Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Planet Morning News
2025-11-07 01:30

1. JPMorgan Chase: Bitcoin price will reach approximately $170,000 within the next 6 to 12 months;

2. Fitell Corporation has completed a $50 million funding round and plans to convert the proceeds into stablecoins;

3. The Ethereum Foundation released a Fusaka upgrade announcement: mainnet activation is planned for December 3rd;

4. World Gold Council: October's average daily trading volume in the gold market hit a record high;

5. Cryptocurrency trading app Fomo completes $17 million Series A funding round, led by Benchmark;

6. Cathie Wood reduced her bullish expectations for Bitcoin to $1.2-1.5 million due to concerns that stablecoins might seize some market share;

7. Federal Reserve's Goolsby: Remain cautious about interest rate cuts due to a lack of reliable inflation data;

8. Robinhood is considering adding BTC to its corporate treasury;

9. Circle has minted 5.25 billion USDC on the Solana chain since the "1011 crash";

10. Tether holds over 87,000 BTC, making it the sixth largest BTC wallet. The average purchase price was approximately $49,000, resulting in a floating profit of $4.549 billion.

11. Elixir: 80% of deUSD redemptions have been successfully processed, ensuring that deUSD will be redeemed at a value of $1, following sdeUSD. Claims are open today.

12. The SBF account reiterates that FTX has the ability to repay its debts, but the debtor's withholding of funds prevents normal compensation payments;

13. More than 75% of Tesla shareholders voted to approve Musk's "trillion-dollar compensation plan," which would give him $878 billion in compensation incentives over 10 years.