Paxos announced the launch of its second localized stablecoin product in Singapore, USDG, a Singapore-compliant stablecoin with USD reserves managed and held by DBS Bank. USDG complies with the upcoming stablecoin framework set by MAS in August 2023. As such, USDG is currently available on the Ethereum blockchain and will be launched on other blockchains as regulations evolve.

BNB Chain completed the 29th BNB quarterly destruction, destroying a total of 1,772,712.363 BNB, with a USD value of approximately US$1.07 billion at the time of destruction.

PANews reported on November 1 that according to Onchain Lens monitoring, in the past 20 hours, WisdomTree deposited 8,258 BTC worth $598.89 million and 48.83 ETH worth $125,000 to Coinbase. WisdomTree still holds 5,611 BTC worth $388 million and 16,767 ETH worth $41.9 million.

The ZetaChain status page shows that the ZetaChain mainnet network outage has been resolved and all systems are operating normally.

The ZetaChain status page posted an update at 12:23: “The cause has been identified. The network outage was caused by a new update that was rolled out to a small number of validators, which caused a consensus failure. We believe that we have identified the root cause of this consensus failure and will provide a more detailed root cause update after reproducing the problem on the development network. The current priority is to restore the normal operation of the network. We have rolled back the managed validators to version v20.0.5 of the node software and asked community members to do the same. Most members of the community have completed this operation, and currently about 60% of participants are using the correct version of the software. A small number of validators were unable to participate in voting after trying to run the version that caused the consensus outage (v20.0.6) and are currently resynchronizing from the snapshot. Once these remaining validators have completed synchronization, we expect the network to resume operation. We will provide another update in 60 minutes and hope that the network will be back to normal before then.”

After the BTC price fell, 3 hours ago, a whale address bought 550 BTC (about 38.68 million US dollars).

The ZetaChain mainnet has suspended block production for 4 hours, and the latest transaction stopped at block 5529896 (11:32:15 Beijing time today).

Chris Burniske, former head of crypto at Ark Invest and current partner at Placeholder VC, posted on the X platform that he has never reduced his holdings in TIA so far, but has been increasing his holdings since its issuance and continues to be bullish on TIA.

A whale address that has longed the ETH/BTC exchange rate has sold 3,987 WETH (about $10.05 million) at an average price of $2,519 in the past four hours to exchange for WBTC to repay Aave loans, completely clearing its positions and ending a year-long "long exchange rate operation". Since 2024, the address has accumulated losses of more than $22.45 million due to long exchange rates.

A recent poll shows that US Vice President and Democratic presidential candidate Harris leads former US President and Republican presidential candidate Trump by only a narrow 1%, but 10% of voters may change their minds before the election.