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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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Despite being over 100 days into the writers strike, the worries about studios using generative artificial intelligence to entirely write scripts have not come to fruition.
The decision came in response to a challenge by Stephen Thaler, CEO of Imagination Engines, who sought to register AI-generated works.
The judge upheld the U.S. Copyright Office’s stance that copyright protection only extends to works created by humans, not AI.
U.S. District Judge Beryl Howell has emphasized that copyright law has “never stretched so far” to “protect works generated by new forms of technology operating absent any guiding human hand.” 
DappRadar's recent report reveals a staggering 98% drop in Bitcoin Ordinals NFT trading volume since May, plummeting from $452 million to just $3 million.
Transaction numbers also fell by approximately 97% to 20,571 during this period.
While DappRadar acknowledges the decline, they emphasize the need for more time to discern if this is a short-term hiccup or a deeper issue with Bitcoin-based NFTs. 
Currently, Mantle DAO is evaluating a proposal that would prohibit the conversion of BIT tokens held by FTX Group into the new MNT token. Previously, Alameda Research, a branch of the FTX Group, swapped 3.4 million FTT tokens for a staggering 100 million BIT tokens, which equated to around $43 million. Yet FTX's descent into bankruptcy prompted DAO members to introduce this proposal. MNT is a token that was launched as Mantle's L2 mainnet went live. The blockchain was established by the Bybit exchange, which initiated the merge of BIT (BitDAO) and MNT tokens. Controversies aside, there's robust support for this proposal within the Mantle enclave, spotlighting the overarching investor community's interests. 
The Exactly Protocol has suffered a hacking attack. Running on the Optimism blockchain, this lending DeFi platform was targeted by malefactors who stole over 4300 ETH, totaling approximately $7.3 million.
Both BlockSec and Beosin security agencies have corroborated the theft. The hackers reportedly found and exploited a weak point in the platform's smart contracts, although the finer details are still under wraps.
UPD: The team at Exactly Protocol would declare a $700,000 reward for any leads on the hacker, should they not receive a response from the malefactor by the end of August 22nd.
"You can return the funds, minus a 10% fee to you, without worries about us coming after you," the Exactly team conveyed in their message. 
The U.S. Securities and Exchange Commission has received permission from a U.S. judge to request assistance from the South Korean government in questioning Daniel Shin, co-founder of Terraform Labs.
Officials plan to question Shin in connection with their own lawsuit against Do Kwon and to obtain documents related to Chai Corporation, a secondary company that was also used in the illegal scheme. 
FedNow, CBDC, US Financial Evolution: Insights by Aaron Klein
The unveiling of the Fed's FedNow payment system has stirred discussions about its influence on banking and its repercussions for the crypto sector. Aaron Klein, Senior Fellow at the Brookings Institution's Center for Regulation and Markets, addresses questions about this new system, the prospective role of CBDCs, and cryptographic developments. 
Statistics from Coinglass indicate liquidations of $1 billion in the last 12 hours, with $483 million in BTC and $300 million in Ethereum.
Some market analysts are identifying potential incidents that may have instigated this downfall:
The Wall Street Journal has noted that SpaceX liquidated $373 million in Bitcoin across 2021 and 2022, and Tesla has divested more than 30,000 BTC (75% of its stake) for $936 million in Q2 of 2022.
The investment holding company China Evergrande Group has filed for bankruptcy. It was rumored that Tether had backed a portion of its USDT using commercial papers from this entity.
Sellers sprang into action shortly after.
With Bloomberg announcing that the SEC is slated to approve the first-ever Ethereum-based ETF futures by October, Ethereum's market value promptly surged by 11%. 
According to Kaiko, BTC and ETH have recorded their lowest 90-day price volatility compared to oil in many years, a mark last reached in 2016.
Right now, Bitcoin's volatility sits at 35%, Ethereum's at 37%, while oil's is higher at 41%.
Experience tells us that after such periods of quiet , a significant move often follows. Judging by Bitcoin's recent dynamics, it appears such a shift might be kicking off. 
