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CryptoQuant analyst Darkfost stated that within less than a month, the open interest of BTC on the Binance platform has decreased from 10.6 billion dollars to 8.8 billion dollars, a drop of 17%. Meanwhile, its 180-day moving average has risen from 8.4 billion dollars to 8.6 billion dollars. As the open interest falls below the moving average, new signals of deleveraging are emerging in the market. In a bull market phase, this signal typically appears when market corrections are nearing their end, reflecting that traders are reducing their leveraged exposure, which includes both voluntary liquidations and forced liquidations due to insufficient margin.Aside from the fact that this process may last for months in a bear market, a similar signal last appeared in June of this year when the BTC price was below 60,000 dollars, subsequently rebounding to above 87,000 dollars, with an increase of over 45%. Currently, as the open interest declines, the market is also experiencing large-scale liquidations. Low volatility seems to encourage some traders to take on higher risks to compensate for the insufficient returns brought about by the narrowing price fluctuations, making them more susceptible to market reversal shocks. Over the past three months, the monthly liquidation scale on Binance has reached new highs since 2021: over 1.4 billion dollars in August, 1.1 billion dollars in September, and 1.3 billion dollars in October. This trend appears to continue into November, with the liquidation scale exceeding 520 million dollars before the end of the first half of this month.These data highlight the potential losses that leveraged trading can bring to investors. In a market environment with low volatility and shrinking trading volume, blindly increasing risk exposure due to a lack of patience can quickly lead to heavy costs. However, the deleveraging phase also helps improve the market environment. Reducing leveraged positions can lower the risk of cascading liquidations, allowing spot demand to play a greater role in market pricing, thereby helping Bitcoin establish a more robust market structure.

According to the Science and Technology Innovation Board Daily, Doubao Work has officially integrated with multiple third-party models such as Kimi 3.1 Pro, GLM 5.3, and DeepSeek V4.1 Flash.In addition, Doubao Work has launched a limited-time discount for Doubao 2.1 Lite and DeepSeek V4.1 Flash, reducing the consumption multiplier for these two models.

The on-chain task and credential platform Galxe announced that it is integrating its team and brands into Gravity to accelerate the development and adoption of Gravity L1. After the integration, Galxe will gradually shut down Galxe Quest, Galxe ID, Galxe Passport, and related services. Gravity will operate normally, and the G token will not be affected.Starting today, new events can no longer be created in Spaces, and the new subscription services for Galxe+ and Galxe Score, as well as the minting function for Galxe Passport, will also be closed. December 5 will be the last day to participate in events, and December 15 will be the closure for claiming event rewards. At that time, the Galxe website will switch to read-only mode. User assets (including Smart Savings balance, unwithdrawn staked G tokens, and G tokens stored in the Gravity Alpha mainnet wallet) will remain secure, and the official will announce the claiming process separately.

After the U.S. midterm elections, concerns about tightening AI regulations and slowing data center construction have intensified, leading to a significant sell-off in U.S. tech stocks. On November 5, the "Seven Sisters" of U.S. stocks lost approximately $1.04 trillion in market value in a single day, with Nvidia dropping 9.26%, resulting in a loss of over $440 billion in market value, which is 2 to 4 times the decline of core clients like Microsoft, Google, and Amazon.The financial pressure on AI infrastructure investment is increasing. In the third quarter of this year, the combined operating cash flow of Microsoft, Google, Amazon, and Meta was no longer sufficient to cover fixed asset expenditures, with a funding gap of about $26.4 billion, whereas a year ago, the four companies still had a cash flow surplus of about $61.7 billion. Amazon's free cash flow turned from $14.8 billion in the past 12 months to a net outflow of $42.4 billion, while Meta's free cash flow turned negative for the first time in over a decade, and Google's long-term debt increased from about $20 billion to $125 billion.On Election Day, out of 41 local propositions related to data centers in 10 U.S. states, 40 of the voting results leaned towards restricting development, with 27 restrictive or oppositional propositions being passed. Research firm SemiAnalysis predicts that the impact of related policy changes on projects already underway by 2027 will be limited, but it may affect computing power expansion plans for 2028 and beyond. More than 90% of Nvidia's revenue comes from data center business; during the same period, Google Cloud's operating profit in the third quarter reached three times that of the same period last year, AWS's operating profit increased from $11.4 billion to $17.8 billion, and Microsoft Azure's revenue grew by 48%.

