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On-chain data analysis platform CryptoQuant analyst Darkfost stated that as Bitcoin falls below several key price levels, market panic is spreading, whereas just a few weeks ago, investors were generally in a profitable state.He pointed out that according to the long-term valuation model he follows, Bitcoin has currently entered an extremely undervalued range, having historically spent only about 3.4% of the time at similar levels. Darkfost believes that such phases of market panic should not be overly concerning, as they often provide good positioning opportunities for long-term investors, but this indicator does not mean that Bitcoin has necessarily bottomed out or will rebound in the short term.

According to Yahoo Finance, Anthropic's CEO Dario Amodei stated in the company's IPO roadshow video that diseases such as cancer, Alzheimer's disease, heart disease, and mental illness will be a thing of the past in less than a decade.Amodei mentioned that companies that can manage risks well will also gain societal trust and a "license to operate," being seen as capable of bringing the benefits of AI in the right way; if done correctly, humanity could usher in a "miracle era" that solves problems that have plagued us for thousands of years.He also stated that while releasing technological dividends and maintaining a sustainable business model, all risks associated with the technology potentially going wrong must be taken seriously.

Mark Moss, co-founder of Bitcoin Opportunity Fund, stated in the Cointelegraph podcast Trade Secrets that Wall Street's and the U.S. government's acceptance of Bitcoin has created "the best buying opportunity in history." Moss first bought Bitcoin in 2015 at around $300, when the risks were extremely high, and now there is consensus from the U.S. government and Wall Street, but most people still view it as a scam. This skepticism is precisely the source of the buying opportunity. He believes Bitcoin is crossing the "chasm" between early adopters and mainstream investors, with banks and ETFs lowering the barriers to entry, and financial advisors may also persuade hesitant clients to enter the market.In terms of market conditions, Bitcoin briefly surged above $80,000 after the U.S. midterm elections, then retraced its gains alongside tech stocks, dropping to $74,762 on Friday, the lowest since August, and further dipping to around $73,500 on Sunday. Moss pointed out that the price did not significantly drop after the $6.3 billion Binance hack, indicating that selling pressure is waning. The capital flow for U.S. spot Bitcoin ETFs fluctuated sharply during election week, with a net inflow of about $75 million on Wednesday and a net outflow of $430 million on Thursday. He cited data going back to 2014, stating that Bitcoin averaged a 53% increase in the 12 months following previous U.S. midterm elections, and he expects it to reach an all-time high by 2027.Moss believes the most worthwhile Bitcoin treasury company to hold is MicroStrategy (MSTR), which has been buying Bitcoin since 2020 and held 849,327 BTC as of November 2, accounting for over 4% of Bitcoin's maximum supply. However, he stated that he would not exchange his held Bitcoin for its stock. According to his model, under the conditions where Bitcoin competes for investor wealth against stocks, bonds, gold, and real estate, the price is expected to reach $1 million, potentially by 2030, or at the latest by 2032.

Kraken Co-CEO Dave Ripley stated in the Bitcoin Magazine Podcast that Bitcoin's resurgence to $80,000 makes him think "that's the bear market," and he described it as possibly the mildest bear market in Bitcoin's history. In his conversation with host Spencer Nichols, he introduced the current attitudes of retail and institutional clients towards Bitcoin.Ripley discussed several topics on the show, including why this cycle does not feel like a bear market, how banks once viewed blockchain rather than Bitcoin, the proof of concept for permissionless stablecoins, and the reasons behind Kraken's acquisition of a European bank, mentioning the diversification of revenue sources before the IPO.He also talked about the progress of xStocks in the tokenized stock space, Bitcoin's positioning as institutional digital gold, how stablecoins open the door for Bitcoin payments, AI agents and crypto payments, and how AI is changing the way Kraken operates.

