Institution: Fed Rate Cut and Balance Sheet Reduction Combo or Market Risk Appetite Boost

On October 28th, Aptos Labs and the Boston Consulting Group (BCG) jointly presented the "Hong Kong Digital Currency and Tokenized Asset Survey" report. This survey encompassed more than 500 retail fund investors. Among them, 61% of retail investors in Hong Kong and mainland China expressed their intention to more than double their allocation to tokenized funds. They were primarily attracted by the higher liquidity, transparency, 24/7 trading, and programmability offered by tokenization technology. Meanwhile, the research further identified four typical investment groups. Hong Kong active traders anticipate increasing their allocation to tokenized funds from 10% to 26%. High-net-worth individuals plan to increase from 5% to 16%. Long-term investors aim to rise from 8% to 25%. And mainland investors plan to increase from 11% to 24%. The report also summarized the participation of Aptos Labs, BCG, and HSBC in the Hong Kong Monetary Authority's "e-Hong Kong Dollar+" second-phase pilot. I

On October 28th, according to a report by CNBC, Paypal (PYPL.O) has reached an agreement with OpenAI to become the payment wallet for ChatGPT. Additionally, the two parties will collaborate to introduce instant settlement functionality. In response to this news, Paypal (PYPL.O) saw a 13.5% surge in pre-market trading. (Golden Finance)

October 28th. As per CoinDesk, the prediction market platform Kalshi filed a federal lawsuit against the New York State Gaming Commission on October 28, 2025. It is challenging the state's ban on its sports-related contracts. Kalshi, being a CFTC-registered Designated Contract Market (DCM), maintains that under the Commodity Exchange Act, the CFTC has "exclusive jurisdiction" over derivatives traded on federal regulatory exchanges, and the intervention of New York State violates federal law. Earlier this year, the company self-certified sports event contracts with the CFTC, enabling users to engage in financial betting on match outcomes. Kalshi is seeking emergency relief to prevent New York State from enforcing its cease-and-desist order, claiming that failure to do so would cause irreparable harm to the platform and its users.

On October 28th, according to Bloomberg Terminal, US Commerce Secretary Raimondo declared that a $490 billion investment agreement is about to be signed.

On October 28th, as per the monitoring of Onchain Lens, 20 minutes ago, a whale withdrew 1.29 billion PUMP tokens from Binance, with a value of $6.39 million. In the past two weeks, this whale has accumulated a total of 3.3 billion PUMP tokens, which is worth $16.38 million.

On October 28th, as per the official announcement, WEEX has launched MegaETH (MEGA) and introduced a 50,000 USDT New User Airdrop. Event Period: From 12:00 on 10/28 to 12:00 on 11/4 (UTC+8). During the event period, new users with a net deposit of ≥ 100 U and who make their first spot trading of MEGA will receive 10 USDT; new users with any contract trading volume of ≥ 500 U will receive 5-20 U in cash plus 5-10 U in trial funds; new users with any contract trading volume of ≥ 20,000 U will participate in splitting 20,000 USDT based on their trading volume share; new and existing users who invite friends to register on WEEX and complete the first two event tasks can receive up to 90 USDT in event rewards plus an additional 140 USDT bonus.