Trump: Bitcoin and Cryptocurrencies Reduce Pressure on the US Dollar

The brokerage platform saw a record $80B in crypto trading volume; shares dipped in after hours action despite the earnings beat.

Jordan Peterson raised the question of whether Bitcoin will absorb all investment capital, and Michael Saylor responded by stating that Bitcoin is achieving this and that this is the reason for his involvement. （Bitcoin Archive）

[U.S. Stock Market's Three Major Indexes Closed Higher Across the Board, Google Hits All-Time High] The three major U.S. stock indexes closed higher overnight, with the Nasdaq Index up 0.65%, the Dow Jones Industrial Average up 0.48%, and the S&P 500 Index up 0.37%. In terms of individual stocks, Google's share price rose over 2%, hitting a record closing high; Tesla surged more than 4%, Intel climbed over 3%, and Meta rose more than 1%. Additionally, Apple, Netflix, and Amazon shares edged higher, while Microsoft and Nvidia each fell over 1%.

[U.S. Senate Rejects Trump's Proposal to End 'Filibuster'] On November 5 local time, U.S. President Trump proposed ending the Senate 'filibuster' to push for a government restart, but the Senate rejected the proposal. Senior Republican Senator McConnell explicitly stated that Republicans would not end the 'filibuster.' Trump called on Republicans to take immediate action that day and stated, 'The bill should start being passed tonight.'

As financial giants test cross-asset collateral, they say legal gaps — not tech — are the biggest threat to scale.