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The spokesperson for the Ministry of Commerce, He Yadong, stated that China and the United States are maintaining close communication on the "30 billion for 30 billion" framework arrangement for reciprocal tariff reductions, which is beneficial for stabilizing and expanding bilateral trade. Communication between the two sides in areas such as trade and investment will create more favorable conditions for agricultural product trade between the two countries, and relevant progress will be announced in a timely manner.

The AI infrastructure and video platform company RUM Group (formerly Rumble), listed in the United States, disclosed that it reduced its holdings by 198.46 bitcoins in the third quarter, holding 94.68 bitcoins as of September 30, valued at approximately 7.9 million dollars.According to previous reports, Rumble's revenue in the third quarter increased by 290% year-on-year, achieving adjusted EBITDA profitability for the first time.

According to Bloomberg, Wall Street's reaction to the U.S. midterm elections shifted from positive to negative in about 24 hours. The sell-off on Thursday spread from retail investors to hedge funds, long-only asset management firms, and quantitative strategies, causing a loss of approximately $3.7 trillion in market value for U.S. stocks in a single day, with the Nasdaq 100 index recording its largest drop since March 2020. Initially, the stock market rose after the elections due to the reduction of event risk and a decline in oil prices, but investors later reassessed the risks of Democratic scrutiny on data center expansion.In the first half hour after the market opened on Thursday, retail investors were the first to sell for profit, followed by hedge funds and long-only firms. Data from Vanda Research shows that the net selling scale of retail investors on that day was second only to two days during the pandemic shock in March 2020. Its strategist Viraj Patel pointed out that while retail and systematic investors were actively selling, institutional buyers chose to step back. The decline subsequently triggered mechanical selling, with Nomura strategist Charlie McElligott estimating that based on the negative gamma exposure during Thursday's trading, for every 1% drop in the market, options market makers would generate an additional selling pressure of about $7 billion.Volatility control funds estimated that they needed to reduce their holdings by about $61 billion in stocks based on market changes at the time, with about $25 billion in sales still being executed on Wednesday. The rebalancing of leveraged ETFs is expected to bring about an additional $47 billion in stock sales. Vanda estimated that commodity trading advisors sold about $13 billion in S&P 500 and Nasdaq futures. Goldman Sachs' prime brokerage trading desk estimated that fundamental long-short funds lost about 1.3% on Thursday, while technology-themed funds fell over 4%. The basket of stocks in storage, optical networks, data centers, and AI semiconductors dropped by 12% to 15% that day, and the VIX index rose from 16.6 points at the opening to nearly 28 points at the close.

According to the Financial Times, the China Securities Regulatory Commission recently held meetings with investment banks and issued verbal guidance to banks and investment banks, requesting a pause on initial public offerings (IPOs). In addition, large-scale stock reductions by existing shareholders have also been temporarily halted until the market stabilizes.Previously, Chinese regulatory authorities had implemented measures to restrict reductions and encourage stock buybacks. On Monday, the China Securities Regulatory Commission, the People's Bank of China, and the National Financial Supervision and Administration held meetings with securities companies and fund companies to discuss measures to stabilize the stock market, including lowering the stock buyback re-lending rate from 1.25% to 1% and expanding swap convenience operations.Reports indicate that the IPO financing scale in China has exceeded 292 billion yuan this year, the highest since 2023. If IPOs and large-scale reductions are paused, it may impact financing activities in China's equity market. The relevant measures are currently mainly based on informal window guidance disclosed by informed sources, and regulatory authorities have not officially confirmed them.

According to market news, a certain address's contract account has accumulated earnings of approximately 149 million USD; after reducing about 51.31 million USD in BTC short positions, it currently still holds 1,818.0894 BTC in short positions, with a position value of approximately 141 million USD.During the period from 16:56 to 18:22, it closed 660.40951 BTC in short positions, with a closing amount of approximately 51.29 million USD and an average transaction price of approximately 77,663.88 USD. Address: 0xb83de012dba672c76a7dbbbf3e459cb59d7d6e36; Total profit and loss: profit of approximately 149 million USD.

CoinDCX stated that platform futures trading has returned to normal across all markets, but as a precaution, trading for the 4 tokens SOPH, ERA, GTC, and LA will remain in a liquidation-only mode, involving INR and USDT trading pairs.CoinDCX pointed out that due to the impact of previous events related to global liquidity service providers, the platform's risk management team will continue to monitor the aforementioned tokens to prevent potential market manipulation and abnormal fluctuations.

According to data from the U.S. Treasury Department and the State Department, in the first eight months of 2026, countries and regions closely related to the United States net purchased $174.3 billion in U.S. Treasury bonds, a decline of over 60% year-on-year. Japan's net purchase was only $389 million, while South Korea net sold $23.8 billion. Multiple factors contributed to this change, including the weakening of local currencies, rising domestic yields, and uncertainty in U.S. policy.

