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Project Overview
BASED is an onchain experimental community project created purely for entertainment purposes, where the $BASED token on base will be obtained by users who hold and redeem a Base, Introduced NFT for an allocation of $BASED token.
a16z Co-Invests in Dream, an AI Architecture Design Company Founded by Former Palantir Founders, as it Completes $17 Million Seed Round
According to TNW, San Francisco-based startup Dream has emerged from stealth, announcing the closing of a $17 million seed funding round. The investors include Andreessen Horowitz (a16z), SV Angel, XYZ, and Zigg Capital. Dream was co-founded by Andy Elder and Arjun Mathur, who each spent around a decade working at Palantir. The company develops an "architectural world model," trained using over 100 million square feet of permitted U.S. building data. The model understands the spatial relationships between building components, such as the routing of HVAC ducts through walls. The company states that the precision of the drawings generated by the model is sufficient for contractors to proceed directly with construction. Early operations will focus on commercial projects, including retail stores, offices, and data centers.
Strategy Says It Can Create Up to $30 Billion in Digital Credit to Buy More Bitcoin
Odaily Report: Bitcoin treasury company Strategy is considering issuing preferred stock to finance additional Bitcoin purchases. Executive Chairman Michael Saylor said the company can create up to $30 billion in digital credit based on its existing balance sheet, without issuing additional common stock or requiring Bitcoin's price to continue rising.CEO Phong Le said that issuing digital credit will be Strategy's primary method for acquiring more Bitcoin; if the company raises $1 billion to $2 billion through STRC in a month, part of the funds could be allocated to USD reserves, with the remainder used to purchase Bitcoin.Strategy reported third-quarter net income of $19.53 billion, primarily driven by a $20.91 billion increase in the value of digital assets. As of October 25, the company held 848,517 Bitcoin, up 26% year-to-date. The $30 billion figure represents potential financing capacity, not a publicly announced fundraising target. (Cointelegraph)
PhotonPay Completes $40 Million Series C Funding, Led by Blockchain Capital
Odaily Report: PhotonPay has announced the completion of a $40 million Series C funding round, led by Blockchain Capital, with new investor SBI Group participating, and IDG Capital, GL Ventures, and Lightspeed Faction also joining. The project is a Hong Kong-based fintech company dedicated to developing a stablecoin-centric financial operating system, offering multi-asset wallets, global card issuance, and local clearing services, while advancing a financial execution layer for AI agents. As of August 2026, PhotonPay's annualized transaction volume reached $65 billion, and it has obtained 34 payment and financial licenses or authorizations across the Americas, Europe, and Asia, serving more than 200,000 enterprise clients with operations covering over 200 countries and regions.
Bernstein: Software crowdedness rebounds, remaining below long-term historical levels.
Bernstein believes capital inflows are primarily concentrated in application platforms with stable or accelerating revenues, alongside usage-based software driven by expanding AI workloads. The report remains confident in the business durability of select enterprise platforms but still voices concerns over growth and valuation divergences for hot stocks. Its stock-picking framework focuses on operational improvements, AI monetization capabilities, and the disconnect between market sentiment and fundamentals.
Bitget Partners with Reality and Keyring to Publish Research Report, Plans to Launch Onchain Stock Basis Trading Strategy
Odaily Report: Bitget, in collaboration with Reality and Keyring, has published a research report exploring the synergies between tokenized stocks, perpetual contracts, and decentralized lending, while assessing the potential returns and risks of related strategies through simulated calculations. The report notes that the application of tokenized stocks is expanding from traditional stock trading to collateralized lending, asset management, and systematic investment strategies.The research is based on Reality's rToken, combined with stock perpetual contract hedging and onchain lending mechanisms, to explore stock basis yield strategies. Historical simulation data shows that from December 15, 2025, to October 19, 2026, the strategy index achieved annualized net returns of approximately 7% and 4% in-sample and out-of-sample, respectively, with a gross funding rate premium of approximately 11%–14%. The report also notes that financing costs, trade execution fees, market liquidity, and risk management are key factors affecting the strategy's actual returns.It is understood that Bitget and Keyring plan to jointly develop a stock basis index and build an onchain lending market based on Reality's rToken. Reality will provide exposure to tokenized stock assets, while Keyring will be responsible for developing the index methodology and building the related lending market. The index aims to capture funding rate and basis yield opportunities by combining rToken holdings with hedged positions in corresponding stock perpetual contracts, providing a new strategic pathway for the application of tokenized stocks in onchain financial scenarios.
