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U.S. Senator Warren stated that Jensen Huang's resignation does not exempt him from responsibility. Jensen Huang and NVIDIA still owe Congress an explanation. Congress must pass the artificial intelligence regulation bill. Rutnik also needs to provide an explanation regarding related matters.

U.S. Republican Senator Kevin Cramer accepted an interview with POLITICO and publicly called for Jensen Huang to resign as CEO of NVIDIA. He believes that Huang's extramarital affair poses a serious potential blackmail risk, especially considering that NVIDIA holds highly sensitive AI chip technology. Cramer stated, "The risk of being blackmailed is just too great; I think he must go."Cramer is a member of the U.S. Senate Banking Committee, which is reviewing several bills aimed at strengthening export controls on advanced AI chips. He believes that while it is certainly possible for NVIDIA's board to initiate an internal investigation, it is far from enough. Earlier that day, Larry Kudlow, the former director of the White House National Economic Council during Trump's first term, also publicly urged on Fox Business, "Mr. Huang, resign now." He believes this is a reasonable action for Jensen Huang to take at this time.As the controversy escalates, the U.S. Congress is also accelerating its scrutiny of NVIDIA's chip exports. The three bills under consideration by the Senate Banking Committee involve strengthening export approvals for advanced chips, tracking the destination of chips, and restricting the export of certain semiconductor manufacturing equipment. These bills are vying to be included in the annual National Defense Authorization Act and have not yet been fully passed.

Warren's committee assistant stated that she plans to focus on predicting market regulation and the Trump family's cryptocurrency business after taking charge of the Senate Banking Committee in January next year.

Senator Blumenthal sent letters to Binance, Tether, and Trump-associated cryptocurrency companies, requesting cooperation with ongoing investigations and the submission of documents.

Solana co-founder Anatoly Yakovenko stated that L1 teams should prioritize developing native products based on their own L1, rather than abandoning related directions due to external doubts.He also mentioned that achieving product-market fit is extremely difficult, and any product faces a high risk of failure; only by actually using their own blockchain to build products can they discover the functional gaps between their ecosystem and competitors.

Former Democratic Senator Sherrod Brown defeated incumbent Republican Senator Jon Husted in the Ohio Senate seat race, reclaiming the Senate seat, which poses a setback for the cryptocurrency political action committee Fairshake. Earlier this year, Fairshake invested $30 million in the Ohio campaign, explicitly targeting Brown. The crypto PAC and the broader cryptocurrency industry played a significant role in the 2024 elections, spending millions to influence political outcomes.This is not the first time Fairshake has funded efforts against Brown. Brown previously served as the chairman of the Senate Banking Committee, leading the cryptocurrency-related agenda and calling for action against the use of cryptocurrencies to fund terrorism and evade sanctions. In 2024, Fairshake invested $12 million to support pro-crypto Republican Bernie Moreno in challenging Brown, successfully defeating him. With the Democrats regaining control of the Senate, Brown may become the chairman of the Senate Agriculture Committee, which has jurisdiction over digital assets and prediction markets. Sources previously told The Block that if Brown takes the position, he is unlikely to push for any cryptocurrency legislation.Husted received support from the cryptocurrency advocacy group Stand With Crypto, having voted in favor of several cryptocurrency bills, including the broad cryptocurrency legislation "Clarity Act," and received an A rating from the organization, while Brown was rated F. Other candidates supported by Stand With Crypto include New Hampshire Democrat Chris Pappas, who won his campaign. Additionally, Democratic Senators Cory Booker and Mark Warner both successfully secured re-election, both of whom were involved in cryptocurrency legislative negotiations. Texas Democratic Senate candidate James Talarico received an A rating for his previous pro-crypto statements and voting to support the establishment of a strategic Bitcoin reserve in the state, defeating Texas Attorney General Ken Paxton on Tuesday.

Democratic senators in the U.S. Senate have accused Elon Musk's social media platform X of giving preferential treatment to the prediction market Polymarket. Nevada Democratic Senator Catherine Cortez Masto, California Democratic Senator Adam Schiff, Nevada Democratic Senator Jacky Rosen, and Connecticut Democratic Senator Richard Blumenthal wrote in a joint letter first disclosed by Semafor that typically, X allows users to report ads for various reasons. However, when users attempt to report Polymarket's ads through X's standard interface, they are unable to select the report option. Other types of ads, including those from Kalshi, do not have this issue.This letter, which includes screenshots, claims that this seemingly unfair special treatment raises questions about whether X is trying to provide Polymarket with an improper competitive advantage, thereby benefiting the U.S. President and his family. Donald Trump Jr. has invested in Polymarket and serves as an advisor to the platform.

