digital

According to Bloomberg, Japan's financial group Nomura is exploring the sale of its digital asset business Laser Digital, with Marex being one of the potential buyers.The report states that the business involved in this negotiation includes cryptocurrency trading, asset management, and on-chain credit cooperation. Currently, the details of the transaction and the progress of the negotiations have not been disclosed.

According to the information on the Liepin page, Tencent is hiring a financial product manager for cross-border payment. The job responsibilities include conducting overseas market research based on distributed ledger technology, digital assets, and designing fee-free capabilities, key custody and recovery based on account abstraction, as well as designing the circulation and exchange logic of fiat currency.The position also requires transforming regulatory rules such as identity verification, anti-money laundering, and transaction information transmission into product processes. The job requirements include over 5 years of experience in wallets, exchanges, payment, or e-wallet products, and familiarity with mainstream public chains, smart contracts, and multi-chain asset management.

According to The Block, Laser Digital, a digital asset subsidiary of Nomura, has partnered with ZIG Finance to launch an on-chain investment product called zEMS Vault, aiming to raise $100 million to provide qualified institutional investors with exposure to a portfolio of loans for small and medium-sized enterprises in Saudi Arabia. The relevant loans are issued through Beehive's lending infrastructure.The vault is deployed on the BNB Chain, and investors can use stablecoins for subscriptions and redemptions. KAIO is responsible for tokenization and the management of the vault's entire lifecycle, with KYC checks performed at both the subscription and redemption stages; Zamanat is responsible for investment structure design and providing Shariah compliance consulting, while Laser Digital serves as the risk framework advisor.zEMS Vault is the first product under the strategic cooperation between ZIG Finance and Laser Digital, and both parties plan to expand this model to other emerging markets and credit strategies.

According to market news, Deutsche Bank's custody services for German institutional and corporate clients are now online, supporting BTC, ETH, and some stablecoins like USDC under BaFin/MiCA authorization.The bank employs a multi-layer control mechanism to manage keys and plans to expand to Asia and launch tokenization services by 2027. This service aligns with its goal of achieving an 8% compound annual growth rate in corporate banking by 2028, but the initial scope is limited, not aimed at retail users, does not provide deposit guarantees, and trading functionality has not yet been confirmed.

Spider Digital Technology Ltd., a cryptocurrency mining pool operator headquartered in Singapore, announced that it has signed a definitive business combination agreement with Starlink AI Acquisition Corporation, a blank check company listed on the New York Stock Exchange (stock ticker OTAI), on October 30, 2026. The agreement sets the valuation of Spider Digital at $250 million to determine the merger consideration. Upon completion of the transaction, Spider Digital and Starlink AI will become wholly-owned subsidiaries of Spider Digital Technology Group, which is expected to go public in the United States after meeting applicable listing requirements and obtaining approval.According to the agreement, PubCo's wholly-owned subsidiary Merger Sub I will merge with Spider Digital, after which Merger Sub II will merge with Starlink AI, and both companies will continue to exist after their respective mergers. The completion of the transaction is subject to approval by both parties' shareholders, the effectiveness of PubCo's F-4 registration statement, approval for listing on the New York Stock Exchange, and other customary closing conditions. Spider Digital claims that it operates its own mining pool system and has independent block production capabilities, without sharing pool control or hash power scheduling rights with third parties. The company's founder, chairman, and CEO Chen Hua, along with Starlink AI's chairman and CEO Gus Liu, both commented on the proposed merger.

European Central Bank Executive Board Member Fabio Panetta stated that if negotiations are delayed, the digital euro will face postponement.

Financial technology company GTN announced the appointment of former Gemini executive Mark Jennings as the Global Head of Digital Assets. Jennings will be responsible for GTN's tokenized securities strategy, leveraging its global market access capabilities to help the platform bring traditional assets on-chain.Previously, Jennings served as the Chief Executive Officer of Gemini's European operations, overseeing the exchange's expansion in Europe. Earlier, he held several executive positions at Kraken, including serving as the Chief Executive Officer of its institutional derivatives trading platform Crypto Facilities.

