ll

On November 2, the Japanese financial group SBI Holdings announced its financial report for the first half of the fiscal year ending March 2027 (from April to September 2026). During this period, the revenue from the cryptocurrency business was 23.083 billion yen, a year-on-year decrease of 30.1%. The business recorded a pre-tax loss of 1.595 billion yen, compared to a loss of 147 million yen in the same period last year, with losses further widening.The group's consolidated revenue increased by 17.2% year-on-year, reaching 10.575 trillion yen, setting a historical high for the first half of the year. Revenue from the cryptocurrency business accounted for about 2% of the group's total revenue. During this period, SBI continued to expand its trading infrastructure layout.

HSBC announced the establishment of a global "Artificial Intelligence and Emerging Technology Research Institute" in the northern metropolitan area of Hong Kong, which is scheduled to begin operations in early 2027. The institute will focus on talent skill enhancement, artificial intelligence security and fraud detection, post-quantum cryptography, and blockchain, and will promote the application of innovative solutions across various business areas. HSBC has selected the Hong Kong University of Science and Technology as its main academic partner.

On November 3, QuestMobile released the "China Mobile Internet Autumn Report." As of September 2026, the scale of monthly active users in China's mobile internet reached 1.281 billion, a slight increase of 0.9% year-on-year; the average usage time per user in September was 189.8 hours, a year-on-year increase of 6.5%. Short drama videos and short videos have become the core sources of growth in usage time, contributing a growth rate of 111.5% as of September 2026. In that month, the total net increase in usage time for short drama video and short video apps was 13.329 billion hours and 5.717 billion hours, ranking first and second in the duration growth track, while the net increase for AIGC was 978 million hours, with the total usage time for online videos declining by 1.38 billion hours during the same period.In terms of user numbers, the top three applications within the Douyin Group in September 2026 were Douyin, Hongguo Free Short Drama, and Doubao, with deduplicated total user counts of 1.029 billion, 430 million, and 419 million respectively, with Hongguo surpassing Doubao. The top three applications in the same period last year were Douyin, Jinri Toutiao, and Douyin Lite. The user scale of the short drama video industry increased from 10 million to 400 million in less than three years, with a compound annual growth rate of 443.1%. Douyin, Kuaishou, and their lite versions occupy the top four positions in the short video industry and continue to show growth.Specifically, in September 2026, Hongguo Short Drama had 430 million monthly active users, while Hongguo Comic Drama had 7.883 million, with a year-on-year growth rate of 268.7 times. The newly launched Green Bubble Short Drama at the end of September reached 156 million monthly active users. The Hippo Theater app had 30.8 million active users in September, a year-on-year decline of 40.3%; the user volume of the top ten short drama mini-programs has exceeded that of the Hippo Theater app, with Lianqu Short Drama and Ceylon Theater having 75.17 million and 45.67 million respectively. According to iiMedia Consulting, the market size of China's micro short drama is projected to be 50.44 billion yuan in 2024, reaching 67.79 billion yuan in 2025, and expected to be 79.33 billion yuan in 2026.

According to the market intelligence platform Liquid247.xyz, Binance perpetual BTC has about 141.595 buy orders placed at $76,500, with a nominal value of approximately $10.832 million, retracting about 0.12% from the mid-price of around $76,593 at that time.The total near-term buy orders amount to approximately $58.7912 million, while sell orders are about $44.7164 million, resulting in a net long position of approximately $14.0748 million, accounting for 13.60% of the total depth.

Lookonchain reported that in the past 10 days, a certain whale deposited 184,200 AAVE into multiple exchanges, worth 25.5 million dollars; additionally, 56,150,000 WLD was deposited, worth 25.85 million dollars.

