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Trump presses Senate to scrap filibuster as shutdown hits 36 days at a White House breakfast on Wednesday, Nov. 5, 2025.
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FTX's portfolio liquidation is unlikely to shake the market significantly, as noted by Coinbase in their latest weekly report.
They cited multiple reasons supporting this claim.
1. Weekly Sell Limits: Initially, liquidations are capped at $50 million per week for digital assets. This limit will gradually increase to $100 million in subsequent weeks. Any permanent increase to a maximum limit of $200 million requires approval from two committees representing FTX debtors.
2. Insider-Affiliated Tokens: Stricter controls govern the sale of “insider-affiliated” tokens, necessitating a 10-day advance notice to the same committees.
3. Locked Holdings: A significant portion of FTX’s SOL holdings, along with some other tokens, are locked until approximately 2025 due to token vesting schedules, limiting their availability for sale.
4. Hedging Measures: FTX has the option to hedge its sales of BTC, ETH, and other debtor-identified assets through an investment advisor, contingent on prior committee approval. These precautions ensure a measured and controlled approach to asset liquidation. 
Hong Kong police have arrested Joseph Lam, a crypto influencer and former lawyer, in connection with the ongoing investigation into cryptocurrency exchange JPEX. Lam, who has over 190,000 Instagram followers, was arrested today and his office was raided. The arrest follows the Securities and Futures Commission's warning against JPEX for misleading statements about its licensing status. The police have received at least 83 complaints involving JPEX, with virtual assets worth about HK$34 million ($4.3 million) reported. 
The Optimism Governance has announced a direct distribution of unclaimed tokens from the inaugural airdrop. They aim to distribute (if not already done) 48 million OP across over 88,000 distinct addresses. This accounts for about 25% of all the addresses originally qualified to receive tokens. This decision was made to allow the team to shift their focus to other endeavors related to smart contracts and upcoming airdrops. 
Japan Allows Fundraising Through Cryptocurrencies
In an innovative update to its regulatory framework, Japan has made a significant move to modernize startup financing. The nation's government has decided to allow businesses to attract investors using their own cryptocurrencies, breaking from the traditional reliance solely on shares. 
NYDFS wants to increase transparency from cryptocurrency companies operating in the state, particularly in their processes for listing and delisting cryptocurrencies.
The new framework will require firms to develop their coin-listing policies in three key areas: governance for the coin-listing process, risk assessments of coins, and procedures for monitoring coins.
The framework will also require firms to provide detailed information on their criteria and decision-making process for delisting a coin.
The proposed legislation is open for public comments and will remain so until October 20th. Michael Saylor: The Maverick Billionaire and Bitcoin Enthusiast
Michael Saylor's net worth stands at $1.2 billion. His X account is a testament to his dedication to Bitcoin. His followers are abuzz with the fervor with which this billionaire embraces BTC, speculating on how Saylor continually navigates the highs and lows of his fortune. 
Coinbase's blockchain, Base, has set a new daily transaction record, reaching 1.88 million transactions. This achievement surpasses its previous high of 1.41 million transactions, established shortly after its launch in August. Notably, this number surpasses the combined daily transactions of both Optimism and Arbitrum, which totaled 878,000 transactions. 
Several iToken wallet users found their private keys and secret phrases exposed because of a Trojan virus created by a former Huobi employee.
Upon this unsettling discovery, iToken's team swiftly notified the endangered users, making them aware of possible wallet risks.
The investigation has kicked off, focusing on Huobi employee's involvement. 
The company Blockaid preemptively identified a perilous phishing website targeting Ethereum's co-founder admirers, even before Buterin's account was hacked.
This was attested by MetaMask, who also pointed out the integration of Blockaid's anti-phishing solution within their wallet for enhanced user protection. 
Arthur Hayes: A Figure of Inspiration and Debate
Arthur Hayes stands as a prominent name in the cryptocurrency realm, recognized as one of the youngest African-American billionaires in history. He co-founded BitMEX, which, incidentally, led him into legal controversies. This exchange pioneered the trading of crypto derivatives, introducing the now-widely adopted perpetual contracts. 
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