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)

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, multiple sources have revealed that several U.S. Senate Democrats announced on Sunday their readiness to advance a legislative package aimed at ending the government shutdown. This development marks the most significant progress in bipartisan negotiations in over a month.Sources indicate that at least 10 Democratic senators are expected to support a procedural motion to move forward with a plan that includes a comprehensive spending bill and a short-term funding measure to keep the federal government operational until the end of January next year. The agreement also involves a December vote on extending the Affordable Care Act (ACA) tax credits for an additional year and may include provisions to assist federal employees laid off due to the shutdown.Senators remained in Washington over the weekend for rare meetings, with a procedural vote on the government funding plan anticipated on Sunday.

According to PANews, Huma Finance, part of the PayFi network, has appointed Jessica Cao as the CEO for the Asia-Pacific region to spearhead regional expansion. Jessica brings 17 years of executive experience, having held senior leadership roles at Ant International, BNP Paribas, Citibank, and Standard Chartered. Chainalysis reports that the Asia-Pacific region is emerging as a leading market for stablecoin adoption, with businesses seeking blockchain-based solutions to address cross-border payment challenges. This appointment signals an accelerated integration of traditional finance with crypto payment infrastructure, particularly as regulatory frameworks in the region become increasingly clear.

According to the announcement from Binance, the platform is introducing a new Word of the Day (WOTD) game alongside a Futures promotion. The theme for this week's WOTD is 'Smart Signal,' encouraging users to enhance their crypto vocabulary and stay informed about market trends. The activity period is set from 2025-11-10 00:00 (UTC) to 2025-11-16 23:59 (UTC). Participants can engage in up to two WOTD games daily, testing their knowledge on the specified topic. Users who correctly answer three questions during the activity period will share 400,000 HOME token vouchers, with a maximum reward of 80 HOME per winner. To unlock the second WOTD game, users must click the 'Get A New WOTD' button after completing the first game. Sharing one of the selected articles on social media and ensuring the shared link is clicked by a third party will enable access to the second game. Additionally, new users registering with the 'WOTD2025' referral code during the activity period will receive a 10% discount on Spot trading fees. Further welcome rewards can be earned by completing tasks at the Rewards Hub within 14 days of registration. Promotion B targets users who have completed account verification but have not previously engaged in Futures trading. The first 4,000 participants who answer at least one WOTD question correctly and trade a minimum of $100 on any Futures pairs will receive 400 HOME token vouchers. Token rewards will be distributed within two weeks after the activity concludes. Binance reserves the right to modify or cancel the promotion without prior notice and will use 0.0231 as the HOME/USD exchange rate for reward distribution. Participants must adhere to Binance's terms and conditions, including the platform's privacy policy and prize promotion rules.

According to BlockBeats, U.S. stock index futures experienced an upward trend, with Nasdaq futures increasing by 1% and S&P 500 futures rising by 0.6%. Meanwhile, European markets also showed positive movement, as Euro Stoxx 50 futures climbed 1.4% and Germany's DAX futures advanced by 1.3%.

According to PANews, U.S. Treasury Secretary Besent stated that President Donald Trump has proposed a potential tariff 'dividend' of at least $2,000 for Americans. This idea could be realized through tax reduction measures included in his signature economic policy bill passed earlier this year. Besent made these remarks during an appearance on ABC's This Week program when asked about a social media post by President Trump earlier on Sunday. In the post, Trump mocked those opposing tariffs and mentioned the possibility of distributing at least $2,000 to each person, excluding high-income individuals.

According to Foresight News, Elon Musk recently shared his views during an interview with Joe Rogan, highlighting the influence of DOGE on bureaucratic institutions. Musk stated that prior to DOGE, elected officials held relatively limited power compared to bureaucratic entities. He emphasized that the emergence of DOGE has posed a significant threat to these institutions.

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.

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.