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ChainCatcher reports, according to Rootdata market data, South Korea KOSPI Composite intraday: 5908.53 points, today's open: 6017.22 points, down 1.8%.

ChainCatcher reports, according to Rootdata market data, Nikkei 225 intraday: 64533.68 points, today's open: 64126.25 points, up 0.6%.

According to CoinDesk, APX Lending, a lending institution in Toronto, Canada, announced on Wednesday that it plans to launch Bitcoin-backed mortgages in the first quarter of 2027, allowing homebuyers to raise down payments or full home payments without selling their Bitcoin.The company has opened a waiting list and claims it will become Canada's first regulated Bitcoin mortgage provider, but has not yet disclosed mortgage rates, repayment terms, loan-to-value ratio limits, or the trigger conditions for additional collateral or liquidation.

The criminal case involving Aiden Pleterski, who claims to be the "King of Crypto" in Canada, related to a Ponzi scheme involving digital assets, will be submitted to the jury for deliberation after closing arguments this week. Presiding Judge Shaun Nakatsuru has given the jury final instructions, and the jury is set to begin deliberations on Thursday. Pleterski is accused of defrauding approximately $30 million from fans on social media between 2021 and 2022, and was charged with fraud in 2024, subsequently awaiting trial for over two years.In his closing arguments, Pleterski declared his innocence. He stated, "I am not guilty of these charges, which is why I am not pleading guilty. This would have been proven if I had not been forced to represent myself. That's all I have to say." Due to his choice to represent himself, he is acting on his own behalf in court. If convicted of fraud, he faces a maximum sentence of 14 years in prison.In another criminal case, five men are charged with kidnapping and torturing Pleterski in 2022, some of whom are reportedly victims of his scheme. Defendant Deren Akyeam-Pong has pleaded guilty to nine charges and is awaiting sentencing. Pleterski is one of several figures in the crypto industry facing fraud charges; former FTX CEO Sam Bankman-Fried was convicted in 2023 and is serving a 25-year sentence in the United States.

ChainCatcher reports, according to Rootdata market data, US stocks intraday chip stocks up: MU.O up 3.3%, AVGO.O up 1.9%, AMD.O up 1.8%, ARM.O up 1.7%, LRCX.O up 1.7%, AMAT.O up 1.5%.

ChainCatcher reports, according to Rootdata market data, South Korea KOSPI Composite intraday: 5933.62 points, today's open: 5763.85 points, up 2.9%.

ChainCatcher reports, according to Rootdata market data, Nikkei 225 intraday: 64124.64 points, today's open: 63738.98 points, up 0.6%.

Honda executives stated that if the U.S. and Canada cannot reach a new trade agreement by the end of this year, the automotive industry will face a disastrous situation. Trump previously threatened that if the two countries fail to reach an agreement, tariffs on Canadian cars and parts will increase from 25% to 50% starting January 1.

ChainCatcher reports, according to Rootdata market data, US stocks intraday AI stocks up: AVGO.O up 2.9%, SMCI.O up 2.2%, ANET.N up 2.1%, AMD.O up 1.8%.

Traders will collectively plan fundraising through MetaDAO for the proprietary trading platform Over, with a proposed minimum fundraising amount of $250,000. Token holders can participate in treasury management, and team token unlocks are linked to performance. Over claims to be the first proprietary trading platform owned by traders on Solana, with ownership arrangements covering intellectual property and protections for token holders in the event of acquisitions.Users can choose the scale and maximum loss of simulated cryptocurrency or stock perpetual accounts, paying fees daily in USDC. After meeting the criteria, they can apply to withdraw 80% of qualified simulated profits; the longer the account remains active, the higher the withdrawal limit. Initial market data comes from Hyperliquid and Phoenix, with daily fees adjusted based on payout reserve coverage and demand, and surpluses counted towards reserves. Over also plans to allow third parties to assess and operate proprietary tasks on the same chain with risk control systems. The team refers to its members as founders with operational backgrounds, managing assets close to $1 billion, and having over 10 years of experience in traditional financial infrastructure, on-chain data, products, and markets. The fundraising is scheduled for Thursday, October 29.

