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U.S. Senator Cynthia Lummis gave a low assessment of the chances that crypto-related tax legislation will pass Congress this year. Lummis said Senate Finance Committee members were not eager to resume tax policy discussions during the lame-duck session after the midterm elections, and added it would be surprising if a digital-asset tax bill were handled during that session. Lummis also said that if talks on tax revisions restart, additional demands for amendments beyond the tax law passed last year could emerge.

A third dinner for holders of President Donald Trump’s meme coin, TRUMP, is scheduled for Nov. 22, CoinDesk reported. The top 185 TRUMP token holders are set to be invited to Trump National Private Club in Washington, D.C., with eligibility criteria to be finalized on Nov. 12. Three additional attendees are also expected to join President Trump at the event, although no further details were disclosed.

Coinbase announced it will support the token migration after Aerodrome Finance and Velodrome Finance said they will merge into a new token, AERO. The exchange said support will run from Nov. 2 through Nov. 4.

The spot CVD chart is an order-book analysis chart for the BTC/USDT spot trading pair. The upper section shows the volume heatmap, while the lower section represents cumulative volume delta, or CVD. - The upper volume heatmap tracks trading volume at each price level, and the background color becomes brighter when the price stays in a specific range for an extended period or makes a large move. Areas closer to brighter colors may act as support or resistance. - The lower cumulative volume delta indicator reflects buy and sell orders by order size, with the corresponding colored line rising as buy orders increase. The yellow line is based on orders worth $100 to $1,000, while the brown line reflects large orders worth $1 million to $10 million, among others.

Crypto wallet Phantom announced support for BNB Chain. Users can now check balances, send and receive assets, and trade BNB Chain-based tokens within the Phantom app without switching to a separate EVM-compatible wallet.

About 69.2% of roughly 2.9 million retail accounts on Polymarket’s global platform failed to break even, Galaxy Research said, according to Wu Blockchain. Their combined losses totaled $339 million. Among loss-making accounts, 15.2% did not trade again within 30 days, while that figure fell to 6.1% for profitable accounts. In addition, about 44.1% of all traders concentrated more than 60% of their activity on a single topic. Sports-focused traders accounted for 47% of all traders but posted the lowest return rate at 25.1%, while technology and science-focused traders, despite a smaller sample size, recorded the highest return rate at 41.2%.

Former Bitcoin Core developer Peter Todd has joined the MARA Foundation as chief maintainer of Slipstream, BitcoinNews reported. The MARA Foundation was launched this year to support Bitcoin security and open-source technology development. Slipstream is a private mempool service that lets users submit transactions directly to MARA’s mining pool without first broadcasting them to Bitcoin’s public P2P network.

According to CoinNess market monitoring, BTC has risen above $85,000. BTC is trading at $85,009.99 on the Binance USDT market.

Bitcoin is regaining relative strength against U.S. stocks, according to on-chain analytics firm Glassnode. Glassnode said the share of trading days in June when BTC’s daily return outperformed the S&P 500 fell to around 20%, the lowest level in the past six years. That figure has recently climbed back above 50%, while the stock market has moved sideways, suggesting Bitcoin is drawing asset-specific buying rather than rising in tandem with risk assets more broadly.

The Congressional Research Service said Congress could use legislation to more clearly define the scope of permitted bank activities involving Bitcoin and other cryptocurrencies, Bitcoin.com reported. CRS said federal regulators’ approach to banks’ crypto-related business has shifted with agency leadership and policy direction, and Congress can decide by law whether specific activities should be allowed or restricted.

StarkWare CEO Eli Ben-Sasson said LIT had been overcorrected after Robinhood recently announced it would offer crypto perpetual futures to U.S. users through Bitstamp rather than Lighter, Cointelegraph reported. Ben-Sasson said the token could reach $10 this year. According to CoinMarketCap, LIT was trading at $3.88, down 3.21%.

European crypto trading platform 21bitcoin has launched an interest payment service for euro balances, Bitcoin Magazine reported. The platform pays an annual interest rate of 1.21% on euro balances and also offers an option to receive interest in Bitcoin without conversion fees. The rate is variable, German withholding tax applies, and there is no minimum deposit requirement or lock-up period for withdrawals.

Crypto analyst Rekt Capital said Bitcoin closed its September monthly candle above $82,500 and is likely to retest the $82,500 area this month. If BTC confirms support at that level, the next uptrend could continue, although the retest process may bring high volatility and a temporary break below support, as in past cases.

