Daily Report | Harris delivers a speech acknowledging defeat, urging supporters to fight for ideals; Trump accepts Biden's invitation to meet at the White House to discuss the transition of power; U.S. SEC files a motion for judgment against Kraken, questioning key defenses
November 7 News Overview整理：Luan Peng, ChainCatcher
Important News:
- Foreign Media: French Regulators Prepare to Ban Polymarket in the Country
- Binance to Launch BNSOL Super Staking
- US SEC Files Motion for Judgment Against Kraken, Questions Key Defense
- Trump Accepts Biden's Invitation to Meet at the White House to Discuss Power Transition
- SushiSwap Launches Linear Vesting Memecoin Launch Platform
- Harris Acknowledges Election Loss, Urges Supporters to Fight for Their Ideals
"What Important Events Happened in the Last 24 Hours"
Foreign Media: French Regulators Prepare to Ban Polymarket in the Country
According to The Big Whale in France, the French gambling regulator is preparing to ban Polymarket in the country.
The report states that the regulator's French abbreviation is ANJ, and it "is expected to ban access to the site in the near future." Sources indicate, "Polymarket is a form of gambling, which is not legal in France."
The regulator claims it is currently reviewing Polymarket's operations and its compliance with French gambling regulations.
Binance to Launch BNSOL Super Staking
Binance will launch BNSOL Super Staking for BNSOL holders. Users holding BNSOL in their Binance accounts and Web3 wallets will receive APR Boost airdrop rewards from time to time. The APR Boost airdrop rewards are additional tokens provided as a form of enhanced rewards on top of Binance's base annualized interest rate for SOL staking.
US SEC Files Motion for Judgment Against Kraken, Questions Key Defense
According to CoinGape, the U.S. Securities and Exchange Commission (SEC) has submitted a motion for judgment against the cryptocurrency exchange Kraken, focusing on questioning Kraken's "fair notice" and "significant issue principle" defenses.
This motion was initiated by a team led by SEC Chairman Gary Gensler, aiming to reduce the depth of scrutiny on its regulatory policies, particularly those related to the cryptocurrency industry. The timing of the motion has raised concerns in the industry, with some insiders viewing it as a strategic move by the SEC to avoid excessive examination of its regulatory approach.
Trump Accepts Biden's Invitation to Meet at the White House to Discuss Power Transition
According to Jinshi, on November 6 local time, the campaign team of Republican presidential candidate Trump, who previously announced victory in the 2024 U.S. presidential election, stated that Trump has accepted the invitation from current President Biden to meet at the White House to discuss the presidential power transition. The specific date for the meeting has not yet been announced, but a spokesperson for Trump's campaign indicated that the meeting "will take place soon" and stated that Trump "is very grateful" for Biden's congratulatory call on the 6th.
SushiSwap Launches Linear Vesting Memecoin Launch Platform
SushiSwap announced the launch of the Memecoin launch platform Vesting Launch, featuring linear vesting, where tokens will be gradually released to buyers who purchase within 24 hours of the token's creation. This ensures that buyers have the same experience as early purchasers, preventing snipers and pump-and-dumpers from ruining promising tokens in the initial hours after creation. Trading will be completely normal without any restrictions 24 hours after the token goes live. When purchasing tokens, the tokens bought by users will be released linearly within the first 24 hours after the launch. If a user buys 100 tokens 12 hours after the launch, their balance will show 50 tokens, and the dashboard will display the full balance after vesting.
SushiSwap stated, "The launch of linear vesting is just the beginning of our goal to make memecoin trading more fun and sustainable. Countless promising tokens have been sniped and dumped within minutes of their launch, ruining their chances of gaining an audience. We are addressing this issue."
Additionally, SushiSwap released a disclaimer: trading on the launchpad carries certain risks, including the possibility of losing funds. Always conduct your own research and understand the market before trading. Sushi does not provide any financial or legal advice and does not endorse any specific tokens, so please trade cautiously.
Harris Acknowledges Election Loss, Urges Supporters to Fight for Their Ideals
According to Jinshi, on the afternoon of November 6 local time, U.S. Vice President and Democratic presidential candidate Harris delivered a speech at Howard University in Washington, D.C.
