PANews November 18 news, according to Bloomberg, HSBC Holdings Plc will launch tokenization deposit services for corporate clients in the United States and the United Arab Emirates in the first half of next year. Manish Kohli, head of global payment solutions at HSBC, stated that the tokenization deposit service allows clients to conduct real-time domestic and cross-border fund transfers 24/7, without being limited to business hours, and this system helps large enterprises manage liquidity more efficiently. HSBC's tokenization service has been launched in Hong Kong, Singapore, the UK, and Luxembourg, and currently, the bank supports transactions in euros, pounds, dollars, Hong Kong dollars, and Singapore dollars. Kohli stated that when the service expands to the Middle East next year, the UAE dirham will be added. According to Kohli, HSBC plans to expand the application scenarios for tokenized deposits in programmable payments and autonomous vaults.

Odaily News Hong Kong Special Administrative Region Financial Services and the Treasury Secretary Hui Zhengyu elaborated in an exclusive interview on Hong Kong's strategic layout in financial technology, asset management, and commodity markets, aiming to leverage the advantages of "one country, two systems" to create the country’s "international asset custody box" and support the strategy for a strong financial nation. Hui emphasized that the goal of developing financial technology (FinTech) is to "empower the real economy," rather than speculative trading. He cited asset tokenization (Tokenization/RWA) as an example, pointing out that Hong Kong is exploring its application in real economic scenarios such as international shipping leasing and corporate fund management, and mentioned that the successful issuance of the third batch of digital green bonds by the SAR government is an important step towards normalization. Hong Kong has enacted relevant laws, with the goal of starting the issuance of stablecoin licenses next year, but the initial number of licenses will be very limited, and regulation will be prudent, clearly stating that stablecoins are aimed at addressing pain points in the real economy such as cross-border payments.

ChainCatcher news, according to the official blog of the Ethereum Foundation, the Ethereum Foundation account abstraction team has officially proposed the "Ethereum Interop Layer" plan, aimed at making all layer two networks feel like a single unified Ethereum chain. This plan is constructed based on the ERC-4337 account abstraction standard and the principles of trustless declaration, allowing users to complete cross-chain transactions with a single signature, without the need to add new trust assumptions. Users can directly initiate and settle cross-layer operations from their Wallets, without relying on Relays or Solvers. The EIL aims to address the current fragmentation issues of layer two networks, including the need for users to manage token positions across multiple chains, complex cross-chain transfer processes, and reliance on third-party bridge services. With this plan, users only need to select assets and addresses in their Wallet and click send, and the Wallet will automatically handle inter-chain routing and asset delivery.

According to Foresight News, citing two informed officials from Reuters, Brazil is considering taxing international payments made with Crypto Assets. One insider revealed that the country's Ministry of Finance is contemplating expanding the scope of the financial transaction tax to include certain cross-border transfers made using virtual assets and stablecoins, which have been classified by the country's Central Bank as forex transactions. The Brazilian Ministry of Finance declined to comment on the matter to Reuters.

Gate News Bot news, on November 18, according to CoinMarketCap data, as of the time of writing, CLO (Yei Finance) is currently reported at $0.24, having pumped 19.85% in the last 24 hours, with a high of $0.24 and a low of $0.16. The current market capitalization is approximately $30.3 million, an increase of $5.03 million compared to yesterday. Yei Finance is a cross-chain DeFi protocol that offers services such as lending, trading, and cross-chain bridging. Its main products include the pre-staked vault, YeiLend, and YeiSwap. The pre-staked vault allows users to earn returns across multiple chains with a one-time deposit. YeiLend provides lending services to users, while YeiSwap is a decentralized exchange. Yei Finance is committed to providing users with efficient and low-cost cross-

Gate News Bot news, on November 18, according to CoinMarketCap data, as of the time of writing, CROSS (CROSS) is currently priced at $0.13, with a rise of 20.23% in the last 24 hours, reaching a high of $0.21 and a low of $0.09. The current market capitalization is approximately $42.2 million, an increase of $7.1 million compared to yesterday. CROSS is a decentralized protocol and infrastructure layer designed to empower open communities and achieve a transparent digital economy through token-based value coordination. Its mission is to cultivate a fair, accessible, and community-governed Web3 environment, where users are not just participants but also owners. The CROSS token ($CROSS) is the native token of the CROSS protocol, used to support transactions, reward participants, and sustain player-owned Web3 gaming ecosystems. CROSS recently

PANews reported on November 18 that Southeast Asian ride-hailing giant Grab has signed a memorandum of cooperation with Singapore stablecoin platform StraitsX, planning to create a Web3 wallet and stablecoin settlement network for the Asian market. The two parties will promote the integration of the Web3 wallet into the Grab App, enabling GrabPay merchants to accept stablecoins such as XSGD and XUSD, and achieve cross-border, real-time, and compliant settlement. The system will introduce smart contracts and on-chain fund management, with all user assets managed by non-hosted wallets in compliance with regulatory requirements.

