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Joined October 2026
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On Nov 2, SEC staff defined what a "central party" over a crypto network is. One marker: unilateral power to "modify the crypto system's rules-based code, reverse transactions, or revoke access." Days before, Arbitrum's Security Council moved a hacker's funds without the key.
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Why it matters: staff say discretion doesn't make a central party if exercised "solely through the crypto system's broad-based governance system." The council is elected via ARB governance, but 9 people acted without a token vote. The FAQ leaves that to facts and circumstances.
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Caveats: the FAQ is staff guidance with "no legal force or effect," limited to digital-commodity classification. It names no network. Watch: the DAO vote on the frozen funds, and whether L2s start putting limits on emergency powers in writing.
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No hurricane, no name, and still near-Ian rain: 24.1" fell on Malabar, FL in 36 hours, per NWS. West Palm Beach 22.2", Palm Bay 20.6". Melbourne's 11.03" broke its all-time daily record. NWS calls parts of it a 1-in-1,000-year event. #FloridaFlooding
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Election Day angle: DeSantis' EO 26-227 and local officials moved 20+ polling places across several counties. What to watch: the St. Johns River flows north and drains slowly, so near Cocoa it may crest within a foot of its record around Nov 5, after the rain ends. #Election2026
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America's first midterm results are in, from Guam, and they point in opposite directions. Same ~31,400 ballots: Governor: R flip, Ada-Calvo 51.45% vs 48.15% (+1,020 votes) US House delegate: D flip, Limtiaco 51.0% vs Moylan 48.84% (+662) #Midterms2026 #Guam
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The non-obvious read: Ada got ~960 more votes than GOP incumbent Moylan on the same ballots. Ticket-splitting is alive when candidates are local names. Still unofficial; off-island ballots count Nov 19. One island isn't a national wave. Watch for splits in tight races tonight.
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Crypto PACs are the biggest single-issue spenders of the 2026 US midterms, and polls close tonight. Fairshake + affiliates: $154M devoted this cycle, $56M in reserve (spokesman, via CoinDesk). Nearly $56M of it, over a third, went to one race: beating Sherrod Brown in Ohio.
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Totals depend on who's counting: - Reuters: ~$176M, 100+ races, through Oct 20 (Fairshake $150.8M) - Public Citizen via CNBC: $200M+ - 2024 cycle: Fairshake $196M, industry ~$250M Fairshake backs 33 House candidates (19 R, 14 D) but only Republicans for Senate.
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Why it matters: the CLARITY market-structure bill stalled in the Senate. The next Congress decides if it gets another shot. Watch tonight: Ohio, plus the 6 House incumbents Fairshake gave $1M+ each (incl. Steil, Hill, Huizenga). A Brown win reads as a rebuke of crypto money.
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Korea's regulator wants exchanges to go beyond the 80% cold-storage floor after the $6.3B Binance hot-wallet hack (FSC emergency meeting, Nov 2). End-Sept cold-wallet share (FSS data): Upbit 99.17% Bithumb 94.76% Coinone 85.00% Digital X 82.79% GOPAX 80.54%
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Loss backstops vary even more. Insurance + reserves, end-Sept: Upbit ₩80B Bithumb ₩53.4B Coinone ₩30B Digital X ₩19B GOPAX ₩3B A 26.7x spread. For scale: Upbit lost ~₩44.5B in a Nov 2025 abnormal outflow while running a 98%+ cold ratio.
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Why the ratio alone won't fix it: FSC says the Binance breach may have come via a hacked staff laptop and unauthorized access to withdrawal signing systems. It also asked for 24/7 withdrawal monitoring, alerts on odd access, and more reserves. Next: guidance or a hard rule?
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15 years after Skyrim, Bethesda finally named the sequel: The Elder Scrolls VI: Sentinel, set in Hammerfell. Every prior gap between mainline Elder Scrolls games was 2-6 years. This one is 15 and counting, with no date, platforms or gameplay shown yet. #ElderScrollsVI
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Why it matters: Skyrim has sold 60M+ copies (Todd Howard, 2023), so TES VI is arguably the crown jewel of Microsoft's $7.5B ZeniMax deal. Doom and Indiana Jones already shipped on PS5. Watch whether Sentinel goes multiplatform day one, and if a date lands at The Game Awards.
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Zcash is walking into its NU7 upgrade with a fight over its dev money. ZEC is ~$1,146 after an ~8% drop Monday (CoinDesk). At the center: Zcash Community Grants (ZCG), a 5-person committee holding ~91,500 ZEC that gets 8% of every block reward.
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What NU7 actually does: activates at block 3,543,405, est. ~02:30 UTC Nov 6. Block time 75s to 25s with the same daily issuance; v4 transactions switched off. Watch: coins left in the old Sprout pool become unspendable. Move them before activation.
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