According to Microsoft's 10-K filing for fiscal year 2026, as of June 30, 2026, the company had approximately 223,000 full-time employees, down from 228,000 the previous year, a decrease of about 5,000, marking the first decline in ten years.Among them, there are 121,000 employees in the United States and 102,000 employees overseas; approximately 77,000 employees are in research and development, a decrease of about 4,000 from the peak in 2024. During the same period, Microsoft's revenue for fiscal year 2026 increased by 18% year-on-year, reaching $331.8 billion.The above employee statistics do not include the new round of approximately 4,800 job cuts in July 2026. Microsoft previously stated that the eliminated positions would not be directly replaced by AI.

According to Bloomberg, citing informed sources, Nscale, an AI data center developer supported by Nvidia, initially sought an IPO valuation of about $30 billion, but some investors recently advocated for a valuation between $16 billion and $19 billion to attract buyers.Nscale is addressing comments from the U.S. SEC regarding its listing application documents and plans to initiate a roadshow after resolving these issues. Relevant discussions are still ongoing, and no final decision has been made. Previously, Microsoft withdrew from its collaboration with Nscale on a data center project in the UK due to project delays caused by limited power supply.

U.S. Secretary of State Rubio stated that no one in the White House ordered a reduction in the speed of Ukraine's access to "Starlink." An advisor to the President of Ukraine claimed that SpaceX had throttled "Starlink," causing mission interruptions, but the services used by the Ukrainian military have returned to normal. President of Ukraine Zelensky stated that the speed limit is only effective within Ukraine.

The U.S. Treasury did not explicitly suggest a reduction in the scale of long-term Treasury bond auctions, leading to a slight increase in long-term U.S. Treasury yields. Before the quarterly refinancing announcement on November 4, the Treasury consulted with Treasury bond dealers but did not release any clear signals regarding a potential reduction in the issuance scale of long-term Treasury bonds.

According to the Wall Street Journal, sources say that U.S. Secretary of Commerce Gina Raimondo opposes significant cuts to tariffs on automobiles, steel, and aluminum products from Mexico, causing negotiations for the U.S.-Mexico tariff agreement to stall.

The six-year vesting period for Filecoin is about to end, at which point approximately 68 million FIL tokens will be removed from annual releases. Based on the current mining rate, the annualized increase from vesting and block rewards will drop from about 89 million FIL to 21 million.After the vesting period ends, rewards for storage providers will continue to be distributed. Filecoin is a decentralized storage network, and FIL is its native token used to incentivize storage and retrieval services within the network.

According to on-chain analyst Yu Jin's monitoring, POAP founder @worthalter transferred 4,000 ETH to the exchange Gemini 6 hours ago, worth 10.02 million dollars.He has reduced his holdings by 8,000 ETH in 6 days, with an average price of 2,601 dollars, and currently still holds 51,468 ETH, worth 12.9 million dollars.

The Ministry of Commerce announced the framework for the China-U.S. Trade Council and the "300 billion for 300 billion" reciprocal tariff reduction. The U.S. side will reduce tariffs on approximately 30 billion dollars of imported goods from China, including toys, home appliances, and baby products, while the Chinese side will reduce tariffs on approximately 30 billion dollars of imported goods from the U.S., including agricultural products and medical devices. Both sides will jointly announce a list of tariff-reduced products.

StarkWare stated in an update on September 23 that the estimated GPU computing cost for preparing a quantum secure Bitcoin (QSB) transaction has dropped to below $67, a decrease of about 79% compared to the approximately $320 computing expenditure for the first similar mainnet transaction in August. According to StarkWare, the first QSB transaction was packaged and confirmed on August 26, with the engineering work completed by Tomer Giladi, and submitted directly through MARA's Slipstream service. The preparation process consumed about 3100 GPU hours, utilized around 100 GPUs, and incurred a computing cost of approximately $320, excluding Bitcoin network transaction fees.This cost reduction resulted from the quantum secure Bitcoin optimization challenge initiated on September 16 by StarkWare, Yukon Research, and Eigen Labs. The challenge invited developers, researchers, and AI agents to optimize transaction construction software, ultimately resulting in 62 adopted improvements across two computational tasks required to prepare a QSB transaction, with benchmark tests showing an estimated computing cost reduction of about 79%. The relevant dashboard currently indicates that the estimated cost has further decreased to $66.The QSB proposal was released by StarkWare researcher Avihu Levy in April, introducing hash-based quantum attack protection for transactions without altering Bitcoin's consensus rules. Due to limited cost, complexity, and applicability, he described it at the time as an emergency measure while continuing to advocate for adjustments at the protocol level.

On the FOMO platform, the Artificial Inu (AI) whale sold 6.096 million tokens (worth 2.03 million USD) this morning. He still holds 17.5 million AI (5.84 million USD), with a profit (realized + unrealized) of 7.56 million USD.According to GMGN market data, Artificial Inu (AI) dropped over 12% between 5 AM and 6 AM this morning, possibly due to the whale's sell-off.

The spokesperson for the Ministry of Commerce, He Yadong, stated that the economic and trade teams of China and the United States are maintaining close communication on the issue of mutual tariff reductions amounting to 30 billion dollars, and relevant progress will be released in due course.