[UK Wage Growth Slows and Employment Weakens, GBP/USD Declines] Data from the UK Office for National Statistics shows that the average wage excluding bonuses for the three months ending in September slightly decreased year-on-year to 4.6%, down from the previous month's growth rate of 4.7%, in line with market expectations. Job positions decreased in October, and the unemployment rate rose to its highest level since March 2021. The Bank of England maintained interest rates at 4% last week and hinted at a possible reduction in borrowing costs in December. Following the release of the data, GBP/USD fell from 1.3155 to 1.3120.

The Brazilian central bank requires encryption service providers to obtain authorization before operation, and the new regulations will take effect in February 2026 with a 9-month grace period. （Cointelegraph）

[Swiss Crypto Bank Research: 61% of Institutions Plan to Increase Crypto Asset Holdings] Swiss crypto bank Sygnum's latest research reveals that despite the significant market pullback in October, approximately 61% of institutions plan to increase their crypto investment exposure in the coming months, with 55% of respondents holding a short-term bullish outlook. The report highlights that around 73% of institutions continue allocating to crypto assets due to expectations of higher future returns. Sygnum's Head of Research, Lucas Schweiger, stated that 2025 could be a year of 'risk convergence and strong demand,' with regulatory developments and ETF progress potentially being key factors. Currently, at least 16 crypto ETF applications are awaiting approval from the U.S. SEC, with the process delayed due to the government shutdown. Over 80% of institutions are interested in crypto ETFs beyond BTC and ETH, and 70% indicated that if ETFs offer staking yields, they would start or increase investments. Sygnum believes staking-based ETFs could become the next institutional capital driver in the crypto market.

The bank’s latest survey finds investors shifting toward portfolio balance and discretionary strategies as bitcoin’s safe-haven appeal eclipses altcoins.

[Analyst Says BTC Short-Term Holders Have Increased Holdings by 1 Million Since August] CryptoQuant analyst Axel stated that since August, the holdings of BTC short-term holders have increased by 1 million, bringing the total to 5.4 million, an increase of 24.7%. Despite these holdings being in a loss state, new investors continue to buy.