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According to Reuters, the London Metal Exchange (LME), a subsidiary of the Hong Kong Stock Exchange, is exploring the tokenization of metal inventories stored in Hong Kong warehouses, making them digital assets that can be used for loan collateral and other financing activities, in line with Hong Kong's strategy to develop an international commodity trading center. LME confirmed that it is currently in the early stages of exploring the tokenization of metal inventories that have not been issued warehouse receipts.Unlike warehouse metal that already has standardized financing mechanisms, this type of inventory currently lacks mature financing channels. Insiders revealed that LME plans to hold a closed-door industry roundtable meeting in early November to discuss the plan. The Hong Kong Stock Exchange is also testing carbon credit tokenization to achieve near real-time trade settlement.

According to the official announcement, Gate Money has recently adjusted the fee standards for its USD-named accounts. While continuing to offer free account opening services, the account management fee has been reduced from 2 USDT per month to 1 USDT, and the USD withdrawal fee has been lowered from 50 USDT per transaction to 25 USDT, with both fees seeing a reduction of 50%. In addition, VIP 5 and above users can enjoy a full waiver of the account management fee, further reducing the costs of account usage and cross-border fund management.Currently, Gate Money supports four major fiat currencies—USD, EUR, GBP, and AED—for cross-border deposits and withdrawals via SWIFT. Eligible users can open a USD bank account in their name with one click and complete fund transfers, asset exchanges, yield management, and daily payments through the Gate App, enhancing the convenience of multi-currency fund management.Additionally, Gate Money is launching a limited-time account opening reward activity, lasting until November 11 at 16:00 (UTC+8). Users who complete registration and identity verification, open a USD-named account for the first time, and complete a valid bank transfer will have the chance to receive a random reward of 2–100 USDT, with specific rules subject to the official announcement.

Decentralized exchange UXUY announced the launch of the stock tokenization service platform uStock, primarily targeting small and medium-sized listed companies in the US and Hong Kong stock markets. The platform plans to provide share issuance, on-chain investor distribution, and post-issuance liquidity services, connecting listed companies with global on-chain investors, using stablecoins such as UUSD as tools for subscription, pricing, and settlement.According to the proposed product mechanism, each uToken corresponds to the economic rights of one share of the underlying stock, covering price changes, cash dividends, and corporate actions such as stock splits and mergers. The underlying stocks are intended to be custodied by licensed brokerages, trusts, and other institutions, isolated through independent asset holding entities. The platform plans to disclose stock custody, token issuance, and asset coverage through a Proof of Underlying asset verification mechanism.uStock will establish an initial liquidity pool for uToken/UUSD using part of the raised funds according to the issuance documents and will introduce on-chain market makers. As the spot market and infrastructure advance, the platform intends to gradually support round-the-clock on-chain trading and explore integration with UXUY's self-developed Perp DEX to expand on-chain perpetual contract trading for corresponding uToken assets.UXUY founder 0xKevin stated, "We are bringing stablecoins into more real asset scenarios, allowing US and Hong Kong listed companies to connect with global investors and capital. In the future, we will continuously improve issuance, trading, and liquidity services around real stock rights, establishing a more long-term connection between corporate growth and global on-chain capital."

The British pound faced selling pressure against the US dollar during the Asian session, dropping to around 1.33. The US dollar strengthened due to expectations of another interest rate hike by the Federal Reserve this year, with CME tools indicating an approximately 80% probability of a rate hike in December. Geopolitical uncertainty supports the US dollar, while the downside potential for the British pound is limited by expectations regarding the Bank of England's policy.

Y Combinator, a startup incubator, released a report on the direction of cryptocurrency startups, focusing on stablecoins, asset tokenization, and AI Agents. The report states that over the past year, cryptocurrency applications have been led by institutions rather than consumers for the first time, with the main driving force shifting from speculation to actual financial needs such as hedging oil price risks and cross-border capital transfers for businesses.The report predicts that stablecoins, as well as assets like stocks, debts, commodities, and property rights, will be further tokenized. New types of assets, such as equity in startups and small securities valued under $10,000, will also be issued via blockchain, promoting financial services like trading, lending, and derivatives. AI Agents will become one of the main participants in financial activities.In the next six months, the report focuses on using blockchain to finance the AI industry, new types of dollar stablecoins and non-dollar stablecoins targeting niche markets, new banks based on stablecoins, tokenization of real-world assets, new trading platforms and trading interfaces, as well as AI Agent trading and related API infrastructure. The text mentions that blockchain technology and stablecoins may pose a threat to traditional stock exchanges and banking systems.

According to Jinshi citing CNBC analysis, the market generally expects the Federal Reserve to maintain interest rates at this meeting, but further deterioration of inflation may force it to tighten more in the coming months.TD Securities stated that if subsequent inflation data is significantly high, or if the labor market remains strong, the market may raise expectations for the Federal Reserve to implement a one-time rate hike of 50 basis points at future meetings.

The DeFi lending protocol Kamino announced the launch of a USDC loan service using Backpack tokenized stocks as collateral. Borrowers can receive up to 40% of the collateral's value.The market will maintain its last stock price outside of U.S. trading hours, which means that during U.S. stock market closures, the collateral valuation of the tokenized stocks will be based on their last transaction price, allowing borrowers to continue lending operations during non-trading hours.

B.AI announced that OpenAI's GPT-6.1 Terra is officially launched, with API and Web Chat both available for synchronized experience.This model is designed for efficient visual reasoning, precise computer operations, and clear natural text writing, combining adjustable reasoning capabilities with a 1.05M ultra-long context window, covering daily professional workflows and complex application scenarios; it supports a maximum output of 128K tokens, with a standard price of $1.00 per million input tokens and $5.00 per million output tokens, balancing performance and cost flexibility.

