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Trump presses Senate to scrap filibuster as shutdown hits 36 days
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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White House Proposes Tax on Crypto Mining
The US budget for fiscal year 2024 is poised to foster economic development, trim household expenses, and improve healthcare and social security. Among the novel provisions in the proposal is the DAME, an excise tax on energy consumption related to digital assets mining. Coinbase CEO: US Market, We're Not Leaving You
In a recent Q1 earnings call, Coinbase CEO Brian Armstrong wanted to make it crystal clear that the crypto exchange is "100% committed" to the US market, despite the not-so-clear regulatory landscape. Armstrong is optimistic about Congress soon passing crypto regulations, as bipartisan support seems to be the new trend. 
Curve Finance Launches Stablecoin crvUSD on Ethereum Mainnet
Curve Finance, a prominent decentralized exchange, has initiated the deployment of smart contracts for its stablecoin, crvUSD, on the Ethereum mainnet. The launch is not yet fully completed, as the user interface needed for users to interact with the crvUSD smart contracts is still being developed. Microsoft's AI-powered Bing search engine now available
Microsoft's AI-powered Bing search engine is now open to everyone, marking a significant upgrade for the search engine. After initially releasing a limited preview version in February, Microsoft has made the ChatGPT-powered search engine accessible to all users without a waitlist. 
Writers Fights AI Use in Hollywood Scripts
The Writers Guild of America (WGA) is advocating for limitations on the use of artificial intelligence in creating film and television scripts. Meanwhile, Hollywood studios, striving to make streaming services profitable amid dwindling ad revenues, appear less concerned and more open to technological advancements. 
In a creative twist to raise cryptocurrency awareness and honor Satoshi Nakamoto, the creator of Bitcoin, an eyewitness to a tornado leveraged their unique footage of the extreme weather event. The individual agreed to share their video with NBC News on the condition that the news outlet mentioned Satoshi Nakamoto in the related story.
The tornado eyewitness, a cryptocurrency enthusiast, recognized the opportunity to garner attention for the decentralized digital currency and its mysterious creator. By weaving Satoshi's name into a mainstream news story, the witness aimed to pique the interest of viewers unfamiliar with the world of cryptocurrencies and possibly contribute to mass adoption.
NBC News, eager to obtain the dramatic tornado footage, agreed to the unusual request, resulting in a surge of curiosity surrounding Satoshi Nakamoto and Bitcoin. Unconventional approaches can sometimes lead to a broader public understanding and engagement in the crypto world. Legal Battle Looms for Coinbase Execs
A Coinbase investor has lodged a stockholder derivative lawsuit against several of the firm's top executives and board members, including CEO Brian Armstrong and prominent venture capitalists. The lawsuit alleges that these individuals reaped financial benefits from insider information during Coinbase's public listing. WineChain: A New Era for the Wine Business
Exclusive wine from esteemed wineries can now be purchased with delivery on the Web3 platform. The WineChain project, spearheaded by celebrated winemakers and retailers, has curated an array of worthy propositions for wine connoisseurs who aspire to enrich their collections. Coinbase Launches International Exchange
Coinbase, one of the largest cryptocurrency exchanges in the world, has launched an international exchange for institutional traders outside the US. The platform will allow users to trade perpetual futures, which accounted for almost 75% of global crypto trading volume in 2022. Crypto Deposits: The Alternative to Traditional Banking
Fiat currencies are prone to constant devaluation and inflation. The interest rates on bank deposits are no longer sufficient to cover the rate of depreciation of such means of payment. Nonetheless, investing in crypto deposits is a popular tool that provides high returns. 
Microstrategy Stands Firm with its Bitcoin Holdings
In their recent report, Microstrategy revealed that it has maintained a steadfast position on its Bitcoin holdings, retaining 140,000 BTC on its balance sheet throughout Q1 2023. This unwavering commitment showcases the company's confidence in the long-term potential of the cryptocurrency. 
White House Discusses AI Safety with Industry Leaders
US Vice President Kamala Harris recently met with AI industry leaders from OpenAI, Microsoft, Google, and AI startup Anthropic to discuss potential risks and concerns related to AI. The meeting aimed to address the challenges and opportunities that AI technology presents, with a focus on maintaining transparency, safety, and security. 
CFTC Aims to Tackle Anonymity on the Crypto Market
During her presentation in London, CFTC Chairperson Christy Goldsmith Romero called for broader oversight of anonymity in the cryptocurrency market, bolstering security measures for DeFi applications, and safeguarding client assets on centralized exchanges. Shares of another American bank collapsed
Despite Fed Chairman Jerome Powell's assurances on the stability of the banking system, PacWest Bancorp's stock has plummeted 58% in late trading. PacWest, struggling in the wake of three competing California-based lenders' collapse, is now considering a range of strategic options, such as a potential sale, breakup, or capital raise. Quantum Temple: Invest in Culture and Art
Quantum Temple is an NFT marketplace designed to preserve cultural heritage, including traditions, knowledge, and art. Built on the Ethereum and Algorand blockchains, the platform allows collectors to purchase NFTs and provide financial support to national communities. 
A Second Chance for the Worst NFT Traders
Web3 company Truth Labs, known for its popular non-fungible token (NFT) collection Goblintown, is preparing to launch its Season 2 mint, Big Inc, a 15,000-unit sequel. The collection aims to celebrate the culture and community of Web3 and will prioritize collectors based on their "rekt activity," or poor trades in the NFT space. 
Gemini Foundation Launches Non-US Derivatives Platform
Gemini Foundation has launched a non-US derivatives platform for global traders, in a move that follows the recent launch of Coinbase International Exchange. This new platform is now live and available for trading to customers in multiple jurisdictions, including Singapore, Hong Kong, India, Israel, Jersey, New Zealand, and more. CyberConnect (CYBER): The Highly Anticipated Token Sale on CoinLi
Great news! After a year-long wait, the CoinList platform has just announced the launch of a new token called CYBER. This token will serve as the project's native currency for CyberConnect, and many crypto enthusiasts are crossing their fingers for a successful launch. The Bitcoin mempool is overwhelmed
Over 225,000 unconfirmed transactions are currently in the Bitcoin memory pool (mempool), indicating a growing demand for the network, according to data from mempool.space on May 2. The mempool's size has surpassed 580 MB, nearly double its 300 MB limit, reaching levels last seen in 2017. 
Yesterday, an investor filed a lawsuit in Delaware Chancery Court, accusing Coinbase's board members, including Chairman and CEO Brian Armstrong, of selling $2.9 billion in stock during the company's public listing two years ago. The lawsuit claims that the board later revealed "material, negative information" that severely impacted market optimism.
In a separate legal issue, another lawsuit was filed in San Francisco on the same day, alleging that Coinbase violated Illinois' biometric privacy law. The complaint asserts that the company collected customer data without obtaining proper consent beforehand.
As Coinbase faces these dual legal challenges, it seems the company is in for a tumultuous ride. It remains to be seen whether these lawsuits are simply part of a fear, uncertainty, and doubt (FUD) storm brewing on the horizon, or if they represent more substantial concerns for the cryptocurrency giant. Altered State Machine: Give Your Avatars a Brain Boost
Can artificial intelligence have a place in the metaverse? Absolutely – especially if we're talking about Non-Fungible Intelligence®. The Altered State Machine (ASM) DeFi protocol lets users evaluate the abilities of digital brains for avatars in games, apps, and other virtual worlds. 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!