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On October 30, 2026, Zhu Hexin, Secretary of the Party Leadership Group and Director of the State Administration of Foreign Exchange, presided over a Party Leadership Group meeting to convey and study General Secretary Xi Jinping's important speech at the Fifth Plenary Session of the 20th Central Committee of the Communist Party and the spirit of the plenary session, and to research and deploy the implementation work. Members of the Party Leadership Group of the State Administration of Foreign Exchange attended the meeting.The meeting required resolute implementation of the major decisions and deployments of the Party Central Committee. It emphasized the serious implementation of the "14th Five-Year Plan" requirements, improving a more convenient, open, secure, and intelligent foreign exchange management system and mechanism, promoting deep-level reforms and high-level openness in the foreign exchange field, effectively managing the "five major tasks" of finance, maintaining the stability of the foreign exchange market and the national economic and financial security, severely cracking down on illegal cross-border financial activities, strengthening the capacity building for foreign exchange reserve management, and effectively following the path of financial development with Chinese characteristics.

Cameron Winklevoss, co-founder of Gemini, tweeted that Zcash does not need to reinvent its governance mechanism. Stakeholder voting has been functioning in capital markets for hundreds of years, and holder voting is merely its on-chain form. Experimental governance is not the mission of Zcash; its mission is privacy.Cameron Winklevoss stated, "It is time to end ZCG and all the distractions and misaligned goals it brings." Previously, Cameron Winklevoss and his twin brother Tyler Winklevoss's Winklevoss Asset had submitted an S-1 registration statement for the Winklevoss Zcash ETF to the U.S. Securities and Exchange Commission. This ETF plans to directly hold ZEC, intends to list under the ticker WINK on Nasdaq, with an expense ratio of 0.25%, and Gemini Trust Company will act as the custodian.

The asset management giant Franklin Templeton announced the launch of two U.S. stock-listed ETFs, namely FBEQ, which tracks the VettaFi U.S. Large Cap 500 Bitcoin Dividend Reinvestment Index, and FIBT, which tracks the VettaFi U.S. Innovation 100 Bitcoin Dividend Reinvestment Index, with management fee rates of 0.09% and 0.19%, respectively.The initial allocation of the products is approximately 95% U.S. stocks and 5% Bitcoin exposure. The index will reinvest regular and special dividends of the constituent stocks into Bitcoin after the ex-dividend date, thereby increasing Bitcoin's weight over time. To maintain Bitcoin as a secondary position, if Bitcoin's weight exceeds 5% in any quarter, it will be adjusted down to 4.5%. If it exceeds 20% at any closing during the quarter, it will be reset to 4.5% two trading days later. The two funds do not hold Bitcoin directly but gain exposure through Bitcoin ETPs, futures, and options.

The Federal Reserve reiterated its aim for a "timely return" to the 2% inflation target.

The perpetual trading platform Hibachi posted on X that its points program will end on November 8. Hibachi stated that the project was initially aimed at providing privacy, speed, and performance for perpetual trading, with a cumulative trading volume reaching 10 billion dollars, and related goals have expanded to a larger scope.Hibachi noted that the daily trading volume in the foreign exchange market is approximately 10 trillion dollars, with a settlement cycle of T+2, and liquidity acquisition is limited by credit limits and a centralized banking system. The settlement volume for stablecoins last year was 46 trillion dollars, which can be completed almost instantly and around the clock. The two systems are converging, but the trading infrastructure connecting them does not yet exist.Hibachi stated that the venue it is building is an institutional-level exchange aimed at stablecoin-native foreign exchange, covering perpetual and spot trading. The project thanked early traders, referrers, and participants in product stress tests, stating that the related activities form the foundation for the next phase. Hibachi also explained that after the points program ends, rewards may still be associated with social or trading activities.

