The Hong Kong Monetary Authority launched the pilot phase of Project Ensemble on Thursday, moving from sandbox testing to live transactions using tokenized deposits and digital assets. The pilot will run through 2026, initially focusing on tokenized money-market fund transactions and real-time treasury management. Interbank settlement will be supported by the HKD Real Time Gross Settlement system.

U.S. spot bitcoin exchange-traded funds recorded net outflows of $869.9 million on Thursday, marking the second-largest single-day exit since launch, according to SoSoValue data. Grayscale's Bitcoin Mini Trust led withdrawals with $318.2 million, followed by BlackRock's IBIT at $256.6 million and Fidelity's FBTC at $119.9 million. Bitcoin fell 6.4% over 24 hours to $96,956 as of 2:30 a.m. ET Friday, with analysts citing a risk-off sentiment amid macro uncertainty.

The Monetary Authority of Singapore will trial tokenized MAS bills issued to primary dealers and settled using central bank digital currency. Managing Director Chia Der Jiun said tokenization has moved from experimental phases into real-world commercial deployment, though structural obstacles remain before widespread adoption. Detailed trial specifications will be released next year.

Cathie Wood's Ark Invest purchased $30.5 million in Circle Internet Group shares on Wednesday across three ETFs. Circle's stock fell 12.2% to $86.3 despite the company reporting third-quarter revenue of $740 million, up 66% year-over-year, and net income of $214 million.

Nasdaq-listed VCI Global has agreed to purchase $100 million worth of OOB tokens from crypto payment platform Oobit. The transaction comprises a $50 million restricted share issuance to the OOB Foundation and an additional $50 million in secondary market purchases. The deal will make Tether VCI Global's largest shareholder through its stake in Oobit, according to the company.

Australian Securities and Investments Commission Chair Joe Longo stated that Australia must embrace tokenization or risk being left behind as distributed ledger technology reshapes global capital markets. Longo announced plans to review and relaunch ASIC's Innovation Hub to better support financial market innovation in the country.

Coinbase Global has submitted formal comments calling on the U.S. Treasury Department to implement GENIUS Act regulations that strictly adhere to the statute's original intent. The exchange argued that non-financial software, blockchain validators, and open-source protocols should remain outside regulatory scope. It also emphasized that stablecoin intermediaries offering loyalty rewards should not be subject to the Act's prohibition on interest payments, which applies only to issuers.

The Bank of England will publish its consultation on stablecoin regulation on November 10, Deputy Governor Sarah Breeden said. The proposals are expected to include holding caps of £20,000 for individuals and £10 million for businesses, with initial rules applying to systemic stablecoins.

DeFi protocol Stream Finance has halted all withdrawals and deposits following a $93 million asset loss reported by an external fund manager on Monday. The platform has engaged law firm Perkins Coie LLP to investigate the incident. Its stablecoin xUSD has depegged to $0.53.