Franklin Templeton launches its first tokenized money market fund in Hong Kong.

According to The Block, Franklin Templeton launched its first tokenized money market fund in Hong Kong, the "Franklin OnChain US Government Money Fund," backed by short-term US Treasury bonds and issuing and recording ownership through blockchain. This initiative is the first project to be implemented under the Hong Kong Monetary Authority's "Fintech 2030" plan, which covers AI and tokenization ecosystem development. The fund participates in the HKMA's "Project Ensemble" sandbox, collaborating with HSBC and OSL to test tokenized deposits and fund flows, aiming to achieve near-instantaneous settlement between traditional and on-chain systems. A Ripple and BCG report projects that the tokenization of real assets could reach approximately $19 trillion by 2033.

Robinhood's Q3 profit surged, with Crypto revenue jumping 300% to $268 million, but still falling short of expectations.

According to Bloomberg, Robinhood's Q3 earnings report showed a 271% year-over-year increase in net profit to $556 million, exceeding market expectations; cryptocurrency trading revenue jumped 300% to $268 million, but still fell short of analysts' expectations. Meanwhile, CFO Jason Warnick will leave the company in Q1 2026, and will be succeeded by Shiv Verma.

Apple plans to pay approximately $1 billion annually to bring in Google Gemini to power the new version of Siri.

According to Bloomberg, Apple is reportedly planning an agreement with Google to introduce a custom Gemini model with 1.2 trillion parameters to handle Siri's summarizer and planner functions, at an annual cost of approximately $1 billion. The new Siri is expected to launch next spring, with some functions still using Apple's self-developed model, running on Apple's Private Cloud Compute to isolate data. This solution serves as a transition, with Apple developing a cloud model with approximately 1 trillion parameters in parallel, aiming to eventually replace Gemini. The Chinese version of Siri, due to the Google ban, will adopt a local solution and collaborate with Alibaba's filtering layer and Baidu.

The Bitmine address received 20,205 ETH from Coinbase and FalconX, worth approximately $69.89 million.

According to Onchain Lens, Bitmine bought 20,205 ETH from Coinbase and FalconX early this morning, worth approximately $69.89 million; at the same time, address "0xca6" received 4,009 ETH from Galaxy Digital, bringing its total holdings to 13,281 ETH, worth approximately $45.58 million.

Tuttle has applied for a single-stock ETF called "Crypto Blast," aiming to combine put spreads with crypto ETFs.

Bloomberg analyst Eric Balchunas tweeted that Tuttle has submitted an application for a single-stock ETF called "Crypto Blast," which proposes to implement a weekly payback strategy for the underlying stock while investing unmargined cash in cryptocurrency ETFs tracking BTC, ETH, and SOL.

OpenAI CFO: OpenAI is not yet ready for an IPO.

According to the Wall Street Journal, OpenAI's CFO stated that OpenAI is not yet ready for an IPO. With a "very healthy" gross margin, OpenAI is on track to break even and hopes for federal support for its data center investments. The market should have more confidence in the potential of artificial intelligence. OpenAI CFO Sarah Friar stated that the market is overly concerned and focused on a potential bubble in the AI field and should show more "enthusiasm" for the technology's potential. Friar said, "When I think about the actual impact of AI and its impact on individuals, I think people aren't enthusiastic enough about AI. We should keep working on it." To support the construction of its AI data centers, OpenAI has entered into a series of major deals with Nvidia and AMD, which have been criticized as "circular financing arrangements." However, Friar denies this circularity, stating, "What we're doing right now is building the complete infrastructure to get more computing into the world. I don't think it's circular at all. A lot of work last year was diversifying the supply chain."

World Economic Forum Chairman warns: AI, cryptocurrencies, and debt could become three major bubbles.