Global technology stocks continue to decline, pushing the hedge fund industry into a new round of adjustments. As artificial intelligence-related trades have significantly reversed, the global tech stock sell-off has severely impacted hedge funds, with some strategies seeing nearly zero returns this year. Several large funds have begun to reduce leverage and cut investment teams, raising market concerns that concentrated liquidations will further amplify volatility.Goldman Sachs data shows that stock long-short strategy funds primarily investing in tech stocks lost more than 4% in a single day on Thursday, bringing the year-to-date return of such strategies close to zero. In June of this year, the cumulative return of these funds once reached as high as 24%.This loss is not limited to tech investment strategies. Goldman Sachs data indicates that global fundamental stock long-short strategy funds averaged a decline of 1.3% on Thursday, while multi-strategy funds fell by 1.4%, reflecting that the selling pressure is spreading to broader investment portfolios.

Binance stated that the latest proof of reserves zero-knowledge proof has been generated, and users can verify their account balances to obtain at least 1:1 asset backing.

After the U.S. midterm elections, the tech stock sell-off spread to Asia, with South Korea's KOSPI dropping 9% during trading, triggering a circuit breaker, and the Nikkei entering a technical bear market. The Asia-Pacific stock market evaporated over $1 trillion in a single day. Bitcoin fell about 6% to $75,600, with a smaller decline than tech stocks.

According to Gate market data, the total market value of U.S. stocks evaporated by about $2.3 trillion approximately one hour after the market opened today. During the session, the S&P 500 briefly dipped to an intraday low of about 7394 points, falling approximately 3.83%, corresponding to a total market value that once evaporated by about $3 trillion. It has currently rebounded somewhat, with the market value evaporation narrowing to about $2.5 trillion.

According to Gelonghui, Xiao Yuanqi, Deputy Director of the China Financial Regulatory Bureau, stated at the Fifth International Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority that a large influx of capital into the technology sector and leading enterprises has raised the leverage levels in these areas, which may lead to excessive expansion.Xiao Yuanqi mentioned that the excessive concentration of capital has an crowding-out effect on traditional industries, raising the borrowing costs for these enterprises, increasing their financial burdens, weakening their ability to reinvest and expand production, and also increasing credit risks. He believes that policymakers should develop corresponding policy frameworks in advance for the AI-driven economic transformation to strengthen macroeconomic management and prevent economic and financial risks.

According to BBX data, the global capital markets have recently announced the latest developments in digital asset treasury increases and mining operations, with the core information as follows:Strategy (NASDAQ: $MSTR) increased its holdings by 811 BTC, bringing total holdings close to 850,000: According to SEC filings, Strategy purchased 811 bitcoins at an average price of approximately $80,846 from October 26 to November 1, totaling about $65.5 million (funds sourced from the MSTR stock ATM program). During the same period, the company net raised $164 million through the ATM program and repurchased 2,092,035 shares of STRC preferred stock for $208.2 million. As of November 1, Strategy has accumulated a total of 849,327 bitcoins (total holding cost approximately $64.08 billion, average price about $75,451). The company used $43.4 million to pay preferred stock dividends, with a current dollar reserve balance of $4.79 billion and a dollar cash balance of $132.7 million.Strive (NASDAQ: $ASST) purchased 124 BTC, cash reserves reached $490 million: From October 24 to 30, Strive bought 124 bitcoins at an average price of approximately $80,526 (including fees). As of October 30, Strive's total bitcoin holdings increased to 43,124. Its cash and cash equivalents amount to $490 million (a decrease of $14 million from last week), and it also holds approximately $50.06 million in fair value of 505,000 shares of Strategy STRC preferred stock. In terms of equity, its SATS preferred stock and Class A common stock outstanding slightly increased to 7,003,418 shares and over 118.1 million shares, respectively.Super League Enterprise (NASDAQ: $SLE) tests digital treasury, purchased 8 BTC: Nasdaq-listed Super League Enterprise disclosed that it bought 8 bitcoins at an average price of approximately $78,532.14 from October 28 to November 1. SLE officially stated that this move is part of the company's exploration of using bitcoin alongside cash and cash equivalents as part of its treasury asset reserves.Cipher Digital (NASDAQ: $CIFR) released Q3 financial report, net profit reached $31.6 million: Bitcoin mining company and data center developer Cipher Digital announced its Q3 2026 financial report. Total revenue for the quarter was $26.7 million, a year-on-year decrease of 62.8% (mainly due to a sharp decline in bitcoin mining revenue). However, thanks to a non-cash gain from the fair value change of $127 million in warrant liabilities, the company achieved a net profit of $31.6 million (compared to a net loss of $3.28 million in the same period last year). Adjusted EBITDA for the quarter was negative $9.96 million. As of September 30, the company had cash and cash equivalents reserves of $656 million.

