Cryptocurrency groups have spent approximately $176 million in more than 100 midterm elections in the United States, and the election results have influenced the composition of the U.S. Congress, cryptocurrency regulatory policies, and the legislative process of the CLARITY Act.

Binance Co-CEO Richard Teng stated at Hong Kong Fintech Week that Binance's financial situation is sound, platform cash inflows and outflows have returned to normal, 95% of the affected tokens have been replenished, and the remaining 5% is being recovered through over-the-counter (OTC) trading services. Losses are being covered by the User Security Asset Fund (SAFU) and company reserves. As of Monday, Binance customers had experienced a net outflow of approximately $4.72 billion, representing about 3% of the platform's assets, the majority of which was USDT. The FBI has accused North Korea of responsibility for the incident, which North Korea denies.

CFTC Chair Michael Selig said the move gives U.S. traders a regulated alternative to “offshore, and often unregulated, venues.”

Markus Thielen predicts Bitcoin will reach $90,000 by the end of the year and questions the demand for institutional ETFs, while stating that Ethereum needs to provide more value for its holders.

[A massive $31.97 million BTC order has been executed, and major Binance futures traders are reducing their positions.] Sudden shift in fund movements sparks subtle market sentiment changes, future trends remain uncertain...