CoinDesk

13 hours agoNews Editor

CoinDesk flags key 2026 election races for crypto policy watchers

CoinDesk said cryptocurrency is not a major issue in the 2026 election, but the industry will still be influenced by who takes office in January 2027. The outlet said it is tracking several main races from this election cycle because those outcomes could help shape the policy environment facing the crypto sector. The report frames the election less as a referendum on digital assets and more as a contest whose winners may later affect regulation and industry direction once they assume office. CoinDesk did not, in the summary provided, list the specific races, candidates, or policy positions it is watching.

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crypto cards

13 hours agoNews Editor

Crypto card startups absorb losses to win users with rich rewards

Crypto card startups are taking losses as they compete for customer loyalty through generous rewards, according to CoinDesk. The model hinges on a familiar bet in digital asset finance: that card incentives can bring users into a broader product ecosystem and eventually make them profitable. Providers are counting on revenue from trading, lending, and staking to offset the cost of those rewards over time. In effect, the card is being used as a customer acquisition tool rather than a standalone profit center. The strategy reflects a push to turn cardholders into higher-value users across multiple crypto services, even if the economics remain negative in the early stage.

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White House

13 hours agoNews Editor

White House prepares fallback plan to push agenda without Congress if Democrats take control

The White House has spent months preparing for the possibility that Democrats could take control of Congress, according to Odaily, citing Jinshi and people familiar with the matter. The planning centers on using executive authority to keep advancing key parts of the administration’s agenda while also getting ready for potential congressional investigations into the Trump administration. Three people familiar with the matter said senior officials, including White House Deputy Chief of Staff Stephen Miller and budget chief Russell Vought, have been working with the White House Counsel’s Office since April to identify actions Trump could take without congressional approval. The areas under review include immigration, tariffs, housing costs, and federal spending. A White House official said White House Counsel Will Scharf and his team are also examining what actions Trump can legally take on his own, where he may be able to test the outer bounds of his authority, and how those decisions could be defended in court. Over the past month, Trump has held rallies across the country as he tries to preserve Republican control of Congress, while aides have reportedly begun preparing in private for a very different political setup that could emerge in 2027.

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India

13 hours agoNews Editor

Indian investment platforms expand access to U.S. stocks as demand for overseas allocation grows

Several major investment platforms in India are widening access to U.S. equities, according to a report cited by ChainCatcher from Cointelegraph. The move is aimed at meeting rising demand from local investors seeking greater exposure to overseas assets. The report said three factors are driving that shift. India’s domestic stock market has shown relatively weak performance, the rupee has depreciated, and the local market does not offer enough listed companies tied to the artificial intelligence theme. Together, those conditions are pushing some Indian investors to look toward U.S. technology stocks for opportunities. The development points to a broader change in investor preference inside India, with overseas allocation gaining traction as local participants search for markets and sectors that better match their return expectations and thematic interests.

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SpaceX

13 hours agoNews Editor

SpaceX COO Gwynne Shotwell says more than 2 million SpaceX shares will fund children’s Trump Accounts

SpaceX Chief Operating Officer Gwynne Shotwell said she will donate more than 2 million shares of SpaceX stock to fund children’s "Trump Accounts." According to her statement, the first batch of donated shares is now being transferred into a custodial account and is expected to be distributed in December. The initial group of beneficiaries includes children ages 11 to 17 living in ZIP code areas where median household income does not exceed $57,000, as well as children in areas with populations too small to calculate a median household income. Families tied to that first round are expected to receive notice by Monday. Shotwell also said additional donations will be finalized in the coming weeks. Those are set to cover children ages 11 to 17 in families of service members stationed overseas, foster children, and more children living in counties around SpaceX’s Texas headquarters where median household income does not exceed $90,000. She thanked the U.S. Treasury Department, the Internal Revenue Service, the Michael & Susan Dell Foundation and related teams for supporting the project.

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Coinbase

13 hours agoNews Editor

Zeeme says Coinbase uses MPC so full private keys never exist on disk or in memory

On-chain researcher Zeeme said Coinbase uses multi-party computation, or MPC, in a way that prevents a complete private key from ever existing on disk or in memory. According to Zeeme, that design changes what an attacker could obtain in the event of a compromise. Even if an engineer’s computer were breached, the attacker would only be able to access a single key shard, which Zeeme described as useless on its own. The statement focuses on how MPC can reduce the risk tied to any one machine or operator by avoiding exposure of a full private key in one place. The remarks were cited by ChainCatcher in a brief technology update.

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Polymarket

13 hours agoNews Editor

Polymarket odds of ETH hitting $2,300 in November rise to 92%

PPP, a prediction-market tracking tool, said the Polymarket contract on whether ETH will touch $2,300 during the rest of November has climbed to 92%, up 44% over the past 24 hours. The market’s resolution rules are narrowly defined. It settles to “Yes” if, at any point during the specified month, the high of any 1-minute candlestick for Binance’s ETH/USDT pair reaches or exceeds the target price. If that condition is not met, the outcome resolves to “No.” The contract uses only Binance ETH/USDT price data for settlement. Prices from other exchanges or from other trading pairs are excluded from the final result. The update was cited by Odaily from PPP’s monitoring of the market.

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Morgan Stanley

13 hours agoNews Editor

Morgan Stanley’s Mike Wilson warns of short-term U.S. stock pullback, keeps buy-the-dip call

Bloomberg reported that Mike Wilson, Morgan Stanley’s chief U.S. equity strategist, sees several near-term risks for the U.S. stock market. He pointed to the U.S. midterm elections, investor concerns tied to artificial intelligence spending, and liquidity constraints as factors that could trigger a short-term correction. Wilson said those pressures could pull the S&P 500 down about 9% from its recent record high to 7,100. Even so, Wilson did not frame the move as a lasting bearish turn. He said such a decline would create a buying opportunity and expects the S&P 500 could later climb to 8,000 once those risks are absorbed. He also cited historical performance, saying that since 1950, U.S. stocks have risen in the six months and 12 months following every midterm election. Based on that pattern, Wilson said investors should buy U.S. equities on dips regardless of the election outcome.

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