Justin Sun: Li Lin Once Concealed Due Diligence Materials, I Lent the Company $30 Million to Fill the Gap

California's financial regulators warned that a federal proposal could weaken protections for investors participating in high-risk crypto asset offerings. The California Department of Financial Protection and Innovation (DFPI) publicly expressed opposition to the Crypto Asset Regulation Rule after submitting a comment letter to the U.S. Securities and Exchange Commission (SEC). Federal securities laws still reserve states the authority to investigate fraud, deceptive practices, and violations by brokers or dealers. California’s core objection is that federal-level restrictions on state-level registration and qualification review requirements could deprive states of their regulatory tools for pre-screening high-risk projects.

According to Coinglass data, Coinbase’s Bitcoin Premium Index has posted negative readings for 33 consecutive days, with the latest figure at -0.1259%, pointing to sustained weak purchasing power in the U.S. market. The Coinbase Bitcoin Premium Index tracks the gap between Bitcoin prices on the platform and the global average market price. A negative premium usually signals heavy selling pressure in the U.S. market, falling investor risk appetite, rising market risk aversion, or capital outflows.

According to Bitget's market data, the Hang Seng Tech Index extended its intraday decline to 1%, while the Hang Seng Biotech Index rose 1%.

According to BNB Chain's official documentation, the new Layer 1 (New L1) it is developing is a high-performance EVM-compatible Layer 1 built for low-latency on-chain activities, with features including sub-second finality, native account abstraction, transaction pre-confirmation, multi-channel reserved capacity, and on-chain privacy pools. CZ responded to this, stating: "Multiple chains, one token."

SK Hynix stated that it is considering multiple shareholder return policies and has not made any decisions yet.

Below are the key market events to watch this week (all times Beijing): Thursday 02:00: U.S. Federal Reserve FOMC announces interest rate decision; Thursday 02:30: Fed Chair Waller holds monetary policy press conference; Thursday 20:30: U.S. Q3 real GDP annualized advance quarterly rate, U.S. September core PCE price index YoY, U.S. September PCE price index YoY, U.S. initial jobless claims for the week ending Oct 24, U.S. September personal spending MoM; Thursday 21:15: European Central Bank (ECB) announces interest rate decision; Thursday 21:45: ECB President Lagarde holds press conference; Friday: Bank of Japan (BOJ) announces interest rate decision; Friday 14:30: BOJ Governor Kazuo Ueda holds press conference. U.S. stocks will enter the busiest week of the current earnings season, with roughly one-third of S&P 500 components set to report results. Microsoft and Alphabet will kick off the earnings releases after U.S. markets close this Wednesday, followed by Amazon after Thursday’s market close.