[Franklin Templeton Launches Hong Kong's First Tokenized Money Market Fund] Franklin Templeton has launched Hong Kong's first tokenized money market fund, registered in Luxembourg, backed by short-term U.S. Treasury bonds, and issued digital tokens via blockchain technology to represent investor shares. This move aligns with the Hong Kong Monetary Authority's 'Fintech 2030 Strategy' released this week, which includes over 40 initiatives aimed at integrating AI tools, developing a tokenized ecosystem, and enhancing the resilience of the financial sector.

[Ripple President Monica Long Says No IPO Plans for Now] Ripple President Monica Long stated that the company currently has no plans or timeline for an initial public offering (IPO). Although several cryptocurrency-related companies have gone public this year, Ripple has not made any such arrangements.

[James Wynn Increases Bitcoin Short Position Worth $2.2 Million] Onchain Lens monitoring shows that James Wynn has increased his Bitcoin (BTC) short position using 40x leverage. The current position is valued at approximately $2.2 million, holding 21.46 BTC, with a floating profit of $57,000.

[Strive Increases Permanent Preferred Stock IPO Size to 2 Million Shares, Priced at $80 Per Share] Bitcoin treasury and asset management company Strive (NASDAQ: ASST) announced that its permanent preferred stock (SATA) initial public offering (IPO) is priced at $80 per share, and the issuance size has been increased from the originally planned 1.25 million shares to 2 million shares. The company stated that it will continue to focus on maximizing shareholder value through Bitcoin asset allocation.

**[China and the U.S. Begin Implementing Kuala Lumpur Economic and Trade Consultation Consensus, Adjust Tariff Measures]** On November 6, China and the U.S. began implementing the consensus reached during the Kuala Lumpur economic and trade consultations, with recent adjustments to multiple tariff and non-tariff measures. On November 4 local time, the White House issued two presidential executive orders, announcing the removal of the 10% "Fentanyl Tariff" on Chinese goods starting November 10, 2025, and extending the suspension period for the 24% "Reciprocal Tariff" on Chinese goods by one year. On November 5, relevant Chinese departments also announced corresponding adjustment measures. Huo Jianguo, Vice President of the China Society for World Trade Organization Studies, stated that the current implementation involves the first batch of consensus outcomes, addressing measures related to the U.S.'s previous increase of the "Fentanyl Tariff" and the imposition of "Reciprocal Tariffs" on Chinese goods. Future implementation of consultation outcomes will also cover areas such as the "50% Penetration Rule," restrictions related to the Section 301 investigation, cooperation on fentanyl anti-drug efforts, and the expansion of agricultural trade.