[Nasdaq and Other Institutions Urge EU to Remove or Raise Tokenized Securities Pilot Cap] Nasdaq, Stuttgart Stock Exchange, Adan, Crypto Council for Innovation, and the European Ethereum Institute have sent a letter to the European Council and European Parliament, urging the removal of the cap on tokenized securities platform size or raising the cap from €100 billion to at least €1.5 trillion. The institutions believe the current cap restricts market development, noting that some European projects have already reached a scale of €350 billion and plan to expand further. The letter opposes differentiated restrictions between central securities depositories and other blockchain market operators and suggests that if the cap is retained, the European Commission should be allowed to adjust it as the market evolves, without setting a fixed maximum limit.
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More >US AI stocks retreat, Leopold and Serenity investments face losses.
US AI stocks retreated on November 5th. Leopold's Situational Awareness fund purchased options on AMD, Bloom Energy, CoreWeave, SK Hynix, SanDisk, and a DRAM ETF in mid-September, with a total premium of approximately $315 million. If the holdings remain unchanged, these positions currently have very little residual time value. Serenity's personal account incurred a single-period loss of approximately $13.58 million as of October 22. Its holdings included LITE, AAOI, MRVL, SIVE, COHR, and NVDA, among others; these stocks generally fell by 10% to 22% from the end of October to the beginning of November. (Source: CNBC)
Elizabeth Warren is expected to lead the Senate Banking Committee.
Elizabeth Warren is expected to lead the Senate Banking Committee. (Source: WSJ)
Hillary Clinton: Calls on the new Congress to hold Musk accountable.
On ABC's "The View," Hillary Clinton called on the new Congress to hold Musk accountable after taking office in January 2027. She accused Musk of manipulating data to influence decision-making and advocated for government action. Musk donated approximately $290 million to Republican candidates and related causes during the 2024 presidential election and spent approximately $470 million supporting the Republican Party in this midterm election cycle. President Trump appointed Musk as a senior advisor and co-led the Department of Government Efficiency (DOGE), which was disbanded in July 2025. Democrats plan to investigate Musk's affairs, including conflicts of interest in federal contracts, data access and layoffs during his time at the Department of Government Efficiency, and the X platform algorithm. President Trump has stated he will take steps to protect Musk if necessary, but the president's pardon power cannot directly prevent congressional oversight, subpoenas, or hearings.
Pendle supports the NGI+ tokenized fund, with an underlying size of $2.1 billion.
Pendle announced support for the NGI+ tokenized fund, which is underpinned by Partners Group’s $2.1 billion Next Generation Infrastructure fund. NGI+ converts traditional institutional fund exposure into permissionless tokens, with the underlying fund shares held by Reale. Tokens can be freely transferred between wallets and interact with DeFi, with subscriptions and redemptions conducted through Reale, and KYC/AML checks located at both the entry and exit points. The fund opens for trading monthly, and Pendle has launched PT, YT, and LP markets around it. Asseto Finance has built a reusable framework for bringing more institutional strategies on-chain.
ASTER's trading volume surged fivefold in an instant.
Binance's ASTER/USDT perpetual futures trading volume surged fivefold within 10 minutes, reaching $45.29 million in the past 24 hours, a decrease of 1.59%. A surge in trading volume generally indicates increased market activity or large-scale buying and selling operations, which may be caused by some important market changes or news announcements. According to AiCoin data, Binance Futures ranks No. 1 globally.