[U.S. lawmakers to discuss market structure bill with crypto advisor David Sacks] U.S. Congress members plan to meet with David Sacks, a crypto advisor from the Trump administration, to discuss matters related to the crypto market structure bill.
[ether.fi invests $500,000 in buyback program within two days] The ether.fi Foundation announced that it has invested $500,000 into its buyback program over the past two days and repurchased 574,000 ETHFI tokens from the open market. This buyback initiative aims to support its token economic model and boost market confidence.
[U.S. Supreme Court Debates Tariff Case, Potential Impact on Macroeconomy and Markets] On November 6, the U.S. Supreme Court began deliberations on the case involving tariffs imposed by former President Trump under the International Emergency Economic Powers Act (IEEPA). Several conservative justices questioned the government's arguments, indicating that the judiciary may limit presidential trade authority. While the White House and Treasury Department remain optimistic about the outcome, the business community is concerned that uncertainty could persist for months. If the current tariffs are overturned, the effective U.S. tariff rate would drop to 6.5%, reducing the drag on GDP to 0.6%, though issues such as tax refunds and fiscal deficits may worsen. Bitunix analysts pointed out that judicial risks are influencing macro liquidity expectations, with the dollar experiencing short-term volatility and strengthening, while safe-haven assets are supported. Bitcoin's short-term support level is $100,000, with resistance at $105,000. The ruling could trigger a structural revaluation cycle in the market.
[U.S. SOL Spot ETF Net Inflow of $9.7 Million Yesterday, Total Inflow Reaches $294 Million] On November 6, the U.S. SOL Spot ETF saw a net inflow of $9.7 million yesterday, maintaining consistent net inflows for seven trading days since its launch, with total inflows reaching $294 million. Among them, Bitwise's BSOL had a net inflow of $7.5 million yesterday, while Grayscale's GSOL had a net inflow of $2.2 million.
[David Sacks Says Constructive Progress Made on Cryptocurrency Market Structure Legislation] David Sacks, the White House Director for Cryptocurrency and Artificial Intelligence Affairs, stated that the Senate Agriculture Committee held constructive discussions today regarding cryptocurrency market structure legislation. He specifically thanked Committee Chairman John Boozman and member Cory Booker for their participation and expressed encouragement about the significant progress achieved so far. Sacks revealed that efforts will be made to advance a bipartisan draft bill in the future to further improve the regulatory framework for the cryptocurrency market.
[Robinhood Executive Says Still Weighing Inclusion of Cryptocurrency in Balance Sheet] Shiv Verma, Vice President of Finance and Strategy at Robinhood, stated during the third-quarter earnings call that the company is still weighing the decision to include cryptocurrency in its balance sheet. While such a move could better align with the crypto community, the impact on shareholders must be considered. Earlier today, Robinhood released its third-quarter 2025 financial report, showing cryptocurrency revenue increased by 300% year-over-year to $268 million. Total revenue reached $1.27 billion, exceeding market expectations of $1.19 billion, with earnings per share at $0.61, higher than the expected $0.53.