Glassnode said that Bitcoin's current rise was driven by existing holders, and the new capital inflow from ETF, stable currency and treasury bond decreased.

The US Treasury Department has imposed a new round of sanctions on Iran, including 17 ships transporting Iranian crude oil, petroleum products, and petrochemical products. The US Treasury Department estimates that about 20 million barrels of Iranian crude oil are stranded on ships, and Iran has stopped loading and unloading crude oil vessels. US President Trump has stated that he is engaged in productive talks with Iran and will not attack Iran before the midterm elections on November 3rd. (Source: CCTV)

The NFL has submitted an opinion to the US Supreme Court opposing federal regulation of predictive markets such as Kalshi and Polymarket. Gary Gensler and Chris Dodd also submitted their opinions to the US Supreme Court this week. Chris Dodd had previously pushed for a bill that would give the US Commodity Futures Trading Commission (CFTC) the power to regulate predictive markets. (Source: Reuters)

In opposition to federal oversight of the prediction markets, the National Football League has sided with states, Gary Gensler and one of the authors of the relevant law.

Tezos co-founder Arthur Breitman stated that the crypto industry does not need a pro crypto US government, only a government that is not hostile to the crypto industry.