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.

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.

Binance will launch Thena's simple earning product on November 27, 2024 at 10:00 (UTC), and add THE as a borrowable asset and THE/USDT trading pair in leveraged trading at 12:00 (UTC) on the same day. In addition, Binance will launch THEUSDT perpetual contract at 12:15 (UTC) on November 27, 2024, supporting up to 75x leverage.

decentralized derivatives trading platform dYdX announced that it will launch an upgraded version called dYdX Unlimited in November. The upgrade will include permissionless market listings, MegaVault (which obtains liquidity from dYdX users and acts as a market maker for all dYdX Chain markets), and the Affiliates Program. The company also stated that it plans to release a series of other enhanced features in the coming months, including new integrations with popular wallets and third-party services, permission keys, instant deposits, and more innovative features.

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.

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.

PeckShieldAlert monitoring shows that the address marked as the FTX liquidation person's main wallet has just transferred about 11,400 SOL tokens (worth about $2.66 million) to Binance.

The QUAKECore Network is using blockchain technology to create a decentralized seismic sensor network that can detect natural disasters early. The initiative aims to democratize disaster alerts by using a community-owned infrastructure and incentivized data-sharing model powered by its native $QCT token. The system relies on blockchain technology for transparency, scalability, and efficiency, leveraging peaq, a layer-1 blockchain designed for DePINs. QUAKECore offers a decentralized approach to disaster detection by building a global network of seismic sensors, including proprietary QUAKE Devices, third-party stations, and smartphones. The system aims to revolutionize disaster management by empowering individuals to participate in seismic data collection and providing real-time alerts.

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.

Lookonchain monitoring shows that 12 days ago, a trader spent only 0.75 SOL (160 USD) to purchase 12.5 million CHILLGUY on Pump.fun, and then sold 1.49 SOL (35.4 thousand USD) at a price of 28,000 CHILLGUY. The trader still holds 9.62 million CHILLGUY (6.1 million USD), with a total profit of 6.14 million USD.

cryptocurrency stocks rose before the US stock market opened, with Coinbase (COIN.O) up 1.9%, Bitfarms up 1.5%, and MicroStrategy (MSTR.O) up 4.3%.

According to data monitored by Lookonchain, two whales deposited 226,741 TRB coins (worth $12.18 million) into OKX in the past 12 hours, accounting for 8.42% of the total supply.

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.

the market shows that AAVE has broken through $190 and is now trading at $190.1, with a 24-hour increase of 9.51%. The market fluctuations are large, so please be prepared for risk control.

According to on-chain data analyst @ai_9684xtpa, the smart money with a win rate of 85.7% has once again succeeded in its 15th wave, earning $1.51 million. In the past half hour, they have cleared 11,267 ETH (costing $2,910) bought yesterday at an average price of $3,043.6, or approximately $34.29 million. Their current record is 15 wins out of 13 battles, with a win rate of 86.7%, and a total profit of $5.38 million.

the market shows BNB has broken through $630 and is currently trading at $630.04, with a 24-hour increase of 5.52%. The market is volatile, so please be prepared for risk control.

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

The Data Nerd reported that yesterday, the smart money address starting with BteM1 exchanged about 14.29 million UBC on Solana for 40 SOL (about $9,500). Just now, this investment has appreciated to $1 million, with an unrealized profit of about $990,000 (a return on investment of up to 100 times). He has not sold any tokens yet.

the People's Bank of China, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the National Bureau of Statistics, and the State Administration of Foreign Exchange have issued the "Action Plan for Promoting High-Quality Development of Digital Finance" to create an efficient and secure payment environment. The plan aims to enhance the emergency response capabilities of payment systems in special situations, strengthen the continuity management of payment system business, ensure the security, stability, and continuous operation of payment systems, improve system functions, enrich business scenarios, enhance the quality and efficiency of payment system services, and continuously improve a widely covered, efficient and secure modern payment system. The plan also aims to steadily promote the pilot of digital RMB, continuously improve the acceptance environment of digital RMB, enrich the usage scenarios of digital RMB, and strengthen the anti-money laundering supervision of digital financial business.

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.