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Market news indicates that the merger between SpaceX and Tesla may be announced as early as December.

The Kremlin announced that Putin and Trump plan to meet at the Asia-Pacific Economic Cooperation summit.

SpaceX announced two new projects representing over 74 billion dollars in U.S. planned investments.

SpaceX announced that its new project is expected to support over 500 long-term positions after it becomes operational.

SpaceX plans to build a $50 billion supercomputing campus in Arizona, which will create 6,500 jobs.

SpaceX has committed to invest $220 million in the expansion of Brownsville's water infrastructure.

SpaceX plans to invest over 24 billion dollars in the Rio Grande Valley for the construction of new supercomputing infrastructure.

Documents from the U.S. Securities and Exchange Commission show that State Street Bank increased its holdings in SpaceX by 77.8%, raising its holdings of SpaceX Class A shares to 19.3 million shares.

The cryptocurrency trading platform Backpack announced that it has signed a cooperation agreement with the Japanese digital bank Minna Bank. Minna Bank is part of one of Japan's major regional bank groups, FFG. Both parties will utilize Backpack's on-chain infrastructure to explore the provision of digital banking services related to cryptocurrency assets in Japan. Backpack is positioned as a cryptocurrency trading platform and multi-chain wallet. According to RootData, the project completed a strategic financing of 20 million dollars in 2022 and will complete a Series A financing of 17 million dollars in 2024.

The Solana block space market Gravity Block Exchange (GBX) has announced its launch on the Solana mainnet. GBX positions itself as an open and neutral block space market, where block builders compete for the ordering of each block through auctions, rather than having a single scheduler complete the ordering. Its goal is to create a unified ordering market that increases the value of validator block space through competition among builders, while providing users with a clear set of rules.The mainnet operation status announced by GBX includes: approximately 5% of the total staked validators have been connected, with rewards 20% to 30% higher than the cluster average. Currently, there are two independent block builders participating in each round of auctions, namely Bifrost from Astralane and Titan Builder from Gattaca. Public documents show that validators can connect through the Gravity Connector sidecar without the need for a custom validator fork, currently supporting Agave and Jito-Solana, while support for Firedancer is still in development; when external ordering paths are unavailable, validators can fall back to the native scheduler.

Elon Musk stated that SpaceX is expected to achieve actual usable computing power next year that is approximately equivalent to half of the global scale. He emphasized that "actual usable" is an important metric, and it is expected to take two months of continuous work to stabilize the large computing clusters, while other companies may need six months.

According to the Wall Street Journal, Nick Timiraos, known as the "mouthpiece of the Federal Reserve," wrote that after the third consecutive strong inflation report was released, a rate hike by the Federal Reserve in December is almost certain. Market focus is shifting to the magnitude of the rate hike and the subsequent pace, including a 25 basis point hike at each meeting, a one-time hike of 50 basis points, or signaling multiple consecutive hikes of 25 basis points.Nick Timiraos pointed out that the Federal Reserve will hold a policy meeting from December 8 to 9, and the bigger question is whether this rate hike is a moderate adjustment envisioned by several officials, with two to three more hikes, or the beginning of a sustained effort to suppress the economy and lower inflation.Previously, Federal Reserve Governor Waller, who supported maintaining interest rates last week, stated that if the core price increase in October reaches about 0.3% month-over-month, the Federal Reserve should consider a 50 basis point hike in December, and the latest published data happens to align with this scenario. Dallas Federal Reserve President Logan also hinted after the data release that, given the current inflation pressures, it may be necessary to accelerate the pace of rate hikes. The relevant tactical choices are usually decided by the Federal Reserve Chair.

Due to the sell-off of U.S. Treasuries, Japanese government bond yields have risen sharply. The 5-year Japanese government bond yield increased by 9.5 basis points to 2.195%, the 10-year yield rose by 10.5 basis points to 2.795%, and the 2-year yield increased by 8.5 basis points to 1.86%.Previously, Federal Reserve officials warned that more aggressive rate hikes may be needed to curb inflation.

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.

