surge

On the morning of November 12, the computing power chip concept stock Suiruan Technology (688801) expanded its gains to 18%, with the stock price reaching a new high since its listing, and a total market value exceeding 250 billion yuan, accumulating a rise of over 80% in the last 7 trading days.As of the time of writing, Suiruan Technology's increase is 17.82%, priced at 582.01 yuan, with an intraday high of 588.00 yuan, a transaction amount of 1.16 billion yuan, and a turnover rate of 12.35%. Public information shows that Suiruan Technology is a leading enterprise in domestic cloud AI chips.

According to The Information, OpenAI's revenue surged to 10 billion dollars in the third quarter.

According to Catcher Predict monitoring, in the Polymarket event "Browns vs. Saints," the "Browns" option in the submarket "1Q Spread -7.5" has experienced a dramatic fluctuation in winning probability, soaring from 5.5% an hour ago to the current 24% (a fluctuation of 18.5%). Please note the impact of related breaking news.

On-chain analyst Nooman posted on platform X, indicating that the trend of meme coin trading platforms transitioning to perpetual contract business is accelerating. On Thursday, the number of daily active traders for FOMO and Pump.fun's perpetual contracts saw significant growth.Among them, FOMO's perpetual contract daily active traders approached 4,000, with a single-day trading volume reaching 334 million USD; Pump.fun's perpetual contract daily active traders approached 1,200, setting a historical high, with a single-day trading volume reaching 25.3 million USD.

After the midterm elections, U.S. President Trump made two contrasting posts on Truth Social amid the sharp fluctuations in the U.S. stock market. On November 4th at noon local time, he stated that the stock market reached a historic high again, with 91 trading days breaking records in a short period, and wrote, "Your 401(k) is skyrocketing, all records."About a day later, on the evening of November 5th, on a day when the Dow Jones fell about 3.44%, the S&P 500 dropped about 4.36%, and the Nasdaq fell about 5.52%, he posted again stating, "The stock market experienced one of the worst trading days in history due to the election results," and emphasized, "It's not the Republicans, it's the dumb Democrats (Dumocrats)," while also advising not to panic, saying it would "become stronger than ever in some way." That evening, he made another post stating, "The stock market crashed today because the Democrats won big on Tuesday... you can only blame yourselves."

According to Gate market data, Nvidia fell 7.3%, marking the largest intraday drop since April 2025.The VIX, the fear index for U.S. stocks, rose by 40.0% during the day, reporting at 23.28. The S&P 500 index's decline widened to 2.4%; the Dow Jones Industrial Average dropped over 700 points, with a decline of more than 1.3%; the Nasdaq fell over a thousand points, with a decline of more than 3.9%; the Nasdaq 100 index dropped 1300 points, with a decline of over 4.5%; the semiconductor index fell by about 900 points, with a decline of 8.7%.

According to Gate market data, the panic index VIX surged by 40%, reporting at 23.29 points.

According to Tencent Hunyuan news, Hunyuan Hy4 was launched on November 4th on WorkBuddy. To ensure user experience, the team has urgently expanded the Hy4 inference cluster tenfold and increased the free usage quota for users, and will continue to dynamically allocate resources.Due to the limitations of high-end computing power and peak concurrency concentration, it is still possible that quota situations may continue to occur during certain periods. It is recommended to switch to other models such as Hy3 or use them during off-peak evening hours. The current WorkBuddy free usage for Hy3 will be extended until November 15, 2026, at 23:59.

According to Catcher Predict monitoring, in the market prediction event "AEK vs Real Madrid" on Polymarket, the "Over" option for the sub-market "Real Madrid over 3.5 in the first half" experienced a dramatic fluctuation in win probability, soaring from 13.3% an hour ago to the current 49.6% (a fluctuation of 36.3%). Please note the impact of related breaking news.

According to BBX data, yesterday global leading crypto entities and institutions disclosed the latest developments in their digital asset treasury allocations, with the core information as follows:Tether's Bitcoin holdings increased to approximately 150,000 coins, with a market value of up to 11.5 billion dollars: Tether's CEO Paolo Ardoino disclosed for the first time during a speech at the Plan ₿ forum in Lugano, Switzerland, that the company's current Bitcoin reserves have reached approximately 150,000 BTC, with a market value of about 11.5 billion dollars at current market prices. This figure represents a significant leap from the 96,000 to 100,000 coins disclosed between early and mid-2026. Since May 2023, Tether has implemented a treasury policy to use up to about 15% of its quarterly net profit to purchase Bitcoin. According to previously published third-quarter reserve proofs, as of September 30, its Bitcoin reserve valuation was approximately 8.37 billion dollars, indicating that it likely made intensive purchases during October.BitMNR spent 11.22 million dollars to increase its holdings by 5,000 ETH, with total holdings surpassing 6.06 million: BitMNR, a publicly listed mining company under Tom Lee, made another major purchase of 5,000 Ethereum (ETH) through the Kraken exchange yesterday, with an estimated value of about 11.22 million dollars at the time of the transaction. Over the past year and a half of high-frequency accumulation, BitMNR has accumulated a total of 6.06 million ETH, with a total holding value soaring to approximately 20.18 billion dollars, and its overall average holding cost precisely controlled at 3,329 dollars per coin.

