BNB falls below the $600 mark

Odaily Planet Daily News: Digital asset custodian Zodia Custody has launched the Unified Wallets feature, aimed at enhancing its core custody solution and providing institutional digital assets and fund managers with the option to "pool funds" from their own clients to facilitate transactions and improve operational efficiency. Through a unified wallet, financial institutions and digital asset companies can deposit multiple deposits into separate independent wallets, each associated with a separate base customer. The new service enables its customers to "automatically collect" these deposits in an economically efficient manner and utilize "asset aggregation" for more efficient transactions without compromising control and security. （Crowdfund Insider）

According to Foresight News, as monitored by The Data Nerd, 16 hours ago, a giant whale deposited 11.95 million BLURs (approximately $2.74 million) into Binance. Three hours ago, he also deposited 1.8 million USDC into Binance.

Odaily Planet Daily News: At the 2024 Hong Kong SmartCon conference held by ChainLink, Flow Traders CEO Mike Kuehnel spoke at the roundtable on "Bridging the Dual World: When DeFi Meets TradFi" and said, "We should Dream Bigger. Imagine at some point in time, users can transfer asset liquidity from TradFi to DeFi, and change their asset portfolio and risk status in a short period of time with lower transaction costs and the fastest possible operating speed. This will be a huge transformation in the financial market, and it will also have a huge social impact. According to the World Bank, there are still 1.7 billion adults in the world who do not have their own bank accounts, and the combination of DeFi and TradFi will help change this situation

According to Foresight News, the circulation of TRC20-USDT has increased to 62.7 billion, reaching a historic high. As of now, TRC20-USDT holds 54.84 million accounts and has accumulated over 2.085 billion transfers.

【】 PANews reported on October 30th that at the Smartcon 2024 event in Hong Kong, Legislative Council member Qiu Dagen stated that the regulatory framework for stablecoins is expected to be submitted to the Hong Kong Legislative Council next month, and the legislative process may take an additional two to three months. The first round of debate is planned to begin early next year. Qiu Dagen also revealed that due to the upcoming legislative arrangements, Hong Kong is no longer accepting new applications for stablecoin issuance. In addition, over-the-counter (OTC) trading services will be included in the regulatory framework for virtual assets in Hong Kong. We are currently discussing the regulatory framework for physical trading venues (such as stores), especially those engaged in digital asset trading such as Bitcoin. This regulatory measure will be independent of the supervision of virtual asset exchanges and online platforms, specifically targeting the management of physical asset trading venues. In addition, Qiu Dagen also revealed that the OTC Physical Custody (OPC) framework has completed two rounds of public consultation and is expected to implement specific regulatory measures next year. Once this framework takes effect, it will standardize all physical stores engaged in virtual asset trading, ensuring regulatory coverage of physical trading venues.