Key Takeaway: Artificial buy orders appear on Binance ETH, totaling $15.9 million.

HSBC's Co-CEO for Asia and the Middle East, Liao Yijian, announced that HSBC will establish a global AI research institute in Hong Kong, expected to begin operations in early 2027. Initially, it will focus on AI application cases, blockchain technology, and post-quantum cryptography. HSBC currently has a team of 150 AI professionals in Hong Kong, and expects to double that size within the next two to three years. (Source: Caixin)

Binance has restored withdrawal services for USDC, USDT, and ETH on the Ethereum network, and USDC, USDT, and BNB on the BNB Smart Chain network. Binance will continue to conduct security checks and will restore withdrawal services for more assets and networks in phases after the checks are completed.

On-chain analyst Murphy pointed out that as of October 31, the total supply of BTC held by short-term holders was 2.2353 million coins, of which 1.147 million coins were in a floating loss state, accounting for 51.3%. The cost structure of short-term holders' positions shows a bimodal structure, with 1.145 million coins concentrated in the high-cost zone of $78,000 to $86,000, and 556,000 coins concentrated in the low-cost zone of $60,000 to $65,000. The average daily net reduction of low-cost coins was 6,733 coins in September, and the slowdown was in October.

OnePay and Stripe Launch Stablecoin Deposit Service OnePay, in partnership with Stripe, has launched a stablecoin deposit feature, available to select US users. This feature allows direct exchange of USDC across 12 blockchains for US dollars, deposited into OnePay Checking accounts. Bridge provides the technical support, handling deposit address generation, compliance checks, and conversion. Fees are waived during the initial launch period.

He Yi stated on the X platform that Binance withdrawals are currently running smoothly overall. However, if there are a large number of withdrawal requests, congestion may occur, but it will return to normal afterward. Please verify your address and confirm the security of your device and environment before making a withdrawal.