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2026/11/04

Ripple CEO Clarifies RLUSD and XRP Serve Different Roles Amid Stablecoin Growth

Key takeawaysRipple CEO says RLUSD competes with other stablecoinsRLUSD circulation reaches $2.63 billion amid institutional expansionXRP remains essential for XRPL fees and liquidityRipple CEO Brad Garlinghouse has rejected claims that the company's growing RLUSD stablecoin business is replacing XR

U.S. Midterm Election Results Signal Unfavorable Legislative Outlook for the Crypto Industry

CoinDesk reports:Reports suggest that the Democratic Party is poised to gain control of both chambers of Congress following the U.S. midterm elections on November 3, 2026, meaning that despite significant campaign spending by the crypto industry, future legislative agendas are likely to remain less

Morgan Stanley Joins DTCC Tokenization Service for US Equities and Treasuries

Morgan Stanley is reportedly among the first banks participating in DTCC’s Tokenization Service for US securities.The initiative covers tokenization of US equities and Treasury securities.The development could help connect traditional financial markets with blockchain-based infrastructure.Morgan Sta

Sun Yuchen Seeks $264,000 in Sanctions Against WLFI and Its Lawyers

According to court filings, Sun Yuchen and his affiliated companies, Blue Anthem Limited and Black Anthem Limited, filed a motion on November 2 with the U.S. District Court for the Northern District of California, seeking sanctions of $263,821.20 against World Liberty Financial (WLFI) and its attorn

Meta Launches Its First Euro Bond Offering Amid Expansion of AI Infrastructure

According to the Zhitong Finance app, Meta Platforms, the parent company of Facebook and Instagram Inc. (META.US) announced plans for its first euro-denominated bond issuance, highlighting the ongoing explosive demand for AI computing resources amid the global surge in AI agents, the relentless glob

India's NPCI Launches Tech Subsidiary Focused on AI and Blockchain

According to ME News, on November 4 (UTC+8), India’s National Payments Corporation (NPCI) announced the establishment of its wholly-owned technology subsidiary, NPCI Tech Solutions Limited (NTSL), as its technology and innovation arm, focusing on areas such as AI, blockchain, digital financial infra

XRP ETFs Attract $1.81 Billion but Investors Face $440M in Estimated Losses

Key takeawaysXRP ETF inflows reach $1.81 billion despite lossesEstimated paper losses ease from nearly $489 millionInstitutional holdings remain substantial as fresh inflows slowUS spot XRP exchange-traded funds have attracted approximately $1.81 billion in cumulative net inflows, but investors stil

US Stock Futures Rebound After Midterm Election Sell-Off

US stock futures recovered on Wednesday after an overnight sell-off triggered by the US midterm election results. Nasdaq 100 futures, which had fallen as much as 2.4%, turned higher, while S&P 500 and Dow futures also regained ground. The initial reaction reflected concerns about tighter regulat...

China Tape Maker Stock Surges 787% in IPO, Making Former Teacher a Billionaire

Key takeawaysCrown New Materials soared as much as 787% during its Shenzhen stock market debutThe extraordinary rally turned former schoolteacher Mai Michael and his sister into billionairesDespite the stock's explosive debut, Crown reported declining profitsChinese adhesive tape manufacturer Crown

Scroll Proposes Transition to a Privacy-Focused AI App Network, Migrating SCR to the Ethereum Mainnet

ME AI message: A protocol upgrade proposal has appeared on the Scroll DAO forum, aiming to transform Scroll into a permissioned application-specific network focused on privacy AI, and to migrate SCR to the Ethereum mainnet. The proposal states that, if approved, the Scroll Foundation will lead the n

Duolingo Shares Rise 14% Pre-Market on Q3 Results and Raised Revenue Guidance

Benzinga Pro data showed Duolingo shares gaining 14.06% to $146.00 in Wednesday's premarket trading after third-quarter results and higher full-year revenue guidance. Duolingo increased expected 2026 revenue to $1,221 million from about $1,207 million, exceeding Wall Street's estimate of approximate

Anthropic's Largest Short Holder Adds $7.6M in Shorts, Total Reaches $36.1M

According to Huoxing Finance, on November 4, the largest short position holder on Hyperliquid for Anthropic continued to increase its short exposure this afternoon, adding approximately $7.62 million in new short positions between 12:29 and 18:03 (Beijing Time). The address now holds a combined shor

Democrats Win US Midterm Elections, Impact on Crypto Regulation Uncertain

The US midterm elections, long awaited by cryptocurrency investors, have taken place. The midterm elections resulted in a victory for the Democrats.According to BBC news, initial results show the Democrats have gained a majority in both the Senate and the House of Representatives, a result expected

Lis Capital's Xingshen Fund grows to 7.52 billion yuan, continues investment in DeepSeek

ChainCatcher report: According to sources contacted by the Science and Technology Daily, Lishi Capital, which participated in DeepSeek’s previous funding round, has secured additional investment in DeepSeek’s latest round through its subsidiary, Tianjin Lishi Xingshen Equity Investment Partnership (

U.S. Midterm Election Results Pose Challenges for the Crypto Industry

BitPush News: Cryptocurrency journalist Eleanor Terrett summarized the key outcomes of the U.S. midterm elections, noting that the results were generally unfavorable for the Republican Party and the broader crypto industry. She pointed out that despite over $64 million in industry spending, efforts

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