Nick Timiraos, the "Federal Reserve mouthpiece," wrote that the Fed's two-and-a-half-year fight to reduce inflation appears to have been successful, but the U.S. election could change that. Both candidates support policies that promote economic growth that could prevent inflation from falling further. However, economists and even conservative advisers worry that the views supported by Trump are particularly likely to stoke the flames of inflation. These include his proposals to impose comprehensive tariffs on imported goods, expel workers, and rely on the Federal Reserve to lower interest rates. Taken together, these policies are moving in the direction of inflation. Trump's proposal could put him in a new battle with the Federal Reserve, whose mission is to keep inflation low. Any factors that reignite inflation could cause officials to slow down or even stop their plans to cut interest rates.

To support licensed virtual asset trading platforms in developing sustainable business models, the Hong Kong Securities and Futures Commission is establishing a formal advisory group for all licensed virtual asset trading platforms, composed of representatives from each licensed institution, to ensure that the Securities and Futures Commission considers their views in the policy-making process. The Hong Kong Securities and Futures Commission expects the advisory group to be launched in early 2025. The Hong Kong Securities and Futures Commission will publish a white paper on priority regulatory issues in the virtual asset industry in the future, which will be based on future discussions of the group and feedback from other stakeholders.

1inch announced a long-term cooperation agreement with Bruce Lee's family company to promote the adoption of DeFi and Web3. 1inch said that the name "1inch" itself is derived from Bruce Lee's iconic "one-inch punch". Bruce Lee's versatility, agility and innovative spirit have always guided its development of products such as Fusion+.

Hong Kong government officials announced a common framework under which different regulators can develop policies governing the use of artificial intelligence (AI), which is seen as key to the future development of finance and other industries. They also proposed extending tax incentives for holding digital assets such as cryptocurrencies and pledged to complete relevant legislation by the end of the year.

Hong Kong Exchanges and Clearing Limited (HKEX) announced today that it will launch the HKEX Virtual Asset Index Series (Index Series) on November 15, 2024 to provide a reliable benchmark price for this rapidly emerging asset class and support Hong Kong's development into Asia's leading digital asset hub. The Index Series will provide a transparent and reliable benchmark for the pricing of Bitcoin and Ethereum in the Asian time zone, and is committed to providing a unified reference price for virtual assets to address price differences between such assets on global exchanges. HKEX Group Chief Executive Officer Peter Chan said: "We are pleased to launch the HKEX Virtual Asset Index Series to meet the region's demand for this rapidly emerging asset class. By providing a transparent and reliable real-time benchmark, we hope to help investors make informed investment decisions, thereby supporting the healthy development of the virtual asset ecosystem and consolidating Hong Kong's position as an international financial center."

Japanese listed company Metaplanet announced that it had purchased an additional 156.78 bitcoins for 1.6 billion yen. It currently holds a total of 1,018.17 bitcoins with an average purchase price of $61,552.

X platform user @Nomad02887202 posted that the Ethena team is currently using 180 million ENA tokens (25% of SENA supply, used to earn Sats) to conduct Sats liquidity mining in Season 3, which actually dilutes the rewards of other participants and raises great concerns about the ethics of the team. The timeline of evidence is as follows:

An AI venture capital fund called ai16z on the emerging platform Daos.fun has reached a market value of nearly $100 million, driven by the a16z partner Marc Andreessen it emulates. The robot, modeled after Marc Andreessen’s work, manages a fund called ai16z, which currently holds about $1 million worth of assets, mostly in Degen Spartan AI tokens from the robot’s creator, Shaw. The creators of the a16z fund aim to have Andreessen’s AI replica trade based on recommendations from DAO members, which are weighted based on the members’ token holdings and the quality of their recommendations.

The Hong Kong government intends to improve the regulation of virtual asset transactions. The Deputy Secretary for Financial Services and the Treasury, Chan Ho-lim, said that the government plans to complete the second round of public consultation on the regulation of over-the-counter (OTC) transactions of virtual assets next year, and will also put forward a proposed licensing system for regulating virtual asset custody service providers for consultation next year to ensure that the safe custody of digital assets meets international standards.

Crypto artist Beeple (Mike Winkelmann) said in a recent interview: "At present, NFT speculators have left, leaving only some core enthusiasts who 'understand the technology'. Looking back on that era, I think it's crazy because NFT has been hated for much longer than it has been loved. We lost a lot of users, but those people were never for art, I could see it at a glance. Speculators have moved on, but people are still passionate about this kind of thing."

When asked in an interview with Bloomberg whether she was still confident that Bitcoin would reach its $1 million target, Cathie Wood, CEO of Ark Invest, said: “Yes, the greater the uncertainty and volatility in the global economy, the stronger our confidence in Bitcoin. One of the reasons is that we have just experienced an inflation panic, which we believe is mainly caused by supply chain problems, and Bitcoin is a hedge against inflation.”