risk

The Japanese yen fell below the 160 mark against the US dollar for the first time since September, weakening for the third consecutive trading day. The US-Japan interest rate differential exceeded 250 basis points, increasing the pressure on the yen to depreciate.Jun Mimura, an official from Japan's Ministry of Finance, stated that the recent fluctuations in the yen's exchange rate have been "too rapid," and mentioned previous interventions in the foreign exchange market. Japan intervened in the foreign exchange market three times this summer, utilizing a total of 15.4 trillion yen (approximately 96.4 billion US dollars).

Liquid Capital founder Yi Lihua stated that the Binance black swan event and the significant victory of the Democratic Party in the United States have had a considerable impact on both the AI stock market and the cryptocurrency market. Investors need to continuously adjust their strategies based on the market environment. Although there have been multiple successful exits at the peak previously, it is still necessary to be cautious of prematurely bottom-fishing at this stage, to avoid catching a falling knife at the "halfway up the mountain."

Julian Lafarge, Chief Market Strategist at Barclays Private Bank, stated that despite the uncertainty surrounding Nvidia CEO Jensen Huang's future, the uncertain returns on AI investments, and rising financing costs testing market confidence, investors should continue to participate in the AI market. Lafarge believes that AI is not a bubble but a technological revolution that will impact all industries, although its commercialization and infrastructure development cannot happen overnight.Lafarge pointed out that Nvidia is referred to as the "central bank of AI trading," but even if the company changes its CEO, it does not mean that the entire AI industry chain's trading needs to be re-evaluated or renegotiated. He compared the potential leadership transition at Nvidia to previous management transitions at Microsoft, Alphabet, and Amazon, arguing that a successor taking over does not necessarily weaken corporate value.However, Barclays lists interest rates and the financing environment as major risks that could disrupt the market. As the scale of AI infrastructure investment expands, the market's focus is shifting from whether the demand for computing power is real to whether the massive capital expenditures can generate sufficient returns. Data center construction also faces bottlenecks such as power access, equipment installation, and commercial operation cycles, while expectations of tightening Federal Reserve policies may also raise corporate financing costs and depress long-term cash flow valuations.Lafarge emphasized that the trillions of dollars in AI investment commitments cannot quickly translate into actual computing power delivery, and there will be significant divergence in investment returns among companies. Tighter financing conditions may change the pace of industry investment and competitive landscape, but it does not mean that the long-term demand for AI infrastructure will disappear. Barclays still prefers to maintain exposure to AI investments until there are clear signs of a significant slowdown in industry growth momentum.

Coinbase's EU policy head Roeland Van der Stappen stated that the EU's efforts to tighten regulation on DeFi may push crypto users towards platforms with less investor protection. He told Cointelegraph that regulated crypto platforms might limit or even eliminate access to DeFi services as a result. He mentioned that rules aimed at protecting investors will ultimately push activities towards the least protected areas.In September, the European Securities and Markets Authority, in response to the EU Commission's MiCA consultation, suggested establishing a new category of regulated crypto services for companies providing access to DeFi protocols for customers. The European Banking Authority urged the Commission to explore new regulations for crypto lending that include suitability testing as one of the options. Van der Stappen noted that extending such tests to other DeFi services could treat simple stablecoin exchanges and leveraged lending equally, despite the different risks involved; lending, liquidity provision, and on-chain exchanges would be the most affected activities.He warned that restricting access through regulated platforms could fragment DeFi liquidity into smaller pools, resulting in worse trading prices for EU users and fostering isolated "walled garden" services that direct users towards providers outside the EU with less protection. An Adan-Ipsos survey in 2026 showed that 49% of French crypto buyers preferred accessing DeFi through exchanges, while 14% preferred personal wallets. Chainalysis reported that the slight decline in crypto activity in Germany was mainly due to reduced activity on decentralized exchanges; overall crypto activity in the EU grew by 2.2% in the 12 months leading up to June 2026.

