US Senate: December to vote on crypto market structure bill

On chain data shows that a giant whale deposited 4.87 million USDC into HyperLiquid and opened ETH long positions with 20 times leverage in two wallets; In addition, the giant whale used 387861 USDC to purchase 10043 HYPE at a price of 38.6 and sent them to pledge. （Onchain Lens）

US senators demand a federal investigation into World Liberty Financial, a cryptocurrency project related to the Trump family. （Cointelegraph）

[U.S. Officials Expect Russia and Ukraine to Reach a Framework Agreement by the End of November] U.S. officials anticipate that Russia and Ukraine will reach a framework agreement by the end of November.

In the past 12 hours, large transactions have shown that the main force sold a total of $78.1 million, bought only $40.67 million, and had a net outflow of $37.43 million, with a buy to sell ratio of 1: 1.92, indicating a strong short selling signal. In the latest 1-hour cycle, large market sell orders reached $4.62 million, suppressing further price declines. Based on the K-line pattern, a cross star appears and the price is below the EMA24/52 moving average, confirming the downward trend. The large transaction indicator helps you lock in the main trend in advance and accurately capture abnormal signals! The data is sourced from the PRO member's [BTC/USDT Binance 1-hour] candlestick, for reference only, and does not constitute any investment advice.

[Basel Committee Reassesses Bank Cryptocurrency Capital Rules] After the United States and the United Kingdom refused to implement the current cryptocurrency capital rules, the Basel Committee on Banking Supervision (BCBS) plans to reevaluate the relevant policies. Erik Thedéen, Governor of the Swedish Central Bank and Chair of the BCBS, stated that the 1250% risk weight set for cryptocurrency exposures may need adjustment. Law firm White & Case explained that this risk weight requires credit institutions to hold self-owned funds equivalent to their cryptocurrency asset exposures. Thedéen pointed out that the rapid growth of regulated stablecoins has influenced policy-making and suggested the need to reanalyze stablecoin risks and their regulatory approaches. Some banks believe the existing framework hinders their participation in cryptocurrency and stablecoin services. At the end of October, the Basel Committee began reviewing the rules originally scheduled to take effect in 2026.