The NFT project Robin Guards published a lengthy article titled "How Crypto Twitter KOLs Scam Projects (With Proof)" on November 2. The project claims to have collaborated with approximately 200 KOLs, totaling over 10 million followers, but ultimately sold only 200 NFTs, resulting in a conversion rate of about 0.002%. The project stated that after refusing to continue paying for related promotions, the same group of people began to label it as a scam, naming several KOLs they had previously collaborated with in the article and demanding explanations for behaviors such as purchasing fake interactions, posting in interaction groups, and disguising influence.Robin Guards stated that these KOLs initially posted positive promotions and called on their followers to participate; however, upon learning about bot posts, interaction group boosts, similar AI replies, and the sudden appearance of a large number of views without payment, they turned around and labeled the project as a scam. The project also mentioned that the account grebby began accusing it of fraud the day before, while that account itself sells fake followers and fake interaction services, and some of the named KOLs had purchased so-called smart followers and fake interactions from it. The project stated that it has attached screenshots in the article and claimed to have been in this field for 2 years, also being part of similar interaction groups.In the article, Robin Guards mentioned that these types of accounts are concerned with about $50 in rewards for each post, and real influence does not need to be purchased. The project suggested that other teams check the reach-to-view ratio, whether reply accounts are duplicated, and request actual conversion results from past activities, rather than just screenshots of views. The Robin Guards account had previously described itself as the privacy layer of Robinhood Chain, but its current profile states that it is a project that encountered fake KOLs on Crypto Twitter.

According to Solana's official disclosure, the revenue of Solana ecosystem applications in the third quarter approached 300 million dollars, a 50% increase compared to the second quarter.The trading volume of the spot decentralized exchange reached 19.7 billion dollars, and the market capitalization of stablecoins reached 17.51 billion dollars, setting a new historical high. In addition, the Frontier event of Colosseum received nearly 2,900 project submissions.

According to CNBC, after the release of Alphabet's third-quarter financial report, the stock price fell more than 12% to $285, with a market value shrinking by nearly $500 billion. Despite Google Cloud's revenue growing 103% year-over-year, the market is still focused on earnings per share falling short of expectations and the negative free cash flow amid ongoing investments in AI infrastructure.Mike Khouw stated in a CNBC column that the fundamentals of Alphabet's core business remain intact, but a short-term rapid rebound faces two obstacles. First, multiple institutions have downgraded ratings, target prices, or future earnings forecasts. He pointed out that historically, stocks that have experienced concentrated downgrades tend to underperform the market or trade sideways in the following 30 days, and institutional rebalancing can also limit upward momentum. Second, the gap down after the earnings report further damaged the technical pattern.In terms of technical indicators, Alphabet's RSI has dropped to just over 20, and the MACD sell signal has strengthened. However, Khouw believes that with the stock price close to the 52-week low of $270.70, combined with an extremely oversold condition, further declines may be limited.In terms of trading strategy, Khouw suggested using a sell wide strangle options strategy to cope with the anticipated range-bound fluctuations. He believes that continued selling in the overall market poses the main downside risk, while unexpected positive news driving the stock price up rapidly could threaten the bullish call option selling side of the strategy.

Stonk posted that the StonkFun official website has resumed access. Previously, the team took the website offline due to a domain attack and migrated it to new infrastructure.Stonk stated that the on-chain functions have returned to normal, and no user impact has been detected so far. However, since some network synchronization DNS changes may take up to an hour, the team recommends that users wait an hour before connecting their wallets through the official website.

Flap posted on platform X stating that to ensure user safety and stable platform operation, Flap has migrated to the new domain flap.cool, and reminds users not to visit flap.sh or connect wallets and sign transactions under that domain for the time being.

Apple and Alibaba announced a partnership to integrate Qianwen into Apple Intelligence. Chinese users can access Qianwen's text and image understanding, content generation, and other capabilities through Siri, writing tools, and visual intelligence.These features will be available for testing starting November 4 with the latest iOS developer beta version and will be officially launched with the release of iOS 27.3 in December.