The Monetary Authority of Singapore plans to promote a secure tokenization financial ecosystem, launching a pilot for tokenized note issuance next year and developing regulatory legislation for stablecoins. The director stated that asset-backed tokens have not yet reached a mature stage, while also supporting the exploration of tokenized bank liabilities and stablecoin settlement projects.

ChainCatcher 消息，据金十报道，美联储博斯蒂克宣布，他计划在明年二月他的当前任期结束时退休。博斯蒂克于 2017 年开始担任亚特兰大联储主席，是首位领导地区联储银行的非裔美国人。他今年一直关注通胀风险，敦促同事们在降低利率时保持谨慎，并警惕关税的潜在影响。虽然他没有对货币政策决定进行投票，但支持美联储在九月和十月的两次降息。

Odaily Planet Daily reports that the Atlanta Federal Reserve announced that its chairman, Bostick, plans to retire when his term ends on February 28 next year. Cheryl Venable will serve as acting chair. (Jinshi)

ChainCatcher News: American mining hardware manufacturer Auradine will release the next-generation Teraflux Bitcoin mining equipment in 2025, with an energy efficiency as low as 9.8 Joules per terahash (J/TH), approaching industry-leading levels. The new series includes air-cooled, water-cooled, and immersion-cooled models, with the water-cooled version reaching a hash rate of 900 TH/s. Auradine emphasizes the advantages of its design and manufacturing being based in the United States, reducing reliance on overseas supply chains. The company has secured over $300 million in funding and plans to deliver prototypes in Q2 2026, with mass shipments in Q3, while also upgrading its

Dutch International Group analyst Chris Turner stated that the Federal Reserve is expected to further cut interest rates by 75 basis points, which could lead to a decline in the US dollar due to reduced hedging costs, increasing investors' hedging ratio on dollar assets. The euro is expected to rise to 1.22 by 2026.

BlockBeats News, November 12th, Morgan Stanley released a stock price analysis for Tesla over the next 6-12 months, stating that besides Elon Musk's $1 trillion compensation plan, several factors will influence Tesla's stock price in the coming year: - xAI Association: Tesla's relationship with Musk's AI startup xAI is crucial both financially and strategically, as they share data and software synergy; - Full Self-Driving (FSD): Musk claims that version 14.3 will allow drivers to "send texts while driving," marking a significant milestone in algorithmic driving; - Chip Manufacturing: Musk hinted that Tesla might build its own chip factory to ensure AI supply and strengthen vertical integration; - AI Network Vision: Tesla could convert idle vehicles into a distributed AI cloud, forming a massive "cluster" intelligent network. Morgan Stanley states

PANews November 12 News, according to U.S. media reports, Yann LeCun, a French-American scientist known as one of the "Godfathers of AI," will leave Meta after working there for 12 years to start his own AI company. LeCun has long been known for his critical perspective, considering the current industry hype around large language models (LLMs) as an "irrational obsession." He pointed out that the true path to surpassing human intelligence is not through chatbots, but through "world models"—AI systems capable of learning about the real world through video, spatial, and sensor data. LeCun emphasized that this kind of cognition training based on the physical world is key to artificial general intelligence (AGI). This view is also supported by former Stanford professor and "AI godmother" Fei-Fei Li, who believes that the next frontier of AI is "spatial intelligence." She argues that LLMs "are eloquent but lack experience," making it difficult for them to truly understand the world.

Goldman Sachs strategists expect US stocks to perform poorly over the next decade, with an annual return of only 6.5%, highlighting the need to focus on emerging markets and global markets. Analysis indicates that emerging markets could yield returns of 10.9%, with growth in China and India driving the gains.

JPYC is Japan's first officially licensed Japanese Yen stablecoin issuer, planning to invest 80% of its issuance revenue into government bonds to fill the gap caused by the Bank of Japan slowing down bond purchases. Currently, the issuance volume is approximately $930,000, with a target of reaching $66 billion in the next three years.

