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Coinbase CEO Brian Armstrong stated that Coinbase stores over 99% of the crypto assets it manages in cold wallets and uses the latest AI models to enhance defenses, sometimes gaining early access to model capabilities. He mentioned that Coinbase's security design takes into account the possibility of employees being deceived, ensuring that no single individual, computer, or system can independently transfer user funds. He also noted that seven of the largest banks in the world have chosen to collaborate with Coinbase, which holds over 80 licenses globally.AI agents in finance are a key focus for Coinbase. Armstrong cited predictions that by 2030, the transaction volume processed by AI agents could reach between $3 trillion to $5 trillion. He believes that crypto networks are suitable as infrastructure for agents to execute transactions, and developing financial accounts for AI agents is one of Coinbase's priorities.Regarding tokenized stocks, Armstrong stated that the trading volume of tokenized stocks on Base has exceeded $5 billion. He believes that tokenized stocks are more accessible than traditional stocks and can be integrated with DeFi protocols, allowing holders to earn yields on their stock assets.On the topic of perpetual contracts for U.S. stocks, Armstrong indicated that Coinbase has been advocating for the compliance of such products in the U.S. for years and welcomed collaboration with the heads of the SEC and CFTC on this matter. He pointed out that perpetual contracts for stocks are already being traded in markets outside the U.S. He also previewed that Coinbase Pro is set to launch soon, but did not provide a specific timeline in the post.

Meta's consumer-grade AI assistant Muse has opened its call-making feature to paid subscribers in the United States, allowing it to call American businesses on behalf of users. This feature began testing in September and was previously available only to a select group of early users who applied for access. Meta announced last month that the number of Muse users has exceeded 10 million.Meta's Chief AI Officer and head of the Superintelligent Lab, Alexandr Wang, stated that this feature can be used to handle calls that users do not want to make personally, including contacting cable companies, motor vehicle departments, and making reservations at restaurants that do not offer online booking. The Muse subscription plan starts at $20 per month, providing 500 million Muse tokens weekly; the $100 monthly plan offers 3 billion tokens per week. Wang also mentioned this week that the recently added Muse email address feature will soon be available to free users.

The U.S. Bitcoin spot ETF has seen a cumulative net outflow of 1.56 billion dollars this year, with a net outflow of 643.6 million dollars as of Thursday this week.

Multiple sources say that the U.S. intelligence community is still trying to understand the relationship between Chinese businesswoman Alice Huang and the Chinese government. Alice Huang had an affair with NVIDIA CEO Jensen Huang, and the intelligence collected so far does not prove that she is engaged in espionage activities for Beijing. U.S. officials have differing opinions on the validity of the evidence regarding whether Alice Huang was recruited by the Chinese Ministry of State Security to monitor Jensen Huang and, in turn, monitor U.S. policymakers. The FBI has been investigating this relationship for at least a year. U.S. Attorney General Todd Blanche stated on Thursday that the Department of Justice and he himself have not reached any conclusions regarding this matter.

The U.S. October PPI year-on-year will be announced at 21:30 Beijing time, with a previous value of 6.3% and a forecast value of 6.6%; the U.S. October core PPI year-on-year will be announced at 21:30, with a previous value of 5% and a forecast value of 5%.

The New York Federal Reserve report confirms that the U.S. Treasury used approximately 500 million euros equivalent during the coordinated intervention in the foreign exchange market with Japan on July 31. The New York Federal Reserve purchased 79.4 billion yen and sold euros from the "Exchange Rate Stability Fund."This action aimed to address the disorderly fluctuations of the yen exchange rate. The Federal Reserve did not participate in this intervention.

For the week ending October 31, the number of continuing claims for unemployment benefits in the United States was 1.697 million, lower than the expected 1.71 million, and the previous value was revised from 1.718 million to 1.717 million.

For the week ending November 7, the number of initial jobless claims in the United States was 200,000, higher than the expected 195,000, and the previous value was revised from 189,000 to 191,000.

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."

Inflation data for October in the United States sends multiple warning signals. The data shows that the core CPI rose by 0.3% month-on-month, higher than the market expectation of 0.2%, exceeding expectations for the third consecutive month; the overall CPI rose by 0.4% month-on-month, also above expectations. The impact of rising energy prices is spreading to areas such as food and transportation, and service inflation remains robust, further complicating the Federal Reserve's efforts to control inflation.Specifically, food prices in the U.S. rose by 0.5% month-on-month in October, with grocery prices recording the largest monthly increase since April; urban transportation service prices saw the largest monthly increase since 2020, and prices for airline tickets and delivery services also increased. Additionally, service prices excluding energy and housing rents rose by 0.4% month-on-month, while owners' equivalent rent increased by 0.3%.AI investments are bringing new cost pressures. Over the past three months, the annualized price increase for computers and peripheral devices in the U.S. reached 25%, and electricity prices rose by 0.9% month-on-month in October, marking the largest increase in six months. Morgan Stanley estimates that AI-related factors have contributed about 6 basis points to the core CPI this year, with the current impact still relatively limited, but as data center investments expand, related pressures may rise further.In terms of monetary policy, Chicago Fed President Goolsbee described the latest inflation data as approaching an alarming level. Fed Governor Waller previously stated that if the core CPI month-on-month increase reaches 0.3% or higher, the December meeting should consider raising interest rates by 50 basis points. Goldman Sachs has included a forecast for an additional 25 basis point increase in March 2027, expecting that the target range for the federal funds rate will rise to 4.25% to 4.50%. However, some economists warn that there is a lag in the transmission of energy prices, and over-reliance on current data may lead to excessive tightening of monetary policy.

