[Hong Kong Securities and Futures Commission to Promote Trading of Tokenized Funds on Platforms] Cai Fengyi, Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission (SFC), stated that the SFC will introduce several optimization measures, including promoting the trading of tokenized funds on virtual asset trading platforms and planning to add payment and settlement functions to the Hong Kong Stock Exchange's fund platform. Currently, the secondary market trading of tokenized funds still requires improvements to relevant systems and risk prevention measures. The SFC is negotiating appropriate solutions with fund companies and trading platforms. Recently, it was clarified that tokenized funds in secondary market transactions will be exempt from stamp duty, which is expected to accelerate the development of the secondary market.

[FG Nexus Sells Majority Stake in Reinsurance Division to Focus on Ethereum Strategy] FG Nexus announced the sale of the majority stake in its reinsurance division to Devondale Holdings LLC. The transaction includes approximately $3 million in cash, $1.25 million in notes, and 40% equity in Devondale. This move aims to focus on the Ethereum asset accumulation strategy, with the goal of becoming the world's largest corporate ETH holder.

Bitget KDA/USDT's perpetual trading volume surged 21 times in 10 minutes, with a turnover of 14.67 million US dollars in the past 24 hours, a decrease of 30.23% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

[ENDRA Life Sciences Raises $4.9 Million and Launches Crypto Treasury Strategy] On October 23, U.S.-listed company ENDRA Life Sciences completed a private placement, raising approximately $4.9 million and launching a crypto treasury strategy. The company has purchased 78,863.1 HYPE tokens, valued at approximately $3 million as of October 21.

[Nubila and Wyze Collaborate to Launch AI-Driven On-Chain Smart Home System] Decentralized physical oracle Nubila has announced a collaboration with U.S. smart home company Wyze to launch the world’s first AI-driven, on-chain oracle-verified weather-based smart home system. Founded in 2017 and headquartered in Seattle, Wyze is one of the fastest-growing smart home and IoT companies in North America, with over 100 million devices shipped globally and more than 10 million monthly active users. In this collaboration, Wyze’s smart irrigation system has been integrated with Nubila’s Matrix smart sprinkler model. This model leverages decentralized real-time hyper-local weather data and optimizes irrigation timing and water usage through evapotranspiration and water balance algorithms. In California trials, the Matrix system achieved 30%-50% savings on water bills, and it is estimated that once fully implemented, it could reduce water waste by approximately $4 billion annually in California alone. In the future, the two parties plan to expand this system to areas such as lighting and air conditioning control, while promoting the development of agent autonomy and the agent economy, providing physical data infrastructure for household robots and AI agents.