Today's hot news is interpreted as follows:
Solana Ecosystem Progress:
The mining project ORE on Solana has officially upgraded to Steel v2, and more than 75% of eligible tokens have chosen to upgrade, which marks the success of the hard fork. The Steel v2 framework will help developers build safer and more maintainable smart contracts on Solana. Solana's cross-chain bridging activities continue to be hot, with more than $600 million in tokens bridged from other chains to Solana in October, of which more than 90% came from Ethereum. This shows that the Solana ecosystem is attracting more and more users and assets.
DeFi field:
The total locked volume of the Equilibria protocol has increased by 142% in the past two months to $194 million. This is due to its success on the BNB Chain and the increase in community participation brought about by the distribution of BTCfi points.
Financial market:
Morgan Stanley strategists advise investors to be cautious during the upcoming US election and avoid overconfidence in the results of the election. A whale has added 880 BTC, or about $61.17 million, at an average price of $69,511 in the last three days, indicating that the market's bullish sentiment on BTC remains strong. The UAE entered the U.S. Treasury market through a tokenized Treasury bond fund, which will provide investors with more investment options and introduce alternative assets to the chain.
Others:
Tether CEO clarified that Tether currently has no plans to launch an official blockchain, but multiple L2s are exploring ways to use USDT as a support method for transaction fees. Musk said on the social platform that a heavy blow to the oppressive big government machine representing Harris' puppet is coming, reflecting his dissatisfaction with the current state of American politics.
Overall, today's hot news reflects the continued development of the Solana ecosystem, the active innovation in the DeFi field, and the financial market's bullish sentiment on BTC remains strong. At the same time, the approaching U.S. election has also brought some uncertainty to the market. Bullishness is the main theme for the coming November
