Russia is set to export pig iron from the Arctic port of Murmansk for the first time in 30 years, avoiding shipping routes in the Black Sea region targeted by Ukraine and adjusting cargo transport channels. According to Sina Finance, the port posted a video on Thursday showing pig iron being loaded, with a caption saying: “Operations at Murmansk port are in full swing: Changes to logistics in southern Russia have significantly increased cargo volumes here.” The port had announced on October 14 that it would handle pig iron shipments for the first time since 1996. The cargo is likely bound for Turkey; the European Union has banned imports of Russian pig iron since January 1 this year. Pig iron is a key raw material for the steel and cast-iron industries. Russia and Ukraine are the world’s two largest pig iron exporters after Brazil.

South Korean stocks fell as retail investors increased their U.S. stock purchases, with five trading days of net buying exceeding the total for August. According to Sina Finance, citing data released by the Korea Securities Depository’s SEIBro platform on the 7th, investors net bought $2.19753 billion in U.S. stocks from the 2nd through the 6th, equivalent to about 2.982 trillion won. That was more than August’s $1.96234 billion and over twice September’s $1.00128 billion, and equaled about 40% of the previous month’s $5.42312 billion total. During the same five sessions, investors net bought 4.2 trillion won in shares on the KOSPI main board, nearly matching their U.S. stock purchases. South Korean retail investors were net sellers of U.S. stocks in April and May, selling $468.93 million and $939.77 million, respectively. They turned to net buying in June and continued increasing purchases, with last month’s net buying reaching an 11-month high. The shift came as South Korean stocks retreated after failing to extend their gains from the first half of the year and the won strengthened from the 1,500-per-dollar range to the mid-1,300s, lowering the cost of converting won into dollars. Purchases were concentrated in Direxion Daily Semiconductor Bull 3X Shares (SOXL), which seeks three times the daily return of a semiconductor index. Investors net bought $1.62525 billion of SOXL from the 2nd through the 6th, more than 70% of total net U.S. stock purchases. They also net bought $497.05 million of Alphabet shares and $220.22 million of ProShares UltraPro QQQ (TQQQ), which seeks three times the daily return of the Nasdaq-100 Index. According to the Korea Financial Investment Association, brokerage investor deposit balances stood at 88.5338 trillion won as of the 5th, remaining below 100 trillion won for nearly a month since the 13th of last month. Margin debt was around 28 trillion won, at 28.7715 trillion won.

UK Growth Minister Dan Tomlinson said Britain would not slow its AI development despite a backlash against AI emerging in the United States during the midterm elections. According to Sina Finance, Tomlinson said in an interview that Britain should not assume it would replicate the polarized debate in the United States. Democratic candidates won major victories with campaign platforms that included tighter regulation and slower data center construction. Tomlinson said Britain could avoid a fierce debate over data centers and continue treating them as critical infrastructure. He added that the government had observed disorderly development in some parts of the United States and learned from it. He said Britain was taking a different approach, and its regulatory framework already included some of the oversight mechanisms sought by the victorious Democratic candidates.

According to Jin10, New Zealand opposition lawmaker McNulty said the National Party received more votes than they expected.

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

According to ChainCatcher citing The Information and Bernstein, Microsoft’s third-quarter capital spending was about $5 billion below plan after third-party data centers it intended to lease were delayed. An Iren project in Childress, Texas, was among the causes, deferring some of Microsoft’s spending. Microsoft had announced plans to spend $9.7 billion over five years to lease servers equipped with Nvidia GPUs from Iren. Microsoft also withdrew last month from a planned data center lease with Nscale in the UK over delays in grid access. With its own data center construction unable to meet demand quickly, Microsoft is renting computing capacity from multiple cloud providers. Supermicro reported first-quarter revenue of $19.95 billion, above analysts’ expectations of $16.39 billion, and forecast second-quarter revenue of $19.5 billion to $21.5 billion. It raised its fiscal 2027 revenue outlook to $72 billion to $82 billion, from $65 billion to $72 billion. Bernstein said AI computing demand assessments should account for contract cancellation terms, duration and deployment timing, since projects may be delivered in phases and chip procurement and data center lease agreements may cover the same capacity.

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.

In just two trading days, US stock market players experienced a rapid rollercoaster ride.

SOLANA, Elon Musk, Changpeng Zhao, Cybertruck to be discontinued; Solana may be investigated by the central bank; Musk uses CZ emoji; Golden Finance: What have KOLs on X been talking about in the past 24 hours?

AI capital expenditures are approaching a historical turning point, and the fate of US economic growth may be deeply intertwined with this.

From smart contract vulnerabilities to AI-assisted penetration, from fake job postings to North Korean hacking groups, the attack surface of the crypto industry is expanding from on-chain to the entire organizational system.

Why is the US stock market, artificial intelligence, and data centers—such lucrative sectors—being resisted? According to Jinse Finance, the IRS views airports as giant ATMs.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 3235, providing you with the latest and fastest news on the digital currency and blockchain industry.

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.