ember

Canton Strategic Holdings, a Nasdaq-listed company, announced plans to tokenize its common stock on the Canton Network, with trading set to begin as early as November 2. The company, formerly a biotechnology firm Tharimmune, is collaborating with the tokenized securities trading venue TSV LLC and the transfer agent Fairmint, registered with the U.S. Securities and Exchange Commission (SEC), to put its shares on the blockchain. The tokenized stock will enjoy the same shareholder rights as Nasdaq-listed stocks.The stock ticker is CNTN, and according to Yahoo Finance data, its average daily trading volume is approximately 757,704 shares, with the latest stock price around $2.13, up over 4.5% on the day, giving it a market capitalization of about $170 million. The tokenized stock will be traded around the clock through automated market makers and will settle instantly on the Canton Network, with Fairmint responsible for maintaining ownership records and overseeing compliance with share transfer requirements.This plan follows the SEC's introduction of an innovative exemption mechanism in September, which related companies claim provides a regulatory pathway for trading tokenized U.S. stocks on domestic platforms. Canton Strategic Holdings transitioned into the digital asset space in November 2025, raising $545 million to develop its business around Canton Coin, and rebranded in February of this year. It currently holds the token, participates in the operation of the Canton Network, and invests in ecological projects. The company is not the developer of the Canton Network, Digital Asset, but has connections through investments and participation in network governance with the Canton Foundation.

In September, the actual personal consumption expenditure month-on-month rate in the United States was 0%, with the previous value revised from 0.6% to 0.5%.

The annual rate of the PCE price index in the United States for September is 3.6%, in line with expectations, and the previous value was 3.4%.

Coinbase announced that it will hold the first global trading competition, the Coinbase Champions Cup, from November 4 to 25, with a total prize pool of up to 2 million USD, and registration is now open.Participants also have the chance to win a trader seat at Coinbase's next offline event. This competition is provided by Coinbase Bermuda Ltd. and is only open to eligible users within designated jurisdictions, with a minimum trading volume requirement of 100 USDC.

Japan Tax Free, a Japanese duty-free service provider, announced that it will officially launch the yen stablecoin JPYC tax refund service in collaboration with UPBOND on November 1, providing an on-chain tax refund channel for foreign tourists visiting Japan.According to the new duty-free system implemented in Japan on the same day, tourists must first purchase goods at tax-included prices and then receive the tax refund after customs confirmation upon departure. The new service will issue JPYC to tourists using the wallet infrastructure provided by UPBOND, utilizing the Avalanche C-Chain.

According to The Defiant, Australian bank Westpac announced that starting in December, it will set a monthly limit of 10,000 Australian dollars on payments involving cryptocurrency for its customers, and it will not provide exemptions or arrangements for higher limits.Westpac also stated that withdrawals from cryptocurrency exchanges to Westpac accounts are not affected by this adjustment and will continue to be processed as before.

CITIC Securities research report states that the Federal Reserve remained on hold as expected in October, with a more optimistic tone regarding the pace of economic expansion and a more cautious guidance on policy stance. Waller's post-meeting remarks were more moderate than in September, mentioning that the credit environment has tightened and inflation expectations are moving in the right direction, also indicating adjustments to the FOMC meeting schedule in the next couple of years.The report still expects the Federal Reserve to raise interest rates by 25 basis points in December and states that the terminal rate of this rate hike cycle may not be far from the current level. The new variables in the Middle East situation are still insufficient to provide a clear and lasting exit path for both the U.S. and Iran, and high oil prices may continue until the situation becomes clearer, while further improvement in U.S. dollar liquidity requires new catalysts.

According to Decrypt, the U.S. Commodity Futures Trading Commission (CFTC) will hold a public roundtable on December 15 to discuss transitioning the derivatives market to 24/7 trading, with topics including overnight trading and tokenization. CFTC Chairman Mike Selig stated that the agency "will not take a one-size-fits-all approach."

Federal Reserve Chairman Waller stated that we canceled a round of easing measures in September.

In the early hours of Thursday, the Federal Reserve decided to maintain the federal funds rate target range at 3.75% to 4.00% with 10 votes in favor and 2 votes against. Lisa D. Cook and Beth M. Hammack cast the dissenting votes, both advocating for a 25 basis point increase at this meeting.The Federal Open Market Committee approved the following statement with 10 votes in favor and 2 votes against:The Committee decided to maintain the federal funds rate target range at 3.75% to 4.00% to support the Federal Reserve's dual mandate. The Committee continues to implement a policy of maintaining ample reserves in the banking system.Economic activity is expanding at a strong pace. Despite factors such as geopolitical tensions keeping uncertainty high, domestic spending remains resilient. Productivity growth is strong, and capital investment is robust. Employment growth is in line with the growth of the labor force, and the unemployment rate has not changed significantly.Inflation remains elevated. Gathering more information will help the Committee determine the appropriate policy stance to ensure inflation returns to the Committee's 2% target in a timely manner. The Committee will achieve price stability.The members voting against this monetary policy action were Lisa D. Cook and Beth M. Hammack, both advocating for a 25 basis point increase in the federal funds rate target range at this meeting.

The market maintains a pricing of a 90% probability for the Federal Reserve to raise interest rates in December.

