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[Germany's Second Largest Party AfD Proposes Establishing Bitcoin Reserves] Bitcoin Magazine posted on platform X that Germany's second largest party, AfD, has proposed a motion to establish Bitcoin reserves.
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[Germany's Second Largest Party AfD Proposes Establishing Bitcoin Reserves] Bitcoin Magazine posted on platform X that Germany's second largest party, AfD, has proposed a motion to establish Bitcoin reserves.
[YZi Labs Report: Zhao Changpeng Holds Less Than 1% of Total BNB Supply] The BNB report released by YZi Labs shows that the total supply of BNB is 100 million tokens, with Zhao Changpeng personally holding less than 1%. Currently, approximately 66-67% of BNB is held by public holders, 27% is allocated for programmatic burns, and Binance treasury accounts for about 4-5%. BNB reduces circulating supply through automatic burns and the BEP-95 mechanism, with over 64 million BNB already burned, accounting for 31.8% of historical supply. The report highlights that BNB is positioned as an efficient transaction engine for the global Web3 economy. The BNB Chain plans to undergo updates after 2026, with goals including improving transaction confirmation speed to under 150 milliseconds, achieving over 20,000 TPS, supporting upgradable virtual machines, and other functionalities to build foundational infrastructure for on-chain financial markets.
[Former FTX US President Brett Harrison Launches Perpetual Contract Trading Platform AX] Brett Harrison, former president of FTX US, has founded a startup called Architect Financial Technologies, which has been approved by the Bermuda Monetary Authority to launch a perpetual contract trading platform named 'AX.' The platform aims to apply crypto derivatives mechanisms to traditional asset classes such as stocks, forex, interest rates, and commodities, while supporting 24/7 continuous trading. The platform will accept fiat currency and USD stablecoins as margin, breaking through the limitations of traditional settlement systems. Future plans include expanding to AI economy-related assets, such as perpetual contracts for rare earths, renewable energy, and data center computing power costs. Architect is headquartered in Chicago and is currently undergoing Series A financing, with investments from Coinbase Ventures, Circle Ventures, and Anthony Scaramucci's SALT Fund. Harrison stated that the regulatory environment in the U.S. market is becoming more relaxed, and perpetual contracts may usher in new development opportunities in the traditional financial sector.
[Alternative for Germany Proposes Recognizing Bitcoin as a Strategic Asset] On October 29, Alternative for Germany (AfD) submitted a motion to the Bundestag opposing excessive regulation of Bitcoin. The motion, submitted on October 23, argues that Bitcoin fundamentally differs from other crypto assets and should not be included in the European unified crypto asset regulatory framework (MiCA). AfD suggests recognizing Bitcoin as a strategic asset for national reserves, maintaining the current 12-month holding period for tax-free gains, exempting it from value-added tax, and ensuring individuals' rights to self-custody. The party believes that the current tax policy is generally positive but legal uncertainties hinder private long-term investments.
[Ethereum Whale Has Sold 30,300 ETH This Year, Total Value $99.36 Million] [On-chain analysis shows that the 'ETH ICO 1 Million ETH Whale' has sold a total of 30,300 ETH so far this year, with a total value of $99.36 million and an average selling price of $3,279. Currently, this whale still holds 97,750 ETH on-chain, valued at approximately $391 million.]
[Bank of Canada Cuts Interest Rate by 25 Basis Points and Signals Pause in Rate Cuts] The Bank of Canada has lowered its policy interest rate by 25 basis points for the fourth time this year and hinted that rates may remain unchanged in the future to address the impact of U.S. tariff pressures on the Canadian economy. Bank of Canada Governor Macklem stated that U.S. tariffs of up to 50% on steel, aluminum, automobiles, and lumber have severely impacted key sectors of the Canadian economy, with weak economic growth expected to persist until 2027. Macklem emphasized that the current policy interest rate helps the economy adjust and keeps inflation close to 2%, but monetary policy cannot fully offset the damage caused by tariff policies.