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Deutsche Bank stated that AI-driven market adjustments may change the traditional relationship between the dollar and U.S. stocks, with the dollar no longer necessarily being a safe-haven asset. Recently, technology stocks and the dollar have weakened in tandem, reflecting that the risks facing the dollar are more bidirectional than previously priced by the market.The scale of U.S. stocks held by overseas investors exceeds $20 trillion, with approximately 90% of asset growth coming from rising stock prices rather than new purchases.

Standard Chartered Bank has announced that it is providing digital asset custody services in Luxembourg and the Dubai International Financial Centre (DIFC).The bank's authorized partnership with LMAX covers its Luxembourg entity and Dubai branch. Additionally, an independent collateral link will allow clients to trade using tokens held in the bank's custody.

Bank of America has removed Apple (AAPL.O) from its preferred list of U.S. stocks.

Digital asset trading company QCP pointed out in its latest market report that the Federal Reserve, the European Central Bank, and the Bank of Japan all kept interest rates unchanged this week, but the market is still betting that the European Central Bank and the Bank of Japan may raise rates in December. The Federal Reserve maintained the federal funds rate at 3.75% to 4.00% with a vote of 10 to 2 during the October meeting. Federal Reserve Chairman Warsh did not commit to any rate adjustments for December and beyond.In addition, the Federal Reserve announced that there will be no rate votes at one meeting in 2027 and two meetings in 2028, which will only be used to discuss monetary policy strategy. QCP believes that the reduction in decision-making nodes may allow for the accumulation of more economic data between the two meetings, making the market more sensitive to data changes and increasing interest rate volatility and term premiums. The European Central Bank kept interest rates unchanged, citing that previous inflation data had not yet produced second-round effects, but the market still expects a possible rate hike in December. The Bank of Japan also kept interest rates unchanged and stated that inflation has reached the 2% target, with the market pricing in the possibility of a rate hike in December.In terms of technology stocks, shares of Alphabet, Amazon, Meta, and Intel fell after announcing quarterly results, as the market is concerned about current corporate earnings performance and future capital expenditure plans, particularly focusing on the pace and profitability of AI infrastructure investment. In the cryptocurrency market, Binance experienced a significant security incident on Friday morning, affecting approximately $6.3 billion in assets, which initially led to a decline in trading activity in the cryptocurrency market. QCP pointed out that the market gradually stabilized afterward, with participants seemingly viewing this incident as a company-level risk rather than a systemic event affecting the entire cryptocurrency market or infrastructure, with central bank policy uncertainty, concerns over technology companies' capital allocation, and the Binance security incident collectively driving the market to reprice.

According to Jinshi reports, the Bank of Japan has kept the policy interest rate unchanged at 1.25%, in line with market expectations.At the last meeting, the Bank of Japan raised interest rates by 25 basis points.

According to Bitcoin Magazine, on October 29, the Central Bank of Russia approved the National Association of Participants in the Securities Market (NAUFOR) to become the country's first self-regulatory organization for cryptocurrency exchanges and digital custodians. This move implements the "Digital Currency and Digital Rights Law," which was passed by the State Duma in July, into an operational system. The law requires exchange operators and digital custodians to enter the central bank's registry and must join a self-regulatory organization.The central bank's registry currently includes 23 cryptocurrency exchanges and 8 digital custodians, including VTB, Sberbank, and T-Bank's parent company T-Technologies. Companies listed in the registry must complete their membership within 90 days. The self-regulatory organization is responsible for setting industry standards, supervising members, and communicating with regulators on behalf of the industry.NAUFOR stated that it will participate in the formulation of standards for the digital asset market and promote adjustments to the rules by the central bank. The association earlier this month obtained similar qualifications in the field of information system operators and currently has 725 members.The law prohibits the use of Bitcoin for everyday payments, and domestic cryptocurrency payments remain banned. It also issues licenses to exchanges and custodians, limits retail investors' purchase amounts, and establishes state-regulated cross-border trading channels. Non-qualified retail investors can purchase up to 300,000 rubles, approximately $3,800, per year through a single intermediary. Additionally, the Moscow Exchange has tested cryptocurrency trading with professional market participants and plans to launch in December; Sberbank has also been approved to custody Bitcoin and other cryptocurrency assets.

