On Nov 08, 2024, 02:07 AM(UTC). According to Binance Market Data, BNB has dropped below 600 USDT and is now trading at 599.630005 USDT, with a narrowed 0.84% decrease in 24 hours.

Jito Labsの10月の月額料金収入は7,890万ドルで、5月の記録の2倍となり、LidoやUniswapなどのDeFi案件を上回った。また、10月24日には1日で最高614万ドルのチップ収入があり、SolanaでのMEV抽出サービスに対する需要の高まりを示した。(ブロック)

Peak AscendEX（旧BitMax）は、11月8日20:00にプロジェクトBrett ETH（BRETT）を開始し、$BRETT/USDTの取引ペアをオープンします。

The U.S.'s Republican Party seems set to keep control of the House of Representatives, completing its trifecta after flipping the Senate and White House in the 2024 election cycle — confirming odds on betting site Polymarket. source: https://www.coindesk.com/policy/2024/11/08/republicans-look-set-to-clinch-electoral-sweep-echoing-polymarket-bets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Trump’s transition team is considering Robinhood CLO Dan Gallagher, Paul Atkins, and Robert Stebbins as candidates for SEC chair, with a decision expected soon. source: https://coincu.com/290970-robinhood-clo-dan-gallagher-generates-excitement

According to BlockBeats, Messari's report on BNB Chain's third-quarter performance highlights significant developments, including the introduction of the 'Gas-Free Carnival.' This initiative aims to enhance user experience and ecosystem adoption by enabling free stablecoin transfers. The report outlines several key metrics that underscore BNB Chain's growth during this period. One of the notable achievements for BNB Chain in Q3 was a 2% increase in the total value locked (TVL) in decentralized finance (DeFi), reaching $4.85 billion. This growth indicates a steady interest and investment in DeFi projects within the BNB Chain ecosystem. Additionally, the non-fungible token (NFT) sector experienced a substantial surge, with daily transaction volumes rising by 283%. This increase reflects a growing engagement and activity in the NFT market on the BNB Chain. Furthermore, the report highlights a 7% rise in the amount of BNB staked, totaling 32.4 million BNB. This increase in staking activity suggests a heightened confidence and participation from the community in supporting the network's security and operations. Overall, these developments demonstrate BNB Chain's ongoing efforts to expand its ecosystem and enhance user engagement through strategic initiatives and improvements.

According to Cointelegraph, Detroit is set to allow its residents to pay taxes and city fees using cryptocurrency, aiming to modernize its payment systems and attract blockchain companies. This initiative, announced by Detroit’s Office of Treasury, will be implemented through a secure payment platform managed by PayPal starting mid-2025. The announcement did not specify which cryptocurrencies would be accepted, but PayPal currently supports major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and its stablecoin PayPal USD (PYUSD). This move is part of Detroit's broader strategy to enhance its payment channels and operational efficiency while encouraging blockchain companies to establish themselves in the city. Detroit Mayor Mike Duggan expressed enthusiasm about the city becoming one of the first major U.S. cities to explore blockchain applications for civic purposes, allowing residents to use cryptocurrency as a payment option. In addition to introducing cryptocurrency payment options, Detroit is inviting blockchain entrepreneurs and innovators to propose ideas for blockchain civic applications. Interested applicants have until December 15 to submit their proposals to Justin Onwenu, the city’s director of entrepreneurship and economic opportunity. Onwenu highlighted the potential of blockchain technologies to improve accessibility, efficiency, transparency, and security, expressing eagerness to hear from entrepreneurs leading this innovation. Once implemented, Detroit will join other U.S. cities and states, such as Miami Lakes in Florida and Williston in South Dakota, that accept cryptocurrency for taxes and city services. Colorado and Louisiana also accept cryptocurrency for civic services to varying extents, typically partnering with third-party payment vendors like PayPal or BitPay. This initiative follows the recent election of crypto-friendly Donald Trump as President, which has sparked anticipation within the crypto industry for pro-crypto policies and regulatory clarity. Expectations include potential changes such as the dismissal of the current SEC Chair Gary Gensler and the introduction of a national strategic Bitcoin reserve.

