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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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DeFi vs CeFi
Currently, all investors and traders working with cryptocurrencies are faced with the choice between conducting digital asset transactions through centralized platforms with user-friendly interfaces and services or without intermediaries but with a limited number of non-custodial wallet options. 
Bitcoin Takes a Dive: What Caused the Drop Below $20,000?
In March, the cryptocurrency market had a rough time, with the price of Bitcoin dropping below $20,000 once again. Contrary to some speculation, this drop was not due to market manipulation by so-called "market-makers" nor was it caused by the USDC depeg from the US dollar, as that happened later. So what actually caused this price drop? 
Japan Considers Banning ChatGPT
Several commercial companies, including Softbank, Fujitsu, Mizuho Financial Group, MUFG Bank, Sumitomo Mitsui Banking, and many others, have already implemented a ban on using ChatGPT for work purposes. Their management is worried that using this service could lead to the spread of unreliable information both through the media and within their own companies. 
President Joe Biden has personally promised to hold Silicon Valley Bank and Signature Bank accountable for any bankruptcy they may face, ensuring Americans that their deposits are safe.
"The American people and American businesses can have confidence that their bank deposits will be there when they need them," he tweeted.
We're eagerly waiting for more details on this matter! 
Custodial and Non-Custodial Wallets: Know the Difference
Cryptocurrency wallets are the main tools for storing and managing cryptocurrency. There are two main types of wallets: custodial and non-custodial. It is important to understand the difference between them, as it determines the security of your assets. 
Signature shareholders to sue the bank and its management
Signature shareholders have filed a class-action lawsuit against the bank and three of its former top executives — the chief executive officer, chief financial officer and chief operating officer. They are accused of fraud on the basis that the bank was financially sound just three days before the seizure by the state regulator. 
Researchers from a Web3 security company have recently discovered a number of serious flaws in the Dogecoin, Litecoin, and Zcash blockchains.
The most critical vulnerability affects P2P communications, allowing attackers to craft malicious consensus messages to key nodes and cause them to shut down.
What's more concerning is that there is a possibility that similar bugs may exist in around two hundred other networks.
If cybercriminals manage to exploit these flaws before Halborn receives payment for fixing it, it could put over $25 billion worth of digital assets at risk. 
Is the crypto staking industry dead now?
The US Securities and Exchange Commission (SEC) recently fined American cryptocurrency exchange Kraken $30 million. The penalty was related to their staking services, which the SEC has now classified as the sale of securities. Could it possibly impact the industry overall? 
According to the March 2023 reserve report , a total of 8.7 billion USDC is being held in six banks. However, three of these banks – Silvergate, Signature, and Silicon Valley Bank – are currently experiencing liquidity and solvency issues. The situation is especially dire for Silicon Valley Bank, which held 3.3 billion USDC and has been forced to close by the California Department of Financial Protection and Innovation.
The USDC price has dropped by 15%, to $0.86, in response to these developments. Additionally, the DAI stablecoin has fallen by 10%, as up to 50% of its collateral is held in USDC.
Currently, US Treasury bills account for 77% of the USDC reserves. The remaining 23% is held in cash at various banking institutions. The fate of these funds will depend on the outcome of the bankruptcy process for the affected banks and the amount of funds that can be recovered. 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!