Odaily Report: The U.S. Department of Justice filed a Statement of Interest on November 6, stating that the Illinois digital asset tax harms federal policy and U.S. leadership in the digital asset space, and arguing that the tax's language is vague and discriminatory. The tax imposes a 0.2% levy on the full amount of digital assets processed by brokers, regardless of whether a sale or profit occurs.The U.S. Chamber of Commerce and the Securities Industry and Financial Markets Association (SIFMA), which represents broker-dealers, banks, and asset management firms, filed amicus briefs warning that the tax could affect traditional banks, custodians, and advisors that offer digital asset products. Crypto organizations including the DeFi Education Fund, Andreessen Horowitz, Paradigm, and Uniswap argued that the bill's definitions could bring software developers and decentralized protocols that do not hold client funds, cannot identify users, or determine transaction locations within the scope of taxation. (Decrypt)

Odaily reports: a16z, DeFi Education Fund, Paradigm, Uniswap, and several other crypto industry organizations have jointly submitted an amicus curiae brief in support of the legal challenge against Illinois' Digital Asset Tax Act, arguing that the law's scope is overly broad and unfairly targets the digital asset industry. Previously, the Blockchain Association, the Crypto Council for Innovation, and The Digital Chamber had already filed a lawsuit against the state of Illinois over the law. The law imposes a 0.2% tax on digital asset transactions, and its effective date has been postponed from the originally planned January 2027 to July 2027.

Odaily reports that a16z, DeFi Education Fund, Paradigm, Uniswap, and several other crypto industry organizations have jointly submitted an amicus curiae brief in support of the crypto industry's challenge to Illinois' Digital Asset Tax Act. These organizations argue that the act is overly broad in scope and unfairly targets the digital asset industry.

Odaily Report: According to SoSoValue data, the crypto market overall shows a volatile downward trend, with the Meme sector down 3.77% over 24 hours. Within the sector, Pepe (PEPE) fell 16.97%, while Useless Coin (USELESS) and Bonk (BONK) dropped 7.86% and 4.90% respectively.In other sectors, the CeFi sector declined 0.25%, but Cronos (CRO) rose 3.60%; the Layer1 sector fell 0.88%, with NEAR Protocol (NEAR) down 1.99%; the PayFi sector dropped 1.17%, with Zcash (ZEC) down 3.38%; the DeFi sector declined 2.43%, with Uniswap (UNI) down 9.41%; the Layer2 sector fell 2.95%, with Arbitrum (ARB) down 8.63%.Additionally, only the SocialFi sector remained relatively resilient, rising 4.50% over 24 hours. Within the sector, Gram (GRAM) gained 5.56%.Crypto sector indices reflecting historical sector performance show that the ssiSocialFi, ssiMeme, and ssiRWA indices rose 4.74%, fell 4.23%, and fell 3.91% respectively.

Odaily reported: Uniswap founder Hayden posted on X that this launch approach was rather unique: there was no UI support on the first day, but related support will be launched soon. The team directly deployed the protocol and let the Hook ecosystem develop into the primary distribution method.

Odaily reports: Uniswap posted on X that Uniswap v2, v3, and v4 are now live on Elysium. Developers can find the deployment addresses in the official developer documentation.

Odaily: Uniswap posted on X that @enter_elysium went live on Monday; today Uniswap's historical cumulative trading volume reached $200 million.

According to monitoring by on-chain analyst Ai Yi, over the past 7 hours, five addresses collectively withdrew 3.102 million UNI from Coinbase, worth $20.78 million, at an average price of $6.7. Four of the addresses had similar withdrawal times and amounts; the receiving addresses are currently transferring or selling the tokens.

According to monitoring by Uniswap founder Hayden, the tokenized Nvidia on Uniswap provided accurate weekend price discovery for Jensen Huang-related events, with a spread of only 15 basis points at market open.

Odaily reports, citing Onchain Lens monitoring, that an address received 1,060 ZEC, worth approximately $1.29 million, from a privacy address, then deposited it into Hyperliquid via Hyperunit and sold it in 3 batches for approximately $1.29 million USDC, after which the funds were withdrawn.