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MicroStrategy’s stock is no longer closely tracking Bitcoin’s price, marking a potential turning point for the company’s Bitcoin-driven strategy. New competitors and market changes threaten to erode the unique financial model that has allowed MicroStrategy to accumulate Bitcoin at scale.
Ethereum's recent dip has led to widespread liquidations, with millions lost in the process. However, institutional investors are capitalizing on the market downturn, purchasing significant amounts of ETH, suggesting long-term confidence in the asset.
Share link:In this post: Wyoming launches the Frontier Stable Token (FRNT), becoming the first U.S. state to issue a blockchain-based stablecoin. FRNT is backed by US dollars and Treasuries, with reserve interest funding Wyoming’s School Foundation Fund. The token debuts across seven blockchains, supported by partners including LayerZero, Fireblocks, and Franklin Advisers.
Share link:In this post: Google’s proposal will allow Android developers to direct users to external sites for payments. It is also proposing to slash its first-year developer fee from 10% to 3% under the new program. Brussels has accused Google of unfair restrictions and could impose multibillion-euro fines.
Share link:In this post: Xpeng posts record quarterly revenue as deliveries surge despite price war. Net loss narrows to five-year low, helped by cost cuts and new models. The carmaker expects revenue to almost double in the third quarter on strong demand.
- 05:53Paul Chan: Stablecoins are not for investment or speculation; licenses will only be granted to applicants with robust and genuine use casesBlockBeats News, November 3, Hong Kong Financial Secretary Paul Chan stated at Hong Kong Fintechweek 2025 that Hong Kong's financial regulators shoulder a dual mission: regulation and promoting market development. While encouraging innovation, it is also necessary to ensure the real applicability of digital asset regulation, investor protection, and financial stability. Whether it is for digital asset trading platforms or stablecoins, we adhere to the principle of "same activity, same risk, same regulation." In particular, our regulatory approach to stablecoins is clear: stablecoins are not for investment or speculation, but to facilitate cost reduction, cross-border transactions, and real economic activities. This is why, under the licensing regime, approval for stablecoin licenses is only granted to applicants with a sustainable and robust business model and real use cases.
- 05:52"Machi's" 25x ETH long position and 10x HYPE long position were partially liquidated during the recent downturn.BlockBeats News, November 3, according to monitoring by Onchain Lens, "Maji"'s 25x ETH long position and 10x HYPE long position have been partially liquidated. As of press time, the total amount of "Maji"'s perpetual contract positions has dropped to $6.33 million.
- 05:45Cobie: Whether Bitcoin's returns are diminishing remains uncertain, but the difficulty and risk of trading altcoins will continue to rise.ChainCatcher News, crypto KOL Cobie tweeted that it is still uncertain whether bitcoin will continue to provide diminishing returns, but trading altcoins (on average) will become increasingly difficult and dangerous, which is an irreversible trend. The reasons include: Fierce and increasingly sophisticated competition among buyers, while conviction is decreasing; Mainly traded through perpetual contracts and leverage; Market caps are by default overestimated and heavily diluted; At launch, FDV captures all optimistic sentiment, ignoring price and valuation; Excessive price discovery in pre-market trading leads to insecurity. In 2017, buyers bought spot and held for weeks or months, as conviction was strong and they increased positions during the rally, with early low valuations being effective. In 2025, buyers purchase via perpetual contracts, do not check valuations, and sell when profits turn negative or are forcibly liquidated. However, altcoins are still the best field for smart people to achieve high returns, where skill expression and asset selection are more important, and patience to enter the market "early" is more rewarded in liquid markets.