AICoin Daily Report (November 2)

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21 hours ago

1. Bitcoin Falls Nearly 5% in October, First Decline in Six Years

2. Ethereum Fusaka Upgrade Scheduled for Mainnet Activation on December 3

Former Ethereum core developer Christine Kim released the summary of the 168th Ethereum consensus layer core developer meeting. The meeting confirmed the schedule for the Fusaka upgrade mainnet activation, proposing to activate Fusaka on December 3, with BPO #1 and BPO #2 scheduled for activation on December 9 and January 7, 2026, respectively. Additionally, the meeting discussed eight EIPs, including EIP 7688 introducing a new data structure, EIP 8045 preventing reduced validator proposals for blocks, and mentioned the impact of certain proposals on Ethereum staking protocols and services. -Original

3. New Hampshire Delays Review of Cryptocurrency Mining Regulation Relaxation Bill

On November 1, the New Hampshire Senate Commerce Committee voted on House Bill 639, which aims to relax regulations on cryptocurrency mining. However, the vote resulted in a deadlock due to differing opinions. The bill seeks to prohibit municipal officials from imposing restrictions on cryptocurrency mining activities and to prevent state or local governments from levying special taxes on digital assets. Ultimately, the committee decided by a vote of 4 to 2 to send the bill for further review in a midterm study. Several senators noted that public feedback on the bill has significantly increased since the last debate. -Original

4. Bitcoin Production Cost Rises to $112,084, Mining Companies Under Pressure

Latest data shows that the production cost of Bitcoin has risen to $112,084, having previously reached a high of $115,098.12 on October 9. The continued rise in costs may significantly impact Bitcoin mining companies, particularly in terms of sales and administrative expenses. Analysts point out that mining companies need to take measures to reduce operating costs to cope with current profit pressures and maintain business stability. -Original

5. Musk Says X's New Messaging App Design Inspired by Bitcoin

Elon Musk stated in a conversation with Joe Rogan that the design of the new messaging app on the X platform is inspired by Bitcoin. The app may embody the concept of decentralization. -Original

6. ARK Invest's Cryptocurrency Investments Exceed $2.15 Billion, Holdings Increase to 2.27 Million

ARK Invest has increased its holdings in Bullish by 105,000 shares, valued at $5.3 million, bringing its total holdings to 2.27 million shares, with a market value of $114 million. Its cryptocurrency investment scale has now exceeded $2.15 billion. -Original

7. Federal Reserve Governor Milan Says Rate Cuts May Occur Again in December

Federal Reserve Governor Milan stated that based on current forecasts, there may be another rate cut in December. He noted that restrictive monetary policy could pose risks to the labor market. Milan's remarks reflect ongoing concerns within the Federal Reserve regarding the economic outlook and policy adjustments. -Original

The above is a selection of hot topics from the past 24 hours. For faster news, please download AiCoin (aicoin.com)

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