At the "New Financial Ecology - Web3.0 Navigation: Hong Kong Market High-end Dialogue" event, Hong Kong Legislative Council member Qiu Dagen said when talking about the development of Hong Kong stablecoins that the global scale of stablecoins has reached 100 billion US dollars. For Hong Kong, the scenario application of stablecoins is the key, such as whether it is possible to expand more scenarios besides international payments. In addition, Qiu Dagen also said that whether it is possible to issue RMB stablecoins is also a direction worth exploring at present.

BTC options and ETH options with a total notional value of approximately $2.37 billion will expire tomorrow. Among them, the notional value of BTC options to expire is $2.02 billion, the Put Call Ratio is 0.90, and the maximum pain point is $69,000; the notional value of ETH options to expire is $350 million, the Put Call Ratio is 0.66, and the maximum pain point is $2,550.

Nate Geraci, president of The ETF Store, said in a post on X that the U.S. SEC has officially confirmed that it has received an application to convert the Grayscale Digital Large Cap Fund (GDLC) into an ETF, and the SEC is soliciting public opinions.

Meme trading tool ABOT announced that it will gradually shut down its business. The specific arrangements are as follows: service fees will be reduced to 0; Meme functions will be removed from the shelves on January 1, 2025; non-meme functions will be removed from the shelves and the website will be closed on January 7, 2025; new function development will continue until December 31, and real-time problem response will continue before the website is closed.

The latest financial report of US technology giant Meta shows that its Metaverse business is still losing billions of dollars every quarter. Meta released its third-quarter financial report on Wednesday, saying that its Reality Labs division, which develops augmented reality and virtual reality technology, suffered an operating loss of $4.43 billion. The loss was slightly smaller than the $4.68 billion expected by analysts surveyed by StreetAccount.

Base, the Ethereum Layer 2 network developed by Coinbase, announced on the X platform that fault proofs are now live on the Base mainnet, marking an important milestone on Base's path to decentralization. With the introduction of this mechanism, anyone can monitor and challenge invalid withdrawal transactions without permission, eliminating the need for third-party trust.

Regarding MicroStrategy's recent plan to raise $42 billion in the next three years, Wang Feng, founder of Linekong Interactive, posted on the X platform today that in 2019, he proposed that Linekong Interactive invest $20 million to buy Bitcoin (the price was less than $6,000 per coin at the time), but was strongly opposed by board members and a major shareholder representative and threatened to sue. At present, he regrets that this plan was not implemented at the time, and said: "MicroStrategy started buying Bitcoin on a large scale only in 2020. If my plan for the listed company in 2019 can be implemented, we will have about 2 billion yuan in cash on the books." Then, Wang Feng mentioned that the company did not start to implement the Bitcoin investment plan until Wang Feng resumed his position as CEO in early 2023, but the price of Bitcoin had risen to $26,000 per coin at that time.

Five hours ago, Wintermute withdrew 115 BTC (about $8.32 million) from Coinbase. Within 24 hours, it withdrew a total of 1,713 BTC (about $123.8 million) from Binance, Coinbase, and Cobo. It currently holds 1,969 BTC (about $143 million).

The total computing power of the Bitcoin network briefly exceeded 800 EH/s, reaching a maximum of 803.75 EH/s, a record high. The current total computing power of the Bitcoin network is 749.52 EH/s.

Polygon co-founder Daniel Lubarov said on the X platform that its zero-knowledge proof system Plonky3 can now process more than 2 million Poseidon2 hash operations per second. This progress is mainly related to memory optimization, including avoiding data copying, skipping zeroing operations, and merging FFT steps to keep content in cache.

Yesterday (October 30, EST), Bitcoin spot ETFs had a total net inflow of $893 million. As of press time, the total net asset value of Bitcoin spot ETFs was $72.458 billion, and the ETF net asset ratio (market value to the total market value of Bitcoin) reached 5.03%, with a historical cumulative net inflow of $24.177 billion.

A report from the Financial Services Commission of South Korea shows that the number of cryptocurrency investors in the country reached 7.78 million in the first half of 2024, up 21% from 6.45 million in the second half of 2023. During the same period, the average daily trading volume of cryptocurrencies increased by 67%, from 3.6 trillion won to 6 trillion won. In addition, the total market value of cryptocurrencies in the country increased by 27% to 55.3 trillion won. The profits of 21 local crypto exchanges also jumped 106% to 590 billion won.