1. Bitcoin dropped nearly 5% in October, marking its first decline in six years
2. Ethereum Fusaka upgrade to be activated on mainnet on December 3
Former Ethereum core developer Christine Kim released a summary of the 168th Ethereum Consensus Layer Core Developers Meeting. The meeting confirmed the mainnet activation schedule for the Fusaka upgrade, proposing to activate Fusaka on December 3, and to activate BPO #1 and BPO #2 on December 9 and January 7, 2026, respectively. In addition, the meeting discussed eight EIPs, including EIP 7688 introducing a new data structure, and EIP 8045 preventing slashed validators from proposing blocks, and mentioned the impact of some proposals on Ethereum staking protocols and services. -Original text
3. New Hampshire postpones review of bill to relax crypto mining regulations
On November 1, the New Hampshire Senate Commerce Committee voted on House Bill 639, which aims to relax regulations on cryptocurrency mining, but the vote ended in a deadlock due to divided opinions. The bill seeks to prohibit municipal officials from imposing restrictions on cryptocurrency mining activities and to ban state or local governments from levying special taxes on digital assets. Ultimately, the committee voted 4-2 to send the bill for interim study for further review. Several senators noted that public feedback on the bill has increased significantly since the last debate. -Original text
4. Bitcoin production cost rises to $112,084, mining companies under pressure
Latest data shows that the production cost of Bitcoin has risen to $112,084, after reaching a high of $115,098.12 on October 9. The continued rise in costs may have a significant impact on Bitcoin mining companies, especially in terms of sales and administrative expenses. Analysts point out that mining companies need to take measures to reduce operating costs in order to cope with current profit pressures and maintain business stability. -Original text
5. Musk says X's new messaging app design inspired by Bitcoin
Elon Musk stated in a conversation with Joe Rogan that the design of X platform's new messaging app was inspired by Bitcoin. The app may embody the concept of decentralization. -Original text
6. ARK Invest's crypto investments exceed $2.15 billion, holdings increase to 2.27 million shares
ARK Invest increased its holdings of Bullish stock by 105,000 shares, worth $5.3 million, bringing its total holdings to 2.27 million shares with a market value of $114 million. Its cryptocurrency investment scale has now exceeded $2.15 billion. -Original text
7. Federal Reserve Governor Milan says another rate cut may occur in December
Federal Reserve Governor Milan stated that, based on current forecasts, another rate cut may be implemented in December. He pointed out that restrictive monetary policy could pose risks to the labor market. Milan's remarks reflect the Federal Reserve's ongoing focus on economic prospects and policy adjustments. -Original text
