Organized by: Nona, Techub News
**TinTinLand
**
Fear and Greed Index: 59 (Neutral)
Bitcoin Price: $122,104
BTC/ETH Spot ETF Fund Flow (10.2)
BTC Net Inflow: $627.24 M
ETH Net Inflow: $307.05 M
Hong Kong
BTC/ETH Spot ETF Fund Flow (9.30)
BTC Net Subscription: 0 BTC
ETH Net Subscription: 0 ETH
[](0.54%, Yunfeng Financial closed up 6.16%
Hong Kong stocks opened lower and closed lower throughout the day, with the Hang Seng Index briefly falling below 27,000 points during the session. By the close, the Hang Seng Index fell 0.54%, and the Hang Seng Tech Index dropped 0.90%. In terms of individual stocks, Yunfeng Financial (00376.HK) closed up 6.16%.
The board of directors of Hong Kong-listed Noah Holdings announced that following the announcement on August 28 regarding the subscription for Class A equity of the private debt digital income fund, there have been recent changes in the regulatory and governance environment for cryptocurrency in the United States. For prudential reasons, the company has decided to adjust its fund's capital allocation from the originally planned $50 million Class A equity to a smaller scale of approximately $5 million Class B equity. Any subscription amounts paid that exceed the modified commitment amount have been refunded to the company. Noah Holdings stated that since Class A equity can only be reinvested in Bitcoin through lending yields in stablecoins, while Class B equity allows for a gradual deployment of up to 20% of the original capital in Bitcoin during the first year, the pace and extent of such deployment may be adjusted based on market conditions, fund liquidity, and the discretion of the manager.
<div class=)Hong Kong-listed Yunfeng Financial (00376.HK) announced that it has successfully made a strategic investment in the global cryptocurrency life insurance company Anthea Holding Limited and has signed a strategic cooperation memorandum with it. Both parties will jointly explore growth opportunities in global cryptocurrency life insurance and apply blockchain technology in insurance compliance processes (such as KYC and anti-money laundering). Yunfeng Financial stated that this cooperation is part of its vision to fully integrate into Web3 and create a new generation of Web3 financial service ecosystem.
](Anthea
[DAT
](Selected activities in Hong Kong for October
We have specially compiled noteworthy activities in the cryptocurrency 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 cryptocurrency field in Hong Kong for October, which will open a window to the future of Web3 for you.
<span style=)[Regulation/Macro
](It's the ETF moment of the Crypto era
Xiao Feng pointed out that the biggest difference between DAT and ETF lies in the valuation method: ETF uses net asset value, while DAT uses market value. This difference gives DAT better price elasticity and provides investors with a richer structured operational space.
<span style=)
[](It's the ETF moment of the Crypto era
Xiao Feng pointed out that the biggest difference between DAT and ETF lies in the valuation method: ETF uses net asset value, while DAT uses market value. This difference gives DAT better price elasticity and provides investors with a richer structured operational space.
According to the U.S. Bureau of Labor Statistics' government shutdown contingency plan, the agency will suspend all operations and not release economic data during the government shutdown. The non-farm payroll report originally scheduled for release tonight at 20:30 will be affected. Previously, the weekly unemployment claims report scheduled for release on Thursday was not published. Additionally, according to CNN, the non-farm data for September has been collected and may be ready for release. However, this report has not received a response from the Bureau of Labor Statistics.
<div class=)[Bank of America cited EPFR data showing a net inflow of $26 billion into global stock markets last week, with the technology sector receiving $9.3 billion in inflows, a record high. Bond inflows were $19.9 billion, cash inflows were $20.8 billion, gold inflows were $5.9 billion, and cryptocurrency inflows were $2.9 billion. U.S. Treasury outflows were $7.5 billion, marking the sixth highest outflow on record.