The cryptocurrency trading platform Crypto.com has confirmed that it will cease consumer app services in Hong Kong starting February 1, 2027, while continuing to apply for regulatory licenses for its institutional trading platform. The company informed Bloomberg that affected users have been notified and will receive guidance on closing their accounts and withdrawing funds.According to Hong Kong media HK01, Crypto.com mentioned changes in the regulatory environment in an email sent to Hong Kong users. The consumer app is operated by Foris DAX MT Limited, while another entity, Foris DAX HK Limited, is applying for a Virtual Asset Trading Platform (VATP) license in Hong Kong. According to the public register of the Hong Kong Securities and Futures Commission, this Hong Kong entity submitted its VATP license application on February 9, 2024, and is still in a "deemed licensed" transitional status, having not yet obtained full regulatory approval.Crypto.com told Bloomberg that it will continue to advance the licensing application for the institutional-level Crypto.com Exchange platform. This adjustment means that its retail and institutional businesses in Hong Kong will proceed in phases, with consumer services exiting first.

According to Rootdata, yesterday (Eastern Time November 2) the total net outflow of Ethereum spot ETFs was $140 million.The Ethereum spot ETF with the highest net outflow on that day was BlackRock ETF ETHA, with a net outflow of $138 million. As of that trading day, ETHA had a historical cumulative net inflow of $11.749 billion.Next was BlackRock ETF ETHB, with a net outflow of $4.6 million. As of that trading day, ETHB had a historical cumulative net inflow of $783 million.

According to Rootdata, yesterday (Eastern Time November 2), the total net outflow of Bitcoin spot ETFs was $399 million.The Bitcoin spot ETF with the highest net outflow for the day was BlackRock ETF IBIT, with a net outflow of $405 million. As of that trading day, IBIT had a historical cumulative net inflow of $65.935 billion.The Bitcoin spot ETF with the highest net inflow for the day was Fidelity ETF FBTC, with a net inflow of $6.7 million. As of that trading day, FBTC had a historical cumulative net inflow of $10.185 billion.

Informed sources revealed that Marvell Technology and Lumentum received support from NVIDIA CEO Jensen Huang before finalizing a nearly $103 billion merger deal.The CEOs of Marvell and Lumentum consulted Huang for advice via a call before the announcement of the deal. Helston stated that NVIDIA responded positively, and the acquisition will accelerate the provision of diversified products for them.

Solana disclosed that the stablecoin card spending on its network reached 7 times that of the same period last year.

According to the market information platform Liquid247.xyz, the current price of ETH is $2,251.04. The thickest order book is on Binance perpetual: buy orders at $56.2832 million, sell orders at $54.7723 million, with buy orders exceeding sell orders by $1.5109 million.Coinbase's spot buy orders are also thicker than sell orders, but the scale is smaller than that of Binance 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.

On November 3, at the 2026 World Internet Conference in Wuzhen, Jack Ma, co-founder and chairman of Alibaba Group, delivered a keynote speech stating that the demand for AI continues to rise, and Chinese companies are continuously increasing their efforts in model open sourcing and ecological openness, with key indicators such as open source model downloads remaining at the forefront. He emphasized, "Only open source can be popularized, and only popularization can create a sustainable and inclusive era of intelligence."According to Jack Ma, three years ago, Alibaba proposed an open source strategy. As of now, Alibaba Qianwen has open-sourced over 470 models, with a total global download exceeding 4 billion.

According to SoSoValue data, the total net outflows for the US XRP, HYPE, and ZEC spot ETFs were $529,500, $2,859,800, and $3,632,400 respectively, totaling a net outflow of $7,021,700.For XRP, only the Canary XRP ETF (XRPC) recorded a net outflow on that day, amounting to $529,500. The historical cumulative net inflow for this fund is $485 million. As of the time of writing, the total net asset value of the XRP spot ETF is $1.425 billion, with a net asset ratio of 1.8%, and a historical cumulative net inflow of $1.808 billion.For HYPE, the 21Shares Hyperliquid ETF (THYP) had the highest single-day net outflow, at $1,450,200, with a historical cumulative net inflow of $29,287,500. The second highest was the Bitwise Hyperliquid ETF (BHYP), with a single-day net outflow of $1,409,600 and a historical cumulative net inflow of $125 million. As of the time of writing, the total net asset value of the HYPE spot ETF is $412 million, with a net asset ratio of 2.07%, and a historical cumulative net inflow of $300 million.For ZEC, the Zcash ETF (ZCSH) recorded a net outflow of $3,632,400 on that day, with a historical cumulative net inflow of $218 million. As of the time of writing, the total net asset value of the ZEC spot ETF is $668 million, with a net asset ratio of 3.44%, and a historical cumulative net inflow of $218 million.

