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According to The Block, the DeFi Education Fund, Paradigm, Uniswap, and a16z led the submission of an amicus brief supporting the legal challenge by the crypto industry against Illinois' Digital Asset Tax Act. Aave Labs, Chainlink Labs, Figment, Phantom, Hyperliquid Policy Center, Solana Policy Institute, Stand With Crypto, and others co-signed the brief.The brief argues that the law is overly broad, imposes unfavorable tax treatment on transactions involving blockchain technology, and fails to clearly distinguish between taxable digital asset businesses and software and network infrastructure that helps users trade independently. It is estimated that 2.64 million residents in Illinois hold digital assets, ranking fifth in the nation.The law was signed by Illinois Governor JB Pritzker in June 2026 and imposes a 0.2% tax on digital asset transactions, originally set to take effect in January 2027 but postponed to July 2027. The Blockchain Association, Crypto Council for Innovation, and The Digital Chamber had previously filed a lawsuit against Illinois regarding this matter.

Liquid Capital founder Yi Lihua stated that the Binance black swan event and the significant victory of the Democratic Party in the United States have had a considerable impact on both the AI stock market and the cryptocurrency market. Investors need to continuously adjust their strategies based on the market environment. Although there have been multiple successful exits at the peak previously, it is still necessary to be cautious of prematurely bottom-fishing at this stage, to avoid catching a falling knife at the "halfway up the mountain."

According to a report by the Korean News Agency, Woo Ki-hyung, an official of the ruling Democratic Party of Korea, stated after the conclusion of the tax subcommittee of the National Assembly's Planning and Finance Committee that there is a consensus between the ruling and opposition parties on the postponement of the virtual asset income tax. The government proposed a two-year delay, and there is not much disagreement between the parties.

Stablecoin payment infrastructure service provider WasabiCard announced that it will participate in the Singapore FinTech Festival 2026, held from November 18 to 20, focusing on showcasing compliant white-label card issuance infrastructure for enterprises and fintech platforms.According to the introduction, WasabiCard supports enterprises in issuing virtual and physical cards under their own brand, providing features such as bulk card issuance, API integration, expense management, and transaction monitoring to meet payment needs in scenarios like advertising purchases, AI and SaaS subscriptions, daily corporate expenses, and global payroll. By collaborating with issuing institutions, banks, and payment processing partners, WasabiCard integrates compliance management into card issuance project design and daily operations, helping enterprises develop branded card businesses according to the requirements of different markets.During the exhibition, WasabiCard will be at booth 3G13 in Hall 3 of the Singapore Expo, discussing cooperation opportunities in white-label card issuance, embedded payments, and compliant operations with financial institutions, fintech platforms, and corporate clients.

Robinhood confirmed that it does not oppose its stocks being traded on the tokenized stock trading platform OKXICE, launched in collaboration with OKX and the parent company of the New York Stock Exchange, ICE, becoming the third company to explicitly state its non-opposition after Securitize and BitGo. According to the list disclosed by OKXICE on November 5, 56 out of the first 62 companies proposed for launch have already expressed opposition, accounting for about 90%.The 6 companies that have not publicly opposed are closely related to the cryptocurrency industry, including Robinhood, Securitize, BitGo, Circle, Coinbase, and Strategy. The platform intends to trade tokenized stocks through an automated market maker (AMM) based on the SEC's five-year innovation exemption mechanism, allowing token holders to enjoy the same dividends and voting rights as the underlying stocks, while the issuing company can raise objections within 30 days after receiving notification.

Crypto journalist Eleanor Terrett posted on the X platform that former House Financial Services Committee Chairman Patrick McHenry stated that the cryptocurrency industry missed the best opportunity to promote market structure legislation and establish a regulatory framework; he also admitted that he bears some responsibility for this.

Crypto journalist Eleanor Terrett reported that the list of issuers opposing the Intercontinental Exchange (ICE) and OKX tokenized stock trading platform continues to grow. Palantir, S&P Global, KLA, Super Micro, and Meta are the latest companies to raise objections.Currently, 67 issuers have filed objections, including 56 of the 62 companies initially proposed to be listed on the platform.

According to CoinDesk, the National Bank of Ukraine (NBU) stated that it does not support the current version of the draft for the legalization and regulation of crypto assets, calling on lawmakers to continue revising it before the final vote.The NBU supports advancing regulation by referring to the European Union's Markets in Crypto-Assets Regulation (MiCA) and recommendations from the International Monetary Fund, but believes that draft No. 10225-d still does not address its key concerns, and the final text was only delivered on Tuesday night, leaving insufficient time for review and lacking transparency in the legislative process.The NBU warned that foreign tokens not adequately regulated in their place of issuance may enter Ukraine, some of which could function as electronic money, threatening monetary sovereignty and financial stability, and bypassing requirements applicable to domestic similar assets. The NBU hopes to obtain the authority to assess and limit their use when necessary.Regarding market access, the NBU stated that a preliminary compromise had been reached to select three crypto trading platform operators through competition, but the final draft leaves the number of access points for the first five years to the discretion of the securities regulatory authority, raising concerns about monopolies and corruption risks. According to the draft, the National Securities and Stock Market Commission of Ukraine will become the main regulator, with a 5% transitional tax rate applicable to existing crypto assets until the end of 2028, and transactions between crypto assets explicitly exempt from tax.

