Overview of Important Midday Developments on November 11

7:00-12:00 Keywords: Stacks, Republican Party, SEC, FTC

1. Cathie Wood proposes to weaken the powers of the SEC and FTC, praised by Elon Musk;

2. ENS Labs, the company behind ENS, plans to launch its L2 network Namechain by the end of next year;

3. MicroStrategy founder hints at possibly continuing to increase BTC holdings;

4. Stacks founder expects to launch the sBTC upgrade in early December;

5. Hedge fund shorting Tesla has lost over $5 billion since Trump's election victory;

6. The Republican Party is expected to gain one more seat in the House, bringing the total to 214;

7. CryptoQuant CEO: Bitcoin's year-end price may fall below $59,000 due to an "overheated" futures market.