Former UBS Asia investment banking head Joseph Chee said China could trigger the next Bitcoin supercycle if Beijing allows citizens to trade digital assets under tight controls.

BeInCrypto describes Hong Kong as a testing ground, while mainland trading remains illegal and Beijing continues to focus on capital flight and market volatility.

Chee added that there is no timeline for such a shift, and China has not announced any plan to extend Hong Kong's framework to the mainland.

Abstract has announced a gradual shutdown of its network, with the entire operation slated to end on December 15, 2026. Odaily reported that funds not migrated by that date could become inaccessible.

Users can move assets through the official migration center or via the native cross-chain bridge, which is expected to introduce about a three-hour delay in transfers.

Abstract argued that a consumer-focused crypto chain is difficult to sustain as an independent model, citing limited DeFi support, weak on-chain liquidity, and stalled network growth.

The Ethereum Layer 2 network, launched by the Pudgy Penguins team, said it has attracted more than 400,000 users and deployed more than 144 applications.

Abstract also warned users to be vigilant for fake migration websites.

President Donald Trump described the U.S. dollar as very strong as it firmed against the euro, according to Sina Finance.

He told reporters outside the White House that a strong dollar implies there will be no inflation.

BeInCrypto's analysis tracked 6.4 million x402 payments recorded from late July through August 2026, with a combined value below $120,000.

According to NS3.AI, more than 90% of these payments were worth less than one cent.

An eight-day surge on Solana accounted for 94.5% of the transactions in the sample.

BeInCrypto's provisional readiness assessment gave micropayments the top score, 60.7 out of 100, though the report notes that concrete evidence of actual use remains limited for the institutional workflows examined.

U.S. stocks finished the session near record levels, with the S&P 500 touching 7,835 points.

ChainCatcher said Bitcoin's gains were capped by heavy selling pressure near the $87,000 level.

Florida public school districts are borrowing at a record pace to cover operating expenses as enrollment declines constrain revenue.

The increased use of debt follows a smaller student population that weighs on funding and challenges district budgets.

An options trader sold a Nov. 20 short iron condor on Salesforce, collecting a total credit of $3.54. The position combines a 210/200 put spread with a 260/270 call spread.

If Salesforce remains between the short strikes through expiration, the trade targets a maximum profit of $354, with breakeven levels at $206.46 on the downside and $263.54 on the upside. The maximum loss is $646 if the stock moves outside the 200-270 range before expiration.

The shares were near $230, having risen to about $252 after Salesforce reported its August quarterly results. ServiceNow earnings on Oct. 27 could influence Salesforce, given their history of moving in sympathy with each other.

In an interview with Kyodo News, reported by Sina Finance, Bank of Japan Policy Board member Ayano Sato said she favors gradual adjustments to the policy rate and wants to closely monitor changes in consumption and income.

She noted that personal consumption momentum is not strong and added that rate hikes should not follow a fixed pace.

Oil exports routed via the Strait of Hormuz have shown a rebound, but the improvement remains fragile amid ongoing attacks on vessels by Iran.

According to Sina Finance, the UK Maritime Trade Operations (UKMTO) said nearly 20 merchant ships, most of them tankers, were attacked over the past month while transiting the Strait of Hormuz, the Persian Gulf, and waters off Oman.

Windward senior maritime intelligence analyst Michelle Wiese Bockmann estimated that about 2% of ships crossing the strait were attacked in the third quarter.

Kpler put average crude shipments through the strait at roughly 10.3 million barrels per day in the week ended last Saturday, about 23% below the prewar baseline of 13.5 million bpd.

Windward estimated average crude shipments at 9–10 million barrels per day, versus a prewar baseline of 14.5 million bpd.

The article notes that the current flow of oil now heavily depends on a large U.S. military deployment to protect tankers along a route south of the Omani coast.

It also said ship-to-ship transfers in the Gulf of Oman reduce the risk of Iranian attacks but require more vessels, and tanker shipping costs to China have risen to about $1 million per ship per day.

Federal Reserve Vice Chair for Supervision Michelle Bowman signaled plans to revise the rules governing fixed-dollar asset thresholds later this year to better reflect inflation and economic expansion, according to Bloomberg.

In remarks delivered to a conference on community banking research, Bowman said the adjustment would maintain the policy objective established when the threshold was first set.