Bitcoin at Make or Break Level as China Suspends 24% Tariff on U.S. Goods

[Arthur Hayes: Democratic Victory May Impact U.S. Economic Policy] BitMEX co-founder Arthur Hayes stated that the Republican Party's defeat by the Democratic Party in the gubernatorial elections could prompt Trump and Treasury Secretary Besant to restart the money printer in 2026 to avoid Republican losses in the midterm elections. He advised investors to hold long positions in Bitcoin ($BTC) and Zcash ($ZEC). The Democratic Party's victories in the Virginia and New Jersey gubernatorial elections have regained political momentum, potentially paving the way for them to win control of Congress next year.

[Formula publicly reveals Binance live trading profits, ranked 4th and 6th all-time] On November 5, Formula publicly disclosed its Binance live trading smart money profit results. Two accounts respectively earned $16.21 million and $11.18 million, ranking 4th and 6th on Binance's all-time total profit leaderboard. The specific positions of the accounts have not yet been disclosed.

[Kiln Integrates Chainlink CRE and ACE to Support On-Chain Yield Products] Chainlink announced that the institutional-grade on-chain asset and yield management platform Kiln has integrated Chainlink Runtime Environment (CRE) and Automated Compliance Engine (ACE). Currently, CRE has been launched on Base, serving as the coordination layer to enable the automated execution of vault logic and settlement workflows. Chainlink ACE will provide KYC requirements and policy control support for specific vaults.

[Hong Kong Police Prosecute 16 Individuals in JPEX Case, Freeze Assets Worth HK$228 Million] Hong Kong police have launched an investigation into the unlicensed operation case of the 'Greenstone Digital Asset Platform' (JPEX). Since September 2023, a total of 80 people have been arrested, including 14 core members. On November 5, the police, for the first time, prosecuted 16 individuals under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, including core members such as Lin Zuo and related KOLs. The case will be brought to the Eastern Magistrates' Court tomorrow (November 6). The accused are charged with conspiracy to defraud, money laundering, and inducing investment in virtual assets. The police have identified two fugitive masterminds and one key member, issuing red notices through Interpol. As of now, the police have frozen approximately HK$228 million in assets. The case involves over 2,700 victims, with total losses exceeding HK$1.6 billion. The investigation is ongoing, and a second round of prosecutions may follow. Victims are advised to seek compensation through civil proceedings.

[UPBIT to Launch Intuition (TRUST) Today and Support Multiple Trading Pairs] UPBIT announced that it will launch Intuition (TRUST) trading services on November 5, 2025, at 20:00 (UTC+8). The platform will support trading pairs of TRUST with Korean Won (KRW), Bitcoin (BTC), and Tether (USDT). This move further expands UPBIT's asset trading range, providing users with more options.