A blowout US jobs report fueled expectations for another Fed rate hike as Wall Street reeled from a nearly $4 trillion technology selloff and questions mounted about the AI trade, according to Bloomberg.

Walleye Capital plans to return about $2 billion to clients after deciding to scale back equities trading, Bloomberg reported.

According to Jin10, White House Council of Economic Advisers Chair Phelan said a strong nonfarm payrolls report should not be expected to prompt the Federal Reserve to raise interest rates.

According to Jin10, White House Council of Economic Advisers Chair Feilan said the next Consumer Price Index (CPI) data is needed to determine what action the Federal Reserve will take.

Bitcoin treasury company Strive bought 15,124 Bitcoin (BTC) in October, bringing its purchases for the first 10 months of 2026 to 35,497 BTC, according to its third-quarter earnings report released Friday. According to Cointelegraph, the purchases moved Strive closer to the top of the corporate Bitcoin treasury rankings. The company reported holding 43,124 BTC as of Oct. 30, making it the fourth-largest publicly traded corporate Bitcoin holder, based on BitcoinTreasuries.NET data. Strive was 390 BTC behind third-place Twenty One Capital and 877 BTC short of overtaking second-place Metaplanet, which holds 44,000 BTC, assuming neither company increases its holdings. In a September interview, CEO Matt Cole said Strive could become the world’s second-largest publicly traded corporate Bitcoin holder by year-end, while acknowledging that this was not his base-case scenario. Strive also raised approximately $609 million in net proceeds through an October offering of its SATS perpetual preferred stock, which carries a 15% annual dividend rate. The company has not specified how much of the proceeds it will allocate to Bitcoin purchases. Strive’s earnings report also showed $509 million in third-quarter net income, driven largely by $533.7 million in unrealized Bitcoin gains. The company said it is evaluating opportunities in banking, brokerage, decentralized finance, reinsurance and tokenization as part of a broader strategy to leverage its balance sheet. However, it did not disclose specific plans or timelines for those areas and did not respond to Cointelegraph’s request for further details before publication. Shares of Strive, which trades under the ticker ASST, fell 1.97% to $20.19 in early trading Friday, according to Yahoo Finance data at the time of writing. The decline extended the shares’ losses over the past month to 32.15%. Strive’s reported 43,124 BTC holding placed it fourth among publicly traded corporate Bitcoin holders as of Oct. 30. The company would need 390 BTC to move ahead of Twenty One Capital and another 877 BTC to surpass Metaplanet, based on the reported holdings and assuming both competitors keep their balances unchanged.

U.S. options markets had their busiest day on record Thursday as stocks slumped, with average daily volume 53% above October’s average, Bloomberg reported, citing clearing data.

According to Jin10, Citi lowered its copper price forecast for the next three months to $13,300 per tonne from $14,500 and expects copper market surpluses in 2027 and 2028. Citi had previously held a neutral view on copper, forecast a short-term price of $14,000-$15,000 per tonne, and expected stronger copper supply growth in 2027.

BNB Chain announced on X that BNB Bangkok will host an upcoming hackathon from 25 to 27 November. The post invited builders to register.

According to ChainCatcher citing The Defiant, the Algorand Foundation announced it will close its community forum and advisory council. It will pause XGov grants on December 6, shelve Project King Safety, and maintain staking reward support through January 2028.

Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer spoke with China’s Vice Premier He Lifeng, raising concerns about Beijing’s recent actions and the importance of implementing commitments under a deal reached a year ago in Busan, South Korea, according to Bloomberg.

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.