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[Sierra Leone Ministry of Technology Signs Memorandum of Understanding with Sign to Build Blockchain Infrastructure] On November 9, the Sierra Leone Ministry of Technology signed a memorandum of understanding with Sign to initiate the construction of national blockchain infrastructure. The first phase of the collaboration will focus on building a digital identity system and a local stablecoin payment system, providing low-cost, secure, and transparent digital services for citizens nationwide. During the visit, the Sign team met with Sierra Leone's Minister of Finance, Central Bank Governor, eGov App CEO, and representatives of the Christex Foundation, reaching a consensus on the technical roadmap, policy coordination, and implementation plan.
Binance WLFI/USDT's perpetual trading volume surged 6 times within 10 minutes, with a turnover of 56.61 million US dollars in the past 24 hours, a decrease of 2.42% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Binance contracts ranks first in the world
[Re7 Labs Releases xUSD Depeg Impact Report, Funds Affected by Stable Labs Exceed $13 Million] Re7 Labs has released the xUSD depeg impact report, indicating that the total funds affected by Stable Labs amount to approximately $13,114,000, with no response received as of now. The report shows that some Stream-xUSD borrowing positions have been repaid, and Re7 Labs has transferred funds from the xUSD market within the Earn vault, adjusted the xUSD market cap to 0, and removed its supply queue. Regarding Elixir-deUSD and sdeUSD, Re7 Labs has reduced risk exposure to Stream and Elixir and completed the repayment of borrowing positions using sdeUSD as collateral. After communicating with Stable Labs CEO Flex, it was discovered that there might be issues, and Re7 Labs has requested liquidity deposits to allow users to close positions. Additionally, they stated that they are seeking legal advice to formulate countermeasures.
[U.S. Senate Continues Government 'Shutdown' Negotiations] On November 8 local time, the U.S. Senate did not adjourn as scheduled and continued negotiations to end the government 'shutdown.' Most bipartisan lawmakers remained in Washington. If an agreement is reached, senators will be notified 24 hours in advance to review the bill text before voting and are advised to keep their schedules flexible to return for voting at any time. Senate Republican Leader John Thune stated that efforts are being made to reach an agreement with Democratic senators to pass a 'comprehensive appropriations bill' that includes three full-year appropriations bills. The draft is nearing completion, and both sides have engaged in active dialogue over the past 24 hours. He expressed optimism about the progress of the negotiations.
[Meta Announces $600 Billion U.S. Investment Plan Details] Meta Platforms recently announced a $600 billion U.S. investment plan, with funds allocated to support artificial intelligence technology, infrastructure development, and workforce expansion. The investment timeframe extends to 2028. Zuckerberg initially discussed this investment commitment at a White House dinner in September and exchanged related ideas with U.S. President Trump.
According to CryptoQuant data, the supply of Bitcoin on exchanges continues to decrease, and the specific subsequent impact remains to be observed. (Cointelegraph)