Japanese bitcoin industry raises approximately 800 million yen via BTC in-kind contributions, partners with ANAP subsidiary to deploy Lightning Network routing
Meanwhile, the company signed a basic cooperation agreement on Lightning Network routing business with ALC, utilizing the BTC held by ALC as liquidity for its operated channels to jointly build Japan-based routing infrastructure. The raised funds will be allocated to payment infrastructure development, talent recruitment, routing business, and R&D, with a primary focus on advancing "aurora," a Lightning payment service that can integrate with merchants' existing payment systems via API.
Deleted collaborative tweet, ICE still retains the repost of Trade.xyz promotional copy
The official ICE account has deleted its previously published tweet about the collaboration with Trade.xyz, while it still retains the repost of Trade.xyz's promotional copy. ICE is collaborating with Trade.xyz to launch perpetual contract products in the U.S. regulated market based on the Hyperliquid platform. The relevant markets will have independent clearing, customer identity verification, and anti-money laundering systems, and the products will be linked to stock indices, commodities, and currency prices. The products are still awaiting regulatory approval.
Korea FIU orders blocking of domestic access to two unregistered virtual asset service providers; DAXA refers three involved entities for investigation
Under current law, operators conducting virtual asset business without proper registration may face up to five years in prison or a fine of up to 50 million South Korean won. Overseas operators targeting Korean residents are equally subject to this regulation. According to the FIU, these unregistered operators operate in a regulatory blind spot and may be exploited for money laundering. In June this year, a joint enforcement investigation by DAXA and compliant operators revealed that the average trading fees of the detained entities ranged from 1.5% to 10%, with the highest rate reaching approximately 62 times the average of Korea’s top five won-based exchanges (0.16%).
French Senate Passes Bill on Automatic Exchange of Crypto Asset Tax Information
Odaily reports: The French Senate has passed a bill on first reading authorizing tax authorities to automatically exchange crypto asset transaction data with foreign counterpart agencies. The bill has subsequently been submitted to the National Assembly for review as Bill No. 3421 and still needs to complete the legislative process.The bill covers agreements on the exchange of crypto asset tax information and updates existing agreements on the exchange of financial account information. The crypto asset portion is based on the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development, which sets common standards for collecting and automatically exchanging crypto transaction information for participating jurisdictions.France has already implemented the EU's Eighth Amendment to the Administrative Cooperation Directive (DAC8) through its 2025 finance bill, requiring crypto service providers to report client identity and transaction data to tax authorities, which then share the information with the EU country where the user resides. French lawmakers are also discussing crypto tax adjustments in the 2027 budget. An amendment passed by the National Assembly on October 16 proposes taxing gains from conversions into specific fiat-pegged stablecoins starting January 1, 2027, but the measure has not yet become law. (Cointelegraph)
Crypto Industry Organization Committee for Crypto Innovation Leads Submission of 238-Page Report, Calls on U.S. SEC to Clarify Regulatory Boundaries for On-Chain Treasuries
According to Crypto in America, the crypto industry organization Crypto Council for Innovation (CCI) and members such as Bitwise, Galaxy Digital, and Morpho submitted a 238-page report to the Securities and Exchange Commission (SEC), calling on regulators to clarify how existing securities laws apply to on-chain vaults (Vaults) and to establish a differentiated regulatory framework based on the degree of control human operators exert over user assets and investment decisions.
