整理：Nona，Techub News
**TinTinLand
**
Fear and Greed Index: 37 (Fear)
Bitcoin Price: $111,361
BTC/ETH Spot ETF Fund Flow (10.15)
BTC Net Outflow: $94.00 M
ETH Net Inflow: $5.32 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (10.15)
BTC Net Redemption: 98.74 BTC
ETH Net Subscription: 0 ETH
[](BNB Chain collaborates to bring $3.8 billion CMB International Money Market Fund on-chain
CMB International collaborates with BNB Chain to further expand the on-chain distribution scope of the CMB International US Dollar Money Market Fund through the CMBMINT and CMBIMINT tokens. This distribution is supported by the licensed tokenized asset trading platform DigiFT and the on-chain capital market investment platform OnChain, which are used for issuing and managing the CMBMINT and CMBIMINT tokens. As of October 10, 2025, the fund ranks first in Bloomberg's Asia-Pacific peer product performance, managing assets exceeding $3.8 billion. The CMBMINT and CMBIMINT tokens (representing shares of the fund) have now been deployed on the BNB Chain, supporting fiat and stablecoin subscriptions and real-time redemptions.
<div class=)[](Ant Group has made significant progress in its acquisition of Hong Kong local brokerage, Yau Ching Securities, a stablecoin concept stock. The announcement of Ant Group's offer to acquire 50.55% of Yau Ching Securities has finally received approval from the Hong Kong Securities and Futures Commission after more than six months of review, but it still awaits final approval from the National Development and Reform Commission.
<div class=)[Regulation/Macro](Selected Activities in Hong Kong for October
We have specially compiled noteworthy activities in the crypto field in Hong Kong for October, which will open a window to the future of Web3 for you.
<span style=)
[](Selected Activities in Hong Kong for October
We have specially compiled noteworthy activities in the crypto field in Hong Kong for October, which will open a window to the future of Web3 for you.
<span style=)
[](Selected Activities in Hong Kong for October
We have specially compiled noteworthy activities in the crypto field in Hong Kong for October, which will open a window to the future of Web3 for you.
<span style=)[
CCTV's public account exposed details of the special case of the Wei family criminal group in Wa State, Myanmar, revealing that the Wei family criminal group's Weisheng Garden chose the electric fraud industry under the technical support of some so-called "financial investment management" concepts, implementing scams through concepts such as "trust funds" or "blockchain projects" as financial disguises. The police in the special case group learned that with the support of fraud technology, a single market could yield over 100 million yuan. Zhang Hanyi, deputy director of the Quanzhou Public Security Bureau in Fujian Province, stated that the amount of fraud identified so far is nearly 6 billion yuan, with the turnover of the gambling operations approaching 10 billion yuan, and "what has been clarified so far is only a part; it is impossible to clarify everything due to objective conditions abroad."
](<div class=)
[](127,271 Bitcoins, the funds are related to a multinational "pig butchering" scam
The U.S. is seeking to seize 127,271 Bitcoins (approximately $12 billion), which are related to a multinational "pig butchering" scam operated by Cambodian citizen CHEN ZHI. The U.S. Office of Foreign Assets Control (OFAC) has imposed comprehensive sanctions on 146 targets within the Prince Group transnational criminal organization (Prince Group TCO). The organization is headquartered in Cambodia and led by Cambodian citizen Chen Zhi, operating a transnational criminal empire through online investment scams targeting the U.S. and other regions worldwide.
[](
Federal Reserve Chairman Jerome Powell hinted that although the government shutdown significantly weakened its ability to observe the economy, the Fed is on track to cut interest rates by another 25 basis points later this month. Powell stated in his speech that the economic outlook has not changed since the September meeting. At that time, the Fed lowered interest rates and predicted two more cuts this year. Julia Coronado, founder of MacroPolicy Perspectives and former Fed economist, said, "The rate cut in October is a done deal. Nothing can change the view that there are still downside risks in the labor market." Powell has repeatedly pointed out that hiring rates are low and may weaken further. After Powell's speech, expectations for an October rate cut remained virtually unchanged. Federal funds futures contracts show that investors believe the likelihood of a rate cut is close to 100%. Yelena Shulyatyeva, senior U.S. economist at the Conference Board, stated, "Currently, the risks in the job market are rising. This will be a major driver of recent decisions."
[](
Federal Reserve Chairman Jerome Powell hinted that although the government shutdown significantly weakened its ability to observe the economy, the Fed is on track to cut interest rates by another 25 basis points later this month. Powell stated in his speech that the economic outlook has not changed since the September meeting. At that time, the Fed lowered interest rates and predicted two more cuts this year. Julia Coronado, founder of MacroPolicy Perspectives and former Fed economist, said, "The rate cut in October is a done deal. Nothing can change the view that there are still downside risks in the labor market." Powell has repeatedly pointed out that hiring rates are low and may weaken further. After Powell's speech, expectations for an October rate cut remained virtually unchanged. Federal funds futures contracts show that investors believe the likelihood of a rate cut is close to 100%. Yelena Shulyatyeva, senior U.S. economist at the Conference Board, stated, "Currently, the risks in the job market are rising. This will be a major driver of recent decisions."
