Mike Selig Nominated for CFTC Chairmanship
The White House has nominated Mike Selig, an experienced figure in crypto regulation, for the chairmanship of the US Commodity Futures Trading Commission (CFTC). This appointment comes at a critical time when legislation to expand the CFTC’s authority over digital asset market regulation is being debated. Selig previously played an active role in developing crypto policies at the SEC and CFTC.
Strategy Purchases 390 BTC Worth $43.4 Million
Strategy purchased an additional 390 Bitcoin at an average price of $111,053, increasing its total holdings to 640,808 BTC. The company’s portfolio value reached $73.98 billion. This purchase raised its average cost per Bitcoin to $74,032.
American Bitcoin Purchased an Additional 1,414 BTC
American Bitcoin Corp. increased its holdings to 3,865 BTC by purchasing a total of 1,414 Bitcoin between September 1 and October 24. Some of these Bitcoin are held as collateral for mining equipment agreements. The company also strengthened investor value with a 52% increase in its “Satoshis Per Share” metric.
Swiss MP Wants to Include Bitcoin in Reserves
Swiss MP Kullmann is drafting legislation to add Bitcoin to national reserves with constitutional guarantees. The plan aims to increase the country’s financial independence and strengthen its crypto-friendly identity.
Bessent: Fed Chair Candidates Narrowed Down to 5
US Treasury Secretary Scott Bessent announced that Waller, Warsh, Hassett, Bowman, and Rieder are being considered for the Fed chairmanship. The final candidate is expected to be presented to President Trump after Thanksgiving.
Zelensky: Ceasefire Plan to Be Ready Within 10 Days
Ukrainian President Volodymyr Zelensky announced that a new ceasefire plan will be ready within the next 7–10 days. The plan aims to bring Russia to the negotiating table with the support of allied countries. Zelensky also requested Tomahawk-like weapons for defence against Russia.
Canada Accelerates Stablecoin Regulation
Canada plans to finalize its stablecoin framework in time for the November 4 federal budget. The Ministry of Finance is working to resolve uncertainty over whether stablecoins should be classified as securities or derivatives. It is also focusing on the risk of capital outflows for tokens pegged to the US dollar.
CZ: 1.44 Million BNB Burned in 3 Months
CZ announced that 1.44 million BNB were burned in the last three months, equivalent to approximately $11,000 burned per minute. This strengthens the token’s deflationary structure by reducing the BNB supply. CZ stated that the burn rate will continue in line with platform revenues.
Tesla Management Seeks Support for Musk’s $1 Trillion Plan
Tesla Board Chair Robin Denholm asked shareholders to support Elon Musk’s $1 trillion payment plan. Denholm emphasized Musk’s critical role in Tesla’s autonomous vehicle and Optimus robot projects. The shareholder vote will end on November 5.
Chicago Fed: Unemployment at 4.35%
According to the Chicago Fed’s current model, the US unemployment rate remained steady at 4.35% in October. This rate indicates that the job market is resilient despite signs of a slowdown during the summer months.
Vanadi Treasury Reaches 115 BTC
Spanish public company Vanadi Treasury purchased 3 more Bitcoin at an average price of €100,432, bringing its total holdings to 115 BTC. The company is expanding its long-term digital treasury plan by continuing its regular BTC purchase strategy.
X Removes Twitter.com Domain Name
X (formerly Twitter) announced that it will disable the twitter.com domain name within two weeks. Users who use security keys and Passkeys will need to reconnect their accounts via x.com. Otherwise, accounts will be inaccessible.
BitMine Holds 3.31 Million ETH and 192 BTC
Crypto mining company BitMine has disclosed that it holds 3,313,069 ETH (at an average cost of $4,164) and 192 BTC. It also holds $88 million worth of Eightco Holdings shares. The company has increased its ETH holdings by 77,000 units in recent times.
