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Robinhood Chief Legal Officer Dan Gallagher is emerging as a leading contender to head the SEC if Donald Trump wins the 2024 election, according to Politico.QCP Capital analysts claim “Uptober” is back on track as bitcoin recovers from last week’s volatility.Ethereum proposal EIP-7781 calls for reducing the blockchain’s slot time from 12 to 8 seconds to boost transaction throughput.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The next chair of the United States Securities and Exchange Commission could be much friendlier to crypto if Donald Trump gets into the Oval Office.
Quick Take U.S. publicly traded bitcoin miners have finished releasing their monthly mining updates for September. The total market cap of 14 U.S.-listed bitcoin miners tracked by JPMorgan rose 4% to $21 billion during the month.
Quick Take The crypto trading platform said it decided to sue the agency after receiving a Wells notice and said the SEC’s actions left them “with no other choice.” Crypto.com says its lawsuit asserts that the SEC has overexpanded its jurisdiction while also pushing back on the agency’s claim that most cryptocurrencies are securities.
- 17:06Fed Chair Powell: Keep rates at current levels, wait for evidence of further reductions in inflationFederal Reserve Chairman Jerome Powell said, we will maintain interest rates at current levels, waiting for evidence of further reductions in inflation. Long-term interest rates have risen, but this is not related to inflation, and the Fed will do all it can to ensure that stricter regulatory measures are gradually extended from large banks to small banks. If the Consumer Financial Protection Bureau (CFPB) is disbanded, there will be no federal regulator to examine large banks for consumer protection.
- 17:05Bitcoin's Average Transaction Confirmation Time in 2025 Reaches 19 Minutes, Highest EverAccording to Cointelegraph, Bitcoin confirmation times will reach an all-time high in 2025, taking an average of 19 minutes per transaction. Network congestion, block size limits, and fee dynamics are the main factors contributing to the delays. Network congestion, block size limitations, and fee dynamics all contribute to latency.