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Ethereum Surges Over $4,000 Amidst Market Speculation and Increased Short Positions in Anticipation of Trump-Xi Tariff Discussions
Facing internal disagreements and immense political pressure, how will Federal Reserve Chairman Powell signal the future policy path? This may be the key factor determining the direction of the market.
The airdrop also involved controversial addresses, including individuals linked to insider trading scandals and large holders with abnormal behavior, which further intensified the community's trust crisis and exposed the project to the risk of class action lawsuits.
How does the x402 Foundation turn a single line of code into the golden key for AI payments?
The rise of Sun Wukong not only represents Justin Sun’s strategic positioning in the decentralized contract sector once again, but also symbolizes the resurgence of the Chinese DEX narrative.
In Brief JPYC Inc. released Japan's first legally recognized yen-backed stablecoin, JPYC. JPYC operates on multiple blockchains and aims to reach 10 trillion yen circulation. Japanese tech and finance firms support JPYC’s integration into various ecosystems.
In Brief Tokenomist data reveals $653 million in coin releases from October 27 to November 3. SUI, GRASS, and SIGN coins will see significant market supply increases. Daily releases continue for major projects like Solana, Worldcoin, and Dogecoin.
In Brief Ant Group applied for AntCoin trademark in Hong Kong, signaling digital finance aspirations. The company's move could align AntCoin with new stablecoin regulatory framework. AntCoin indicates Ant Group's strategic integration of traditional finance and blockchain.
In Brief ClearBank joins CPN for enhanced blockchain-based payments with Circle integration. Collaborative efforts focus on stablecoin-regulated international transfers. Innovations expected to reduce costs and dependency on traditional systems.
- 16:39Hong Kong's first Solana spot ETF is listed, with an initial scale of 21.29 million HKDOn October 27, it was reported that Hong Kong's first Solana spot ETF—China Asset Management Solana ETF—was officially listed on the Hong Kong Stock Exchange, becoming the third type of cryptocurrency spot ETF approved by the Hong Kong Securities and Futures Commission after Bitcoin and Ethereum. According to SoSoValue data, the first day's trading volume reached 11.39 million HKD, with total net assets of 21.29 million HKD, equivalent to approximately 13,461 SOL. The HKD counter closed at a discount of -0.60%, indicating strong selling pressure. In terms of first-day trading volume, this is about half of the trading volume generated by the listing of Hong Kong's Ethereum spot ETFs on April 30, 2024 (when three products were listed simultaneously). The China Asset Management Solana ETF is issued by China Asset Management (Hong Kong) and was approved by the Hong Kong Securities and Futures Commission on October 22. Its features include: supporting cash or in-kind subscription and redemption, not supporting additional yield through Solana staking, a management fee rate of 0.99%, and multi-currency trading: supporting HKD (code 3460), RMB (code 83460), and USD trading (code 9460).
- 16:28The "100% win rate whale" continues to increase long positions in BTC and ETH, with current positions exceeding $430 million and additional limit buy orders placed.Jinse Finance reported that the "100% win rate whale" (address starting with 0xc2a3) continues to increase BTC and ETH long positions. The current holdings are: 2,041.55 BTC (worth $234.88 millions); 47,548.42 ETH (worth $198.27 millions). He has also placed limit orders to add more BTC longs in the range of $114,206 to $114,527.
- 16:28Meta’s Threads launches temporary post feature, allowing users to share “random thoughts”Jinse Finance reported that Meta Platforms (META.O)'s social platform Threads (a competitor to Twitter) is launching a timed post feature to encourage more users to share "spontaneous thoughts" on the platform without worrying about the content remaining permanently on their personal homepage. This feature, called "ghost posts," will appear in the feed alongside other regular posts but will disappear after 24 hours. Its model is similar to the popular "Stories" feature in Meta's other apps such as Facebook, Instagram, and WhatsApp. Replies to ghost posts will be sent as private messages rather than public comments. In a blog announcement on Monday, the company stated that the new feature aims to encourage people to "share spontaneous thoughts and fresh perspectives without the pressure of content being permanently stored or carefully curated."