Gold Ten Data, November 12 — According to U.S. media reports, U.S. President Donald Trump has written to Israeli President Isaac Herzog, urging him to exercise his legal pardon authority for Prime Minister Benjamin Netanyahu, who faces charges of bribery, fraud, and breach of trust. Although Trump previously called for Netanyahu’s pardon, including during a speech to the Israeli Knesset last month, this is the first known letter he has sent to Herzog on this matter. Retired Israeli law professor Frances Raday (who has litigated before the Israeli Supreme Court) stated, “This shows great disrespect for the Israeli judicial system.” Netanyahu, the country’s longest-serving leader, is expected to call elections next year. According to Israeli law, if a prime minister is convicted of crimes involving “moral turpitude” and all appeals are exhausted, his term will automatically end. The government will then become a caretaker government until a new government is sworn in.

Japanese Foreign Minister Toshimitsu Motegi and UK Foreign Secretary James Cleverly held their first talks on the 11th. Both sides agreed to strengthen economic security cooperation, emphasized the importance of the rule of law and free trade, and discussed topics such as the joint development of next-generation fighter jets among Japan, the UK, and Italy.

PANews November 12th News, Sonic Labs CEO Mitchell Demeter shared the project's next phase plans on the X platform. Demeter stated that Sonic currently has sufficient funding, with no liquidity concerns, and possesses the resources needed to execute long-term plans. In this development phase, Sonic will be driven by practical use cases, clear economic benefits, and continuous delivery of results, rather than speculative activities. Additionally, Sonic plans to improve its tokenomics to achieve deflation and intends to introduce a new layered fee monetization (FeeM) structure, with reward levels ranging from 15% to 90%. Of this, 10% will be allocated to validators, while the remaining portion will be burned. This initiative aims to reward actual usage and network activity while promoting deflation. Sonic is also advancing plans to establish an office in New York City to

Jin10 Data, November 12th — On November 11th local time, it was reported that the Trump administration has officially determined that the current funding source of the Consumer Financial Protection Bureau is illegal. This move means that the agency will shut down after exhausting its existing funds in the coming months. Court documents disclosed on the evening of the 10th revealed this decision. The documents show that the Trump administration has concluded that laws prohibit the Consumer Financial Protection Bureau from seeking additional funds from the Federal Reserve, which is the agency’s usual funding source. In the submitted documents, the Consumer Financial Protection Bureau stated that its funds could last at least until the end of this year, but it is "expected to run out of existing funds in early 2026." Unless Congress passes a new appropriations bill, the Consumer Financial Protection Bureau will face a funding shortfall starting next year, potentially preventing it from carrying out necessary activities.

U.S. federal prosecutors plan to re-try two MIT graduates, James and Anton Peraire-Bueno, who were accused of stealing $25 million in cryptocurrency. The earliest scheduled trial date is set for February next year.

Capybobo launches doll clothing blind boxes, drawing inspiration from the Pop Mart model, combined with the PYBOBO token to achieve wealth leaps. It uses a transparent rarity system and airdrop incentives to enhance liquidity, aiming to serve a 48 billion yuan market, with a recent launch.

Wintermute stated that the market has become more balanced after intense volatility. Cryptocurrency performance remains poor, but there are signs of venture capital returning. The DePIN, L2, and AI sectors rebounded, though market breadth is limited. Mainstream cryptocurrencies like Bitcoin need to lead the rebound but have not yet triggered it. The market structure is clear, and the macro environment is favorable. The next wave of volatility may stem from policy and political factors.

The U.S. Small Business Confidence Index declined to 98.2 in October, the lowest in six months, primarily due to worsening profitability and diminished optimism. Although the report shows relatively optimistic hiring challenges, the outlook for activity improvement over the next six months has fallen to 20%.

Foresight News reports that digital asset management company Farm Capital tweeted that its on-chain yield strategy product mFARM has borrowed 1.09 million USD from the Silo sUSDX·USDC market (Arbitrum platform ID 127) and is currently unable to withdraw. In the worst-case scenario, this 1.09 million USD could become a bad debt, resulting in a total loss. The team is actively seeking the recovery of the sUSDX market and will do its best to recover the funds. Farm Capital will bear over 50% of the bad debt, some of which has already been transferred through OTC trades. The price of mFARM will be updated within the next 48 hours, after which redemptions will resume normally. Users looping mFARM/USDC on Euler or Morpho should pay attention to the health factor and liquidation price.

