Hyperliquid co-founder Jeff Yan stated that the platform's entry into the US market requires regulatory compliance through an independent operating entity built on top of the protocol. Hyperliquid's HIP-3 upgrade supports deployment in asset derivatives markets such as stocks, gold, and crude oil, and its ecosystem project, Trade.xyz, has surpassed $500 billion in cumulative trading volume. Intercontinental Exchange (ICE) has invested in Trade.xyz, and Yan is optimistic about the future growth potential of Real-World Asset Tokenization (RWA). (Source: Bloomberg)

ZachXBT points out that the European institutions suspected of being attacked have also been found to have made over $27 million in abnormal withdrawals from centralized trading platforms, bringing the total amount involved in the incident to over $133 million. ZachXBT questions whether the institutions involved covered up the incident, resulting in the laundering of over $30 million, which EU law enforcement agencies originally had the opportunity to freeze.

Investors and tech companies are seeking hedging against debt defaults and falling computing power prices through derivatives such as options and CDS. The cost of debt default protection for Amazon, Alphabet, Microsoft, Meta, and Oracle has risen to its highest level since 2021. Popular CoreWeave trades include put options expiring in 2028 with a strike price of $35, while the stock price is around $55. Jump Trading has established a computing power trading division to help clients hedge against the risk of falling computing power prices. The Silicon Data index shows that Nvidia B300 chip leasing prices have risen approximately 56% this year to $7.56 per hour (Source: Wall Street Journal).

European Central Bank Governing Council member Radev stated that the pause in interest rate hikes in October does not signify the end of the tightening cycle.

South Korean President Lee Jae-myung, speaking at a cabinet meeting on November 3, addressed the recent multi-billion dollar cryptocurrency theft at Binance, calling for the establishment of an intergovernmental cybersecurity coordination agency to coordinate security efforts across the public and private sectors. Lee stated that the existing security system has limitations and a proactive prevention mechanism must be established. South Korea's National Intelligence Service has already conducted emergency security checks on more than 2,100 central and local government departments and public institutions. (Source: Reuters)