The U.S. Senate Banking Committee Advances the "Financial Transparency and Regulatory Compliance Act"

The European Banking Authority (EBA) announced that under the Markets in Crypto-Assets (MiCA) regulation, it has designated Circle-issued USDC as a "significant e-money token". USDC is the first among 45 e-money tokens notified in the EU to meet this designation standard. Effective November 12, the EBA will directly regulate USDC’s own funds, reserve assets, liquidity requirements, and recovery and redemption plans—areas previously overseen by France’s Prudential Supervision and Resolution Authority (ACPR). Following the handover, ACPR will retain responsibility for corporate governance, qualifying holdings, suitability assessments, and conflict of interest matters. The EBA also noted it has signed a memorandum of understanding (MOU) with the New York State Department of Financial Services (NYDFS) to facilitate cross-border supervision and information exchange. NYDFS regulates Circle’s licensed operations in New York State. Per data from The Block, USDC’s circulating supply nears $73 billion, making it the world’s second-largest stablecoin.

Binance announced that its tokenized stock product bStocks has surpassed $1 billion in user assets under management (AUM), making it the fastest tokenized stock product globally to reach this scale. Since its launch on June 11, 2026, bStocks hit this milestone in just around four months. To date, bStocks has amassed over $40 billion in cumulative trading volume, with an average daily trading volume exceeding $300 million, and nearly 100 assets listed on the platform. Since launch, the 1:1 conversion volume between directly held stocks and bStocks has reached $6 billion. Binance noted that bStocks can be used as collateral in eligible scenarios, supports round-the-clock trading, on-chain settlement, and cross-wallet transfers. As its asset size, trading volume, and use cases continue to expand, bStocks is advancing tokenized stocks beyond mere trading assets to serve as collateral and for broader crypto financial applications, further exploring the integration of traditional equity assets and on-chain financial infrastructure.

Beating AI News Flash: Runway’s experimental team Runway Labs has unveiled Visual Thinking, a capability that converts AI agents’ workflows into real-time videos. When agents search the web, call tools, or read/modify files, the video model generates synchronized visuals based on these operations. Users no longer need to sift through execution logs line by line to intuitively track what the agent is doing. For example, when an agent is tasked with explaining a monorepo (a code repository shared by multiple projects), the system visualizes the codebase as a small town: different packages are depicted as goods shipped to various applications, while documentation is transformed into a riverside park. The visuals update in real time as the agent accesses or modifies folders. In another demo, an agent simulates Wi-Fi signal propagation on a floor plan to identify coverage dead zones and present adjustment solutions. Even web searches and tool calls for gift shopping are converted into dynamic visuals. Visual Thinking is not a standalone product, but a feature of Runway’s new operating system research project Continuum. Continuum was first unveiled on October 1, and this presentation highlights more use cases. The technology remains in the research and demonstration phase, with no public trial access available yet.

AI crypto research platform Surf has launched its SurfBoard NFT collection on Robinhood Chain, with a total supply of 6,666 units. The collection has no additional minting, no public sale, and zero team reserves. Eligible annual members can claim SurfBoards for free, while other users can purchase unrevealed NFTs via the official website at a price of 1 $SURFBOARD. Built on the ERC-404 standard, SurfBoards accumulate five tokenized stocks—NVDA, SPY, META, GOOGL, and SPCX—based on rarity weight after revealing. Revenue for the collection comes from two sources: 3% transaction fees from the official pool (2.2125% of which is allocated to stock purchases) and 5% secondary market royalties on revealed NFTs. Holders may sell their NFTs along with accumulated rewards, or burn the NFT to redeem 95% of the rewards, with the remaining 5% distributed proportionally to other revealed NFTs. Official data as of press time shows 1,916 SurfBoards have been revealed, accounting for roughly 29% of total supply, with accumulated stock value totaling approximately $20,000. Unrevealed NFTs are currently priced at around $200. Surf reminds that $SURFBOARD is only tradable on its official platform; quotes from other decentralized exchanges (DEXs) come from unofficial pools.

According to TradingBeats monitoring, a Hyperliquid address starting with 0xc26c opened long positions in GOLD and SILVER in the early hours of the morning. It currently holds approximately 669.64 GOLD long contracts and 131,800 SILVER long contracts, with position values of around $2.78 million and $7.47 million respectively, totaling about $10.25 million, and an unrealized profit of roughly $160,000. The GOLD position uses 1x full leverage, while the SILVER position employs 2x full leverage. This address has previously traded GOLD and SILVER multiple times. As of press time, GOLD and SILVER perpetual contracts on Hyperliquid are trading at approximately $4,153.9 and $56.66 respectively, both up around 1.6% from the average entry price of the address’s positions.

Well-known trader Doctor Profit posted that Bitcoin previously bottomed out, rallied sharply after reclaiming its 50-day moving average, and had not retested this level since. It has now retested this support, and he believes the support will hold, with Bitcoin continuing to rise from its current level.