Morning News | Trump: Powell will resign “within a few months”. The first batch of SOL, LTC, and HBA

The Shanghai Composite Index once again reached above 4,000 points after a decade.

Market updates.

Market conditions yesterday.

● The Shanghai Composite Index once again reached above 4,000 points after a decade.

According to data from Jin Shi, the Shanghai Composite Index turned positive, reaching a new 10-year high at 4,000 points. The Shenzhen Component Index increased by 0.2%, and the ChiNext Index rose by 0.7%. More than 2,900 stocks in the market gained value, with the Fujian sector leading the gains.

● The U.S. Senate will hold its 13th vote on the funding bill to end the government shutdown.

The U.S. Senate will conduct its 13th vote on the “clean” government funding bill passed by the House of Representatives. This bill aims to temporarily resume government operations with the current funding levels. Previous procedural motions have been rejected 12 times in the Senate, as it requires at least 60 votes (including support from some Democrats) to pass. It is expected that the 13th vote will also fail. It is reported that several Democratic senators have stated that the government shutdown cannot be ended unless President Trump personally participates in negotiations.

● The first batch of SOL, LTC, and HBAR spot ETFs are officially listed on Wall Street.

According to information provided by Eleanor Terrett, the first batch of SOL, LTC, and HBAR spot ETFs are now officially trading on Wall Street.

● Monad has now enabled the query function for the number of tokens to be distributed.

According to the official page, the query function for the number of tokens to be distributed in Monad is now available.

● MegaETH: All participants will receive additional mainnet tokens.

MegaETH officially announced that the token sale has been fully subscribed. The official noted that regardless of the amount of tokens allocated, all users who participated in the sale will be eligible for additional token rewards once the platform goes live on the main network.

● Binance will launch the Pieverse Pre-TGE event on October 29th

According to the official announcement, Binance will host the Pieverse Pre-TGE event. Time period: October 29th, 2025, from 16:00 to 18:00 UTC+8.

● The tokenization platform Securitize will go public through a SPAC merger

The RWA platform Securitize, which specializes in tokenized money market funds, will go public through a merger with a Special Purpose Acquisition Company (SPAC). CEO Carlos Domingo stated in an exclusive interview that this fintech company will merge with Cantor Equity Partners II, Inc., a blank check company founded by Cantor Fitzgerald’s affiliates. The stock symbol for this company is CCEPT.

● On the first day of trading, Bitwise Solana pledge ETF reached a record trading volume of $56 million, setting a new high for this year’s issued ETFs

Bloomberg's senior ETF analyst Eric Balchunas wrote on the X platform: “On the first day of trading, the Bitwise Solana Pledge ETF (BSOL) generated $56 million in turnover. The Canary HBAR ETF and Canary Bitcoin Spot ETF respectively achieved turnover amounts of $8 million and $1 million. BSOL’s turnover of $56 million is the highest for any newly listed ETF this year. It surpasses the turnover figures of other new ETFs such as XRPR, SSK, Ives, and BMNU. The initial capital allocation for this ETF is $220 million. It could have invested all its initial funds on the first day of trading, bringing the total capital to approximately $280 million—even exceeding the scale when ETHA first launched. Regardless, it was a strong start.”

● The probability of the Federal Reserve cutting interest rates by 25 basis points in October is 99.5%.

According to Golden Ten, the CME “Federal Reserve Watch” indicates that there is a 99.5% chance of the Federal Reserve cutting interest rates by 25 basis points in October, with a 0.5% chance of keeping interest rates unchanged. Additionally, there is a 91.6% chance of the Federal Reserve reducing interest rates by a total of 50 basis points in December.

● Tether revealed that its physical gold reserves amount to 375,572.297 troy ounces.

According to official reports, Tether announced that the market value of its tokenized gold asset, Tether Gold (XAUT), has exceeded $2 billion. Tether’s total physical gold reserves amount to 375,572.297 troy ounces. The gold reserves are stored in Switzerland, fully meeting London’s qualified delivery standards. The total number of XAUT tokens in circulation is 522,089.3 tokens.

● OceanPal completed a financing of $120 million and partnered with the NEAR Foundation to launch SovereignAI and digital asset wallets.

OceanPal Inc.今日宣布完成1.2亿美元的公开上市公司私募投资(PIPE)交易，用于购买和出售普通股及/或预先融资认股权证。

公司计划将此次交易的净收益用于通过全资子公司SovereignAI Services LLC(“SovereignAI”)实施数字资产国库策略，该子公司专注于商业化NEAR Protocol，这是一个为人工智能(AI)用例设计的区块链平台。通过此次交易，OceanPal预计将通过SovereignAI成为主要的公开投资工具，为投资者提供对NEAR(NEAR Protocol原生代币)及支持自主商业运行所需的基础AI基础设施的敞口。