Avalanche will launch the Granite upgrade this week, enhancing transaction speed and security, with settlement times shortened to 2 seconds. Core updates include dynamic transaction processing, drop in cross-chain costs, and biometric signature functionality. However, Avalanche faces economic challenges, with $1.4 billion in DeFi deposits lost, and whether this upgrade can turn the tide is a matter of follow.

Bitcoin liquidity and stablecoin project Yala recently updated that attackers stole 7.64 million USDC through a fake cross-chain bridge, causing YU to depeg. The team injected funds and restored liquidity, and law enforcement has arrested the attackers and recovered some of the funds. Due to market tensions, Yala is assessing funding needs and plans to provide a recovery plan before December 15.

PANews, November 17 - According to CoinDesk, the Secretariat of the African Continental Free Trade Area (AfCFTA) has jointly launched a digital trade initiative with the IOTA Foundation, placing stablecoin-based settlement at the core of reshaping the cross-border flow of goods in Africa. An announcement released on Monday indicated that the "Africa Digital Trade Access and Public Infrastructure Program" (ADAPT), established in collaboration with the Tony Blair Institute and the World Economic Forum (WEF), will build a shared, Open Source digital public infrastructure for the 55 member countries of Africa. The initiative aims to achieve instant cross-border payments, verifiable digital trade documents, and interoperable digital identity verification. Although the initiative is positioned as a modernization upgrade of trade processes, stakeholders have indicated that stablecoins (especially USDT) are expected to be the key drivers for its widespread adoption.

According to ChainCatcher, the South China Morning Post reported that Ant International and UBS have signed a strategic cooperation memorandum to collaborate in the field of Blockchain cross-border payment Settlement. According to the agreement, Ant International will use UBS Digital Cash, the blockchain payment platform launched by UBS last year, for global fund management operations to enhance efficiency, transparency, and security. Both parties will also explore joint innovations in tokenized deposits, including connection solutions involving Ant's proprietary blockchain platform, Whale. Kelvin Li, the Global General Manager of Ant International Platform Technology, stated that both parties share a common belief in the potential of these technologies to transform cross-border payments.

Gate News Bot news, on November 17, according to CoinMarketCap data, as of the time of writing, FIL (Filecoin) is currently priced at $1.96, down 3.60% in the last 24 hours, with a high of $2.89 and a low of $1.88, and a 24-hour volume of $339 million. The current market capitalization is approximately $1.408 billion, a decrease of about $52.65 million from yesterday. FIL currently ranks 53rd in the market capitalization leaderboard of Crypto Assets. Important news about FIL recently: 1️⃣ **Build cross-chain data bridges in collaboration with Avalanche** Filecoin is collaborating with Avalanche to develop a native cross-chain data bridge, connecting the Filecoin virtual machine and Avalanche C-Chain. This collaboration aims to achieve modularity.

Odaily News Bitcoin News stated on platform X that Bitcoin has experienced its fourth "death cross" in this cycle. Historically, one year after a "death cross," the probability of Bitcoin's price rising is 50%, with an average return rate of 85%.

The Bubi Foundation announced that it will lead the real world asset tokenization project PTR and establish a strategic partnership with the asset equity confirmation protocol RPT to promote RWA compliance on-chain in Singapore and Indonesia. The PTR project features an equity confirmation model and risk control system compatible with regulatory frameworks, addressing the challenges of cross-border asset tokenization.

Foresight News reports that the privacy security computing network Nillion will gradually migrate to Ethereum. The official stated that it will first migrate the treasury and NIL Token from NilChain to the Ethereum Mainnet, adopting a new ERC-20 token contract. In February 2026, the team will launch a cross-chain channel to the Ethereum Mainnet, allowing users to migrate NIL tokens from the Cosmos network to Ethereum and participate in activities directly within the Ethereum ecosystem. Additionally, next year, the team will deploy the Nillion L2 layer on Ethereum based on native smart contracts and network tools, enabling staking functionality, on-chain coordination mechanisms, and seamless integration with Nillion's private computing and storage layer through the existing wallets and infrastructure of developers.