World Economic Forum (WEF) Chairman Borg Brende said on Wednesday that global financial markets may face three potential bubbles that deserve global attention. Speaking during a visit to São Paulo, Brazil's financial center, Brende said, "We may see bubbles emerge in the future. First, a cryptocurrency bubble; second, an AI bubble; and third, a debt bubble." He added that government debt levels have never been this high since 1945. Brende pointed out that while AI promises significant productivity gains, it could also threaten a large number of white-collar jobs. "The worst-case scenario is that we may see a phenomenon similar to the 'Rust Belt' in major cities, where jobs with a large number of back-office positions and a high concentration of white-collar workers are more easily replaced by AI." He cited recent layoff announcements by companies like Amazon and Nestlé as an example of this trend.

Coinbase has listed Intuition (TRUST), and trading and deposits are now open.

According to Coinbase Markets, Coinbase has launched Intuition (TRUST) on coinbase․.com and the Coinbase App, allowing users to buy, sell, exchange, send, receive, and store the asset.

US stocks closed higher: all three major indexes rose, while Nvidia fell nearly 2%.

U.S. stocks closed Wednesday with the Dow Jones Industrial Average up 0.48%, the S&P 500 up 0.37%, and the Nasdaq Composite up 0.65%. Tesla (TSLA.O) rose nearly 4%, Nvidia (NVDA.O) fell nearly 2%, and Advanced Micro Devices (SMCI.O) plunged 11%. Blockchain concept stocks generally rose, with Coinbase (COIN) up 3.9%.

WLFI has announced that it has designated Meme Coin 1 as a strategic reserve and has begun holding it.

WLFI, the Trump family's crypto project, stated on the X platform: "As part of promoting the adoption of USD1 on Solana, we are rebuilding the ecosystem with official partners bonk.fun and Raydium. WLFI has acquired some 1 tokens as a strategic reserve to solidify WLFI's community position on USD1."

Bybit Alpha and Byreal have recently listed WETH and are now open for trading.

According to the official announcement, Bybit Alpha and Byreal now support direct trading of the on-chain token $WETH. Bybit Alpha users can quickly trade simply by logging in, without needing a separate wallet, and track the market prices of popular tokens in real time. Byreal DEX delivers a fully on-chain CEX-level trading experience on Solana, featuring deep liquidity, zero gas fees, and zero slippage.

RedStone launches the HyperStone oracle to support the permissionless marketplace on Hyperliquid.

According to The Block, decentralized oracle network RedStone has launched HyperStone, a dedicated data oracle that supports Hyperliquid's HIP-3 framework, enabling permissionless perpetual contract market creation. This new infrastructure aims to provide developers building derivatives markets with a faster and more reliable price data source. HyperStone will serve as the data backbone of the HIP-3 market, allowing developers to launch perpetual contracts for virtually any asset, from cryptocurrencies to tokenized stocks and real-world data. RedStone stated that HyperStone has been running on the testnet for over 60 days, providing over 103 million data updates in test markets for ETH, BTC, and TSLA. This launch is part of RedStone's larger-scale expansion within the Hyperliquid ecosystem. The company claims to have secured approximately 99.5% of the value protected by the oracle on HyperEVM and has become the official price data provider for Hyperliquid's native stablecoin, USDH.

Monad plans to launch its Layer 1 blockchain mainnet and native token on November 24.

According to The Block, a team member revealed that Monad plans to launch its upcoming Layer 1 blockchain and native token at 9:00 AM ET on November 24th (10:00 PM Beijing time on November 24th). The Monad Foundation opened a token claiming portal from mid-October to November 3rd (Monday), allowing users to view their MON token allocation and connect their wallets. Its specific token economic model has not yet been disclosed. At launch, Monad plans to integrate with decentralized applications such as Uniswap, Magic Eden, and OpenSea, and support wallets such as OKX, Backpack, MetaMask, and Rabby, as well as other options.

Grayscale announced a temporary waiver of management fees for the Solana ETF and a reduction in staking-related fees.

According to Globenewswire, Grayscale announced that it will waive sponsor fees and reduce staking-related fees for the Grayscale Solana Trust ETF (ticker symbol: GSOL) for up to three months, or until the fund's assets under management (AUM) reach $1 billion (whichever comes first). Currently, the fund has up to 100% of its SOL holdings staked, with a staking reward rate of 7.23%, and this fee waiver applies to both new and existing GSOL investors.

