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Binance spokesperson: Withdrawal volumes are stabilizing, returning to normal and expected on-chain activity levels.

1 hours ago

A Binance spokesperson said: "Withdrawal volumes saw an initial surge but have since trended sharply downward. Withdrawal levels are stabilizing, returning to what we consider normal and expected on-chain activity levels; the scale of withdrawals accounts for a very small portion of our total assets under management."

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US Senator Lummis: The CLARITY Act aims to push crypto firms to directly share intelligence with federal law enforcement agencies.

U.S. Senator Cynthia Lummis, a lead drafter of the CLARITY Act, stated in a post that hackers stole $6.3 billion worth of cryptocurrency assets this week and transferred them across multiple blockchains in minutes. The CLARITY Act establishes a pilot program enabling crypto firms to share intelligence directly with federal law enforcement. When the industry and law enforcement work in tandem, the transfer of stolen funds can be curbed.

27 minutes ago

Trump: If the Democratic Party takes the majority, I could become "Mr. Veto"

US President Donald Trump said that if the Democrats win a majority in Tuesday’s midterm elections, he may have to act as “Mr. Veto.” “They will keep sending bills, and you just veto them,” he said. “After a month or two, once all the proposals have been vetoed—you know, these bills are pure waste—they will come to negotiate with me.” Trump will hold campaign rallies in Kansas and Iowa on Sunday to help the Republican Party retain control of Congress. Polls show that Trump’s low approval rating has given the Democrats a chance to take at least one chamber, or even both, of Congress. “Hopefully we won’t have to go that route,” he said.

27 minutes ago

Trump: We may reach an agreement with Democrats at some point.

Trump said, "We may reach an agreement with the Democrats at some point."

27 minutes ago

The White House has formulated a response plan following the Democrats' takeover of Congress, and intends to advance its agenda by bypassing Congress.

According to Reuters, a White House official and two sources familiar with the matter said the White House has for months been preparing for a potential Democratic takeover of Congress, drawing up plans to advance key parts of its agenda via executive power, while also preparing for congressional investigations into the Trump administration. Three sources said that since April, senior officials including White House Deputy Chief of Staff Stephen Miller and Budget Director Russell Vought have been working with the White House Counsel’s Office to review and identify executive actions Trump can take without congressional approval, covering areas such as immigration, tariffs, housing costs and federal spending. The White House official added that White House Counsel Will Scharf and his team are also studying which actions Trump can legally take on his own, where he may cross the bounds of his authority, and how to defend those decisions in court. Over the past month, Trump has been holding rallies across the country, seeking to retain Republican control of Congress. Meanwhile, his aides have reportedly begun privately preparing for a vastly different political landscape that could take shape in 2027.

27 minutes ago

SpaceX CEO couple donate over 2 million SpaceX shares to the children's 'Trump Account'

SpaceX President Gwynne Shotwell announced that she and her husband Robert are donating over 2 million SpaceX shares, which will be distributed to children’s “Trump Accounts” in December. The first batch of shares is currently being transferred to an escrow account, intended for children aged 11 to 17 in zip codes with a median household income of no more than $57,000, as well as same-age children in zip codes where income data is not published due to small population size. Affected families will receive notifications by Monday. The second round of donations will be finalized in several weeks, covering children of U.S. overseas military personnel, foster children, and same-age children in Texas counties with a median household income of no more than $90,000. The U.S. Department of the Treasury, IRS, and Dell Foundation are participating in the donation initiative.

27 minutes ago

OpenAI plans to launch a series of policy initiatives after the U.S. midterm elections to strengthen its regulatory framework for artificial intelligence.

OpenAI plans to roll out a series of policy initiatives and public relations campaigns immediately after the U.S. midterm elections on November 3, to adapt to potential shifts in Washington’s political landscape and shape the artificial intelligence (AI) policy debate in the 2028 presidential election. Chris Lehane, OpenAI’s Chief Global Affairs Officer, noted that the company has been preparing related policy proposals since August, which are set to launch during Congress’ “lame duck” session starting November 9. Specific measures include: advocating for mandatory safety safeguards for the most advanced AI systems, establishing “speed limits” for AI development to ensure human oversight; easing barriers to data center construction via community partnership agreements and state-level legislative proposals, and repositioning new data facilities as “AI computing power parks”; expanding AI education, training and employment support to help workers navigate technological changes; and pushing for U.S.-led global AI standard-setting rooted in democratic values. Lehane views AI as a core issue in the 2028 U.S. presidential election.

27 minutes ago

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