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Today, the metal derivatives market continues to be active, with gold and silver showing a high-level consolidation and repair trend after a strong rally earlier. According to CoinGlass data, the current price of gold (XAU) perpetual contracts is $4,128.8, with a slight decrease of 0.16% over the past 24 hours; the current price of silver (XAG) contracts is $53.26, with a slight decrease of 0.34% over the past 24 hours.Among them, the XAU contracts on the Gate platform had a 24-hour trading volume of $453 million, with a net inflow of $15.08 million, ranking second among global centralized exchanges; the XAG contracts had a 24-hour trading volume of $268.16 million, with a net inflow of $11.24 million, both ranking second across the entire network.

Since the end of October, the Hang Seng Tech Index has rebounded, and Tencent Holdings has rarely experienced five consecutive days of gains. A netizen asked well-known investor Duan Yongping whether he still holds Tencent shares, to which he responded that he still does. Duan Yongping also emphasized that it is important not to use leverage or borrow money to trade stocks, and that buying good companies is also crucial.On November 2, when asked which is more attractive between Tencent and Moutai, Duan Yongping stated that both have their appeal; Moutai's business is more stable, while Tencent has greater growth potential, but also more uncertainty. Duan Yongping had previously mentioned that Tencent is a very good company and should be cherished. He also revealed that his holdings in Tencent have not reached 1% of the company's total share capital.

According to Gate market data, the panic index VIX fell by 15%, dropping below 24 points.

Amazon launches a text-based shopping feature through Alexa, helping users search and compare products, track promotions and price changes, and complete purchases on behalf of users. This feature is currently being rolled out to a small number of invited users in the United States, with plans to expand its availability in the coming weeks.

Former President Donald Trump stated on Truth Social that as president, he is 100% supportive of superintelligence and will collaborate with several states in the U.S. that hope to get rich from it.Trump compared superintelligence to a gold mine, saying that only foolish leadership would reject the wealth it brings.

Solana co-founder Anatoly Yakovenko stated that L1 teams should prioritize developing native products based on their own L1, rather than abandoning related directions due to external doubts.He also mentioned that achieving product-market fit is extremely difficult, and any product faces a high risk of failure; only by actually using their own blockchain to build products can they discover the functional gaps between their ecosystem and competitors.

According to Arkham monitoring, a certain whale took advantage of the ETH price drop of over 6% to quickly purchase 10,000 ETH through a newly created wallet from Coinbase, worth approximately 23.28 million USD.

After the Democratic Party won the midterm elections, U.S. stocks surged significantly on Wednesday, but as investors continued to pull out of tech stocks for the second consecutive trading day, the Nasdaq Composite Index plummeted on Thursday. The tech-heavy Nasdaq fell by 3.3%, and the S&P 500 Index dropped by 1.9%. The Dow Jones Industrial Average decreased by 489 points, a decline of 0.9%. Although stocks like Chevron and Johnson & Johnson rose, it was not enough to offset the drag on the Dow from the tech stock sell-off. AI-related stocks, especially those in the chip industry and data centers, fell for the second day in a row.According to Gate market data, AMD (AMD.O) fell by 12%, Micron Technology (MU.O) dropped by 9%, SK Hynix (SKHY.O) decreased by 8.8%, and Nvidia (NVDA.O) fell by 5%. The Philadelphia Semiconductor Index plummeted by 8%, reaching a new low since April 20. The Nasdaq Composite Index has dropped more than 10% from its closing record high set on October 6.Investors are concerned that the Democratic Party controlling both houses of Congress and winning key gubernatorial elections may lead to more regulation of AI infrastructure development across the United States.Jordan Watson, portfolio manager at Tandem Investment Advisors, stated that the stock market surge and the trend of funds pulling out of AI stocks may only be a temporary phenomenon. However, as investors digest the election results and their potential policy impacts, the market may face more volatility.

According to Gate market data, the decline in the optical communication sector of the US stock market has continued to widen: FOTO (FOTO) fell 8.12%; Marvell Technology (MRVL) fell 8.18%; Applied Optoelectronics (AAOI) fell 12.01%; Lumentum (LITE) fell 10.34%; Coherent (COHR) fell 8.12%; Ciena (CIEN) fell 10.85%; Fabrinet (FN) fell 8.45%; AXT (AXTI) fell 14.18%.

