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The US Dollar Index DXY rose 0.6% during the day, currently reported at 102.86, the highest level since October 14. The Euro to US Dollar EUR/USD fell below 1.11, the first time since May 2025, with a daily decline of 0.56%. The British Pound to US Dollar GBP/USD fell more than 0.50% during the day, currently reported at 1.3274.

According to The Block, Kraken's parent company Payward has launched over 200 stock tokens from the UK and the EU through its xStocks framework, bringing the total number of tokenized assets to over 1500.Each token is backed 1:1 by stocks held by a regulated custodian and can be traded on Kraken and the xStocks alliance platform, supporting blockchain networks such as Solana, Ethereum, TON, Ink, and X Layer.Payward announced in September a partnership with the London Stock Exchange to introduce the top 100 stocks listed in London to xStocks. The London Stock Exchange also plans to offer xStocks trading through LSE 24 after regulatory approval. Payward stated that xStocks has covered over 110 markets, but UK investors currently cannot access it, and the service is not available to US persons or in the US.

The Kremlin stated that there are currently no relations between Russia and the European Union.

Kraken's parent company Payward's tokenized stock framework xStocks announced the launch of the first batch of stock tokens for UK and EU listed companies, covering over 200 actively traded listed companies in the UK and EU, with more stocks to be rolled out in the future. xStocks stated that hundreds of Hong Kong stock tokens will be launched in the coming weeks, followed by expansion to more international markets.This expansion is driven by the collaboration between Payward Services and the fintech company GTN, with GTN responsible for the global execution and custody of the underlying traditional assets. The new tokens are backed 1:1 by the underlying stocks and can be traded on Kraken and the xStocks Alliance collaborative platform after launch, and have already integrated with the DeFi ecosystems of chains such as Solana, Ethereum, TON, Ink, and X Layer.Previously, Payward reached a tokenization cooperation with the London Stock Exchange. Subject to regulatory approval, the London Stock Exchange plans to launch xStocks in 2027 and trade on LSE 24. Currently, xStocks is still not open to UK investors.

On November 10, German solar equipment manufacturer SINGULUS TECHNOLOGIES announced that it has signed a contract with SpaceX to provide a complete production line for heterojunction (HJT) solar cells. The first production line order amounts to over 60 million euros and is scheduled for delivery in the first half of 2027. The strategic cooperation between the two parties also plans to expand to multiple production lines, gradually supporting a scale of over 100GW of solar cell production equipment. The related production facilities will be used for SpaceX's satellite manufacturing project located in Bastrop, Texas, USA, to provide high-performance solar cells for its Starmind space AI satellite.Musk subsequently retweeted the SpaceX announcement and added that SpaceX has ordered HJT solar manufacturing equipment with an annual capacity of 100GW from German SINGULUS, stating that this is to enable Starmind to create a "sentient sun," a phrase that echoes its long-term vision of building a space AI computing infrastructure using solar satellites. SINGULUS also disclosed that since establishing strategic cooperation with SpaceX in March 2026, it has provided financial support in March and October, which includes a secured subordinated loan.

According to a report by Business Wire, the U.S. brokerage infrastructure provider DriveWealth announced that its European affiliate UAB DriveWealth Europe has been authorized by the Bank of Lithuania to become a crypto asset service provider under the EU's Markets in Crypto-Assets Regulation (MiCA). DriveWealth plans to gradually open related services to partners starting in 2027, with specific launch dates to be announced later.UAB DriveWealth Europe previously held a MiFID II license issued by the Bank of Lithuania. After the launch of crypto asset services, banks, fintech companies, digital wallets, and brokerages can access crypto asset services along with existing investment services such as U.S. stocks, ETFs, fixed income products, and options through the same interface.DriveWealth also announced a partnership with Ripple, planning to introduce RLUSD stablecoin settlement, cross-border payments, and digital asset custody in Europe first.

European Central Bank Executive Board Member Fabio Panetta stated that if negotiations are delayed, the digital euro will face postponement.

According to EU-Startups, the Copenhagen startup Numina has completed a €1.1 million pre-Seed funding round, with investors including Nebular, Emblem, Founders A/S, The Nordic Web, and angel investor Bjarke.

