[Hong Kong Secretary for Justice: Issuance of fiat-backed stablecoins requires licensing] Hong Kong Secretary for Justice Paul Lam Ting-kwok stated that in recent years, stablecoins pegged to fiat currencies have developed rapidly. Anyone issuing fiat-backed stablecoins or stablecoins claiming to be pegged to the value of the Hong Kong dollar in Hong Kong must apply for a license from the Financial Authority. Issuers must comply with regulations on reserve asset management, redemption, and more, including properly segregating client assets and maintaining a sound stability mechanism.

[Trump Says He Won't Let the Fed Raise Interest Rates, Expects 4% GDP Growth Next Quarter] On October 29, U.S. President Trump stated that by the end of his second term, an estimated $21 trillion to $22 trillion in investments would flow into the United States. He emphasized that he would not let the Federal Reserve raise interest rates and predicted 4% GDP growth for the next quarter. Additionally, Trump expressed hopes for the U.S. to hold a significant position in the chip industry.

[Trump Clearly States Opposition to Fed Rate Hikes] U.S. President Trump stated that he would not allow the Federal Reserve to implement rate hike policies. This statement could have a significant impact on market expectations and the direction of monetary policy.

[BNB Chain Completes Third Batch of $45 Million BNB Airdrop Plan] BNB Chain has completed the distribution of the third batch of BNB rewards under the $45 million 'Rebirth Support' plan. The rewards have been sent to a new batch of eligible wallet addresses. This airdrop was conducted in collaboration with fourdotmemezh and supported by PancakeSwap, Binance Wallet, and Trust Wallet. The plan consists of four batches, with the final batch expected to be completed in early November 2025. The official statement emphasized that there are no claim websites or forms for this airdrop, and rewards will be automatically sent to eligible wallets.

[Trump Expresses Satisfaction with Extension of Tariff Truce with Mexico] On October 29, U.S. President Trump stated that the extension of the tariff truce announced by Mexican leaders on Tuesday is a positive move, as Mexico has paid a significant amount of tariffs, benefiting the United States. Speaking aboard Air Force One, Trump praised the smooth progress of the extension agreement and noted that the U.S. has received substantial tariff revenue. The Mexican president previously announced that the U.S. would extend the deadline for the trade agreement reached with Mexico by several weeks. Trump did not specify the exact duration of the extension but mentioned that the current tariff rates are helping to attract the automotive manufacturing industry back to the United States.