Daly: The Fed is prepared to raise interest rates if necessary; policy decisions need to be made cautiously.

BlackRock executive Robert Mitchnick said the US election results will not affect inflows into Bitcoin ETFs. Bitcoin enjoys a stable regulatory position, and the adoption of cryptocurrencies is showing a trend of bipartisan consensus. (Bitcoin Archive)

San Francisco Fed President Daly stated that if the Fed is prepared to raise interest rates, it still needs to tighten monetary policy now, but the specific extent and timing of the tightening require more information to determine. Daly emphasized that the Federal Reserve must act prudently. (Source: Jinshi Data)

[US Treasury Sanctions 45 Individuals and Entities Linked to Prince Group] The US Treasury Department's Office of Foreign Assets Control (OFAC) on November 5 sanctioned four individuals and 41 entities for supporting the Prince Group's transnational criminal network. This organization is involved in online fraud, money laundering, and human trafficking. Princess Group affiliates obtained illicit profits through online fraud, including digital asset investment scams. Those sanctioned are involved in offshore company management, concealment of actual ownership, and providing administrative and financial services to group executives.

The Commodity Futures Trading Commission said regulated exchanges can't cut off customers state-by-state, but firms like Kalshi are under court orders to do so.

Publicly listed mining company Core Scientific sold 816 BTC, and now holds only 32 BTC. The company sold BTC to meet capital expenditures and other cash needs, and is transforming itself to build an AI data center.