Bank of England: Promises to quickly introduce stablecoin regulatory rules

[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.

BBX News: Yesterday, global listed companies continued to deepen their encryption configurations: Mining giants lead the way: Marathon Digital (NASDAQ: MARA) holds 52850 BTC in its third quarter financial report, setting a new historical high; Hut 8 (NASDAQ: HUT) holds 13696 BTC, with profits increasing by 80% year-on-year Japanese companies steadily increase their holdings: Remixpoint (TYO: 3825) increases its holdings of 29.46 BTC to 1411 BTC; Blockmate holds 3 BTC Financing Assistance Layout: Hyperscale Data has completed a $125 million equity financing, which will be used to purchase BTC and XRP The dual drive strategy of "computing power+treasury" in mining enterprises has achieved significant results, and the institutional configuration has been upgraded towards integration. Source: bbx.com

[Hong Kong Police Freeze HK$2.75 Billion in Assets of Cambodia's Prince Group Over Cross-Border Telecom Fraud and Money Laundering] Cambodia's Prince Group has had its assets frozen by law enforcement agencies from multiple countries due to its alleged involvement in large-scale cross-border telecom fraud and money laundering activities. On November 4, Hong Kong police announced the freezing of approximately HK$2.75 billion (around US$350 million) in assets belonging to the group. Earlier, in mid-October, the United States and the United Kingdom jointly froze Bitcoin worth approximately US$15 billion held by the group's leader, Chen Zhi. Hong Kong police stated that through intelligence gathering and analysis of fund flows, they discovered that several companies and related bank accounts under the group were suspected of money laundering crimes. Although the police did not explicitly confirm whether the frozen assets were connected to the Prince Group, multiple sources have verified that the group in question is Cambodia's Prince Group. The investigation into the case is still ongoing.

[ETH Whale Suffers Over $9.65 Million Loss in a Week Before Opening Long Positions Again] On-chain analysis reveals that the address, which had opened a 25x leveraged long position after ETH's flash crash on October 11, switched to short positions yesterday and closed out with a stop-loss approximately 10 hours ago, incurring a loss of about $1.386 million. The cumulative loss over the past week amounts to $9.655 million. The address has since reversed its position and opened long positions again, currently holding 2,248.72 ETH long contracts (approximately $7.69 million) at an entry price of $3,434.29. The position is currently in an unrealized loss.