Bitcoin News posted on platform X that ETF analyst Nate Geraci stated that two Bitcoin dividend reinvestment ETFs, FBEQ and FIBT, under Franklin Templeton are expected to launch soon. The effective registration date listed in the SEC filing is October 27, which may not necessarily be the date trading begins.Both funds target approximately 95% exposure to U.S. equities and 5% exposure to Bitcoin, automatically reinvesting U.S. stock dividends into Bitcoin exposure rather than distributing them to investors. FBEQ tracks a U.S. large-cap stock index covering about 500 companies, with an annual management fee of 0.09%; FIBT tracks an innovation-themed index composed of 100 U.S. companies, with an annual management fee of 0.19%.

According to U.S. SEC filings, Franklin Templeton has registered two index ETFs that reinvest stock dividends into Bitcoin for listing on Nasdaq, namely the Franklin US Equity Bitcoin DRIP Index ETF (FBEQ) and the Franklin US Innovation Bitcoin DRIP Index ETF (FIBT).

According to a report from TechCrunch, Elon Musk announced that Grok would release a full-length, "historically accurate" movie version of "The Odyssey" three months later. On October 23, Grok released the first seven minutes of this AI-generated content, calling it "the first episode of our Odyssey series." This version was produced in collaboration with Wonder Studios and director Dev Walker. The Grok Imagine account posted on X, stating that viewers could comment on whether a complete production analysis is needed.The report mentioned that Musk previously criticized Christopher Nolan's version of "The Odyssey" because Nolan cast non-white and transgender actors. Although Nolan's version heavily utilized visual effects, it was still primarily a live-action film, shot across six countries with thousands of cast and crew members. After its release in July, the film achieved impressive box office results, with IMAX screenings sold out for several months, and it is considered a strong contender for the next Academy Awards.The TechCrunch author, after watching, stated that the video was not as bad as expected; some shots could be mistaken for real actors sailing on real seas, but the historical accuracy could not be determined. The author felt that the footage lacked artistry, inspiration, and warmth; the narration was lengthy, the dialogue stiff, and overall it lacked a sense of breath and momentum, making it hard to imagine that viewers would be interested in another seven minutes or even a whole movie.

According to Cointelegraph, Piero Cipollone, a member of the Executive Board of the European Central Bank, stated that the digital euro is expected to help the European Union establish a self-controlled payment infrastructure and reduce reliance on non-European third-party payment service providers. Europe has already recognized the risks of excessive dependence on external forces in critical areas such as energy and defense, and the same applies to the payment sector. However, payment sovereignty does not mean excluding third parties, but rather allowing Europe to have autonomous choices in key services.The European Central Bank plans to launch a digital euro pilot next year and will test it using real transactions. It is currently collaborating with 36 market operators to prepare, while also inviting e-commerce and mobile commerce operators to participate.

According to People's Finance News, regarding DeepSeek's comprehensive open-sourcing of its internally used AI inference framework DeepInfer, Zhou Hongyi, the founder of 360, stated that this reflects a kind of technological confidence and, more importantly, a philosophy of open-source inclusiveness.Zhou Hongyi also mentioned that looking deeper, this indicates that the struggle for technological sovereignty in the AI era has arrived. He revealed that 360 has developed a sovereign AI operating system, which is currently in use in some government and enterprise units.

According to local media Digital Asset in South Korea, the South Korean government and central bank are promoting amendments to the country's foreign exchange market law to regulate stablecoins as a payment tool.South Korea is currently formulating the "Basic Law on Digital Assets," which will establish an exchange licensing system and formulate rules for the issuance of stablecoins.

The National Development and Reform Commission has released a new version of the "Regulations on Foreign Investment Management," which better ensures the development and security of foreign investment from an institutional perspective. The regulations consist of 76 articles, divided into six chapters: General Principles, Guidance and Services for Foreign Investment, Supervision of Foreign Investment, Protection of Foreign Investment, Legal Responsibilities, and Supplementary Provisions.The regulations will take effect on December 1, 2026, at which point the "Regulations on Overseas Investment Management" issued in 2017 will be simultaneously abolished. The state supports investors in conducting foreign investment activities based on market principles and actively participating in international cooperation and competition. Investors enjoy the autonomy of foreign investment according to the law, making independent decisions, bearing risks independently, and being responsible for their own profits and losses.

