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JPMorgan conducted a scenario analysis on four potential congressional power combinations following the U.S. midterm elections. Among them, the probability of the Democratic Party winning control of both the House and Senate is the highest at 66%; the Republican Party's chance of retaining both chambers is only 7%, but this corresponds to the largest expected increase in the S&P 500 index among the four scenarios. In the scenario where the Democratic Party controls both chambers, the S&P 500 index could drop by 0.25% or rise by 0.5%. Concerns about stricter AI regulations and restrictions on data center construction may trigger a sell-off in AI concept stocks.JPMorgan believes that even if legislation restricting the development of the AI industry is passed by Congress, it would be difficult to gather enough votes to override Trump's presidential veto. Therefore, it suggests that traders consider buying during pullbacks in tech stocks. Fiscal deficit spending may decrease, and long-term U.S. Treasury yields could face downward pressure. Some corporate executives associated with Trump's political donations may face greater risks of congressional investigations. The probability of the Democratic Party controlling the House and the Republican Party controlling the Senate is 26%, with the S&P 500 index expected to rise by 0.5% to 1%. The market may welcome the legislative stalemate brought about by the distribution of power, leading to a potential decline in long-term U.S. Treasury yields, although some companies and their leaders may still face congressional inquiries.In the scenario where the Republican Party retains both chambers, the S&P 500 index is expected to rise by 1% to 1.25%. The market would not have to immediately face new congressional regulatory risks, and the additional policy pressures on tech companies would also be relatively limited; however, fiscal deficit spending may further increase, pushing long-term U.S. Treasury yields higher, and Trump may continue military actions against Iran. The probability of the Republican Party controlling the House and the Democratic Party controlling the Senate is 1%, with the S&P 500 index expected to rise by 0.25% to 0.75%. A split Congress could lead to more intense budget battles, potentially resulting in a federal government shutdown, and the Democratic Party could still conduct congressional investigations after gaining control of the Senate.

According to an update released by Matt Palmer, the demonstration of Grok Bot's features includes shopping cards, product pages, order tracking, and payment.The demonstration also covers custom modes, team Bot login and setup, sharing and finding team Bots, as well as Slack connector requests and Vault contacts. Musk retweeted the introduction, calling it an improvement for Grok Bot.

Glassnode released data on social media indicating that BTC sellers have been continuously cutting losses below $80,000. Last week saw the longest duration of daily net realized losses since mid-August.The concentrated loss periods in August and September both formed at local lows. If the price can stay above $75,000, it will once again align with this pattern.

According to Coinglass monitoring, the balance of Bitcoin wallets on Binance has decreased for four consecutive days, reaching approximately 652,300 BTC today.On October 30, when Binance was hacked, its Bitcoin wallet balance was about 675,500 BTC, a reduction of approximately 23,200 BTC. Additionally, possibly influenced by Binance's opening of withdrawals, data shows that the balance of Bitcoin wallets on Binance decreased by about 15,894.17 BTC in the past 24 hours.

According to Coin Bureau citing data from Goldman Sachs' prime brokerage business, hedge funds have net sold global AI-related stocks for five consecutive trading days, with the total selling amount offsetting all net purchases of AI stocks since the beginning of 2025. The data shows that hedge funds have sold approximately $20 billion in tech stocks over the past two weeks, primarily by reducing existing long positions, with the scale of selling long positions being about 3.5 times that of new AI short bets.On October 22, the basket of popular stocks tracked by Goldman Sachs for hedge funds fell 4.2% in a single day, marking the worst performance since 2011. Additionally, according to Steno Research citing data from Morgan Stanley, hedge funds reduced their overall stock exposure by about 7.8%, the largest decline since the bank began tracking in 2016. Meanwhile, storage chip companies such as Samsung, SK Hynix, Micron, and SanDisk have collectively evaporated over $700 billion in market value in less than two weeks, with chip stocks down 15.6% in October, while the S&P 500 index fell by less than 1% during the same period.

According to a notice from the U.S. Department of Justice, two Texas men, Raymond Christian Garcia and Isiah Angelo Garcia, were sentenced to 180 months and 186 months in prison, respectively, for armed kidnapping of a family and extorting cryptocurrency in Minnesota in September 2025. The two pleaded guilty in June 2026 and were sentenced on October 29.Court documents show that on September 19, 2025, the two broke into the victims' home, bound the family with zip ties, and held them at gunpoint for over 9 hours, forcing the victims to hand over access to their cryptocurrency accounts.As the amount transferred by the victims did not meet their expectations, the two further forced the victims to drive to their cabin in northern Minnesota to retrieve more cryptocurrency storage devices and complete the transfer, ultimately coercing the victims to transfer over 8 million dollars in cryptocurrency. After the victim's son called 911, the two fled and were later arrested near Houston, Texas.

