News
Stay up to date on the latest crypto trends with our expert, in-depth coverage.

This week's key news highlights from October 27th to November 2nd.

The first Solana exchange-traded fund in Hong Kong, "ChinaAMC Solana ETF," has been approved.

XRP price is inching closer to a potential breakout, needing just a 7% push to unlock its next rally zone. Fresh whale accumulation and improving short-term signals suggest that move could come sooner than many expect.

IBM is re-entering the blockchain space with Digital Asset Haven, a secure crypto custody platform for institutions launching in 2025 through a partnership with Dfns.

The trust dilemma faced by traditional e-commerce and the potential breakthrough offered by blockchain.



x402 Solved the Internet's Original Sin
- 07:02U.S. tech giants spark a bond issuance boomJinse Finance reported that recently, a wave of bond issuance has suddenly swept through major US tech giants. The combined issuance volume of Amazon, Alphabet (Google's parent company), Meta, and Oracle has already approached $90 billion. According to foreign media statistics, US companies have issued over $200 billion in corporate bonds this year to fund artificial intelligence-related infrastructure projects. This has raised questions about whether the market can absorb such a massive supply, while also intensifying concerns over the rapidly increasing AI-related expenditures. These concerns have also "air-raided" the US stock market, triggering a significant correction since early November. Data shows that since November, the tech-heavy Nasdaq index has fallen by more than 6%, while the S&P 500 and Dow Jones indices have dropped by 3.47% and 2.77%, respectively. In addition, the US Tech Seven Giants Index has declined by 5.73%, and the Philadelphia Semiconductor Index has plummeted by over 11%. On an individual stock basis, in the single week of November 14 alone, AMD fell by more than 17%, Micron Technology dropped nearly 16%, Microsoft fell by over 7%, Qualcomm dropped over 6%, and Amazon and Nvidia both fell by nearly 6%. (Broker China)
- 06:50Jack Yi: Went all in on ETH at around $2,700Jinse Finance reported that Jack Yi (Yilihua), founder of Liquid Capital (formerly LD Capital), posted on social media: "ETH was traded at around $2,700, and this time I went all in. My overall position has always followed the logic of the three major tracks: for public chains, ETH is the main focus, with BTC/BCH also allocated. For trading platforms, it's BNB/Aster. For stablecoins, I am heavily invested in WLFI, which is equivalent to a BNB version of USD1, and USD1 is the only stablecoin with a chance for leapfrog development. We can't pay attention to too many projects, so we focus on the leaders of the three major tracks in the crypto space and leave the rest to time."
- 06:46Data: 3.3338 million WLD were transferred out from a certain exchange, worth approximately $20.41 million.According to ChainCatcher, Arkham data shows that at 14:35, 3,333,761.58 WLD (worth approximately $20.41 millions) were transferred from an exchange to an anonymous address (starting with 0xD0a4...).