[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.

[Suspected Bitmine or SharpLink Address Increased Holdings by 9,272 ETH] On November 1, according to Onchain Lens monitoring, approximately 40 minutes ago, a newly created wallet received 9,272 ETH worth $35.77 million from Galaxy Digital. The address may belong to Bitmine, the largest Ethereum holding institution, or SharpLink, the second-largest Ethereum holding institution.

According to AiCoin monitoring, a large amount of funds flowed out of the US spot BTC ETF market yesterday, with a net outflow of up to $179 million. Among them, ARKB was the largest outflow, with a daily net outflow of $0 million; Next is BTCO, with a total of 0 million US dollars. According to the "Spot BTC ETF Tracking" real-time trading strategy developed by AiCoin, there is a significant positive correlation between the inflow of ETF funds and BTC prices. Subscription indicators can be used to automatically place orders based on the flow of funds in the program. Data for reference only