[Hourglass requires users to complete KYC by November 12 at 7:59 (UTC+8)] Hourglass announced that the second phase KYC link for the Stable Pre-Deposit Vault is now live. Over 24,000 wallets (with a total deposit amount of approximately $1.74 billion) have passed wallet verification. Users must complete KYC by November 12 at 7:59 (UTC+8). Those who have not completed KYC can do so during this period. If users have deposited USDC but have not received the KYC link, it indicates that the wallet did not pass the Chainalysis verification. In this case, users can withdraw USDC from the contract at any time.

[Coinbase Institutional Report: October Liquidation Events May Pave the Way for Q4 Rally] Coinbase Institutional's monthly report indicates that October's liquidation events could mark the beginning of a medium- to long-term market strengthening, with the fourth quarter (Q4) potentially entering a 'lightened-up' rally phase. The report mentions that excess leverage in the market has been cleared, fundamentals remain solid, and institutional investors are gradually returning. Capital flows are concentrated in EVM chains, risk-weighted assets (RWA), and yield protocols, showing that investors are engaging in selective risk reinvestment. Key conclusions include improved leverage levels but persistent liquidity gaps, capital rotation rather than large-scale inflows, ongoing macro risks, and strengthened structural demand. The report suggests that the current market is in a bottoming phase ahead of the next rally, rather than at a cyclical peak.

[James Wynn Liquidated 12 Times in 12 Hours Due to Market Rebound] Lookonchain monitoring shows that James Wynn (@JamesWynnReal) was liquidated 12 times in the past 12 hours due to the market rebound. Over the past two months, he has been liquidated a total of 45 times. He once had a profitable trade but did not take profit and continued to increase his position, ultimately being liquidated again. His current account balance is only $6,010.

[Hong Kong Government Plans to Issue Multi-Currency Digital Green Bonds] The Hong Kong government plans to issue digital green bonds denominated in USD, HKD, EUR, and RMB, with pricing expected as early as today. This marks the third issuance of digital bonds by the Hong Kong government since 2023. Analysts at CITIC Securities stated that native digital bonds in Hong Kong are expected to transition from pilot projects to one of the standard options for premium corporate financing within the next 2 to 3 years.

According to Artemis data, the total amount of stablecoins on the Ethereum network has increased by $84.9 billion in the past 12 months, leading the stablecoin market. （Cointelegraph）