Arini Capital Management’s flagship hedge fund’s year-to-date loss widened to 32% by the final days of October, and it sold some holdings. According to Sina Finance, citing a letter to investors, the fund, which focuses on high-yield debt, lost 19.7% in October amid continued weakness in credit markets. Managed by Hamza Lemssouguer, the fund reassessed its five largest positions, which together represented about two-thirds of its net asset value. The fund received $389 million in inflows over the past week, part of its $1.5 billion fundraising. The letter said the fund had underestimated dislocations in the CCC-rated bond market, which accounted for most of its exposure and led to strong co-movement among portfolio positions. The fund cut some positions and reduced total leverage to its lowest level since early 2022, while planning to further diversify its portfolio.

Paraguay's Senate voted unanimously to remove President Santiago Peña over a banking scandal on Friday, Senate TV reported. According to Sina Finance, citing Senate TV, the impeachment motion passed with 44 votes in favor and one abstention.

The AI-generated animated feature Gods Don’t Give Gifts is heading to theaters. Fable Studio CEO Edward Saatchi said a team of 30 people spent nine months creating the film, which relies on human directors, writers, voice actors and artists, according to Bloomberg.

Circle minted 250 million USDC on Solana, and Solscan data shows the transaction was executed by Circle’s minting address. According to Odaily, Whale Alert recorded the mint at 6:06 (UTC+8).

Fundstrat’s Tom Lee said he would buy the AI-stock dip and expects a 15% Nasdaq rally, while JPMorgan Asset Management portfolio manager Jack Caffrey called the selloff normal. The Nasdaq-100 fell 6.36% and erased $2.3 trillion in value a day earlier, according to BeInCrypto. Caffrey said companies he met this week had 12- to 24-month order backlogs. On Friday, US payrolls rose 165,000 in October, versus roughly 65,000 expected, lifting bets on a December Fed rate hike.

Russian President Vladimir Putin confirmed on November 6 that trilateral talks on Ukraine involving Russia, the United States and Ukraine will be held in Abu Dhabi, the UAE capital, on November 10. According to Sina Finance, Putin said members of the Russian delegation attended a meeting of Russia’s Security Council that day. Participants included presidential aides Medinsky and Ushakov, Kostyukov, head of the Main Intelligence Directorate of the General Staff of the Russian Armed Forces, and Deputy Foreign Ministers Galuzin and Ryabkov. The meeting discussed arrangements for the upcoming trilateral talks, and Putin thanked the UAE leadership for its efforts to help resolve the Ukraine crisis.

Ukraine's Foreign Minister Andrii Sybiha said on November 6 that Kyiv's priorities for the upcoming trilateral talks in Abu Dhabi are security guarantees, de-escalation in the Black Sea, an energy ceasefire, the return of Ukrainian children and prisoner exchanges. According to Sina Finance, citing China Media Group, Sybiha said Ukraine hopes Russia will show equal commitment to the peace process and called for Europe's full participation. He said arrangements concerning Ukraine must not bypass Kyiv, decisions on European security should not be made without Europe, and Europe should take part in all coordination before and after the Abu Dhabi talks. Sybiha said Russia continues to intensify strikes on Ukrainian energy facilities and pressure on the front, causing many Ukrainian civilian casualties. He said Ukraine would continue long-range strikes on Russian territory. Budanov, head of Ukraine's presidential office, said he did not expect a breakthrough from the Abu Dhabi talks, but viewed the two sides' agreement to resume face-to-face talks after several months as progress. He said the talks were neither final nor decisive and would address preparations for ending the current war; he declined to assess their possible outcome. U.S. presidential envoy Steve Witkoff said on social media on the 2nd that the United States would mediate working-level talks between Ukraine and Russia in Abu Dhabi on the 10th and 11th. The agenda would include postwar security arrangements, de-escalation, humanitarian action and further steps toward peace. The talks would mark the resumption of trilateral discussions on the conflict among Russia, the United States and Ukraine after nine months.

A recent report by Menlo Ventures shows that Chinese models account for 89% of open-source model spending by US companies, with Kimi leading the pack at 61%.

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

Why did Hyperliquid surge and then fall back after Wall Street extended an olive branch? This article analyzes the four pressures behind HYPE's drop from a new high of $97.9 to a decline of over 19%.

Duan Yongping said that 85% of the general public is not suited for investing, but I think at least half of them are not investing, but gambling.

The People's Bank of China has named and shamed public blockchain brands for violations in their promotional activities. Lawyer Mankiw interprets the activities and compliance risks of domestic teams.

Nobel laureate Argeon deconstructs the growth effect of AI using the Schumpeterian growth paradigm and proposes four new functions for governments in industrial policy, education, taxation, and international cooperation.

The US stock market lost $3 trillion overnight, the AI ​​industry chain suffered violent deleveraging, and behind the panic was the resonance of data center approval and policy risks.

The percentage of coins listed on South Korean exchanges that are "only launched domestically" has decreased from 85% in 2019 to 9% in 2024, but low trading volume on the first day is becoming a new challenge for exchanges.

Nvidia is using residual value guarantees, capacity buy-outs, and equity investments to finance its AI factories, but the $300 billion off-balance-sheet commitments are concentrating tail risks upstream.

Alphabet's market value evaporated by nearly $500 billion in a single day, and advertising growth diverged from search volume for the first time; as AI agents compare prices and place orders on behalf of others, the foundation of the advertising model is crumbling.