Overview of Important Developments on November 2nd at Noon

1. Chen Haolian: Hong Kong has strong potential for Web3 development;

2. pump.fun transferred 90,000 SOL to Kraken 4 hours ago;

3. SEC crackdown causes cryptocurrency companies to lose $426 million;

4. Web3 companies raised $5.4 billion in the first three quarters of 2024;

5. IRS: Crypto rewards received before account freeze are taxable in the year received;

6. U.S. October non-farm payroll data surprises, traders increase bets on a 25 basis point Fed rate cut;

7. Over 12,000 BTC flowed out from two Bitcoin products under WisdomTree, valued at over $830 million.