According to Odaily, Block, the payment company co-founded by Jack Dorsey, has announced a strategic shift to concentrate on the development of Bitcoin mining equipment and self-custody crypto wallets. This decision comes as the company reallocates funds by discontinuing its 'Web5' decentralized internet project and reducing its investment in the Tidal music streaming service. The announcement coincides with the news of Donald Trump's victory in the U.S. presidential election, during which he pledged to create a more favorable environment for the cryptocurrency industry, including support for Bitcoin mining. Block's financial performance in the third quarter revealed a revenue of $5.98 billion, falling short of Wall Street's expectations of $6.24 billion. This shortfall in revenue has led to a 10% drop in the company's stock price. The company's renewed focus on Bitcoin mining and self-custody wallets is seen as a strategic move to align with the evolving landscape of the cryptocurrency market, especially in light of the potential regulatory changes promised by the new administration. By shifting its resources and attention to these areas, Block aims to strengthen its position in the crypto industry and capitalize on the growing demand for decentralized financial solutions.

According to Cointelegraph, two Republican candidates have successfully secured seats in the United States House of Representatives, narrowing the gap for the party to maintain a majority in the chamber. The Associated Press reported on November 7 that Jeff Hurd emerged victorious in Colorado’s 3rd congressional district with 50.1% of the vote, with 89% of the votes counted. Similarly, Scott Perry retained his seat in Pennsylvania’s 10th congressional district, defeating Democrat Janelle Stelson. While serving in office, Perry supported the Financial Innovation and Technology for the 21st Century Act, also known as the FIT21 bill, which garnered bipartisan backing in the House and is pending a Senate vote. Hurd, according to his campaign website, expressed intentions to support similar legislation and advocated for sensible regulations to advance technologies like cryptocurrency. Both Hurd and Perry were recognized as "strongly supportive" candidates by the Stand With Crypto initiative, although Cointelegraph noted the absence of political action committees (PACs) backing them through media purchases. During the 2024 election cycle, crypto-backed PACs, such as Fairshake, invested significantly in supporting congressional candidates with favorable views towards the industry. The recent victories are part of the broader 2024 election results, where Republicans have gained control of the White House and Senate. At the time of reporting, the AP had declared 210 seats for Republicans and 194 for Democrats in the House, with 218 seats needed for a majority. Although the final majority in the House was not determined at the time, Stand With Crypto announced on November 5 that the upcoming Congress would be the most pro-crypto yet, with lawmakers supporting crypto policies significantly outnumbering those opposed. In related developments, Sherrod Brown, a prominent crypto skeptic in Congress, is set to leave the Senate in 2025 after losing to Republican Bernie Moreno. Meanwhile, Elizabeth Warren secured reelection in the US Senate in Massachusetts, defeating challenger John Deaton, an advocate for XRP holders. Additionally, Securities and Exchange Commission Chair Gary Gensler’s term is scheduled to end in June 2026, but President-elect Donald Trump has pledged to remove the regulator "on day one" of his presidency.

According to BlockBeats, recent data from Farside Investors reveals that Fidelity's FBTC experienced a substantial net inflow of $190.9 million on November 8. This significant movement highlights growing investor interest and activity in the fund, reflecting broader market trends and potential shifts in investment strategies. The inflow marks a notable increase in capital allocation to Fidelity's FBTC, suggesting confidence in its performance and potential returns. This development comes amid a dynamic financial landscape where investors are increasingly seeking diversified portfolios and alternative investment opportunities. The substantial inflow into Fidelity's FBTC could indicate a strategic move by investors to capitalize on emerging market conditions and potential growth prospects. As the financial markets continue to evolve, such significant inflows may signal a shift in investor sentiment and priorities, emphasizing the importance of monitoring these trends closely. The data underscores the importance of staying informed about market movements and investment flows, as they can provide valuable insights into investor behavior and market dynamics. Fidelity's FBTC, with its recent inflow, may serve as a barometer for broader market trends, offering a glimpse into the evolving landscape of investment strategies and preferences.

ある暗号トレーダーが、SolanaのPump.funに対抗するイーサリアムのライバルとして注目を集めている、新しくローンチされたEthervista（VISTA）トークンに投資することで、わずか48時間で5,000ドルを670,000ドルに変えた。Ethervistaの急成長には、独自の「フェアローンチモデル」と高いガス消費量が含まれており、時価総額の急激な上昇とトークン価値の大幅な高騰に寄与している。