Honeypot Finance has completed the upgrade from AMM perpetuals to Full-Stack Perpetuals DEX, and has launched order book perpetuals, supporting cross-chain Liquidity. This upgrade introduces the era of dual execution engines, enhancing risk isolation and stable returns, marking the evolution of perpetual trading towards a multi-execution model.

Cardone Capital has launched an innovative hybrid fund that combines traditional commercial real estate with Bitcoin asset allocation, planning to invest approximately $100 million in Bitcoin and using stable rental income for accumulation. This cross-border innovation may bring new strategies to traditional real estate investment trusts.

PANews, November 14th - According to a report by CNBC, Alibaba Group Holding Ltd.'s cross-border e-commerce division is planning to launch an AI-based subscription service and is collaborating with JPMorgan Chase & Co. to trial a payment solution "similar to a stablecoin," aimed at enhancing cross-border settlement efficiency. This plan may allow customers to use this digital payment tool for international trade and service transactions, thereby dropping the risks associated with exchange rate fluctuations and settlement times.

On November 14th, news came out that in order to further strengthen the global strategic think tank and gather cross-field professional forces, AB DAO x AB Charity Foundation announced the addition of Galileo Violini, a member of the executive board of the International Physics Center (CIF) in Bogotá and an academician of the World Academy of Art and Science; Alberto Zucconi, president of the Human-Centered Approach Academy (IACP) and an academician of the World Academy of Art and Science; a physicist at the Jožef Stefan Institute and a professor of physics at the University of Maribor, and Alexander Cidanšek, vice president of the International Postgraduate School (IPS), officially joined the Foundation's Senior Advisory Committee. AB Charity Foundation Chairman and former Irish Prime Minister Ahern stated: "We are honored to welcome these three top academicians from around the world. Their profound expertise in physical science, mental health, and sustainable education will contribute to the foundation's efforts in blockchain.

Gate News Bot news, on November 14th, according to CoinMarketCap data, as of the time of writing, LSK (Lisk) is currently priced at 0.30 USD, rising 16.07% in the last 24 hours, with a peak of 0.42 USD and a low of 0.20 USD. The current market capitalization is approximately 63 million USD, an increase of 8.73 million USD compared to yesterday. Important recent news about LSK: 1️⃣ **Launch Ethereum Layer 2 solution** Lisk officially announces the launch of its Ethereum Layer 2 solution based on Optimism, significantly enhancing its cross-chain interoperability. This move is expected to attract more developers and users into the Lisk ecosystem, while greatly increasing transaction speed and reducing costs, bringing stronger competitiveness to Lisk. 2️⃣ **With Gelato Net

Gate News Bot news, on November 14, according to CoinMarketCap data, as of the time of writing, QNT (Quant) is currently priced at $92.99, rising 12.72% in the last 24 hours, with a high of $94.24 and a low of $79.66. The 24-hour volume reached $726,000. The current market capitalization is approximately $1.123 billion, an increase of nearly $127 million compared to yesterday. Important recent news about QNT: 1️⃣ **Overledger Network Successfully Launched** The Quant Network team officially announced the launch of the Overledger network. As a core component of the Quant ecosystem, Overledger aims to achieve interoperability between different blockchain networks. This significant technological breakthrough is expected to enhance the rise of QNT in the field of cross-chain solutions.

Foresight News reports that StakeStone has announced the completion of its brand upgrade and the release of White Paper 2.0. According to the content of the White Paper, in terms of technical architecture, StakeStone 2.0 adopts a combination of technologies such as account abstraction (EIP-7702), gasless payment, and social login. In terms of the settlement mechanism, StakeStone 2.0 introduces a "layered settlement" system, constructing differentiated settlement hierarchies based on different asset characteristics and trading scenarios, achieving a processing model of "trading is settlement, settlement is equity confirmation", aiming to provide near real-time processing capabilities for cross-border payments, peer-to-peer transfers, and machine micropayments. In terms of product functionality, the protocol features an on-chain yield layer.

The Eighth National Criminal Trial Work Conference emphasized the maintenance of cybersecurity in cyberspace and proposed three requirements: strengthening judicial rules regarding Virtual Money, online live broadcasting, and cybercrime; cracking down on cross-border online gambling and crimes infringing on personal information; and promoting regulatory responsibilities for online platforms.

Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of writing, AERO (Aerodrome Finance) is currently priced at $1.02, a fall of 15.51% in the last 24 hours, reaching a high of $1.29 and a low of $0.84. The current market capitalization is approximately $926 million, a decrease of about $170 million compared to yesterday. Important recent news about AERO: 1️⃣ **Aerodrome announces cross-chain expansion plan** Aerodrome developer Dromos Labs plans to launch the new protocol Aero and its tokens in the second quarter of 2026. The new protocol will simplify the cross-blockchain token exchange process and enable one-click cross-chain transactions through built-in bridging technology. This initiative aims to challenge Uniswap in the Ethereum ecosystem.

According to a report by Jinse Finance, the Monetary Authority of Singapore (MAS) has signed a memorandum of understanding with the Deutsche Bundesbank to cooperate on cross-border Settlement of digital assets. According to the memorandum, both parties will collaborate on technological and financial innovations, including: developing new Settlement solutions to reduce the cost and processing time of cross-border transfers between Singapore and Germany; promoting universal standards for cross-border payments, foreign exchange, and securities liquidity involving tokenized assets to enhance interoperability among different digital asset platforms.

Gate News Bot news, on November 13, according to CoinMarketCap data, as of the time of this report, AVAX (Avalanche) is currently priced at $17.60, with a rise of 1.87% in the last 24 hours, reaching a high of $18.54 and a low of $15.67. The trading volume in the last 24 hours has reached $474 million. The current market capitalization is approximately $7.547 billion, an increase of $138 million from yesterday. AVAX currently ranks 20th in the global Crypto Assets market capitalization leaderboard. Important news regarding AVAX recently: 1️⃣ **Korea Agricultural Cooperative Bank Chooses Avalanche to Test Cross-Border Tax Refund System** One of South Korea's five major banks, NH Nonghyup Bank, has announced the launch of a proof of concept (PoC) for value-added tax (VAT) refunds based on stablecoins on the Avalanche blockchain.

ChainCatcher message, hosted by Pieverse, themed Space "Building the x402 Economy: Smart Agents, Standards, and cross-chain Payments," will be held today at 2 PM (UTC+8). The event brings together the Ethereum Foundation, BNB Chain, Base, Kite AI and other organizations for the first time, focusing on popular cross-chain payments and AI Agent topics in Web3, and delving into their implications in the Web3 field.

ChainCatcher news, according to DL News, Aerodrome developer Dromos Labs will launch a new protocol Aero and its token in the second quarter of 2026, aimed at replacing Uniswap to dominate the Ethereum ecosystem. The new protocol Aero will simplify the cross-blockchain token exchange process, allowing traders to perform cross-chain transactions with just one click through built-in bridging technology. Aero will also enhance incentives for attracting traders and liquidity providers by providing additional revenue sources like MEV and distributing them to Aero token holders, enabling Aero to offer better prices for crypto traders compared to competitors. Previously, Dromos Labs CEO Alexander Cutler said in

Foresight News reports that the Ethereum re-staking infrastructure platform EigenCloud has jointly launched EigenZero with the full-chain interoperability protocol LayerZero. EigenZero is a decentralized validation network based on the CryptoEconomic DVN Framework, supported by the infrastructure of EigenCloud, and backed by approximately 5 million dollars.

Golden Finance reports that the Monetary Authority of Singapore (MAS) plans to launch a wholesale central bank digital currency (CBDC) testnet this week to support real-time tokenization experiments. This move will provide infrastructure for cross-border settlements and tokenized transactions. The testing adopts a hybrid approach, offering both wholesale CBDC and interoperability solutions connected with other DLT networks.

Odaily Planet Daily reports that according to Gate Research Institute, Bitcoin rebounded to approximately $106,000 after falling below $100,000 this week, mainly driven by the easing of the federal government shutdown crisis and a rebound in risk appetite; although the MACD shows an initial golden cross, trading volume and capital flow remain insufficient, and the trend has not yet strengthened. Ethereum remains in the range of 3,400–3,650.

Polkadot (DOT) was launched on Bybit on November 10, offering users a new on-chain staking opportunity. The project was launched in 2020 by Ethereum co-founder Gavin Wood, supporting cross-chain interoperability and providing unified security through its relay chain.

Gate News Bot message, November 12th, according to CoinMarketCap data, as of press time, FIL (Filecoin) is trading at $2.27, down 5.31% in the past 24 hours, with a high of $3.88 and a low of $1.33. The 24-hour trading volume reached $497 million. The current market capitalization is approximately $1.613 billion, a decrease of about $90.429 million from yesterday. Currently, FIL ranks 51st in the cryptocurrency market cap. Recent important news about FIL: 1️⃣ **Collaborating with Avalanche to Build a Cross-Chain Data Bridge** Filecoin is working with Avalanche to develop a native cross-chain data bridge connecting the Filecoin Virtual Machine and Avalanche C-Chain. This collaboration aims to enable...