The Sei team has initiated token claims for those who participated in the testnet early on. However, the meager bonuses received have left many reevaluating their decision to engage in future airdrops, especially for Tier-2 or Tier-3 projects.
Rewards were disappointingly scant, with most individuals earning only a nominal amount for blockchain testing.
The SEI token price decreased by 20%, possibly attributed to either the overnight downturn in the crypto market or the airdrop itself.
P.S.:To claim your tokens, the Compass wallet is essential, and some regions might require a VPN. 
RDeni: From Village Kid to Crypto Maven
Rostik RDeni stands out as one of Ukraine's brightest young crypto influencers. His journey began at the tender age of 12, producing engaging YouTube content. In a candid chat with GNcrypto, Rostislav opens up about his rise to fame, gives pointers to crypto greenhorns, and spills the beans on his latest venture. Crypto Regulation in Brazil
Brazil reigns as the most substantial cryptocurrency hub in Latin America. Yet, its regulatory stance towards digital currencies is confounding. On one hand, they're not recognized as legitimate money; on the other, there's a push towards legitimizing crypto transactions. 
Social app friend.tech has recorded protocol fees amounting to more than $1.42 million within the past 24 hours, positioning it among the top three crypto projects in terms of user-paid fees. It now stands as the third-highest project for user-paid fees, following Ethereum and Lido Finance, according to data from DeFiLlama. Built on Coinbase’s Base Layer 2 chain, friend.tech is a social app that integrates with X (Twitter). It allows users to trade tokenized shares linked to each other’s profiles. Shareholders enjoy exclusive content access and private chat rooms in X. 
Rishi Sunak is directing public funds toward acquiring high-performance artificial intelligence chips to ensure the country remains competitive in the global race for computing capabilities. The government has initiated talks with major IT firms such as Nvidia, AMD, and Intel to secure resources for a national “AI Research Resource.” This effort aligns with prime minister’s vision to establish Britain as a leading force in the field of artificial intelligence. Though the project has been allocated £100 million, there are concerns that this funding might fall short of the government’s AI aspirations. Government officials are advocating for additional funding in the coming months to match the scale of this initiative. Graphics Processing Units (GPUs) are vital components in constructing AI systems like ChatGPT, with the latest version trained on as many as 25,000 Nvidia chips. 
The Dogecoin Foundation has expressed its heartfelt condolences over the passing of Balltze, the dog widely recognized online as Cheems. He passed away on August 18, 2023, during a surgical procedure.
Balltze rose to internet fame in 2017 due to a photo capturing his distinctively troubled expression. Among the plethora of memes generated from this image, one in particular stands out: a comparison with Kabosu, the Dogecoin cryptocurrency mascot.
Condolences have also poured in from various cryptocurrency and meme communities worldwide. 
Coingecko has just unveiled a report that details the countries where mining 1 BTC could be either a lucrative venture or a costly mistake.
For example, mining a Bitcoin in Lebanon would cost only $266 in electricity, while the same task in Italy would run a shocking $206,000, or 783 times more.
Out of the top 10 nations with the highest electricity costs, 9 are European. 
The community of Terra Luna Classic has dismissed the USTC Repeg team's request for funding. Voting outcomes showed 45% in support, 43% objecting with veto power, and 11% rejected it outright.
Even though 11 of the 17 validators were in support, the proposal failed to gain traction with the general public. The request was for 285 million LUNC ($20,000) to refine an instrument for the USTC Incremental Repeg Buybacks & Staking Swaps algorithm. 
After his brief time in custody, Sam Bankman-Fried is already petitioning to spend five days each week outside the confines of the detention facility. His legal team is vocal about the obstacles he's facing, especially the considerable challenge of reviewing numerous papers connected to his case whithin the detention center. JPMorgan reports that Bitcoin miners are diversifying their operations in anticipation of the upcoming halving event, which will slash their rewards. Miners are now venturing into the booming artificial intelligence (AI) market, offering high-performance computing services. This shift is partly funded by selling newly minted or existing bitcoins. Companies like Applied Digital and Iris Energy are already making strides in AI cloud services. Additionally, post Ethereum's shift from proof-of-work, former Ethereum miners are leveraging GPUs for AI, finding it potentially more profitable than traditional mining. 
