Canada’s government plans to launch new guaranteed securities early next year to seed the Canada Strong Fund, which will be able to use the money to buy equity stakes in companies, including technology firms. The fund is set to start its retail offering in 2027, according to Bloomberg.

A whale lost a total of $740,000 after a BTC long position and a TRUMP short position were liquidated. According to Odaily, citing on-chain analyst Ember, a $33.7 million BTC long position was liquidated during a price drop at 11 p.m. last night, resulting in a $620,000 loss. At 1 a.m. today, the whale opened a $2.57 million short position in TRUMP, which was fully liquidated during a rebound at 2 a.m., causing a further loss of $120,000.

A renewed sell-off in AI-linked technology stocks is hitting Wall Street hedge funds, with Walleye Capital restructuring its business. According to PANews, citing Wall Street News and Business Insider, the $17 billion multistrategy fund is cutting its core equity long-short team and returning some investor capital; it lost 5.9% in October, its worst monthly performance since March 2020, and is down 6.8% this year. Goldman Sachs data show hedge funds were net sellers of about $20 billion in technology stocks over two weeks, erasing in five trading sessions their accumulated net long positions in AI stocks since the start of 2025.

Japanese and South Korean stocks fell into bear-market territory on Friday as a sell-off in U.S. AI shares spread across Asia. According to Sina Finance, citing Cailian Press, the MSCI Asia Pacific Index was down 3% at 247.75 as of publication. South Korea’s KOSPI briefly plunged 8% after opening, falling below 5,000 and triggering circuit breakers, while the small-cap Kosdaq dropped more than 7%. The KOSPI was 47% below its record high of 9,385 in June. Samsung shares fell nearly 10% and SK Hynix dropped 11.7%. South Korea’s Finance Ministry said U.S. stock declines could spill over into global markets and that it would take necessary measures to prevent excessive volatility detached from fundamentals. Japan’s Nikkei 225 fell more than 6%, extending its decline from its June peak to over 20%; the Topix was down 2.9%. SoftBank fell 16%, its steepest one-day decline since August 2024. Kioxia dropped 14% and Tokyo Electron lost nearly 9%. Australia’s S&P/ASX 200 fell 0.9%. On Thursday, all three major U.S. stock indexes recorded their worst daily performances since April 2025. The Nasdaq Composite fell 5.5%, closing more than 10% below its recent high and entering correction territory. All 11 S&P 500 sectors declined, with AI infrastructure-related companies among the hardest hit. Investors were due to receive the U.S. October jobs report on Friday evening. The Dow Jones consensus forecast called for 59,000 jobs to be added and the unemployment rate to remain at 4.2%.

Cecep Mochammad Yasin, director of mineral business development at Indonesia's Ministry of Energy and Mineral Resources, said Huayou Cobalt, Harita Nickel and Tsingshan Holding Group plan to cut nickel output in 2027. According to Sina Finance, citing Bisnis Indonesia, Huayou plans to cut production in Southeast Sulawesi by 50%, while Harita Nickel and Tsingshan are preparing similar measures to address a global nickel supply glut and support prices.

Paraguay’s Chamber of Deputies opened an extraordinary session on Thursday to consider impeaching President Santiago Peña, after the ruling Colorado Party backed an impeachment trial. The move followed the central bank’s takeover of Ueno Bank on Tuesday after its solvency ratio fell below 50% of the required minimum, according to BeInCrypto. Opposition lawmakers and ruling-party dissidents filed impeachment charges against Peña and Vice President Pedro Alliana on Wednesday, backed by 35 signatures.

According to ChainCatcher, Galaxy Digital CEO Mike Novogratz said GLXY’s share price is significantly disconnected from what he believes the company is worth and that he will start buying more shares immediately, making a major bet on the company. He acknowledged that a Democratic victory and the resulting “blue wave” have put pressure on companies such as Galaxy, but said politics should not be conflated with long-term fundamentals. Novogratz described the shift of finance onto blockchain and surging AI demand as generational changes that transcend changes in government and market cycles. He also said Galaxy completed the first phase of its Helios project in Texas as planned, with 800 megawatts of capacity leased under long-term contracts, and will continue working with local lawmakers, communities and the new administration.

According to ChainCatcher, Hyperliquid, an on-chain perpetual futures platform, collected $521,000 in priority fees on Nov. 6, a record high. The fees also accounted for a record 12.7% of the platform’s daily revenue. Priority fees are extra payments users make to validators or protocols to prioritize transactions during heavy competition or network congestion. The record came as U.S. stocks suffered a historic decline, prompting liquidation bots, arbitrageurs, and other traders to compete for faster transaction processing.

Blockchain Life 2026 in Dubai announced confirmed speakers including Arthur Hayes, Ben Zhou, Sandeep Nailwal, Yat Siu and BlackRock’s Tony Ashraf. The Dec. 1-2 forum expects 15,000+ attendees from 130+ countries, 200+ speakers and 200+ sponsors, according to BeInCrypto.

Ripple-backed Evernorth, an XRP treasury company listed on Nasdaq, has fallen nearly 47% since its October 12 debut, from a high of $19.39 to a record-low $10.05 on November 5. A preliminary S-1 registers 73.7 million Class A shares for resale by 21 holders—nearly three times the outstanding Class A stock—according to BeInCrypto, including Ripple Labs, Arrington XRP Capital Fund and four SBI-affiliated entities. The filing does not confirm that anyone has sold or plans to sell, and Evernorth would receive no resale proceeds. Lock-ups for Ripple, the Arrington sponsor and a Larsen-linked entity generally expire on April 9, 2027.

US stocks plummeted by 4 standard deviations, with concerns about AI revenue and debt and the blue wave forming the background, while funding and sentiment amplified the impact.

Following the US midterm elections, the rise of political forces opposing the unchecked expansion of AI, coupled with weaker-than-expected earnings from tech giants and uncertainties surrounding data center construction, led to a historic sell-off in Wall Street's AI trading. The Nasdaq's market capitalization evaporated by approximately $2.5 trillion in a single day.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 3234, providing you with the latest and fastest news on the digital currency and blockchain industry.

By integrating the technological and resource advantages of both parties in the fields of artificial intelligence, cybersecurity and industrial applications, we will promote cutting-edge technology research, product innovation and industrial cooperation.

China Resources Longdi Smart Network Security and GCSA jointly established the AI ​​and Network Security Research Center, focusing on AI-based anti-fraud and threat detection.

Revolut's $115 billion valuation is supported by payments, subscriptions, and cross-border distribution, while Nubank earns real profits through consumer credit and local market penetration. Stablecoins are bringing these two paths together.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse.

GCSA disclosed its ecosystem product matrix: 380 million users, 91.3% success rate in evaluations, and its security capabilities are moving towards comprehensive joint defense.

Of Circle's $865 million in revenue in the third quarter, $182 million came from pre-sale revenue of ARC tokens; excluding this, the reserve interest income from its main business is still shrinking year-on-year.