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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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A federal judge overseeing the criminal case against Sam Bankman-Fried is set to review the possibility of revoking the former FTX CEO’s $250 million bail following allegations of intimidation against Caroline Ellison.
Additionally, federal prosecutors in New York have requested that Sam Bankman-Fried be jailed before his scheduled October trial.
At a hearing in Manhattan federal court, prosecutor Danielle Sassoon argued that “no set of release conditions can ensure the safety of the community.” 
US presidential candidate Robert F. Kennedy Jr. disclosed that he invested in Bitcoin earlier this year, buying two BTC for each of his seven children. This move came after facing criticism for promoting the cryptocurrency without having any personal stake in it.
Kennedy clarified that he made the investment right after attending a Bitcoin conference where he announced his decision to accept campaign donations in Bitcoin.
“Right after that Bitcoin conference, I got a big check, and I said, okay, you know, I’m going to put my money where my mouth is.”
During the conference, he denied having any personal investment in the cryptocurrency. However, he later decided to invest in Bitcoin to demonstrate his commitment to the technology and its potential. 
Craig Wright, who asserts he is Bitcoin's creator, has lost his libel case appeal against Peter McCormack. Wright had claimed McCormack damaged his reputation by calling him a fraud who didn't invent Bitcoin.
Initially, the court found McCormack's comments defamatory but reduced damages to £1 due to Wright's conduct. The UK Court of Appeal upheld this decision, stating Wright failed to produce adequate evidence for his claims. 
Yesterday, reports surfaced suggesting that KuCoin had dismissed 30% of its employees due to declining profits. However, the cryptocurrency exchange's representatives debunked these claims today, explaining that there was just a slight downsizing in line with their routine organizational strategy.
"To stay on top, we regularly evaluate our org structure based on employee performance and company development. So it is not layoffs, and it is all about making the organization more dynamic," asserted Johnny Lyu, the Chief Executive of KuCoin. 
In a pivotal ruling on July 25, Judge Philip Jeyaretnam of the Singapore High Court declared cryptocurrency as personal property, placing it on par with fiat money. Judge Jeyaretnam's elucidation is notable for the legal status of digital assets.
It was stemmed from a case where ByBit accused its former employee, Ho Kai Xin, of illicitly transferring approximately 4.2 million USDT from the company's coffers to personal accounts. The court mandated Ho to return the funds to cryptocurrency exchange. 
Optimism announced Law of Chains v0: a foundation for the future of Superchain.
Law of Chains v0 will change Optimism Governance to govern standards for multiple chains, defining the necessary conditions for integration into Superchain and prioritizing user security. According to the developers, this will:
1. Preserve a unified, neutral, and open blockchain space.
2. Conduct blockchain modernization.
3. Ensure infrastructure availability.
Optimism aims to officially unveil this project and the first version of the new chain governance process after discussions with the community in the next governance season. 
Michael and Amanda Griffis are in hot water with the Commodity Futures Trading Commission (CFTC) as the agency alleges the couple pulled off a grand-scale fraud.
Operating under the auspicious name "Blessings of God Thru Crypto," they enticed over 100 individuals to contribute to their digital assets commodity pool. Accumulating over $6 million, the couple promised high returns and security for the pooled resources.
According to CFTC, these pledges were not only empty but the pooled funds frequently ended up mingling with the Griffis' personal finances. 
NFT royalties on Ethereum hit an eye-popping 699,816 ETH, roughly translating to $1.8 billion. However, data analytics firm Nansen's deep-dive analysis points to an unsettling trend.
Despite sustained NFT volumes in 2023, royalties for this year only constitute 9.4% of the total payout, a stark contrast to 2022, which accounted for over 64% of the total ETH paid. The culprit behind this disparity is the downward trend in effective royalty rates, which fell from 2.5% in 2022 to a scant 0.6% by July 2023.
Some NFT projects such as Yuga Labs, behind popular initiatives like Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC), are among the few benefiting, receiving 9.4% of all royalties. 
Arkham Intel Exchange has acknowledged two on-chain investigators with approximately 9,519 ARKM (valued at ~$5,000) for information on Do Kwon & Terra's wallet holdings.
This new data suggests a potential inconsistency in Terra's previous declaration of possessing a single Luna Foundation Guard wallet. Hardware Wallets with a Credit Card Form Factor
A number of hardware wallet manufacturers have adopted a unique approach. If they can't compete with the functional prowess of market leaders such as Ledger and Trezor, they can distinguish themselves in another area - the form factor. The convenience of a credit card-sized wallet over bulkier alternatives holds appeal for many. 
The United States Government Accountability Office (GAO) has published a report suggesting that a more robust regulatory framework is required for the use of blockchain in finance.
The report highlighted the lack of regulation around crypto asset trading platforms and stablecoins and identified non-security crypto asset spot markets as the main regulatory gap. According to the GAO, Congress could address these issues by designating a federal regulator to oversee these markets.
Moreover, the report suggests a need for more regulatory coordination and proposes the establishment of a formal mechanism to identify risks and respond to them within an agreed timeframe. 
What Is an Automated Market Maker (AMM)?
Think of an automated market maker as a critical software or protocol, the absence of which would render the operation of decentralized cryptocurrency exchanges virtually impossible. AMMs serve the crucial role of offering automatic, round-the-clock liquidity provisions on Decentralized Exchanges (DEXs) and various DeFi platforms, catering to a diverse array of cryptocurrency pairs. 
