according to official sources, Paxos announced that it is expected to release the first attestation report for the Singapore compliant stablecoin USDG, which is launched in partnership with DBS Bank, this month (November 2024). Paxos stated that the attestation report is expected to be issued by the independent third-party accounting firm Enrome LLP, and the review will be conducted in accordance with the standards set by the Institute of Singapore Chartered Accountants. It is reported that Paxos will subsequently release proof reports every month, aiming to establish community trust and ensure complete transparency and reliability of financial data.

According to Farside Investors data, this week's cumulative net inflow of US Bitcoin spot ETF was 2.2202 billion US dollars, of which: BlackRock IBIT: +2.1489 billion US dollars; Fidelity FBTC: +89.8 million US dollars.

According to data disclosed by IntoTheBlock on the X platform, the locked amount of the RWA protocol has accounted for 3.69% of the total lock-up volume in DeFi, while this number was only 1.77% in July this year.

According to DefiLlama data, the total market value of stablecoins has grown by 0.38% in the past week, now reaching 173.117 billion US dollars, close to the highest level since May 2022 (i.e. 173.145 billion US dollars on October 6). Among them, the total market value of USDT has increased by 0.3%, now reaching 120.441 billion US dollars, with a market share of 69.62%.

According to the market, ORDI has exceeded $35 and is now trading at $35.02, with a 24-hour decline of 1.63%. The market is volatile, so please be prepared for risk control.

 Hong Kong Financial Secretary Paul Chan Mo-po published a blog post stating that his delegation had achieved fruitful results during their visit to Riyadh, Saudi Arabia last week. The Hong Kong Monetary Authority and the Public Investment Fund of Saudi Arabia (PIF) signed a memorandum of understanding to jointly establish a $1 billion investment fund, which will invest in Hong Kong and Greater Bay Area enterprises in the fields of manufacturing, renewable energy, fintech, and healthcare in Saudi Arabia. In addition, a fintech company from Hong Kong Cyberport signed a commercial agreement with local partners.

Binance will launch TROYUSDT perpetual contract with a maximum leverage of 75x on October 31, 2024 at 21:00 (UTC+8). The settlement frequency of the contract is every four hours, and the initial funding rate is +2.00%/-2.00%.

cryptocurrency analyst PlanB stated on social media, "Bitcoin's October closing price was $70,231, slightly lower than March's monthly closing price of $71,285. Be prepared for the US election."

According to Whale Alert monitoring, at 18:34 today Beijing time, USDC Treasury destroyed 50 million USDC on the Ethereum blockchain.

according to an analysis by the Hong Kong Economic Daily, Bitcoin recently broke through and is expected to reach a historic high in speculation about the potential results of the US election. The correlation between the price of Bitcoin and the inflow of funds is expected to further increase, and liquidity will become an increasingly important price driver. Last week, global funds poured into the US market's Bitcoin spot trading fund, betting on Trump's victory in the US election, and his support for Bitcoin was seen as a "Trump trade". The market expects the size of the US Bitcoin ETF to double by 2025 and quadruple by 2027. As for Hong Kong investment options involving Bitcoin, we will have to wait and see.

CZ, the founder of Binance, appeared on the main stage of the Dubai Binance Blockchain Week for a Q&A session, marking his first public appearance since his release.

Karl Schamotta, chief market strategist at forex company Corpay, said that the key sentence in Powell's speech was that they will "make every effort to support a strong labor market while making further progress in price stability." In my opinion, this does indicate that Powell acknowledges the increasing concerns of policymakers about the direction of the labor market. Powell did not mention the possibility of a 50 basis point rate cut in September, which to some extent also aligns with market expectations.

Web3 shopping application Bion announced the completion of a new round of strategic financing, with TON Ventures participating. The specific financing amount and valuation data have not been disclosed. Bion mainly uses blockchain technology to enhance the shopping experience and provide value-added services to consumers. The new funds will be used to expand its Web3 shopping platform that provides cashback rewards and enhance its encryption rewards.

Analyst Anna Wong said that in our opinion, Powell's statement sounded quite dovish. So far, he has not stopped the bet on a 50 basis point rate cut in September, has not indicated that rate cuts should be gradual, and has not used the phrase "methodical" like his colleagues to describe possible rate cut paths.

the RWA stablecoin protocol Usual has announced the completion of a $1.5 million new round of financing, with participation from Comfy Capital, early cryptocurrency project investor echo, Breed VC founder Jed Breed, and others. Specific valuation data has not been disclosed. Usual stated that the project plans to launch a token generation event (TGE) to support its construction of a USD0 stablecoin backed by real-world assets. The protocol raised $7 million in strategic round financing in April of this year, with investors including IOSG Ventures and Kraken Ventures. As of now, the total amount of financing has reached $8.5 million.

March, El Salvador has purchased 162 bitcoins and currently holds 5,851 BTC.

OpenAI has launched the SearchGPT plugin based on the Chrome browser. When users search for information in Chrome, the SearchGPT plugin can summarize the search results, answer follow-up questions, and personalize content recommendations.

Harker of the Federal Reserve said that we need to start cutting interest rates. This process should continue to move forward.

Lookonchain monitoring shows that 10 hours ago, a smart whale withdrew 6.9 million WIF ($15.87 million) from #Binance. The whale had previously purchased 9.8 million WIF ($15.05 million) at a price of $1.53 between August 30 and September 2, and sold all 9.8 million WIF ($23.06 million) at a price of $2.35 on September 29, earning a profit of $8 million.

According to an official announcement on August 23rd, Gate.io, as one of the official sponsors, once again focused global attention at the Coinfest Asia 2024 event. Mai Ngo, Gate.io's Southeast Asia representative, participated in the first panel discussion. She pointed out that Web3 is not only a technological advancement, but also a revolutionary change in the way brands interact with customers. She emphasized that the decentralized nature of Web3 provides brands with new interactive channels, allowing customers to participate and influence the direction of brand development. Mai Ngo also called on the industry to ensure the true decentralization of Web3, avoiding domination by big brands, and looked forward to the potential of AI technology in Web3, believing that AI will further enhance the interaction experience between brands and customers. She emphasized that brands need to use AI with caution to ensure that the technology application does not undermine the decentralization advocated by Web3.