[Cango added 136.4 BTC this week, bringing total holdings to 6,394.3 BTC] U.S.-listed Bitcoin mining company Cango announced that this week's mining output was 136.4 BTC, increasing its total Bitcoin holdings to 6,394.3 BTC. Currently, Cango's mining hash rate is 50 EH/s.
[Garden Finance loses approximately $11 million due to solver attack] Garden Finance co-founder Jaz Gulati confirmed on the X platform that approximately $11 million was lost due to a solver attack. The team is currently investigating the root cause of the incident and working with security partners to track the event. Jaz Gulati emphasized that this incident did not result in any user fund losses and only affected a single solver, with no impact on the protocol itself.
[Bitdeer Adds 121 Bitcoins This Week, Total Holdings Reach 2,233.2 BTC] Bitcoin mining company Bitdeer has released its latest data. As of October 31, its total Bitcoin holdings have increased to 2,233.2 BTC (excluding customer deposits). Over the past week, Bitdeer mined 121 Bitcoins, sold 68.1 BTC, and had a net increase of 52.9 BTC.
[Zhoushan Dinghai Court Concludes Case Involving Tether-Related Cybercrime, Funds Exceeding 5 Million Yuan] The Dinghai Court in Zhoushan, Zhejiang, has concluded a case involving aiding cybercrime activities through Tether (USDT). The defendant registered multiple accounts on a foreign virtual currency platform and profited through joint-stock dividends and buying low and selling high with Tether. Despite being aware that the upstream transactions might involve illegal activities, the defendant still assisted in transferring criminal funds related to telecom fraud and other crimes, with a total amount exceeding 5 million yuan. The court deemed the circumstances severe and sentenced the defendant to fixed-term imprisonment and a fine. The confiscated 877,000 yuan in illicit funds has been returned to the victims.
[California Congressman Ro Khanna Proposes Ban on Politicians Issuing and Trading Digital Assets] California Democratic Congressman Ro Khanna has introduced a resolution supporting a ban on presidents, vice presidents, members of Congress, public office candidates, public officials, senior executive branch employees, and their immediate family members from issuing, sponsoring, or endorsing digital assets, including cryptocurrencies, stablecoins, NFTs, and more. Additionally, the resolution requires elected officials and their immediate family members to transfer digital assets to a blind trust and prohibits access to them during candidacy, tenure, and for two years after leaving office. It also mandates full disclosure of all cryptocurrency transactions. Given the Republican majority in the House of Representatives, the resolution is unlikely to pass, and even if it does, legislative procedures would still be required to incorporate its content into law.
[Hengyue Holdings Increases Holdings by 6.12 Bitcoins and Plans to Launch Prepaid Bitcoin Card] On November 1, Hong Kong-listed company Hengyue Holdings purchased 6.12 bitcoins for HK$5.242 million, increasing its total bitcoin holdings to 35.6 bitcoins. In addition, Hengyue Holdings plans to launch a prepaid bitcoin card and expand prepaid products to certain Asian markets through collaboration with local distributors.