Organized by: Nona, Techub News

**TinTinLand
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Fear and Greed Index: 31 (Fear)
Bitcoin Price: $109,861
BTC/ETH Spot ETF Fund Flow (10.30)
BTC Net Outflow: $189.59 M
ETH Net Outflow: $64.29 M

Hong Kong

BTC/ETH Spot ETF Fund Flow (10.30)

BTC Net Subscription: 0 BTC

ETH Net Subscription: 0 ETH

Pionex has received approval from the Hong Kong Securities and Futures Commission to upgrade its existing Type 4 (advising on securities) license to provide investment advice on virtual assets. This move means that Pionex can offer comprehensive investment advisory services covering both traditional securities and virtual assets within a compliant framework.

Professor Wang Yang, Vice President of the University of Hong Kong, confirmed his attendance at the "Hong Kong FinTech Summit and New Fire Technology Product Launch" and delivered an opening speech at the event. The forum, co-hosted by the Hong Kong-listed company New Fire Technology, Avenir Group, and Techub News, will grandly open on November 5 at the Grand Hyatt Hotel in Hong Kong.

The Chairman of the Hong Kong Securities and Futures Commission, Huang Tianyou, stated yesterday that there are currently no regulations governing listed companies' participation in cryptocurrency investments in Hong Kong. He mentioned that the commission will monitor market conditions and study providing relevant guidelines for the market. Huang also added that there are no laws in place to regulate listed companies' involvement in virtual asset treasury arrangements. He urged investors to be cautious and understand what a Digital Asset Treasury (DAT) is and its underlying value, while also indicating that the commission will study the issue of listed companies purchasing Bitcoin.

The Hong Kong Monetary Authority has lowered the benchmark interest rate by 25 basis points to 4.25%, following a 25 basis point rate cut by the Federal Reserve overnight.

Regulatory/Macro

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.

The Governor of Bank Indonesia, Perry Warjiyo, confirmed the launch of a national stablecoin backed by government bonds.

Trump posted on social media stating, "I had a very successful meeting with Chinese President Xi Jinping. There is a deep mutual respect between our two countries, and this meeting will undoubtedly deepen that respect further. We reached a consensus on many aspects, and other critical issues are about to be resolved. President Xi has authorized China to begin large-scale purchases of soybeans, sorghum, and other agricultural products, which I am honored by. Our farmers will surely be very happy!" He added, "Additionally, China has agreed to continue supplying the U.S. with rare earths, critical minerals, magnets, etc., openly and freely. Importantly, China has solemnly committed to working closely with us to stop fentanyl from entering the U.S. They will help us end the fentanyl crisis. China has also agreed to start purchasing U.S. energy. In fact, a large-scale deal involving the purchase of oil and gas from Alaska may soon be reached."

During economic and trade consultations in Kuala Lumpur, the U.S. and China reached several important consensus outcomes: the U.S. will cancel the 10% fentanyl tariff imposed on Chinese goods (including those from Hong Kong and Macau) and continue to suspend the 24% equivalent tariff on Chinese goods for another year. China will adjust its countermeasures accordingly, and both sides agreed to extend certain tariff exclusion measures. The U.S. will suspend the implementation of its September 29 announced export control 50% penetration rule for one year, while China will also suspend the implementation of its related export control measures announced on October 9 for one year and study refining specific plans. The U.S. will suspend its 301 investigation measures against China's maritime, logistics, and shipbuilding industries for one year, and China will correspondingly suspend its countermeasures for one year.

A Chinese cryptocurrency fugitive involved in a 100 million RMB digital currency scam was arrested in a luxury apartment in Bangkok. The fugitive is accused of defrauding nearly 100 digital currency investment victims, resulting in losses exceeding 100 million RMB. The scammer, along with three other accomplices who are still at large and one person on bail, set up an online virtual currency investment platform called "FINTOCH" and spread promotional information through a mobile application to defraud investors. Investigations revealed that the gang defrauded nearly a hundred victims, with the amount involved exceeding 100 million RMB.

Project/Company Updates

On October 27, a light truck in Huizhou, Guangdong Province, was found loaded with a large amount of cash in 100 RMB denominations, estimated to be worth over 100 million RMB. Images circulating online show the truck's cargo wrapped in plastic film and tied with ropes, with the words "private money" and a phone number printed on the vehicle. When a reporter called the number on the truck, the man who answered initially insisted that the cash was real money and claimed to be engaged in cryptocurrency exchange, stating that the vehicle was parked in front of a store and that the police had contacted him and did not consider it illegal. However, when the media identified themselves, the man immediately changed his story, claiming the cash was just a prop. The incident occurred at the intersection of Maixing Road and Mingzhu Road in Huicheng District, Huizhou City, where nearby merchants stated they had not noticed the vehicle. Local police said they could not disclose specific details but would pay attention to the situation during patrols.

MegaETH's public sale subscription funds have exceeded $1 billion (with an actual cap of $49.95 million), oversubscribed by 20 times, and the public sale will end in about 9 hours.

According to BlockSec Phalcon monitoring, an unknown contract on the Base chain was attacked, resulting in a loss of approximately $219,000 (55 WETH). The attack is suspected to be due to improper access control, allowing arbitrary calls to the transferFrom function, leading to the theft of assets authorized by the victims.

Ben Pasternak, founder of Believe, posted on X stating that all new ecosystem fees for Believe will be used for buybacks in the future. The team has already completed the first round of buybacks totaling $1 million using existing fees.

Former FTX US President Brett Harrison plans to launch a Perp DEX trading platform focused on stocks and forex. His software startup, Architect Financial Technologies, plans to provide access to such contracts for forex, interest rates, individual stocks, stock indices, metals, energy, and other commodities, and has already received approval from the Bermuda Monetary Authority to operate its new trading platform through a regulated entity.

[]( The former FTX US President plans to launch a Perp DEX trading platform focused on stocks and forex