The Bank of England has launched a consultation on how central counterparties (CCPs) can accept digital forms of eligible collateral, stating that current rules allow for such arrangements provided that the relevant assets meet clearing standards. The draft regulatory statement released by the bank will clarify the matters that CCPs must specify when submitting applications under the existing approval process, covering collateral that has been accepted as well as types that meet the criteria under the proposed UK CCP rulebook but have not yet been used in practice. The Bank of England emphasized that this statement will not create new regulatory obligations.The Bank of England pointed out that tokenized collateral must always be capable of being valued, transferred, and liquidated, including under stress scenarios; the improvement in cross-border transfer speed helps institutions meet margin calls in a timely manner. Sarah Breeden, the Deputy Governor responsible for financial stability, stated that this consultation reflects the bank's goal of promoting innovation in financial market infrastructure while maintaining financial stability, and is part of a broader agenda by regulators and the industry to promote the responsible application of tokenization in financial markets.The consultation document will close for feedback on February 12, 2027, and the Bank of England plans to subsequently publish a policy response and related rules.

European Central Bank President Christine Lagarde stated that the Governing Council debated whether it was appropriate to raise interest rates. The outcome of this meeting is to keep the interest rates unchanged.

The European Central Bank has kept the deposit facility rate, main refinancing rate, and marginal lending rate unchanged at 2.5%, 2.65%, and 2.9%, respectively, in line with market expectations.

Polygon Labs announced that it has integrated Solana into its Open Money Stack payment platform, allowing the network's enterprise clients to connect their dollar bank accounts directly to the global payment network through a single API framework. The platform supports enterprises in depositing funds from bank accounts, transferring funds across chains, and making payments to recipients, while also providing functionalities such as customer accounts and wallets, currency exchange, and routing payments to supported bank accounts, debit cards, cash services, and cryptocurrency wallets.Kira is one of the first clients to use the Solana integration, helping clients convert between dollars and stablecoins, send payments through banking channels, and pay overseas suppliers. Kira's CEO Edrizio De La Cruz stated that the company has been using Solana to transfer stablecoins, and collaborating with Polygon allows these transfers to be converted into dollars in their bank accounts when clients need to pay suppliers. Open Money Stack simultaneously connects Polygon, Ethereum, and TRON, which was integrated earlier this month.This integration occurred after Solana activated the Alpenglow consensus upgrade a week ago, which reduced the final confirmation time for transactions from approximately 12.8 seconds to 150 milliseconds. According to data from The Block, the total supply of dollar stablecoins has approached $290 billion, with USDT exceeding $182 billion and USDC nearing $76 billion. Vibhu Norby, Chief Product Officer of the Solana Foundation, stated that the volume of stablecoin transactions processed by Solana in 2026 has exceeded $5.5 trillion. Earlier this month, Polygon also completed the acquisition of Coinme, obtaining money transmission licenses and exemptions covering 48 states in the United States.

Google has launched a Multi-Party Computation (MPC) custody platform aimed at banks and financial institutions to protect cryptocurrencies and tokenized assets. The platform disperses shares of private keys across different environments, preventing any single participant from having complete control over the private key; before transaction signing, it can also verify spending limits, approved addresses, and multi-party authorization requirements according to institutional rules.This service is currently in a private preview phase and is planned to be commercially available in early 2027. Google stated that several large financial institutions are participating in the testing; Alphabet has used this technology to protect its digital assets on Solana and Ethereum, but has not disclosed the list of held assets or testing institutions.

According to TASS, the First Deputy Governor of the Central Bank of Russia, Vladimir Chistyukhin, stated that the restrictions on the use of non-custodial wallets in the proposed cryptocurrency legislation do not apply to international settlements, and such scenarios still allow the use of non-custodial wallets.

