The financial markets are undergoing a digital transformation. Recently, high-level officials in the U.S. government are actively seeking candidates for the new Fed chair, aiming to bring a fresh perspective to monetary policy. Meanwhile, the Commodity Futures Trading Commission (CFTC) and the SEC have jointly launched a plan aimed at advancing the development of the digital asset sector, which aligns with the cryptocurrency-friendly policies proposed by certain political figures.

In Asia, Hong Kong's financial industry is witnessing a booming development of digital asset businesses, with trading volume reaching a substantial level of HKD 26.1 billion. This trend is also reflected globally, as indicated by a report from Ripple, which shows that investments by the banking sector in blockchain infrastructure have exceeded USD 100 billion, highlighting the importance traditional financial institutions place on new technologies.

The cryptocurrency market is also welcoming a series of positive signals. Some analysts believe that the increase in the Bitcoin ETF quota may stimulate spot demand. Meanwhile, the market is closely watching the latest developments in the FTX creditors' case, which is expected to begin hearings on November 3.

On the trading level, the options open interest on the OKX platform increased by 6.05%, indicating a rise in market activity. In addition, the trading volume of the TON perpetual contracts surged, further confirming the activity in the Crypto Assets trading market.

These developments together paint a picture of the Crypto Assets market gradually maturing, with regulators, traditional financial institutions, and emerging platforms jointly shaping this rapidly evolving industry. With the continuous advancement of technological innovation and institutional improvement, we can expect to see more exciting developments.