The idea of direct household payments, even hypothetical, revived the same risk-on reflex that drove digital assets during the pandemic-era stimulus rounds.

[Japan Financial Services Agency Proposes New Regulations Requiring Crypto Custody Service Registration] The Japan Financial Services Agency (FSA) is considering introducing a new regulatory framework that would require digital asset custodians and transaction management service providers to register with the authorities before offering services to cryptocurrency exchanges. This topic was discussed at the Financial System Council working group meeting on November 7, aiming to close regulatory gaps and prevent incidents like the 2024 DMM Bitcoin hack, which resulted in losses of approximately $31.2 billion. The FSA plans to compile the discussion results and intends to submit an amendment to the Financial Instruments and Exchange Act during the regular parliamentary session in 2026.

[Rising Bond Yields in Europe and the U.S., Progress on U.S. Government Shutdown Resolution] Eurozone and U.S. government bond yields rose on Monday as the U.S. Senate advanced measures to end the federal government shutdown. The yield on Germany's 10-year government bond rose by 2.5 basis points to 2.699%, hitting its highest level since October 9. The yield on the U.S. 10-year Treasury note increased by approximately 4.5 basis points to 4.139%, while the 2-year Treasury yield rose by 4 basis points to 3.599%. Commerzbank interest rate strategist Rainer Guntermann stated that improved risk sentiment and reduced concerns about economic damage are putting pressure on the bond market. The yield on the U.S. 10-year Treasury note may rise to the upper end of its range, and the yield curve is steepening.

[OCBC Bank: Gold May Benefit from U.S. Government Restart] Vasu Menon, Managing Director of Investment Strategy at Singapore's OCBC Bank, stated that gold could be a potential beneficiary asset from the U.S. government restart. After the shutdown ends, the U.S. government will release delayed economic data. If the data indicates a slowdown in economic growth, it may provide an opportunity for the Federal Reserve to ease policies earlier, which the market might interpret as a low-interest-rate environment, favorable for gold.

[Rumble Q3 Revenue $24.8 Million, Holds 210.82 Bitcoins] Video-sharing platform Rumble (NASDAQ: RUM) announced its financial results for the third quarter of 2025, with revenue of $24.8 million, a year-over-year decrease of 1%; net loss was $16.3 million, showing improvement compared to the previous year. Average revenue per user (ARPU) was $0.45, a quarter-over-quarter increase of 7%. As of the end of September, Rumble held $269.8 million in cash and cash equivalents and 210.82 Bitcoins (valued at approximately $24 million), with total liquid assets exceeding $290 million.