BNB breaks through the $850 mark

On chain data shows that the address 0xaFA... f7731 proposed 150 WBTCs from Binance three hours ago, pledged them to Aave, and lent 6 million USDCs, suspected of buying another 150 WBTCs. At present, a total of $25.75 million worth of WBTC has been established at this address, with an average long price of $85376.5. (Auntie Ai)

A Chinese creditor representing a group of over 300 other creditors filed an objection to FTX’s latest motion that could allow it to relinquish claims in certain restricted regions.FTX has identified $800 million in creditor claims across 49 potentially restricted jurisdictions, with China accounting for 82%, according to The Block’s calculations based on an earlier filing.

Truth Social has signaled the introduction of a utility token, designed to be tied to a loyalty program associated with its TV streaming “Patriot Package” subscription, currently in testing.This announcement follows the company’s statement in April that it is exploring the possibility of issuing a utility token within a Truth digital wallet.

[Trinidad and Tobago Passes Crypto Regulation Bill to Address FATF Assessment] The Parliament of Trinidad and Tobago passed the 'Virtual Assets and Virtual Asset Service Providers Bill' with 25 votes in favor and 11 against, establishing a regulatory framework for cryptocurrency activities. The bill aims to meet the anti-money laundering and counter-terrorism financing standards of the Caribbean Financial Action Task Force (FATF) in preparation for the FATF on-site assessment scheduled for March 2026. Before the bill's passage, the opposition accused the government of violating parliamentary procedures by submitting a 48-page document containing over 200 amendments just minutes before the debate. Critics expressed concerns that the bill's stringent measures might stifle innovation, while the government stated that the amendments were based on extensive consultations.

[Bitcoin Long-Term Holders Sold Over 400,000 Coins in October, Price Drops Below $85,000] Economist Peter Schiff warns that Bitcoin long-term holders are transferring assets in large quantities to short-term investors, which may exacerbate the market downturn. In October, whales and long-term holders sold over 400,000 Bitcoins, causing the price to drop below $85,000. Early investor Owen Gunden cashed out approximately $1.3 billion worth of 11,000 Bitcoins, while 'Rich Dad Poor Dad' author Robert Kiyosaki sold all his Bitcoins at a price of $90,000.