The trading atmosphere in the Hong Kong stock market continues to heat up, with several concept stocks experiencing strong gains. According to data from the Gate platform's Hong Kong stock market, the top three stocks in terms of increase are: Jumbo Group (01920) up 24.13%, currently at HK$0.36; Yingmei Holdings (02028) up 18.35%, currently at HK$1.87; and Junda Co., Ltd. (02865) up 18.09%, currently at HK$14.10.Gate's stock trading services have covered five major markets: US stocks, Hong Kong stocks, Korean stocks, Japanese stocks, and Taiwanese stocks, supporting over 10,000 US stocks and ETFs, more than 1,500 Hong Kong stocks, over 1,000 Korean stocks, about 300 Japanese stocks, and 19 Taiwanese stocks, totaling coverage of more than 12,800 stocks and ETF assets globally.Gate allows users to participate in global stock trading using USDT in a one-stop manner and offers fractional trading starting from a minimum of 0.01 shares along with corresponding stock dividend rights. The platform also supports cross-brokerage transfer of US and Hong Kong stocks and accommodates corporate actions such as stock splits and consolidations, further optimizing the stock investment service experience.

Crypto journalist Eleanor Terrett posted on the X platform that three more issuers have joined the opposition against the tokenization of their stocks on OKXICE, namely the artificial intelligence cloud infrastructure company Nebius, Boeing, and the enterprise software company ServiceNow.The number of companies submitting objections has increased from 59 on November 3 to 62. Among them, Boeing and ServiceNow were on the initial list for OKXICE, while Nebius was not. Currently, out of the initially proposed 62 companies, 54 have raised objections.

In the U.S. midterm elections, the Democratic Party won control of both houses of Congress, prompting Israeli Prime Minister Benjamin Netanyahu to face fierce criticism from domestic political opponents. The opposition accused him of long publicly supporting the Republican Party, undermining Israel's traditional bipartisan support in the U.S., and using the election results to push for the formation of a new government without Netanyahu.Yair Golan, leader of Israel's center-left opposition party, stated that the election results reflect Netanyahu's negative impact within both the Democratic and Republican parties in the U.S. Centrist leader Yair Lapid warned that Netanyahu's continued rule would jeopardize Israel's security and international standing.U.S.-Israel relations may also face new pressures. With the Democratic Party controlling Congress, there may be pressure on Israel through hearings, oversight investigations, and budget measures. Previously, there had been a shift within the Democratic Party regarding support for Israel's military actions and U.S. aid, a trend exacerbated by the military actions jointly launched by Trump and Netanyahu against Iran. Meanwhile, Israeli President Isaac Herzog plans to meet with representatives from various parties on Wednesday and Thursday to initiate the process of forming a new government. Netanyahu currently remains in office as caretaker Prime Minister.

The tokenized securities trading platform OKXICE TSV released a public notice on November 3rd, stating that Home Depot, GE Vernova, and Apple have joined the ranks opposing the tokenized trading of their stocks on the platform.The number of companies submitting objections increased from 56 on November 2nd to 59. According to the SEC's stipulated 30-day window, the deadline for objections from companies notified on October 4th is November 3rd, and the platform has up to 5 business days to announce the objections.

According to the OKXICE announcement, its updated issuer objection list on November 2 has added Amazon, Tesla, SpaceX, Netflix, SoFi Technologies, and Lam Research. Compared to the version on October 30, the list has increased from 50 to 56 companies.OKXICE TSV is a joint venture platform owned 50% by ICE Holdings, a subsidiary of Intercontinental Exchange, and 50% by OKC USA, which plans to provide tokenized secondary trading of U.S. stocks, with trading pairs including payment stablecoins.

According to Cointelegraph, several major investment platforms in India are expanding their channels for investing in U.S. stocks to meet the growing demand for overseas asset allocation among local investors.The report states that the relatively weak performance of the domestic stock market, the depreciation of the rupee, and the lack of sufficient AI-related listed companies in the local market are driving Indian investors to seek investment opportunities in U.S. tech stocks.

According to crypto journalist Eleanor Terrett, the number of issuers opposing the tokenization of company stocks by OKX in its joint venture project OKXICE with the Intercontinental Exchange (ICE) has increased to 50. The latest companies to join the opposition include Nike, Costco, Micron, Reddit, and Nvidia.It is reported that OKXICE initially planned to tokenize the stocks of 62 listed companies, and currently, 50 companies have expressed opposition, accounting for approximately 80.6% of the total number of companies intended for tokenization.

According to Caixin, the Binance hacking incident may present opportunities for decentralized exchanges (DEX). Each time a major centralized exchange (CEX) experiences a sudden significant security incident or trust crisis, DEX and the entire DeFi sector tend to see a notable influx of capital and development opportunities, and this time is no exception.The advantage of DEX is that its security is guaranteed by computers and cryptography, preventing situations where malware is implanted or systems are breached due to social engineering attacks. The hard rules on-chain for DEX are strictly enforced, such as time locks and automatic circuit breakers. Even if hackers obtain the keys, they must still adhere to the rules set by the contracts.This security incident also once again sounds the alarm for "Not your keys, not your coins." A large number of users, due to concerns about the security of centralized custody, will withdraw their assets to personal cold wallets or on-chain non-custodial wallets. Once the assets flow back on-chain, the trading, liquidity mining, and wealth management demands of this portion of idle funds will be directly taken over by leading DEXs like Uniswap and Jupiter, driving a surge in DEX trading volume and total value locked (TVL) in the short term.