Solana's ecosystem generated $153 million in revenue in October, 2.4 times the combined revenue of its four competing blockchains.

The U.S. Treasury Department announced a quarterly refinancing amount of $125 billion. The Treasury will auction $42 billion in 10-year Treasury notes and tender $25 billion in 30-year Treasury notes. The Treasury removed the word "at least" from its guidance on maintaining stable auction sizes. (Source: Jinshi Data)

US President Trump did not schedule any public events on Wednesday; the White House schedule for the day consisted only of closed-door policy meetings. In an interview, Trump acknowledged that the war with Iran was one of the reasons for the Republican Party's electoral loss and insisted that he did not regret initiating the conflict. (Source: Wall Street Journal)

Bitcoin faced selling pressure in the US market, despite a rebound in price to $78,000. Bitcoin trades at a $100 discount on Coinbase compared to Binance and OKX. (Bitcoin Archive)

Following the Republican Party's midterm election defeat, Trump canceled all public appearances. (Source: WSJ)

Schroders Partners with Centrifuge to Launch Emerging Market Debt Fund on Solana Asset management firm Schroders will partner with Centrifuge to launch its first emerging market debt fund on the Solana blockchain. Schroders manages $1.1 trillion in assets.