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.

The case involves 10,000 Astrals NFTs and the associated “Galaxy” governance token built on the Solana network, with U.S. District Judge Federico Moreno in Miami ruling that the assets may be considered securities and O’Neill was identified as a possible “seller” due to his role as a “spokesperson” for the project.

Upbit Exchange announced the addition of new trading markets supporting JasmyCoin (JASMY) and PolySwarm (NCT), supporting trading pairs for BTC and USDT, based on the Ethereum network.

There are rumors that BlackRock, the world's largest asset management company, has supported the idea of establishing a strategic Bitcoin reserve in the United States, but as of now BlackRock has not issued an official statement to confirm this.