On November 7, Swiss drugmaker Novartis said it would stop developing its experimental cardiovascular drug pelacarsen for atherosclerotic cardiovascular disease after a trial found no reduction in heart attacks, strokes, or cardiovascular deaths. According to Sina Finance, the seven-year Phase III Lp(a) HORIZON trial enrolled 8,322 patients and found that pelacarsen lowered lipoprotein(a), or Lp(a), by an average of 78%, but showed no clear cardiovascular benefit in any patient subgroup. The study was the first completed Phase III cardiovascular outcomes trial targeting Lp(a), a lipoprotein largely influenced by genetics and associated with higher risks of atherosclerosis and blood clots; about 20% of the global population has genetically elevated Lp(a). Senior study author Steven Nissen, a cardiovascular specialist at the Cleveland Clinic, called the results “completely neutral,” saying the drug had neither benefit nor harm. Novartis will retain one mid-stage study to assess whether pelacarsen can slow the progression of calcific aortic stenosis. The drug had previously been viewed as a potential blockbuster, with annual sales once expected to reach billions of dollars; the trial result presents a new challenge for strategies to prevent cardiovascular events by lowering Lp(a).

Yi He said Binance has no legal way to move funds directly out of another user's account after a user lost money by transferring coins to the wrong account while using two separate apps, and that she will personally cover the loss, according to a post on X. She said Binance cares about its users the way they care about Binance. Yi He explained that for historical compliance reasons Binance operates three local sites developed entirely independently, with product architecture and business models that differ from the main platform and focus mainly on local fiat trading. To prevent a repeat, she said Binance Pay transfers will add three confirmations. She also invited users to submit product suggestions in the comments, saying the product team will pick the 10 best ideas and reward each with 1 BNB over a one-week period.

Web3Auth said it is working with Keplr to move assets from affected wallets to secure recovery wallets following a wallet security incident. According to Odaily, Web3Auth published verified recovery wallet addresses for Cosmos Hub, Osmosis, Celestia, Akash, Noble, Injective, dYdX, Babylon, Axelar, Saga and Agoric, as well as EVM addresses spanning eight chains, after some recovery transfers were mistaken for attacker activity. Web3Auth said the listed addresses are being used to transfer affected assets safely and are not controlled by attackers. It plans to publish more verified addresses and advised users to follow official announcements and beware of impersonation scams and fake asset recovery requests.

Jingdong Coinlink’s official website appears to be offline and is currently inaccessible. According to Odaily, Qichacha lists Jingdong Coinlink Technology Hong Kong Limited as “still registered.” JD previously announced plans to issue a Hong Kong dollar-pegged stablecoin in Hong Kong, with a 1:1 peg. Jingdong Coinlink was a participant in the Hong Kong Monetary Authority’s stablecoin issuer sandbox but was not included in the first group of licensed stablecoin issuers.

On November 8, Goldman Sachs said persistent speculative outflows were a major reason for the recent sharp decline in international gold prices. According to Sina Finance, Commodity Futures Trading Commission (CFTC) positioning data showed that managed funds, other traders, and non-reportable traders collectively cut about $8 billion in gold positions from October 20 to 27, marking a fifth consecutive week of net outflows. Since September 22, cumulative speculative outflows from the gold market have reached $19.5 billion. Of the $8 billion outflow from October 20 to 27, about $5.2 billion came from long liquidations and $2.8 billion from new short positions. Other traders and non-reportable traders accounted for about 95% of the outflow. Long-position reductions by the other-trader category alone totaled $4 billion, making nontraditional investors the main force behind the selling, Goldman Sachs said. Goldman Sachs said large-scale speculative selling explained why gold failed to benefit from falling real interest rates. From October 20 to 27, the U.S. 10-year real Treasury yield fell 11 basis points, which would typically support gold, a non-yielding asset, but gold prices declined 1.6% over the same period. The U.S. dollar index rose 0.6% and Brent crude gained 4.1%, adding to the downward pressure on gold. Analysts said concerns about sovereign liquidity management and a strong dollar may have prompted some investors to exit gold positions. Selling pressure may not have fully run its course. Although managed funds’ net positions were relatively low, as of October 27, other traders’ long gold positions remained above the median of the past two years both in nominal value and as a share of open interest, suggesting room for further liquidations. Gold prices fell another 4.3% from October 27 to 30, while Brent crude rose a further 3.7%. Options markets also began to reflect bearish sentiment: gold’s three-month implied volatility increased, and the 25-delta put-call skew rose to the 85th percentile of its range over the past year, indicating increased downside hedging and bearish bets.

Trust Wallet CEO Felix said on X that Trust Wallet was not affected by the Web3Auth security issue. According to Odaily, Web3Auth previously disclosed a security issue affecting services used by some third parties and temporarily suspended its embedded wallet service.

The U.S. Treasury Department's restrictions on MEXC start with its fund transfers with U.S. financial institutions.

With the establishment of the regulatory framework, the proportion of first-launch/exclusive listings in South Korea has decreased significantly.

The wave of protests has spread from Scotland to Spain, with 2,000 people rallying simultaneously in Dublin and 1,300 in Helsinki in just one day, and clashes and arrests breaking out in Amsterdam.

This week, 14 blockchain startups raised $43.5 million. Uranium Digital raised $16.5 million in Series A funding, the largest funding round this week.

From the history of the Russian trade in dead souls in the 19th century to the world's iris and palm print recognition, in an era of rampant AI forgery, proving the existence of a real human being is becoming an economic technology with a clear price tag.

Golden Weekly is a weekly blockchain industry summary column launched by Golden Finance, covering key news, market and contract data, mining information, project updates, technological advancements, and other industry dynamics.

Artificial intelligence, US stocks, investment, US tech stocks have experienced a rollercoaster ride – Dan Bin: The probability of the AI ​​era coming to an end is extremely small; funds are being withdrawn to continue adding to positions. Golden Finance reports that US tech stocks experienced significant volatility this week.

The Paraguayan banking crisis exposed the vulnerabilities of traditional finance and also revealed the true nature of crypto "alternatives"—stablecoins, privacy, and identity each have their weaknesses.

Anthropic probably didn't expect that its carefully chosen listing window would be overturned by a midterm election.

Artificial intelligence, financing, JPMorgan Chase, is winning the bid just the last straw? The market is finally facing the risks of AI "circular financing." Golden Finance: The cracks in the AI ​​prosperity narrative are widening.