The KOSPI index in South Korea closed down 209.62 points, a decrease of 3.53%, at 5728.04 points, with SK Hynix falling about 7% and Samsung Electronics dropping about 3%.The Nikkei 225 index closed down 1369.36 points, a decrease of 2.12%, at 63290.11 points, with electronic stocks dragging down the market.

According to a report by the Science and Technology Innovation Board Daily on October 30, the artificial intelligence company Zero One Everything, founded by Kai-Fu Lee, has reached a cooperation agreement with Hangzhou City and Linping District. The municipal and district-level state-owned assets will jointly invest hundreds of millions in Zero One Everything, with the company's headquarters established in Linping, and it will create an industrial AI transformation base.The report states that Zero One Everything is currently in the Pre-IPO layout period, having previously set a 2027 IPO target and a performance target of 1.5 billion yuan in orders for 2026. The company's strategy has shifted from developing foundational large models to the industrial AI track, focusing on an AI transformation operating system.

Android Authority reported on October 27 that it discovered a developing Overseas QR payments setting in Google Wallet version 26.42.1003171897. The "Learn more" link within this setting points to the Google Wallet support page, where this feature is referred to as Traveler QR.Google explains on the support page that relevant options will automatically appear when the phone detects that the user is in a covered area. Currently, the only explicitly named destination on the page is Singapore, corresponding to the Alipay+ partner network. Android Authority notes that Alipay is primarily used in China, while Alipay+ connects various payment systems across Southeast Asia. This discovery comes from the disassembly of the application installation package, and the features that appear in the disassembly may not necessarily make it into the public version. There has also been no official announcement regarding the release of Traveler QR yet.

Federal Reserve Chairman Waller stated that against the backdrop of global turmoil, inflation expectations have developed in the right direction.

According to the Hong Kong Stock Exchange's equity disclosure, Duan Yongping holds 106,716,000 shares of Pop Mart (09992.HK) through his investment entities, accounting for 8.01% of the issued shares. Based on the stock price of HKD 132.50 on October 27, the market value of the holdings is approximately HKD 14.14 billion.In terms of cost, Jiemian News quoted market estimates on October 26, indicating that the average comprehensive holding cost is around HKD 150 per share; Lan Jing News previously estimated the comprehensive cost to be about HKD 152.32 per share. The corresponding paper losses are approximately HKD 1.868 billion and HKD 2.115 billion, with loss ratios of about 11.67% and 13.01%. The relevant purchase records are: 9.8232 million shares bought on May 25 at an average price of HKD 150; 4.66 million shares bought on May 28 at an average price of HKD 162.5; 10.59 million shares bought on July 6, calculated at approximately HKD 150; and an additional 1 million shares on September 1 at an average price of HKD 155. The first three transactions total approximately 25.07 million shares, with an investment of about HKD 3.816 billion, and a weighted average price of approximately HKD 152.4.The above is based on media estimates of costs and is not the actual investment gains and losses disclosed by Duan Yongping; part of the underlying position comes from options trading, and the complete holding cost cannot be independently verified solely based on public information. Pop Mart's announcement shows that overall revenue for the third quarter of 2026 (unaudited) is expected to decline by 45% to 50% compared to the third quarter of 2025; a decline of 25% to 30% in China, 65% to 70% in the Asia-Pacific region, 70% to 75% in the Americas, and 50% to 55% in Europe and other regions; offline channels in China are expected to decline by 5% to 10%, while online channels are expected to decline by 45% to 50%.

According to reports from Lei Feng Network · Whale Rhino, the AI prediction engine company Prophetlab has completed tens of millions in seed round financing, jointly invested by institutions including Ivy Capital. The company was established less than four months ago, and its prediction engine, Prophet Engine, has topped the overall list of FutureX released by ByteDance Seed, receiving millions in commercial orders.Prophetlab's early project utilized AI large models to predict World Cup outcomes, successfully forecasting the final results and the top four teams, with some models achieving an accuracy rate of about 75%. The team consists of AI PhDs and FinTech Masters from domestic and international universities. Founding members have participated in the training of billion-scale models such as Alibaba's Qianwen and Tencent's Hunyuan, and have collaborated with Professor Yan Junchi's team from Shanghai Jiao Tong University in industry-academia-research cooperation. The company is about to release the Investor's Last Exam list, focusing on commercial predictions.

According to The Block, Binance founder Zhao Changpeng stated at a media briefing after the BNB Standard Nasdaq bell-ringing ceremony that crypto assets will become the native currency of AI. He mentioned that AI could use Bitcoin, existing stablecoins, or tokens issued by AI companies in the future, but hopes that BNB Chain will become one of the main networks, and noted that this still requires development.Zhao Changpeng also mentioned that earlier that day he discussed tokens linked to computing power resources and hopes to introduce them to BNB Chain, but did not disclose details. He also stated that crypto payments are still not convenient for ordinary users and suggested that startups should first focus on underserved markets and remittance routes, rather than directly competing with Apple Pay or Google Pay in the United States.

