Chinese national Zheng Zhao was extradited from the Netherlands to the United States and appeared in court in the Central District of California on October 23. Zhao is accused of involvement in an investment fraud and money laundering case involving 174 American victims and over $36.9 million. The U.S. Department of Justice (DOJ) stated that the fraud was operated by a Cambodian fraud center, with funds being converted into USDT through a Deltec Bank account and then transferred to Cambodian digital asset wallets. Zhao faces charges of conspiracy to commit money laundering, which carries a maximum penalty of 20 years in prison if convicted. (Source: Bitcoin.com News)

Frank, founder of DeGods, responded to the title of "best trader" on the X platform, stating that the title was inappropriate and clarifying that his main perpetual contract wallet is not yet profitable overall, with most funds coming from on-chain transactions during various market cycles. Frank's cumulative profit and loss ranking on the FOMO platform once surpassed Bonk Guy to become number one, but Bonk Guy has now overtaken Frank.

The Bank of Israel rejected Netanyahu's proposal to use cryptocurrency to circumvent sanctions, stating that cryptocurrency cannot be used as a means of circumventing sanctions. Netanyahu said he would stick to his position.

Crypto researcher Tom Wan stated that from September 24th to October 23rd, trading volume on Robinhood Chain's stock token DEX reached $3.68 billion, with 59% occurring outside of regular US stock market trading hours. Regular trading hours accounted for $1.5 billion, while pre-market, overnight, weekend, and after-hours trading volumes were $677 million, $608 million, $532 million, and $363 million, respectively. The 23-hour trading mechanism planned for December 6th by Nasdaq and NYSE Arca only covers some overnight demand; weekend trading remains an advantage for on-chain markets.

Se Yong Park, co-founder of fomo, stated on the X platform that there are currently too many tokens in the market, and the team has no intention of adding new tokens. Instead, they hope to help the most powerful communities continue to develop. He also denied that fomo plans to launch a Solana ecosystem token issuance platform to compete with Pump.fun.