The Canadian Ministry of Finance has launched a 60-day public consultation on the stablecoin regulatory draft, which will end on December 23. The draft maintains the prohibition on stablecoin issuers paying interest or returns to holders, including arrangements that encourage customers to hold tokens through third parties, although rewards related to transactions may still be allowed.The draft requires non-bank issuers to back circulating fiat-pegged tokens with reserves held by qualified Canadian financial institutions at a 1:1 ratio. Qualified institutions include banks, credit unions, and trust companies. Holders must be able to redeem stablecoins for conventional currency within three business days, with a redemption fee cap of 1%. Earlier this year, the government passed the Stablecoin Act, stating that the draft is necessary for the law to take effect and will specify the requirements for issuers to register with the Bank of Canada. The stablecoin framework is expected to take effect by the end of 2027.A spokesperson for the Canadian Bankers Association stated to The Logic in June that the association firmly supports the explicit prohibition of direct and indirect returns in the Stablecoin Act, as the banking industry is concerned that stablecoin returns may lead to deposit outflows and reduce available lending funds. Coinbase Canada has received permission from the Ontario Securities Commission this year to offer returns on eligible tokens, but must warn of risks and clarify that funds are not covered by deposit insurance. At the end of last month, Canada's six largest banks announced they are exploring a Canadian dollar tokenization system to expedite fund transfers between traditional financial institutions.

Canadian Prime Minister Carney stated that the trade negotiations between Canada and the United States have recently accelerated slightly, mainly due to a softening of the U.S. position. There are still differences between the two sides regarding the reduction of tariffs on steel, aluminum, automobiles, and medium and heavy trucks.White House economic advisor Hassett said that the two sides are very close to reaching an agreement, but the U.S. side believes that Canada's concessions are insufficient, and the prospects for negotiations remain unclear.

According to a Reuters report, sources say that the United States and Canada are working to reach an agreement to ease U.S. tariffs on Canadian steel and automobile imports.

On October 24, the Canadian government published the draft "Stablecoin Regulations" in the Canada Gazette. The draft proposes to require regulated stablecoin issuers to allow eligible holders to redeem at face value, without setting a minimum redemption amount, and to complete the redemption process within three business days of receiving the request, with redemption fees not exceeding 1%.If there is insufficient liquidity in the reserve asset market, issuers may limit the daily redemption amount under specific conditions. The draft also requires issuers to maintain at least a 1:1 ratio of qualified reserve assets and prohibits providing interest or returns linked to holding behavior directly or through third parties to holders. The relevant rules are currently in the public consultation phase and are planned to be implemented in the fall of 2027.

Market news reports that U.S. President Trump is expected to cancel some tariffs on Canada.

Toto Finance, a company that converts physical goods into blockchain tokens, has submitted a governance proposal to the Cardano community, seeking to withdraw 22 million ADA (approximately 5 million USD) from the Cardano treasury to establish a "Cardano Strategic Copper Reserve." Voting will close on November 15. The proposal plans to purchase and tokenize copper that meets COMEX standards, with the token CuTT representing each pound of verified physical copper.According to the proposal, about two-thirds of the budget will be used to purchase exchange-grade copper from COMEX-certified warehouses near New Orleans, while the remaining one-third will cover storage, insurance, auditing, oversight, and Toto's operational costs. If the full budget is spent and the ADA to USD price remains unchanged, copper prices would need to rise by approximately 49.4% to recover the treasury investment. The proposal assumes a purchase price of $6.73 per pound and a selling price of approximately $10.06, with plans to hold for 18 to 24 months and sell in the following year, with net profits and unused funds required to be returned to the treasury before the 36th month.Monty Metzger, founder and chairman of Toto, stated that copper has significant upside potential, with an optimistic scenario predicting an annualized increase of about 30%, approximately 69% over 24 months, which could cover the 49.4% breakeven point, but commodity prices could also decline. Toto retains its commercial rights to the CuTT business for separate financing and hopes to scale the tokenized copper asset to $5 billion. The withdrawal limit of 500 million ADA from Cardano will last until around July 2027, and as of October 16, 457.4 million ADA has been used, with this proposal consuming more than half of the remaining quota.

According to Gate market data, the South Korean KOSPI index has expanded its intraday decline to 4%, currently reported at 5503.73 points, with SK Hynix down over 6% and Samsung Electronics down over 4%.

According to Gate market data, the spot silver has dropped by 3% during the day, currently reported at 56.23 USD/ounce.

According to Gate market data, the intraday increase of Brent crude oil has expanded to 1%, currently reported at 107.46 USD/barrel; WTI crude oil has risen nearly 1%, reported at 98.34 USD/barrel.