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.

Zcash holders and community representatives will vote from November 16 to 30 on a proposal to remove 50,000 ZEC from the community grant fund (ZCG). This proposal was co-drafted by Zcash co-founders Sean Bowe, Zooko Wilcox, and Jason McGee, and was merged into the specification repository on Wednesday. According to the October treasury snapshot referenced in the proposal, ZCG holds 91,453 ZEC, and the amount proposed for removal accounts for approximately 55% of its holdings.If the proposal passes and is activated in the network upgrade, ZCG must remove the 50,000 ZEC from circulation within 30 days, and its corresponding value will be included in the Network Sustainability Mechanism, gradually returned through future block rewards. Additionally, the proposal plans to stop allocating 8% of newly issued ZEC to ZCG, transferring this portion of funds into a new Future Dev and Legal Defense Fund, which will continue to accumulate until the next Zcash halving. Funds in this new fund will temporarily be unavailable for expenditure until separate withdrawal rules are approved.ZCG can still use the remaining treasury funds to continue issuing development grants, and the independent 12% holder-controlled fund will not be affected. The proposal states that based on the October treasury snapshot, a ZEC price of $1,300, and expenditure estimates for the first half of 2026, the current funds of ZCG can cover approximately 13 years of expenditures; after the removal of 50,000 ZEC, the remaining funds are expected to cover about 6 years. Previously, ZCG proposed to redirect approximately 98,000 ZEC from existing assets and future income to miner rewards, but abandoned this plan on November 3 after facing community criticism. This new proposal still requires community support and must be implemented through a network upgrade. The activation block height has not yet been determined, nor has a reference implementation been provided.

According to the Financial Times, the European Union and the United Kingdom will postpone the 10% tariff on electric vehicles.

Ethereum developer Marchhill submitted the draft EIP-8437, proposing to propagate proof wrapper data through the eth/73 protocol and introducing an optional mode that allows transactions to submit raw signatures to the aggregator without pre-generating STARK proofs.This proposal supports the direct propagation of certified packages with transactions and performs independent checks of specified programs in resource-constrained sandboxes to verify witness data. The new program does not require the development of native adapters for each signature scheme separately. Additionally, the proposal plans to limit the batch queue size, clean up expired transactions, and recheck records before formally generating proofs to support failure retries.Currently, the proposal is still in the Draft stage and has not yet been merged. The developer pointed out that VM and key binding consistency verification, cryptographic verification, and performance testing are still incomplete, and benchmarking has not yet been conducted.

Zach Pandl, the head of research at Grayscale, pointed out that the number of monthly active developers for Zcash has roughly doubled over the past two years, while the broader cryptocurrency developer community has declined from its peak during the same period.About 70% of Zcash's active developers have over a year of experience in cryptocurrency development, which is higher than the overall industry average of 58%. These developers possess expertise in zero-knowledge proofs and post-quantum cryptography research. The article suggests that the continued engagement of developers indicates the network's capability for ongoing improvement. The growing developer community of Zcash combines a strong privacy ethos with the goal of making private digital currencies more accessible. This momentum is expected to continue supporting protocol innovation and may ultimately translate into an increase in ZEC valuation.

According to Sifted, game engine company Unity and NVIDIA's investment arm NVentures have joined the approximately $700 million funding round for UK AI startup Emulate.Emulate was founded in August this year by several former researchers from Google DeepMind and is registered in the UK. The founders include Jack Parker-Holder, Matthew McGill, and others. The company's focus is on "world models," which learn the laws of the physical world from video and interactive data to train agents that can act in real environments.Previously, the Financial Times reported in September that Emulate planned to raise up to $700 million at a valuation of about $3.7 billion; Bloomberg and PYMNTS later stated that its valuation was approaching $4 billion just one month after its establishment. Sifted noted that Unity and NVentures are the latest investors to join, but did not disclose the specific investment amounts from each.

U.S. Ambassador to China David Perdue stated on November 11 that the U.S. and China are advancing the establishment of an AI crisis mechanism. U.S. Treasury Secretary Janet Yellen emphasized on the same day that both sides plan to establish direct communication channels to promptly report significant AI incidents involving national security.This mechanism is similar to an AI emergency hotline. For example, if an AI entity unauthorizedly attacks another country's network, jeopardizing critical infrastructure, or if advanced models show severe signs of losing control, both sides can exchange information in a timely manner to avoid misjudging a technical incident as a deliberate attack. In September of this year, the leaders of the U.S. and China agreed to establish a communication channel for AI incidents.

According to RootData monitoring, yesterday the total net outflow of Bitcoin spot ETFs in the United States was 95 million dollars. Among them, BlackRock IBIT had a net outflow of 78.24 million dollars, Fidelity FBTC had a net outflow of 36.79 million dollars, and Morgan Stanley MSBT had a net inflow of 20.03 million dollars.The remaining ETFs such as Grayscale GBTC, Grayscale Mini BTC, Bitwise BITB, and Ark ARKB had a net inflow of zero on that day.