[Hong Kong Monetary Authority Completes Second Phase of Digital Hong Kong Dollar Pilot, Focuses on Wholesale Applications] The Hong Kong Monetary Authority (HKMA) has released the 'Second Phase Report of the Digital Hong Kong Dollar Pilot Program,' completing 11 trials and announcing the results. The trials demonstrate that the digital Hong Kong dollar and tokenized deposits can achieve cost efficiency, programmability, and robust transactions, with primary demand concentrated outside retail scenarios. Moving forward, the priority will be on developing wholesale-level applications, promoting the use of the digital Hong Kong dollar for payments between financial institutions. Currently, some financial institutions have already utilized the digital Hong Kong dollar within tokenized ecosystems and cross-border payment scenarios, such as international trade settlements. The HKMA plans to complete policy, legal, and technical preparations by the first half of 2026 and will issue a unified tokenization standard to support the programmability and future development of digital currencies.

**[Metaplanet Launches Stock Buyback Program to Optimize Capital Allocation and Enhance Bitcoin Returns]** On October 28, 2025, Japanese Bitcoin treasury company Metaplanet announced that its board of directors has approved the establishment of a stock buyback program aimed at optimizing capital allocation and maximizing Bitcoin returns. The company stated that due to increased market volatility and a decline in mNAV, the current stock price does not fully reflect its intrinsic economic value. Therefore, the program has been initiated as part of a prudent capital management strategy. The plan is particularly effective when mNAV is below 1.0x. To support the flexible execution of the buyback program, the board has approved a credit facility of up to $500 million (approximately ¥76.4 billion), allowing the company to quickly borrow funds using Bitcoin as collateral. The proceeds will be used to further acquire Bitcoin, invest in Bitcoin yield-generating businesses, or repurchase shares. This arrangement is also part of the company’s broader financial strategy and may serve as a transitional financing measure for future preferred stock issuances.

[A Whale Address Withdraws 894 Bitcoins from Kraken Within 5 Days] According to Onchain Lens monitoring, a whale address has withdrawn 894 Bitcoins from the Kraken platform over the past 5 days, valued at approximately $101.82 million.

402bridge遭到攻击，约1.7万美元USDC被盗。用户需立即撤销对地址0xed1AFc4DCfb39b9ab9d67f3f7f7d02803cEA9FC5的授权。（PeckShieldAlert）

BlackRock以太坊现货ETF于10月27日购买了1.744万枚ETH，总价值约为7250万美元。（Cointelegraph）