AICoin Daily Report (November 6)

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11 hours ago

1. Trump Claims Zhao Changpeng's Pardon Went Through Strict Review Process

White House Press Secretary Karoline Leavitt stated on Tuesday that the pardon of Binance founder Zhao Changpeng had passed a standardized and rigorous review process before being submitted to President Trump's desk. Previously, Trump defended his decision to approve Zhao's pardon during an interview with CBS News' "60 Minutes," emphasizing that he does not know Zhao and referred to the prosecution of Zhao as "political persecution by the Biden administration." Leavitt added that Trump's remarks were intended to indicate that he has no personal relationship with Zhao. She also noted that the pardon process was handled with "extreme seriousness" and criticized the "weaponized Department of Justice" for over-prosecuting Zhao, which aligns with Trump's criticism of the previous administration's handling of the case. -Original

2. Federal Reserve Governor Mulan: Continuing Rate Cuts Remain Reasonable

On November 6, Federal Reserve Governor Mulan stated that continuing rate cuts remain reasonable. -Original

3. Gold Price Correction Ends, May Rise to $4,700/oz

The Thai Finance Minister stated that they will strengthen the regulation of cryptocurrency, gold, foreign exchange, and cash transactions to ensure the standardization and transparency of related transactions. -Original

4. Mastercard Invests $2 Billion to Promote Cryptocurrency Development

Mastercard announced a $2 billion investment in the cryptocurrency sector, which may drive traditional finance to operate around the clock and change the operational model of the banking industry. -Original

5. Bitcoin Spot ETF Trading Volume Exceeds $1 Billion in 30 Minutes After Opening

The Bitcoin spot ETF saw trading volume exceed $1 billion within 30 minutes of opening today, indicating strong market demand for the product. -Original

6. Fidelity Bitcoin ETF Sees Outflow of 3,552 BTC, Valued at $365 Million

Fidelity's Bitcoin ETF experienced a net outflow of 3,552 BTC, valued at approximately $365 million, and currently holds 201,225 BTC, with a total value of about $20.67 billion. Fidelity's Ethereum ETF saw a net outflow of 6,237 ETH, valued at approximately $2.089 million, and currently holds 738,962 ETH, with a total value of about $2.48 billion. -Original

7. U.S. Senator Suggests Community Banks Embrace Bitcoin and Cryptocurrency

U.S. Senator Cynthia Lummis stated that community banks should actively embrace Bitcoin and cryptocurrency to promote financial innovation and accessibility. She believes that 2026 will be an important year for Bitcoin adoption. -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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