Overview of Important Overnight Developments on November 1

21:00-7:00 Keywords: Immutable, Tether

1. Florida CFO: The state holds $800 million worth of crypto investments;

2. Citi: Gold prices may still rise to $3,000 per ounce within the next six months;

3. Immutable responds to receiving a Wells notice from the US SEC, stating that IMX tokens are not securities; 

4. If Bitcoin falls below $70,000, the cumulative liquidation intensity of long positions on mainstream CEX will reach $1.97 billion; 

5. Tether's net profit in the third quarter reached $2.5 billion, with cumulative profits of $7.7 billion in the first nine months of this year; 

6. Since Gary Gensler became the chairman of the US SEC, the crypto industry has spent over $400 million on enforcement responses; 

7. Italian Finance Minister: Digital assets carry "extremely high risks," and a 42% capital gains tax on crypto is necessary.