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The Democratic Party has regained control of both the House and Senate in the U.S. midterm elections. According to Fortune magazine, California Congressman Robert Garcia, who will serve as the chair of the House Oversight Committee in the new Congress, stated in a statement and on X to "Lawyer up." Reports indicate that the Trump family's cryptocurrency company World Liberty Financial (WLFI) may become the first business to be investigated.Robert Garcia previously stated that the committee will focus on investigating "Trump family corruption," which includes Trump's cryptocurrency business, which Fortune claims has generated over $1 billion in revenue for Trump. With the Democratic Party controlling the committee, they will have subpoena power to compel the government, private companies, and individuals to provide documents and testimony.The Democrats have previously focused on a member of the UAE royal family known as the "spy chief," who is set to acquire shares in World Liberty Financial for $500 million in 2025. The company is currently applying for a national banking license that requires approval from an agency under the U.S. Department of the Treasury. House Democrats had previously called on U.S. Treasury Secretary Janet Yellen to investigate the transaction and indicated they would review Trump's pardon of Binance co-founder Changpeng Zhao, who reportedly assisted the Trump family in launching a stablecoin. Robert Garcia stated that acting Attorney General Todd Blanche and other government officials may face subpoenas on the first day of the Democratic majority's tenure; corporate donors to the White House banquet hall project and businesses that have dealings with the Trump family are also expected to be among the first subjects of investigation, with related inquiries potentially starting as early as February 2027. White House spokesperson Lauren Bis stated in an interview with Newsweek before the election that the only agenda for the Democrats is to continue their decade-long "witch hunt" against Trump.

According to the market information platform Liquid247.xyz, the current price of BTC is $78,211. The thickest order book is on Hyperliquid perpetual: buy orders amount to $12.8841 million, sell orders amount to $3.0389 million, with buy orders exceeding sell orders by $9.8452 million.Binance's spot buy orders are also thicker than sell orders, but the scale is smaller than that of Hyperliquid perpetual. If a large buy or sell order suddenly appears, exchanges with thinner order books will be affected first, and price fluctuations will be more pronounced.

Gate gStocks has shown active performance on the gainers list, with leveraged ETFs related to the semiconductor industry and technology and healthcare sectors leading the gains in U.S. stock tokens. According to the latest market data from Gate, the Direxion Semiconductor 3x Short ETF (SOXSG/USDT) has risen by 6.37% in the last 24 hours, currently priced at $59.25; the AMD Semiconductor tokenized stock (AMDG/USDT) has increased by 5.25% in the last 24 hours, currently priced at $500.96; and the UnitedHealth Group tokenized stock (UNHG/USDT) has risen by 2.10% in the last 24 hours, currently priced at $407.29.Gate gStocks adopts a 1:1 fully-backed native stock reserve mechanism, where each tokenized security corresponds to an equal number of native stocks as underlying asset support, and supports 24/7 trading, unified account management, and a minimum investment of 1 USDT with fractional trading. Users can participate more flexibly in global popular stock investments, achieving a one-stop allocation of digital assets and traditional securities. As the ecosystem of tokenized securities continues to enrich, Gate gStocks will keep expanding more quality stocks and ETF targets, providing users with a more diverse selection of global asset allocation options.

The meme issuance platform Pump.fun announced that the NEAR token has now landed on the Pumpfun App. Users can trade NEAR ecosystem tokens within the app without the need for cross-chain bridging.

CryptoQuant analyst Darkfost stated that on-chain data shows that the "seller exhaustion model" indicator for Bitcoin has dropped to its lowest level since the bear market began. This model measures whether sellers still have enough chips to continue pushing prices down by comparing the market's profitable supply ratio with the average monthly volatility.As BTC has corrected more than 10% from its previous high, short-term profit-taking in the market has basically concluded, and selling momentum has significantly weakened. Historically, this sharp decline in selling pressure typically aids in the formation of market bottoms. The analyst also warned that reduced selling pressure does not equate to an immediate market rebound. The current core contradiction lies in the fact that although sellers have calmed down, the market still lacks sufficient "new demand" to drive prices upward. Until substantial buying capital returns, Bitcoin's upward potential remains limited.

According to Gelonghui, citing the China Academy of Information and Communications Technology, on November 4, a joint release of the "Self-Regulatory Convention for the Development of Intelligent Agents" was made by 20 entities including the China Academy of Information and Communications Technology, Huawei, Alibaba, Tencent, and Xiaomi.The convention mentions the construction of interconnected infrastructure for intelligent agents, co-building interoperable infrastructure, developing technologies and standards for intelligent agent registration and resolution, capability description and discovery, intent understanding and transformation, network routing and connection, resource scheduling and measurement, protocol compatibility and mutual recognition, continuously reducing the cost of cross-domain discovery and connection for intelligent agents, and supporting the interconnected collaboration of intelligent agents.The convention also mentions accelerating the empowerment of intelligent agents across various industries, adhering to serving the real economy, developing low-threshold tools for intelligent agent development and deployment, collaborating on research and development of intelligent agents aimed at real operational scenarios that create actual value, promoting the embedding of intelligent agents into existing production systems and business processes, creating benchmark applications, continuously reducing the cost of implementing intelligent agents, and assisting industries in improving quality and efficiency.