According to Decrypt, asset tokenization issuer Birch Hill announced the completion of a $4 million seed round financing, led by Multicoin Capital, with participation from ParaFi Capital, Castle Island Ventures, and Nascent. To date, the company has raised a total of $6.5 million.Birch Hill currently serves as the treasury manager for the on-chain lending protocol Morpho, responsible for assessing credit risk and setting related risk parameters. At the same time, the company has applied for broker-dealer qualifications with the Financial Industry Regulatory Authority (FINRA) to sell private credit products to qualified investors, planning to package and securitize U.S. multifamily residential, agricultural, and energy loans for on-chain introduction.

The U.S. stock market's rare earth, lithium battery, and blockchain concept sectors have seen significant increases, becoming the focus of market attention. According to Gate stock market data, Critical Metals Company (CRML) surged by 27.83%, currently priced at $8.13; Enovix Corporation (ENVX) rose by 26.69%, currently priced at $3.37; Soluna Holdings, Inc. (SLNH) increased by 25.00%, currently priced at $0.65.Gate has established a trading service system covering the four core markets of U.S. stocks, Japanese stocks, Hong Kong stocks, and Korean stocks, supporting over 10,000 U.S. stocks and ETFs, more than 1,500 Hong Kong stocks, over 1,000 Korean stocks, and about 300 Japanese stocks, totaling coverage of more than 12,800 stocks and ETF assets globally.Gate allows users to participate in global stock trading using USDT in a one-stop manner and offers fractional share trading starting from a minimum of 0.01 shares along with corresponding stock dividend rights. The platform also supports cross-brokerage transfers for U.S. and Hong Kong stocks and accommodates corporate actions such as stock splits and consolidations, further optimizing the stock investment service experience.

According to the official website of DTCC, the Depository Trust & Clearing Corporation in the United States announced that its tokenization service (DTCC Tokenization Service) has been launched, with the first batch of 34 tokenizable securities. The tokens are backed 1:1 by securities held in DTC custody, and holders enjoy the same legal rights and economic interests as the underlying securities.The traditional market and on-chain use the same CUSIP code, allowing for 24/7 peer-to-peer transfers between DTC registered wallets. This service includes built-in compliance controls and can track ownership in near real-time. The first batch of wallet and application partners includes BitGo, Blockdaemon, Fireblocks, HashKey, Kaleido, Prometheum, Talos, Temple, and Tradeweb. The scale of DTC custodial assets is approximately $30 trillion.

According to crypto journalist Eleanor Terrett, JPMorgan, AMD, Applied Materials, Coca-Cola, Adobe, Dell, and Sandisk oppose OKXICE tokenizing its shares, bringing the total number of opposing companies to 33.

DBS's survey shows that among the tools being used or planned for adoption, stablecoins account for 63%, tokenized deposits account for 53%, and tokenized money market funds account for 52%.71% of respondents indicated that real-time cross-border payments have improved or are expected to improve within two years. Regulatory uncertainty, security risks, and difficulties in system integration remain major obstacles, with about 64% of respondents hoping that banks will become a unified entry point into the tokenized currency ecosystem.

According to market news, Mirae Asset Securities (HK), a subsidiary of Mirae Asset Securities in South Korea, announced that it has completed a tokenized financing note issuance on the Solana blockchain, targeting qualified institutional investors.The note is denominated in US dollars, has a six-month term, and is a floating-rate note, included in the company's $3 billion guaranteed structured note program. Marketnode, a regulated digital market infrastructure operator in Singapore, acts as the authorized distributor, with support from the Solana Foundation. Mirae Asset is responsible for the token issuance, payment, and full lifecycle management. The note is offered only through private placement to professional investors as defined by the Hong Kong Securities and Futures Ordinance, and is not approved or registered by the Hong Kong Securities and Futures Commission.

According to the official announcement, Gate Money will launch the "Account Opening Gifts" event from October 28 at 16:00 to November 11 at 16:00 (UTC+8). During the event, users who complete registration and identity verification, successfully open an account for the first time, and complete a valid bank transfer will have the chance to receive random rewards ranging from 2 to 100 USDT.After the event ends, Gate will randomly select up to 5,000 users who pass the qualification review, with each person eligible to receive a random reward of 2 to 100 USDT. Each individual can claim the reward once, and no trading or purchase of financial products is required. The specific account opening and reward rules are subject to the official announcement.Gate Money is an integrated financial service application within the Gate App, facilitating cross-border capital flow and daily consumption scenarios. Eligible users can directly open a USD bank account in their own name with one click through the Gate App. The platform supports cross-border deposits and withdrawals in four major fiat currencies: US Dollar (USD), Euro (EUR), British Pound (GBP), and United Arab Emirates Dirham (AED) via SWIFT, and integrates functions such as Convert asset exchange, Earn financial management, Gate Card consumption, and Pay payment, achieving efficient connections from global fund transfers, multi-currency asset management to daily payments.

The leverage for the security warehouse, unified account model, and unified account professional version will add 5 types of bStocks tokens on October 28, 2026, at 20:00---Bending Spoons (BSPB), GraniteShares 2x Short SK Hynix ETF (SKDDB), GraniteShares 2x Long SK Hynix ETF (SKUUB), GE Vernova (GEVB), and Applovin (APPB)---as qualified collateral assets. Eligible users can use these tokens as margin collateral.

On October 28, Coinbase responded to market news related to a data breach, stating that the company itself did not experience a data breach. Instead, it was a third-party analytics service provider, Amplitude, that encountered a security incident, affecting the contact information of some Coinbase customers and data from other Amplitude clients.Coinbase stated that there is currently no evidence of unauthorized access to its internal systems, and customer funds have not been affected. The company will notify affected customers and relevant regulatory authorities as required by law.