]($26 billion, cryptocurrency inflows of $2.9 billion<div class=)
[](
New York State Senator Liz Krueger proposed a bill to impose a consumption tax on the energy consumed by cryptocurrency mining companies operating in the state. This proposed consumption tax will adopt a tiered rate: mining companies consuming 2.25 million kilowatt-hours or less per year will be exempt; those consuming 2.26-5 million kilowatt-hours will be taxed at 2 cents per kilowatt-hour; those consuming 5-10 million kilowatt-hours will be taxed at 3 cents per kilowatt-hour; those consuming 10-20 million kilowatt-hours will be taxed at 4 cents per kilowatt-hour; and those consuming over 20 million kilowatt-hours will face a maximum tax rate of 5 cents per kilowatt-hour. Additionally, the proposal stipulates that mining companies using 100% renewable energy may receive tax exemptions.
<div class=)[](Swedish Democrats Dennis Dioukarev and David Perez submitted a motion to the parliament calling for research on establishing a national Bitcoin reserve.
<div class=)[The Thai Securities and Exchange Commission (SEC) Secretary-General Pornanong Budsaratragoon stated in an interview that the country plans to expand its cryptocurrency exchange-traded fund (ETF) beyond Bitcoin. Pornanong said, "Our current possibility is to expand the standards for cryptocurrencies, such as a basket of cryptocurrencies." She added that the Thai SEC will allow local mutual funds and institutions to issue such funds according to the rules.
](Expanding the scope of the ETF beyond Bitcoin<div class=)
[](Laser Digital plans to launch cryptocurrency trading business for enterprises in Japan
Jez Mohideen, CEO of Laser Digital Holdings, a subsidiary of Nomura Holdings, stated in a written statement that the company is preparing to apply for registration as a cryptocurrency exchange with the Japanese Financial Services Agency (FSA) to provide services to Japanese financial institutions and other corporate clients.
According to Cointelegraph, as of Thursday local time (the initial deadline for making a decision), the U.S. SEC failed to make a decision on the Canary Capital spot LTC ETF, raising concerns in the community about how the regulatory agency will operate during the federal government shutdown and how its new universal listing standards will affect the timeline for dozens of pending cryptocurrency ETF applications awaiting approval.
According to Fortune, Jesse Pollak, head of Base, discussed the highly anticipated Base token in a podcast. Pollak cautiously stated that Coinbase is determined "not to rush the deployment of tokens" and "does not plan to announce a release date in the short term." He explained that the launch of the token is to "coordinate incentive mechanisms and the decentralization of the token." Pollak acknowledged the historical issues with token issuance and stated that Coinbase is "acting cautiously" while also learning from projects on Base that have responsibly issued tokens (such as Aerodrome).
<div class=)[](
The Chicago Mercantile Exchange (CME Group) announced that it will offer 24/7 cryptocurrency futures trading in 2026, pending regulatory review.
<p class=)The Chicago Mercantile Exchange (CME Group) announced that it will offer 24/7 cryptocurrency futures trading in 2026, pending regulatory review.
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Combining Binance's frequent launch of BTC concept tokens in September, along with the strong performance of the tokens; it can be said that if the market welcomes another "altcoin season" in the future, the BTC ecosystem concept sector is likely to become a key track that cannot be missed.
](Monthly Review: Focus on BTC ecosystem projects in Binance, with over half of the market performing well<div class=)
[
Facing this historic window, industrial park managers should take the Web3 pilot as an opportunity to actively embrace technological change, build an open, collaborative, and intelligent enterprise ecosystem, seize the value high ground in the wave of the digital economy, and open a new chapter in the high-quality development of industrial parks.
](Web3 Pilot: Breaking the traditional ceiling of the linkage between cryptocurrencies and stocks<div class=)
[Views](Web3 Pilot: Breaking the traditional ceiling of the linkage between cryptocurrencies and stocks<div class=)
[](
The success of stablecoins does not depend on who can issue them, but on who can exert influence. In an open ecosystem, liquidity benefits existing participants. In a closed system, custody and user interface control determine the outcome.
<div class=)[The "trickle-down effect" leaves the altcoin market, traditionally reliant on BTC profit reinvestment, facing liquidity shortages.](In the era of ETFs, where are the opportunities?
A harsh reality is that most of the funds flowing into Bitcoin are locked in the traditional financial system through ETF channels. This directly breaks the historical "
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