Cathie Wood, a well-known fund manager in the United States, said that in order to guard against possible inflation in the next decade, she would not hesitate to bet on Bitcoin rather than gold or cash. The head of ARK Investment Management reiterated her view that with the support of new technologies such as artificial intelligence, electric vehicles, robotics, genome sequencing, and blockchain, she expects prices to enter a period of decline. This has been her consistent view since 2021, even as the market focuses on the new era of increasing inflation risks. When asked by Bloomberg's "Merryn Talks Money" podcast which of the three assets (Bitcoin, cash, and gold) she would choose to hold for 10 years, Wood said, "Bitcoin, without a doubt. Bitcoin can hedge against both inflation and deflation, and there is no counterparty risk because institutions are hardly involved."

Binance posted on social media X that BTC network wallet maintenance has begun. All withdrawals on the BTC network will be suspended for about 30 minutes. Deposits are not affected, and once maintenance is completed, withdrawals will resume.

According to a recent investigation by the Organized Crime and Corruption Reporting Project (OCCRP), Salvadoran President Nayib Bukele misappropriated funds to complete Bitcoin-related projects in the country. The report, released on October 31, stated that the government used resources provided by the Central American Bank for Economic Integration (CABEI) as a loan to fund the process of making Bitcoin a legal currency in the country. The loan was provided by CABEI in 2021 to alleviate the country's economic problems and strengthen financing for small and medium-sized enterprises (SMEs) during the Covid-19 pandemic. According to the investigation, only a small portion ($20 million) of the $600 million loan was used for its intended purpose. According to budget documents reviewed by OCCRP colleagues in the country, $425 million was used to fulfill "general national obligations," with over $200 million of that amount used to help make Bitcoin a legal currency in El Salvador. (Bitcoin.com)

Whale Alert monitoring shows that at 07:57 today Beijing time, 7,000 BTC (worth about $244,457,443) were transferred from an unknown wallet to Bitfinex.

The lightning payment application Strike announced the launch of new features such as direct deposit, wire transfer, and bank card payments. Specifically, it includes: 1. Supporting wire transfers, allowing Strike customers to transfer unlimited funds and purchase any amount of Bitcoin, all of which can be withdrawn immediately; 2. Direct deposit, allowing users to receive any portion of their wages paid in Bitcoin through Strike; 3. Expanded support for payment methods, including debit cards and enhanced bank connections; 4. Some customers can use Strike together with their associated payment methods without having to pay a deposit first, use a debit card for lightning payments, and send Bitcoin to a cold wallet using a bank account.

Bitcoin mining company Marathon Digital has launched a pilot project in Utah that uses methane gas from landfill waste to generate electricity for its mining operations. The company partnered with renewable energy firm Nodal Power for the 280 kW test project, which may be expanded if successful. Other mining companies have also been exploring alternative energy sources to power their operations and reduce greenhouse gas emissions, such as using wasted natural gas. Marathon CEO Fred Thiel said the project could help the company diversify its operations, lower energy costs, and improve the environment.

EDXM, a virtual asset exchange based in the US, has confirmed that it will delist Bitcoin Cash (BCH) from its trading offerings. The exchange did not provide specific details regarding the reasons for delisting BCH, but it has previously cited regulatory considerations as a factor in its selective approach to cryptocurrency listings. <br>

Onyx, a DeFi protocol, suffered a security attack of approximately $2.1 million. In order to ensure proper compensation for users, they have decided to use the XCN token facility, which is jointly owned by institutions such as LDA Capital, and worth $40 million. Onyx DAO will sell XCN tokens from their treasury through this facility to directly provide compensation for the losses caused by the attack on the Onyx Protocol, ensuring that affected users receive the funds they are owed. <br>

According to St. Galler Kantonalbank (SGKB), the fifth largest state-owned bank in Switzerland, it has announced a partnership with SEBA Bank to provide its customers with custody and trading services for Bitcoin and Ethereum. SGKB stated that it plans to further expand its digital asset services and add more cryptocurrencies based on customer demand. <br>

Mohamed A. El-Erian, the Chief Economic Advisor of Allianz and former CEO of Pacific Investment Management Company, said that Bitcoin is becoming a "safe flight". Bitcoin is replacing long-held U.S. Treasury bonds, which have long been seen as a safe haven for safety or quality. Considering the continued development of global geopolitics, although the U.S. Treasury Department can still play this role, the situation may change in the future.