Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood announced the launch of the Global Dollar Network. The new stablecoin USDG is issued by Paxos in Singapore and runs on Ethereum. https://paxos.com/blog/introducing-global-dollar-network-an-open-network-to-accelerate-and-reward-global-stablecoin-adoption-driven-by-anchorage-digital-bullish-galaxy-digital-kraken-nuvei-paxos-and-robinhood/

An undisclosed pension fund in the UK has invested 3% of its assets directly in Bitcoin for the first time, becoming the first in the country. The investment amount is about 50 million pounds. The pension fund invested directly in Bitcoin itself, rather than through an ETF. Its private keys were distributed to five independent institutions to ensure security.

Mt. Gox: Cold Wallet (12Gws) transferred 32,371 BTC to the address starting with 1FG2Cv at 7:38 UTC+8 today, worth about $2.19 billion. Currently, Mt.Gox still holds 44,378 BTC, worth $3 billion. https://platform.arkhamintelligence.com/explorer/entity/mt-gox

The public pension fund of Michigan in the United States recently disclosed that it has held more than $10 million worth of Ethereum ETFs. This investment shows that the fund's interest in crypto assets is no longer limited to Bitcoin. https://www.theblock.co/post/324355/state-of-michigans-state-pension-fund-discloses-over-10-million-worth-of-ethereum-etf-holdings

BingX Labs announced its investment in AgentLayer, a project focused on building a decentralized, permissionless network for autonomous AI agents. The project was launched on BingX Launchpool in early September 2024. Developers can deploy AI agents as Telegram bots, opening new pathways for interaction and expanding reach within the Telegram/TON ecosystem.

Singapore Gulf Bank, the digital bank backed by Mumtalakat, the sovereign wealth fund of the Kingdom of Bahrain, and Singapore's largest privately-held investment group Whampoa Group, announced today the launch of its corporate banking services. This is the first regulated bank in Bahrain offering comprehensive crypto-compatible banking services.

VC Monthly Report for Oct: October's total funding reached $780 million, a 28% increase from September ($610 million). 95 publicly announced Crypto VC investment projects in October, down 3% from September. Stripe acquired Bridge for $1.1 billion. Blockstream raised $210 million through convertible notes.

Singapore Gulf Bank, the digital bank backed by Mumtalakat, the sovereign wealth fund of the Kingdom of Bahrain, and Singapore's largest privately-held investment group Whampoa Group, announced today the launch of its corporate banking services. This is the first regulated bank in Bahrain offering comprehensive crypto-compatible banking services.

MMS, a subsidiary of Deutsche Telekom, one of the largest telecommunications companies in Europe, will work with Bankhaus Metzler to operate a Bitcoin mining infrastructure using surplus energy. By mining using renewable energy, the project aims to provide data support for grid stability, especially during fluctuations in energy supply.

OSL Group announced the acquisition of CoinBest, a Japanese compliant cryptocurrency exchange. The share purchase agreement will allow OSL to acquire an 81.38% stake in CoinBest K.K., which is licensed by the Japanese Financial Services Agency. OSL is the first licensed cryptocurrency exchange in Hong Kong.

Binance announced that it will launch PONKEUSDT perpetual contract with up to 75x leverage at 2024-11-04 12:30 (UTC). PONKE is a memecoin on Solana centered around the image of a monkey. Binance has not yet launched PONKE spot trading. https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-ponkeusdt-perpetual-contract-with-up-to-75x-leverage-a55d38732b34452ab9f78ac8832af59c

Last week, from October 28 to November 1, Bitcoin spot ETF had a net inflow of $2.22 billion, the third largest weekly net inflow in history. BlackRock ETF IBIT had a weekly net inflow of $2.15 billion. Ethereum spot ETF had a net inflow of $13 million last week.

According to Tokenomist, the single unlocking amount in the next 7 days will be greater than 5 million US dollars, including NEON BANANA ADA XAI BGB AGI, etc., and the linear large unlocking in the next 7 days includes SOL WLD TIA TAO AVAX DOGE SEI NEAR DOT SUI FIL, etc. The total unlocking value exceeds 349 million US dollars.

Naval Ravikant, a well-known angel investor in Silicon Valley, said: Most crypto projects die because the founding team gets rich too early and you can’t recruit your way out of that. Kyle, the co-founder of Muliticoin, agreed and said that the best founders are not completely driven by finance.

Stablecoin issuer Circle said that Hong Kong is an important market for USDC and intends to hire more employees and establish business in Hong Kong. It is currently waiting for the introduction of new stablecoin regulations in HK and will consider applying for a license; HK has great advantages in developing stablecoins, including the ability to achieve same-day US dollar settlement and is also the largest capital market in the Asia-Pacific region.

The Ethereum and Solana hot wallets of the online casino Metawin were hacked. Using the "frictionless withdrawal system" vulnerability of the protocol, hackers stole more than $4 million. Some of the funds have been transferred to Kucoin and HitBTC. https://www.theblock.co/post/324251/crypto-casino-metawin-loses-4-million-to-exploit-of-ethereum-solana-hot-wallets

The Federal Reserve will announce its interest rate decision on November 7 this week, and CME shows a 99.7% probability of a 25bps rate cut. In addition, voting for the US presidential election will begin on November 5, and the results are expected to be determined around November 6.

Moonrock Capital CEO Simon said that a Tier 1 project received a request from Binance to list, but they were required to provide 15% of the total token supply. Coinbase CEO Brian said that Coinbase listing coins is free. However, Andre Cronje refuted that Binance did not charge them any fees, and Coinbase recently asked for $60m (probably referring to FTM token).

Asia's weekly TOP10 crypto news (Oct 28 to Nov 3) Hong Kong Considers Tax Incentives for Crypto Investments, HKEX to Launch Virtual Asset Index Series, Japan’s First Meme-Based Crypto Asset PEPE Listed on BitPoint, Thai Police Allegedly Extort Chinese National, Demand USDT Payment and more

Coinbase CEO Brian Armstrong said that over time, some diversified investments will be made, including investments in moonshot projects, but the vast majority of Coinbase shares will still be retained.He listed about 10% of my holdings in the 10b51 plan, but much of that at substantially higher price limits than COIN today.