Jin10 Data, November 10th: Japanese Prime Minister Fumio Kishida's goal is to use his first stimulus package to kickstart the economy and initiate a new growth strategy through investments. According to a document released after the first meeting of an expert panel responsible for developing Japan's new economic growth strategy by next summer, the panel recommends that the Prime Minister leverage this plan to launch efforts to establish robust growth through "crisis management investments and growth investments." The expert panel stated that the government should focus on investing in 17 sectors that Kishida considers vital to Japan's economic growth. These sectors include semiconductors and artificial intelligence, shipbuilding, the defense industry, and critical minerals. Kishida has signaled a shift toward more expansionary fiscal policies and has indicated that Japan is only halfway to achieving stable inflation supported by wage growth. This suggests that he wants the Bank of Japan to remain cautious as it gradually raises interest rates. He also emphasized his commitment to implementing both responsible and expansionary fiscal policies.

UBS report indicates that the growth of U.S. debt will lead long-term Treasury investors to demand higher term premiums, causing the yield curve to steepen again. However, the ten-year Treasury yield is expected to decline due to Federal Reserve rate cuts, falling to 3.50% next year and rising back to 4% by the end of 2026.

Gate News Bot message, November 10th, according to CoinMarketCap data, as of press time, STRK (Starknet) is trading at $0.20, up 41.94% in the last 24 hours, with a high of $0.20 and a low of $0.10. The current market capitalization is approximately $917 million, an increase of $271 million from yesterday. Recent important news about STRK: 1️⃣ **StarkWare Deploys S-two Prover, Significantly Enhancing Network Performance** StarkWare has deployed the next-generation open-source S-two prover on the Starknet mainnet. This is currently the fastest proof system in production with the strongest privacy protection capabilities. This upgrade reduces proof generation time and verification costs while increasing the network's throughput and scalability. S-two generates zero

Citigroup Investment Research forecasts that the composite yield of Japanese government bonds over the next 30 years will fluctuate between 3% and 3.2%, with a reduction in issuance size supporting ultra-long-term bonds. It is expected that the issuance of 20-year and 30-year bonds will decrease by 100 billion yen each time, and the issuance of 40-year government bonds will slow down next year.

ZKasino founder Derivatives Monke posted on the X platform that approximately 35% of ETH refund requests from ZKasino bridging users have been processed, involving around 2,500 addresses. Users can check their ETH on zkSync Lite or zkSync Era. Due to high Ethereum Gas fees, refunds are being processed through the aforementioned networks. Next week, an additional 40% of requests are planned to be processed, bringing the total to 75%. For large withdrawals, KYC and other procedures will be required.

Derivatives Monke on the X platform has processed 35% of ZKasino ETH withdrawal requests, involving 2,500 addresses. Users can check ETH on zkSync; due to high gas fees, withdrawals are conducted via the zkSync network. Next week, they plan to process 40% of the requests. Large withdrawals require KYC procedures.

Hardware wallet manufacturer Ledger plans to raise more funds next year, possibly through an IPO or private placement. Currently, the company's performance is excellent, with revenue reaching hundreds of millions of dollars in 2025 and a valuation of 1.5 billion dollars.

Gate新闻机器人消息，未来一周将有七种加密货币代币进行重大解锁，总价值超过$142 百万。 最大解锁的是$PUMP 代币，价值4157万美元，其次是Aptos ($APT)，价值3633万美元。Strike ($STRK)排名第三，价值1891万美元，

Liquid Capital founder Yi Lihua predicts ETH will rise to $7,000, believing that mid-term elections and money printing will drive a bull market. He points out that current market conditions are favorable and advises patience for the next bull run, suggesting to avoid contracts and focus on spot trading. Additionally, he mentions that people need to overcome the psychology of rushing for quick gains.

Next week will feature several important macroeconomic data releases and Federal Reserve officials' speeches, including US CPI data, retail sales, and more. Additionally, the government shutdown deadlock remains unresolved, which could impact market reactions.

Analyst Murphy pointed out that the investor confidence index is approaching emotional lows. If BTC does not experience a significant rebound, a signal will be triggered next week. Short-term traders without positions may face the best opportunity. Past data shows a major trend between the red panic zone and the optimism zone. The current market sentiment is fluctuating and has not yet formed a consensus direction.

