Mainstream CEX Stablecoin Demand Yield Roundup: HTX Platform Offers 10% Yield on Both USDC and USDT

According to HTX market data, SOL has fallen below $90, with a 24-hour decline of 6.3% and an intraday low of approximately $88.4.

According to Bitget market data, the Nikkei 225 index closed down 3,666.99 points on Friday (November 6), a 6.00% drop, to 57,410.91 points. The index has fallen more than 20% from its June closing peak, confirming it has entered a technical bear market. South Korea’s KOSPI index closed down 324.15 points, a 6.02% decline, to 5,059.65 points. The index fell more than 8% in early trading, breaking below the 5,000-point mark and triggering a circuit breaker for the 11th time this year. The South Korean government subsequently held an emergency meeting to review market conditions, after which the decline in Korean stocks narrowed. South Korea’s KOSDAQ index closed down 5%; SK Hynix fell more than 10%, and Samsung Electronics dropped 6.35%.

Galaxy Digital CEO Michael Novogratz has purchased 760,000 Class A shares of the company via Galaxy Group Funding ECI U LLC, with the total transaction value reaching approximately $9.9 million, translating to an average purchase price of around $12.98 per share. According to a Form 4 filing submitted to the U.S. Securities and Exchange Commission (SEC), the acquisition was split into two tranches: 528,757 shares at a weighted average price of $12.694, and 231,243 shares at a weighted average price of $13.632. Prior to this purchase, Galaxy’s stock fell roughly 7% on the Nasdaq on November 5 to hover near $13, after a ~17% drop the previous session, and down about 41% from its October 6 closing price. Amid this share purchase, Galaxy’s board of directors has approved an additional $200 million stock repurchase program; as of the third-quarter earnings disclosure date, the company had repurchased 9.8 million shares. Additionally, Galaxy’s adjusted EBITDA for its data center business reached $69 million in Q3, a sharp increase from $11 million in the second quarter.

U.S. October unemployment rate data will be released at 21:30 Beijing time. Here are institutional forecasts: - 4.1%: BNP Paribas, Capital Economics, Danske Bank, High Frequency Economics, Barclays, JPMorgan, Nomura Securities, UBS Group - 4.2%: ABN AMRO, Morgan Stanley, ANZ Bank, Bank of Montreal, Berenberg, Bank of America Merrill Lynch, Jefferies Group, Citigroup, Commerzbank, Daiwa Capital Markets, Goldman Sachs, Commonwealth Bank of Australia, HSBC Holdings, ING Group, Sumitomo Mitsui Banking Corporation, Deutsche Bank, National Bank of Canada, Pantheon Macroeconomics, Standard Chartered, Stifel, Spartan Capital, Allied Irish Banks, TD Securities, Wells Fargo, Reuters consensus - 4.3%: Mizuho Securities, Westpac Banking Corporation

The U.S. October non-farm payrolls data will be released at 21:30 Beijing time tonight. Institutional forecasts for the reading are as follows: 1. ABN AMRO: +35,000; Jefferies Group: +40,000; Mizuho Securities: +40,000; TD Securities: +40,000; Spartan Securities: +48,000 2. High Frequency Economics: +49,000; Barclays: +50,000; Julius Baer: +50,000; Moody's: +50,000; U.S. Bancorp: +50,000 3. Deutsche Bank: +55,000; Monex: +55,000; Bank of Montreal: +60,000; Commerzbank: +60,000; HSBC Holdings: +60,000 4. Morgan Stanley: +60,000; Stifel: +60,000; Sumitomo Mitsui Banking Corporation: +63,000; Citigroup: +65,000; DekaBank: +65,000 5. UBS Group: +65,000; Wells Fargo: +65,000; Australia and New Zealand Banking Group: +70,000; Berenberg Bank: +70,000; Capital Economics: +70,000 6. BNP Paribas: +70,000; Danske Bank: +70,000; Bank of America Merrill Lynch: +75,000; Fifth Third Bank: +75,000; JPMorgan Chase: +75,000 7. Goldman Sachs: +75,000; Société Générale: +75,000; ING Group: +75,000; Nomura Securities: +80,000; National Bank of Canada: +90,000 8. Standard Chartered: +90,000; DBS Bank: +100,000; Pantheon Macroeconomics: +100,000; Scotiabank: +100,000; Reuters consensus: +65,000

As the sell-off in AI stocks intensifies and spreads to credit markets, SoftBank Group led declines in Asian dollar bonds on Friday. Data shows SoftBank’s dollar bonds maturing in 2032 fell 0.9 cents on Friday, marking their largest single-day drop in 10 weeks. SoftBank’s bonds are among the worst-performing in Asia, while its stock price slumped as much as 16%. Earlier, credit default swap (CDS) prices tied to some U.S. firms hit by the AI sell-off surged sharply. Traders noted that spreads on Asian dollar bonds widened by at least 3 basis points. Friday’s declines extend the repricing already underway in global credit markets. The AI boom drove companies to borrow heavily, pushing up financing yields. The sell-off has also added fresh pressure to the global economy. On Thursday, the average spread on Asian investment-grade dollar bonds rose to 73 basis points, the highest level since July 2025. However, the sell-off in credit markets remains less severe than that in equities.