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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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The Financial Supervisory Service of South Korea (FSS) intends to meet with business representatives and the US Securities and Exchange Commission (SEC) to gather detailed information about Bitcoin ETFs. These plans were announced by the FSS Governor, Lee Bok-hyun, during a presentation in Seoul outlining his action plan for the near future. 
The number of daily active users on the decentralized social protocol Farcaster has quadrupled following an upgrade that introduced frame support. This feature allows users to use key functionalities (like NFT creation, token claims, and responding to inquiries) without the necessity for transaction signing or navigating to external links. 
The Apple Vision Pro headset has officially gone on sale in the United States, creating significant buzz in recent days. To mark the occasion, Apple CEO Tim Cook made a special appearance at the company's flagship store in Manhattan to welcome the first customers. 
John Reed Stark, a lawyer and former SEC enforcement chief, has labeled the effort by the leadership of the now-bankrupt crypto exchange FTX and its associated legal firms to relaunch the platform as blatant fraud. He predicts that by the end of 2024, each attorney involved in this case will afford to buy a luxury beach house, effectively financed by the funds of FTX users. 
Nvidia CEO Jensen Huang has reiterated calls for countries and corporations to build local AI data processing centers. According to him, this strategy would safeguard technological advances from potential external interference and various significant limitations. 
Justin Schmidt, the Chief Operating Officer at Ondo Finance, which specializes in tokenized securities, is confident that yield-bearing stablecoins will outpace their traditional counterparts in the future. He notes that current issuers of such tokens are channeling investments into U.S. Treasury bonds and deposits, thereby securing their own profits, while regular users remain deprived from yield-generation. 
DZ Bank, the second-largest financial group in Germany, plans to unveil a retail cryptocurrency trading project by the end of 2024. This ambitious venture will see participation from dozens of corporate banks and will initially cater to private users who do not seek investment or trading consultations. 
Nvidia is now taking pre-orders from Chinese distributors for its latest artificial intelligence chip, crafted to adhere to the stringent U.S. sanctions. The new H20 graphics card is priced between $12,000 and $15,000, yet the retail cost in China begins at $15,300. 
Andy Bromberg: Bitcoin ETFs Contradict the Nature of Crypto
The U.S.'s recent nod to spot Bitcoin ETFs has been heralded as Wall Street's triumph. These new exchange-traded funds grant both institutional investors and laypersons easier crypto market access. Yet, Andy Bromberg, CEO of the crypto wallet Beam, signals a caveat: these ETFs deviate from the founding principles of Bitcoin and cryptocurrencies at large. 
In January 2024, the on-chain monthly transaction volume of Bitcoin reached a new record of $1.21 trillion for the past twelve months. It's noteworthy that throughout 2023, this figure did not exceed $1 trillion, typically fluctuating between $500-600 billion. 
The Securities and Exchange Commission (SEC) has issued a press release targeting Brian Sewell, founder of Rockwell Capital Management. Sewell reportedly encouraged hundreds of online students to invest in his fund, claiming it employed cutting-edge AI-based crypto trading strategies. 
The House of Lords Communications and Digital Committee has published a report criticizing the government's approach to artificial intelligence. According to them, the focus on security is overly stringent, potentially stifling the development of new technologies. 
The U.S. Department of Justice has leveled charges against three American individuals for committing fraud through SIM card swaps. Bloomberg reports that among the companies affected was the cryptocurrency exchange FTX, which suffered a loss of over $400 million in client assets in the aftermath of its bankruptcy announcement. 
When to Expect Ethereum ETFs?
After the much-anticipated approval of Bitcoin ETFs, several key players in the cryptocurrency market, including the investment powerhouse BlackRock, have submitted Ethereum ETF applications with the SEC. Let's evaluate the likelihood of these funds getting the green light. 
The legal firm MANIMAMA has released a report analyzing cryptocurrency tax systems worldwide, including the EU, Switzerland, the UAE, and more. Notably, the UAE, particularly Dubai, emerges as one of the most favorable locations for crypto trading and earnings, as it imposes no capital gains or income tax. 
Manta, a modular L1 blockchain launched in September 2023, has clinched the 9th position in the list of top projects by Total Value Locked (TVL). With $468 million, it has outperformed rivals such as Sui, Cardano, and Base. Despite this achievement, the trading activity on its DEX remains relatively low ($4.6 million). 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!