A list of important developments at noon on November 2

7:00-12:00 Keywords: Hong Kong, SEC, IRS

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 funding in the first three quarters of 2024;

5. The US Internal Revenue Service requires taxes to be paid on cryptocurrency rewards received in the year they are received, before account freezing;

6. US non-farm payroll data for October was disappointing, leading traders to increase their bets on a 25 basis point interest rate cut by the Federal Reserve;

7. Over 12,000 BTC worth over $830 million flowed out of two bitcoin products under WisdomTree.

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