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Hong Kong Plans Stablecoin Trials for Tokenized Government Debt
Hong Kong Plans Stablecoin Trials for Tokenized Government Debt
The Hong Kong Monetary Authority announced an upgrade to its EnsembleTX platform to support round-the-clock settlement of tokenized transactions, and plans to include regulated stablecoins in a pilot for government debt trading. A secondary-market pilot for tokenized Exchange Fund bills has already been completed. HSBC's RedCoin stablecoin has attracted 50,000 users since launching via PayMe on October 23. The HKMA also unveiled new initiatives covering AI governance, quantum-resistant security, and cross-border payments.
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What Drove XRP Ledger's 142% Surge in New Accounts
The XRP Ledger saw 7,734 newly activated accounts on November 1, 2026—up 33% from the previous day and 142.4% above the 30-day average of roughly 3,500. Analysts point to growing interest in tokenized assets, stablecoins, and DeFi, along with exchange onboarding and automated wallet creation, though new accounts don't necessarily mean real user growth. Meanwhile, XRP remains under pressure near $1.25, below key moving averages, with support at $1.20–1.25 and resistance at $1.30–1.35.
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HSBC's RedCoin Stablecoin Draws 50,000 Users in Just Over a Week
HSBC has launched RedCoin (RCHKD), a Hong Kong dollar-backed stablecoin, via its PayMe app, attracting 50,000 users in just over a week. The stablecoin is accepted at over 100,000 merchants, and users can activate a wallet without opening a separate bank account. As of November 2, circulation stood at HK$87.75 million against reserves of HK$88.75 million. HSBC plans to extend RedCoin to its mobile banking app and launch a tokenized investment subscription service, while also announcing an AI and emerging technology research institute in Hong Kong expected to begin operations in early 2027.
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XRP Price Prediction: Can the $1.23 Support Level Avert Another November Slump?
XRP hovered near $1.25 in early November after falling roughly 16% in October. Despite the weak price action, U.S. spot XRP ETFs still pulled in $18.83 million in October, marking a seventh straight month of net inflows and bringing cumulative inflows to $1.81 billion. Technicals remain bearish, with immediate support at $1.2323 and resistance around $1.2999. Analysts note the monthly RSI sits at historically low levels, but a rebound needs stronger buying pressure; historically, November has closed lower in 7 of the past 13 years.
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Ripple News: 1 Billion XRP Unlocked as Price Holds Near $1.25
Ripple released a total of 1 billion XRP on November 1 through two escrow transactions of 500 million XRP each, valued at roughly $624 million apiece. Blockchain trackers confirmed this was part of the company's established monthly escrow release schedule, not unusual activity. Ripple re-locked 700 million unused tokens in October, but the November re-lock transaction has yet to be confirmed, so the month's net release remains unclear. The news drew social media attention, but XRP's price reaction was muted, trading around $1.25 with a 24-hour gain of just 0.08%.
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OneKey Founder: Don't Use Your iPhone as a Hardware Wallet
OneKey founder Yishi Wang warns that repurposing an old, offline iPhone as a crypto cold wallet is unsafe. Multiple iPhone generations carry low-level boot-stage vulnerabilities—such as checkm8 on older models and similar flaws in newer ones—that attackers can still exploit with physical access. iOS updates can't patch defects baked into boot code, and going offline doesn't help. He advises against storing seed phrases on iPhone 11 or earlier, recommends creating a fresh wallet and moving assets if a seed may be compromised, and stresses the need for dedicated hardware wallets to isolate signing keys.
2026-11-01
OneKey Founder Warns iPhone 11 and Older Models Pose Crypto Wallet Risks
OneKey founder Yishi Wang warns that iPhone 11 and earlier models have BootROM-level vulnerabilities that cannot be fixed through iOS updates. The checkm8 exploit affects iPhone 4S through iPhone X, while usbliter8 affects iPhone XS, XR, 11 series, and second-generation SE models with A12/A13 chips. Attackers need physical access to the device and specialized tools, but passcodes and the Secure Enclave provide additional protection. Wang recommends that users storing seed phrases on affected devices regenerate their seed phrases and move their assets.
2026-11-01
Cardano Reviews Quantum Security and Stablecoin Rules in Latest CIP Update
In its November 1 CIP roundup, Cardano introduced a draft of common compliance standards for regulated stablecoins, aiming to spare wallets and exchanges from having to integrate each programmable stablecoin separately. Meanwhile, CIP-0206 proposes adding two quantum-resistant signature verification functions to Plutus smart contracts. Developers are also reviewing governance metadata rules, with CIP-0204 and CPS-0037 reaching documentation milestones. The article is a technical progress update and does not cover price or market performance.
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The Eve of the AI Bubble Burst
Using October 31, 2026 as a reference point, this article examines whether the AI bubble is about to burst. The author points to Intel, Google, and SanDisk beating earnings expectations yet seeing their stocks plunge, arguing that while AI boosts productivity, it creates no incremental value—instead driving up hardware prices, intensifying competition, and causing token prices to collapse. The AI economy lacks middlemen, and platforms like Reddit are losing traffic to AI Mode. Giants such as Microsoft and ByteDance are pouring enormous sums into AI infrastructure, even cutting jobs to fund it. The author contends we are on the eve of an AI bubble, and that beneath every tech cycle, human nature remains unchanged.
2026-11-01
Moore Threads Q3 2026 Earnings Review | Company Analysis
This article reviews the Q3 2026 earnings report of Chinese GPU maker Moore Threads. Third-quarter revenue hit RMB 1.552 billion, surging 1,773.92% year-over-year, with quarterly non-GAAP net profit turning positive, though the nine-month non-GAAP figure remained a loss of RMB 131 million. Jian Jin Xin assigns a CCC competitiveness rating, noting explosive revenue growth and an initial quarterly profit, but flagging a RMB 3.309 billion net operating cash outflow, a 152% inventory surge, and a 41% drop in cash reserves as signs of financial strain. The analysis examines eight financial dimensions—growth capacity, operating efficiency, solvency, and more—concluding that the company is growing rapidly but financially stretched.
2026-11-01