[Trump Considers Nominating Besent for Federal Reserve Chair Position] U.S. President Trump stated that he highly appreciates the performance of U.S. Treasury Secretary Besent, describing his efforts in calming the markets as 'exceptional.' Trump revealed that he is considering nominating Besent to take over the position of Federal Reserve Chair, but Besent himself has no interest in the proposal.

On-chain analytics platform Lookonchain has detected that 'Machi Big Brother' has deposited an additional 220,000 USDC into Hyperliquid to increase long positions in ETH and HYPE. The current holdings include 3,300 ETH (approximately $13.58 million) and 101,000 HYPE (approximately $4.78 million).

[Stablecoin Startup ZAR Secures $12.9 Million in Funding Led by a16z] Stablecoin startup ZAR has completed a new round of financing, raising $12.9 million, led by a16z, with participation from Dragonfly Capital, VanEck Ventures, Coinbase Ventures, and Endeavor Catalyst. ZAR plans to test a USD-backed digital currency using mobile kiosks, convenience stores, and currency agents in Pakistan. Earlier this year, ZAR launched its platform, allowing users to exchange cash for digital dollars by scanning QR codes and use them in stores. Its wallet is linked to a globally accepted Visa card.

[Aptos Labs, BCG, and Hang Seng Bank Complete 'Digital Hong Kong Dollar+' Pilot Study] On October 28, Aptos Labs and Boston Consulting Group (BCG) jointly released the 'Hong Kong Digital Currency and Tokenized Asset Survey' report, covering over 500 retail fund investors. The survey revealed that 61% of retail investors in Hong Kong and Mainland China plan to double their allocation to tokenized funds, driven by the benefits of tokenization technology, including higher liquidity, transparency, 24/7 trading, and programmability. The report also identified allocation changes among four types of investor groups: active traders in Hong Kong plan to increase from 10% to 26%, high-net-worth individuals from 5% to 16%, long-term investors from 8% to 25%, and Mainland Chinese investors from 11% to 24%. Additionally, the report summarized the results of the second phase of the 'Digital Hong Kong Dollar+' pilot conducted by Aptos Labs, BCG, and Hang Seng Bank in collaboration with the Hong Kong Monetary Authority. The study validated key functionalities of digital currency in tokenized fund settlements, including instant atomic settlement, built-in compliance, and cross-border efficiency.

[Paypal and OpenAI Reach Cooperation, Supporting ChatGPT Payment Function] Paypal (PYPL.O) has signed a cooperation agreement with OpenAI, becoming the payment wallet for ChatGPT. This agreement will enable users to complete payment operations within ChatGPT through the Paypal platform, further expanding the commercialization scenarios of artificial intelligence applications.