According to Odaily, Tether's investment division, Tether Trade Finance, has successfully completed its first financing deal for a Middle East crude oil transaction. This deal, finalized in October 2024, aims to facilitate the loading and transportation of approximately 670,000 barrels of Middle Eastern crude oil, valued at around $45 million. This development marks a significant milestone for Tether as it ventures into the energy sector, leveraging its financial capabilities to support large-scale commodity transactions. The transaction underscores Tether's strategic expansion beyond its traditional role as a stablecoin issuer, highlighting its growing influence in global trade finance. The successful completion of this financing deal reflects Tether's commitment to diversifying its investment portfolio and exploring new opportunities in various sectors. By engaging in the oil trade, Tether is positioning itself as a key player in the intersection of finance and energy, potentially paving the way for future endeavors in similar markets.

According to official news, Tether Trade Finance, the investment arm of stablecoin issuer Tether, has completed the financing of its first Middle East crude oil transaction, which will be completed in October 2024 and aims to facilitate the loading and transportation of 670,000 barrels of Middle Eastern crude oil, worth approximately US$45 million.

Layer 1 blockchain Flare and decentralized cloud infrastructure company Red Date Technology announced two KYC pilots to support stablecoin transactions in Hong Kong. The first trial will allow anonymous registration on regulated stablecoin applications, and the other will facilitate the use of stablecoins to purchase tokenized financial products. The two parties' trials in Hong Kong will use the RealDID decentralized identity system (RealDID) for anonymous registration. It is reported that the blockchain-based identity system was launched in December last year. (Coindesk)

Sky (formerly MakerDAO) posted on the X platform that the new SPK token economics proposal has now been published on the Sky forum. The proposal aims to regulate the issuance of Star tokens, and the first Star token SPK will be launched first in the next few months. It is reported that the founding issuance of Star tokens will last for 10 years, half of which will occur in the first two years, and the issuance rate will be halved every two years thereafter. Like all future Star tokens, the total supply of SPK is 10 billion; 8 billion of them are allocated to three types of recipients, namely USDS holders, activated SKY holders, and sealed SKY holders. SPK is expected to be issued first in the next few months; in addition, 1 billion is allocated to liquidity bootstrapping and another 1 billion is allocated to contributor token grants. Both parts of the tokens will be managed by the governance team of each Star token, and the rewards are linked to milestones and performance, while liquidity tokens are subject to transparency and reporting systems.

According to Cointelegraph, OpenAI, the company behind the AI tool ChatGPT, has successfully avoided a copyright lawsuit concerning the alleged misuse of news articles in training its large language model. On November 7, a federal judge in New York dismissed the lawsuit filed by news outlets Raw Story and AlterNet. The dismissal was reported by Reuters. US District Judge Colleen McMahon ruled that the plaintiffs did not provide sufficient evidence of harm to support their claims. However, she left the door open for the possibility of refiling the lawsuit if additional evidence is presented. McMahon highlighted that the core issue was not the exclusion of copyrighted materials but rather the use of the plaintiffs' articles to develop ChatGPT without compensation. As it stands, the type of harm claimed by the plaintiffs did not justify the lawsuit. Despite this dismissal, OpenAI may still face legal challenges. Lawyers representing the news outlets expressed confidence in addressing the court's concerns with an amended complaint. The initial lawsuit, filed in February, accused OpenAI of unlawfully using thousands of articles to train its chatbot, which can reproduce copyrighted material when prompted. In a related development, The New York Times filed a lawsuit against OpenAI in December 2023, alleging unauthorized use of millions of its articles for chatbot training. Other media organizations, including Time and The Associated Press, have also pursued legal action against OpenAI over similar issues. In response to these challenges, OpenAI has made significant efforts to partner with news organizations to legally acquire content rights. This strategy aims to provide accurate, real-time news information through its AI tools. The company has established partnerships with major global news providers, such as the Financial Times, French publisher Le Monde, Spanish Prisa Media, and German media giant Axel Springer. On November 1, OpenAI announced a new feature called ChatGPT Search, which enables users to search and receive answers from the web based on their queries. This development is part of OpenAI's broader strategy to enhance its AI capabilities while respecting copyright laws. OpenAI is not alone in seeking partnerships with news organizations. On October 25, Meta, the parent company of Facebook and Instagram, announced its first news deal with Reuters. This partnership allows Meta's AI chatbot to link directly to Reuters news articles when responding to related queries.