According to The Block, Capital B purchased 12 BTC for 840,000 euros (approximately 943,000 dollars), increasing its total Bitcoin holdings to 3,550 coins. The company reported a BTC return of 2.23% year-to-date, with BTC earnings of approximately 4.2 million euros (about 4.7 million dollars) during this period.

According to Caixin, on November 10, multiple media outlets saw the draft of the Digital Fairness Act, which shows that the European Commission plans to require companies to allow users to disable features that induce compulsive or excessive use, and to regulate AI systems that extend interactions through simulated interpersonal relationships. The draft is expected to be published on November 11, and companies that violate the rules may face fines of up to 6% of their global annual revenue. The draft requires that adult users be given the option to disable autoplay, notifications unrelated to their activities, and continuous reward systems; if an AI chatbot encourages ongoing interaction by simulating interpersonal relationships, users should also have the right to disable related features.The draft also proposes to list 10 types of manipulative designs that are considered unfair under any circumstances, including making it significantly harder to register for services, hiding prices or automatic renewal terms, falsely implying there are no other choices, making false or inadequately qualified claims about supply or popularity, repeatedly emphasizing scarcity at checkout, pre-selecting additional products or quantities, framing refusal as a wrong choice, repeatedly asking to change a decision already made, using confusing double negatives, and fabricating notifications that someone has contacted the user. The European Commission can add new manipulative practices to the list without restarting the legislative process.The draft also proposes to require online subscriptions to provide a clear contract termination button, that consumers must actively consent before a free trial converts to a paid service, and that reminders must be sent before automatic renewals; for minors, it proposes to ban paid loot boxes and paid win mechanisms in video games. Impact assessments estimate that the relevant regulations will help consumers avoid economic losses of 88.4 billion euros between 2025 and 2035; when accounting for time lost, the annual benefit is expected to be 13.7 billion euros, with total annual compliance costs for companies estimated at 678 million euros. The draft still needs to be reviewed by the European Parliament and member states, and according to the current text, it will apply 12 months after coming into effect. The German government expressed opposition in mid-last month, advocating for amendments to the existing consumer protection directive rather than creating a new law.

A joint venture consisting of 37 European financial institutions, Qivalis has been authorized by the Dutch Central Bank to become an electronic money institution and plans to issue a euro stablecoin within the next few months after the Dutch Central Bank reviews its white paper.The stablecoin will be backed by a 1:1 reserve and is aimed at institutional scenarios such as payments, settlements, and tokenized assets.

According to Gate market data, on November 9, the German DAX 30 index closed up 488.43 points, an increase of 1.89%, at 26,282.55 points; the UK FTSE 100 index rose by 114.46 points, an increase of 1.07%, at 10,788.4 points; the French CAC 40 index increased by 94.3 points, an increase of 1.16%, at 8,233.3 points; the Euro Stoxx 50 index rose by 127.16 points, an increase of 2.06%, at 6,297.65 points; the Spanish IBEX 35 index increased by 384.79 points, an increase of 1.99%, at 19,754.29 points; the Italian FTSE MIB index rose by 1,345.54 points, an increase of 2.69%, at 51,398.5 points.

According to a report by Investing.com, Citigroup has downgraded its rating on U.S. stocks, global tech stocks, and European tech stocks from "overweight" to "neutral," citing that investor positions may further decline, while upgrading European stocks (excluding the UK) to "overweight."Citigroup stated that market sentiment around AI has significantly weakened, partly due to the midterm election results raising questions about the long-term trajectory of AI spending; the Nasdaq position may shift from neutral to net short, needing to drop about 5% before it truly turns negative.Citigroup remains optimistic about AI in the medium term but will wait for positions to clear and AI sentiment to stabilize before restoring the overweight rating.

