Bitcoin Surges 2%, Breaks $74,000

White House officials announced that U.S. President Donald Trump will deliver a speech at the Lincoln Memorial Reflecting Pool that day, his final official campaign address ahead of the midterm elections, aimed at helping the Republican Party retain control of Congress. The election is scheduled for the following day. The Reflecting Pool was one of the renovation projects Trump promoted this year: it reopened on June 9, was closed after sustaining damage following the July 4 celebrations, and reopened again on October 29. Trump told reporters on Sunday that the pool had suffered severe damage, and a large number of cameras have now been installed. He noted that the pool, which has leaked badly since 1922, is now operating smoothly. Built in the 1920s, the pool is approximately 2,030 feet long. During renovations, its bottom was coated with what Trump called "American flag blue" industrial-grade pool paint. Groups including the Cultural Landscape Foundation criticized the renovation process as opaque and sued the U.S. Department of the Interior over the paint color. In the final stretch of the campaign, Trump held consecutive rallies in Kansas and Iowa on Sunday, and arranged nearly 20 phone canvassing events. Since October 1, he has held roughly two dozen rallies in around 19 states. National polls and multiple analysts still project that the Republican Party will suffer significant losses in the 2026 midterm elections, with early voting in multiple states already surpassing 2022 levels.

On-chain analyst SomaXBT has published a post challenging Arkham’s assessment that "Binance hackers are depositing funds to the exchange". Arkham previously alleged that hackers linked to the Binance incident deposited roughly $4 million into three Binance deposit addresses, suggesting these addresses may be associated with nested services. SomaXBT notes that the address TH1YKH9...XAcpPrMv8B was mislabeled as a hacker address, and is in fact the Thorchain Asgard vault. The deposits to Binance in question were not made directly by hackers, but by Thorchain accounts. The accounts it cited include thor1g3mlm0...fyn799e8ya and thor1kqsy8...5zw3uk2, and it has provided a vault verification link for cross-reference.

According to IRNA, Iranian President Masoud Pezeshkian stated that the Supreme Leader has granted the government partial authority for negotiations. It should be noted that Iran’s strategic decisions remain under the control of the Supreme Leader, meaning any progress in negotiations requires the unanimous approval of both the Supreme Leader and the negotiating team. Iran has previously put forward a two-day framework proposal to conditionally reopen the Strait of Hormuz, contingent on the fulfillment of its demands, which include lifting blockades, unfreezing frozen funds, and easing sanctions, among others. (Jinshi)

According to The Washington Post, SpaceX is in talks with EchoStar to acquire its wireless business Boost Mobile or gain access to its network to launch its own mobile communications service. Citing sources familiar with the matter, the report said the two sides have discussed over recent months launching a SpaceX-branded wireless service through cooperation. Reuters cited the report noting that Boost’s existing network is primarily leased from AT&T and T-Mobile. The move is aimed at supporting Elon Musk’s Starlink Mobile initiative, which combines satellite constellations with terrestrial cellular networks to challenge the U.S.’s three major telecom operators. EchoStar had around 7.38 million wireless subscribers as of the end of the second quarter, mainly its Boost Mobile and Gen Mobile customers. Musk also met with EchoStar Chairman Charlie Ergen last month. If the transaction involves the transfer of network lease agreements, it may still require the approval of AT&T and T-Mobile.

Glassnode shared data on social media indicating that Bitcoin (BTC) sellers have been cutting losses below the $80,000 level. Last week saw the longest stretch of daily net realized losses since mid-August. Both the loss concentration periods in August and September formed at local price lows. If BTC’s price can hold above $75,000, it will align with this pattern once more.

Alphabet (GOOG.O) plans to raise 6 billion euros by issuing euro-denominated bonds.