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[Block Inc. increases holdings by 88 Bitcoins, total holdings reach 8,780] On November 7, Block Inc., founded by Twitter's creator Jack Dorsey, purchased 88 Bitcoins. The company's total Bitcoin holdings now amount to 8,780.
[Boyaa Interactive Expects Profit for the First Nine Months of 2025 to Increase Over 100% Year-on-Year] Boyaa Interactive (00434.HK) anticipates that the profit attributable to company owners for the first nine months of 2025 will grow approximately 105% to 115% year-on-year, reaching about HK$234 million. This is primarily due to the increase in the fair value of digital assets compared to the same period in 2024. Excluding the impact of non-operational one-off factors such as changes in the fair value of financial assets like digital assets and equity investment partnerships, the profit is expected to decrease by approximately 30% to 35% year-on-year. The decline is attributed to factors including reduced bank deposits due to cryptocurrency purchases, lower deposit interest income, and increased income tax expenses.
[Federal Reserve Vice Chair Jefferson Suggests Gradual Rate Adjustments] Federal Reserve Vice Chair Jefferson stated that interest rates are closer to neutral, thus suggesting gradual adjustments, and believes it is still too early to assess the impact of artificial intelligence on the economy.
[Two Whale Addresses Purchase a Total of 21.06 Million USDC Worth of HYPE Tokens in Two Days] According to Spot On Chain data, two whale addresses spent a total of 21.06 million USDC to purchase HYPE tokens over the past two days. Whale address '0x5AE' bought 285,821 HYPE tokens at an average price of $39.23, spending a total of 11.21 million USDC and currently holding 2.79 million USDC. Another whale address '0x152' purchased 249,073 HYPE tokens at an average price of $39.54, investing a total of 9.85 million USDC and retaining 703,000 USDC. Both addresses are currently experiencing slight losses.
[Federal Reserve Vice Chair Jefferson Supports Rate Cut at October FOMC Meeting] Federal Reserve Vice Chair Jefferson expressed support for implementing a rate cut at the October Federal Open Market Committee (FOMC) meeting.
[F2Pool and Three Other Mining Pools Join Psy Protocol Testnet] On November 7, F2Pool, GrandCroix, DePIN X Capital, and Codestream—four globally leading mining pools and computing power ecosystems—officially joined the Psy Protocol public testnet. They will participate in network operations, transaction validation, and zero-knowledge proof aggregation with real computing power, providing support for performance and security testing ahead of the mainnet launch. Psy Protocol's internal benchmarking shows it processes over one million transactions per second (TPS). The protocol architecture supports horizontal scaling and empowers developers to build large-scale Web3 applications and AI agent economies.