According to PANews, Joe Longo, Chairman of the Australian Securities and Investments Commission (ASIC), emphasized the importance of asset tokenization for Australia's capital markets during a speech at the National Press Club. Longo warned that without proactive measures, Australia risks falling behind other nations and becoming a 'land of missed opportunities.' Citing a prediction from Boston Consulting Group (BCG), Longo highlighted that the global market for on-chain tokenization of physical assets could reach $16 trillion by 2030. He also revealed that JPMorgan plans to tokenize $730 billion in money market funds within the next two years. Longo's remarks underscore the urgency for Australia to adopt innovative financial technologies to maintain its competitive edge in the global market.

According to Foresight News, Whale Alert has reported that the USDC Treasury destroyed 104,314,973 USDC tokens on the Solana blockchain this morning. This significant transaction highlights ongoing activities within the cryptocurrency market, particularly concerning stablecoins like USDC. The destruction of such a large amount of tokens can impact the supply dynamics of USDC, potentially influencing its market behavior. The reasons behind this destruction were not disclosed in the report.

In a future where finance is rapidly migrating to the blockchain, tokenized gold has become one of the most elegant bridges connecting the old and new worlds.

أستمرت ضغوط بيع العقود الآجلة للنفط الخام الأمريكي بخسائر أمتدت إلى ما دون 60 دولارًا للبرميل وذلك وسط زيادة مفاجئة في مخزونات النفط الخام الامريكية. وبشكل عام تشهد أسعار النفط تراجعًا حادًا بعد ارتفاع طفيف عقب تشديد الولايات المتحدة العقوبات على روسيا. وحسب منصات شركات تداول النفط يستقر سعر خام غرب تكساس حول مستوى 59 source: https://www.tradersup.com/%d8%a3%d8%ae%d8%a8%d8%a7%d8%b1-%d8%a7%d9%84%d8%b3%d9%84%d8%b9/%d8%a3%d8%ae%d8%a8%d8%a7%d8%b1-%d8%a3%d8%b3%d8%b9%d8%a7%d8%b1-%d8%a7%d9%84%d9%86%d9%81%d8%b7-%d8%a7%d9%84%d9%8a%d9%88%d9%85/%d8%a3%d8%b3%d8%b9%d8%a7%d8%b1-%d8%a7%d9%84%d9%86%d9%81%d8%b7-%d8%a7%d9%84%d8%ae%d8%a7%d9%85-%d9%88%d8%b3%d8%b7-%d8%aa%d8%b0%d8%a8%d8%b0%d8%a8-%d8%a7%d9%84%d8%a7%d8%af%d8%a7%d8%a1/148814

1. JPMorgan Chase: Bitcoin price will reach approximately $170,000 within the next 6 to 12 months; 2. Fitell Corporation completes $50 million funding round, plans to convert the proceeds into stablecoins; 3. Ethereum Foundation announces Fusaka upgrade: mainnet activation planned for December 3; 4. World Gold Council: October gold market daily trading volume hit a record high; 5. Cryptocurrency trading app Fomo completes $17 million Series A funding round, led by Benchmark; 6. Cathie Wood reduces her bullish outlook on Bitcoin due to the potential for stablecoins to seize some market share, lowering her target price to $1.2-1.5 million; 7. Federal Reserve's Goolsby: Remains cautious about interest rate cuts, lacking reliable inflation data; 8. Robinhood considers adding BTC to its corporate treasury; 9. Circle has minted 5.25 billion USDC on the Solana chain since the "1011 crash"; 10. Tether The wallet holds over 87,000 BTC, making it the sixth largest BTC wallet. The average purchase price was approximately $49,000, resulting in a floating profit of $4.549 billion. 11. Elixir: Successfully processed 80% of deUSD redemptions, ensuring deUSD will be redeemed at $1 value, following sdeUSD. Claims are open today. 12. The SBF account reiterated that FTX has the ability to repay its debts, but the debtor's withholding of funds prevents normal compensation payments. 13. Over 75% of Tesla shareholders voted to approve Musk's "trillion-dollar compensation plan," which will provide him with $878 billion in compensation over 10 years.

Bloomberg analyst Mike McGlone says Bitcoin hitting $100,000 is “a speed bump” to $56,000, but other analysts say Bitcoin has bottomed out. source: https://cointelegraph.com/news/bitcoin-price-decline-forecast-glassnode-data-no-panic?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Hyperbot data shows that James Wynn closed his HYPE long position opened this morning about four hours ago and added a small amount to his 40x leveraged Bitcoin long position. The current position is worth about $3.96 million, with a liquidation price of $93,710.

Block earned nearly $2b in Bitcoin revenue in Q3, driving its $6. 11b total haul as Cash App and Square powered an 18% rise in gross profit. source: https://cryptonews.com/news/jack-dorsey-block-makes-2b-bitcoin-revenue-q3/

According to Foresight News, Federal Reserve official Hammack has expressed that stablecoins are regarded as a promising innovation.

Cipher Mining raises a $1. 4 billion bond for Texas data center, marking strategic AI focus. source: https://coincu.com/news/cipher-mining-fundraising-texas-data-center/

OpenAI founder Sam Altman has issued a rare lengthy statement clarifying related news, stating that OpenAI does not seek or expect government guarantees for data centers. He believes governments should not pick winners or use taxpayer money to bail out failing companies. If OpenAI fails, other companies will continue to work. He suggests governments build and own their own AI infrastructure, with revenue going to the government, potentially providing low-cost capital to establish a national reserve of computing power, but for the government's benefit, not private companies. OpenAI projects annualized revenue exceeding $20 billion this year and reaching hundreds of billions of dollars by 2030, with expected investment commitments of approximately $1.4 trillion over the next eight years. Revenue sources will include enterprise products, new consumer devices, robotics, AI scientific discoveries, direct sales of computing power, and potential future equity or debt issuance. OpenAI is not seeking to be "too big to fail," and failure should be left to the market. Furthermore, it hopes for widespread and affordable artificial intelligence. It anticipates huge market demand for this technology and its potential to improve people's lives in many ways.

Jinse Finance launches its cryptocurrency and blockchain industry daily news bulletin, "Jinse at 8 AM," issue 2870, providing you with the latest and fastest news on the digital currency and blockchain industry.

Predicting and analyzing entrepreneurial opportunities in the market: a dual path of "market building" and "selling tools".

This article re-analyzes Polymarket's operating model and the legal risks involved in its promotion.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on MEME, DeFi, DAO, NFT, and the metaverse industry.

To achieve a permissionless market, we replaced the natural price discovery mechanism with a formula. This makes transactions continuous and accessible, but also removes the step of maintaining price fairness.

Market conditions continue to decline; when will the crypto market bottom out? Golden Finance reports that the market released negative signals at the beginning of November.

Recommended reading tonight: 1. From "100% Win Rate" to Millions in Losses: How Crypto Whales Fell From Grace; 2. In-depth Analysis of the Root Causes of the Stream xUSD Collapse; 3. Why Has Crypto Market Sentiment Become So Pessimistic?

Crypto market, market trends, why has the sentiment in the crypto market become so pessimistic? Golden Finance: In the cryptocurrency casino, some are swimming naked.

Mastercard, Ripple, and Gemini are testing credit card payments using the stablecoin RLUSD on Ripple’s XRP Ledger. The pilot, involving WebBank, aims to settle transactions on a public blockchain and explore faster, more efficient payment options.