On November 7th, San Francisco-based venture capital firm GFR Fund announced that its third fund, "GFR Fund III," has raised $53.5 million. The fund will focus on investing in fields such as generative AI, gaming, entertainment, and emerging digital native communities. One-third of the investments will be allocated to gaming content and technology companies, one-third will focus on emerging entertainment companies, and the remaining one-third will be invested in consumer technology enterprises.

According to the latest report from CoinShares on November 6th, digital asset investment products had a total inflow of $261 million last week, marking the sixth consecutive week of inflows and bringing the total inflow to $767 million, surpassing the total inflow of $736 million in 2022. Bitcoin investment products had a total inflow of $229 million, bringing the year-to-date inflow to $842 million. Ethereum saw its largest inflow since August 2022, with a total of $17.5 million.

The London Stock Exchange Group (LSEG) has posted a job listing on LinkedIn seeking a digital asset manager with knowledge of digital assets, cryptocurrencies, and distributed ledger technology. According to the job description, the future digital asset manager will assist the company in planning and deploying a series of new infrastructure solutions and capabilities for its business strategy, while also being responsible for developing LSEG's brand and ecosystem in the digital private market.

Adidas and Bugatti are partnering to auction limited edition football shoes on Adidas' Web3 platform. These 99 pairs of shoes are inspired by Bugatti car designs and come with digital twin NFTs, and will be available for sale from November 8th to 11th.Potential collectors will be able to bid using MoonPay. The announcement states, "Although using cryptocurrency, users can use MoonPay to directly use traditional currency in the auction."

According to CoinShares, digital asset investment products experienced net inflows of $66 million last week, marking the fourth consecutive week of inflows. The total inflows over the four-week period amounted to $179 million, bringing the total assets under management for fund managers like CoinShares, Bitwise, Grayscale, ProShares, and 21Shares to $33 billion. Despite the excitement over a spot bitcoin ETF launch in the US, the recent inflows are relatively low compared to June announcements. The analysts suggest that this may indicate investors adopting a more cautious approach this time. Solana captured the largest portion of altcoin inflows, with $15.5 million in inflows last week, making it the most popular altcoin this year so far.

According to a report by CoinShares, digital asset investment products saw a consecutive fourth week of inflows, reaching a total of $66 million and bringing the total inflows over the past four weeks to $179 million. With recent price increases, the total assets under management (AuM) have risen 15% since the low point in early September, currently nearing $33 billion, the highest point since mid-August. 84% of the inflows went to Bitcoin investment products, bringing the total inflows from the beginning of the year to $315 million.

On August 29th, according to a report by CoinShares, the total outflow of funds from digital asset investment products last week was $168 million, the largest outflow since March 2023. Among them, the total outflow of funds from Bitcoin investment products last week was $149 million, and the total outflow of funds from Ethereum investment products was $16.8 million. The total outflow of funds from digital asset investment products in August this year was $278 million.

Patrick McHenry, the Chair of the Financial Services Committee of the US House of Representatives, has issued a statement opposing the proposed rules on reporting requirements for digital assets by the Treasury Department and the Internal Revenue Service (IRS). McHenry stated that "the notice of proposed rulemaking on reporting requirements for digital assets is another front in the Biden Administration's ongoing attack on the digital asset ecosystem. After the passage of the Infrastructure Investment and Jobs Act, many legislators from both parties made it clear that any proposed rules must be tailored and clear. I am pleased to see that the proposed rules' delayed effective date and exemptions for other activities reflect the bipartisan legislation, the US Innovation Preservation Act. However, it fails in many other respects, and any other rulemaking related to other parts of the law must comply with Congress's intent. The Biden Administration must stop its efforts to strangle the American digital asset ecosystem and work with Congress to ultimately establish clear rules for the industry. I look forward to advancing my bipartisan solution, the US Innovation Preservation Act, to address these misleading reporting requirements, protect market participants' privacy, and ensure that the digital asset ecosystem can thrive in the United States."

Aptos announced the launch of a new Aptos Digital Asset (DA) standard to address the limitations of ERC-721, SPL, TokenV1 and other standards. Aptos stated that DA focuses specifically on NFTs in the Aptos blockchain, providing flexibility and programmability using the Move object model. DA introduces enhanced features to enable seamless airdrops, token soul binding, enhanced performance, and more efficient on-chain data management.

According to the hashking.fi website, the lock-up amount of HashKing FIL Staking has reached 1,128,528.97 coins. HashKing is a decentralized digital asset staking service protocol.