Arthur Hayes: Flop Network enables standardized pricing of computing power and derivatives trading.

On October 27, after ringing the bell for BNB Standard on Nasdaq, CZ gave an interview to The Rollup, stating that blockchain should be used by the financial industry. CZ defined asset tokenization as connecting the US capital market to the blockchain, aiming to make it easier for the world to access US assets and markets. Regarding the tokenization process, CZ believes that as the number of holders and users of tokenized stocks increases, their value will eventually be realized.

Address 0x882…42058 deposited 2558.5 ETH into Kraken, worth $5.9 million. The average purchase price of this address was approximately $2880. Address 0x5a3…Cf9F5, after being dormant for 11 months, redeemed 2511 ETH from Aave and deposited them into Binance 2 hours ago, worth $5.79 million.

Binance founder Changpeng Zhao stated at the BNB Standard Nasdaq bell-ringing ceremony that crypto assets will become the native currency of AI, and he hopes BNB Chain will become the main network. Zhao discussed tokens pegged to computing power resources and expressed his hope to introduce them to BNB Chain. He also advised startups to focus on underserved markets and remittance routes rather than directly competing with Apple Pay or Google Pay. (Source: The Block)

[Netherlands Plans to Vote on Unrealized Cryptocurrency Gains Tax in November; Industry Warns of Sell-Off Risk] A Dutch crypto industry organization has warned that investors may sell off crypto assets if they are excluded from the proposed new capital gains tax regime. According to a proposal from Dutch regulators, stocks, bonds, and options are planned to be taxed upon sale starting in 2028, while cryptocurrencies, gold, and foreign exchange will still be subject to annual taxation on unrealized gains until at least 2030. The Dutch Ministry of Finance stated that differentiating asset classes is a transitional measure to expedite tax reform. The proposal has not yet been finalized, and the Dutch House of Representatives plans to vote on it on November 12. (Source: Bloomberg)

[Korea Exchange activates side-tracking mechanism for KOSPI index] The Korea Exchange activated a side-tracking mechanism for the KOSPI index after it rose more than 4% during trading.