When traditional finance builds markets on the blockchain, regulators begin to affirm the transparency of the blockchain, and CEXs also use verifiable on-chain methods to prove themselves, it may become difficult to distinguish winners by whether they are CEXs or DEXs.

Matthew Sigel, VanEck’s head of digital asset research, said total stablecoin supply fell by $11.5 billion over 30 days to $291.2 billion. According to ChainCatcher, Tether and Circle accounted for about three-quarters of the decline.

With voting underway in the US midterm elections and control of Congress at stake, Maylea Ma, deputy general counsel at 1inch, expects federal agencies to lead the next phase of crypto regulation. According to Cointelegraph, Ma said the US Securities and Exchange Commission, Commodity Futures Trading Commission and Treasury are more likely than Congress to produce “real movement” in digital-asset regulation over the next few years. The election could also affect the future of the stalled CLARITY Act, but Ma said agencies are increasingly engaging with crypto projects. She added that this activity does not offer the stability the industry sought through legislation, saying the long-term goal remains a statute that cannot be reversed whenever the government changes. Michael Ho, co-founder of D3, the team behind Doma Protocol, said the stalled market structure bill leaves US crypto policy dependent on agency guidance that a future administration could reverse, keeping institutional capital waiting. Ho said clear rules enacted into law would bring institutional investment into tokenized real-world assets. In August, the SEC proposed a crypto fundraising framework that included exemptions for certain token offerings and a safe harbor from treatment as investment contracts. In September, the agency updated staff guidance on token buybacks, crypto networks and staking receipt tokens. The CFTC submitted a crypto market regulatory plan for White House review on Sept. 17, two days after the Senate failed to advance the CLARITY Act.

Morgan Stanley said it is among the first banks to tokenize real-world assets through the Depository Trust & Clearing Corporation’s (DTCC) Tokenized Services (DTS), converting U.S. stocks and Treasury securities into tokenized form. According to Odaily, DTS launched on October 28 and enables tokenized representations backed by securities held in custody by the Depository Trust Company (DTC), with the stated goal of improving liquidity, collateral liquidity and capital efficiency.

Lighter reported $72.9 billion in total October trading volume across its core platform and Robinhood Chain, alongside $4.09 million in fee revenue. According to Odaily, Lighter officials posted the figures in an operating report on X. The core platform recorded $53.8 billion in trading volume, while Robinhood Chain recorded $19.1 billion. Open interest totaled $1.41 billion at the end of October, including $1.03 billion on the core platform and $376 million on Robinhood Chain. Fees totaled $4.09 million, with $3.01 million from the core platform and $1.08 million from Robinhood Chain after Robinhood’s share was deducted. Lighter plans to apply to the U.S. Commodity Futures Trading Commission in November for designated contract market status and to complete registration as a derivatives clearing organization. The company expects to launch traditional options products by the end of the year.

OpenAI and Anthropic will establish dedicated war rooms for the first time to help ensure their platforms provide accurate information during the U.S. midterm elections. According to ChainCatcher, Semafor reported that Anthropic’s teams have been strengthening election-related safeguards and enforcing platform policies throughout the year; a dedicated team formed ahead of the election will monitor platform misuse and prepare to respond quickly to incidents. Technology companies began setting up election war rooms in 2018, when Meta created one to address the spread of election misinformation. Risks now also include deepfake videos and misinformation spread through AI search tools. Last week, Google’s AI Mode did not answer a question about who won the 2020 U.S. presidential election, and Google said it was working to fix the issue. Unpredictable AI outputs, recent cybersecurity issues, and AI search tools’ tendency to tailor answers to users’ expectations make monitoring and response more difficult. Katie Harbath, Meta’s former head of public policy, said war rooms allow teams to quickly assess and prioritize unexpected problems using established procedures.

Australia’s household spending rose more than expected in September, boosted by fuel, according to Bloomberg. The increase suggests demand remained resilient despite the Reserve Bank’s rapid-fire interest-rate hikes to curb inflation.

Grayscale believes the Binance asset theft will drive exchanges to continuously improve their security mechanisms. At the same time, the incident highlights the importance of institutional custody, with US-based crypto ETPs being a prime example.

If Democrats regain control of Congress, the Trump administration and large corporations could face more rigorous investigations. Subpoenas, document retrieval, and executive hearings are likely to become key tools of pressure, with banks, tech giants, and energy companies paying particular attention.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 3232, providing you with the latest and fastest news on the digital currency and blockchain industry.

We need to assess whether the Binance hack is a short-term shock or a long-term threat by examining its business model, corporate culture, and pricing.

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

From the elderly woman who made 500 million views in a stand-up comedy show to the AI ​​digital human that was taken down, Yu Jisheng dissects the bottom line for ordinary people to use AI to create IP, the methodology for creating hit products, and three monetization signals.

In just half an hour, Li Jiaqi's livestream sold nearly 100,000 Qianwen Office Monthly Cards, corresponding to approximately 2 trillion Tokens, marking the first time AI computing power has been made available to the general public.

According to calculations by JPMorgan Chase and Goldman Sachs, a Democratic sweep of both houses of Congress is the only scenario that would be detrimental to US stocks, with the AI ​​sector bearing the brunt.

The Hyperliquid ecosystem's first L2 network, Elysium, is about to launch its mainnet. PANews has compiled a list of 29 projects that have already joined the network, covering DeFi, LaunchPad, NFT, gaming, and prediction markets.