Gate News Bot message, November 12th, according to CoinMarketCap data, as of press time, LSK (Lisk) is trading at $0.34, up 39.51% in the past 24 hours, with a high of $0.42 and a low of $0.18. The 24-hour trading volume reached $476 million. The current market capitalization is approximately $72 million, an increase of $20.4 million from yesterday. Recent important news about LSK: 1️⃣ **Launch of Ethereum Layer 2 Solution** Lisk officially announced the launch of an Ethereum Layer 2 solution based on Optimism, significantly enhancing its cross-chain interoperability. This move is expected to attract more developers and users to the Lisk ecosystem, while greatly increasing transaction speed and reducing fees, making Lisk more competitive.

Gate News bot message, according to the official Gate announcement on November 12, 2023: Gate will launch the Global Dollar spot trading pair at 20:00 on November 12, 2025, UTC+8. The trading pair will be USDG/USDT. Global Dollar (USDG) is a cross-chain stablecoin that can be used on the Ethereum and Solana blockchains. The stablecoin is issued by a regulated provider and is backed by secure, highly liquid assets, maintaining a 1:1 peg with the US dollar. The USDG contract address is 2u1tszSeqZ3qBWF3uNGPFc8TzMk2tdiwknnRMWGWjGWH, and the project official website is globaldollar.com.

Gate News Bot message, November 11th, according to CoinMarketCap data, as of press time, AERO (Aerodrome Finance) is reported at $1.22, up 8.52% in the last 24 hours, reaching a high of $1.29 and a low of $0.76. The current market capitalization is approximately $1.098 billion, an increase of $86.2 million from yesterday. Recent important news about AERO: 1️⃣ **Aerodrome May Announce Cross-Chain Expansion Plans** Alexander, CEO of Dromos Labs, the development team behind Aerodrome and Velodrome, hinted that the company is about to enter an important phase. Industry insiders speculate that Aerodrome may soon announce a cross-chain expansion plan, which is expected to be a significant strategic move.

Kingnet AI's official Twitter announced major updates, including the upcoming V3 version, BNB Chain cross-chain migration plan, the launch of the KingnetFun project, and incentive measures, aiming to lower the barriers to game creation.

Gate News Bot message, November 11th, according to CoinMarketCap data, at the time of press, LSK (Lisk) is trading at $0.24, up 16.59% in the past 24 hours, reaching a high of $0.25 and a low of $0.17. The current market capitalization is approximately $51 million, an increase of $7.26 million from yesterday. Recent important news about LSK: 1️⃣ **Lisk launches Ethereum Layer 2 solution** Lisk officially announced the launch of an Ethereum Layer 2 solution based on Optimism. This move significantly enhances Lisk's cross-chain interoperability and is expected to attract more developers and users to the Lisk ecosystem. The addition of the Layer 2 solution will greatly improve transaction speed and reduce costs, giving Lisk a stronger competitive edge.

Golden Finance reports that the cross-stablecoin payment coordination platform Orbital has released its Q3 stablecoin retail payment index. Key findings include that stablecoin deposits surpassed $7 billion after Plasma's launch, retail transfers on Binance Smart Chain slowed by 50%, Aptos chain maintained high transaction benchmarks, and the overall stablecoin retail market has cooled down, but actual payment traffic continues to grow.

Dromos Labs CEO Alexander is shocked by the significant mistakes made by competitors at critical moments, considering it a strategic error. The comment states that Aerodrome will announce cross-chain expansion on Wednesday, while Uniswap's fee switch will weaken liquidity providers' profits, giving Aerodrome a competitive advantage.

Gate News Bot message, November 11th, according to CoinMarketCap data, at the time of press, SUSHI (SushiSwap) is trading at $0.58, up 15.81% in the past 24 hours, with a high of $0.61 and a low of $0.40. The 24-hour trading volume reached $121 million. The current market capitalization is approximately $166 million, an increase of $22.7 million from yesterday. Recent important news about SUSHI: 1️⃣ **SushiSwap Ecosystem Continues to Expand** As a decentralized exchange and DeFi platform, SushiSwap has recently made significant progress in cross-chain ecosystem development. The project continues to expand its operations across multiple blockchain networks, offering users more diverse trading and liquidity mining options, helping to attract more users to participate.

