MARA, DeFi Development, and Gemini will release their Q3 earnings reports this week.

MARA, DeFi Development, and Gemini will release their Q3 earnings reports this week. The total market capitalization of the crypto market rose 40.86% during the quarter, but since September 30th, the share prices of all three companies have fallen by at least 37%. MARA is scheduled to release its earnings report after the US stock market closes on November 9. Analysts expect it to report a loss of $0.33 per share and revenue of $176 million. The company reported a net loss of $611 million in the second quarter and held 35,600 BTC as of June 30. DeFi Development is scheduled to release its financial report on November 12 at 21:00 (UTC+8). As of October 30, it held 2.6009 million SOL and equivalents, and its CHAD preferred stock annual dividend yield was increased from 13% to 14%. Gemini is scheduled to release its earnings report after the US stock market closes on November 12. Analysts expect it to report a loss of $0.58 per share and revenue of $44.38 million. Its second-quarter trading volume fell to $3.8 billion from $11.3 billion in the same period last year, and exchange revenue dropped 38% to $12.5 million.

The State Internet Information Office has launched a new Internet technology and application information service filing system, while the original Internet information service algorithm filing system and blockchain information service filing management system have been discontinued. The Shanghai Cyberspace Administration requires that blockchain service names not contain terms such as virtual currency, exchange, or ICO. Applications involving virtual currency issuance, trading, or ICO activities, servers deployed overseas, or those that have not completed ICP filing will be affected; BaaS platforms must also be registered. Generative AI applications that call registered models via APIs and provide services with public opinion attributes or social mobilization capabilities to the public must be registered.

A whale, 0x7a6, has been continuously buying Worldcoin (WLD) on dips, accumulating nearly 6 million WLDs worth approximately $1.865 million, with an average purchase price of $0.322. This address first purchased WLD about two months ago and added another 2.098 million WLD today.

Coinbase has received final approval from the OCC for a federal trust banking license, joining Circle and Ripple in the same category.

U.S. Republican Congressman Thomas Massey will submit articles of impeachment against Defense Secretary Hergsays today. The articles of impeachment allege that Hegses abused the powers of the Ministry of Defense by launching hostile actions against Iran without congressional approval. (Source: Politico)