According to reports from the Financial Associated Press, the A-share market rebounded quickly in the afternoon, with the Sci-Tech 50 Index rising nearly 10% and the ChiNext Index rising over 6%. The semiconductor industry ETFs collectively rose, with the semiconductor ETF Bosera (159582) and the semiconductor equipment ETF CMB (561980) hitting the daily limit. The total transaction amount in the Shanghai and Shenzhen markets reached 2.04 trillion yuan, an increase of 334.3 billion yuan compared to the previous trading day. Over 4,600 stocks in the entire market rose, with more than a hundred stocks hitting the daily limit.On the market, the semiconductor industry chain rose, with Jingyi Equipment, Torens, Huafeng Measurement and Control, Qiangyi Co., and Jiangfeng Electronics hitting the daily limit of 20%. Northern Huachuang, Tongfu Microelectronics, and Jinhaitong also hit the daily limit. In the precious metals sector, Xiaocheng Technology hit the daily limit of 20%, while Shanjin International, Zhaojin Gold, Sichuan Gold, Chifeng Gold, and Shengda Resources also hit the daily limit. Innovative drugs and CRO concepts experienced fluctuations and rises, with Jinling Pharmaceutical, WuXi AppTec, and Kailai Ying hitting the daily limit. Computing hardware stocks rebounded in the afternoon, with New Yisheng, Zhongji Xuchuang, and Changguang Huaxin rising over 10%.Robotics and physical AI concepts performed actively, with Yongzhen Co. achieving two consecutive limits, while Fulai New Materials and Zhongma Transmission hit the daily limit, and Suochen Technology hit the daily limit of 20%. On the downside, stocks related to the "sheep" category collectively weakened, with Aoyang Health, Sunshine Lighting, Sunshine Dairy, and Baiyang Co. hitting the daily limit. By the close, the Shanghai Composite Index rose 2.16%, the Shenzhen Component Index rose 4.22%, and the ChiNext Index rose 6.4%.

According to Catcher Predict monitoring, in the market prediction event "Winner of the South Carolina Senate Election" on Polymarket, the "Yes" option for the sub-market "Annie Andrews (D)" has experienced a dramatic fluctuation in winning probability, soaring from 63.5% an hour ago to the current 97.9% (a fluctuation of 34.4%). Please note the impact of related breaking news.

Markus Thielen, founder of 10x Research, stated in the Cointelegraph podcast Trade Secrets that the days of Bitcoin experiencing double-digit gains consecutively are over, as Wall Street traders and profit-taking whales are reshaping the market structure. He believes that institutional traders are selling call options after price increases, making the extreme price surges of earlier years less common. Thielen, who is also the author of the industry historical work Crypto Titans, found in his writing that each cycle has different drivers, and different drivers attract different investors. The current drivers are from Wall Street, with investors trading based on economic data and Federal Reserve decisions.Thielen estimates that among the $60 billion in net inflows for spot Bitcoin ETFs he analyzed, market makers could account for as much as half. These institutions hold ETF shares to hedge options trading, so they do not necessarily represent a bet on Bitcoin's price increase. His estimate is based on a review of the SEC's 13F filings. He still expects Bitcoin to reach $90,000 by the end of the year, but it may first drop to a range of $76,000 to $79,000. Bitcoin fell to about $76,100 last Friday after a $6.3 billion hacking incident on Binance, with a cumulative drop of 7.3% in October.Thielen expects Bitcoin to outperform Ethereum, believing that too much value generated by Ethereum's ecosystem is flowing to Layer 2 networks. He has been bearish on Ethereum for over a year, comparing it to a highway: everyone wants the road to be clear and tidy for fast travel, but no one wants to pay for it. He cited the decentralized perpetual contract exchange Hyperliquid as an example, pointing out that its aid fund converts trading fees into HYPE and destroys them, suggesting that Ethereum needs to establish a stronger connection between network usage and financial benefits for holders.

According to Catcher Predict monitoring, in the Polymarket event "Celtics vs. Rockets," the sub-market "Kevin Durant: Points O/U 9.5" saw a dramatic fluctuation in the probability of the "Yes" option, soaring from 49.5% an hour ago to the current 64.5% (a fluctuation of 15%). Please note the impact of related breaking news.