Hourglass: The KYC link for the Stablecoin Deposit Event Phase 2 is scheduled to be released by tomorrow 7:59 AM.

On November 8th, based on data from Ultrasound.money, the net supply of Ethereum over the past 30 days increased by 74,298 ETH. The supply increased by approximately 84,069 ETH, and 9,770 ETH was burned through the burning mechanism. The total Ethereum supply has now reached 121,195,469 ETH, with a current supply growth rate of 0.747% per year.

On Friday, November 8th, Federal Reserve's Williams stated that the Fed's decision from last week to halt the reduction of its bond holdings might soon require the implementation of bond purchases to expand its balance sheet. Williams said, "The subsequent step in the balance sheet strategy will be to evaluate when the level of reserves transitions from its current state of being slightly above ample to being ample." He further added that once this occurs, "it will be the appropriate time to initiate a gradual process of asset purchases." Williams also indicated, "Given the recent persistent pressures in the repo market and other indications that reserves are shifting from being ample to being slightly above ample, I anticipate that we will soon reach an ample level of reserves." Some analysts expect the Fed to commence expanding its asset size through bond purchases in the first quarter of the next year. Williams cautioned that it is difficult to precisely determine the specific timi

November 8th. According to Cointelegraph, Faisal Mazhar, who is the Deputy Director of the Payment Systems Department of the State Bank of Pakistan, stated that with the help of the World Bank and the International Monetary Fund, a prototype of a central bank digital currency is currently being developed. The plan is to carry out a pilot phase before the full-scale implementation. In addition, Zafar Masud, the Chairman of the Pakistan Banks' Association (PBA), disclosed that the country is seriously considering issuing a stablecoin backed by the Pakistan Rupee. Furthermore, there will be efforts to strengthen the regulation of digital assets. Any delay in digital asset regulation may lead to missing out on an economic development opportunity worth up to $25 billion.

On November 8th, according to Coinglass data, within the past 24 hours, CEX has witnessed a net outflow of 336.27 BTC and has been maintaining an accumulation trend. The top three CEXs in terms of outflow volume are as follows: · Coinbase Pro, with an outflow of 1071.6 BTC; · Gemini, with an outflow of 959.21 BTC; · Bybit, with an outflow of 683.5 BTC. In addition, Binance saw an inflow of 2856.13 BTC and ranked first in the inflow list.

On November 8th, according to Farside's monitoring data, this week the US Ethereum spot ETF witnessed a total net outflow of $507.7 million.