The Bank of Japan will launch a stablecoin based on the Japanese yen for corporate payments

[U.S. Consumer Confidence Index Drops to Second Lowest in History] On November 8, KobeissiLetter released a market analysis stating that the U.S. Consumer Confidence Index has dropped to the second lowest level in history, below the 2008 low. Inflation expectations have worsened, U.S. economic growth has slowed, and recession risks have increased.

OKX-BTC/USDT is currently trading at $100976.20, with a 5-minute drop of 0.41%. Please be aware of the market fluctuations.

71% of traditional hedge funds plan to increase their investment exposure in Bitcoin and cryptocurrency assets within the next year. （Bitcoin Archive）

[RHEA Finance Completes Buyback of 2.5 Million RHEA Tokens and Issues First oRHEA Rewards] The lending market supporting privacy coin ZEC, RHEA Finance, has announced the completion of a buyback of 2.5 million RHEA tokens, following a previous buyback of 5 million RHEA tokens. Additionally, RHEA Finance issued its first oRHEA rewards yesterday, with exchanges to be conducted on a monthly basis.

Ripple announced the cancellation of its initial public offering (IPO) plan, despite receiving legal and new investor support, and completing a $500 million funding round, resulting in a company valuation of $40 billion. （Cointelegraph）