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The New York Stock Exchange's self-rescue movement essentially redefines the business model of traditional exchanges. With the IPO market shrinking, trading volumes declining, and data services experiencing sluggish growth, traditional exchanges can no longer rely solely on their conventional profit models to maintain competitiveness.
From getting rich by holding coins to selling coins to repair watches, the capital market is no longer unconditionally rewarding the narrative of simply holding tokens.
Liquidity is the key factor influencing the current performance of the crypto market.
US ADP employment in October saw the largest increase since July, with previous figures also revised upward. However, experts caution that the absence of nonfarm payroll data means this figure should be interpreted cautiously.
- 00:30Bitcoin treasury company Strive increases perpetual preferred stock IPO offering to 2 million shares, priced at $80 per shareChainCatcher news, Bitcoin treasury and asset management company Strive (NASDAQ: ASST) announced that the initial public offering (IPO) price of its perpetual preferred shares (SATA) is set at $80 per share, and the offering size has been increased from the originally planned 1.25 million shares to 2 million shares. The company stated that it will continue to focus on maximizing shareholder value through Bitcoin asset allocation.
- 00:30Bank of England Deputy Governor: UK Stablecoin Regulatory Framework Will Progress in Sync with the USAccording to ChainCatcher, citing Bloomberg, Bank of England Deputy Governor Sarah Breeden stated that the UK's new stablecoin regulatory rules will be implemented "as quickly as in the United States" in response to industry concerns that the UK may be falling behind in establishing a stablecoin regulatory framework. Breeden pointed out that there are differences between the UK and the US in setting restrictions on stablecoin holdings, mainly because the UK mortgage market relies more heavily on commercial bank loans.
- 00:29Franklin Templeton launches Hong Kong's first tokenized fund, HKMA initiates Fintech 2030 planChainCatcher news, according to The Block, Franklin Templeton has launched Hong Kong's first tokenized money market fund. The fund is registered in Luxembourg, backed by short-term US Treasury bonds, and issues digital tokens representing investors' shares through blockchain technology. This move aligns with the Hong Kong Monetary Authority (HKMA)'s newly announced "Fintech 2030 Strategy," which was launched this week by Chief Executive Yue Wai-man. The strategy includes more than 40 initiatives aimed at integrating artificial intelligence tools, developing a tokenization ecosystem, and enhancing the resilience of the financial sector.