Hashflow Implements New Fee Model With 50% of Revenue to be Distributed Monthly to HFT Stakers | Cryptocurrency Trends

1.Mainstream Exchange Trends:

• Binance to remove certain BUSD spot trading pairs.

1. November 3, 11:00 AM (GMT+8): 13 trading pairs, including CAKE/BUSD, COMP/BUSD, and CRV/BUSD.
2. November 3, 1:00 PM (GMT+8): 12 trading pairs, including MAGIC/BUSD, MASK/BUSD, and MKR/BUSD.

• Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC+8)

2.Cryptocurrency Trends:

• BC Technology Group's digital asset trading platform OSL, in conjunction with Harvest International Securities, plans to launch a tokenized retail fund product in Hong Kong.
• Payments giant PayPal successfully registers as a cryptocurrency service provider with the UK's Financial Conduct Authority (FCA).
• Crypto institutional lending protocol Maple Finance officially launches on the Base network, its third blockchain platform after Ethereum and Solana.
• The U.S. Federal Reserve will hold the interest rates steady in the current 5.25%–5.50% range, in line with m arket expectations.
• Hashflow implements new fee model with 50% of revenue to be distributed monthly to HFT stakers.
• Coinbase Financial Markets (CFM) announces that Coinbase Advanced users in the United States can now access regulated crypto futures.
• Onyx community leader Alex says he is aware of an attack on the protocol that resulted in around US$2.1 million of losses and that the vulnerability has been fixed and is being followed up with partners.
• Pyth Network, an oracle project, launches a retrospective airdrop to contribute to Pyth Network community members, the 27 blockchain apps using Pyth data, and individual users of those apps.

3.Financing Trends:

• Modulus Labs raises US$6.3 million in seed round funding with participation from Variant and 1Kx.
• According to RootData, there were 75 funding rounds in the crypto space in October 2023, with around US$426 million in funding, the lowest amount in the last four years and a 63% year-over-year decline.

4.Regulatory Trends:

• On November 1, the prosecutor in the SBF case claimed in closing arguments that Bankman-Fried was guilty of fraud and conspiracy to commit fraud.