According to Bitcoin.com, the difficulty of Bitcoin mining has been below the historical high of 155.97T set on October 29, 2025, for 374 days, marking the longest duration in the network's history, surpassing the 364-day record set after the 2011 crash and the 253 days following China's mining ban in 2021. Economist Saifedean Ammous pointed out that the 95% price retracement in 2011 and the Chinese mining ban did not last as long as this, calling it a new world for Bitcoin mining.The difficulty dropped to a low of 124.93T in mid-June 2026, about 20% lower than the peak. Although there was a rebound in October, with the difficulty rising to 148.36T, Mempool.space predicts it will decline again by about 3.7% around November 13, further delaying new highs. Reports indicate that the pressure comes from the sluggish Bitcoin price and publicly listed mining companies selling off Bitcoin and shifting towards AI, while the Democrats pushing for data center restrictions after the midterm elections may also impact mining companies.

The Brazilian small-cap stock index plummeted 30%, marking the largest drop in history.

A court in New Mexico, USA, ordered Meta Platforms to pay a civil fine of $25 billion. The jury found that Meta made misleading statements regarding user privacy, data processing, and hate speech moderation, violating state consumer protection laws over 43 million times. This judgment amount is one of the highest fine judgments in the history of the U.S. judiciary.

Bitcoin News posted on platform X that one year ago today, Bitcoin had just reached a historic high of $126,000, and Standard Chartered at that time expected it to reach $200,000. However, October 10 became the largest day for liquidation in the history of the cryptocurrency industry, with a liquidation amount exceeding $19 billion.

Chairman of BitMine, Tom Lee, stated during his speech at the TOKEN2049 summit in Singapore that the cryptocurrency market has entered a "full bull market." If a starting point for this bull market were to be determined, he believes it would be in August of this year. Tom Lee mentioned that, from a four-year cycle perspective, the market bottom has already appeared, and this cycle could become "the largest cryptocurrency bull market in history."Tom Lee indicated that there are four new driving forces behind this bull market compared to previous cycles, including institution-driven asset tokenization, intergenerational wealth transfer over the next decade, the continuous absorption of cryptocurrency supply by Digital Asset Treasury companies (DAT), and the development of AI and Crypto integration scenarios such as AI Agent payments. He believes that the migration of traditional financial assets to the blockchain will become an important source of incremental funds, and that AI Agents are more likely to use cryptocurrency wallets for payments and settlements in the future.

The privacy public chain Zano team stated that a hotfix has been deployed in response to the inflation vulnerability that occurred last Friday, and the network is currently running stably on the updated chain. The chain previously rolled back the block height to 3,833,000, erasing the confirmed transaction records from the past 30 days.The Zano team indicated that third-party wallets, exchanges, and payment service providers must first update their nodes to the updated chain in order to safely resume transfers of ZANO and Zano issued assets. Service providers will announce recovery progress through official channels, and the recovery process for affected users is being prepared. The native asset ZANO saw a price drop of 32% this week and a decline of 40.6% since 2026. The official Zano X account stated that users can update their iOS, Android, and desktop wallets, and the team will soon announce more details on the recovery process.

Financial newsletter The Kobeissi Letter stated on X: The scale of U.S. stocks held by non-U.S. investors is at a historical high. The account wrote that in July, investors outside the U.S. held $24.32 trillion in U.S. stocks, marking the third largest scale in history.The Kobeissi Letter noted that since the beginning of this year, foreign investment in U.S. stocks has increased by $2.22 trillion, a growth rate of 10%. Since the bear market of 2022, this holding scale has increased by $12.3 trillion, a growth rate of 103%.The newsletter also stated that the allocation ratio of foreign capital to U.S. stocks has risen to 60% of their U.S. financial assets, setting a record, and is currently about 6 percentage points higher than the peak during the 2000 internet bubble.

Zano, the privacy blockchain, announced a network update stating that the core team discovered a serious vulnerability in the Gateway Address, allowing unauthorized ZANO and fUSD to enter circulation. Investigations show that the wallet's payment keys or the privacy of ordinary transactions were not compromised, and Zano's core consensus mechanism was also unaffected.The team has developed a solution to clear all unauthorized activities by coordinating a network upgrade. To ensure network integrity, the Zano blockchain has been restarted from block height 3,833,000 (i.e., before the 6th hard fork), affecting approximately one month of on-chain historical records. Nodes, miners, stakers, and related services need to adopt the emergency update as soon as possible.The team stated that they will work with affected projects to address the losses and will announce compensation and claims processes, striving to compensate the community. Technical reasons and related code review results will be disclosed in the follow-up.

