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According to Binance spot market data, the market is showing a divergence between bulls and bears. SYRUP increased by 5.06%, and Niulai increased by 5.25%, while also showing a rebound from the bottom.On the other hand, DJTB hit a new low for today, with a decrease of 7.65%, and 0G also hit a new low for today, with a decrease of 10.48%. RDDTB reached a new low for this week, with a decrease of 11.63%.Among the other tokens, INIT increased by 3.14%, while also showing a small increase over 5 minutes. AVA, STX, and BLUR also showed a rebound from the bottom, with increases of 5.92%, 6.01%, and 6.21%, respectively.

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.

Recently, in response to user information leaks and supply chain security risks in the hardware wallet industry, KeyPal, a hardware wallet brand under TokenPocket, announced further enhancements to user privacy protection and data security management mechanisms.KeyPal stated that it has not found any security breaches in its system or customer data leaks; this adjustment is a proactive preventive measure based on changes in industry risks.According to the latest plan, KeyPal aims to delete or anonymize unnecessary customer personal information within 15 days after order completion for orders that have confirmed receipt, completed fulfillment, and have no after-sales disputes or other legitimate retention requirements. The security of hardware wallets not only involves private key protection and transaction signing but also includes the protection of personal information generated during the purchase, delivery, and after-sales service processes.

According to the token unlocking data from the crypto asset data platform RootData, Ethena (ENA) will unlock approximately 93.75 million tokens at 0:00 Beijing time on November 5, worth about 18.37 million USD.

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 Tencent Global Digital Ecosystem Conference was held in Shenzhen. Tang Daosheng, Senior Executive Vice President of Tencent Group and CEO of the Cloud and Smart Industries Group, stated in his keynote speech that, according to data from relevant national departments, the daily Token call volume in China has increased from 100 billion at the beginning of 2024 to over 500 trillion in July of this year, a growth of over 5,000 times in two years.Tang Daosheng believes that behind this data is the rapid development of AI applications, with AI becoming a new productive force. Represented by Tencent's AI intelligent entity Workbuddy, related applications are not only used for daily document collaboration but are also being implemented in professional fields such as business analysis, business operations, market research, and marketing planning and execution. He stated that using AI intelligent entities to improve efficiency has become a necessary option for employees, and companies also need to make more accurate decisions and execute faster with AI to strengthen market competitiveness; otherwise, they will fall behind.

According to on-chain researcher Spreek, the DeFi lending protocol Hifi Finance is suspected of experiencing a DAO governance attack. An address funded by Tornado Cash cast 4 votes just before the governance vote was about to end, taking control of the protocol's governance.This address subsequently minted 25 million HIFI tokens and transferred all user collateral assets within the protocol, valued at approximately 1 million dollars, most of which were RWA tokens.

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.

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.

According to the official announcement, Robinhood Chain has added 8 new stock tokens, namely JP Morgan, Visa, PayPal, BMNR, McDonald's, Disney, Uber, and VanEck Gold Miners ETF.

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.

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.