digital

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.

Institutional-level cryptocurrency platform Anchorage Digital has submitted a swap dealer registration application to the U.S. Commodity Futures Trading Commission (CFTC) to expand its institutional cryptocurrency options business. The application was submitted through Anchorage Digital Swap Dealer, LLC to the National Futures Association (NFA) and is currently awaiting NFA's review. The company's CEO and co-founder Nathan McCauley did not provide a timeline for the completion of the review, only stating that further progress will be announced at the appropriate time.McCauley stated that if the application is approved, Anchorage Digital Swap Dealer plans to offer European-style options for Bitcoin and Ethereum, with a maximum term of one year, and will subsequently launch more products as it meets its own approval processes and regulatory requirements. Once the registration is complete, institutional clients will be able to trade digital asset derivatives with CFTC-registered counterparties while also utilizing Anchorage Digital's existing custody and other services.Anchorage Digital noted that the growth of its existing options business primarily comes from publicly traded companies holding Bitcoin and Ethereum on their balance sheets, with asset management firms and funds using options to manage exposure also contributing. Anchorage Digital Bank, N.A. became the first federally licensed digital asset bank in 2021, regulated by the Office of the Comptroller of the Currency; this swap dealer entity will adhere to CFTC requirements regarding capital, risk management, and margin, applying the same framework used for interest rate, credit, and foreign exchange market banks under the Dodd-Frank Act. In March of this year, Anchorage Digital added collateral management features to the Atlas platform, and in December of last year, it acquired the wealth management division of Securitize.

According to Fortune magazine, the on-chain uranium spot trading platform Uranium Digital announced the completion of a $16.5 million Series A financing round, led by Blockchain Capital, with existing investors Portal Ventures and Apeiron Investment Group participating. This round of financing was completed last month, and the funds will be used to expand its electronic trading platform.Uranium Digital was established in 2024, aiming to track the ownership of physical uranium in storage facilities through blockchain technology and provide a trading platform for institutions to buy and sell uranium. The company hopes to shift uranium trading from the traditional model of broker inquiries, email contracts, and offline storage and delivery to electronic trading.Previously, the company completed a $6.1 million seed round financing in 2025. With the growth of energy demand driven by AI data centers, the nuclear power and uranium fuel markets have received more attention.

According to PR Newswire, Soter Insure, a digital asset specialty insurance company based in Abu Dhabi, announced that SC Ventures, the innovation and venture capital arm of Standard Chartered Bank, and SBI Group, a Japanese financial group, have joined its Series B as strategic investors. Token Bay Capital has also made an additional investment, marking the second closing of this round, which is led by Galaxy.The new investors join Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital, who participated in the first closing in July 2026.Soter Insure is incubated by Further Ventures and WebN Group, operates in Bermuda, and has offices in London, New York, and Dubai. Its products cover directors and officers liability, professional liability, crime, valuable items, confiscation, and smart contract failures, with policies priced in fiat currency or native digital assets.

According to The Block, the crypto advocacy organization Digital Chamber (TDC) stated that Sherrod Brown's victory is "the most adverse outcome for the crypto industry," and that his priorities regarding financial stability, consumer protection, bank regulation, and illicit finance issues may influence the Democratic Party's overall attitude toward the crypto industry.

According to TheEnergyMag, Ionic Digital, which has transformed from a Bitcoin mining company to a data center operator, announced its third-quarter performance, with total revenue increasing by 32% year-on-year to $48.9 million. Among this, digital infrastructure leasing revenue was approximately $43.9 million, accounting for nearly 90% of total revenue; mining revenue fell from $37.1 million in the same period last year to about $5.1 million, a decrease of 86%. Adjusted EBITDA was about $35 million, compared to $154,000 in the same period last year.Although leasing revenue reached $43.9 million in the third quarter, the actual cash rent received was only about $7 million. The company reiterated its full-year guidance for 2026, expecting total revenue to be between $190 million and $195 million, and is actively seeking customers for its nearly 500 megawatts of additional power capacity at its Texas property.

Sony Bank announced that its external contractor for digital securities, Securitize Japan, experienced unauthorized access to its systems, resulting in a leak of customer information. This includes the names, addresses, birth dates, and account numbers of 4 customers, as well as the names of an additional 617 customers.Sony Bank stated that no improper transactions have been identified as a result of this incident, and there is no evidence that the leaked information has been made public or disseminated online. This matter only involves digital securities services, and related transactions have been suspended, with further notifications to be provided upon resumption.Securitize Japan detected system anomalies on October 29 and confirmed the unauthorized external access on the same day, subsequently notifying Sony Bank. An investigation of the logs confirmed the leak of customer information. Sony Bank will contact the affected customers individually.