According to Crypto Briefing, Aave founder Stani Kulechov stated at the DAS London conference that DeFi lending protocols need to introduce a "circuit breaker" mechanism, as the consequences of oracle failures could take years to resolve.He pointed out that the over-reliance on immutable code systems lacks contingency plans. When oracle data deviates, the protocol may trigger liquidations based on incorrect prices, and the immutable nature can lead to irreparable failures. The circuit breaker mechanism draws from traditional markets' practice of halting trading during extreme conditions, allowing protocols to pause operations until the issue is identified.

Arthur Hayes is optimistic about Anthropic's initial public offering performance, stating that he is increasing his crypto risk positions and maintaining a small to medium size for quick liquidation when necessary.

The founder of Slow Fog, Yuxian, issued a warning stating that the new version of Telegram supports directly embedding interactive applications in chat messages. The related functionality uses QuickJS to execute JavaScript, which may increase the risk of malicious code attacks, and users are advised to upgrade with caution.The Bot API 10.4 officially introduced this feature on November 9. Although the official version provides a QuickJS sandbox and network access restrictions, recent security researchers have discovered that the related execution engine previously had a remote code execution vulnerability that could potentially break the sandbox isolation.

The cryptocurrency wallet provider Bitget Wallet announced plans to expand AI-assisted threat detection. In the third quarter of 2026, the average number of signature requests flagged as potential phishing increased by 7.4 times, rising from about 5,000 in the second quarter to approximately 37,000. Bitget Wallet's Chief Operating Officer Alvin Kan stated that this increase may reflect both a rise in threat activity and enhanced detection capabilities, but existing data cannot quantify the contribution of each.Alvin Kan added that the statistic refers to flagged signature interactions, rather than independent attack incidents or confirmed financial losses. Bitget Wallet introduced AI-assisted risk detection in the second quarter, and the expanded AI checks analyze website code and domain registration information to identify signs of fraud, simulating transactions before user signatures to uncover hidden permissions. In October, 90% of the newly intercepted high-risk domains were identified by AI, compared to 36% in the second quarter; nearly 70% of the domains flagged by AI that month did not have matching alerts in the external threat intelligence sources it checked.Phishing threats continue to target cryptocurrency users. In July this year, a trader lost nearly $1 million due to signing a malicious Ethereum token authorization. An August survey by Rapid7 found that a phishing campaign targeted 885,000 phone numbers, directing recipients to a website impersonating a cryptocurrency wallet provider.

The latest monitoring report released by Morgan Stanley's prime brokerage team on Tuesday shows that global equity hedge funds staged the most intense de-risking action in over a decade during the first week of November, with a widespread wave of liquidations spreading across global markets.In the Asian market, hedge funds are controlling risk exposure through a dual strategy of reducing long positions and increasing short positions, a phenomenon particularly pronounced in the tech-heavy South Korean market. The selling pressure is mainly driven by fundamental stock-picking funds, while multi-strategy, macro, and quantitative funds are taking the opportunity to close out previous short positions, indicating a clear divergence in institutional strategies.Goldman Sachs data shows that the total leverage of U.S. fundamental long-short funds plummeted by 8.7 percentage points in a single week, marking the largest decline since the outbreak of the pandemic in March 2020; however, from the perspective of all-inclusive PB clients, the overall total leverage remains as high as 314.2%, placing it in the 85th percentile over the past year. Dubravko Lakos-Bujas, Global Market Strategy Chief at JPMorgan, believes that this round of adjustment is essentially a concentrated deleveraging by momentum traders, with capitulation-style selling already quite deep, and technical indicators suggest that short-term oversold and bottoming signals are accumulating.

Federal Reserve Governor Bowman stated that there needs to be a reduction in risks from artificial intelligence and the Middle East before there can be confidence in a decline in inflation next year.

Federal Reserve Governor Bowman stated that there is a significant risk of a correction in stock valuations.

LlamaRisk proposed a gradual exit from the Aave V3 Core portion of collateral, involving approximately 1.33 billion dollars in assets and its supported 1.03 billion dollars in debt.

