Patrick Collison, CEO of US payment giant Stripe, posted on the X platform that Stripe has launched the function of B2B payment through stablecoins. The company's employee @BackseatVC explained that users can now create and send invoices payable in stablecoins on Stripe; when Stripe launched the "Pay with Cryptocurrency" feature last month, one of the strongest functional demands from users was to improve the B2B payment experience; with the support of the invoice function, this demand has now been met.

South Korea’s financial regulator has not only banned the issuance of cryptocurrency ETFs for spot and futures products, but also rejected funds that invest in crypto companies, including exchanges. The head of an asset management company said that their proposal to set up a fund investing in crypto companies was rejected by the country’s Financial Supervisory Service.

MicroStrategy (MSTR) has just cracked the top 100 U.S. public companies, now ranking 97th. The company’s stock surged 12% on Tuesday, surpassing the $400 mark to close at $430, jumping 29 spots. This impressive performance coincided with Bitcoin hitting a new high of over $94,000.

Archax, a UK-based compliant crypto exchange, announced that it will offer tokenized money market funds backed by State Street, Fidelity International and Legal & General Investment Management (LGIM). The first tokenized assets will be issued on the Hedera Hashgraph, XRPL and Arbitrum blockchains, and the ownership of the assets will be represented by tokenized interests held by customers.

Yao Qian, former director of the Science and Technology Supervision Department and former director of the Information Center of the China Securities Regulatory Commission, was expelled from the Party and removed from public office for serious violations of discipline and law. Investigations show that Yao Qian used his supervisory power to seek benefits for specific technology service providers, involved in power-for-money transactions such as virtual currency, and illegally accepted huge amounts of property. In addition, he also violated the spirit of the Central Committee's eight regulations, illegally accepted valuables and banquets, and violated regulations in employee recruitment, investment and shareholding. After research and decision by the China Securities Regulatory Commission's Party Committee and relevant discipline inspection and supervision departments, Yao Qian was severely punished and the suspected criminal issues were transferred to the procuratorate for review and prosecution in accordance with the law.

The amendment plans to increase the tax-free amount of crypto gains from 2.5 million won (about $1,795) to 50 million won (about $35,919). The amendment is expected to be voted on by the National Assembly’s taxation subcommittee on November 25 and submitted to the National Assembly for deliberation on November 26.

The FTX team tried to freeze Meerun’s account but failed to stop its withdrawal in time, resulting in its successful cashing out of $450 million. In addition, Meerun is also suspected of manipulating other tokens such as MOB, BAO, and SXP, taking advantage of the lack of market liquidity to obtain huge profits.

A user was attacked by a phishing attack because the first and last numbers of his wallet address were similar, and he mistakenly transferred 129 million USDT to the phishing address. However, surprisingly, the phishing gang returned 90% of the funds in less than an hour, and the remaining 10% was also returned in full after 4 hours.