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Jinse Finance reported, according to Coinmarketcap data, the Altcoin Season Index has dropped to 35, hitting a nearly two-month low. Previously, on September 20, it once rose to 78, with last week's average at 61 and last month's average at 65. The index shows that in the past 90 days, about 35 projects among the top 100 cryptocurrencies by market capitalization have outperformed bitcoin.

Foresight News: According to a report by Wen Wei Po Hong Kong, the Office for Attracting Strategic Enterprises of the Hong Kong SAR Government held the signing ceremony for the fifth batch of key enterprises yesterday. A total of 18 key enterprises have established or expanded their businesses in Hong Kong, including three of the world’s top ten pharmaceutical companies and, for the first time, cultural and creative enterprises that integrate technology with art and entertainment. According to Director Yan Jingxin, together with the 84 enterprises previously onboarded, the total number of key enterprise partners has reached 102. It is expected to bring about HKD 60 billion (approximately 7.7 billions USD) in investment to Hong Kong and create around 22,000 high-quality jobs. These enterprises will set up regional headquarters in Hong Kong and promote R&D projects, generating positive economic benefits. Among the newly introduced fifth batch of key enterprises are fintech companies driving Web3, such as Polkadot Community Foundation and LianLian Digital Technology.