Stable: The second phase of the pre-deposit program will begin tomorrow, with a cap of $500 million.

Stable, a stablecoin public chain, announced on the X platform that the second phase of its pre-deposit campaign will launch on November 6th at 22:00 (UTC+8), accepting up to $500 million in eligible deposits. Participation requires depositing USDC and completing KYC (Know Your Customer) procedures. Each verified user is limited to one wallet. All USDC deposits will be converted into new USDT on the Stable network, improving on-chain liquidity, bridging institutional funds with the on-chain market, and strengthening the overall stablecoin liquidity of the ecosystem.

Crypto venture capital firm CMT Digital raised $136 million for its fourth fund.

According to Fortune magazine, cryptocurrency venture capital firm CMT Digital has raised $136 million for its fourth fund, a round that closed in early October and attracted participation from family offices, high-net-worth individuals, and several large institutions. Specific investors were not disclosed. CMT Digital has allocated approximately 25% of its $136 million to investments in the popular stablecoin sector, betting on startups such as Coinflow and Codex.

Ripple announced it has secured $500 million in strategic investment, valuing the company at $40 billion.

According to its official blog, Ripple announced that it has secured $500 million in strategic investment led by institutional investors including Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace, valuing the company at $40 billion.

The Central Bank of Kazakhstan is considering using its gold and foreign exchange reserves to purchase cryptocurrencies.

According to Cryptopolitan, Berik Sholpankulov, Deputy Governor of the Central Bank of Kazakhstan, revealed that the regulator may invest government-controlled funds, along with a portion of the country's gold and foreign exchange reserves, in cryptocurrencies. Sholpankulov announced this in the lower house of the Kazakh parliament while answering questions from members of the legislature. The members specifically requested explanations on how the reserve would operate, how funds would be accumulated, and whether the central bank would buy and sell digital currencies for profit. Sholpankulov reminded Kazakh parliamentarians that the government is currently working on establishing a national cryptocurrency reserve. He detailed that crypto assets seized in criminal cases would be primarily allocated to this new fund and held as a strategic reserve, while other supplementary reserve options are also being discussed, such as considering using a portion of the national fund and gold and foreign exchange reserves to invest in crypto assets.

US ADP employment figures for October were 42,000, below the expected 28,000 and the previous month's -32,000.

According to Jinshi News, the US ADP employment figure for October was 42,000, below the expected 28,000 and the previous figure of -32,000.

The global NFT market capitalization is currently at $3.5 billion, a drop of 45% over the past 30 days.

According to Cointelegraph, CoinGecko data shows that the global NFT market capitalization plummeted from approximately $6.6 billion on October 5th to $3.5 billion on Wednesday, a 45% drop in just 30 days. Although October sales increased, briefly pushing up the floor price of blue-chip NFTs, the market remains sluggish. CryptoSlam data shows that October NFT sales reached approximately $631 million, a 13% increase from September's $556 million. Over the past 30 days, Bitcoin and Base NFTs have risen by 9% and 24% respectively; BNB Chain and Polygon NFT sales have fallen by 82% and 86% respectively; the Ethereum network, the largest in terms of NFT sales, saw a 25.5% drop, while sales of NFTs on the Solana, Immutable, and Avalanche chains fell between 31% and 35%. NFT floor price data indicates that this market correction has even affected the most established NFT collectibles. Over the past 30 days, CryptoPunks trading volume has dropped by 40%, and the floor price fell from approximately $214,000 on October 5th to $117,000 on November 5th. Moonbirds experienced a similar correction, with trading volume declining by 63% and the floor price falling from $14,700 to $6,500, a drop of more than half. This disconnect between trading volume and sales growth and valuations indicates that the NFT market liquidity remains speculative and sensitive to overall crypto market sentiment.

