ZKsync creator floats governance token revamp to add ‘economic utility’

ZKsync is making waves with a remarkable 65% weekly rally, driven by a new governance proposal that could transform its revenue generation for holders. This upgrade not only aims to enhance the protocol's long-term utility but also showcases its innovative tokenomics. CEO Alex Gluchowski is at the forefront of this initiative, signaling a promising future for ZKsync and its community.

Charles Hoskinson, the founder of Cardano, recently addressed misleading headlines suggesting he blamed ADA users for the network's decentralized finance issues. In a video released on November 3, he clarified that his comments were misinterpreted, emphasizing a structural mismatch in participation within the ecosystem.

Bitcoin is at a crucial point as China has decided to suspend a 24% tariff on U.S. goods. This move could potentially boost the cryptocurrency market, providing a favorable environment for Bitcoin to thrive.

Solana's price has dropped significantly, falling below the $165 mark and now trading around $150. The bearish trend suggests further declines could occur unless bulls step in to defend these critical support levels.

Microsoft has shared insights on the challenges facing AI development, particularly focusing on the availability of power in data centers. As AI technology continues to advance, ensuring sufficient energy supply becomes crucial for sustaining operations and innovation.

Ethereum's price has been struggling recently, falling below $4,000 due to bearish trends influenced by Bitcoin's decline. Analysts are predicting a potential breakdown, with some suggesting a recovery followed by a crash. The outlook remains grim as the second-largest cryptocurrency faces increasing pressure.

The recent NYC election has seen significant financial losses for those betting against candidate Mamdani, with Polymarket contracts dropping nearly $1 million. This downturn highlights the unpredictable nature of political betting and the risks involved.