According to Catcher Predict monitoring, the probability of the "Yes" option in the sub-market "Naz Reid: Points O/U 15.5" for the event "Hornets vs. Nets" on the prediction market Polymarket has experienced a sharp fluctuation, dropping from 73% an hour ago to the current 54.5% (a fluctuation of 18.5%). Please note the impact of related breaking news.

Iranian Foreign Minister Amir-Abdollahian stated in an article for the Financial Times that a seven-day plan has been submitted to the United States through a mediator, aimed at ending the war and reopening the Strait of Hormuz. Amir-Abdollahian expressed that if the United States demonstrates sincere willingness, Iran is willing to attempt diplomatic avenues once again.

According to Bloomberg Law, Arkansas and its Oil and Gas Commission requested the Eighth Circuit Court of Appeals on Tuesday to overturn a lower court order. The order prohibits the enforcement of the state's law that restricts foreign entities from holding digital asset mining operations. The lower court previously determined that the law may have been rendered ineffective by federal regulations taking precedence.Joseph Nelson from the Arkansas Attorney General's Office rebutted this determination. He stated that the law falls within the core area of state police power, and the restricted entities are consistent with countries that the federal government has identified as threats to national security. The law was passed in 2024 and prohibits citizens or businesses from countries subject to U.S. Department of State weapon export controls from holding interests in digital asset mining equipment in the state.

Renowned financial services company Cantor Fitzgerald reiterated Tesla's "Buy" rating, maintaining the target price at $485.The agency's analysts believe that the demonstration of the Tesla Roadster sports car is expected to be stunning, but its actual contribution to the company's short-term profits remains limited. Analysts pointed out that the subsequent commercialization of the Roadster still faces uncertainties such as road legality and mass production progress, so even if the demonstration effect is outstanding, it may not quickly translate into substantial financial gains.

The spokesperson of the Ministry of Foreign Affairs, Mao Ning, hosted a regular press conference. A reporter from AFP asked whether the U.S. government has requested federal agencies to stop using Chinese artificial intelligence products like DeepSeek, citing concerns about the potential transfer of sensitive data, and inquired about China's comments.Mao Ning stated that China has always opposed the generalization of the concept of national security and the politicization of technological and economic issues, and will firmly safeguard the legitimate rights and interests of Chinese enterprises. Previously, the U.S. government prohibited civilian agencies from using DeepSeek products.

According to foreign media reports, the Korea Composite Stock Price Index KOSPI fell sharply again after rebounding for two consecutive days, with a drop of up to 4.76% during trading on October 20, and it fell below 5500 points. The decline was attributed to rising U.S. Treasury yields and the weak performance of a data center company's first day of trading. Foreign investors reduced their holdings of Korean stocks, and institutional investors, including pension funds, also joined in selling.As of the time of writing, foreign investors had net sold 636.7 billion Korean won in the Korean securities market, while institutional investors net sold 467 billion Korean won, including financial investment institutions net selling 241.8 billion Korean won and pension funds net selling 159 billion Korean won. Individual investors net bought 838.8 billion Korean won, and other legal entities net bought 261.6 billion Korean won. Eugene Investment & Securities analyst Huh Jae-Hwan stated that this round of selling exhibited indiscriminate characteristics, with almost all stocks declining, and the market appeared very weak, with battery manufacturers that had led the rebound on Monday also experiencing a pullback.

According to The Block, investment bank StoneX reiterated its "buy" rating on Galaxy Digital (GLXY) and maintained a target price of $57.The agency believes that Galaxy's current valuation underestimates its AI data center business and does not actually take its digital asset business into account in the valuation. Market concerns are primarily focused on the rising borrowing costs of CoreWeave and the outstanding debt of $35.6 billion as of the end of June.

The Governor of the People's Bank of China, Pan Gongsheng, stated at the 2026 Financial Street Forum Annual Meeting that it will pilot further facilitation for foreign financial institutions to conduct RMB purchase and sale operations in the domestic foreign exchange market.The People's Bank plans to allow 8 domestic and foreign RMB offshore clearing banks to conduct proprietary trading in the domestic interbank foreign exchange market, promoting the integrated development of onshore and offshore markets.