According to CoinPost, the Financial Services Agency of Japan has updated the warning page for "unlicensed financial and cryptocurrency trading platforms" and added a link to the Consumer Affairs Agency's anti-fraud measures, reminding investors to be cautious of trading platforms that are not registered in Japan.The Financial Services Agency pointed out that these unlicensed platforms lack investor protection mechanisms and often face issues such as refusing user withdrawals, charging "exorbitant fees," and even suddenly going offline. The official reminds users to verify the platform's qualifications through the "Unified Search Function for Financial Service Providers" before trading. In the warning list updated in September, a Hong Kong company operating "IZAKA-YA" was added. Additionally, the Consumer Affairs Agency of Japan has implemented anti-fraud measures in September, utilizing AI to analyze consumer consultation data from various regions to identify malicious fraud techniques early.

According to a chart shared by trader Ansem, the ascending wedge that appears after a significant decline may be accompanied by decreasing volume, indicating that the upward momentum is weakening.The chart points out that this trend may entice traders to re-leverage as prices form higher highs and higher lows; if prices drop rapidly, stop-loss orders near the lows along the way may trigger selling. The top of the wedge may also coincide with a higher resistance level from before the previous decline.

Bernstein stated that the recent personal relationship-related allegations faced by NVIDIA CEO Jensen Huang are unlikely to directly impact the demand for the company's AI chips, but they may increase regulatory and political pressure. This incident could, at the very least, severely distract management's attention, and at worst, provide a reason for bipartisan lawmakers in the United States to intensify scrutiny of NVIDIA.Additionally, the firm warned that NVIDIA faces key person risk. Jensen Huang has long dominated the company's strategy and major operational decisions, reportedly overseeing about 60 direct reports, and the company's management system heavily relies on his personal leadership. It is currently unclear who could succeed him if he is unable to continue in his role. Despite these risks, Bernstein maintains its outperform rating on NVIDIA with a target price of $400.

On November 9, Beijing time, according to a report by Reuters, U.S. President Trump stated in an interview with CBS's "60 Minutes" that the risks posed by artificial intelligence are manageable, and he does not mind setting regulatory guardrails. When asked whether the U.S. should accept the risks brought by artificial intelligence to maintain its leading edge over China, Trump said these dangers are controllable and expressed a willingness to work with Democrats to formulate relevant safeguards. Trump added that he does not want regulatory measures to cause the U.S. to fall behind China in the field of artificial intelligence, becoming a distant second.

According to the official account of the Linyi City Media Center, the Linyi authorities have issued a risk warning, exposing two major illegal financial scams: "Global Securities Exchange" and "Savings Project" APP.Among them, the "Global Securities Exchange" project promotes high returns, enticing the public to invest in and purchase virtual currencies. Participants are advised to withdraw as soon as possible to prevent losses. The notice issued by the People's Bank of China and other departments regarding further prevention and handling of risks related to virtual currencies clearly states that virtual currencies do not have the same legal status as legal tender.

OKX founder Star tweeted, asking everyone to temporarily avoid transferring funds directly from MEXC to OKX.OKX is taking special measures in response to FinCEN, managing risks according to prudent standards similar to financial sanctions. According to its compliance and risk control measures, funds from related platforms may be frozen for review, and related accounts may require further investigation.Although FinCEN provided a 30-day transition period, OKX has chosen to significantly strengthen relevant risk control measures in advance rather than wait until the deadline to take action. Protecting user interests and maintaining the safety and integrity of the financial system has always been OKX's top priority.

In response to the recent orders from the Financial Crimes Enforcement Network (FinCEN) of the United States, MEXC's CEO Vugar Usi published an update stating that the platform's deposit and withdrawal operations have been running smoothly, and the team is assisting users in completing transactions. Although there has been an increase in withdrawal volume, the overall situation remains orderly. The KYT service provider Elliptic has confirmed that MEXC Global has been restored to the "exchange" category in its system, and the previous special risk classification has been removed.Vugar Usi stated that MEXC takes the concerns raised in the FinCEN order seriously and intends to engage in constructive contact with FinCEN. The company has also begun an independent review of its anti-money laundering and sanctions controls. The team will continue to focus on addressing the current situation and will share the latest information as developments occur. Previously, the U.S. Department of the Treasury's FinCEN ordered the disconnection of MEXC Global from the U.S. financial system, citing its involvement in transactions related to at least $16 billion in sanctions evasion.