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According to a report from the Beijing Daily client, the Market Supervision Administration of Haidian District, Beijing, investigated and handled the city's first illegal case of assisting pyramid schemes using blockchain and virtual currency technology, resulting in a technology company being fined and confiscated a total of over 930,000 yuan.The technology company involved is an outsourcing service provider for a certain public blockchain, offering support such as operations, market services, publicity and promotion, exchange docking, and maintenance. This public blockchain launched the "Atomic Plan" and "Hathaway Plan," which are centered around recruiting people for rebates, using the number of recruited individuals as the basis for rebates, and requiring participants to invest funds to obtain membership qualifications. Despite being aware of the pyramid scheme applications associated with this public blockchain, the involved company continued to provide technical operations, external publicity, and maintenance of virtual currency trading channels, facilitating the flow of funds and the spread of activities related to the pyramid scheme.Ultimately, the pyramid scheme activities of this public blockchain were investigated by public security authorities, the organizers were criminally detained, and the involved technology company was administratively punished with a total fine and confiscation of over 930,000 yuan for providing facilitative conditions.

CryptoQuant founder Ki Young Ju stated that the ETF engine has hardly operated this year, with net inflows close to zero from the beginning of the year to now, yet Bitcoin has only dropped 7%. In the context of weak ETF demand while prices remain strong, the likelihood of OG whales or miners selling off in large quantities seems low; those who wanted to sell may have already done so.Ki Young Ju expects that once the uncertainty of the U.S. midterm elections dissipates and ETF capital inflows resume, bullish momentum will return.

Federal Reserve Chairman Waller stated that political factors did not influence the Federal Reserve's decision to maintain interest rates. He emphasized that during discussions with colleagues, he did not hear any discussions about politics or elections, with the U.S. midterm elections scheduled for November 3.

The World Bank predicts that due to the impact of the Middle East war, global energy prices will rise by 32% in 2026, reaching the highest level in four years.

The cryptocurrency industry has spent approximately $176 million in this round of the U.S. midterm election cycle, covering over 100 elections, aiming to establish a bipartisan network of congressional allies to continue advancing legislative demands after Trump's departure. As of October 20, the super political action committee Fairshake and its affiliated organizations have spent about $150.8 million, with other cryptocurrency organizations spending around $25 million, major funders including Coinbase, Ripple, and a16z.Fairshake claims that among the 58 candidates it supported in primaries or special elections this year, 53 won. The organization supported bipartisan candidates in the House elections; after Senate Democrats blocked the CLARITY Act from reaching a final vote, it decided to support only Republican candidates in the Senate elections.The industry's spending in the Ohio Senate election has exceeded $68 million, focusing on long-time critic of the cryptocurrency industry Sherrod Brown, with related advertisements mostly avoiding mentioning cryptocurrencies and instead focusing on issues like taxes. Pushing for the passage of the CLARITY Act is a core goal of the industry, but the bill has stalled in this Congress. JPMorgan analysts indicate that without the bill, rules set by regulators during Trump's term may be overturned by subsequent administrations.

According to official news, the WCTC × Gate event market "Macro Prophet" activity has started and will last until November 25 at 16:00 (UTC+8), with a total reward value of 70,000 USDT. Eligible users who complete the WCTC S9 main event and register for this activity will be able to participate in the distribution of a reward pool valued at 20,000 USDT, provided that the daily effective trading volume in designated sectors related to the U.S. midterm elections and macro data reaches 200 USDT for at least 3 cumulative days.A separate cumulative trading volume leaderboard has a reward pool valued at 50,000 USDT, where users meeting the corresponding conditions can receive event market experience vouchers worth up to 8,250 USDT in total. The Gate event market has also launched a macro market special page, which visually displays the event probabilities, trading volumes, and market expectations for topics such as Federal Reserve interest rates, inflation, and employment, providing users with a reference for observing macro trends.Meanwhile, as of October 27, the total prize pool for the 11th phase of the Gate event market points activity has reached 70,049 USD, with the points prize pool being 11,074 USD and the lucky prize pool being 58,974 USD. The top position on the points leaderboard is expected to receive 4,152.75 USD. In conjunction with the ongoing League of Legends World Championship, Gate's "Summit Prediction Competition" is simultaneously offering a total reward pool valued at 150,000 USDT, covering initial predictions, phased trading tasks, canyon power rankings, and championship predictions, combining event result judgments with multi-stage participation tasks.

According to NPR, the prediction market platform Polymarket has launched an investigation into dozens of bets related to the U.S. midterm elections on November 3, focusing on potential insider trading and market manipulation. Sources say that at least two cases have been submitted to the U.S. Commodity Futures Trading Commission (CFTC).Shana Bautista, Polymarket's Global Intelligence and Investigations Director, stated that the company has formed a 16-person team and deployed a new election trading monitoring system that generates hundreds of risk alerts daily. The monitoring scope includes U.S. compliant platforms that require identity verification, as well as international platforms that allow anonymous cryptocurrency trading.The system integrates analysis of social media, data from the U.S. Federal Election Commission (FEC), cryptocurrency trading records, information from banking partners, and statistical models to identify abnormal accounts and trading patterns.

