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The New York Stock Exchange's self-rescue movement essentially redefines the business model of traditional exchanges. With the IPO market shrinking, trading volumes declining, and data services experiencing sluggish growth, traditional exchanges can no longer rely solely on their conventional profit models to maintain competitiveness.
From getting rich by holding coins to selling coins to repair watches, the capital market is no longer unconditionally rewarding the narrative of simply holding tokens.
Liquidity is the key factor influencing the current performance of the crypto market.
US ADP employment in October saw the largest increase since July, with previous figures also revised upward. However, experts caution that the absence of nonfarm payroll data means this figure should be interpreted cautiously.
- 01:05JPMorgan CEO: An economic recession with credit implications is comingChainCatcher news, JPMorgan CEO Jamie Dimon stated this morning: We are heading for an economic recession with credit implications, though the exact timing is unclear. Asset prices are quite high, and there is always a risk of market downturns.
- 01:02Franklin announces the launch of Hong Kong's first tokenized fundBlockBeats news, November 6, according to TheBlock, Franklin Templeton has announced the launch of Hong Kong's first tokenized fund, in sync with the Hong Kong government's five-year fintech strategy announced this week, aiming to embed artificial intelligence and blockchain technology throughout the financial industry. The fund is registered in Luxembourg, backed by short-term US Treasury bonds, and issues digital tokens representing investor shares through blockchain technology. Franklin Templeton is one of the world's first companies to launch tokenized money market funds. Its flagship product, FOBXX, was launched in 2021 and is the first US money market fund to use a public blockchain, supporting 24/7 trading and settlement. It recently opened support for purchasing and redeeming with USDC, enabling seamless on-chain and off-chain conversion. As of November 2025, its size is about $410 million, making it the second-largest tokenized fund on the market, second only to BlackRock's BUIDL.
- 01:02Bitmine acquired an additional 20,205 ETH this morning, worth $69.89 million.BlockBeats News, November 6, according to monitoring by OnchainLens, the largest Ethereum holding institution, Bitmine, received another 20,205 ETH from an exchange and FalconX this morning, valued at 69.89 million US dollars. In addition, another unknown address "0xca6" received 4,009 ETH from Galaxy Digital, valued at 13.76 million US dollars. This address holds a total of 13,281 ETH, valued at 45.58 million US dollars.