoin and Hedera—Canary Litecoin (LTCC) and Canary HBAR (HBR)—along with the first Solana-staking ETF—Bitwise Solana Staking (BSOL), launched on October 28. The three ETFs saw a combined trading volume of $65 million on their first day, with BSOL accounting for the majority at $56 million, reaching $10 million in the first hour alone. BSOL set a record for the highest first-day trading volume for an ETF this year. As of October 20, there were 155 applications for crypto ETFs/ETPs in the US, covering 35 digital assets, primarily SOL and BTC.

Ethereum's next hard fork, Fusaka, was successfully activated on the Hoodi testnet on Tuesday, the final step following the Holesky and Sepolia testnets earlier this month. Fusaka is planned to undergo at least 30 days of testing before its mainnet launch, with core developers tentatively targeting December 3rd. The upgrade will improve Ethereum's scalability, efficiency, and security, including increasing block gas limits, expanding "blob" capacity, and introducing new node security features. The upgrade includes several Ethereum Improvement Proposals (EIPs), including EIP-7594, which introduces PeerDAS technology, enabling validators to spot-check data fragments rather than full blobs, thereby improving Layer 2 data availability. The Ethereum Foundation also launched a four-week security audit competition with a $2 million prize pool. The Fusaka hard fork comes approximately six months after Ethereum's last major upgrade, Pectra, and developers are already planning for the next upgrade, Glamsterdam.

WisdomTree has announced a partnership with Bank of New York Mellon (BNY) to provide on-chain and off-chain access for retail investor funds in its digital asset investment app, WisdomTree Prime. The app already supports Bitcoin, Ethereum, tokenized gold, and the WisdomTree digital fund, and has launched its own stablecoin, USDW, for paying fund dividends. In addition to USDW, the app also supports the stablecoins USDC and PYUSD. BNY also serves as the custodian and banking partner for USDW reserves, facilitating the integration of digital assets with traditional finance.

According to Whale Alert monitoring, around 03:04 Beijing time today, 2,029,841 LINK (worth approximately US$37,316,180) was transferred from an unknown wallet to Coinbase.

OpenAI CEO Sam Altman: Given the company's future capital needs, an IPO is the most likely path.

Federal Reserve officials will face a sudden and urgent decision this week, unrelated to interest rate cuts: whether to stop shrinking the central bank’s $6.6 trillion asset portfolio within days or wait until the end of the year to make a decision.

Due to legal loopholes, some cryptocurrency ETFs were able to launch successfully even during the partial shutdown of the SEC.

Recommended reading tonight: 1. What new moves has the Trump family made lately?; 2. A new chapter for Solana – building the cornerstone of the internet capital market; 3. Why was the 402 status code, reserved for 30 years, only activated in x402?

A16Z, a16z: YouTube's history is the future of the internet. Golden Finance: Apps are becoming the new content.

Stablecoins: A New Blue Ocean Worth $300 Billion: Three Main Themes in the Stablecoin Ecosystem. Golden Finance reports that the stablecoin sub-sector is moving from concept to reality, and from speculation to application.

Zhao Changpeng immediately denied the wealth rankings on the Hurun Rich List, saying, "Nonsense, dividing by 100 is about right."

Is it really necessary to have a stop button in a market that never stops?

OpenAI has redrawn its corporate blueprint — one which Microsoft holds a commanding 27% stake in the entity. The restructuring into a public benefit corporation not only cements the tech giant’s influence but reshapes the power balance driving the global AI race.

U.S. Representative Ro Khanna (D-Calif.) is moving to introduce landmark legislation that could make it illegal for members of Congress to own, trade, or launch cryptocurrencies — a first-of-its-kind move that may reshape the relationship between Washington and the digital asset industry.

When prices become the language of truth, news no longer needs authority to persuade the world.