ETH breaks through the $2,400 mark

ZetaChain has submitted a governance proposal to burn approximately 55 million ZETA tokens monthly by 2027, and has pledged not to sell any newly unlocked ZETA held by the foundation throughout 2027. After the migration is complete, no more ZETA will be issued, and token minting authority will be permanently revoked. ZETA plans to migrate to Solana on a 1:1 scale on December 9, 2026. Voting on the proposal has begun and will last for 72 hours, ending on November 7.

BTC has retested the level it broke out in August. The True Market Mean is at $77,700 and the Short-Term Holder Cost Basis is at $75,800, currently providing strong support. BTC holding above these levels would help extend the upward trend that began in August. (glassnode)

[ApeChain Migrates Cross-Chain Infrastructure to Chainlink CCIP] ApeChain is migrating its cross-chain infrastructure from LayerZero to Chainlink CCIP, which will serve as the standard cross-chain infrastructure for the Yuga Labs ecosystem, covering projects such as Bored Ape Yacht Club. APE, USDC, and other key assets on ApeChain will be upgraded to Chainlink cross-chain tokens (CCT) to enable cross-chain connectivity for applications, communities, and their assets.

855 BTC were transferred from an unknown wallet to Coinbase Institutional, worth approximately $68.91 million (UTC+8 08:09).

Morgan Stanley is transferring traditional financial securities to the blockchain through tokenization.