Powell’s term as chairman expires in May 2026. His term as a governor expires in January 2028. Most legal experts say he cannot be removed without cause before the end of his term.

Of the approximately 20 voting entities, just four major holders controlled nearly 80% of the voting rights, all supporting the retention of the Sky brand.

The Federal Reserve cut its benchmark interest rate by 25 basis points to 4.50%-4.75%, the second consecutive rate cut in line with market expectations.

Coinbase International Station announced on the X platform that Coinbase International Station and Coinbase Advanced will add support for Raydium perpetual futures contracts. The RAY-PERP market is expected to open at or after 17:30 on November 14, 2024, Beijing time.

Members of the British House of Lords expressed support for the country's Digital Asset Property Bill at its second reading on Wednesday. The Lords Grand Committee generally agreed that the bill would provide more clarity on how the legal system treats cryptocurrencies and could mark another step in paving the way for the use of cryptocurrencies in the UK.

A fake app impersonating DeFi platform Curve Finance has appeared on the Apple App Store for the third time this year, once again targeting unsuspecting users. Despite previous warnings and removals, the app continues to land on the App Store, attracting a large number of downloads and ranking in the top few in the Finance category in multiple regions. The app disguised itself as a legitimate tool built for token swaps and liquidity staking in the store, resulting in many reports of financial losses and security issues in user reviews.

After the Dubai appearance, just one day before Trump's victory in the US presidential election caused cryptocurrency prices to soar and Zhao's estimated net worth to approach $53 billion, Zhao Changpeng reflected on his forced departure from Binance and his experience of serving a four-month prison sentence, during which he passed the time by exercising, writing a book and discussing cryptocurrencies with his cellmates. Zhao Changpeng said: "I don't think I want to go back to being the CEO of Binance. I have led the company for seven years. I enjoy this job. Although the work is heavy. But I think that chapter is over." In addition, Zhao Changpeng said that he even received an offer to sell his controlling stake in the exchange - these shares make up the majority of his personal net worth, but he refused to disclose who the buyer was or the price. Zhao Changpeng added: "I'm not saying that I will hold these shares forever. I am happy to review every offer, but I haven't done anything so far. But you know, I'm just an ordinary shareholder now."

After four months of silence, a whale withdrew 700 bitcoins (worth $52.46 million) from Kraken 15 minutes ago. Previously, the whale withdrew 200 bitcoins (worth $12.54 million) from Kraken, but deposited them again after the withdrawal.

Ethereum client Nethermind has launched a new Ethereum Layer 2 solution, Surge Rollup, focusing on performance.

Binance Futures will launch 1,000,000 MOGUSDT perpetual contracts at 20:30 on November 7, 2024 (ET), with a maximum leverage of 75x.

According to analysts at JPMorgan, both gold and Bitcoin are expected to perform well following Donald Trump's victory in the US presidential election, with a particular emphasis on the concept of the "depreciation trade". The term "depreciation trade" refers to an investment strategy that benefits from a depreciating or weakening currency, typically due to inflation or expansionary fiscal policy. In this trade, investors buy assets such as gold and Bitcoin, which are considered stores of value and retain their value even if the purchasing power of a currency declines.