Since Trump won a second term on Tuesday, ahead of prediction markets, the U.S. bond market has seen a small crash, leading to higher mortgage and other household borrowing costs. Fortunately, Trump has a clear way to mitigate the damage and start his term on a good note: He should declare that he fully trusts Fed Chairman Powell, who will serve until May 2026, and promise to remain silent on monetary policy issues. It is reported that there was a brief conversation between Powell and reporter Victoria Guida: Guida: Some of Trump's advisers suggest that you should resign. If he asks you to leave, will you go? Powell: No. Guida: Do you think you don't have to leave legally? Powell: No. It is reported that Powell was not joking. After the comment was made, the 10-year Treasury yield initially fell by about 4 basis points, and fell a total of 11 basis points on the day. (Jinshi)

Market observers said that the surge in Bitcoin Google searches after Trump won the election indicated that retail investors were more interested in digital assets. Ryan Chow, co-founder of Solv Protocol, said that Trump's victory in the election was "the main catalyst to launch the next bull market." Crypto macro analyst Noelle Acheson said, "In general, retail investors tend to be 'latecomers' because they are influenced by price-related headlines and widespread social attention. Due to the absence of retail investors, market observers can speculate that the crypto cycle is in its early stages, and when retail investors begin to 'pile in', we will know that we are close to the peak of hype." (Cointelegraph)

According to Nate Geraci, president of The ETF Store, on the X platform, the asset size of BlackRock's Bitcoin exchange-traded fund iShares Bitcoin ETF (IBIT) has exceeded its gold exchange-traded fund iShares Gold ETF (IAU), and it was achieved in just 10 months. iShares Gold ETF (IAU) is a gold exchange-traded fund launched by BlackRock in January 2005.

It’s adding support for the Sei Network, so users will soon be able to buy, sell, and trade all their favorite Sei NFTs in one place. Magic Eden is like a big online store for NFTs. NFTs, or non-fungible tokens, are special digital items that can be artwork, game items, or collectibles. Magic Eden is […] The post Magic Eden Expands to Sei appeared first on Altcoin Buzz. source: https://www.altcoinbuzz.io/cryptocurrency-news/magic-eden-expands-to-sei/

Bankrupt FTX has filed a lawsuit to recover at least $11 million held in a Crypto.com account linked to its sister company, Alameda Research, according to a Nov. 8 filing. FTX alleges that before filing for bankruptcy, Alameda held an account at Crypto.com registered under the name Ka Yu Tin, also known as Nicole Tin. […] The post Bankrupt FTX targets Crypto.com in $11 million lawsuit amid... source: https://cryptoslate.com/bankrupt-ftx-targets-crypto-com-in-11-million-lawsuit-amid-recovery-effort/

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.

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Any place where transactions are conducted outside of traditional exchanges can be considered an OTC market. As an international financial center, Hong Kong's open attitude and policies towards cryptocurrencies provide a new channel for mainland Chinese investors.

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Lazada Malaysia is launching AI Lazzie, an AI-powered shopping assistant that offers personalised recommendations and fun features for the 11.11 sale. The platform also introduces virtual try-ons and aims to improve the AI shopping experience based on growing consumer demand in Southeast Asia.

Grammy Award-winning singer Dua Lipa was seen parading around Singapore to look for local delicacies all around the islands days before her concert on the 5th of November.

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According to the company’s latest disciplinary report, the cases involve allegations including embezzlement and non-state employee bribery, though details of some cases remain undisclosed.