According to Jin10, Australia's goods and services trade balance was A$2.826 billion in September, compared with expectations of A$810 million and a previous reading of A$495 million.

Australian Bitcoin holders are considering ways to limit the effect of planned capital gains tax changes that will take effect on July 1, 2027. According to Cointelegraph, the Australian government plans to scrap the 50% capital gains discount for investments, meaning crypto gains will generally be taxed at an investor’s full income tax rate, with only an inflation adjustment available. The change follows a system in place since 1999, under which asset owners paid tax on half their capital gains. The article says rates could reach 30% for income and gains between A$45,000 and A$135,000, 37% on the portion between A$135,000 and A$190,000, and 47% above that. Low-income earners who are not on welfare would face a minimum 30% rate. Swyftx CEO Andrea Yuen said inflation indexation is more beneficial for slower-growing assets than for cryptocurrency. Stockspot analyst Chris Brycki also said crypto could be among the least advantaged asset classes because much of its return comes from capital growth. Options discussed include recording portfolio values on July 1, 2027, when gains accrued before that date would remain subject to the existing discount, and voting for parties that have pledged to reverse the changes. The Coalition and One Nation have made that commitment, though the governing Australian Labor Party holds 94 of 150 House of Representatives seats. Another possibility is holding crypto through a self-managed superannuation fund. Collective Shift founder Ben Simpson said some of his high-net-worth clients use SMSFs, but investors generally cannot access those funds until retirement. Annual costs, audits and compliance requirements may make the structure unsuitable for smaller balances. Crypto holders may also borrow against Bitcoin rather than sell it, but loans can carry high interest, short repayment periods and liquidation risks if prices fall. Tax treatment may vary: Crypto Tax Australia director Adrian Forza said some decentralized finance transactions can trigger capital gains tax, while the Australian Taxation Office has not clarified the treatment of loans from some centralized lenders. Simpson cautioned that borrowing is a leveraged strategy and may suit only sophisticated investors. The article also notes that investors can consider other options, including establishing a company to trade crypto.

According to ChainCatcher citing CNBC, Fundstrat Managing Partner Tom Lee said the AI trade remains “very active” over time, and that communities want investment to flow in on their own terms. He said broader token adoption could make computing power scarce, push prices higher and bring bottlenecks into focus, while many states would welcome the investment. Lee also said cryptocurrencies are rising as Democrats, who opposed crypto legislation before the midterm elections, are now pushing to pass it.

Following the Democratic victory, Trump quickly expressed acceptance of the results and a willingness to cooperate, easing market concerns about escalating political conflict. However, the situation in Iran and energy prices remain uncertain. Some warn that the Democrats may ultimately implement policies that drag down the stock market.

A year that began with hope for China’s stock market has turned to disillusionment for its 250 million retail investors, Bloomberg reported.

An unidentified whale closed a $44.04 million CL long position at a $4.9 million loss over the past 10 minutes, according to on-chain analyst Ember. According to Odaily, the whale began going long on crude oil about two weeks ago and gradually increased the position to $148 million. After crude oil prices fell 14% this week, the position’s unrealized loss reached $15.08 million. The whale still holds a $94.79 million Brent Oil long position, with an unrealized loss of $8.35 million.

Elon Musk deleted an X post urging voters to support Republicans after Democrats won a sweeping victory in the U.S. midterm elections. According to Sina Finance, Musk had posted “Vote red today!” on Election Day, but the post disappeared from his X timeline hours after the results. On Wednesday morning, as the outcome became clear, he joked on X about his failed spending effort, writing, “Looks like my space lasers used to interfere with the election didn’t work this time,” and separately said that space data centers looked “quite enticing.” Musk, the CEO of Tesla and SpaceX, was the midterm elections’ biggest individual donor, spending more than $440 million to support Republican candidates. Texas, where he moved the companies’ registrations, was a key focus: he reportedly spent $224 million backing Republicans in the state. He also called James Talarico, a Democrat who was elected to the Senate, a “far-left extremist,” a “disgusting guy” and “an outright villain” in posts on X; those posts remained visible. The election results could have significant implications for Musk in areas including regulation, contracts and policy. On Wednesday, as investors assessed the results, Tesla and SpaceX shares fell, while data center companies’ stocks also declined.

Polymarket said 419 popular picks made the day before Election Day won among settled markets, a 98.4% rate; seven outcomes differed from the favorites, while 78 markets remained unsettled. According to Odaily, Polymarket also said its predictions in 10 key elections carried a 99% probability and came about 31 minutes before the median result announcement times of CNN, Fox News and the Associated Press. Its prediction for the Michigan Senate race came about four hours before major media outlets reported the result.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse Morning 8," issue 3233, providing you with the latest and fastest news on the digital currency and blockchain industry.

Despite the Democrats sweeping both houses of Congress, AI stocks initially fell before rising, indicating that the market is truly trading on the difference between expectations and regulations.

With Democrats gaining a majority in both the House and Senate, control over crypto legislation has shifted, and investigations into the Trump family's digital asset business will take priority over pushing for new legislation.

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

OFAC has added 10 individuals and 1 entity to its sanctions list to crack down on North Korea’s overseas IT personnel network and its cryptocurrency transfer channels.

The Democratic Party won both houses of Congress in the US midterm elections, marking Trump's worst political defeat since taking office.

Intel's stock price plummeted 28.58% in a single day, retreating more than half from its peak, dragging down the global semiconductor sector. The AI ​​narrative is shifting from buying computing power to demanding returns.

Initial reports of the $6.34 billion theft from Binance point to a fake interview, which North Korea denies, but the real mystery lies in the attackers' ten-day infiltration.

Wang Yongli explained the legislative process for stablecoins in the United States and pointed out that China should not follow suit by issuing RMB stablecoins, but should adhere to the main theme of digital RMB.