In October, the U.S. CPI exceeded expectations. After the data was released, BTC briefly fell to around $73,000, and the market began to bet on a 50 basis point rate hike in December. In response, Cloud, the chief analyst at Huobi HTX, believes that the probability of a 50 basis point hike is low, and a 25 basis point increase remains the baseline scenario. The current decline is more akin to a pricing correction.There are three reasons: The Federal Reserve values the continuity of data, and historically, there are very few cases where a single month's CPI jump has changed the pace of rate hikes; a single month of exceeding expectations is insufficient to overturn the gradual path; the current inflation stickiness mainly stems from the lagged transmission of tariffs and rents, which will naturally diminish, and marginal employment is also weakening. The committee has no reason to impose aggressive tightening at the peak of transmission; the credit spread has widened from 93 basis points to 348 basis points, financial conditions have effectively tightened, and adding another 50 basis points would actively create financial stability risks.In the crypto market, funding rates have turned negative, and the open interest in perpetual contracts has decreased by nearly 20% in a week. The fear and greed index has fallen into the deep fear zone, and the clearing of leverage has been relatively sufficient, limiting the space for further short-term declines. However, an oversold situation does not mean an immediate rebound; confirmation is needed for CPI to fall in the next two months. If inflation exceeds expectations for two consecutive months and a 50 basis point hike is realized, a trend decline will begin, but currently, this scenario seems unlikely.Note: The content of this article does not constitute investment advice, nor does it constitute any offer, solicitation, or recommendation of investment products.

Brian Hong announced that he has joined the social trading application fomo, responsible for the Asia-Pacific region. Brian Hong previously publicly identified as the head of growth for consumer blockchain Abstract in the Asia-Pacific region. He stated that many high-quality trading ideas around the world have never left the language in which they were originally written; traders in Seoul and New York can focus on the same asset for months but do not have access to each other's work. Both parties see the same prices, but the ideas behind the trades remain trapped in circles separated by language, local communities, and existing information flows.He wrote that for nearly a decade, he has been connecting products, services, and information between the East and West. Products are now easier to cross borders, but ideas are not; he feels this most acutely in the market, where some ideas with significant upside potential remain confined to a single language and community. He stated that fomo is the first product that makes him feel this situation can change, as it does not require consideration of chains or cross-chain bridges; it faces a single market where information flow shows what people are actually buying. A trade does not need translation; ideas from Seoul can reach New York on their own, with attribution remaining with the originator.Brian Hong expressed that this feeling has not faded, and he agrees with fomo's direction and development team, and will help grow a product he already uses daily. He referred to the Asia-Pacific as the most important region for this matter, but the Asia-Pacific is not a single location; the languages, cultures, and platforms differ. Most of what happens here exists in communities that are not visible to the outside world. Introducing users is only part of the work; a larger part is putting ideas that the world has yet to see onto the same map. He has opened private messages to traders, large players, creators, and chain builders in the region.

SpaceX plans to launch the Falcon 9 rocket from Vandenberg Space Force Base Launch Complex 4E on November 13 and November 17, executing the United States Space Force missions USSF-317 and USSF-266.

Federal Reserve's Logan stated that the Federal Reserve may raise interest rates this winter at a faster pace than so far. The Federal Reserve needs to raise interest rates at least two more times, each by 25 basis points.Logan indicated that the Federal Reserve's policy rate is at least 50 basis points below a moderately restrictive level.

SoftBank announced its first net loss in nearly two years. Previously, concerns about spending and demand in the artificial intelligence sector impacted the tech investment giant's major holdings. SoftBank recorded a loss of 1.12 trillion yen (approximately 7.1 billion dollars) in the second fiscal quarter, a significant reversal from a profit during the same period last year.The stock prices of chip manufacturers Arm and Intel, as well as South Korean e-commerce giant Coupang, dragged down SoftBank's overall performance. The Vision Fund division, responsible for managing stakes in hundreds of tech startups, recorded a loss of 81.6 billion yen. SoftBank is increasingly seen as a barometer for sentiment towards OpenAI and the broader AI sector.Since hitting an all-time high in June, SoftBank's stock price has plummeted by more than 50%. This is due to market concerns about its debt for large-scale AI investments, as well as worries that a comprehensive victory for the Democratic Party in the U.S. midterm elections could lead to many projects under Masayoshi Son being stalled.