The Federal Reserve decided to maintain the federal funds rate target range at 3.75% to 4.00% with 10 votes in favor and 2 votes against. Cook and Harmack cast the dissenting votes, both advocating for a 25 basis point increase at this meeting.The statement noted that economic activity is expanding strongly, and inflation remains high. More information will help the committee assess the appropriate policy stance to ensure inflation returns to the 2% target in a timely manner.

Pump.fun announced on October 28 that it will launch Elysium trading in its app on November 9, adding support for this network focused on Hyperliquid to its multi-chain trading business. Pump.fun posted on its official X account stating "Pumpfun App x @Enter_Elysium," and added "Trading starts November 9," with Kinetiq also announcing Pump.fun's entry into Elysium.Elysium is a Layer 2 built by Kinetiq based on Arbitrum Orbit, with transaction settlements occurring in the Hyperliquid smart contract environment HyperEVM, and network fees paid in HYPE. Its mainnet is scheduled to launch on November 9, 2026, coinciding with Pump.fun's trading start date; the chain will be rolled out in phases, with native HyperCore market data access and fast order submission paths expected to be provided in an upgrade approximately four weeks after the mainnet launch. The announcement only mentioned the Pump.fun app and did not disclose plans to migrate the company's Solana Meme coin issuance platform or its liquidity to Elysium.This plan is independent of another Hyperliquid integration announced earlier on the same day. Pump.fun stated that perpetual contract trading is now live within the app, allowing users to go long or short on cryptocurrencies, stocks, and commodities using USDC balances without cross-chain transactions; the service charges a fee of 0.05% per transaction, reduced to 0.04% with a referral code, plus standard Hyperliquid fees. The Elysium announcement did not specify its funding channels and trading fee terms.

Strategy founder and chairman Michael Saylor posted that MSTR shareholders have approved the daily dividend amendment, with preliminary results showing 99.3% voting in favor. This amendment allows the four preferred stocks STRF, STRC, STRK, and STRD to accrue dividends on a daily basis.After the new regulations are implemented, every calendar day will be a dividend record date, and dividends will be paid on the next business day. The first record date and payment date for STRC are November 1 and November 2, respectively. The first record date and payment date for STRF, STRK, and STRD are January 1 and January 4 of next year, respectively.

Due to an increase in imports, the U.S. goods trade deficit widened by 2.1% in September to $134.9 billion, exceeding economists' forecast of $130.2 billion. Last month's goods imports rose by $8.1 billion to $344.1 billion, while goods exports increased by $5.3 billion to $209.2 billion.The AI investment boom has driven imports, and trade has not contributed to GDP growth for three consecutive quarters. Economists predict a year-on-year GDP growth rate of 3.2% for the third quarter.

The Federal Reserve will announce its October interest rate decision at 2 AM Beijing time on the 29th. The market generally expects the federal funds rate target range to remain unchanged at 3.75%--4.00%, with a probability of maintaining the status quo at over 90%. The wording of the statement and whether Chair Waller's press conference will release more hawkish signals, as well as how this will affect the market's significantly priced probability of a 25 basis point rate hike in December, have become the focus of attention.Goldman Sachs, Citigroup, and Credit Agricole all expect a pause in October and a 25 basis point hike in December. Goldman Sachs stated that if rate hikes continue every other meeting through 2027, a hike in March may be considered, but the baseline forecast does not expect a hike in March. Citigroup mentioned that if the stock market continues to weaken, leading to a sharp tightening of financial conditions, the likelihood of a shift to rate cuts will significantly increase. Moody's believes there will not and should not be another rate hike this week. Nomura Securities expects no change in October and stated that while the Federal Reserve guides expectations for a pause, it retains flexibility for a rate hike in December.TD Securities expects no change in October and anticipates two more hikes in December and March. Huatai Securities expects no change in October, with two hawkish voters possibly casting dissenting votes, with the baseline scenario being one rate hike in December this year and two hikes next year. Morgan Stanley expects a 25 basis point hike in both December and March next year. Bank of New York Mellon expects rates to peak slightly above 4.5%. Bank of America believes there is ample reason to raise rates in October; if they remain unchanged, they will only retain one option for a future hike.

In September, new orders for core manufacturing capital goods in the United States increased, and shipments surged significantly. The U.S. Department of Commerce stated that in September, non-defense capital goods orders excluding aircraft rose by 0.5%, up from 1.6% in August. Shipments of core capital goods increased by 1.2%, higher than the 0.6% in August. Economists expect the annualized GDP growth rate for the third quarter to exceed 3%.

The Kremlin announced that the trilateral talks between the United States, Russia, and Ukraine will resume in Abu Dhabi in November.

The perpetual trading platform Hibachi posted on X that its points program will end on November 8. Hibachi stated that the project was initially aimed at providing privacy, speed, and performance for perpetual trading, with a cumulative trading volume reaching 10 billion dollars, and related goals have expanded to a larger scope.Hibachi noted that the daily trading volume in the foreign exchange market is approximately 10 trillion dollars, with a settlement cycle of T+2, and liquidity acquisition is limited by credit limits and a centralized banking system. The settlement volume for stablecoins last year was 46 trillion dollars, which can be completed almost instantly and around the clock. The two systems are converging, but the trading infrastructure connecting them does not yet exist.Hibachi stated that the venue it is building is an institutional-level exchange aimed at stablecoin-native foreign exchange, covering perpetual and spot trading. The project thanked early traders, referrers, and participants in product stress tests, stating that the related activities form the foundation for the next phase. Hibachi also explained that after the points program ends, rewards may still be associated with social or trading activities.