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Derive option pricing shows that the probability of Bitcoin closing below $70,000 on Christmas has risen from 15% last week to 31%.

According to Cointelegraph, former Ripple Chief Technology Officer David Schwartz stated that he has sold the vast majority of his cryptocurrency holdings due to a lower personal risk tolerance.Schwartz revealed that his cryptocurrency asset holdings have decreased from approximately 26 million XRP, 1,500 BTC, and 40,000 ETH to about 3 million XRP, 1 BTC, and 6 ETH currently.

The Solana Foundation developer relations personnel stated that Direct Mapping is about to go live on the mainnet and recommended developers enable the relevant features for program testing.

According to The Block, the foundation behind the Ethereum Layer 2 network MegaETH has been renamed MEGA and has committed to allocating $30 million from its existing treasury to develop new products, with the first AI inference marketplace scheduled to launch in December.MEGA stated that all new products will run on MegaETH, and planned network upgrades such as rapid finality will also support AI inference products. Co-founder Shuyao Kong mentioned that the inference marketplace targets developers as its customer base, with specific suppliers and models to be announced at launch.MEGA's responsibilities also include expanding the use cases of the MEGA token, and Kong stated that the team will utilize the token in possible scenarios.

This evening, Alibaba announced its plan to spin off its wholly-owned subsidiary Pingtouge (Shanghai) Technology Co., Ltd. for an independent listing on the main board of the Hong Kong Stock Exchange. A professional investment institution representative, in an interview, provided a valuation for Pingtouge at between 20 billion and 30 billion USD.Previously, according to media reports, Pingtouge plans to go public in Hong Kong next year, with a fundraising scale of 2 billion to 3 billion USD. Analysts from JPMorgan had estimated its potential valuation earlier this January, roughly calculating it to be between 25 billion and 62 billion USD.

Alibaba Group (09988.HK) announced on the Hong Kong Stock Exchange that the Hong Kong Stock Exchange has confirmed that the company can proceed with the proposed spin-off. Therefore, on September 11, 2026, Pingtouge submitted a listing application form (Form A1) to the Hong Kong Stock Exchange in a confidential manner, seeking approval for the listing and trading of Pingtouge's H shares on the main board of the Hong Kong Stock Exchange.The proposed spin-off is intended to be conducted through a global offering of H shares, including a public offering in Hong Kong and a placement to institutional and professional investors. After the proposed spin-off is completed, it is expected that Pingtouge will continue to be a subsidiary of the company. The proposed spin-off is subject to the approval of the Listing Committee of the Hong Kong Stock Exchange, the completion of the filing with the China Securities Regulatory Commission, and the final decision made by the company and Pingtouge.Therefore, shareholders and potential investors of the company are advised to act cautiously when buying or investing in the company's securities.

According to a report by Sina Technology citing foreign media, Alibaba's semiconductor subsidiary Tmall Genie plans to go public in Hong Kong in 2027, aiming to raise at least 2 to 3 billion USD (approximately 15.6 to 23.4 billion HKD). As of the time of publication, Alibaba has not responded officially.Tmall Genie was established in 2018, formed by the integration of Zhongtian Micro Systems acquired by Alibaba and the chip team from DAMO Academy. Its product line includes Xuantie processors, Yitian server chips, Hanguang AI chips, and PPU chips, among others. Alibaba CEO Wu Yongming previously disclosed in a financial report conference call that Tmall Genie has achieved commercialization, with chip shipments exceeding 470,000 units and annual revenue surpassing the 10 billion level.

Today, the metal derivatives market continues to be active, with gold and silver showing a high-level consolidation and repair trend after a strong rally earlier. According to CoinGlass data, the current price of gold (XAU) perpetual contracts is $4,128.8, with a slight decrease of 0.16% over the past 24 hours; the current price of silver (XAG) contracts is $53.26, with a slight decrease of 0.34% over the past 24 hours.Among them, the XAU contracts on the Gate platform had a 24-hour trading volume of $453 million, with a net inflow of $15.08 million, ranking second among global centralized exchanges; the XAG contracts had a 24-hour trading volume of $268.16 million, with a net inflow of $11.24 million, both ranking second across the entire network.

Since the end of October, the Hang Seng Tech Index has rebounded, and Tencent Holdings has rarely experienced five consecutive days of gains. A netizen asked well-known investor Duan Yongping whether he still holds Tencent shares, to which he responded that he still does. Duan Yongping also emphasized that it is important not to use leverage or borrow money to trade stocks, and that buying good companies is also crucial.On November 2, when asked which is more attractive between Tencent and Moutai, Duan Yongping stated that both have their appeal; Moutai's business is more stable, while Tencent has greater growth potential, but also more uncertainty. Duan Yongping had previously mentioned that Tencent is a very good company and should be cherished. He also revealed that his holdings in Tencent have not reached 1% of the company's total share capital.

According to Gate market data, the panic index VIX fell by 15%, dropping below 24 points.

Amazon launches a text-based shopping feature through Alexa, helping users search and compare products, track promotions and price changes, and complete purchases on behalf of users. This feature is currently being rolled out to a small number of invited users in the United States, with plans to expand its availability in the coming weeks.