According to a report by Korean Electronic News on November 3, major global semiconductor equipment companies such as Applied Materials, ASML, Lam Research, Tokyo Electron, and KLA have entered the final stages of equipment supply contracts for 2028, with some companies also beginning discussions on procurement orders for equipment available in 2029. Industry insiders say that there is a surge in demand centered around front-end processes, with a desire to quickly move equipment into fabs. Core equipment partners of companies like TSMC, Micron, and Intel are formulating supply strategies for 2029, and some Korean equipment companies that directly trade with these overseas manufacturers are also reviewing supply plans for two to three years ahead.Discussions on wafer fab equipment supply contracts typically start 6 to 12 months before implementation, with delivery taking about 3 to 6 months after purchase orders are placed. Reports indicate that investment in artificial intelligence infrastructure continues, and semiconductor manufacturers are simultaneously advancing large-scale equipment investments, with equipment delivery times now more than doubled compared to usual, with some categories exceeding 2 years, and related contracts being pushed forward by 1 to 2 years compared to normal. ASML stated during its earnings announcement last month that it expects no interruptions in the supply of lithography equipment until 2028 and is also exploring plans to expand future capacity.An executive from a global equipment company stated that discussing equipment supply three years out at this point is unusual, and combined with the current state of fab investments, this trend is expected to continue until 2030. Another industry insider mentioned that global front-end and back-end investments are proceeding in parallel, and the trend of signing equipment import contracts earlier than competitors may spread to the back-end sector, prompting Samsung Electronics and SK Hynix to take measures to secure core process equipment in advance. Samsung Electronics and SK Hynix are currently continuing to advance their fab investments.

Lookonchain monitoring shows that a certain address's BTC short position was liquidated 6 times within two hours, totaling approximately 199.83 BTC, worth about 15.45 million USD.

The IPO dedicated website of AI company Anthropic, ipo.anthropic.com, is now live. The page is very simple, featuring three circles of increasing size, along with the phrase "More information to come." Developers examining the webpage code discovered that the site has preset paths for regions including the United States, the United Kingdom, Canada, Australia, and Japan, and also contains Japanese prompt text.Anthropic plans to issue stocks to retail investors in Japan, the United Kingdom, Canada, Australia, and some European countries, with participating institutions such as Interactive Brokers, Revolut, and SBI already announced. Japanese regulatory documents indicate that the local issuance scale is expected to be up to approximately $3.5 billion. The company publicly submitted its IPO prospectus on October 26, intending to list on NASDAQ under the code ANT, and may initiate the listing promotion during the week of November 9, aiming to complete the listing by the end of the month.

Yushu Technology founder Wang Xingxing stated at the 2026 World Internet Conference Wuzhen Summit Internet Entrepreneur Forum that next year (2027) is likely to be a critical point for the robotics industry or robotic models.Wang Xingxing pointed out that embodied intelligence is very close to the "ChatGPT moment," but the alignment issue of the "last few millimeters" in the physical world still needs 1 to 3 years to break through. If this subtle operational alignment challenge is resolved, next year is expected to witness an explosive deployment of generalized embodied intelligence.

According to reporters from the Science and Technology Innovation Board Daily, Tencent Hunyuan has released the latest generation large language model, Hy4. Compared to Hy4 preview, Hy4 has expanded its data and training scale in pre-training and post-training, introduced visual understanding capabilities for the first time, and improved performance in instruction following, long text understanding, and long-range intelligence, while also supporting computer operations for the first time.Currently, Hy4 has been launched in Tencent Cloud Tokenhub, WorkBuddy, CodeBuddy, Yuanbao, WeChat Work Intelligent Assistant Dayuan, ima, and other products, with API integration into platforms such as OpenRouter, Hermes, and OpenCode. This information was reported by Li Jiayi from the Science and Technology Innovation Board Daily.

On November 4, the head of the Binance Chinese community, Sisi, responded to the security incident at the end of October, stating that approximately $6.3 billion was transferred out of the Binance system, and the responsibility lies with Binance, not with any individual engineer or technical standard. She stated that the related losses would be compensated by the platform, and users could verify themselves on the reserve proof page; the frozen and intercepted portions would be recovered one by one in cooperation with law enforcement and on-chain institutions.Sisi mentioned that after the withdrawal was reopened, the platform focused on ensuring that every withdrawal was processed. She stated that the scale of withdrawals in the past two days was on the same level as the stolen amount, and every transaction had been fulfilled, with user assets remaining intact; the platform did not misappropriate user assets. She also stated that the company's decision-making body requested that the investigation report be unembellished and truthfully disclosed, with timelines, attack paths, malicious script operations, and internal shortcomings all included in the report.Sisi cited an FBI report stating that the adversary was a nation-state actor, and since the beginning of this year, Binance had intercepted 57 suspected attacks from the same source. She indicated that all intrusion points mentioned in the report had been blocked; as of November 3, the affected wallet system had been rebuilt in a new environment, internal AI tools had been rebuilt and permissions tightened, affected devices had been replaced, relevant credentials and tokens had been invalidated, and a comprehensive device security scan and wallet risk control upgrade had been completed. She also mentioned that some defensive lines would not be made public and that an independent third-party security agency had been hired for review, with the conclusions to be announced externally. Binance's preliminary investigation previously indicated that the incident involved assets of approximately $6.34 billion, with about $2.85 billion frozen or intercepted, and the losses would be borne by the platform.