According to the latest rankings from QuestMobile, in September 2026, Alibaba's AI application Qianwen App reached 158 million monthly active users, a year-on-year increase of 5077%, ranking first in growth among apps with over 100 million monthly active users. In the domestic AI native app rankings, Qianwen ranks second, surpassing DeepSeek's 123 million, but still below the first place, Doubao, which has 419 million.This growth is related to Alibaba's large-scale promotion. In November last year, the Tongyi App was renamed to Qianwen. This Spring Festival, Alibaba announced an investment of 3 billion yuan to launch a free order campaign, allowing users to order milk tea and takeout through AI. The campaign link was widely shared in WeChat groups, and the system experienced delays due to increased traffic. QuestMobile data shows that on the first day of the campaign, Qianwen's daily active users rose from about 7.06 million to 58.48 million.The year-on-year growth of 5077% was also influenced by last year's low base. Based on year-on-year data, Qianwen's monthly active users were about 3.05 million in September last year. By March this year, Qianwen's monthly active users had reached 166 million, rising to 167 million in June, and then falling back to 158 million in September, a decrease of about 9 million compared to June, with a decline rate of approximately 5.4%.

On-chain analyst Ai Yi stated that a certain whale redeemed assets from Compound during a drop this morning, and then sold 1,470 ETH (worth 3.31 million USD), 63.46 WBTC, and cbBTC (worth 4.868 million USD) on-chain. This address had not operated for 22 days prior.

Binance released security incident recovery update #6, announcing that starting from November 3 at 12:00 PM (Beijing time), the withdrawal function for more assets will be gradually reopened in batches, involving networks such as BSC, ETH, SOL, XRP, TRON, Arbitrum, Optimism, Base, etc. Supported assets include BTC, ETH, XRP, SOL, DOGE, ADA, LINK, SHIB, USD1, FDUSD, and others.Binance stated that not all assets will be immediately available for withdrawal, and the recovery will be gradually restored based on security checks and readiness. Due to high traffic, there may be delays or extended processing times during the initial withdrawal phase. Binance emphasized that the platform will bear all economic losses caused by this security incident and will not pass the losses onto users.

The NFT project Robin Guards published a lengthy article titled "How Crypto Twitter KOLs Scam Projects (With Proof)" on November 2. The project claims to have collaborated with approximately 200 KOLs, totaling over 10 million followers, but ultimately sold only 200 NFTs, resulting in a conversion rate of about 0.002%. The project stated that after refusing to continue paying for related promotions, the same group of people began to label it as a scam, naming several KOLs they had previously collaborated with in the article and demanding explanations for behaviors such as purchasing fake interactions, posting in interaction groups, and disguising influence.Robin Guards stated that these KOLs initially posted positive promotions and called on their followers to participate; however, upon learning about bot posts, interaction group boosts, similar AI replies, and the sudden appearance of a large number of views without payment, they turned around and labeled the project as a scam. The project also mentioned that the account grebby began accusing it of fraud the day before, while that account itself sells fake followers and fake interaction services, and some of the named KOLs had purchased so-called smart followers and fake interactions from it. The project stated that it has attached screenshots in the article and claimed to have been in this field for 2 years, also being part of similar interaction groups.In the article, Robin Guards mentioned that these types of accounts are concerned with about $50 in rewards for each post, and real influence does not need to be purchased. The project suggested that other teams check the reach-to-view ratio, whether reply accounts are duplicated, and request actual conversion results from past activities, rather than just screenshots of views. The Robin Guards account had previously described itself as the privacy layer of Robinhood Chain, but its current profile states that it is a project that encountered fake KOLs on Crypto Twitter.

According to on-chain analysts' monitoring, the hacker suspected of stealing 106 million dollars from EU entities bought 27,553 ETH (62.83 million dollars) in a single day yesterday, with all transactions completed on-chain at an average price of 2,280.34 dollars. It seems that they have currently paused their purchases.