<h3 dir=)[](
Federal Reserve Chairman Jerome Powell hinted that although the government shutdown significantly weakened its ability to observe the economy, the Fed is on track to cut interest rates by another 25 basis points later this month. Powell stated in his speech that the economic outlook has not changed since the September meeting. At that time, the Fed lowered interest rates and predicted two more cuts this year. Julia Coronado, founder of MacroPolicy Perspectives and former Fed economist, said, "The rate cut in October is a done deal. Nothing can change the view that there are still downside risks in the labor market." Powell has repeatedly pointed out that hiring rates are low and may weaken further. After Powell's speech, expectations for an October rate cut remained virtually unchanged. Federal funds futures contracts show that investors believe the likelihood of a rate cut is close to 100%. Yelena Shulyatyeva, senior U.S. economist at the Conference Board, stated, "Currently, the risks in the job market are rising. This will be a major driver of recent decisions."
<h3 dir=)[](
Federal Reserve Chairman Jerome Powell hinted that although the government shutdown significantly weakened its ability to observe the economy, the Fed is on track to cut interest rates by another 25 basis points later this month. Powell stated in his speech that the economic outlook has not changed since the September meeting. At that time, the Fed lowered interest rates and predicted two more cuts this year. Julia Coronado, founder of MacroPolicy Perspectives and former Fed economist, said, "The rate cut in October is a done deal. Nothing can change the view that there are still downside risks in the labor market." Powell has repeatedly pointed out that hiring rates are low and may weaken further. After Powell's speech, expectations for an October rate cut remained virtually unchanged. Federal funds futures contracts show that investors believe the likelihood of a rate cut is close to 100%. Yelena Shulyatyeva, senior U.S. economist at the Conference Board, stated, "Currently, the risks in the job market are rising. This will be a major driver of recent decisions."
<h3 dir=)[Tether has minted another 1 billion USDT. After the market crash, Tether and Circle have minted a total of $4.5 billion in stablecoins.](Minted another 1 billion USDT, total stablecoin minting reaches $4.5 billion after market crash<p class=)
[](Minted another 1 billion USDT, total stablecoin minting reaches $4.5 billion after market crash<p class=)[Hamak Strategy (London Stock Exchange code: HAMA) has secured a financing plan, including a £5 million convertible loan note signed with YA II PN, Ltd, and a proposed £30 million ATM financing arrangement with its corporate broker AlbR Capital. Both financing arrangements are subject to shareholder approval at a general meeting scheduled for November 3, 2025. The company stated that this financing will support its strategy to enhance shareholder value through gold/Bitcoin investments.
](Hamak Strategy secures £35 million financing for investments in gold and Bitcoin<p class=)
[](Hamak Strategy secures £35 million financing for investments in gold and Bitcoin<p class=)[Ripple has established a strategic partnership with Absa Bank, a major bank in South Africa, to provide digital asset custody services for the bank's clients in South Africa. Through this collaboration, Absa will utilize Ripple's institutional-grade digital asset custody technology to offer storage services for tokenized assets, including cryptocurrencies. Earlier this year, Ripple supported Absa's crypto payment technology, aiding the African payment provider Chipper Cash, and announced the launch of its USD-backed stablecoin RLUSD in Africa.
](Establishing custody partnership with Absa Bank in South Africa<p class=)
[](Establishing custody partnership with Absa Bank in South Africa<p class=)[French banking giant ODDO BHF is entering the cryptocurrency space with the launch of a euro-backed stablecoin, EUROD. EUROD will be listed on the Madrid-based crypto platform Bit2Me, which is supported by major institutions such as telecom giant Telefonica and banking giants Unicaja and BBVA. The two companies stated that the stablecoin complies with EU regulatory requirements under MiCA and is aimed at both retail and institutional users.
](ODDO BHF launches euro stablecoin EUROD<p class=)
[](ODDO BHF launches euro stablecoin EUROD<p class=)[Base co-founder Jesse Pollak stated in an interview with Cointelegraph that Base chose to develop on Ethereum to achieve ecosystem interoperability. Additionally, Jesse mentioned that the Base token is set to launch soon.
](Co-founder reiterates that Base token is set to launch soon<p class=)
[](Co-founder reiterates that Base token is set to launch soon<p class=)[MetaMask will partner with Polymarket to natively integrate an on-chain prediction market within the MetaMask wallet. Through this integration, users will be able to trade predictions across categories such as sports, cryptocurrencies, and politics within MetaMask.
