Binance's TIA/USDT perpetual futures trading volume surged fivefold within 10 minutes, reaching $28.05 million in the past 24 hours, a decrease of 2.56%. 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.

Kim Min-seok, leader of South Korea's Democratic Party, has proposed postponing the cryptocurrency income tax, originally scheduled to take effect on January 1, 2027. He advocates first enacting a "Basic Law on Digital Assets" to establish a legal framework and give companies and investors time to adapt. (Source: News 1)

Andrew Canoby, head of fixed income for Franklin Templeton Australia, said the US midterm elections triggered a shift in financial markets from stocks to bonds, indicating a risk-averse trend. Democratic control of Congress constrains President Trump's growth agenda in areas such as artificial intelligence and resources. The yield on Australian three-year government bonds fell 15 basis points from the beginning of the week. (Source: Jinshi)

According to BBX, yesterday's global capital markets witnessed the most compelling fiat currency absorption capacity in the balance sheet expansion of the absolute leading crypto institutions. Without fancy financial techniques or complex bond issuances, relying on the terrifying cash flow generated by their core businesses, crypto giants are using the simplest method to move core assets from the circulating market into their cold wallets: —Profit Siphoning: Stablecoin giant Tether disclosed that its Bitcoin holdings jumped to 150,000 coins (market value of $11.5 billion), confirming that it used huge profits from the spread between US Treasury yields to buy up Bitcoin in October. —Ecosystem Monopoly: Mining company BitMNR bought another 5,000 ETH on Kraken, pushing its cumulative holdings over a year and a half to 6.06 million ETH (worth over $20 billion), with the average price locked at $3,329. The market is showing a clear dual evolutionary trend: "stablecoin giants are using the huge and certain US Treasury yield spread profits to accumulate large-scale Bitcoin underlying assets" and "leading listed mining companies are relying on their strong capital allocation capabilities and precise cost control to continue to monopolize the core tokens of Ethereum." Source: bbx.com

Jack Dorsey's Block Inc. reported a gross profit of $3.2 billion in the third quarter, exceeding expectations and raising its 2026 outlook, while also mentioning a potential settlement with the U.S. Department of Justice for a larger sum.