The Zcash Community Funding Committee (ZCG) has withdrawn its proposal to reallocate 98,000 ZEC tokens for future mining rewards. The ZCG has decided not to proceed with the proposal, and future fund allocation will be determined through Zcash's regular governance process. Currently, the ZCG is still collecting approximately 144 ZEC tokens daily until a network upgrade changes the rules.

With the Democrats gaining control of both houses of Congress in the midterm elections, CME FedWatch shows that the probability of the Fed raising interest rates by 25 basis points in December has risen to 76.9%, while the probability of keeping rates unchanged is 23.1%.

The GENIUS Act establishes a federal framework for the issuance of stablecoins, but it does not exempt all companies handling stablecoins from fund transfer regulations. Exchanges, wallets, payment processors, and remittance companies may still need to register with FinCEN and obtain state-level fund transfer or virtual currency licenses. Whether a company needs a license depends on whether it receives, controls, exchanges, or transfers value; issuer approval or FinCEN federal registration does not automatically fulfill state-level licensing requirements. The GENIUS Act provides state law priority arrangements for certain approved issuers, but it does not universally exempt third parties; companies must assess state licensing regimes based on their business activities and operating regions. (Source: Bitcoin.com News)

Jump Crypto address 0xf584...D621 transferred 15 million USD1 to BitGo in two separate transactions within the past hour, and the funds were subsequently transferred to BitGo's hot wallet.

On-chain analyst Ai Yi stated that Bitcoin has returned to $78,000, setting a target of 10 major levels. She anticipates that positions have already been closed in the $75,000 to $78,000 range, and claims the bull market has begun with a target price of $120,000. Yi Lihua has turned bullish, believing that Bitcoin will rise to approximately $82,600 after triggering a 40-day rebound following its pullback.