The United States House panel has approved two bills that could provide regulatory clarity for crypto firms, addressing the jurisdictional differences between the U.S. securities and commodities regulators.
The Republican bill introduces a process for firms to certify with the SEC that their projects are decentralized, enabling them to register digital assets as digital commodities with the CFTC.
The bipartisan Blockchain Regulatory Certainty Act aims to remove hurdles and requirements for “blockchain developers and service providers” such as miners, multisignature service providers, and decentralized finance platforms.
Congressmen praised the passing of these bills as a “huge win” for the United States. 
U.S. lawmakers are reportedly close to creating a framework for regulating stablecoins, but a separate bill overhauling financial laws' treatment of crypto assets is facing opposition from Democrats who deem it too favorable to the crypto industry.
Top Democrats, including Rep. Maxine Waters, have expressed their disappointment with the market structure bill. Meanwhile, Republicans remain optimistic that ongoing negotiations may lead to agreement on stablecoin legislation. 
Tech leaders Google, Microsoft, OpenAI, and AI startup Anthropic are forming a new industry watchdog group, the Frontier Model Forum, to supervise the "safe and responsible" development of frontier AI models.
The alliance aims to push research on AI safety, pinpoint responsible development practices, collaborate with governments and civil leaders, and back the development of applications.
This move follows a commitment made by these AI companies to the White House for the safe and transparent development of AI. 
The freshly minted line-up of collectible avatars, titled 'Retro Reimagined', is scheduled for a grand unveiling on July 26 at 3:00 pm Eastern Time. In the tradition of previous releases, this series will also make its debut on the Polygon blockchain. Users will have the ability to exchange these Non-Fungible Tokens (NFTs) via various external trading applications
On top of that, Reddit has given some tantalizing hints about future modifications coming to its treasure trove of collectible items. In the not too distant future, this store will be directly accessible from the avatar editing interface. At present, the store's offering is somewhat limited, with only a handful of third-generation selections available for purchase, each carrying a price tag of $4.99. 
The National Crime Agency (NCA) is actively recruiting financial investigators with a crypto-edge. To do that, you have to be an accredited financial investigator (AFI), possessing skills in blockchain analysis, and comprehending pertinent legislation. 
Immunefi: The Platform for White Hat Hackers
Immunefi, introduced to the world by Mitchell Amador in 2020, is a high-ranking platform within the realm of cryptocurrency bug-bounty operations. This dynamic initiative brings white hat hackers into play, hosting contests that allow them to unearth flaws in various blockchain projects and their corresponding smart contracts. 
The company behind the popular P2E game Axie Infinity, Sky Mavis, has announced a partnership with the NFT collection CyberKongz. Their joint venture will entail developing a new game on the EVM-compatible blockchain Ronin.
While the details of the new venture are yet to be disclosed, it has been revealed that CyberKongz's game, Play & Kollect, will also be migrated to the Ronin network. 
EraLend, a cryptocurrency lending protocol, was victimized by a re-entrancy attack, leading to substantial losses of $3.4 million.
The project's team confirmed via Twitter that the threat has been contained, and all loan transactions have been halted. As a precautionary measure, it's currently recommended to avoid making USDC deposits. A Deep Dive into the DeFi Project DeXe and Its Native Token
DeXe has emerged as a cryptocurrency protocol with a primary focus on investment management and the facilitation of decentralized autonomous organizations. Its core objective is to enhance the overall functionality of DAOs and their operations. 
The UK's data watchdog is setting its sights on Worldcoin, Sam Altman's initiative offering free crypto for iris scans.
With digital ID on one side and cryptocurrency on the other, it's caught the Information Commissioner's Office's attention.
"We note the launch of WorldCoin in the UK and will be making further enquiries," a spokesperson for the ICO says. 
In a bid to compete with Twitter (recently rebranded to X) TikTok has launched a new feature enabling users to create and share text-based content.
:comet: The move comes just 20 days after Meta’s Threads was introduced as a rival to X.
Additional features like stickers, tags, hashtags, background colors, and draft saving are also available to enhance text-based content. 
The tech tycoon has stirred the online world yet again by displaying the fresh emblem of Twitter and Dogecoin as his profile location.
While the overall market is submerged in a sea of red, DOGE has managed to record a 9% surge within a day, now exchanging at $0.077. 
Private banks in South Korea, Hana Bank and Woori Bank, have taken a keen interest in tokenized deposits, commonly known as Deposit Certificates or CDs.
CDs offer an alternative rooted in blockchain technology, serving as an equivalent to private stablecoins and Central Bank Digital Currencies (CBDCs).
Presently, it's being viewed as a potential substitute for customary notes and deposits without disrupting the existing banking system. 
The lawsuit between the U.S Securities and Exchange Commission (SEC) and cryptocurrency exchange Coinbase is moving forward as the date for initial arguments has been confirmed. Coinbase's chief legal officer, Paul Grewal, revealed on Twitter that New York judge Katherine Polk Failla had approved the joint request from both parties to proceed with hearings.
Coinbase has until August 4, 2023, to submit its initial brief and additional supporting documents by August 11. The SEC's opposition brief is due on or before October 10, with Coinbase's reply by October 24 or sooner. 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!