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Gate launched the 7-day check-in sprint for the second phase, with a prize pool of 40,000 USDT covering newcomers, check-ins, and transaction volume rankings

According to the official announcement, the Gate Gold Dog 7-day check-in sprint for the second phase activity will take place from November 6, 16:00 to November 13, 16:00 (UTC+8), with a total prize pool of 40,000 USDT. After users complete registration, trading in the Gold Dog special area for SOL chain tokens will allow them to participate in three exclusive activities for new users: daily check-ins and trading volume rankings, with buy and sell transaction volumes combined for calculation.During the event, new users of Gold Dog who accumulate a trading volume of 100 USDT will receive a 10 USDT fee rebate voucher; if a user's daily trading volume reaches 200 USDT, they will complete that day's check-in. Accumulating check-ins for 3, 5, and 7 days will correspond to rewards of 2, 4, and 7 USDT respectively, with each person only eligible to receive the final highest tier reward.Regarding the trading volume rankings, if a user's daily trading volume reaches 2,000 USDT, they can complete that day's sprint check-in. If they accumulate for 3 days and the total trading volume of the event reaches 10,000 USDT, they can participate in the rankings, with the top 500 sharing 20,000 USDT. If the top trading volume reaches 400,000 USDT, they will receive 2,000 USDT exclusively, while other ranked users will share the remaining prize pool based on their trading volume proportion, with a maximum of 50 USDT per person. Daily check-in and trading volume ranking rewards cannot be stacked; if both are met, the higher reward will be granted.

The Democratic Party plans to apply pressure on Trump through five lines, covering cryptocurrency legislation and AI regulation

According to Bloomberg, the Democratic Party in the United States will leverage the oversight powers of relevant committees in the House of Representatives and the Senate over the next two years to exert pressure on the Trump administration in five key areas, focusing on government investigations, fiscal budgets, Iran policy, artificial intelligence regulation, and cryptocurrency legislation. In terms of cryptocurrency, the Democrats' previous efforts to establish a regulatory framework for the crypto market have stalled, primarily due to a lack of consensus between senators and the White House on ethical standards related to political figures' crypto businesses.This provision aims to limit potential conflicts of interest arising from Trump's personal cryptocurrency business, making the legislative prospects for crypto market regulation similar to the CLARITY Act even more uncertain. In the House of Representatives, Maxine Waters is expected to serve as the chair of the Financial Services Committee, but her long-held position is challenged by Sean Casten; in the Senate, Elizabeth Warren will take on the role of chair of the Banking Committee, where she has long held a critical stance on cryptocurrency, and Sherrod Brown will also return to the Senate.Additionally, regarding AI regulation, the Democrats plan to intensify investigations into AI companies and their CEOs, focusing on data center construction, risks associated with advanced AI models, and the technology's impact on the job market. On Iran policy, the Democrats may use defense budgets, congressional investigations, and war powers resolutions to check the Trump administration.

Gate pioneered the PoSEC fund security certification, with a cold storage coverage rate of 104.58%, enhancing security guarantees

According to the official announcement, Gate has officially launched a new Proof of Security (PoSEC), becoming the first digital asset trading platform in the industry to propose a PoSEC security certification system, extending security verification from reserve adequacy to asset storage structure and risk protection.According to Gate's official page, as of the snapshot on November 4 at 08:00 (UTC+8), the platform's cold storage coverage rate reached 104.58%, with cold storage and hot wallet asset ratios being 88.26% and 11.74%, respectively. This means that according to the corresponding statistical criteria, even if all hot wallet assets are lost, cold storage can still cover all user assets. Currently, this data is being verified by an independent third-party auditing agency, and the report will be published on the official website once completed.In 2020, Gate was the first to launch an open-source Proof of Reserves (PoR) related program, and has since continued to strengthen a multi-layered security system that includes mechanisms such as the separation of cold and hot wallets, multi-signature, multi-party secure computation (MPC), and dynamic risk monitoring. The introduction of PoSEC further extends the verification of fund security from reserve adequacy to storage safety and extreme risk coverage capability, providing a new practical path for establishing a more comprehensive and transparent fund security standard for the industry.

CITIC Securities Bao Chengchao: The valuation of domestic large-cap blue chips is relatively low, and the recovery space for domestic demand manufacturing is the most ample

According to reports from People's Financial News, Bao Chengchao, the chief strategist of the research department at CITIC Securities, pointed out in his latest insights that, compared to the global market, the valuation of domestic large-cap blue-chip stocks is at a relatively low level. The A-shares market is the only one among the U.S., Japan, South Korea, and A-shares where the AI relative to non-AI valuation premium is still higher than the historical mean. As of October 22, 2026, the PE ratio of A-shares for AI/non-AI is 4.4 times, which is at the 82nd percentile since 2016, while the same indicator for the U.S., Japan, and South Korea has fallen to the 1%, 17%, and 24% percentiles, respectively.The AI premium in overseas markets has largely been absorbed by the rise in non-AI valuations. The PE ratios for non-AI non-financial leaders in the U.S. and Japan are 33.5 times and 23.0 times, respectively, which are at the 98% and 95% percentiles in history. The overall PE ratio for A-shares related to domestic demand and manufacturing non-AI blue-chip stocks is only 15.6 times, which is at the 21% percentile in history. Bao Chengchao believes that this misalignment indicates that the large-cap blue-chip stocks related to domestic demand and manufacturing in A-shares have relatively ample room for valuation recovery.Bao Chengchao also stated that the realization of this space requires coordination with macro conditions. On the overseas front, if the AI spending cycle gradually approaches a downward turning point, long-term U.S. Treasury rates may also decline, leading to marginal improvements in the demand and valuation environment for global non-AI sectors. Domestically, the clear alignment of fiscal and monetary policies places a focus on expanding domestic demand, with increasing signals of marginal improvement in core indicators of domestic demand. If the decline in overseas interest rates and the recovery of the domestic economy create a phase resonance, the profit expectations and valuation constraints of large-cap blue-chip stocks in A-shares are expected to recover simultaneously.
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