PhotonPay Completes $40 Million Series C Funding, Led by Blockchain Capital
Odaily Report: PhotonPay has announced the completion of a $40 million Series C funding round, led by Blockchain Capital, with new investor SBI Group participating, and IDG Capital, GL Ventures, and Lightspeed Faction also joining. The project is a Hong Kong-based fintech company dedicated to developing a stablecoin-centric financial operating system, offering multi-asset wallets, global card issuance, and local clearing services, while advancing a financial execution layer for AI agents. As of August 2026, PhotonPay's annualized transaction volume reached $65 billion, and it has obtained 34 payment and financial licenses or authorizations across the Americas, Europe, and Asia, serving more than 200,000 enterprise clients with operations covering over 200 countries and regions.
Utah files criminal charges against prediction market platform Kalshi and its two co-founders.
According to CoinDesk, Utah has filed criminal charges against prediction market platform Kalshi (KalshiEX LLC) and co-founders Tarek Mansour and Luana Lopes Lara for illegally promoting gambling in the state. Prosecutors have filed a total of 14 counts, including one felony for alleged ongoing unlawful activity, 12 counts promoting online gambling, and one misdemeanor count for gambling. The prosecution is based on testimony from an undercover investigator with the Utah Attorney General's Office.
a16z-associated entity allegedly transferred 118,000 HYPE, valued at approximately $10.7 million.
On-chain analyst Ai Yi has tracked that a16z-affiliated entities have transferred 118,000 HYPE in batches to Wintermute, Galaxy Digital, and Cumberland since yesterday. Valued at approximately $10.7 million based on an average price of $90.72, the specific purpose remains unclear.
750 BTC transferred from an unknown wallet to Bitfinex
Whale Alert monitoring shows that 750 BTC were transferred from an unknown wallet to Bitfinex, valued at approximately $57.51 million; address attribution is based on the entity's tag, and the intended use of the funds has not been disclosed.
MSX has completed dividend distributions for 7 US stocks and ETF tokens including DELL and JPM
Odaily reports: According to the MSX announcement, MSX has completed the current period's dividend distribution for 7 US stocks and ETF tokens, covering NTAP, MRVL, MU, DELL, NLY, SPY, and JPM; the corresponding dividend per share amounts are $0.52, $0.06, $0.15, $0.63, $0.75, $1.888834, and $1.65 respectively, with execution dates of October 28, 29, 29, 30, 30, 30, and 31, 2026 respectively.Dividends are automatically distributed by the system. Dividend eligibility is based on the valid holdings quantity at the corresponding record time, and the distribution amount is calculated by multiplying the recorded holdings quantity by the dividend per share. The actual credited amount and timing are subject to MSX account records; users can check their crediting records in the App/Web under "Assets—Deposit—Deposit History."
Binance hacker has completed the sell-off of 7 tokens including UNI and ENA, cumulatively converting to 70,480 ETH, worth $158 million
Odaily reports: According to Lookonchain monitoring, the Binance attacker has completed the sell-off of 7 tokens including UNI, ENA, PEPE, LINK, AAVE, ONDO, and WLD, cumulatively converting to 70,480 ETH, valued at approximately $158.25 million based on current quoted prices. Among them:UNI: sold 7.02 million tokens, worth $39.63 million, at an average price of $5.65;ENA: sold 217.5 million tokens, worth $33.93 million, at an average price of $0.16;PEPE: sold 7.77 trillion tokens, worth $31.66 million, at an average price of $0.0000041;LINK: sold 2.57 million tokens, worth $26.05 million, at an average price of $10.14;AAVE: sold 127,953 tokens, worth $14.27 million, at an average price of $111.55;ONDO: sold 21.85 million tokens, worth $6.62 million, at an average price of $0.30;WLD: sold 17.32 million tokens, worth $6.09 million, at an average price of $0.35.
