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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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GNcrypto appoints Sebastian Scheplitz as new CEO
GNcrypto is pleased to announce the appointment of Sebastian Scheplitz as its new Chief Executive Officer (CEO), effective immediately. As the new CEO, Scheplitz brings more than two decades of experience in digital marketing, AI innovation, and business development, with a proven track record of scaling companies and driving exponential growth. 
A federal judge in Texas dismissed ConsenSys' lawsuit against the U.S. Securities and Exchange Commission (SEC) and its chairman, Gary Gensler. The company sought to legally establish that Ethereum is not a security and to prevent the SEC from interfering with the operation of the MetaMask crypto wallet. 
Blockchain researcher ZachXBT revealed details of a $243 million fraud operation. This led to the arrest of several suspects and the freezing of funds' portion. The victim was a lone creditor from the Genesis platform, and the main culprits were Greavys (Malone Iam), Wiz (Veer Chetal), and Box (Jeandiel Serrano). 
Ethereum Ecosystem: Challenges and Contradictions
Despite Ethereum's leading status, the network faces significant challenges, including growing accusations of centralization. Can Ethereum scale without compromising its decentralized nature? In this article, we break down the major issues confronting the world’s largest blockchain. 
Bloomberg reports that Dragonfly Capital, a crypto-focused venture company, is preparing to raise $500 million for a new fund aimed at early-stage blockchain projects. So far, over $250 million has been secured, with the full fundraising expected to be completed by the first quarter of 2025. 
Microsoft partnered with G42 to open two artificial intelligence centers in Abu Dhabi, following a $1.5 billion investment made earlier this year. One of these centers will specialize in developing standards for the ethical and responsible use of AI technology across industries. 
SEC Ramps Up Enforcement with Tougher Fines
The U.S. Securities and Exchange Commission (SEC) is intensifying its crackdown on the crypto industry. A new report reveals that total fines for regulatory violations in the cryptocurrency sector in 2024 (and the year isn’t even over yet) have already reached a record-breaking $4.7 billion. Which companies have been hit the hardest by the SEC’s actions? 
The Starknet Foundation introduced the Catalyst Program to boost the growth of the Starknet ecosystem and support high-quality decentralized applications through grants. Developers are expected to use these funds to improve user experience and other critical aspects of their projects. 
Hedera became the first founding member of the Linux Foundation's Decentralized Trust (LFDT), transferring control of its source code, including core services, algorithms, and tools, to the foundation. This collaboration will be part of a new project called Hiero. 
AML: Stopping Money Laundering in Its Tracks
The term "Anti-Money Laundering" (AML) originated almost a century ago during the Prohibition era in the United States. It referred to illegal efforts to legitimize funds obtained through organized crime—essentially turning "dirty" money into "clean" money. 
Chainalysis CEO Michael Gronager predicts that within the next five years, governments will increasingly leverage AI to uncover financial crimes on the blockchain, including tax evasion. This initiative is expected to be coordinated rather than fragmanted across various agencies. 
The U.S. Federal Trade Commission (FTC) criticized several social media companies, including Meta, Google, and ByteDance, for collecting and processing user data without sufficient oversight or transparency. The collected data often includes age, gender, language, income, and other information of interest to advertisers. 
Germany’s DZ BANK Group, the nation’s second-largest banking group, is preparing to offer cryptocurrency trading and custody services to over 700 of its cooperative banks via the Boerse Stuttgart platform. The launch is expected by the year's end, with technical preparations nearing completion. 
After the success of its previous device, the Solana Saga, Solana Mobile unveiled its newest smartphone, the Solana Seeker. This new model features significant upgrades, including an upgraded camera, a longer-lasting battery, and a more affordable price than its predecessor. 
WhiteBIT, Europe’s leading crypto exchange and the official sponsor of the Ukrainian national football team, started a pre-sale of tickets for the upcoming Ukraine vs Georgia home match in the UEFA Nations League, accepting payments in cryptocurrency. The game will be held on October 11 at the City Stadium in Poznań, Poland. 
BitGo is set to launch its own yield-bearing stablecoin, USDS, in early 2025. The stablecoin will be backed by cash and short-duration Treasury bills that generate returns. The initial market capitalization is expected to reach approximately $10 billion within the first year. 
At Ethereum Singapore 2024, ETH co-founder Vitalik Buterin urged for more individual staking, highlighting its importance for the security and decentralization of the network. He noted that independent and diverse stakeholders can counterbalance centralized entities and reduce their control. 
AI Facial Recognition to Identify Criminals: Is It Reliable?
Facial features, along with a person’s fingerprints, DNA analysis, and other evidence, are key parts of criminal identification. With the help of tools like face detection and recognition, police can speed up the investigation process by tracing unknown faces and matching existing databases. 
Virtual Museum Tours: What It’s Like Visiting a Museum from Home
Walking through a museum without in-person visits is one of the things made possible by technology. Virtual rooms tell stories about art, history, science, and life through digital representations of originals or items initially created in a physical environment. 
In a move that feels like it’s straight out of a crypto-thriller, the UK government proposed a new legislation aimed at clarifying the legal status of digital assets such as cryptocurrencies, NFTs, and others. Known as the Property (Digital Assets etc.) Bill, this marks a significant milestone in providing legal recognition for all digital assets, classifying them as personal property. 
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!