Base, engineered on OP Stack as a second layer network, has managed to surpass Arbitrum and Optimism in the number of daily transactions this week. Data from The Block highlighted that on August 15, Base's moving average reached 610,000 transactions, while the counts for Arbitrum and Optimism stood at 576,000 and 597,000, respectively. Although Optimism currently holds a slight lead, overall, the networks are closely competing. 
The founder of Cardano, Charles Hoskinson, stated that the Hydra protocol is not only active on Cardano's mainstream network, but it's also rapidly evolving. He highlighted the innovative transaction processing methods, including tiered pricing and the Babel commission system.
Hoskinson's comment was in response to a user, going by the pseudonym 0xONLY.arf, who expressed the opinion that Cardano is merely following in Ethereum's footsteps, albeit a few years behind. 
The Federal Reserve enforced the closure of Farmington State Bank, a lender that has ties with both FTX and Alameda Research.
But what led to this? The bank's silent move towards a digital-centric strategy without keeping the Federal Reserve in the loop.
To thicken the plot, Farmington had previously, in March 2022, secured a substantial $11.5 million funding from Alameda Research. 
The immense wave of transactions and heightened user activity took Shibarium by surprise, causing some tech glitches, says Shytoshi Kusama, the co-founder of the Shiba Inu ecosystem.
He's also quick to debunk the rumors about funds getting stuck in the bridging contracts, terming it as pure FUD.
"Although we expected a very busy moment, we never expected THIS much traffic, instantly," reflects Shytoshi Kusama.
At its launch, the Shibarium team tackled a load of 160 million computational tasks in a span of about 30 minutes, while anticipating only 400 million within a month. 
Grayscale Investments is gearing up for a potential positive outcome in its lawsuit with the SEC, as it begins hiring for its ETF team. The firm is on the lookout for a "Senior Associate, ETFs" to bolster its ETF business development.
This move comes as the crypto community eagerly awaits a court decision on Grayscale's proposal to convert its GBTC fund into a spot bitcoin ETF.
The outcome could set a precedent for other asset managers seeking approvals for spot bitcoin funds, influencing the future of crypto ETFs. 
The issuer of USDT has resolved to end support for Kusama, Bitcoin Cash SLP, and Omni Layer. This move follows an in-depth analysis of the functionality, safety, and stability of these particular blockchains.
Notably, Omni Layer, Tether's first transport layer since its inception in 2014, was instrumental during its early days. However, it has witnessed a decline in popularity due to rising competitive solutions.
Though minting of USDT on the aforesaid platforms will be terminated, the redemption process will stay in place for a duration extending at least a year. 
In his exploration of the $36 billion Horizon Worlds metaverse, video blogger Jarvis Johnson found player activity to be surprisingly sparse.
He counted roughly 900 daily English-speaking users. Many of these were children who managed to circumventing the platform's age restrictions.
These findings cast serious doubt on Meta's prior claim of 200,000 engaged users every month, hinting at possible exaggeration. 
Quantum Blockchain Technologies (QBT), a research company, has unveiled an innovative bitcoin mining method that utilizes artificial intelligence.
According to the company's statement, this new approach to hash verification, as opposed to random selection, boosts the chances of finding a winning hash by approximately 260%. 
Ripple contends that there is no justification for the SEC to appeal its partial loss while the case remains unresolved.
Ripple’s legal team has presented three primary arguments in response to the SEC’s appeal request:
Аn appeal requires a pure question of law and that the SEC’s request raises no new legal issues that need to be reviewed.
SEC’s argument that the court ruled incorrectly on the matter is not sufficient.
An immediate appeal will not advance the termination litigation proceedings. Never miss any of the latest cryptocurrency news, in-depth crypto market analysis, and breaking updates on blockchain technology. From Bitcoin price trends to emerging NFT projects and DeFi developments, GNcrypto has everything to keep you informed and ahead. Stay informed and ready to seize the next big opportunity in the crypto world!