Former Democratic Senator Sherrod Brown defeated incumbent Republican Senator Jon Husted in the Ohio Senate seat race, reclaiming the Senate seat, which poses a setback for the cryptocurrency political action committee Fairshake. Earlier this year, Fairshake invested $30 million in the Ohio campaign, explicitly targeting Brown. The crypto PAC and the broader cryptocurrency industry played a significant role in the 2024 elections, spending millions to influence political outcomes.This is not the first time Fairshake has funded efforts against Brown. Brown previously served as the chairman of the Senate Banking Committee, leading the cryptocurrency-related agenda and calling for action against the use of cryptocurrencies to fund terrorism and evade sanctions. In 2024, Fairshake invested $12 million to support pro-crypto Republican Bernie Moreno in challenging Brown, successfully defeating him. With the Democrats regaining control of the Senate, Brown may become the chairman of the Senate Agriculture Committee, which has jurisdiction over digital assets and prediction markets. Sources previously told The Block that if Brown takes the position, he is unlikely to push for any cryptocurrency legislation.Husted received support from the cryptocurrency advocacy group Stand With Crypto, having voted in favor of several cryptocurrency bills, including the broad cryptocurrency legislation "Clarity Act," and received an A rating from the organization, while Brown was rated F. Other candidates supported by Stand With Crypto include New Hampshire Democrat Chris Pappas, who won his campaign. Additionally, Democratic Senators Cory Booker and Mark Warner both successfully secured re-election, both of whom were involved in cryptocurrency legislative negotiations. Texas Democratic Senate candidate James Talarico received an A rating for his previous pro-crypto statements and voting to support the establishment of a strategic Bitcoin reserve in the state, defeating Texas Attorney General Ken Paxton on Tuesday.

According to the Hong Kong News Bulletin, the main forum of Hong Kong FinTech Week x StartmeupHK 2026 concluded on November 3 at the Hong Kong Convention and Exhibition Centre. The Deputy Secretary for Financial Services and the Treasury, Chan Ho Lam, stated: "Certainty plays a key role in innovative development. Under the direction of the 'Hong Kong Digital Asset Development Policy Declaration 2', we will establish a licensing system for virtual asset trading, custody, advisory, and management services, and submit a draft amendment to the Legislative Council in 2026 to clarify the compliance path for the market."In addition, during the panel discussion, the Chief Executive Officer of the Securities and Futures Commission, Ashley Alder, elaborated on the SFC's strategic vision, pointing out that artificial intelligence and tokenization will empower the development of Hong Kong's financial market, but it is essential to protect investors and maintain market integrity at the same time. Ashley Alder also noted that in the face of increasingly severe threats related to artificial intelligence, the industry must enhance cyber resilience. Regarding tokenization, she believes that achieving true scale effects hinges on integrating it into market operations, bringing substantial benefits through improved efficiency, accessibility, liquidity, and settlement speed. The Chief Executive of the Hong Kong Monetary Authority, Eddie Yue, stated that Hong Kong has the advantage to seize new growth opportunities brought by financial technology. With the good progress made under "FinTech 2030," banks and fintech companies will be able to utilize data, artificial intelligence, tokenization, and other emerging technologies more effectively.

The founder of the cryptocurrency exchange BitMart, Sheldon Xia, announced the closure and is advancing the restructuring and liquidation process. He confirmed that BitMart also suffered a hacker attack yesterday, with a relatively small amount involved. The team has quickly launched an investigation and strengthened security defenses.Preliminary investigations indicate that yesterday's hacker attack may have been carried out by the same organization that attacked the Brazilian Bitcoin market Mercado Bitcoin yesterday.

The multi-chain NFT data platform NFTScan stated on platform X that due to business adjustments, it will no longer provide NFT data services for Polygon and Solana.

According to Jinshi reports, the latest statistics from the China Gold Association show that in the first three quarters of 2026, China has cumulatively increased its gold holdings by 103.26 tons. As of the end of September, China's gold reserves stand at 2409.59 tons, ranking 5th in the world.From November 2024 to September 2026, China has increased its gold holdings for 23 consecutive months.

UBS stated that the market is currently exhibiting risk-averse sentiment, responding to the rising possibility of a "blue wave" from the Democrats.UBS noted that this means resistance around investments in artificial intelligence and data centers may increase, while political deadlock and negotiations and bargaining among various parties regarding the debt ceiling and fiscal policy issues may also intensify.

According to monitoring by Lookonchain, the Binance hacker is continuously exchanging SOL for BTC. They first distribute SOL to multiple wallets and sell it for USDC; then, they transfer USDC to the Ethereum network via a cross-chain bridge and buy ETH, and finally, they exchange ETH for BTC through THORChain.