According to official news, Morgan Stanley has reached an agreement to acquire Vinyl Equity. Vinyl Equity is a digital equity transfer agency and shareholder record management platform registered with the U.S. Securities and Exchange Commission (SEC).This acquisition will add equity transfer agency services to Morgan Stanley's Morgan Stanley at Work, integrating equity structure management, equity incentive management, share transfer, and wealth management services, providing integrated services for enterprises and shareholders covering both private and public markets. Morgan Stanley stated that this acquisition will also strengthen its digital asset ecosystem, providing critical infrastructure for future asset tokenization plans. Vinyl's digital technology is expected to drive upgrades in the recording, transfer, and management of equity ownership, aligning with the development of blockchain technology, atomic settlement, and asset tokenization. The transaction is still subject to customary closing conditions and is expected to be completed in the first quarter of 2027.

Cryptocurrency financial services company Galaxy Digital released its Q3 2026 financial report, showing a net profit of $323 million, reversing the $85 million loss from the previous quarter. Adjusted gross profit was $569 million, and adjusted EBITDA was $455 million. Among these, the adjusted EBITDA for treasury and corporate business was $395 million, the data center business was $69 million, and the digital asset business incurred a loss of $9 million.The trading volume of digital assets increased by 12% quarter-over-quarter, and the total scale of managed and staked assets grew by 46% to $10.4 billion. In terms of data centers, Phase I of Helios I has delivered all 133 MW of critical IT load to CoreWeave, and Phase II has secured full financing. The company completed a $3.5 billion issuance of senior secured notes, with the potential total power capacity of data center projects exceeding 5.7 GW.

According to Caixin, the European Commission preliminarily determined on November 6 local time that TikTok's recommendation mechanism has a "rabbit hole effect," making it increasingly difficult for users to disengage, which violates the Digital Services Act (DSA). Furthermore, TikTok's existing mitigation measures are deemed ineffective. The EU believes TikTok should adjust its "For You" algorithm to include more content based on users' explicitly expressed preferences, eliminate viewing duration as a recommendation metric, and enhance the usability of user control features.If confirmed as a violation, TikTok could face fines of up to 6% of its global annual revenue. TikTok denies the allegations, stating that the EU's claims are fundamentally untrue. This conclusion is a preliminary determination and not a final penalty decision, and TikTok has the right to defend itself.

The Financial Services Commission of South Korea is coordinating inter-departmental differences on the government draft of the "Basic Law on Digital Assets," aiming to present it in November and is expected to advance it in the form of legislative action by lawmakers. Regulatory authorities are discussing setting a single shareholder ownership limit for cryptocurrency trading platforms at 15% to 20%, and providing existing platforms with a transition period of 1 to 2 years; considering property rights disputes, it may also change to only restrict voting rights.The bill proposes to change the access to trading platforms from a declaration system to a licensing system, with stablecoin issuers expected to adopt a bank-centered consortium model. Discussions are also underway regarding implementing strict liability for hacking attacks and system incidents, as well as listing violations of actual holding obligations for crypto assets as grounds for suspension of operations. On November 5, South Korea's Deputy Prime Minister and Minister of Economy and Finance, Lee Hyeong-ik, stated that he would consult with the National Assembly to postpone the implementation of the cryptocurrency asset income tax originally scheduled for next year by two years. The ruling party advocates prioritizing the formulation of this law, establishing an overall regulatory framework, and allowing a transition period for businesses and investors.

Michael Saylor posted on the X platform, stating that digital credit combines financial infrastructures such as corporate equity, preferred stock, trading markets, tax laws, and securities regulation that have gradually formed over hundreds of years.Stretch, under Strategy, completed its initial issuance in July 2025, raising approximately $2.521 billion. Strategy stated that it has used the net proceeds after deducting expenses to purchase 21,021 bitcoins. Stretch is a perpetual preferred stock traded on NASDAQ, adopting a monthly dividend rate policy determined by the board of directors.