Gate News Bot message, November 10th, according to CoinMarketCap data, as of press time, FIL (Filecoin) is trading at $2.89, up 12.02% in the past 24 hours, with a high of $3.88 and a low of $1.28. The 24-hour trading volume reached $1.056 billion. The current market capitalization is approximately $2.044 billion, an increase of $219 million from yesterday. FIL is currently ranked 46th in the global cryptocurrency market cap. Recent important news about FIL: 1️⃣ **Collaborating with Avalanche to Build a Cross-Chain Data Bridge** Filecoin is working with Avalanche to develop a native cross-chain data bridge connecting the Filecoin Virtual Machine and Avalanche C-Chain. This collaboration aims to achieve interoperability between the two platforms.

Gate News Bot Update: As of November 7th, according to CoinMarketCap data, HUMA (Huma Finance) is currently priced at $0.02 USD, up 15.11% in the past 24 hours. The price reached a high of $0.03 USD and dipped back to $0.02 USD. Its current market capitalization is approximately $54.2 million, an increase of $7.11 million compared to yesterday. Huma Finance is the first PayFi network designed to accelerate global payments by providing instant liquidity anytime and anywhere. Huma 2.0 offers permissionless DeFi yields driven by real-world payment flows. The platform provides services such as cross-border payment financing, card payments supported by stablecoins, T+0 settlement, trade financing, and DePIN financing. It features instant liquidity, built-in risk management, compliance, and an open architecture.

Gate News Bot Update: As of November 7th, according to CoinMarketCap, ROSE (Oasis) is currently trading at $0.02. It has increased by 27.67% over the past 24 hours, reaching a high of $0.02 and a low of $0.01 during that period. The current market capitalization is approximately $167 million, up $36.2 million from yesterday. Oasis is a smart blockchain platform focused on Web3 and AI privacy. It offers customizable cross-chain privacy solutions that support 100% private, 100% public, or any level in between. The Oasis network features a modular architecture with high throughput, low gas fees, and strong security. Its Sapphire platform is the first and only confidential EVM, providing developers with a familiar environment to deploy encrypted smart contracts.

Gate News Bot Report: As of November 7th, according to CoinMarketCap data, NEAR (NEAR Protocol) is trading at $2.14, up 10.74% in the past 24 hours. The price reached a high of $2.20 and a low of $1.73 during this period. The 24-hour trading volume is $428 million. Its current market capitalization is approximately $2.736 billion, an increase of $265 million compared to yesterday. NEAR is a modular high-speed protocol designed for AI, aimed at representing user actions. NEAR not only provides computing power but also supports transactions, coordination, and evolution. On NEAR, AI interacts with users through the front end and executes intentions, while the blockchain handles identity, trust, and data on the back end. By simplifying the blockchain user experience, NEAR supports encrypted model execution, verifiable computation, and cross-chain operations, offering developers a comprehensive platform.

Gate News Bot Report, November 7th: According to CoinMarketCap data, as of press time, FOLKS (Folks Finance) is trading at $3.97, up 57.29% in the past 24 hours. The price reached a high of $7.83 and a low of $2.52 during this period, with a 24-hour trading volume of $8.99 million. Its current market capitalization is approximately $48.4 million, an increase of $1.76 million compared to yesterday. Folks Finance is a community-driven decentralized platform that offers permissionless DeFi tools across multiple networks. The platform provides a full suite of DeFi services, including lending, staking, and trading, making it one of the largest protocols on Algorand. Folks Finance also offers cross-chain lending infrastructure, supporting borrowing and lending across all supported networks. Recent Important News about FOLKS

On November 6, PANews reported that blockchain projects including Solana, Fireblocks, Monad, and Polygon are collaborating to establish a universal framework for cross-chain payments. The newly formed Blockchain Payment Consortium (BPC) aims to "define a common framework based on the convenience and data requirements of traditional payments to enhance the cross-chain transaction experience of stablecoins." The BPC's mission statement includes addressing the challenges faced when converting between traditional payments and blockchain payments. Currently, members of BPC include the Stellar Development Foundation, TON Foundation, Solana Foundation, Monad Foundation, Fireblocks, and Polygon.

Cryptocurrency trading app Fomo completes $17 million Series A funding, bringing total funding to $19 million and attracting investments from several industry leaders. The platform supports cross-chain trading, charges a 0.5% transaction fee, and offers gas fee exemptions, while also integrating social features.