Bitcoin prices rebounded, breaking through $79,000.

The T3 FCU, a coalition launched by TRM Labs, Tether, and Tron to combat illicit activities, was disbanded in August of this year. The reason for the disbandment was slow response and poor coordination. The T3 FCU was established in September 2024, primarily responsible for tracking and freezing USDT on the Tron blockchain related to illicit activities. In May of this year, the alliance announced that it had frozen over $450 million in illicit assets, with its partner law enforcement agencies covering 23 jurisdictions across five continents. (Source: Bloomberg)

Binance - RAY is currently priced at $1.71, up 8.92% in the last 24 hours. 24-hour trading volume was $24.38 million, representing a 40.62% increase. (For reference only.)

The cryptocurrency market rallied following the US midterm elections, with ETH rising 6.79%, BTC rising 4.42%, XRP rising 4.40%, and SOL rising 4.36% in the past 24 hours.

On November 4, House Speaker Boris Johnson announced his decision not to continue leading the House Republicans next year, sparking a new leadership battle within the Republican Party. The race to succeed Johnson is likely to be between Steve Scalise, Jim Jordan, and Tom Emmer. Over the past two election cycles, Johnson traveled to 36 states to campaign for Republican candidates and raised more than $526 million for them and their supported super PACs. Voters, fueled by high living costs and discontent over the war with Iran, turned their frustrations toward Trump.

The US Democratic Party plans to investigate financial ties between the crypto industry and President Trump and his family. (Source: Bloomberg)