According to TheEnergyMag, Galaxy Digital (GLXY) has submitted an application to the Office of the Comptroller of the Currency (OCC) to establish a national trust bank in New York, providing fiduciary investment consulting and digital asset services.This move aims to integrate the company's business under the federal regulatory framework.

Danish Bank strategists pointed out that despite the rise of the S&P 500 index and the European Stoxx 600 index, AI-related stocks rebounded for the third consecutive day, but Alphabet and Microsoft's earnings reports showed a divergence in AI-related revenue and capital expenditures.The flat capital expenditure guidance may limit the gains in the data center and semiconductor industries. The market reacted negatively to the earnings reports of major cloud computing companies, with the Korea Composite Stock Price Index falling 0.7% and Nasdaq futures dropping 0.9%.

On the morning of October 29, the banking sector continued to rise during the trading session, with Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank all increasing by over 1%. The total market capitalization of the four major banks' A+H shares has historically surpassed 10 trillion yuan for the first time.Among them, the total market capitalization of Industrial and Commercial Bank of China is 2.94 trillion yuan, Agricultural Bank of China is 2.58 trillion yuan, China Construction Bank is 2.35 trillion yuan, and Bank of China is 2.15 trillion yuan.

According to reports from Yonhap News, the South Korean virtual asset trading platform Prabang has announced a temporary service suspension due to a hacker attack that resulted in an asset loss of approximately 100 million Korean Won, stating that it will fully compensate the affected funds with the company's own assets.According to industry sources, Prabang discovered abnormal transfers from its hot wallet on October 24 and immediately initiated an emergency response and comprehensive investigation, during which a security vulnerability was found. After confirming unauthorized external access on October 26, the platform reported the incident to relevant authorities and continues to investigate the cause and extent of the losses.Yonhap News stated that there have been a series of hacker-related incidents in the financial and virtual asset industry recently, with this being the first confirmed case of asset loss. The report mentioned that this incident appears to be different from the Prabang-related incident mentioned by financial authorities in the AI hacker intrusion inspection results on October 14. Additionally, on October 27, Bithumb experienced a hacker attack targeting its internal systems, leading to the leakage of employee personal information. On the same day, several Korean Won trading platforms also faced intrusion attempts targeting personal information and assets.

According to the Digital Currency Research Society, on October 27, Beijing Bank released a public tender announcement for the procurement project of firewall equipment for digital currency business in 2026 through the official centralized procurement management system. Along with the previously announced procurement projects for IPS, encryption machines, WAF, SSL, signature devices, etc., the bank has officially launched a centralized upgrade of the full-chain security infrastructure for digital renminbi business, covering core security nodes such as intrusion defense, encrypted transmission, web application protection, and identity signing.In April of this year, Beijing Bank became a newly added operational institution for digital renminbi business and connected to the central bank's digital renminbi system. In August, the central bank added 8 more operational institutions, expanding the total to 30. Previously, several newly added operational institutions, such as Huishang Bank, Hangzhou Bank, and Guangxi Beibu Gulf Bank, had initiated tenders for core digital currency systems worth tens of millions. The report pointed out that Beijing Bank's inclusion of various security devices such as firewalls and encryption machines in centralized procurement is a proactive security layout to adapt to the new features of digital renminbi, such as high-concurrency transactions and programmable smart contracts.

Last week, Bank of America clients net sold $3.5 billion in U.S. stocks, following an outflow of $15 billion the previous week.According to Bank of America analysts Jill Carey Hall and Trey Brown, retail investors led this sell-off. The communication services sector recorded its largest weekly outflow since tracking began in 2018, affecting the industry including Meta. The industrial sector also faced significant selling, marking the 13th consecutive week of outflows.

The World Bank predicts that due to the impact of the Middle East war, global energy prices will rise by 32% in 2026, reaching the highest level in four years.