1. In October, the US non-farm payrolls increased by 165,000, unemployment rate at 4.1%, better than expected data led to spot gold dropping over $30

The US released the October non-farm payroll data, showing an increase of 165,000 in employment, higher than the expected 65,000; the unemployment rate recorded at 4.1%, lower than the expected 4.2%. -Original

2. The People's Bank of China said it has jointly halted Solana's advertising and offline communication activities in Shanghai with local financial management, public security, and market regulation departments, and will investigate the parties involved

A person in charge of a relevant department of the People's Bank of China stated that the central bank has jointly halted Solana's advertising and offline communication activities in Shanghai with local financial management, public security, and market regulation departments, and will cooperate with relevant departments to conduct investigations on the involved units and individuals. Solana has been advertising, promoting its brand, and marketing virtual currencies through domestic entities. Solana issues Solana coins and provides technical services for the issuance and trading of virtual currencies like USDT, which are considered illegal financial activities. Promoting Solana violates relevant regulations. The People's Bank of China will focus on domestic virtual currency traders and domestic counterparts of overseas virtual currency issuance and trading platforms to crack down on domestic virtual currency-related business activities. -Original

3. BlackRock deposits 1,883 BTC worth approximately $143 million into Coinbase Prime via its subsidiary IBIT

BlackRock deposited 1,883 BTC, valued at approximately $143 million, into Coinbase Prime through its subsidiary IBIT. -Original

4. A whale address that had been silent for over a year continues to buy BTC, with a total purchase of 3,009 today, worth approximately $228 million

The whale address starting with 3Ps78, after being silent for over a year, continues to buy BTC, with a total purchase of 3,009 today, valued at approximately $228 million. -Original

5. The US Democratic Party plans to promote AI regulation legislation and enhance investigations into tech giants

The US Democratic Party plans to intensively promote AI regulation legislation after taking control of Congress in January, focusing on limiting the impact of data center expansions on electricity prices, requiring independent testing of AI models, and clarifying the legal responsibilities of AI companies. Senate Majority Leader Schumer has listed protecting consumers from rising electricity prices as a priority. Representative Lori Trahan plans to promote independent assessments of AI models. Representatives like Zoe Lofgren have requested that OpenAI, Anthropic, Meta, Alphabet, and SpaceX disclose security measures. Senior Democrats are reviewing a survey compiled by the think tank Groundwork Collaborative, which involves executives from various industries. Former President Trump opposes mandatory rules for AI and reiterates support for superintelligence (SI). The Democratic Party can push proposals through committee control, but to override a presidential veto requires a two-thirds majority in both houses of Congress. Raymond James' policy research director Ed Mills believes the likelihood of passing AI legislation is higher than market expectations. There are still disagreements within the Democratic Party regarding the scope of investigations. -Original

6. Hardware wallet company Foundation suffers a hack, exposing 21,500 customer email addresses

Hardware wallet manufacturer Foundation stated that attackers exploited vulnerabilities in Cal.com appointment software and Bank-Vaults to steal credentials, accessing customer records, email systems, and domain settings. The intrusion began on October 21, with attackers sending phishing emails to 21,463 email addresses on October 25. Leaked information includes names, home addresses, phone numbers, order records, customer service communications, and some payment card information. Scammers used the stolen purchase and payment information to call customers, tricking them into providing their Bitcoin wallet recovery phrases. Foundation stated that employee accounts and devices were not compromised, funds stored in Passport devices are safe, and it will reduce self-custody infrastructure in favor of custodial services. -Original

7. The rule allowing cryptocurrencies into 401(K) has been submitted for final review by the White House

The rule allowing cryptocurrencies into 401(K) retirement plans has been submitted to the White House for final review. -Original

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

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