According to Cointelegraph, the European Central Bank, the European Commission, and the European Securities and Markets Authority are jointly soliciting nominations for a working group led by the industry, which will establish unified standards for the holding and settlement of tokenized securities.Eligible applicants include EU industry associations, global institutions, private enterprises, and fintech companies, which can apply to join the European Tokenized Standards Group (ETSG) by November 27. The relevant work will commence in January 2027, with the aforementioned three EU institutions participating as observers.The working group will develop technical and market standards to assist businesses in holding and settling tokenized securities across different Distributed Ledger Technology (DLT) platforms, ensuring that these platforms can be compatible with existing financial systems.According to its scope of responsibilities, the working group plans to produce the first set of standards by early 2028. These standards will support Appia, which is the blueprint for the European tokenized financial market developed by the euro system.The three institutions warned that market fragmentation could limit the benefits brought by tokenization, and the working group may propose recommendations on how EU regulators can encourage businesses to adopt its standards. In September of this year, the euro system launched the Pontes system, allowing financial institutions to settle wholesale transactions of tokenized assets in central bank money.

According to Gate market data, the Europe Stoxx 600 index rose by 1%, reaching an intraday high. The S&P 500 index futures increased their gains, hitting an intraday high, currently up by 0.65%.

According to Bloomberg, the French private equity firm Ardian's semiconductor investment strategy Ardian Semiconductor has completed a fundraising of 1 billion euros, with the fund committing nearly 700 million euros, while the remainder comes from co-investments.In terms of the investment structure, investors from the Middle East and North Africa account for 41%, while French investors account for 24%. The contributors include government agencies, sovereign wealth funds, semiconductor companies, insurance companies, and private wealth clients. This strategy was launched in October 2023, focusing on the semiconductor value chain, primarily investing in European companies while also considering the North American and Asian markets. Invested projects include the French chip company VSORA, which designs AI inference accelerators.

According to Caixin, the European Commission preliminarily determined on November 6 local time that TikTok's recommendation mechanism has a "rabbit hole effect," making it increasingly difficult for users to disengage, which violates the Digital Services Act (DSA). Furthermore, TikTok's existing mitigation measures are deemed ineffective. The EU believes TikTok should adjust its "For You" algorithm to include more content based on users' explicitly expressed preferences, eliminate viewing duration as a recommendation metric, and enhance the usability of user control features.If confirmed as a violation, TikTok could face fines of up to 6% of its global annual revenue. TikTok denies the allegations, stating that the EU's claims are fundamentally untrue. This conclusion is a preliminary determination and not a final penalty decision, and TikTok has the right to defend itself.

According to Bloomberg, protests against the expansion of data centers continued in multiple locations across Europe on November 7. RTE reported that around 2,000 people participated in a march in Dublin; YLE stated that about 1,300 people gathered in Helsinki, with protests also occurring in several small towns in Finland. Demonstrators in Helsinki marched to Google's office and the location of the parliament. The Stop Dirty Data Centres alliance, composed of local democracy and climate action groups, stated that the action aims to prevent the unchecked expansion of AI data centers.Groups from Scotland, Spain, France, and Denmark participated in the action, calling for a halt to construction until the public can determine through democratic processes how related projects should serve society and the environment. Previously on Friday, hundreds of protesters clashed with police at a Microsoft data center in Amsterdam, resulting in one arrest. As technology companies invest hundreds of billions of dollars in building AI infrastructure, community residents' concerns about land and electricity demands, rising energy costs, and whether the local area can gain economic benefits have intensified. Ireland has become one of Europe's major data center hubs, with official statistics showing that data centers will account for 23% of the country's total electricity consumption by 2025.Finland is also facing large-scale construction. Google announced in September an investment of 13 billion euros, approximately 14.5 billion dollars, to expand existing data centers and build two new facilities, marking its largest investment in Europe to date. According to the Finnish Industrial Federation, data center projects in various stages of planning and construction in Finland are valued at around 80 billion euros. Reports indicate that representatives from Google cleared forest land, stripped topsoil, and built roads before the environmental impact assessment for one project was completed, causing dissatisfaction among local residents. The company responsible for the construction of the project is facing a criminal investigation, and the Finnish government is also advancing legislation to constrain AI expansion. The opposition in Europe echoes recent situations in the United States, where the expansion of data centers has become a significant issue in this week's midterm elections, with some state voters electing local officials who promised to stop or pause related construction.