The privacy blockchain network Zano disclosed that an inflation vulnerability involving Gateway Addresses has forced it to propose rolling back the blockchain by about 24 hours of history and requires users to immediately cease economic activities related to ZANO and Confidential Assets. Zano has promised to compensate for the losses caused by the rollback but has not yet announced the target block height for the rollback, the fix version, the compensation process, the vulnerability mechanism, and the number of unauthorized created assets.Gateway Addresses went live on August 26 with Hard Fork 6.

According to a report by The Wall Street Journal, the construction of artificial intelligence is becoming the largest economic bet in American history, surpassing investments in railroads, highway systems, and internet infrastructure. The report states that spending on data centers has exceeded the combined expenditures on canals, railroads, and power grid construction, and this related construction is driving inflation while creating jobs and wealth.Economist Stijn van Nieuwerburgh, in estimates published by the Brookings Institution, shows that total investment in data centers and related artificial intelligence infrastructure is expected to reach $10.3 trillion from 2025 to 2032, averaging about 3.6% of GDP annually. The report states that the U.S. economy has never been so dependent on the construction of a single industry. Goldman Sachs estimates that by 2026, U.S. investment in artificial intelligence will reach 1.9% of GDP; the last time a single new industry accounted for a larger share of the economy was during the railroad boom in the late 19th century.The estimates list the average annual infrastructure spending as a percentage of GDP as follows: canals from 1836 to 1841 at 0.66%, railroads from 1870 to 1890 at 2.24%, electrification from 1905 to 1925 at 0.5%, highways from 1956 to 1973 at 1.13%, telecommunications and fiber optics from 1996 to 2003 at 1.1%, and artificial intelligence from 2025 to 2032 at 3.63%. The report also states that this investment is transforming various sectors of the economy, creating hundreds of thousands of jobs and producing new billionaires, while also carrying significant risks, as a large portion of it is supported by debt.

CryptoQuant analyst Darkfost stated that the cost basis of short-term holders (STH) of Bitcoin has confirmed a crossover above the cost basis of active long-term holders (LTH), indicating a shift in market momentum. Based on this, he judges that the Bitcoin bull market has been confirmed. This is the 5th occurrence of this signal in history, but he emphasized that there is still a possibility of misjudgment regarding the relevant indicators."Active LTH" is defined as long-term held supply that has moved at least once in the past 7 years, to exclude long-term dormant or illiquid BTC. Currently, over 3.5 million BTC that have been held for more than 10 years remain dormant, with this portion of supply increasing by an average of about 8,000 to 30,000 BTC per month. Since 2019, this indicator has only shown negative growth once, due to an early miner reactivating and transferring about 100,000 BTC, which is considered a relatively isolated event. Darkfost believes that this signal currently reflects positive changes in the Bitcoin market, with ETF liquidity inflows being one of the driving factors.

SoftBank Group has launched a transaction that could become the largest corporate junk bond issuance in history, aimed at funding large-scale investments in the field of artificial intelligence. This issuance plans to raise over $11 billion, including $10 billion in dollar-denominated bonds and €1 billion (approximately $1.1 billion) in euro-denominated bonds, to support a commitment of nearly $65 billion to OpenAI and additional merger and acquisition financing.

According to SoSoValue data, the U.S.-listed spot Bitcoin exchange-traded fund (ETF) saw a net inflow of $998.95 million on Monday, marking the largest single-day inflow since October 6, 2025 (the day Bitcoin reached its historical high of approximately $126,200), and the ninth-largest single-day inflow since the ETF began trading on January 11, 2024.Among them, BlackRock's IBIT led with $381.37 million, while Ark's ARKB and Fidelity's FBTC saw inflows of $289.12 million and $238.84 million, respectively. This inflow is the first consecutive three-day net inflow in two weeks, occurring against the backdrop of the Senate's failed vote to end the debate on the "Clarity Act" and the Federal Reserve's interest rate hike, seen as a reflection of institutional confidence.As of Monday, the total net inflow for this month has reached $1.31 billion, compared to a net inflow of $3.52 billion in August. Bitcoin has risen 44% this quarter to $85,000, outperforming all major assets, including gold. However, despite the strong recent inflows, the spot ETF has still seen a net outflow of $450 million year-to-date.