Reuters reported on October 26 that amid fluctuations in global tech stocks, Chinese artificial intelligence and semiconductor-related stocks have already declined. The STAR50 index, dominated by mainland artificial intelligence and semiconductor leaders, has dropped 40% in less than four months, with a market value evaporating by about $480 billion. The CSI 300 index has fallen about 20% from its June peak, interrupting nearly two years of gains. Beijing fund manager Dong Baozhen said: The stock market has evolved into a speculative frenzy bull market, and now the bubble is bursting. Traders noted that the decline does not have a clear single trigger factor; high prices, tax bills, and the possibility of the U.S. or other countries banning Chinese equipment from entering data centers have all had an impact. During the same period, the Nasdaq has retreated 6% from its record high three weeks ago.Goldman Sachs stated that AI stocks account for 42% of China's market value and 57% of the trading volume of mainland A-shares and Hong Kong H-shares. When the robotics company Yushu went public, retail investors oversubscribed by about 8,000 times, and since trading began in August, its stock price has fallen by about half; chip company Changxin Storage has dropped more than a quarter in the past month. Mu Xi Integrated Circuit and Moore Threads saw their stock prices rise by about 700% and 400% respectively on their first day of trading last year, but have also fallen by about half since July. Optical module companies Zhongji Xuchuang and Guangxun Technology have dropped about 60% from their June and July peaks, partly due to the U.S. moving towards banning these companies from supplying to U.S. data centers. Hainan investor Chen Wensheng said: He bought Yushu because he felt official support and that there were state-owned background funds investing, but he is currently suffering losses with friends.The STAR50 is currently still about 100 times its past earnings, having fallen from a high of nearly 250 times, with investors comparing it to the Nasdaq 100's price-to-earnings ratio of about 30 times. Hong Hao, Managing Director and Chief Investment Officer of Lotus Asset Management in Hong Kong, said: The current situation will cause many companies trying to go public to pause. Leo Wang, a partner at Beijing Qianchuang Capital, said: Overemphasizing the market capitalization weight of tech companies in major indices will create serious bubbles in certain industries and siphon off funds from other sectors. Wang Zhuo, a partner at Shanghai Zhuozhu Investment Management, said: Chip manufacturers and AI suppliers will ultimately fall into price wars like other Chinese manufacturers. HSBC Research stated that Asian funds have generally been selling over the past three months but are still overweight in China; Goldman Sachs' updated recommendation list this month includes Zhongji Xuchuang and Changxin Storage. The China Securities Regulatory Commission did not immediately respond to Reuters' inquiries; Chairman Wu Qing met with market participants earlier this month to hear suggestions for improving the capital market.

Cryptocurrency hardware wallet manufacturer Keystone disclosed that its website experienced a security breach, allowing unauthorized third parties to access customer names, contact information, shipping addresses, and order details. Keystone stated that it has blocked access, fixed the vulnerability, and launched an investigation, while also notifying affected customers, but did not disclose the number of individuals impacted.Security researcher Taylor Monahan warned that the leaked shipping addresses could expose customers to targeted scams and personal attacks. Keystone stated in 2023 that it would shorten the retention period for customer data to 180 days, but some customers reported receiving breach notifications more than two years after purchasing their devices.

According to Lookonchain monitoring, Arthur Hayes (0xaE...214D, @CryptoHayes) is selling tokens worth $22.28 million.This includes 6,400 ETH, valued at $15.2 million; 14 million ENA, valued at $2.76 million; 323,000 UNI, valued at $224,000; 1.89 million ETHFI, valued at $123,000; 546,609 AERO, valued at $398,000; 120,000 PENDLE, valued at $244,000; and 3 million ZAMA, valued at $214,000.

According to TechCrunch, the AI laboratory Flapping Airplanes, established for about a year, announced the completion of a $1 billion Series A funding round, co-led by Index Ventures and Lux Capital, with participation from Sequoia Capital, GV, and others, increasing its valuation to $45 billion, three times higher than the $15 billion valuation nine months ago.The company is dedicated to improving the data efficiency of AI model training and developing a GPU framework that can simultaneously perform tasks such as training and inference to reduce the costs of AI development and operation.

The decentralized yield trading protocol Pendle announced the expansion of its one-click looping feature, now supporting yield-bearing assets and tokenized stocks.According to The Defiant, stock long positions on the Base network are realized through Aave loans. At the same time, fees for non-PT positions on PendleLoop will be waived until December 31.