[Alibaba Partners with JPMorgan to Launch Tokenized Payment System] On November 14, Alibaba's cross-border e-commerce platform (Alibaba.com) announced a partnership with JPMorgan to introduce a tokenized payment system, providing a faster cross-border settlement solution for global B2B operations. This collaboration is regarded as one of the first large-scale applications of blockchain technology in the field of international trade and was unveiled at the CoCreate Europe event in London. Alibaba stated that it will leverage JPMorgan's tokenized infrastructure to address issues such as the numerous intermediaries, high exchange costs, and lengthy settlement cycles in cross-border payments, enabling synchronized fund flows across jurisdictions while reducing delays and costs.

[Bitwise Head of Research for Europe: Fear and Greed Index Below 20 May Be Linked to Bitcoin Outperformance] On November 14, the Crypto Fear and Greed Index dropped to 16 due to a sluggish market, entering the extreme fear zone. Bitwise Head of Research for Europe André Dragosch stated on X that when the index falls below 20, Bitcoin's average subsequent performance is as follows: 1 day +0.9%, 2 days +1.8%, 5 days +4.1%, 1 week +5.2%, 2 weeks +9.3%, 1 month +19.9%, 2 months +44.2%, 3 months +62.4%, 6 months +48.5%. He noted that although many analysts consider the index to be noise, it has historically been associated with signals of outperformance on multiple occasions.

A sharp liquidity crunch sent bitcoin and altcoins plunging, triggering over a billion dollars in derivatives liquidations as traders brace for a potential trend reversal.

[The EU Plans to Grant ESMA Direct Regulatory Authority Over Cryptocurrency Businesses] The EU executive body plans to grant the European Securities and Markets Authority (ESMA) new powers to directly regulate all crypto asset service providers within the region and oversee the authorization of new enterprises. According to the EU's Markets in Crypto-Assets Regulation (MiCA), crypto businesses currently need to obtain authorization in at least one member state. The relevant draft is expected to be officially announced next month.

Community bankers demand that the Office of the Superintendent of the Currency (OCC) prevent Sony from advancing its plans related to cryptocurrency banking. （Decrypt）