Michael Saylor says Bitcoin needs to integrate with traditional financial system

WEMIX has suspended its cross chain bridge and trading services due to an attack on its related contracts, resulting in approximately $724000 in assets being stolen. （Cointelegraph）

The People's Bank of China launched a 7-day reverse repurchase operation worth 325.5 billion yuan today, with a bid volume of 325.5 billion yuan and a median amount of 325.5 billion yuan, and an operating interest rate of 1.40%.

[Storj Labs Files for Chapter 11 Bankruptcy Protection, Plans to Introduce Token Holder Equity Participation Mechanism] According to a report by Cointelegraph, Storj Labs has filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court for the Northern District of West Virginia. Storj Labs stated that the network will continue normal operations during the restructuring period, with customer services remaining unaffected, and its parent company, Inveniam, continuing to provide support. The Storj management team plans to propose a mechanism allowing STORJ token holders to participate in the equity of the restructured company. Specific details regarding eligibility criteria, token snapshots or lock-up arrangements, and equity distribution ratios have not yet been disclosed. The proposal is subject to court approval.

Jiang Zhuo'er stated that Changxin Technology's bid of 50 yuan is close to the HYPE price of 6.76 US dollars multiplied by the exchange rate of 6.73, which is calculated as 45.49 yuan. Currently, it is not possible to buy or arbitrage.

Sberbank plans to launch cryptocurrency trading and custody infrastructure before December 1st. （Cointelegraph）