● 以太坊Fusaka硬分叉在最终测试网激活，预计12月上线主网

以太坊下一个硬分叉Fusaka已于周二在Hoodi测试网成功激活，这是继本月早些时候Holesky和Sepolia测试网后最后一步。Fusaka计划在主网推出前至少进行30天测试，核心开发者初步将上线时间定于12月3日。此次升级将提升以太坊的可扩展性、效率和安全性，包括提高区块Gas限制、扩展“Blob”容量，并引入新的节点安全功能。升级包含多项以太坊改进提案(EIP)，其中EIP-7594推出了PeerDAS技术，使验证者可抽查数据片段而非完整Blob，从而优化Layer 2数据可用性。以太坊基金会还启动了为期四周的安全审计竞赛，奖金高达200万美元。Fusaka硬分叉距以太坊上一次重大升级Pectra约六个月，开发者已开始规划下一次升级Glamsterdam。

● Circle推出Arc区块链公共测试网

Circle周二宣布部署其支付导向型Arc区块链的公共测试网，已吸引超过100家金融机构和科技公司参与，包括BlackRock、Visa、HSBC和Anthropic等。Arc区块链提供美元计价费用、亚秒级结算和可选隐私控制功能，旨在支持代币化基金、跨境支付和外汇结算等金融服务。

● 甲骨文：数字资产数据枢纽将于明年推出

甲骨文(ORCL.N)：数字资产数据枢纽将于明年推出。

● 特朗普媒体公司将涉足预测性市场业务

Trump Media Group will enter the predictive market business.

● Approximately 2.03 million LINKs were transferred from an unknown wallet to Coinbase around 03:04 PM today, Beijing time.

According to Whale Alert, around 2,029,841 LINKs (worth approximately $37,316,180) were transferred from an unknown wallet to Coinbase at around 03:04 PM today, Beijing time.

● Trump says Powell will resign “within a few months”

U.S. President Trump stated that Federal Reserve Chairman Powell either lacks competence or is a bad person, and will resign “within a few months”.

● GoPlus: The 402bridge protocol appears to have been stolen. More than 200 users’ USDC balances were stolen due to excessive authorization.

According to ChainCatcher, GoPlus’ Chinese community issued a security alert. It appears that the 402bridge protocol was stolen. The creator of the contract with the address starting as 0xed1A transferred the ownership of all USDC balances to the address 0x2b8F. The new owner then used the transferUserToken method in the contract to transfer all remaining USDC balances to the user wallets.

Before using Mint, it is necessary to authorize USDC for the 402bridge contract. As a result, more than 200 users’ remaining USDC balances were transferred. The address 0x2b8F transferred a total of 17,693 USDC balances. These USDC balances were later converted into ETH and then transferred across multiple cross-chain transactions to Arbitrum. Users who participated in this project are advised to cancel their authorizations as soon as possible. Users should also check whether the authorized address is the official address of the project before granting any authorization. Only authorize the required amount, and avoid granting unlimited authorization. Regular checks on authorizations should be performed, and unnecessary authorizations should be canceled.

● Bitcoin’s return rate in October this year was reported to be 0.39%. Historically, the average return rate has been 21.89%.

According to ChainCatcher, based on Coinglass data, Bitcoin’s return rate in October this year has turned positive, currently at 0.39%. The historical average return rate for October is 21.89%. As reported earlier, since 2013, Bitcoin’s average monthly return rate in October has been +21.89%. Only two years during the past 12 years saw negative returns in October (in 2014 and 2018). The club will open its doors in Georgetown next month. In addition to a membership fee, an annual subscription fee will also be charged (the amount has not been announced). Members must go through a rigorous screening process, and must be recommended by someone who has been approved by the founder.

The launch party held last Saturday attracted many high-ranking government officials, including Secretary of State Marco Rubio, SEC Chairman Paul Atkins, as well as several CEOs and founders of technology companies.

Analysts believe that “Executive Branch” could play a role similar to that of Trump’s Trump International Hotel during his first term in office, serving as a venue for gatherings among government officials, congressional leaders, foreign diplomats, and business executives.

● Trump Media & Technology Group: Through a partnership with Crypto.com, they plan to launch a prediction market on Truth Social.

Trump Media & Technology Group (DJT.O) plans to launch a prediction market on Truth Social through an exclusive partnership with Crypto.com.

● Wall Street Journal: Western Union will issue stablecoins on the Solana chain in 2026.

According to the Wall Street Journal, Western Union will collaborate with Anchorage to issue stablecoins on the Solana blockchain in 2026.

● Hong Kong Monetary Authority: Digital Hong Kong dollars are expected to be made more accessible to individuals, with preparations expected to be completed by the first half of next year.

According to a report by Da Wenhui, the Hong Kong Monetary Authority (HKMA) stated in its "Second Phase Report on the Digital Hong Kong Dollar Project" that eleven pilot projects have been launched in the second phase of the project. These projects cover three main areas: tokenized asset settlement, programmable payments, and offline payments. The report emphasizes that the Digital Hong Kong Dollar will be gradually extended to individual users. Preparations related to technology, legal frameworks, and business mechanisms are expected to be completed by the first half of 2026. By then, the Digital Hong Kong Dollar will offer a wider range of applications for both individuals and businesses