Deutsche Telekom subsidiary MMS has partnered with Bankhaus Metzler to launch a pilot project to operate a Bitcoin mining infrastructure using surplus energy. Mining will be powered by electricity from renewable sources that would otherwise not be available due to insufficient grid input capacity and/or lack of storage options. The pilot project aims to provide effective field data and insights for the planning of subsequent projects.

CATIZEN has officially launched the second Launchpool event, RoOL (GODL). RoOLZ Studios is a Telegram Mini App that focuses on the development of animation and short video functions. As of today, RoOlZ Studios has produced online series with more than 3 billion social media views; their NFT collections and animation series have achieved significant growth and success in the TON ecosystem, not only ranking steadily in the top ten on the TON ecosystem NFT exchange GetGems, but also the number of animation series views has exceeded 20 million times, and the TON native application currently has more than 10 million active users.

Victory Securities, a virtual asset broker, announced that it plans to start promoting virtual asset structured products to qualified professional investors by the end of this year, and provide designated products and services to customers who hold stablecoins through the company's platform to help customers earn additional income. Victory Securities announced that it has been approved by the Securities and Futures Commission to sell cash-settled virtual asset structured products to qualified professional investors, making it the first licensed brokerage firm in Hong Kong to be approved. Such products use virtual assets as reference assets to help customers obtain higher potential returns, manage market volatility risks, achieve arbitrage and other investment goals in specific market conditions.

Julian Sawyer, CEO of Standard Chartered's crypto custody company Zodia Custody, said in an interview that the company is seeking $50 million in funding from investors to fuel its plans to expand into new regions and expand its product range. Sawyer added that although Zodia is currently backed by several wholesale financial companies, it now hopes to attract more different types of investors, including payment and tokenization companies; cryptocurrency-focused consulting firm Architect Partners is assisting in this work, which began last month.

Digital asset investment products saw inflows of $2.2 billion last week, bringing year-to-date inflows to a record $29.2 billion. This inflow, combined with recent price gains, has pushed total assets under management (AuM) above $100 billion for only the second time in history, matching the $102 billion level seen in early June 2024. Trading volume increased 67% month-over-month to $19.2 billion, accounting for 35% of total Bitcoin trading volume on trusted exchanges.

Binance Futures will launch the PONKEUSDT perpetual contract at 20:30 (ET) on November 4, 2024, with a maximum leverage of 75x.

Changpeng Zhao, former CEO of Binance, responded to Justin Sun on the X platform, saying: “Thanks for the support, this is recognition from someone who runs two competing exchanges. We should work to reduce such ‘quote attacks’ in the industry. Bitcoin has never paid any listing fees. Focus on projects, not exchanges.”

Last month, Solana hit a new all-time high in monthly active addresses, exceeding 123 million. Data shows that the number of unique addresses signing transactions on Solana has increased by more than 42% from September's figures. In January of this year, the network had less than 12.7 million active addresses.

The draft revision of the Anti-Money Laundering Law was submitted to the 14th National People's Congress Standing Committee for the third review on the 4th. The third draft further clarifies the conditions for financial institutions to take money laundering risk management measures to avoid affecting the normal financial activities of customers.

Recently, Coinbase's global executives and directors approved a trading plan to sell more than $900 million worth of cryptocurrency trading platform shares. Among them, three Coinbase executives and two directors will sell up to 5 million shares. Based on Friday's closing price of $182.88, these shares are worth a total of $909 million. Company insiders adopt such plans to avoid being accused of bias due to possession of non-public information. When specific conditions such as price, trading volume, and time are met, the plan automatically executes transactions. Coinbase disclosed the adoption of these trading plans in a filing with the Securities and Exchange Commission on October 30. The plan is expected to start on November 18 and end no later than November 14, 2025.