Cryptocurrency exchange MEXC announced that it will adjust its internal processes in response to an influencer's request to unlock its $3 million account. The user previously gained attention due to account freeze issues and publicly defended their rights on social media. MEXC stated that it will optimize relevant mechanisms to enhance user experience, but did not disclose specific details. This incident has sparked discussions in the community about the security of exchange accounts and transparency of services. （Decrypt）

[Chairman of the U.S. House Agriculture Committee Discusses Expanding Crypto Regulatory Authority with Acting CFTC Chair] Glenn 'GT' Thompson, Chairman of the U.S. House Agriculture Committee, held talks on Thursday with Caroline D. Pham, Acting Chair of the Commodity Futures Trading Commission (CFTC), to discuss preparations for the CFTC to expand its cryptocurrency regulatory authority and formulate related rules next year. The discussions were based on expectations that legislation related to market structure might pass. Previously, Caroline D. Pham had engaged in similar discussions with John Boozman, Chairman of the U.S. Senate Agriculture Committee.

[Bank Negara Malaysia Launches Three-Year Tokenization Exploration Plan] Bank Negara Malaysia has announced a three-year exploration plan for tokenization of real-world assets, establishing a 'Digital Asset Innovation Hub' and an industry working group, while seeking feedback from the industry on potential application scenarios such as supply chain finance and Islamic finance.

Sigma Capital CEO Vineet Budki stated that Bitcoin may experience a 65% -70% price retracement in the next two years, but is still expected to reach $1 million in the next decade. （Cointelegraph）

[Analysts Optimistic About Coinbase's Derivatives and Stablecoin Growth Potential] Coinbase's third-quarter revenue reached $1.9 billion, a 37% quarter-over-quarter increase, primarily driven by active Ethereum trading and growth in subscription service revenue. Although Bitcoin trading's share slightly declined, multiple Wall Street institutions believe Coinbase has achieved business diversification and are optimistic about the long-term growth potential of its derivatives, stablecoins, and the Base network. William Blair considers Coinbase to have transformed into a crypto financial infrastructure company, projecting profit margins to rise above 60%. JPMorgan described the quarter's performance as 'exceptionally strong,' but cautioned that acquisitions and expansion could increase costs. Benchmark highlighted a 7% quarter-over-quarter growth in stablecoin revenue. Bernstein expects the Base ecosystem and potential future token issuance to become significant growth catalysts.