MicroStrategy Warning: If MSCI Excludes Crypto Reserves or Endangers National Security

The crypto market slipped to the lower end of its range after the Federal Reserve’s 25bps rate cut failed to spark fresh momentum.

[Mainland Enterprises' RWA Business Consultation Volume in Hong Kong Plummets Over 90% in Two Months] The consultation volume for mainland enterprises' RWA business in Hong Kong has plummeted by over 90% within two months, with most projects being required to be postponed. Seven industry associations jointly issued a risk warning, explicitly stating that member units are prohibited from participating in virtual currency and RWA token issuance and trading within the mainland. They emphasized that those who 'knowingly or should have known' will be held accountable, rejecting the 'overseas entity + domestic team' model. Regulators pointed out that no RWA tokenization activities have been approved and warned of risks such as false assets and speculative trading. The stock prices of companies involved in the RWA concept, such as Longshine Technology Group and GCL Energy Technology, have significantly retreated from recent highs.

The company sells BTC to secure cash for upcoming loan note obligations ahead of its planned uplisting.

[Paxos Has Applied to Become a Clearing Agency with the SEC] Paxos co-founder Chad Cascarilla stated that Paxos has applied to the SEC to become a clearing agency. This application would enable Paxos to directly hold bonds and stocks and issue them natively on-chain, allowing users to hold actual underlying assets rather than derivatives.

GameStop disclosed that it did not sell any Bitcoin in the third quarter and currently holds 4700 BTC. （The Bitcoin Historian）