](Integrating Polymarket's on-chain prediction market into the wallet<p class=)
[](Integrating Polymarket's on-chain prediction market into the wallet<p class=)[CoinDCX co-founder and CEO Sumit Gupta stated that Coinbase's investment values CoinDCX at $2.45 billion. Techub News previously reported that Coinbase invested in the Indian and Middle Eastern cryptocurrency exchange CoinDCX.
](Co-founder: Coinbase's investment values CoinDCX at $2.45 billion<p class=)
[](Co-founder: Coinbase's investment values CoinDCX at $2.45 billion<p class=)[Blockchain security firm SlowMist reported that it detected an attack on the token SIL, created by Andre Cronje four years ago.
](Token SIL created by Andre Cronje suffers an attack<p class=)
[](Token SIL created by Andre Cronje suffers an attack<p class=)[Bloomberg ETF analyst Eric Balchunas posted on X that ETF issuer VolShares has submitted applications for multiple 5x leveraged single stock and cryptocurrency ETFs, covering COIN, CRCL, GOOG, MSTR, NVDA, PLTR, TSLA, as well as Bitcoin, Ethereum, Solana, XRP, and others. Notably, VolShares has not yet received approval for any 3x leveraged ETFs but is directly attempting 5x leverage. Some analysts believe this may be VolShares' strategy to launch high-leverage ETFs ahead of potential regulatory approval delays, but the specifics remain unclear.
](Applying for 5x leveraged single stock and cryptocurrency ETFs<p class=)
[](Applying for 5x leveraged single stock and cryptocurrency ETFs<p class=)[Celsius and Tether have reached a $299.5 million settlement agreement, ending a year-long court dispute over Celsius's alleged improper Bitcoin liquidation before its collapse in 2022. Celsius had accused Tether of improperly liquidating 39,542 Bitcoins before the 10-hour waiting period mandated in 2022 expired. The newly reached settlement amount is approximately 7% of the $4.3 billion in damages Celsius initially sought, concluding one of the last disputes in the company's three-year bankruptcy case. Celsius filed for bankruptcy in July 2022 due to a $1.2 billion balance sheet gap. Former Celsius CEO Alex Mashinsky was sentenced to 12 years in prison in May this year for admitting to commodity fraud and manipulating the price of Celsius's native token CEL.
](Reaching a nearly $300 million settlement with Tether, ending previous liquidation-related disputes<p class=)
[](Reaching a nearly $300 million settlement with Tether, ending previous liquidation-related disputes<p class=)[Binance co-founder He Yi responded on the X platform regarding the "data modification" issue, stating: "If you have traded on Binance, you can compare the liquidation prices of the same project. Binance contracts take the marked price, which is the weighted average price after excluding extreme prices from multiple platforms, and you are welcome to verify it yourself. Historically, some platforms take their own prices, making it easy for users to be liquidated by spot price fluctuations, leading them to believe the platform is malicious; thus, one of the innovations of Binance contracts is to use marked prices for liquidation to avoid extreme prices from a single platform. The K-line issue has no motive or reason; it was entirely due to someone on the team getting overly excited, thinking the announcement had explained it clearly. The only impact is that apart from the market vacuum, a user's historical order from years ago made a few dozen dollars." Additionally, He Yi responded to community users asking "why change the K-line," stating: "With more people, it's hard to manage the team, and if I let go and give it to the team, I have to come out and apologize and clean up. Binance is still the same Binance; execution does need to be polished and polished again."
](<p class=)
[](<p class=)[Bloomberg analyst James Seyffart posted on X that VanEck has submitted an updated Solana staking ETF application to the U.S. SEC, with a fee of 0.30%.
](Submitting an updated version of the Solana staking ETF application to the U.S. SEC, with a fee of 0.30%<p class=)
[
The current PMA scale is quite limited, with most betting on cryptocurrencies or sports markets. I look forward to the expansion of markets like esports, and even niche markets like sperm racing and robot fighting.
](PMA Comprehensive Analysis<div class=)
[](Tokens that can survive 1%
Every cycle follows the same pattern: "Development → Sell-off → Exit → Desolation." Liquidity mining attracts "mercenaries," not "citizens"; points and airdrops attract "hunters," not "believers." When the incentive mechanisms stop, the community also stops. The harsh reality is: you cannot build an economic system based on fleeting greed.
<div class=)[Opinion](Tokens that can survive 1%
Every cycle follows the same pattern: "Development → Sell-off → Exit → Desolation." Liquidity mining attracts "mercenaries," not "citizens"; points and airdrops attract "hunters," not "believers." When the incentive mechanisms stop, the community also stops. The harsh reality is: you cannot build an economic system based on fleeting greed.
<div class=)[](Is $20 billion a black swan or a liquidity crisis? Where does the risk really come from?
Historical black swan events are mostly caused by a project blowing up or a severe shock from an external macro variable. However, this time the trigger stemmed from the U.S.-China trade conflict, with Trump claiming tariff escalation as the cause.
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