Trader Killa: Binance FUD May Coincide with This Cycle's Last Major Low, Continuing to Hold BTC Long Position
Odaily reports: Trader Killa posted that he is still holding a BTC long position with an entry price of $76,400. Although a previous 15% unrealized gain has now been largely given back, his original target was a 75% to 100% return, so his current trading plan remains unchanged.Killa revealed that in his 10x leverage long strategy, the aggressive re-entry position at $82,800 will be stopped out at $74,000; if BTC drops to $74,000, he will reassess the market and consider establishing another 10x leverage long position. BTC is currently about 13% below its all-time high, possibly nearing the last major low of this cycle, and he expects the drawdown will not reach 20%. He specifically noted that the Binance FUD coincides with the timing of the U.S. midterm elections, and believes the current market panic may be the last bottoming-out before BTC begins a new significant rally.Amid market pressure and continuous FUD news, investors should stay calm and avoid making emotional decisions based on news or short-term price fluctuations. He stated that he will continue to hold the long position until the target price is reached or the stop-loss is triggered.
Bonk Guy: Binance Hack Unlikely to Trigger Systemic Risk
Bonk Guy posted on X stating that the Binance incident is unlikely to trigger systemic risk. Binance is reportedly generating annual revenue of approximately $16-17 billion, and nearly half of the funds involved in this incident have already been frozen or may be recovered. The amount that may ultimately be unrecoverable is approximately $3.2 billion, equivalent to about 2 to 2.5 months of Binance's revenue, which remains manageable relative to its operating scale.Bonk Guy noted that both Changpeng Zhao (CZ) and He Yi have publicly stated that user funds are safe and that all losses will be fully covered. He believes the likelihood of systemic risk and a bank run is extremely low, and that the market should be more vigilant about panic selling and media overhyping, reminding investors not to make trading decisions based on panic sentiment.
JackYi: Binance's profits are sufficient to cover the losses from the hack, the core issue is how to prevent a second theft.
JackYi (@Jackyi_ld), founder of Liquid Capital, stated in a post that, based on the current situation, Binance's profits are sufficient to cover the amount stolen in this incident, with no issues regarding asset security or liquidity, making it entirely different from the FTX event back then. He believes the core issue at present is how exchanges, including Binance, can prevent secondary thefts. The market worries whether hackers' attack capabilities in the AI era have surpassed exchanges' defensive capabilities, and whether hackers have planted hidden vulnerabilities in exchange systems. He called on exchanges to publish detailed and reliable security protocols to users.
Fu Sheng on the Binance Hack: Traditional Security Strategies Are Increasingly Fragile in the AI Era, Human Behavioral Habits May Be the Breakthrough
Odaily reports: Fu Sheng, Chairman and CEO of Cheetah Mobile, posted comments on the Binance hack, stating that the massive theft of assets from Binance does not mean Binance's security construction is inadequate, but rather reflects the fragility of traditional security strategies in the AI era. Fu Sheng believes that Bitcoin's algorithm is indeed unsolvable under traditional mathematical theory, but under the broader logic based on human habits, the problem will converge significantly.In response, Binance co-founder Yi He said: "Fire prevention measures from the candle era cannot save fires in the electric light era. Everyone is crossing the river by feeling the stones—it's just that the cost is a bit high."
OKX Star: We detect and respond to various cyberattacks every month
Odaily reports: OKX Star posted on X, stating: "OKX detects and responds to various cyberattacks every month, including advanced persistent threat (APT) attacks targeting the crypto industry. More than a year ago, OKX launched LLM-based automated penetration testing. Regarding the security incidents recently encountered by our peers, we will certainly learn lessons seriously, comprehensively strengthen self-inspections, continuously improve our security system, and always remain humble and vigilant."
zkLink Sets Bounty for Nova Security Incident: Up to 20% Reward for Those Who Help Recover Funds
zkLink has announced a bounty program in response to the recent security incident affecting zkLink Nova, aimed at facilitating the recovery of affected funds. Security researchers or white-hat contributors who provide information that materially assists in fund recovery may receive a reward of up to 20% of the recovered amount, with specific eligibility and reward amounts to be determined by zkLink based on the value of the information provided.Additionally, if the exploiter returns all funds, they may retain 20% as a white-hat bounty, and zkLink commits not to take further legal action regarding the returned funds. Related communications can be conducted through zkLink's official X account or email.
