According to Odaily, the Bank of Korea has recently signed an agreement with the Ministry of Science and ICT (MSIT) and the Financial Services Commission (FSC) to test the feasibility of a Central Bank Digital Currency (CBDC) and tokenized deposits. This initiative follows a September report indicating that the Bank of Korea is preparing to conduct a tokenized deposit trial involving approximately 100,000 participants. The trial, which was officially announced a year ago, aims to integrate wholesale CBDC for interbank settlements. In June, MSIT and the Korea Internet and Security Agency (KISA) allocated a budget to the Bank of Korea for developing a smartphone-based voucher program. These vouchers are intended for purchasing welfare, cultural, educational, and other goods and services. Consequently, the Bank of Korea has developed a digital voucher management platform to address the complexities and fraud risks associated with paper vouchers. The vouchers will utilize Singapore's Purpose-Bound Money (PBM) model, which encapsulates deposit tokens within smart contracts and defines their usage conditions. The FSC has approved seven domestic banks to participate as innovative financial services providers, although their compliance will be continuously monitored. These banks include Kookmin Bank, Shinhan Bank, Woori Bank, Hana Bank, Korea Development Bank, NongHyup Bank, and Busan Bank. Notably, the deposit tokens will be protected under the traditional deposit protection system. As of now, the Bank of Korea has not disclosed detailed information regarding user recruitment and the vouchers.

Recently, the Bank of Korea signed a usability testing agreement for the CBDC and tokenized deposit pilot with the Ministry of Science and ICT (MSIT) and the Financial Services Commission (FSC). As reported in September, the Bank of Korea is preparing to conduct a tokenized deposit trial for about 100,000 people, and announced formal plans for such a trial a year ago, combining a wholesale central bank digital currency (wCBDC) for interbank settlement. In June, MSIT and the Korea Internet and Security Agency (KISA) provided the Bank of Korea with a budget to develop a voucher program using smartphones, which can be used to purchase welfare, cultural, educational and other goods and services. As a result, the Bank of Korea has developed a digital voucher management platform that aims to address the settlement complexity and fraud potential associated with paper vouchers. The voucher will use Singapore's dedicated fund (PBM) model, which essentially encapsulates deposit tokens in smart contracts and defines the conditions for the use of the tokens. The FSC has approved seven local banks to participate as innovative financial services, although the banks' compliance will be constantly reviewed. These banks include Kookmin Bank, Shinhan Bank, Woori Bank, Hana Bank, Industrial Bank of Korea, Nonghyup Bank and Busan Bank. It is worth noting that deposit tokens will be protected by the traditional deposit protection system. So far, the Bank of Korea has not announced details about user recruitment and vouchers. (Ledger Insights)

Scallop announced on X that sCoin is now integrated into Cetus Aggregator. Users can directly exchange sCoin and its underlying token through Cetus, supported by Scallop's sCoin minting and destruction. Please note: Since sCoin represents a user's lending position in the Scallop supply pool, exchanging sCoin for its underlying token will withdraw the user's lending position on Scallop.

Lin Chen, head of Asia-Pacific business at Deribit, said in a post on X that the total weekly net inflow of ETH spot ETFs this week reached US$154.7 million, with a net increase of 54,818.32 ETH. Analysis pointed out that after the election on Wednesday, the main investors were BlackRock and Fidelity, which increased their holdings by 29,356.11 and 28,078.59 ETH respectively, while Grayscale ETHE remained unchanged. If Trump supports ETH spot ETF staking after taking office, it is expected to provide a strong boost to the current ETH market.