Orderly Network launches ORDER token buyback program, using 60% of protocol fees.

Web3 liquidity provider Orderly Network announced on its X platform that its ORDER buyback program has officially launched. Every two weeks, Orderly will allocate 60% of its protocol fees to buy back ORDER tokens on the open market. Half of the repurchased tokens will be distributed to stakers. The remainder will be deposited into a community wallet and managed by the community through its governance mechanisms.

Metalpha withdrew 6,800 ETH from Binance 6 hours ago and deposited them all into AAVE.

According to The Data Nerd, 6 hours ago, Nasdaq-listed Metalpha withdrew 6,800 ETH (approximately $22.72 million) from Binance and deposited them all into AAVE.

Binance Alpha will list Aria Protocol (ARIAIP).

According to an official announcement, Binance Alpha will list Aria Protocol (ARIAIP) on November 7th. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page after trading opens. More details will be announced soon.

Bybit spot trading platform will list Lit Protocol (LITKEY).

According to the official announcement, Bybit will list Lit Protocol (LITKEY) on the spot market at 4 PM (UTC+8) on November 6th. Deposits are now open, and withdrawals will open at 6 PM (UTC+8) on November 7th. To celebrate the launch, the platform is simultaneously launching a 9,000,000 LITKEY Token Splash trading contest, where users can earn rewards through deposits and trading. Lit Protocol is a decentralized key management network and privacy computing network. This network enables developers to create secure decentralized applications that seamlessly manage crypto assets, private data, and user permissions across different platforms.

Thailand's Finance Minister: Regulatory oversight of cryptocurrencies, gold, foreign exchange, and cash transactions will be strengthened.

According to Jinshi News, Thailand's Finance Minister stated that the country will strengthen regulation of cryptocurrency, gold, foreign exchange, and cash transactions.

Data: Forward Industries' SOL holdings are currently showing a paper loss of $382 million.

According to Cryptopolitan, citing data from Devilama, Forward Industries' holdings of SOL tokens are currently showing a paper loss of $382 million. The company held 6.82 million SOL tokens, purchased at an average price of $232 each, for a total cost of $1.583 billion, while their current value has dropped to $1.201 billion. Furthermore, with Forward's stock price plummeting from a peak of $39.60 to $10.44, the company's market capitalization has shrunk significantly to approximately $900 million.

White House Press Secretary: Trump's pardon of Zhao Changpeng went through an "extremely rigorous" review process.

According to The Block, White House Press Secretary Karoline Leavitt stated at a press conference on Tuesday that Binance founder Changpeng Zhao's pardon underwent a standard review process before being submitted to President Trump's desk for final approval. Last Sunday, during an interview on CBS News' "60 Minutes," Trump defended his decision to pardon Zhao, claiming he did not know Zhao and calling the prosecution a "political persecution orchestrated by the Biden administration." Leavitt clarified on Tuesday that Trump's remarks were intended to suggest he did not know Zhao. She said, "He meant that he doesn't know Changpeng Zhao, that he has no personal relationship with this person." Leavitt stated that the pardon process was handled with "extreme seriousness." Leavitt also claimed that Zhao was subjected to excessive prosecution by a "weaponized Department of Justice," echoing Trump's criticism of the previous administration's handling of the case.

Binance Alpha will list SentismAI (SENTIS) today at 20:00, with an airdrop threshold of 235 points.

According to the official announcement, Binance Alpha is the first platform to list SentismAI (SENTIS). Alpha trading will begin on November 5, 2025 at 20:00 (UTC+8). Users holding at least 235 Binance Alpha Points can claim the token airdrop. Claim 640 SENTIS tokens on the Alpha event page. If the event continues, the point threshold will automatically decrease by 5 points every five minutes. Please note that claiming the airdrop will consume 15 Binance Alpha Points. Users must confirm their claim within 24 hours on the Alpha event page; otherwise, they will be considered to have forfeited their airdrop.

Crypto markets corrected, with BTC falling below $88,000, while NFTs and GameFi bucked the trend and rose.

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