Saylor deceived by false Trump news, Kraken undergoes restructuring, and more: Hodler’s Digest, Oct. 27 – Nov. 2

Michael Saylor, the executive chair of MicroStrategy, recently shared a quote on social media attributed to Donald Trump regarding cryptocurrencies. This quote suggested that Trump believes crypto should not be taxed and that “Bitcoin is money.” However, upon further investigation by Cointelegraph, it was revealed that this quote was actually fake and originated from a social media account called Basedkarbon. It’s important to be cautious of misinformation, especially as the United States Election Day approaches.

In other news, the cryptocurrency exchange Kraken has undergone reorganization with the appointment of Arjun Sethi as its new co-CEO. There were also reports of layoffs within the company, with an estimated 15% of the staff being let go. This restructuring comes as Kraken aims to become more efficient and streamlined in its operations.

Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release for his involvement in misappropriating user funds and campaign finance violations. Singh expressed remorse for his role in the FTX saga, emphasizing that he was not the sole contributor to the fraudulent activities within the company.

As the United States presidential election nears, there is speculation within the cryptocurrency market that a Donald Trump victory could lead to a significant market rally. While there is potential for positive market movement, experts advise caution due to the expected volatility surrounding the election. Traders are encouraged to approach this period with careful consideration and risk management strategies.

OpenAI has unveiled a new feature for its AI chatbot, ChatGPT, called ChatGPT Search. This feature enhances the chatbot’s ability to provide answers by searching the web for relevant information, offering users a more comprehensive and efficient experience. OpenAI’s innovation reflects the growing trend of autonomous artificial intelligence tools in 2025.

In the cryptocurrency market, Bitcoin is currently priced at $69,332, Ether at $2,510, and XRP at $0.51. The total market cap stands at $2.32 trillion. Raydium, Dogecoin, and Maker are among the top altcoin gainers of the week, while Immutable, Celestia, and Arweave experienced losses. Market analysis from CoinMarketCap provides more insight into crypto prices and trends.

In conclusion, it’s essential to verify information before sharing it, stay informed about market developments, and approach trading with caution and sound risk management strategies. The cryptocurrency market remains dynamic and influenced by various factors, making it crucial for traders to stay vigilant and adaptable in their approach.