[Trump Says Multiple Important Agreements Reached in Meeting with Xi Jinping] Trump stated that he had a very successful meeting with Chinese President Xi Jinping. Both sides reached multiple agreements, including China's commitment to purchase large quantities of soybeans, sorghum, and other agricultural products, as well as continuing to supply rare earths, critical minerals, and magnets to the United States. Additionally, China pledged to cooperate with the U.S. to prevent the inflow of fentanyl and assist in addressing the fentanyl crisis. Trump also revealed that China might finalize a large-scale deal to purchase oil and natural gas from the state of Alaska.

[119.9 million USDC transferred to Binance] Whale Alert monitoring shows that 119.9 million USDC was transferred from an unknown wallet to Binance.

[TRUMP Whale Continues Rolling Long Positions, Floating Return Rate Reaches 110%] On-chain AI analysis tool CoinBob shows that the top whale on the TRUMP holdings leaderboard (address: 0xf35) opened a long position at the short-term bottom price of $6.8 after TRUMP surged on October 29 at 4:00 (UTC+8), rolling the position up to $8.2. The current nominal value of the holdings is approximately $20 million, with an average price of $7.4, floating profit of $2.32 million, and a return rate of 110%. Additionally, the address holds a 40x BTC long position, continuously increasing its position over the past 2 hours. The position size has reached $109 million, with an average price of $110,200, a floating return rate of 42%, and a total nominal value of $146 million.

[LAUNCHCOIN Upgraded to BELIEVE Token, Price Reset to Zero] On October 30, the Believe ecosystem token LAUNCHCOIN has been successfully upgraded to the BELIEVE token, and the price of LAUNCHCOIN has now been reset to zero. Over 85% of holders have completed the conversion, and LAUNCHCOIN has ceased operations, with its liquidity allocated to BELIEVE's buyback and liquidity pool funding support. The official statement indicates that LAUNCHCOIN holders who have not completed the upgrade can claim BELIEVE tokens via the official website within two weeks.

[Analyst: Fed's Hawkish Stance May Increase BTC Volatility] Cryptoquant analyst Axel Adler Jr stated that the Federal Reserve plans to gradually exit quantitative tightening (QT) starting December 1, which is a moderate positive for risk assets. However, the Fed's hawkish stance on December's policy and yesterday's market performance, with the 2-year Treasury yield rising by 7 basis points (bps), indicate that market expectations for rapid rate cuts are low. This situation may limit the upside potential of asset prices while suppressing market risk appetite. The analyst believes this will further drive Bitcoin (BTC) volatility higher.