[Reserve Bank of Australia Keeps Interest Rate Unchanged at 3.6%, Raises Core Inflation Forecast] On November 4, the Reserve Bank of Australia (RBA) announced that it would keep the cash rate unchanged at 3.6% and projected that the core inflation rate would accelerate to 3.2% by the end of this year, higher than the current 3%. Core inflation is expected to remain above the target range of 2% to 3% until mid-2026 and may only drop to 2.6% by the end of 2027. The RBA noted that stronger-than-expected consumer demand and rising housing prices have limited the room for further rate cuts. At the same time, robust economic growth, persistent inflation, and a tight labor market indicate limited potential economic capacity. This year, the RBA has already cut rates three times in February, May, and August.

[Tether CEO Says Engineering Team Has Made Significant Progress in Multiple Technological Fields] Tether CEO Paolo Ardoino stated that the engineering team made significant progress last week in QVAC (Tether's AI development platform), WDK (open-source toolkit), and BCI/AI (brain-computer interface/artificial intelligence), and plans to share some of the latest updates in the coming days.

[Bitcoin Mining Hashrate Hits Record High in October, Miners' Profits Under Pressure] In October, Bitcoin mining hashrate reached a historic high of 1.13 EH/s, indicating increased participation in mining. However, factors such as rising block difficulty, higher energy prices, and $19 billion in liquidations have squeezed miners' profits. Daily revenue per EH/s dropped by 7% compared to September, falling from $52,000 to $48,000. Meanwhile, the decline in Bitcoin price has reduced miner rewards, with Hashprice dropping nearly 12% this month.

[MEXC Unfreezes Trader's Account with $3 Million in Funds, Trader Announces Full Donation] MEXC Chief Strategy Officer Cecilia Hsueh publicly apologized to crypto trader 'The White Whale' and confirmed that over $3 million in funds from their account had been unfrozen. 'The White Whale's account was frozen in July due to 'risk control,' and the trader had been protesting since August while being required to complete offline KYC. The trader announced that all recovered funds would be donated, with half distributed to early supporters through an NFT event and the other half allocated to verified nonprofit organizations. Plans include launching an airdrop claim mechanism and a community voting system.

Long traders accounted for nearly 90% of the liquidations, with $1.14 billion in bullish bets erased.