Featured Highlights:

1.Binance may release a new product on November 8;

2. Ava Labs’ large-scale layoffs affected multiple teams, and the marketing department was hit hard;

3. Report: Binance will account for more than 50% of the CEX market trading volume in 2023;

4. Coinbase will stop supporting Bitcoin SV, and users must withdraw funds before January 9, 2024;

5. People familiar with the matter: Proof Group, which has invested in crypto projects such as Aptos and Sui, is participating in the bidding for the FTX restart plan

🎉🎉🎉 Binance is about to release a new product! It is reported that this will be the key to attracting the next billion users. Everyone, guess what this mysterious new product will be? Welcome to speak freely in the comment area~ 😄

In addition, Ava Labs laid off large-scale layoffs, and the marketing department was hit hard. Ava Labs made massive layoffs on Monday, affecting multiple teams including communications and marketing, Decrypt reported. Garrison Yang, Ava Labs' vice president of growth and strategy, said on Twitter Monday afternoon that the layoffs affected "a lot of people," particularly those in the company's marketing department.

In terms of market, the report shows that Binance will account for more than 50% of the CEX market trading volume in 2023. Coinbase is about to stop supporting Bitcoin SV, and users need to withdraw funds before January 9, 2024.

Finally, people familiar with the matter revealed that Proof Group, which has invested in crypto projects such as Aptos and Sui, is participating in the bid for the FTX restart plan. Multiple proposals for a potential relaunch of FTX have been whittled down to one of three shortlists, according to investment bank Perella Weinberg Partners. In addition to a possible reboot, other options being considered include selling the entire trading platform and its list of 9 million customers, or bringing in partners.