Maxine Waters, the House Financial Services Committee’s top Democrat, announced in a letter to colleagues that she is running to chair the committee. According to Foresight News, Waters said she would pursue legislation to address what she called U.S. President Donald Trump’s crypto corruption, establish strict but fair rules for legitimate crypto businesses, and create safeguards for consumers, small businesses, community banks, and the financial system. She also said she would regulate predatory lending and platforms, including prediction markets, and strengthen oversight of the private equity industry. Waters has served as the committee’s Democratic ranking member since 2013. Her bid faces a challenge from Illinois Rep. Sean Casten. Illinois Rep. Bill Foster is also considering a run but currently leans against entering the race.

The Algorand Foundation has indefinitely paused its Project King Safety roadmap and shelved proposals to remove ALGO’s supply cap, enable and capture MEV, and raise minimum transaction fees. According to Foresight News, the foundation said its commitment to extend staking rewards through January 2028 remains unchanged. It may still introduce or adjust usage-based fees, including charges for Falcon-1024 post-quantum account-signature transactions. The foundation will indefinitely pause its xGov grants program starting December 6. It will close the Algorand forum on November 6, retaining a read-only archive, end the company-operated Ecosystem Advisory Committee, and stop sponsoring the Algorand Technical Committee. The foundation said its new management will focus on building a sustainable network model that generates revenue. Its next priority is to extend its post-quantum security capabilities to the wider Web3 and digital asset ecosystem for custodians, wallet providers, issuers, and other networks.

According to ChainCatcher, the University of Michigan’s preliminary survey showed U.S. consumer confidence rose about 6%. Confidence improved among low- and middle-wealth consumers but fell 5% among high-wealth consumers. High prices continued to erode living standards, with 57% of respondents citing the cost of living. Inflation expectations fell to 4.3% for the coming year and 3.4% over the long term.

According to ChainCatcher, Aave Labs has acquired the Avon team and technology. The company plans to use Avon's on-chain order book and lending protocol to advance fixed-rate lending.

Gnosis Pay said a data breach affected the B2C business system supporting its branded cards, exposing some customer information. According to Odaily, all affected customers have received emails with details, user funds were not affected, and the company has taken additional security measures. The related B2C platform remains scheduled to shut down on December 20, 2026. Gnosis Pay advised users to stay alert, saying it will never ask for PINs or recovery phrases or request that users transfer funds.

According to Jin10, the University of Michigan’s preliminary U.S. Expectations Index reading for November was 50.9, compared with expectations of 49.5 and a previous reading of 48.8.

According to Jin10, the preliminary reading for U.S. one-year inflation expectations in November was 4.3%, compared with a 4.7% forecast and a previous reading of 4.70%.

Bernstein analyst Madison Rezaei said Georgia may be an underappreciated risk for data center development, as Atlanta attracts major developers including Digital Realty Trust and Equinix. According to Sina Finance, Democrats hold a 3-2 majority on the Georgia Public Service Commission, which oversees power-supply approvals and decisions on accelerating electricity provision. Rezaei said some major approvals are already in place, including about 10 GW of certified capacity and a 3.2-GW power contract for OpenAI. Georgia Power’s next capacity request and the 2028 rate review remain unresolved. The commission’s influence is focused on future projects, including Georgia Power’s planned mid-2027 filing for capacity in 2032-2033 and the 2028 rate review; Rezaei said the commission would not halt construction already underway but could affect electricity pricing in the 2030s. She identified OpenAI’s 3.2-GW Camilla project, Digital Realty Trust’s 2.0-GW Bunkerhouse project, QTS’s 1.4-GW data center in Blakely, and Google’s White Oak and Rambo facilities, totaling 2.7 GW. Rezaei said 87% of Georgia’s planned effective capacity that has not yet begun construction is scheduled for 2029 or later. The equipment sales tax exemption runs through 2031, and repealing it would require approval from the Republican-majority state Senate. She said Georgia’s risk has not materially worsened this year, but future construction costs will rise.

A recent report by Menlo Ventures shows that Chinese models account for 89% of open-source model spending by US companies, with Kimi leading the pack at 61%.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

Why did Hyperliquid surge and then fall back after Wall Street extended an olive branch? This article analyzes the four pressures behind HYPE's drop from a new high of $97.9 to a decline of over 19%.

Duan Yongping said that 85% of the general public is not suited for investing, but I think at least half of them are not investing, but gambling.

The People's Bank of China has named and shamed public blockchain brands for violations in their promotional activities. Lawyer Mankiw interprets the activities and compliance risks of domestic teams.

Nobel laureate Argeon deconstructs the growth effect of AI using the Schumpeterian growth paradigm and proposes four new functions for governments in industrial policy, education, taxation, and international cooperation.

The US stock market lost $3 trillion overnight, the AI ​​industry chain suffered violent deleveraging, and behind the panic was the resonance of data center approval and policy risks.

The percentage of coins listed on South Korean exchanges that are "only launched domestically" has decreased from 85% in 2019 to 9% in 2024, but low trading volume on the first day is becoming a new challenge for exchanges.

Nvidia is using residual value guarantees, capacity buy-outs, and equity investments to finance its AI factories, but the $300 billion off-balance-sheet commitments are concentrating tail risks upstream.

Alphabet's market value evaporated by nearly $500 billion in a single day, and advertising growth diverged from search volume for the first time; as AI agents compare prices and place orders on behalf of others, the foundation of the advertising model is crumbling.