SlowMist CISO: Binance Asset Theft Incident May Involve Private Key Leakage; Recommends Focused Investigation on Private Key Leakage Pathways and Suspicious Withdrawal Tools
SlowMist Chief Information Security Officer 23pds stated that, based on historical forensic experience, the one-time transfer of Binance's assets indicates the attacker successfully bypassed the risk control system. Whether the intrusion vector involved a leaked private key or compromised signing machines still requires priority verification. He personally leans toward the private key leakage hypothesis and believes the attacker most likely employed custom-built withdrawal tools. He advises security teams to prioritize investigating private key leak pathways and anomalies associated with unauthorized withdrawal tools during attribution and forensic investigations.
Binance hacker has completed the sell-off of 7 tokens including UNI and ENA, cumulatively converting to 70,480 ETH, worth $158 million
Odaily reports: According to Lookonchain monitoring, the Binance attacker has completed the sell-off of 7 tokens including UNI, ENA, PEPE, LINK, AAVE, ONDO, and WLD, cumulatively converting to 70,480 ETH, valued at approximately $158.25 million based on current quoted prices. Among them:UNI: sold 7.02 million tokens, worth $39.63 million, at an average price of $5.65;ENA: sold 217.5 million tokens, worth $33.93 million, at an average price of $0.16;PEPE: sold 7.77 trillion tokens, worth $31.66 million, at an average price of $0.0000041;LINK: sold 2.57 million tokens, worth $26.05 million, at an average price of $10.14;AAVE: sold 127,953 tokens, worth $14.27 million, at an average price of $111.55;ONDO: sold 21.85 million tokens, worth $6.62 million, at an average price of $0.30;WLD: sold 17.32 million tokens, worth $6.09 million, at an average price of $0.35.
Bybit Institutional Interest-Free Lending Upgrade: Interest-Free Credit Line Can Be Applied for Directly, Renewable Upon Meeting Criteria
in order to better meet the liquidity needs of institutional clients, Bybit's institutional interest-free lending has now upgraded its application mechanism. Eligible institutional clients can directly apply for an interest-free lending credit line without first meeting the specified trading volume requirement, and can obtain the loan after passing Bybit's risk control review.Lending mechanism:- Direct application: An interest-free lending credit line can be applied for without first meeting the trading volume threshold.- Renewal upon meeting criteria: Within each monthly assessment cycle, the interest-free loan can be renewed as long as the specified trading volume requirement is met.- Reclamation if criteria are not met: If the specified trading volume requirement is not met, the loan will be reclaimed.Through this mechanism, institutional clients can obtain interest-free liquidity support in advance and strive to continuously enjoy interest-free lending privileges based on subsequent trading performance.
SBI VC Trade's JPYSC lending balance exceeded 10 billion yen, while the total handling balance surpassed 30 billion yen.
According to CoinPost, SBI VC Trade announced on November 2 that the lending balance for its Japanese yen stablecoin JPYSC surpassed 10 billion yen as of that date, while the overall handled balance of JPYSC also exceeded 30 billion yen. The service launched in June 2026, with lending services added in July. The handled balance represents the sum of on-chain balances and lending balances, covering only the VCTRADE service and excluding BITPOINT. JPYSC is issued by SBI Shingun Trust Bank and is Japan's first trust-based Japanese yen stablecoin. Under the Funds Settlement Act, it is classified as an electronic payment instrument, and its legal status differs from that of crypto assets. Lending applications are currently accepted every Thursday, offering three plans: a 168-day term at a 3% annualized rate, an 84-day term at 2.5%, and a 28-day term at 2%. These conditions reflect data as of November 2 and may be adjusted based on subscription status and market conditions, or new subscriptions may be suspended. Early termination is generally not permitted during the lending period, and the funds are not covered by the deposit insurance system.
