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

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 source: https://www.binance.com/en/square/post/32173781649802?utm_source=BinanceNewsRSS

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 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 source: https://www.binance.com/en/square/post/32178604935106?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.

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.