Richard Farley, a partner at Kramer Levin Naftalis & Frankel, and Norm Champ, a partner at Kirkland & Ellis, are among the candidates to succeed Gary Gensler as chairman of the U.S. Securities and Exchange Commission, according to people familiar with the matter. Other people familiar with the matter said that Dan Gallagher, legal director of Robinhood Markets Inc., current U.S. Securities and Exchange Commission Commissioner Mark Uyeda and former Commodity Futures Trading Commission Chairman Heath Tarbert are also under consideration. Also in the running are former U.S. Securities and Exchange Commission Commissioner Paul Atkins and Robert Stebbins, a partner at Willkie Farr & Gallagher, the people familiar with the matter said.

L1 blockchain developer Pharos has raised $8 million in seed funding led by Lightspeed Faction and Hack VC, with participation from SNZ Capital as a strategic investor. Other investors include Reforge, Dispersion Capital, Hash Global, Generative Ventures, MH Ventures, Zion, and Chorus One. Pharos is building a new L1 blockchain specifically targeting fintech use cases such as real-time payments and real-world assets.

According to Whale Alert, Tether Treasury minted 1 billion USDT on Ethereum about 8 hours ago. Tether CEO Paolo Ardoino said this was an authorized but unissued transaction, which means it will be used as inventory for the next issuance request and on-chain exchange.

The U.S. SEC has again postponed its decision on whether to approve the New York Stock Exchange's (NYSE) request to list spot Ethereum ETF options. The SEC said in a filing that the delay is intended to allow for more analysis and public comments, particularly on whether the proposed rule changes comply with the requirements of the Securities Exchange Act. The SEC highlighted concerns about the proposal's potential impact on preventing market manipulation, protecting investors, and ensuring a fair trading system, which fall under Section 6(b)(5) of the Securities Exchange Act.

US President-elect Trump said: "I have no intention of selling my shares in TRUTH SOCIAL (his social media platform)."

Binance co-founder He Yi posted on the X platform: "I am not the final decision maker on the listing process. Some people are even asking if there is a process for futures listing. There is no application entry for futures listing, and the Binance futures listing fee is 0. Listing on Binance futures does not guarantee spot listing. If you find any suspicious information, please report it to our IA team."

BlackRock's iShares Bitcoin Trust (IBIT) has become the third-highest net inflow fund among US ETFs in 2024, attracting $26.174 billion. As of now, IBIT's annual return rate is 48.52%, and its assets under management have reached $30.1 billion, surpassing many traditional ETFs in both net inflows and performance. In addition, IBIT's annual return rate is almost twice the second highest return rate of other funds in the top ten fund flow rankings. However, IBIT's total assets under management (AUM) are more than ten times smaller than the other top four funds.

On Friday, an unknown entity launched a new Solana-based meme coin called "UPONLY" and sent 60% of its 1 billion supply to Jordan Fish (online pseudonym Cobie), a well-known crypto trader. However, Cobie announced that he had destroyed all the UPONLY tokens he received, and said that at the time of the destruction of these tokens, the value of these tokens had reached $17 million. "Someone created UPONLY tokens using Pump.fun and sent some to me. I destroyed the tokens they sent me and asked them to stop bothering me," Cobie said in an interview.

The U.S. Department of Justice (DOJ) has set up a website to collect statements from people affected by the 2016 Bitfinex hack. The initiative is designed to provide potential victims with an opportunity to speak out about how the criminal actions of Ilya Lichtenstein and his wife Heather Morgan affected them.

Bankrupt FTX has filed a lawsuit to recover at least $11 million from a Crypto.com account associated with its sister company Alameda Research. FTX claims that before filing for bankruptcy, Alameda registered an account on Crypto.com under the name Ka Yu Tin (aka Nicole Tin). According to the company, this practice is common among Alameda, which often opens accounts in the names of shell companies or employees to conceal its trading activities. However, FTX claims that Alameda funded and controlled the account.

Binance Futures will launch perpetual contracts with a maximum leverage of 75x at the following times: November 8, 2024, 23:30 (ET): GRASSUSDT perpetual contracts;

BIO Protocol’s model is similar to “Y Combinator for on-chain science”. BIO currently has seven BioDAOs. BIO Protocol is currently conducting the second round of BIO Genesis activities, where users can exchange $BIO with ETH or DeSci tokens.

Sky (formerly MakerDAO) said on the X platform that the new SPK token economics proposal is now available on the Sky forum. The proposal aims to regulate the issuance of Star tokens, and the first Star token SPK will be launched in the coming months. As stated in the proposal, the founding issuance of Star tokens will last for 10 years, with half of the issuance occurring in the first two years, and the issuance rate halving every two years thereafter. Like all future Star tokens, the total supply of SPK is 10 billion; 8 billion of which are allocated to three recipient types, namely USDS holders, activated SKY holders, and sealed SKY holders, and SPK is expected to be issued first in the coming months; in addition, 1 billion is allocated to liquidity bootstrapping and another 1 billion is allocated to contributor token grants. Both parts of the tokens will be managed by the governance team of each Star token, with rewards tied to milestones and performance, and liquidity tokens subject to transparency and reporting. Subject to the approval of the governance layer, this proposal aims to establish a clear and transparent framework for the issuance of each Star token within the Sky ecosystem.

The crypto industry has spent about $135 million to support more than 50 candidates in the 2024 U.S. election cycle, including Democrats and Republicans, incumbents and challengers, favorites and longshots. But they all have one thing in common now: victory. In the Nov. 5 election, all 48 candidates backed by the crypto industry’s largest political action committees had declared victory as of noon local time Friday. Of the eight elections still counting votes, candidates backed by the political action committees are leading in all but three.

MANTRA, a Layer1 blockchain focusing on RWA assets, has opened OM airdrop inquiries and announced the airdrop details. The total amount of airdrops is 50 million OM, of which 60% are allocated to KARMA pre-mainnet task participants, 12% to Galxe Season1 event participants, 8% to ATOM stakers to MANTRA nodes, 4% to Bad Kids NFT holders, 4% to Celestine Sloth NFT holders, 3.5% to Pudgy Penguins NFT holders, 3.5% to testnet validators, etc. In addition, MANTRA stated that the previous "3-month cliff period, followed by initial liquidity allocation and 9-month linear unlocking" will be changed to "shortening the cliff period to 1 month, followed by 11 months of linear unlocking."

South Korea's financial regulator will step up its monitoring of the market, paying particular attention to stocks associated with Donald Trump and the growing volatility in the cryptocurrency space. The decision comes after the recent U.S. election results and the Federal Reserve's latest Federal Open Market Committee (FOMC) statement. At a meeting of the Financial Supervisory Service (FSS) on November 8, FSS Director Lee Bok-hyun stressed the need to take strict measures against market manipulation and the spread of unfounded rumors if there is evidence to support it.

Charles Cascarilla, CEO and co-founder of New York-based blockchain platform Paxos, said at the Singapore Fintech Festival on Friday that Trump’s election created “a real opportunity for a golden age of cryptocurrencies.” He explained: “Trump’s campaign was built around a real crypto theme, where people thought that all this pent-up demand could be unleashed by the U.S. and turn the country from a laggard into a leader.”