Solana merges SIMD-0567 proposal, plans to replace existing ATA program with p-ATA
Odaily reports: The Solana Foundation has merged the SIMD-0567 proposal into the main branch. The proposal plans to replace the existing Associated Token Account (ATA) program with an optimized version called p-ATA, developed based on Pinocchio, to reduce compute unit (CU) consumption and improve execution efficiency. Developers' previous benchmark tests showed that compared with the old program, p-ATA can reduce transaction execution time by approximately 35%; when the Rent Sysvar account is provided, CU consumption is further reduced, but actual execution time increases slightly, with a transaction-level time regression of about 1%. The proposal was merged 17 hours ago, but the merge does not mean the program replacement on mainnet has been completed; the new program still needs to be deployed according to the established migration process.
Elon Musk on SpaceX Compute Layout: Space-based Compute Expected to Surpass Ground-based Compute by End of 2028
Sequoia Capital partner Shaun Maguire predicted through a model that SpaceX revenue will grow from approximately $51.5 billion in fiscal year 2026 to approximately $274 billion in fiscal year 2027, a year-over-year increase of about 5.3x, and further rise to approximately $731 billion in fiscal year 2028. The analysis suggests that SpaceX's growth is primarily driven by its Space Infrastructure (SI) business, especially the ground-based compute business, whose deployment scale is expected to expand from 1 GW in early 2026 to 21 GW by the end of 2028.In response, Musk stated that compared to space-based compute, the scale of ground-based compute in the future will be negligible. He expects that by the end of 2028, SpaceX's monthly newly deployed orbital space-based compute may exceed ground-based compute, and will lead by a significant margin in 2029.
Polymarket's "GPT Astra 6.1+ will be released before November 15" probability rises to 44%, up 12% in 24 hours
According to monitoring by the PPP prediction market tool, Polymarket's "GPT Astra 6.1+ will be released before November 15" probability has risen to 44%, up 12% in 24 hours; the probability of release before November 30 has risen to 65%, up 4% in 24 hours.According to the settlement rules, if OpenAI releases to the public a GPT model with a version number of 6.1 or above and with "Astra" included in its name or model identifier before the specified date, the corresponding market will settle as "Yes." The model must actually be open for public use; closed beta tests or placeholder names that only appear on the official website will not count, and settlement will primarily be based on official OpenAI information.Join the PPP signal push community to stay one step ahead and seize the initiative.
Deleted collaborative tweet, ICE still retains the repost of Trade.xyz promotional copy
The official ICE account has deleted its previously published tweet about the collaboration with Trade.xyz, while it still retains the repost of Trade.xyz's promotional copy. ICE is collaborating with Trade.xyz to launch perpetual contract products in the U.S. regulated market based on the Hyperliquid platform. The relevant markets will have independent clearing, customer identity verification, and anti-money laundering systems, and the products will be linked to stock indices, commodities, and currency prices. The products are still awaiting regulatory approval.
Related news
Gate Completes Distribution of Dividend Payments for 98 Stock and ETF Records, Including DELL, Covering Multiple Markets Such as the US, South Korea, Hong Kong, and Japan
Odaily reports: According to an official announcement, Gate has completed the dividend distribution for stocks and ETFs including Dell Technologies (DELL) and General Electric (GE), covering a total of 98 dividend records, including multiple dividend payments for the same ticker. This dividend distribution covers US, South Korean, Hong Kong, and Japanese stock targets with corporate dividend dates between October 26 and 30, spanning multiple sectors including technology, financial services, energy, consumer goods, healthcare, industrial manufacturing, real estate, and utilities. Representative targets include DELL, GE, Micron Technology (MU), SPDR S&P 500 ETF (SPY), and Philip Morris International (PM).Gate has distributed USDT-equivalent dividends proportionally to eligible users based on their relevant stock holdings at the snapshot time, with the entire process handled automatically without requiring any user action. The actual amount received is calculated based on the number of holdings, dividend per share, applicable taxes, and exchange rates, and has been distributed to users' spot accounts. This centralized dividend distribution covers multiple markets and asset classes, further enhancing Gate's post-trading dividend settlement services for stocks and ETFs.
