ETH falls below the $3600 mark

The Ethereum Foundation announced an adjustment of its funding program to be based on a wishlist and request for proposal (RFP) model to coincide with the Fusaka upgrade on December 3rd. （Cointelegraph）

[U.S. Treasury Yields Rise, Influenced by Corporate Debt Issuance and Adjustments to Rate Cut Expectations] U.S. Treasury yields rose on Monday, primarily driven by high corporate debt issuance and adjustments in market expectations for rate cuts. Previously, Federal Reserve Chair Jerome Powell expressed caution regarding the possibility of further monetary policy easing this year, cooling market expectations. Additionally, the U.S. government shutdown that began on October 1 could become the longest in history, obstructing the release of key economic data and increasing uncertainty for policymakers and investors in assessing inflation and the labor market. MassMutual Investment Strategy Director Kelly Kowalski stated that the market had previously anticipated significant rate cuts by the Federal Reserve, but Powell's remarks have raised doubts about the extent of rate cuts next year and the Fed's stance, while the lack of data has further exacerbated market uncertainty.

Since the beginning of 2023, the inflow of Bitcoin funds from retail investors into Binance has decreased by over 80%. Small investors are turning to ETFs, extending their holding time, or have exceeded the "shrimp" category. （Cointelegraph）

[Wintermute CEO Denies Rumors of Suing Binance] Wintermute CEO posted on X denying the rumors of suing Binance, stating that the news is completely unfounded and emphasizing that they have never planned to sue Binance and see no reason to do so in the future.

[Tharimmune Secures $540 Million Financing to Establish Canton Coin Treasury] Nasdaq-listed company Tharimmune (Ticker: THAR) has raised approximately $540 million through a private placement to establish a digital asset treasury centered around Canton Coin. Investors include ARK Invest, DRW, Kraken, Liberty City Ventures, Broadridge, and Polychain Capital, among others. The financing was priced at $3.075 per share, with the transaction expected to close on November 6. Canton Foundation also participated in this investment, marking its first investment in a publicly listed company. Tharimmune will use the funds to purchase Canton Coin, operate validator nodes, and develop related applications, while retaining its biotechnology business. Canton Network, developed by Digital Asset, serves Goldman Sachs, BNP Paribas, and DTCC.