Cryptocurrency journalist Eleanor Terrett posted on the X platform that Bill Huizenga, the Republican Congressman and Vice Chairman of the House Financial Services Committee who supports cryptocurrency, has fallen behind Democratic candidate Sean McCann in the ongoing election. Huizenga is a member of the committee's Digital Assets Subcommittee, whose chairman Bryan Steil has also lost his seat.Eleanor Terrett stated that the name, scope, and membership of the subcommittee are redefined by each Congress, so the Digital Assets Subcommittee may be renamed, have its scope adjusted, or be abolished in the future.

According to the Omani Ministry of Foreign Affairs, the People's Bank of China and the Central Bank of Oman signed a memorandum of cooperation on central bank digital currencies, and both parties will exchange expertise and experience on related technologies.The two central banks also signed a currency swap agreement. The Governor of the Central Bank of Oman stated that the agreement aims to support economic development, strengthen financial stability, and enhance international partnerships. The relevant documents were signed on November 2 in the presence of the leaders of both countries.

According to the official website of the People's Bank of China, the Governor of the People's Bank of China, Pan Gongsheng, recently signed the "Renminbi/Omani Rial Bilateral Currency Swap Agreement" and the "Memorandum of Understanding on Strengthening Cooperation in Digital Payments and Central Bank Digital Currencies" with the Governor of the Central Bank of Oman, Ahmed Al-Mousaami, under the witness of the leaders of both countries.The scale of the swap agreement is 30 billion Renminbi/1.5 billion Omani Rials, with a validity period of 5 years. On the same day, both parties met to exchange views on topics such as bilateral economic and financial cooperation. The central bank stated that the agreement aims to deepen monetary and financial cooperation between the two countries, enhance the facilitation level of cross-border digital payments, and maintain financial market stability.

According to an announcement released by the Securities and Exchange Commission (SEC) of Thailand on October 29, the agency has publicly solicited opinions on a series of draft notifications to amend the licensing framework for derivative businesses, covering derivative exchanges, derivative clearinghouses, and intermediary businesses, to support the inclusion of digital assets in the scope of underlying assets recognized by the Derivatives Act. According to the proposal, digital asset operators can apply for a derivative business license without establishing a new company.According to MediaNama, the proposed digital asset derivative license will allow for activities such as derivative agency, proprietary trading, investment consulting, and investment management, with a license fee of 500,000 Thai Baht. Existing digital asset exchanges, brokers, and dealers can be exempt from application fees and license fees. Among digital asset operators, only exchanges and brokers can apply to operate derivative exchanges, while digital asset custodians are not allowed to apply for clearinghouse licenses. The deadline for public consultation is November 28, and the Thai SEC has solicited opinions on related principles from April to May of this year.

Global stablecoin payment infrastructure service provider WasabiCard announced the formal signing of a strategic cooperation agreement with Japan Innovation Group (SOUSHIN Ltd). Both parties will integrate WasabiCard's technological advantages in global payment infrastructure, cross-border settlement, and stablecoin payments, along with Japan Innovation Group's resources in the local retail and trading ecosystem, to jointly promote the digital transformation of traditional retail enterprises in Japan and explore the application of stablecoin payments in physical business scenarios.As of now, WasabiCard has served over 700 corporate clients, with a cumulative card issuance exceeding 700,000 cards and a transaction volume exceeding 1 billion USD. The company's business covers more than 200 countries and regions worldwide and supports over 70 card BINs. This cooperation marks WasabiCard's further deepening of its market layout in Japan and accelerates the integration of stablecoin payments with the traditional retail business ecosystem.

The Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission, Wu Jiali, delivered a speech titled "Tokenization: Expanding the Tokenized Landscape of Hong Kong's Capital Market" at Hong Kong FinTech Week, in which she pointed out the upcoming launch of the "Innovation Pathway." This initiative aims to combine tokenized funds with digital currencies to enhance liquidity and financial management efficiency.Wu Jiali revealed that the first batch of tokenized money market funds will be traded in the secondary market on licensed trading platforms, and a tokenized gold ETF may become the next pilot project. Currently, Hong Kong has 17 approved tokenized retail products, covering money market funds, gold products, and ETFs, with a total asset management scale of 1.3 billion USD. In the medium to long term, the Hong Kong Securities and Futures Commission will also promote tokenized assets as collateral, expand the on-chain presence of assets such as stocks and bonds, and explore the application of smart contracts in automating investment decisions and trading processes.

According to a post by Onchain Lens, Fidelity Digital Assets transferred 1,722 BTC (approximately 132 million USD) to multiple new wallets in the past hour.

Japan's financial group SBI plans to invest 100 million dollars in the American digital bank Erebor. SBI stated that Erebor's deposit scale exceeded 7 billion dollars in September.Erebor is an American digital bank that supports blockchain settlements outside of banking hours, allowing for on-chain fund clearing during traditional bank non-business hours.