Morning Report | Ethereum fell 7.7% in the past 24 hours; Privacy Cash suspends deposits to prevent misuse by illegal actors
Compiled by: ChainCatcher
### Data from the Past 24 Hours
Bitcoin is currently priced at $76,088, down 5.5% in the past 24 hours, with a high of $80,918 and a low of $75,208. Ethereum is currently priced at $2,238.01, down 7.7% in the past 24 hours, with a high of $2,437.10 and a low of $2,206.28. The current Crypto Fear and Greed Index is at 51, indicating neutrality, up 16 points from the previous reading. The S&P 500 closed at 7,353.73 points on November 5, down 4.4%. The Nasdaq Composite closed at 24,315.00 points on November 5, down 5.5%. The Dow Jones Industrial Average closed at 51,523.06 points on November 5, down 3.4%.
### Important Events in the Past 24 Hours
**1. [Privacy Cash Suspends Deposits to Prevent Misuse by Malicious Actors](https://www.chaincatcher.com/en/article/2301810)**
Privacy Cash officially announced the suspension of deposits to ensure that malicious actors cannot exploit its products. This move comes after a recent hack of Binance, and the team aims to protect the original intention of their product, which is to provide privacy tools for everyday users rather than assist in criminal activities. During the suspension, the withdrawal function will still be available, and the team will continue to strengthen the wallet screening system, with the resumption time to be announced later.
**2. [Visa Establishes Global Centers in Singapore Focusing on AI and Stablecoins](https://www.chaincatcher.com/en/article/2301936)**
Visa announced the establishment of six global capability centers in Singapore, focusing on AI, digital currencies, stablecoins, and other areas. These centers will bring together over 1,500 professionals and collaborate with DBS Bank, Nium, and StraitsX. Visa also plans to launch USDC settlements in the United States, believing that stablecoins can support faster cross-border payments and programmable currencies.
**3. [Bitcoin Security Research Team Discovers Potential Vulnerabilities Using AI](https://www.chaincatcher.com/en/article/2301821)**
Bitcoin security researcher Talip and his team have discovered over 10,000 potential vulnerabilities using AI within two months. The team consists of volunteer engineers, and some vulnerabilities have already been assessed, disclosed, and fixed, while others are still being disclosed. Talip emphasized that AI-generated findings need independent verification, as there may be false positives or exaggeration of the severity of vulnerabilities.
**4. [American Bitcoin Turns Profit in Q3](https://www.chaincatcher.com/en/article/2301848)**
American Bitcoin, a mining company founded by Eric Trump and Donald Trump Jr., reported a net profit of $126 million for Q3 2026, reversing the losses from Q2. The profits mainly came from approximately $197 million in digital asset gains, and the amount of Bitcoin held by the company has also increased.
### Meme Popularity Rankings
According to data from the meme token tracking and analysis platform GMGN, as of November 6, 08:00
The top five popular tokens for ETH in the past 24 hours are: cirBTC, ANT, CTM, RICO, DACITY
The top five popular tokens for Solana in the past 24 hours are: BTC, COGE, LEEROY, STONK, ABTC
The top five popular tokens for Base in the past 24 hours are: ELSA, AERO, XDP, AXIS, SOL
The top five popular tokens for BSC in the past 24 hours are: BNCB, CORLA, M4GA,Xueqiu, AGC
### What Are the Must-Read Articles in the Past 24 Hours?
**[Today, ChatGPT Finally Can Generate GIFs! Images 2.6 Launched](https://www.chaincatcher.com/en/article/2301942)**
ChatGPT Images 2.6 launched: OpenAI has enabled one-click GIF generation from live images for the first time, supporting frame-by-frame editing and playback speed adjustments, with live image synchronization available; the Flare and Sunburst API live image models were also launched on the same day.
**[CICC: The Asset Implications of the Democratic Party's "Sweep"](https://www.chaincatcher.com/en/article/2301892)**
The Democratic Party "swept" both houses, but the key to asset impact lies in whether the new Congress will be a "corrective" check or a "disruptive" interference: in the short term, the former is dominant, and the US stock market still has support; fiscal expansion is limited, government shutdowns and debt ceiling disturbances are rising, and local AI regulation may tighten.
**[USDC Circulation Under Pressure, Trading Volume Surges: Circle Q3 Financial Report Reflects Stablecoin "Traffic First" Logic](https://www.chaincatcher.com/en/article/2301902)**
Future revenue growth will rely more on the monetization of CPN, the integration of Tazapay, and the commercialization progress after Arc's shift to PoS.
**[Post-Midterm America: Political Tug-of-War Escalates, How Will US Stocks, Bonds, and the Dollar Move?](https://www.chaincatcher.com/en/article/2301946)**
The "split government" pattern of "Democrats controlling Congress, Republicans occupying the White House" means that political uncertainty in the US is further rising. For the capital market, the overall impact shifts from "expansion pricing" to "regulatory + fiscal constraint pricing."
**[Midterms End, Oil Prices Plummet! Will the Market's "Ceasefire Expectations" Be Realized?](https://www.chaincatcher.com/en/article/2301885)**
The Democratic Party's overwhelming victory in the US midterm elections sparked a "ceasefire" sentiment in the market, with WTI crude oil plummeting over 9% in a single day. However, Iran's supreme leader issued a stern warning, stating that those who believe the election results can change the US stance are "greatly mistaken." Meanwhile, Trump's three options—military strikes, quick negotiations, or maintaining the status quo—come with high costs, and the drastic political landscape may lower Trump's willingness to negotiate. The market's "ceasefire expectations" may have overestimated reality.