A whale spent $65.61 million to buy 28,600 ETH.

[HSBC CEO: RedCoin Attracts 50,000 Users in One Week] HSBC CEO Georges Elhedery stated that the Hong Kong dollar stablecoin RedCoin attracted 50,000 users in its first week of operation and will expand to HSBC and Hang Seng Bank clients in the future. RedCoin has already launched with over 3.3 million users of the PayMe app, supporting merchant payments and wallet top-ups. HSBC plans to provide services through HSBC HK Mobile Banking and support subscriptions to tokenized money market funds. HSBC will also establish a global AI and emerging technologies research institute in the northern metropolitan area of Hong Kong, expected to be operational in early 2027. (Source: South China Morning Post)

[Solana's Ecosystem Revenue Nears $300 Million in Q3, a 50% Increase Quarter-over-Quarter] Solana officially disclosed that its ecosystem revenue in the third quarter approached $300 million, a 50% increase compared to the second quarter. Solana's spot decentralized exchange trading volume reached $197 billion, its stablecoin market capitalization reached $17.51 billion, and its Colosseum Frontier program received nearly 2,900 project submissions.

[US memory chip stocks rise in pre-market trading, with SK Hynix up over 4%] US memory chip stocks rose in pre-market trading, with SK Hynix up over 4%, Micron Technology and SanDisk up nearly 3%.

European Central Bank Governing Council member Kazmir said that action should be taken before high inflation becomes the norm.

Ethereum Institutional announced that former UBS Managing Director Laurens Schepens has been appointed Head of Asia Pacific, based in Singapore, to oversee the business of financial institutions in the Asia Pacific region on Ethereum. Laurens Schepens has over 15 years of experience in banking and financial services, having led UBS's internal tokenization service UBS Tokenize and been responsible for UBS's digital asset business in the Asia Pacific region.