U.S. Senator Bill Hagerty stated in an interview with Bitcoin Magazine that the only solution for some members of Congress regarding the cryptocurrency industry is central bank digital currency (CBDC), which is "completely incompatible with freedom." He believes that the ambiguity of regulations allows former SEC Chairman Gary Gensler to take enforcement actions against the cryptocurrency industry, while the government's light-touch regulation helps foster innovation.The interview also covered the follow-up progress of the Clarity Act, the debate between Democrats regarding ethical clauses and stablecoin incentives, the regulatory division of labor between the SEC and CFTC in the absence of congressional legislation, and the impact of the GENIUS Act on payments and settlements. Hagerty also discussed the role of stablecoin demand in U.S. Treasury bonds and the dominance of the U.S. dollar.Regarding Bitcoin reserves, the interview discussed expanding the U.S. strategic Bitcoin reserves and related topics concerning 200,000 Bitcoins; it also touched on the American public's concerns about cryptocurrency, Bitcoin mining and Tennessee Valley Authority (TVA) energy construction, Bitcoin businesses in Nashville, and the legislation that Congress could promote before the new session in January.

Y Combinator, a startup incubator, released a report on the direction of cryptocurrency startups, focusing on stablecoins, asset tokenization, and AI Agents. The report states that over the past year, cryptocurrency applications have been led by institutions rather than consumers for the first time, with the main driving force shifting from speculation to actual financial needs such as hedging oil price risks and cross-border capital transfers for businesses.The report predicts that stablecoins, as well as assets like stocks, debts, commodities, and property rights, will be further tokenized. New types of assets, such as equity in startups and small securities valued under $10,000, will also be issued via blockchain, promoting financial services like trading, lending, and derivatives. AI Agents will become one of the main participants in financial activities.In the next six months, the report focuses on using blockchain to finance the AI industry, new types of dollar stablecoins and non-dollar stablecoins targeting niche markets, new banks based on stablecoins, tokenization of real-world assets, new trading platforms and trading interfaces, as well as AI Agent trading and related API infrastructure. The text mentions that blockchain technology and stablecoins may pose a threat to traditional stock exchanges and banking systems.

U.S. Senator Cynthia Lummis posted on the X platform, stating that the Democrats previously requested to lower the annual fundraising cap for Regulation Crypto from $75 million to $50 million and to add a $200 million lifetime fundraising cap.Cynthia Lummis stated that the relevant parties have agreed to these two requests and included them in the CLARITY Act, but at the same time, she accused the Democratic lawmakers of ultimately voting against the rules she had previously drafted, which aimed to protect retail investors.

U.S. Senator Richard Blumenthal has launched an investigation into the payment of approximately $6.3 million by the stablecoin issuer Tether to the consulting firm Nxum. Nxum was co-founded by former White House cryptocurrency advisor Bo Hines, who holds one-third of the company's shares. On October 22, Blumenthal sent a letter to Tether CEO Paolo Ardoino, requesting the contracts between the two parties, cryptocurrency payment records, wallet addresses, and communication content.Tether is accused of paying Nxum $415,000 per month since May 2025 for strategic communications, lobbying, and public relations services. Blumenthal pointed out that Bo Hines, while serving as the executive director of the White House Digital Assets Advisory Committee, still held shares in Nxum and coordinated affairs with the company through encrypted communication applications. He also questioned whether Tether transferred cryptocurrency through the marketing company Notorious and then allocated funds to Nxum shareholders. Tether began directly contracting with Nxum after August 2025 and hired Bo Hines to oversee the newly established U.S. operations. Blumenthal has requested that Tether, Nxum, and related parties respond by November 6, noting that the relevant allegations have not yet formed a legal determination, and Tether has not publicly responded.

According to Catcher Predict monitoring, in the Polymarket prediction market for the event "NATO and Russia Military Conflict," the sub-market "December 31" option "Yes" has experienced a dramatic fluctuation in winning probability, dropping from 49% an hour ago to the current 17.5% (a fluctuation of 31.5%). Please note the impact of related breaking news.

The super political action committee Digital Freedom Fund, initiated by Gemini co-founders Cameron Winklevoss and Tyler Winklevoss in 2025, submitted documents to the Federal Election Commission on Tuesday, reporting for the first time advertising expenses exceeding $81,000 to support Republican candidate Ken Paxton's campaign for the Texas Senate seat, while opposing Democratic candidate James Talarico. Early voting in Texas began on October 19, with Election Day on November 3.As of September 30, the PAC has raised approximately $34 million, and its expenditures are not limited to Texas. Documents show its involvement in the Ohio Senate race between Republican candidate Jon Husted and Democratic candidate Sherrod Brown, bringing its total support for Husted to about $7 million. Another crypto industry PAC, Fairshake, also reported over $13 million in direct mail advertising expenditures this week, with approximately $9 million supporting Husted and over $4 million opposing independent candidate Dan Osborn in the Nebraska Senate election.These expenditures indicate potential support for candidates who favor crypto policies and legislation. Prediction contracts from Kalshi and Polymarket suggest that Democrats are favored to regain majority control of the House and Senate by 2027, and the majority party in both chambers will influence the legislative process for bills like the Digital Asset Market Structure Act, which failed to pass procedural voting in the Senate last month. Paxton previously defeated incumbent Senator John Cornyn in the May Republican primary, receiving over $500,000 in advertising support from the Fellowship PAC, backed by Anchorage Digital and Cantor Fitzgerald, with the funds executed through the Nxum Group co-founded by Bo Hines.

