[Brian Quintenz, Head of Policy at a16z, May No Longer Be a Candidate for CFTC Chair] According to The Block citing Politico, Brian Quintenz, Head of Policy at a16z, may no longer be a candidate for the Chair of the U.S. Commodity Futures Trading Commission (CFTC). A source familiar with the matter stated that the top candidate for the position is Mike Selig, who currently serves as Chief Legal Advisor and Senior Advisor to the Chair of the U.S. Securities and Exchange Commission (SEC) Crypto Working Group.

[U.S. Government Faces Shutdown as Senate Fails to Pass Key Funding Bill] The U.S. Senate failed to pass a spending bill aimed at maintaining federal government operations through November 21, and the White House has announced an impending government shutdown. According to a memorandum issued by the Office of Management and Budget (OMB), current federal funding will expire tonight at 11:59 PM. The memorandum stated that Democratic senators, by insisting on policy demands including $1 trillion in additional spending, blocked the passage of the H.R. 5371 bill. The OMB has instructed affected federal agencies to initiate orderly shutdown plans and noted that due to the unpredictable duration of bipartisan disagreements, the exact length of this shutdown remains uncertain.

1. Tether increases its holdings of Bitcoin worth $1.05 billion, strengthening its reserve asset portfolio 2. UK regulatory authorities approve IG Group's cryptocurrency license, promoting market compliance development 3. CME data shows that the probability of the Federal Reserve cutting interest rates in October has risen to 96.2% 4. Wisconsin Congressman Proposes Exemption from Bitcoin Activity Funding License Requirements 5. Binance's net inflow in the third quarter reached $14.8 billion, indicating an increase in market attractiveness 6. The US government shutdown is a foregone conclusion and may affect the stability of financial markets 7. Ripple CTO David Schwartz resigns at the end of the year and will continue to participate in community activities 8. Chainlink collaborates with UBS to promote asset tokenization and provide digital solutions for the fund industry The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/490419

[Succinct ZK Verification Service Covers 130 Public Chains/Protocols, Verification Fees Reach $260,000] Monitoring shows that since the launch of the Succinct ZK verification service in early August, it has been adopted by 130 public chains and protocols. Over the past two months, these applications have completed a total of 420,000 ZK verification transactions, averaging about 8,000 transactions per day. During this period, verification transaction fees amounted to approximately $260,000, distributed to PROVE stakers. (Yujin)

[21Shares Launches Two Crypto ETFs on DTCC Platform] 21Shares announced that its SUI ETF and Polkadot ETF have successfully been listed on the Depository Trust & Clearing Corporation (DTCC) platform in the United States. This move aims to provide investors with more convenient trading and clearing services. DTCC is a global leader in securities clearing and settlement, managing tens of trillions of dollars in assets. (Cointelegraph)