According to crypto analyst Ember (@EmberCN), a whale address that appeared on the Trump dinner rankings under the username "ivo" withdrew 1 billion PUMP tokens (approximately $8.51 million) from Bybit five hours ago. Its total holdings now stand at 5 billion PUMP tokens (approximately $39.42 million), with a profit of approximately $19.65 million, doubling its holdings. This address had already accumulated 4 billion TRUMP tokens a month prior. Combined with this transaction, its average PUMP holdings are worth $0.00395.

According to a U.S. government official, BlackRock executive Rick Rieder continues to rise in the rankings of contenders to succeed him as Federal Reserve chairman. The official, who requested anonymity to discuss private meetings, said U.S. Treasury Secretary Benson & Co. held a wide-ranging, two-hour interview with Rieder in New York last Friday, discussing topics including monetary policy, the Fed's organizational structure, and regulatory policies. The official emphasized that the selection process is ongoing, with Benson & Co. interviewing four of the 11 open candidates and expecting one or two new candidates to be considered. A source familiar with the Treasury secretary's thinking said Benson & Co. was impressed by Rieder's extensive experience managing large teams in financial markets and his deep understanding of micro and macroeconomics. The source said Rieder would bring a steady hand and deep knowledge of non-bank financial institutions to the helm. Earlier this week, Reed told CNBC that, based on his reading of economic indicators, he believed the Fed should cut interest rates by 50 basis points—double the amount widely expected at this week's FOMC meeting. (Golden Ten)

Following the announcement of the community voting results, Native Markets, which submitted a proposal for the issuance and management of the Hyperliquid USD stablecoin (USDH), announced its successful claim to the USDH token symbol. Founder Max Fiege stated that the project will release its first Hyperliquid Improvement Proposal (HIP) and simultaneously launch an Ethereum-based ERC-20 token in the coming days. He explained that the initial phase will be a testing phase, with a single minting and redemption limit of $800, available only to a select group of users. Subsequently, the USDH/USDC spot trading pair will be launched, with unlimited minting and redemption. Previously, synthetic stablecoin issuer Ethena announced its withdrawal from the competition last Thursday, causing Native Markets' probability of selection to soar to over 99% on Saturday according to Polymarket's prediction market. The USDH token symbol race has garnered widespread attention from the community and industry, sparking discussion about the fairness of the selection process and the future of the stablecoin industry. (The Block)

OKX market data shows that SOL has fallen below 240 USDT, currently trading at 239.94 USDT, a 24-hour drop of 1.16%. (This newsletter was generated with AI assistance)

OKX market data shows that BTC has broken through 116,000 USDT and is currently trading at 116,013 USDT, a 24-hour increase of 0.05%. (This newsletter is generated by AI)

OKX market data shows that PUMP rose above $0.008994, setting a new historical high. It is currently trading at $0.008642, with a daily increase of more than 38%.

Coinbase CEO Brian Armstrong stated in a post on the X platform that the Base network is exploring the possibility of launching its own network token, which could become "an excellent tool to accelerate decentralization and expand the growth of creators and developers in the ecosystem." The Base team is still in the early stages of exploration and has not yet announced details about the token's timing, design, or governance mechanism.

Bloomberg ETF analyst Eric Balchunas wrote that the Doge ETF (DOJE) and the 40 Act Spot XRP ETF (XRPR) are expected to launch this Thursday. Both ETFs are disclosed in the same effective prospectus. Trump and Bonk-related ETFs are also included in the prospectus, but no specific launch date has been announced.

According to market news, Coinbase protocol head Jesse Pollack said that Base is exploring the issuance of network tokens.

According to Lookonchain monitoring, in the past 6 days, two whale addresses (addresses starting with 0x7Dac and 0xB5eE) withdrew 98.24 million MERL from exchanges, worth approximately US$14.9 million.

This article breaks down the key S-1 information from both product and financial perspectives, offering a sober assessment of Gemini's competitiveness and investment value, helping to determine whether this "compliant exchange" is worth investing in.

Golden Finance has launched the "Golden Web3.0 Daily" to provide you with the latest and fastest MEME, DeFi, DAO, NFT and metaverse industry news.

"Take a break first and wait for the Federal Reserve's decision before taking any action." In recent days, there has been a wait-and-see mood in the investment community.

In this era of change, excellent supervision should not be a shackle that restricts innovation, but should guide the industry in a healthier and more sustainable direction.

Hyperliquid has been getting a lot of attention over the past few months. This post aims to keep everyone updated on the latest developments and what to expect in the future.

Recommended reading tonight: 1. The Federal Reserve's interest rate meeting is approaching: Why a cautious 25bp cut is more likely; 2. Coinbase: The Fed will cut rates by 25 basis points; DAT "premium" is disappearing; 3. A guide to avoiding pitfalls in altcoin DAT investments;

Federal Reserve, market, interest rate cut, the Federal Reserve interest rate meeting is approaching. Why is it more likely to be a cautious 25bp cut? Golden Finance, reduce leverage, and at the same time be prepared to buy the bottom when the market goes down.

Sam Bankman-Fried, the former CEO of collapsed crypto giant FTX, will have his highly anticipated appeal heard by the U.S. Second Circuit Court of Appeals on November 4, 2025—nearly two years after being convicted on seven felony counts and sentenced to 25 years in federal prison.

OKX has launched a new platform allowing Australian SMSF trustees to invest in cryptocurrencies like Bitcoin and Ethereum within their retirement portfolios. The service provides secure custody, compliance tools, and reporting features, targeting both experienced and new trustees amid growing crypto adoption in SMSFs.

The global crypto market is approaching $4 trillion in size and appears to be teeming with opportunities. However, newcomers who want to complete their first consumer-to-consumer transaction are often discouraged by reality.