Harris stated that she accepts the outcome of the election loss and will help Trump and his team complete the power transition peacefully. She told her supporters to accept her electoral defeat but urged them to continue fighting for the ideals she advocated during her campaign.
Kenya Collected Over $77 Million in Taxes from 384 Cryptocurrency Traders
Kenya Revenue Authority (KRA) Director Anthony Mwaura recently revealed that the Kenyan government collected approximately $77 million (10 billion Kenyan shillings) in taxes from 384 cryptocurrency traders during the 2023-24 fiscal year.
KRA plans to collect over $465 million in taxes solely from cryptocurrency traders. Overall, the agency aims to collect $15.88 billion in taxes over the next five years, with the cryptocurrency industry seen as an important target for taxation by the Kenyan government.
According to an official announcement, Binance contracts have updated the leverage and margin tiers for U-margined perpetual contracts including XRPUSDT, POPCATUSDT, TIAUSDT, MOODENGUSDT, GOATUSDT, SCRUSDT, JTOUSDT, TNSRUSDT, ENSUSDT, and PYTHUSDT as of November 7, 2024, at 08:30 (UTC). Please note that existing positions will not be affected.
Sun Yuchen: Very Optimistic About Market Prospects, Including ETH
TRON founder and HTX Global Advisory Board member Sun Yuchen posted on X platform, stating, "With the improvement of macro cryptocurrency policies, we are very optimistic about market prospects (including ETH). We believe now is an excellent time to continue accumulating and building, rather than selling."
CoinShares: Trump's Biggest Benefit to Cryptocurrency Will Be Through the Bitcoin Bill
According to Coindesk, CoinShares stated in a research blog on Wednesday that the Donald Trump administration may provide a more favorable environment for cryptocurrency, with one of the most anticipated developments being the potential passage of the "Bitcoin Bill."
CoinShares Research Director James Butterfill wrote, "The proposal will establish Bitcoin as a strategic reserve asset, with the U.S. government acquiring 5% of Bitcoin's total supply. This will give Bitcoin a status similar to that of gold." The report states that after gaining recognized status in national reserves, Bitcoin will also gain greater legitimacy.
CoinShares pointed out that Trump has consistently criticized the U.S. Securities and Exchange Commission (SEC) and its chairman Gary Gensler, particularly regarding the agency's stance on cryptocurrency. His administration is expected to appoint new SEC leadership, which could lead to a more cryptocurrency-friendly regulatory period.
"What Exciting Articles Are Worth Reading in the Last 24 Hours"
Coinbase Founder: Some Thoughts on the U.S. Election from a Cryptocurrency Perspective
"We only focus on candidates' positions on cryptocurrency and economic freedom, not which party they belong to."
With Trump's Victory, What New Opportunities Will Arise for Cryptocurrency and BTCFi?
This article focuses on the impact of the U.S. election on the cryptocurrency market, particularly the potential boost for prediction markets and BTCFi. By interpreting innovations in prediction platforms like Polymarket, DeFi, and BTCFi, it explores possible opportunities for crypto projects in terms of policy, regulation, and technology. The article also discusses the incentives for developer innovation from Bitcoin technology upgrades (such as OP_CAT) and their significance for the entire cryptocurrency market.
The performance of crypto venture capital has significantly lagged behind Bitcoin. Is crypto venture capital facing a dilemma? We analyze data since 2015 to find answers.
From AI Meme to AI Trader: Is This Year the Year of AI Agents in the Crypto Space?
From precise price predictions to fully automated trading strategies, projects like AlphaX are pushing the boundaries of AI applications, redefining the ways of value creation and exchange, and providing traders with unparalleled trading imagination and advantages.
Data Shines Bright, All Tracks Surge, What Do Institutions and Traders Think of the Market Outlook?
Following Trump's victory, the cryptocurrency market has recently experienced a massive surge. Bitcoin, Ethereum, Memes, Re-staking, DeFi, RWA, L2, AI—almost all major tracks you can think of have seen a surge, with the only difference being the magnitude of the increase.
So, how is the overall data performance of the cryptocurrency market now? Let's take a look.