On November 4th, WEEX Exchange launched the "Shopping Carnival・100% Prize------Crack the Egg to Win iPhone 18 Pro Max" welfare event. Users can obtain a chance to crack the egg by reaching a contract trading volume of 1,000 USDT. The larger the trading volume, the more chances accumulate, and reaching a certain number of times can trigger a guaranteed big prize mechanism. Event duration: 11/4 00:00 - 11/25 23:59 (UTC+8).Users can unlock egg-cracking opportunities by completing daily contract trading volume ladder tasks and accumulating contract trading volume to reach ladder tiers. During the event, an individual can obtain up to 219 chances through daily tasks and cumulative tasks. In addition, inviting friends to participate and complete designated tasks allows both the inviter and the invitee to receive egg-cracking opportunities simultaneously. The event prize pool includes: iPhone 18 Pro Max (1TB), PlayStation 5 Pro (1TB), DJI Osmo 360 II, AirPods 5, 100 USDT, etc.

Investor Serenity (@aleabitoreddit) posted that the current market deleveraging has become quite severe, with investors indiscriminately selling stocks related to the AI industry chain. Some companies' stock prices have even fallen back to levels before significant orders and performance expectations were realized.Serenity cited the storage chip company ESMT as an example, noting that the company has a market capitalization of about $2 billion, achieving a gross profit of $526.2 million and a net profit of $330 million in the third quarter, with net assets of approximately $937 million, of which net cash is about $740 million. Based on current performance annualized, its price-to-earnings ratio is only about 1.6 times. Despite ongoing market concerns about the cycle peaking, unsustainable profits, and lack of competitive barriers, the trend of DDR2 and DDR3 production lines exiting is tightening supply, and ESMT expects to hedge against declining consumer demand in the fourth quarter by raising product average prices.Serenity also pointed out that manufacturers like Samsung and Micron are gradually exiting DDR2 and DDR3 production lines, and Nanya Technology has also stopped related production lines, while ESMT's revenue mainly comes from these two types of storage products. It believes that the market underestimates the price support brought by the contraction of traditional storage supply and ignores the situation where Micron, Samsung, SK Hynix, and SanDisk are locking in profitability through long-term supply agreements and price floors. Serenity criticized that the market is selling off AI and storage industry chain companies that actually generate substantial cash flow while shifting funds to companies like Walmart, which has a price-to-earnings ratio of about 47 times, and CrowdStrike, which has a forward price-to-earnings ratio of about 180 times. The current focus is not on the actual free cash flow generated by companies but rather on indiscriminate selling.

Binance co-founder He Yi commented on "Binance facing a second battlefield of public opinion after the security incident," stating, "When the storm comes, they believe that cutting down the biggest tree will make them the winner. Fanning the flames will only drive everyone away and reduce confidence in the industry, not just in Binance."Earlier, Binance founder CZ shared a lengthy article and referred to it as "another attack on Binance." According to the article, from October 30 at 05:00 to November 2 at 20:00, within approximately 78 hours, 1,083 accounts published 11,700 hostile posts regarding the theft of Binance's hot wallet, with about 20.93 million exposures, of which 79.6% were replies, and 3,354 posts were deemed false information, categorized into 15 types of rumors.The article suggests that alongside the real security incident, there was a rhythmic and organized narrative operation on X, with themes shifting according to Binance's response points, including internal sabotage, insolvency, a second FTX, reluctance to open withdrawals, a bank run upon opening, and exaggerating net outflows, among others.

According to the latest data, the results for 154 seats in the U.S. House of Representatives in this midterm election have been determined, with the Democratic Party winning 102 seats and flipping 5 seats, while the Republican Party won 52 seats.The election forecasting organization Decision Desk HQ (DDHQ) has predicted that the Democratic Party will gain control of the U.S. House of Representatives, regaining a majority after four years as the minority party, thus ushering the U.S. into a new era of divided government. There are a total of 435 seats in the House of Representatives, and a majority party needs to win 218 seats.

According to Gate market data, the three major U.S. stock index futures continue to decline, with the Nasdaq 100 index futures down over 2%, the S&P 500 index futures down 0.85%, and the Dow futures down 0.35%.

Anthropic has open-sourced FlashProve, bringing the commonly used zkSNARK (zero-knowledge proof) technology from the cryptocurrency field into AI model inference.This technology was originally designed to prove the validity of blockchain transactions without disclosing transaction details. Anthropic aims to use it to solve another problem: when users pay a high price for an AI model's API, how can they know if the service provider has secretly switched to a cheaper model?FlashProve allows service providers to first generate encrypted fingerprints for the model weights and then provide mathematical proof for the inference results. Users do not need to obtain the model weights or rerun the model; they can check whether the specified output comes from the previously committed set of weights. Claude was also involved in the development and optimization of this system.Anthropic has already completed experiments on Meta's 400 billion parameter model Llama 4 Maverick. For every 1024 tokens of context processed, the generated proof is about 19 MB, and verification on a regular CPU takes about 17 seconds.However, currently, each proof can only verify one output token and cannot validate an entire response. The GPU computation time required to generate the proof is also about 70 to 95 times that of regular inference. Whether it can be used to identify API service providers that secretly switch models in the future will depend on when the cost of proof generation can be reduced.

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.