Geopolitics

Bitcoin (BTC) rebounds slightly after a sharp drop, trading at around $74,810 as of November 9. South Korea’s ruling party has formally proposed delaying the cryptocurrency income tax, originally set to take effect in 2027, until 2029, arguing that priority should be given to establishing a Basic Digital Asset Act and resolving issues of fairness in cross-border taxation. Upbit encountered instability while resuming trading, pushing the restart time back to 07:00 Korea time. Macro Events & Crypt

The U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an order on November 6 prohibiting U.S. financial institutions from conducting any fund transfers with cryptocurrency exchange MEXC Global, effectively cutting MEXC off from the U.S. financial system. The order states that MEXC handled approximately $16.7 billion in funds related to illicit Russian finance, sanctions evasion, and cybercrime, including transactions linked to Iran and North Korea. FinCEN Order Deta

Bitcoin fell to $73,532 on November 9 before rebounding to $75,436, weighed down by political uncertainty, weakness in tech stocks, and continued outflows from spot Bitcoin ETFs. After the results of the U.S. midterm elections were announced on November 3, Democrats flipped seven Senate seats, adding further uncertainty to the direction of cryptocurrency regulation. Bitcoin briefly touched around $76,500, with an intraday low of $73,532 Market reports said Bitcoin had held above $80,000 for most

Ethereum co-founder Vitalik Buterin said India's cryptocurrency tax regime could hamper blockchain innovation and undermine the country's potential to become a hub for building core blockchain infrastructure. Speaking on the sidelines of Devcon, Ethereum's annual global developer conference, in

The U.S. Department of Labor submitted final regulations on November 5 to expand 401(k) retirement plan investments to include Bitcoin and other digital assets, according to records from the White House Office of Management and Budget. The regulations underwent final review in the White House

Nvidia's board initiated an investigation Monday into whether CEO Jensen Huang was targeted as part of a foreign espionage scheme, according to the company's official statement. Reports indicate that Alice Huang, a former Megaspeed International executive, was suspected by U.S. authorities of target

The Trump administration submitted a proposed regulatory framework to the White House on November 5 that could allow cryptocurrency investments in employer-sponsored 401(k) retirement plans. The US Department of Labor (DOL) filed the proposal with the Office of Information and Regulatory Affairs

According to Reuters, crypto-aligned super PACs spent about $176 million across more than 100 races in the 2026 election cycle, up from roughly $130 million in 2024. Despite the record spending, Democrats won control of both chambers of Congress, and the industry lost major races including Ohio,

According to Stand With Crypto, the pro-crypto advocacy group counted 241 pro-crypto winners in the US House of Representatives on November 7 at 05:15 UTC, up 13 from its previous tally of 228. The count covered results from 412 of the House's 435 districts and 33 of 35 Senate

South Korea's financial authorities are finalizing the regulatory framework for token securities ahead of the February 4, 2027 implementation date, with proposed rules limiting distributed ledger participation to the Korea Securities Depository and securities firms serving as account management

According to Odaily, citing Hong Kong Deputy Secretary for Financial Services and the Treasury Chan Ho-lim, the territory will implement cryptocurrency asset reporting requirements starting 2027 to align with global efforts against cross-border tax evasion. The framework will cover major digital ass

According to Bloomberg, following Democratic victory in midterm elections that shift congressional control, the crypto industry's political advantage from recent years is reversing. The sector is now pursuing bipartisan support for long-term development beyond Republican-aligned strategies. While

According to ChainCatcher, the European Commission has established a dedicated sanctions office and created a crypto task force within it to counter Russian use of digital assets for sanctions evasion. The task force will operate for 12 months with support from Ukraine and the United Kingdom. The t

According to data from Stand With Crypto, 69.5% of winners in the 2026 U.S. midterm elections support cryptocurrency, marking an increase compared to previous election cycles, Bitcoin Magazine reported on