In the cryptocurrency industry, Coinbase ranks 5th among donation organizations with approximately 57.8 million USD, and 12th on the overall list; Ripple donated about 49.6 million USD, ranking 7th among donation organizations and 17th on the overall list; Gemini founders Cameron and Tyler Winklevoss donated a total of about 55.9 million USD, ranking 13th on the overall list; Foris Dax ranks 24th on the overall list with 39 million USD.

On the decentralized options platform Derive, a wallet purchased 800 Bitcoin call options with a strike price of $90,000 expiring on November 6, on October 20, with a nominal value of approximately $68 million, and netted about $940,000 by selling call options expiring in March and October 2027.Derive stated that this is the platform's largest open position in Bitcoin; the market's implied probability of Bitcoin breaking $100,000 before Christmas rose from 9.7% to 12%, indicating that some traders are betting on a rise in Bitcoin after the U.S. midterm elections.

According to Polygon, the Miden partner mainnet is now live and connected to Polygon's cross-chain aggregation layer Agglayer, which can access the liquidity of the entire blockchain ecosystem.Miden officials also announced that the network is operational on the partner mainnet.

US licensed brokerage and tokenized stock infrastructure service provider Alpaca tweeted that its entity Alpaca Clearing & Custody ME Ltd (Alpaca Middle East) has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) for its financial services license application.After obtaining the financial services license, Alpaca Middle East plans to provide brokerage services and virtual asset custody services within the scope of the final approval from the FSRA. Alpaca stated that in-principle approval is not equivalent to a financial services license, and Alpaca Middle East is not permitted to conduct regulated activities within or from the ADGM until the relevant license is obtained.

According to Catcher Predict's monitoring of on-chain data, there is a prediction of significant capital movement in the Polymarket market. A large whale invested $64,000 in the event "Power Balance: 2026 Midterm Elections" for the outcome "Republican Victory." Based on the current transaction price, the latest corresponding winning probability for this target is 8%.

According to CoinDesk, Peter Hughes, founder and CEO of global financial services company Apex Group, stated that if the United States continues to delay cryptocurrency legislation or fails to establish a clear and definitive regulatory framework for digital assets, it may lead to related businesses shifting to Asia, the Middle East, and Bermuda.He believes that these jurisdictions are advancing more quickly and have the opportunity to fill the regulatory void left by the United States.Hughes also mentioned that Europe will not benefit from this, arguing that its Markets in Crypto-Assets Regulation (MiCA) is evolving slowly and has many restrictions. The U.S. CLARITY Act did not receive the 60 votes needed to advance in the Senate in September due to controversies over ethical clauses and stablecoin rewards. The bill aims to clarify federal regulatory rules for digital assets and delineate the regulatory responsibilities of the SEC and CFTC.

Cryptocurrency analyst Ali Charts stated that as the U.S. midterm elections on November 3 approach, investors may overlook the recurring phenomenon of Bitcoin pullbacks observed in previous election cycles. He believes that this election may once again be accompanied by significant volatility, and the downside risk is worth noting, with a key focus on the lower price level of $73,000. According to his statistics, during the U.S. midterm election cycles in 2010, 2014, 2018, and 2022, Bitcoin experienced pullbacks of 72%, 65%, 52%, and 27%, respectively.However, he emphasized that correlation does not imply causation; the election itself may not necessarily be the reason for the decline, as these pullbacks are also influenced by the overall market cycle of Bitcoin, liquidity conditions, and investor sentiment. Fourth-quarter returns also exhibit similar characteristics: in 2014, 2018, and 2022, Bitcoin fell by 16.7%, 42.16%, and 14.75% in the fourth quarter, respectively. The only exception was in 2010, when it rose by 391%, but Bitcoin was still in its early development stage at that time. Therefore, in the past four midterm election years, three of those years recorded negative returns in the fourth quarter.Regarding the subsequent trend, Ali Charts indicated that the area around $73,000 is close to the average purchase cost of current short-term Bitcoin holders, which can be used to observe the positions of recent investors entering the market. He pointed out that in an established bull market, Bitcoin often finds support near the cost of short-term holders after experiencing a significant pullback. He believes that if selling pressure accelerates after the election on November 3, pushing Bitcoin back down to around $73,000, that area will become an important position to test whether buyers are still willing to maintain the overall bullish trend. If the price continues to rebound from that area, it will strengthen the bullish judgment; in terms of operations, he will wait for signs of selling pressure exhaustion and renewed demand before considering establishing long positions.

According to The Washington Post, based on data from the Federal Election Commission (FEC), the top 50 donors before the 2026 midterm election cycle have collectively contributed approximately $2.39 billion, with about $1.54 billion going to the Republican camp, about $590 million to the Democratic camp, and approximately $259 million to special interest groups.The cryptocurrency industry holds several positions among the major donors. Coinbase ranks 11th with approximately $57.7 million, while Gemini founders Cameron and Tyler Winklevoss have donated a total of about $55.3 million, placing them 12th; Ripple contributed about $49.6 million, and Foris Dax about $38.6 million. Among individual donors, Elon Musk leads with approximately $369 million, with his funds primarily directed towards super PACs and related organizations supporting Republican candidates.