PANews November 9th News, Coinbase Institutional stated in its monthly outlook report that although the crypto market remains shrouded in panic, the liquidation events in October are more likely to indicate a strong medium- to long-term rebound rather than weakness, laying a solid foundation for gains in the fourth quarter. However, a comprehensive market stabilization may take several months, and in the near term, a slow upward trend is more likely than a surge to new all-time highs. The report mentioned that current leverage levels have improved, but liquidity gaps still exist. Capital is rotating, and savvy funds are gathering around EVM chains, RWA, and yield protocols—indicating that investors are engaging in selective risk reinvestment rather than withdrawal. Macro risks still exist, but structural demand is strengthening. Coinbase ultimately believes this is the bottoming phase before the next rally.

Rivian announced on Friday that it has designed a compensation package of up to $4.6 billion for CEO RJ Scaringe, tied to profitability and stock performance over the next ten years, including options and multiple performance metrics.

Gate News Bot message, November 7th, according to CoinMarketCap data, as of press time, MMT (Momentum) is trading at $0.57, down 0.16% in the past 24 hours, with a high of $4.16 and a low of $0.33. The current market capitalization is approximately $116 million. Momentum is a financial operating system built for a tokenized future. It aims to power the next era of global finance, where assets are tokenized, seamlessly connected, and tradable on a single platform. Momentum's flagship products include DEX, automated yield vaults, liquidity staking, and Momentum X. The platform is dedicated to integrating fragmented assets into a unified ecosystem. Recent important news about MMT: 1️⃣ **Gate Global Launch**

Gate News Bot message, November 7th, according to CoinMarketCap data, as of press time, WLFI (World Liberty Financial) is currently priced at $0.12, down 1.35% in the past 24 hours, with a high of $0.14 and a low of $0.11. The current market capitalization is approximately $2.873 billion, a decrease of about $39.239 million from yesterday. WLFI is the native token of World Liberty Financial, designed to connect traditional finance with the open economy and offer specialized on-chain products. WLFI holders can influence the platform's future development through proposing, reviewing, and voting. World Liberty Financial is developing next-generation core financial products for both institutions and individuals, including an upgraded version.

Gate News Bot message, November 7th, according to CoinMarketCap data, as of press time, DOT (Polkadot) is trading at $2.85, up 9.16% in the past 24 hours, with a high of $3.01 and a low of $2.36. The 24-hour trading volume reached $413 million. The current market capitalization is approximately $4.652 billion, an increase of $390 million from yesterday. Polkadot is the most scalable, secure, and resilient blockchain platform, designed to drive large-scale adoption of Web3. As the secure and powerful core of the next-generation internet, Polkadot provides developers with all the necessary tools to launch custom blockchains or their ideal decentralized applications within minutes. The platform hosts the world's largest decentralized autonomous organization, (DAO), shaping the next generation of Web3.

Renowned crypto analyst @IamCryptoWolf stated that the worst period in the market has passed, and a consolidation phase is upcoming, followed by a potential recovery. Although he warned that Ethereum might drop to $3,400, the actual lowest was $3,057.

Gate News Bot Report: As of November 7th, according to CoinMarketCap data, USDX (Stables Labs (USDX)) is currently priced at $0.82. This represents a 17.57% decline over the past 24 hours. The highest price reached was $1.00, while the lowest dipped to $0.53. The 24-hour trading volume is approximately $399,600. Stables Labs is a next-generation stablecoin infrastructure provider focused on creating a decentralized, bankless stablecoin issuance ecosystem. By bridging the gap between DeFi, CeFi, and TradFi, Stables Labs aims to redefine financial stability and accessibility to yields. Its core is the Smart Stability System (SSS), which offers innovative stablecoin solutions with enhanced scalability.

Berachain is expected to launch the fund recovery claim page early next week to help users affected by the Balancer v2/BEX vulnerability recover their losses. Approximately 96% of the funds are recoverable, with the remaining 4% set to be unlocked next week. They also plan to implement a hard fork at the virtual machine level to enable a recovery mode.