Crypto Markets Today: BTC Wilts After First Red October Since 2018

[MicroStrategy Plans to Issue Euro-Denominated Preferred Stock to Finance Bitcoin Purchases] MicroStrategy has filed documents with the U.S. SEC, planning to publicly issue 3.5 million shares of euro-denominated perpetual preferred stock (STRE) with an annual dividend of 10%, to support company operations, including Bitcoin acquisitions. On Monday, MicroStrategy announced the purchase of 397 BTC, bringing its total holdings to 641,205 BTC. The issuance will depend on market conditions and aims to provide ongoing funding support for MicroStrategy's digital asset treasury model.

BBX News: Yesterday, global listed companies focused on vertical tracks in their encryption configurations: Institutional level blockchain receives heavy attention: Tharimmune (NASDAQ: THAR) completes $540 million private placement, acquires Canton Network token with Goldman Sachs participation and becomes a super validator Innovation of stablecoin treasury: Nocera (NASDAQ: NCRA) plans to issue $300 million convertible bonds and allocate stablecoins specifically to support treasury strategy The AI and RWA race is heating up: Maison Solutions (NASDAQ: MSS) holds 2.55 million WLDs; Ocean Group (HKEX: 01991) plans to invest in RWA service platform The daily financing and investment exceeded 870 million US dollars, and institutional allocation shifted from breadth to depth. Source: bbx.com

[Vitalik Says modexp Precompiled Contract Inefficiency Hinders Ethereum Development] Ethereum co-founder Vitalik Buterin posted on the X platform, stating that the inefficiency and complexity of the modexp precompiled contract have negatively impacted the Ethereum ecosystem. He pointed out that modexp's poor performance not only drags down Ethereum but also increases the risk of consensus failures due to its complexity. While performance can be improved by optimizing the original execution layer or the verification layer, considering that this feature is used by only 0.01% of users, he believes such optimization is unwise. Vitalik emphasized that Ethereum currently faces more urgent scaling needs and improvement tasks in other parts of the protocol, and optimizing modexp should not be a priority.

[HSBC Launches Tokenized Deposit Service for Hong Kong Clients] HSBC Group CEO Noel Quinn stated at the 2025 International Financial Leaders Investment Summit that missing out on the application of disruptive technologies would pose significant risks. Quinn pointed out that blockchain technology represents a key opportunity, and HSBC has launched tokenized deposit services for Hong Kong clients while participating in projects related to virtual currencies.

[Balancer Hacker Converts Stolen Assets to ETH] On November 4, monitoring data shows that the hacker of the DeFi protocol Balancer is converting stolen assets into ETH. Previously, the stolen funds from Balancer had exceeded $116.6 million.