According to Bloomberg, the Brazilian digital bank Nubank has temporarily suspended cryptocurrency deposits and withdrawals in Brazil due to issues with an external service provider, while other cryptocurrency asset products are operating normally.The digital financial services platform Mercado Pago, controlled by Mercado Libre Inc., stated that a security incident at an institution providing risk monitoring and anti-money laundering services has caused instability in cryptocurrency asset transfers. The company added that as a precaution, it has blocked some transfers to external wallets.

Onchain Lens monitoring shows that Fidelity has transferred approximately 27,000 ETH to Galaxy Digital, worth about 60.27 million USD.

Former Moore Capital Management portfolio manager Paul Yablon is returning all external funds from the digital asset hedge fund Room40 Capital, opting to manage his own capital and that of an institutional partner, while expanding the investment strategy from cryptocurrencies and digital assets to macro trading.Paul Yablon admitted that the $6.3 billion hacking incident at Binance highlights the ongoing security challenges faced by the cryptocurrency industry, while clarifying that Room40 Capital does not hold any assets from Binance. The main reason for this exit is the asymmetric risk-reward ratio and the fact that favorable cryptocurrency investment opportunities have become very scarce. According to informed sources, Paul Yablon will return to Moore Capital as a macro portfolio manager.

The Deputy Secretary for Financial Services and the Treasury, Chen Haolian, stated at the Legislative Council's Financial Affairs Committee meeting that Hong Kong will further optimize the preferential tax system for funds, single family offices, and associated rights, including expanding the scope of the tax exemption system to cover large-scale single investor funds and include more eligible investments, such as loans and private debt investments, digital assets, precious metals, and more.Once the relevant amendment bill is passed, the measures can be implemented starting from the 2025/26 tax year. Chen Haolian also mentioned that Hong Kong's central clearing and settlement system for gold will officially be launched in the first quarter of next year, providing efficient and reliable clearing services for internationally standardized over-the-counter gold trading.

European Central Bank (ECB) Executive Board member Piero Cipollone stated that the digital euro pilot program will launch in the second half of 2027 and will last for 12 months, with 36 service providers participating. The pilot will test the technology and coordinate collaboration among service providers, merchants, central banks, infrastructure operators, and users.Legislative negotiations related to the digital euro are ongoing between the European Parliament, the Council of the European Union, and the European Commission, and are expected to conclude within the year. If negotiations proceed smoothly, the European Central Bank aims to issue the digital euro by 2029.

Paraguayan President Santiago Peña announced his resignation on Thursday due to a political crisis triggered by the collapse of digital bank Ueno Bank. In a video posted on the X platform, Peña stated that his resignation was to maintain national stability, social peace, and democratic institutions, with his primary task being to protect the Paraguayan people who entrusted their savings to the financial system.The Central Bank of Paraguay announced on Tuesday the initiation of liquidation procedures for Ueno Bank after discovering that its solvency ratio had fallen below half of the regulatory minimum requirement. Peña is facing political scrutiny due to his previous business ties with Grupo Vázquez, the holding company of Ueno Bank; according to the Associated Press, he remained a business partner of the group until March 2025. Peña denied any wrongdoing, stating that the controversy initially was merely a regulatory issue that escalated into a political dispute.This banking crisis is also accompanied by rising quotes for Tether's USDt in the peer-to-peer market targeting Paraguay, with a bid on Thursday morning quoted at 1 USD to 6942 Paraguayan Guarani, approximately 13% higher than the Central Bank's reference rate of 6144.02 on November 4. According to Reuters, lawmakers are debating impeachment proceedings over allegations of conflicts of interest, pension abuse, and institutional cover-ups. Peña was elected in April 2023 and took office in August of the same year, with a five-year term originally set to end in 2028; if Congress accepts his resignation, Vice President Pedro Alliana will assume the remaining term.