Hong Kong Exchanges: Extends After-Hours Trading Session for Derivatives
The Hong Kong Exchange will extend the after-hours trading session for derivatives. Starting from March 2027, the closing time for the exchange's derivatives after-hours trading session will be extended from the current 3:00 a.m. to 4:15 a.m.; it will consider whether to further extend the closing time to 5:15 a.m. in November 2027 based on market development following the extension of the after-hours session.
Bybit Institutional Interest-Free Lending Upgrade: Interest-Free Credit Line Can Be Applied for Directly, Renewable Upon Meeting Criteria
in order to better meet the liquidity needs of institutional clients, Bybit's institutional interest-free lending has now upgraded its application mechanism. Eligible institutional clients can directly apply for an interest-free lending credit line without first meeting the specified trading volume requirement, and can obtain the loan after passing Bybit's risk control review.Lending mechanism:- Direct application: An interest-free lending credit line can be applied for without first meeting the trading volume threshold.- Renewal upon meeting criteria: Within each monthly assessment cycle, the interest-free loan can be renewed as long as the specified trading volume requirement is met.- Reclamation if criteria are not met: If the specified trading volume requirement is not met, the loan will be reclaimed.Through this mechanism, institutional clients can obtain interest-free liquidity support in advance and strive to continuously enjoy interest-free lending privileges based on subsequent trading performance.
Strengthening Resilience Against AI-Driven Cyber Threats: Hong Kong SFC Plans to Develop Cybersecurity Framework for Licensed Institutions
Odaily reports: Julia Leung, Chief Executive Officer of the Hong Kong Securities and Futures Commission (SFC), stated at Hong Kong FinTech Week 2026 that the SFC will develop principle-based practical guidelines for AI applications with higher levels of autonomy to ensure market safety and maintain human accountability and oversight throughout the entire workflow. The SFC plans to develop a cybersecurity framework for licensed institutions and impose higher requirements on higher-risk institutions to strengthen their ability to withstand AI-driven cyber threats. Julia Leung also stated that Hong Kong institutions are at the forefront of tokenization, and tokenization must bring tangible economic benefits to the market in order to achieve scaled development.
SBI VC Trade's JPYSC lending balance exceeded 10 billion yen, while the total handling balance surpassed 30 billion yen.
According to CoinPost, SBI VC Trade announced on November 2 that the lending balance for its Japanese yen stablecoin JPYSC surpassed 10 billion yen as of that date, while the overall handled balance of JPYSC also exceeded 30 billion yen. The service launched in June 2026, with lending services added in July. The handled balance represents the sum of on-chain balances and lending balances, covering only the VCTRADE service and excluding BITPOINT. JPYSC is issued by SBI Shingun Trust Bank and is Japan's first trust-based Japanese yen stablecoin. Under the Funds Settlement Act, it is classified as an electronic payment instrument, and its legal status differs from that of crypto assets. Lending applications are currently accepted every Thursday, offering three plans: a 168-day term at a 3% annualized rate, an 84-day term at 2.5%, and a 28-day term at 2%. These conditions reflect data as of November 2 and may be adjusted based on subscription status and market conditions, or new subscriptions may be suspended. Early termination is generally not permitted during the lending period, and the funds are not covered by the deposit insurance system.
Solana merges SIMD-0567 proposal, plans to replace existing ATA program with p-ATA
Odaily reports: The Solana Foundation has merged the SIMD-0567 proposal into the main branch. The proposal plans to replace the existing Associated Token Account (ATA) program with an optimized version called p-ATA, developed based on Pinocchio, to reduce compute unit (CU) consumption and improve execution efficiency. Developers' previous benchmark tests showed that compared with the old program, p-ATA can reduce transaction execution time by approximately 35%; when the Rent Sysvar account is provided, CU consumption is further reduced, but actual execution time increases slightly, with a transaction-level time regression of about 1%. The proposal was merged 17 hours ago, but the merge does not mean the program replacement on mainnet has been completed; the new program still needs to be deployed according to the established migration process.