BBX News: Yesterday, global listed companies showcased diversified application scenarios for encryption configuration: - Huge financing allocation: Universal Digital (OTCMKTS: LFGMF) issues $50 million convertible bonds, funds will be used to increase holdings of Bitcoin and operational support Business application innovation: Hengyue Holdings (HKEX: 01723) purchases 0.6 BTC to support prepaid Bitcoin card business, exploring payment settlement scenarios - Treasury Target Promotion: ZOOZ Strategy (NASDAQ: ZOOZ) increases holdings of 94 BTC, bringing total holdings to 1036 BTC, with a cumulative investment of $115 million Institutions invest over $50 million in a single day, while BTC plays a dual role as a reserve asset and payment tool. Source: bbx.com

[‘10·11 Short Whale’ Deposits 200 BTC to Kraken] ‘10·11 Short Whale’ deposited 200 BTC to Kraken exchange, valued at approximately $22.5 million. Since October, this address has deposited a total of 11,271 BTC to Kraken, Binance, Coinbase, and Hyperliquid, with a total value of approximately $1.28 billion.

[Federal Reserve Voting Members Show Divergence on Rate Cut Path] Federal Reserve voting members this year have shown clear differences regarding future interest rate policies. Some officials, such as Milan, support a 50 basis point rate cut in October, while Chair Powell emphasizes strong economic data performance and advocates for cautious policy adjustments. Meanwhile, Waller and Bowman anticipate two more rate cuts by the end of the year, but Mussailem and Schmid hold a conservative stance on further rate cuts, arguing that the current focus should be on inflation risks. This internal divergence highlights the complexity faced by the Federal Reserve in addressing economic and inflationary pressures. (UTC+8)

[Aave Horizon RWA Market Size Surpasses $425 Million] On-chain analyst Ali stated that the Aave Horizon RWA market size has surpassed $425 million. Recent growth mainly comes from SuperstateInc's Crypto Carry Fund (USCC), whose market size has exceeded $180 million. The total borrowing activity in this market has surpassed $110 million, with RLUSD borrowings amounting to $64 million, GHO at $29 million, and USDC at $16 million. The borrowing rate for RLUSD is below 3%, while the rates for GHO and USDC are slightly above 4%, with USDC rates further influenced by additional incentives on Merkl.

[Upbit to Implement Unfair Trading Prevention Measures System on November 3, 2025] Upbit announced that it will implement an unfair trading prevention measures system starting Monday, November 3, 2025, to promote the healthy development of the virtual asset market. This system is based on the 'Virtual Asset User Protection Act' and DAXA's 'Real-Time Monitoring Guidelines for Abnormal Transactions,' aiming to identify suspected unfair trading behaviors in advance and prevent transactions that may affect market fairness. All virtual asset exchanges will operate daily monitoring systems based on unfair trading identification standards. Users are advised to avoid engaging in related types of transactions, as they may face service restrictions or suspensions.