Former President Donald Trump stated on Truth Social that as president, he is 100% supportive of superintelligence and will collaborate with several states in the U.S. that hope to get rich from it.Trump compared superintelligence to a gold mine, saying that only foolish leadership would reject the wealth it brings.

Solana co-founder Anatoly Yakovenko stated that L1 teams should prioritize developing native products based on their own L1, rather than abandoning related directions due to external doubts.He also mentioned that achieving product-market fit is extremely difficult, and any product faces a high risk of failure; only by actually using their own blockchain to build products can they discover the functional gaps between their ecosystem and competitors.

According to Arkham monitoring, a certain whale took advantage of the ETH price drop of over 6% to quickly purchase 10,000 ETH through a newly created wallet from Coinbase, worth approximately 23.28 million USD.

After the Democratic Party won the midterm elections, U.S. stocks surged significantly on Wednesday, but as investors continued to pull out of tech stocks for the second consecutive trading day, the Nasdaq Composite Index plummeted on Thursday. The tech-heavy Nasdaq fell by 3.3%, and the S&P 500 Index dropped by 1.9%. The Dow Jones Industrial Average decreased by 489 points, a decline of 0.9%. Although stocks like Chevron and Johnson & Johnson rose, it was not enough to offset the drag on the Dow from the tech stock sell-off. AI-related stocks, especially those in the chip industry and data centers, fell for the second day in a row.According to Gate market data, AMD (AMD.O) fell by 12%, Micron Technology (MU.O) dropped by 9%, SK Hynix (SKHY.O) decreased by 8.8%, and Nvidia (NVDA.O) fell by 5%. The Philadelphia Semiconductor Index plummeted by 8%, reaching a new low since April 20. The Nasdaq Composite Index has dropped more than 10% from its closing record high set on October 6.Investors are concerned that the Democratic Party controlling both houses of Congress and winning key gubernatorial elections may lead to more regulation of AI infrastructure development across the United States.Jordan Watson, portfolio manager at Tandem Investment Advisors, stated that the stock market surge and the trend of funds pulling out of AI stocks may only be a temporary phenomenon. However, as investors digest the election results and their potential policy impacts, the market may face more volatility.

According to Gate market data, the decline in the optical communication sector of the US stock market has continued to widen: FOTO (FOTO) fell 8.12%; Marvell Technology (MRVL) fell 8.18%; Applied Optoelectronics (AAOI) fell 12.01%; Lumentum (LITE) fell 10.34%; Coherent (COHR) fell 8.12%; Ciena (CIEN) fell 10.85%; Fabrinet (FN) fell 8.45%; AXT (AXTI) fell 14.18%.

On November 4th, WEEX Exchange launched the "Shopping Carnival・100% Prize------Crack the Egg to Win iPhone 18 Pro Max" welfare event. Users can obtain a chance to crack the egg by reaching a contract trading volume of 1,000 USDT. The larger the trading volume, the more chances accumulate, and reaching a certain number of times can trigger a guaranteed big prize mechanism. Event duration: 11/4 00:00 - 11/25 23:59 (UTC+8).Users can unlock egg-cracking opportunities by completing daily contract trading volume ladder tasks and accumulating contract trading volume to reach ladder tiers. During the event, an individual can obtain up to 219 chances through daily tasks and cumulative tasks. In addition, inviting friends to participate and complete designated tasks allows both the inviter and the invitee to receive egg-cracking opportunities simultaneously. The event prize pool includes: iPhone 18 Pro Max (1TB), PlayStation 5 Pro (1TB), DJI Osmo 360 II, AirPods 5, 100 USDT, etc.

Investor Serenity (@aleabitoreddit) posted that the current market deleveraging has become quite severe, with investors indiscriminately selling stocks related to the AI industry chain. Some companies' stock prices have even fallen back to levels before significant orders and performance expectations were realized.Serenity cited the storage chip company ESMT as an example, noting that the company has a market capitalization of about $2 billion, achieving a gross profit of $526.2 million and a net profit of $330 million in the third quarter, with net assets of approximately $937 million, of which net cash is about $740 million. Based on current performance annualized, its price-to-earnings ratio is only about 1.6 times. Despite ongoing market concerns about the cycle peaking, unsustainable profits, and lack of competitive barriers, the trend of DDR2 and DDR3 production lines exiting is tightening supply, and ESMT expects to hedge against declining consumer demand in the fourth quarter by raising product average prices.Serenity also pointed out that manufacturers like Samsung and Micron are gradually exiting DDR2 and DDR3 production lines, and Nanya Technology has also stopped related production lines, while ESMT's revenue mainly comes from these two types of storage products. It believes that the market underestimates the price support brought by the contraction of traditional storage supply and ignores the situation where Micron, Samsung, SK Hynix, and SanDisk are locking in profitability through long-term supply agreements and price floors. Serenity criticized that the market is selling off AI and storage industry chain companies that actually generate substantial cash flow while shifting funds to companies like Walmart, which has a price-to-earnings ratio of about 47 times, and CrowdStrike, which has a forward price-to-earnings ratio of about 180 times. The current focus is not on the actual free cash flow generated by companies but rather on indiscriminate selling.