[The Federal Reserve May End Quantitative Tightening This Week, Market Pressure Emerges] The Federal Reserve is expected to end its three-year-long quantitative tightening policy this week to ease pressure on the banking sector. Earlier this month, some bank lending institutions utilized the Federal Reserve's backstop funding mechanism, with usage levels reaching those seen during the pandemic. Since the launch of quantitative tightening in June 2022, the Federal Reserve has allowed over $2 trillion in U.S. Treasury bonds and mortgage-backed securities to roll off its balance sheet. Evercore ISI Vice Chairman Krishna Guha stated that the market widely anticipates the Federal Reserve to terminate quantitative tightening this month. Former Federal Reserve Vice Chair Richard Clarida noted that even if no formal decision is announced, the Federal Reserve may signal the end of this policy clearly by December.

[402bridge Team's Test Wallets and Main Wallet Compromised Due to Private Key Leak] On October 28, 402bridge officially announced that several team test wallets and the main wallet were compromised due to a private key leak. Currently, 402bridge has reported the incident to law enforcement authorities and stated that they will promptly update the community on the latest developments based on the progress of the investigation.

[GMGN Will Fully Compensate Users Affected by Phishing Attack] GMGN co-founder Haze stated on the X platform that GMGN recently encountered an external phishing attack, where attackers created a fake third-party token website to lure users into clicking and triggering unauthorized transactions. The issue has now been resolved, affected accounts have been secured, and similar attacks have been blocked. Approximately 107 users were impacted by this incident. GMGN will fully compensate for the related losses and distribute the funds to users' GMGN accounts within today.

[A Whale Transfers 441 BTC to Coinbase Institutional] WhaleAlert monitoring shows that approximately 6 minutes ago, a whale transferred 441 BTC to Coinbase Institutional, valued at approximately $50.285 million.

[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.