The 50M Mantra-OM Airdrop allocation list has been formally disclosed by the Mantra team, with 60% of the allocation reserved for KARMA Pre-Mainnet Quest participants. The enthusiasm of investors regarding the crypto market rally has been quite high; however, the excitement of Mantra fans has been doubled as the team has officially confirmed the 50M […] The post Mantra-OM Airdrop Launch Date... source: https://coinscreed.com/mantra-om-airdrop-launch-date-more-announced.html

The FTX bankruptcy estate has filed a lawsuit seeking over $100 million from SkyBridge Capital founder Anthony Scaramucci and the company. source: https://coincu.com/291315-ftx-sues-skybridge-capital-founder

Lin Chen, head of Asia-Pacific business at Deribit, said in a post on X that the BTC spot ETF performed very strongly this week, with a total weekly net inflow of US$1.615 billion and a net increase of about 21,230.71 BTC. Analysis pointed out that on Monday, due to the approaching election, the risk aversion sentiment gradually became stronger, causing investors to urgently reduce their holdings by 7,886.33 BTC; and starting on Wednesday, after Trump's election and the Fed's 25BP rate cut, market sentiment quickly rose, and in the following two days, there was a net inflow of about 27,000 BTC, of ​​which BlackRock contributed 14,600 BTC.

A SIM-swapping hacker suspected of stealing $400 million in cryptocurrency from FTX has requested a temporary release, citing his desire to attend his girlfriend’s sister’s birthday party at an Illinois Chuck E. Cheese location. Robert Powell, also known as “ElSwapo1,” was arrested in February along with two alleged accomplices and subsequently released on $10,000 bail. The conditions of his release include avoiding non-essential internet use and any online gambling, and that he remain at home except for court appearances or medical treatment. However, Powell's lawyers asked the court to "modify his release conditions" and allow him to attend the above-mentioned birthday party from 2 pm to 6 pm on Sunday, November 10, and stated that according to the request, "Powell has fully complied with all release conditions" and "all other release conditions should continue to be effective." The request also stated that "the pretrial and government do not oppose this request." (Protos) Previously in February, the three were indicted for planning a SIM card swap scam to steal more than $400 million from the cryptocurrency exchange FTX, which was in a bankruptcy vortex. According to the indictment filed by the Department of Justice in the federal court in Washington, Robert Powell, Emily Hernandez and Carter Rohn collected personal data from about 50 victims and used this information to convince mobile phone service providers to transfer the victims' phone numbers to fake phones in their possession. Doing so allowed the three to intercept text messages-including multi-factor authentication codes, which allowed them to break into the victims' financial accounts and crypto wallets.

According to Onchain Lens monitoring, as MOODENG hit a new high, a diamond trader who had invested $5.2 million in MOODENG made a floating profit of more than $3 million.

Charles Hoskinson, Cardano founder, intends to work with the United States government to develop crypto legislation that will facilitate more transparent industry regulations. The Cardano Founder has announced his intention to work with the U.S. government under Donald Trump to assist in the development of crypto legislation. The objective is to establish unambiguous regulatory frameworks... source: https://coinscreed.com/cardano-founder-reports-crypto-advisor-role.html

Raydium accounts for 60.7% of the total trading volume of Solana ecosystem DEX.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance. Its content covers the week's key news, market and contract data, mining information, project dynamics, technological progress and other industry dynamics.

With strong revenue growth and an attractive valuation, Sky continues to lead the decentralized stablecoin space. Now is the time to take notice: as the DeFi renaissance unfolds, Sky is poised to be at the forefront.

In the early morning of November 6th local time, Trump announced his victory in the 2024 presidential election.

Election prediction is just the first application. The broader concept is that you can use finance as a way to align incentives to provide valuable information to an audience.

FairShake Cryptocurrency Group has become the largest Super PAC for the 2024 elections, raising more than $200 million in total.

Golden Finance launches the 2503rd issue of "Golden Morning 8" - a morning report on the cryptocurrency and blockchain industry, providing you with the latest and fastest news on the digital currency and blockchain industry.

Meme or DeFi? The crypto fork in the road after Trump took office.

How Trump, 78, wins reelection will become history, and America's choice can already be traced back to a few key decisions.

BNB Chain launched multiple incentive programs in the third quarter, including the Gas-Free Carnival and TVL Incentive Program, to drive the growth of DeFi and NFT activities.