The smart trading system Instinct, supported by Y Combinator, is officially launched. This platform aims to open the research and trading capabilities of professional investment institutions to individual traders.The Instinct team members come from organizations such as Squarepoint Capital, the European Particle Physics Laboratory, and the Quantum Computing Center at the University of Southern California. The platform integrates fragmented financial tools and information links through independently operating intelligent agents, capable of processing massive amounts of market data, information, and market sentiment in parallel, automatically discovering cross-market opportunities, building trading tools, and executing trades.With this system, individual traders can cover more niche and specialized investment scenarios, achieving more flexible strategy layouts.Officials believe that the future investment model will shift to individual traders operating in conjunction with AI agent teams, and it is anticipated that within two years, there may emerge single-person investment institutions managing up to 1 billion dollars.

On October 8, 2026, Senator Richard Blumenthal, the chief member of the minority party of the U.S. Senate Permanent Subcommittee on Investigations, sent a letter to Cantor Fitzgerald Chairman Brandon Lutnick, requesting the preservation of documents and answers regarding the company's relationship with the stablecoin issuer Tether. The deadline for responses to the five-page letter is October 23, 2026. This request comes from the minority party of the subcommittee, is part of an investigative inquiry, and is not a law enforcement order, nor does it constitute a determination against Cantor, nor does it alter the operation or redemption of USDT.The letter states that since President Trump took office again, the valuation of Cantor's 5% stake in Tether has risen from $600 million to an estimated $10 billion, with Cantor earning tens of millions of dollars each year for holding assets on behalf of Tether; former Cantor Chairman and current Secretary of Commerce Howard Lutnick has profited over $250 million during the same period, including a $192 million distribution from Cantor. The page notes that the above content reflects allegations and estimates made by the senator, and does not represent conclusions drawn from this request. Blumenthal also wrote that Tether claims to operate in El Salvador, but the vast majority of its assets are in the U.S., held by Cantor.

Senior Democratic member of the U.S. Senate investigators, Senator Richard Blumenthal, is continuing to investigate the financial relationship of the stablecoin issuer Tether and has written to Cantor Fitzgerald CEO Brandon Lutnick, requesting information regarding the relationship between the two companies.Brandon Lutnick is the son of U.S. Secretary of Commerce Howard Lutnick. After Howard Lutnick joined President Donald Trump's administration, Brandon Lutnick took over his leadership role at Cantor Fitzgerald. Cantor Fitzgerald holds and manages Tether's reserve assets in the U.S., and there are several other business interests between the two parties.

U.S. Senator Steve Daines (Republican from Montana, member of the Senate Finance Committee) has officially introduced a 56-page digital asset tax bill, named the "Aligning Digital Assets with Tax Principles Act" (ADAPT Act). The bill aims to establish clearer tax rules for scenarios such as stablecoin payments, network fees, staking, and lending, and plans to extend existing tax rules like wash sales and constructive sales to apply to digital assets.The core provisions of the bill state that taxpayers generally do not need to recognize gains or losses when using compliant U.S. dollar stablecoins to purchase goods and services, while exempting brokers from information reporting obligations for qualifying consumer transactions; however, this exemption does not apply to traders and market makers. The bill also extends wash sale rules and constructive sale rules to digital assets, with compliant stablecoins excluded from the constructive sale provisions to limit loss harvesting behavior in crypto assets.Additionally, the bill proposes to exempt digital assets used to pay for network, transaction, or gas fees of $10 or less from gain or loss recognition and allows qualifying digital asset traders and dealers to choose to account for them at fair market value. The bill also stipulates rules for income sources from staking and mining, a non-recognition framework for digital asset lending, a safe harbor for foreign investors' transactions, and definitions for digital asset classifications; most provisions will apply to tax years or transactions after December 31, 2026. Previously, the U.S. House Ways and Means Committee passed its own "Digital Asset Tax Certainty Act" on September 16 by a vote of 38 to 5.

The stablecoin giant Tether's Tether AI Research today released QVAC Genesis III, a synthetic training dataset aimed at the fields of science, technology, engineering, and mathematics, with a scale of 19.143 billion tokens, covering 159.6 million documents.It is reported that Tether hopes to enhance the reasoning and teaching capabilities of small AI models, allowing more AI assistants to run directly on laptops, mobile phones, and local servers, reducing the ongoing reliance on large cloud models.Genesis III continues the data lineage of Genesis I and Genesis II, covering 19 curriculum-related fields including biology, chemistry, physics, mathematics, computer science, medicine, electrical engineering, and machine learning, aimed at high school, university, and professional applications. Tether states that the dataset will focus on training models to explain problem-solving paths, identify erroneous reasoning, and provide corrections, rather than just outputting final answers.According to Tether's disclosed test results, a 1.7 billion parameter model trained with Genesis III option-level data achieved an effective answer rate of 99.45% in relevant benchmark tests. Compared to the Cosmopedia-v2 training model of similar token scale, Genesis III improved scores on the ARC-Easy, ARC-Challenge, and MMLU STEM benchmarks by 28.57, 21.35, and 15.03 percentage points, respectively.