Crypto analyst Doctor Profit said on X that excessive leverage in the altcoin market and a surge in trading volume prompted the analyst to close most open positions and prepare for a possible correction. Doctor Profit added that the analyst entered a short position on BTC at $86,200 and set additional short orders in the $86,500-$89,500 range, while maintaining a downside target of $79,000.

An attacker address tied to the $3.8 million hack of NEAR-based cross-chain intent protocol Near Intents showed signs of interacting with an address linked to North Korea’s Lazarus Group, PeckShield reported. The attacker was found to have transferred the stolen funds to KuCoin before bridging them into Bitcoin, while the address also had a record of interacting with a wallet labeled as tied to Lazarus Group that begins with 0x098B7.

ARK Invest CEO Cathie Wood said Kevin Warsh taking office as chair of the U.S. Federal Reserve would be a major positive for Bitcoin and that Wood still sees BTC reaching $1 million, according to The Bitcoin Historian.

The Litecoin Foundation has signed a memorandum of understanding with Graywick Digital to bring LTC to the Canton Network, CoinDesk reported. The two sides plan to pursue an integration that would allow Litecoin to be used as cLTC on the Canton Network.

The U.S. Treasury will allow states to submit conditional certificates to meet the initial application deadline even if state-level stablecoin rules are not yet fully in place, CryptoSlate reported. That means states that still need additional legislation or regulatory changes can still begin the certification process, although actual review will start only after complete application materials are submitted. A conditional filing does not count as the start of the 30-day review and decision period. The rule took effect on Sept. 30, according to CryptoSlate, but applications will not be accepted until the information-collection approval process under the Paperwork Reduction Act is completed.

Justin Sun, founder of Tron (TRX), said Nasdaq-listed Tron (ticker: TRON), a company accumulating TRX, has bought the token for 252 consecutive days, bringing its holdings to 716 million TRX, or about $238 million.

The Hyperliquid Policy Center urged European regulators to classify perpetual futures contracts as derivatives subject to the Markets in Financial Instruments Directive II, arguing regulation should be determined by a product’s characteristics rather than the underlying blockchain technology, according to CoinGape.

A U.S. court has dismissed a class action over the ME token against Magic Eden operator Euclid Labs and co-founder Zhuoxun Yin. The court said the wallet terms of service signed by users contained a valid class action waiver, stripping federal court jurisdiction over the case under the Class Action Fairness Act, and added it also lacked personal jurisdiction over Yin. The ruling applies only at the pleading stage. Plaintiffs had previously argued that the Magic Eden platform advertised the ME token as including cross-chain and buyback features, but later turned into a gambling platform, sending the token down more than 98%.

World Liberty Financial said on X it will launch a 1.25 million USD1 ($1.25 million) WLFI staking reward pool following a community vote. The initial 1.25 million USD1 will be deposited into the reward pool on Oct. 2 and distributed over 180 days. Users must stake WLFI for at least 180 days and participate directly in governance voting at least once every 90 days.

The Drift Foundation has begun claim and redemption procedures for DFX recovery tokens for victims of a security incident in April, according to Crypto Briefing. Losses from the hack were estimated at about $295.4 million. Victims can claim 1 DFX for each 1 USDT in verified losses, based on oracle prices at the time of the incident. DFX is a transferable token issued under Solana’s SPL standard and is separate from DRIFT, the protocol’s existing governance token. The claim deadline is Jan. 1, 2028, after which any unclaimed DFX will be burned.

European Union consumer authorities have launched an investigation into in-game paid currency sales practices, while excluding alternative payment methods such as cryptocurrency that use cryptographic technology, Decrypt reported. The authorities are investigating 10 game companies, including Activision Blizzard, Riot Games, Supercell and Ubisoft.

Latin America’s stablecoin ecosystem shows potential vulnerability because it relies on a small number of liquidity providers, according to a report by Veris Capital and Verda Ventures cited by Cointelegraph. The report said only 16 of the 494 companies surveyed focused on stablecoin-to-fiat wholesale liquidity, corporate treasury services, and credit provision. It added that if key providers lose access to banking services, local currency conversion costs could rise and withdrawals could be delayed or suspended. At the same time, the report said it did not obtain trading volume or market share data showing the actual degree of liquidity concentration.