Hong Kong will submit a bill on Bitcoin and cryptocurrencies before the end of the year.

Crypto analyst Darkfost noted that tokenized gold trading has rebounded against the trend amid a weakening crypto market. Binance Gold-supported products have accumulated over $8 billion in trading volume since their launch; excluding the initial peak trading volume, the past 7 days have seen a record high trading volume exceeding $325 million, with a single-day trading volume of $78 million on November 5th. Darkfost notes that gold prices have corrected by more than 30% since the beginning of the year and are currently stabilizing around $4,000 per ounce.

[US Treasury Sanctions Eight Canadian OTC Exchanges] The US Treasury Department imposed sanctions on eight Canadian OTC exchanges on November 6, including Nia Nations (NNCE) and Million Exchange (MillionEX). These sanctions follow a recommendation by ZachXBT five months ago to sanction brokers who abuse Iranian OTC markets. ZachXBT pointed out that Canada's low level of law enforcement globally has led to widespread abuse.

[Solana's Weekly Trading Volume This Year is Approximately 15% of Major US Stock Exchanges] As of September 23, Solana's year-to-date weekly trading volume was approximately 95.92 million, while major US stock exchanges averaged approximately 657 million weekly trading volumes during the same period, with Solana representing about 15% of the latter. The above data comparison includes Nasdaq, NYSE, ARCA, BATS, and NYSE American, and the statistics only include the number of trades, excluding trading volume or average trade size. (Source: Blockworks)

On November 8, HODL15Capital reported that a holder known as Mr. 1,000 increased his holdings by 5,000 BTC in two days, bringing his total holdings to 6,000 BTC, worth approximately $456 million. Between November 5th and 6th, this holder increased their holdings by 1,000 BTC in six separate transactions. The last transaction was recorded at 03:38 on November 6th, at which time the holding was valued at $456 million and the BTC price was $75,980 per BTC.

Hong Kong has confirmed it will submit a significant bill regarding Bitcoin and cryptocurrencies before the end of the year. The bill will cover licensing regulations for transactions, custody, advisory services, and administration. (The Bitcoin Historian)