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Cryptocurrency exchange Coinbase has discovered “over 20 examples” of the United States regulator advising US banks to steer clear of crypto-related banking services, according to its chief legal officer.
https://cointelegraph.com/news/coinbase-crypto-exchange-fdic-legal-united-states-banks
Following a controversy that erupted in May 2024, Ethereum Foundation researcher Justin Drake announced his resignation from the Eigen Foundation — the entity responsible for overseeing the development of the Eigenlayer restaking protocol — in a November 2 social media post.
https://cointelegraph.com/news/i-dropped-eigen-layer-advisorship-ethereum-foundation-justin-drake
Non-fungible tokens (NFTs) broke their seven-month downward trend in October as digital collectibles recorded an 18% increase in volume.
https://cointelegraph.com/news/nft-volume-increase-october-2024
Bitcoin recently hit an all-time high of over 100,000 Canadian dollars. Dean Skurka, President and CEO of WonderFi — a digital financial services company — believes interest rate cuts in Canada and the United States, as well as the upcoming 2024 US Presidential election, will continue to drive the price of Bitcoin higher between the next 6-24 months.
https://cointelegraph.com/news/macro-factors-canada-us-good-bitcoin-price-wonder-fi-ceo
One year after bringing historic indictments against former President Donald Trump, the prosecutors left in special counsel Jack Smith’s office are gaming out legal options and bracing for retribution if Trump returns to the White House.
Solana layer-2 blockchain Sonic has surpassed a significant staking milestone, announcing a new partnership to promote the growing restaking industry on the Solana network.
https://cointelegraph.com/news/sonic-svm-tops-50m-solana-staking-new-partnerships
Superscrypt, a blockchain and Web3-focused venture capital firm backed by Singapore’s state-owned investment firm Temasek, is reportedly seeking a $100 million capital raise to establish a new investment fund.
https://cointelegraph.com/news/temasek-backed-venture-capital-firm-new-investment-fund
XYO, a decentralized physical infrastructure network (DePIN), has bridged from Ethereum to Solana, citing the layer-1 blockchain network’s “high throughput, low transaction costs, and scalability,” XYO said in an Oct. 31 blog post.
As the 2024 US elections draw closer, digital assets have become a political issue for the first time, as industry executives and advocates apply pressure on candidates to pass pro-industry policies and embrace the future of money.
https://cointelegraph.com/news/crypto-voters-guide-key-congressional-legislation-2024-election
On the day President Joe Biden announced he would not seek reelection, he convened his senior team at the White House, asking for a plan to “run through the tape” in his final six months in office, implementing key laws and cementing foreign policy, chief of staff Jeff Zients told political appointees on a call this summer.
https://edition.cnn.com/2024/11/01/politics/biden-legacy-trump-election/index.html
With less than a week until Election Day in the United States and many people voting early, Republican presidential candidate Donald Trump took to his social media platform to remind voters of his campaign promises on crypto.
https://cointelegraph.com/news/donald-trump-crypto-voters-appeal-truth-social
MicroStrategy’s ambitious goal of buying $42 billion worth of Bitcoin by 2027 could be a winner for shareholders, according to an Oct. 31 analyst report shared with Cointelegraph.
https://cointelegraph.com/news/microstrategy-bitcoin-bet-bullish-shareholders-analyst
Stablecoin issuer Tether has delivered another quarter of record-breaking earnings, posting $2.5 billion in profits in the third quarter of 2024.
https://cointelegraph.com/news/tether-record-q3-profits-earnings-rise-2024
On Oct. 31, Binance revealed a partnership with Amazon Web Services (AWS) to leverage Amazon’s generative artificial intelligence to streamline the Know Your Customer (KYC) verification process and handle service requests on the Binance platform.
https://cointelegraph.com/news/binance-partners-amazon-web-services-enhance-user-experience
Scheduled to be sentenced on the afternoon of Oct. 30, former FTX engineering director Nishad Singh has submitted an 11th-hour letter from the company’s current CEO, who said he would provide “further assistance and cooperation” in the firm’s bankruptcy case.
https://cointelegraph.com/news/ftx-john-ray-nishad-singh-free-bankruptcy
With United States Election Day less than a week away and many voters already going to the polls, social media is rife with misinformation about candidates’ policies. MicroStrategy executive chair Michael Saylor seems to have fallen for a social media post containing misinformation about Donald Trump’s position on taxing crypto.
https://cointelegraph.com/news/microstrategy-michael-saylor-misinformation-donald-trump-crypto-taxes
Cryptocurrency exchange Kraken has declared “a new day,” with the appointment of new co-CEO Arjun Sethi and a managerial shakeup. There is also an unconfirmed report that 15% of the staff has been laid off. 
https://cointelegraph.com/news/kraken-new-co-ceo-appointment-layoffs-reported
Stablecoins seem to be increasing demand for short-term United States government bonds known as Treasury bills, according to US Department of the Treasury meeting minutes published Oct. 30.https://cointelegraph.com/news/stablecoins-boosting-demand-us-treasury-bills
Despite crypto prediction markets platform Polymarket being on the “center stage” as the United States presidential election approaches, its founder claims that it has no intention of being recognized as a political website.
