General-purpose L2 is no longer a good business. Scroll plans to transform its public chain into a private AI network around Compass in about nine months, migrate SCR back to the Ethereum mainnet, and keep the token economics unchanged.

Bitcoin has fallen about 10% from its September high and is now retesting the breakout level from August. The percentage of short-term holders with profits has dropped from 97.5% to 38%, indicating that long leverage has been cleared. The $73,000 to $76,000 range is the next area to watch.

Hackers spent months penetrating Binance to gain internal signing privileges, resulting in the theft of $6.3 billion, making it the largest cryptocurrency theft in history; the private keys were not lost, but the defenses collapsed due to personnel and access issues.

According to Kabutan, The Korea Herald and HKET, Tokyo's Nikkei 225 closed at 61,077.90, down 1,110.73 points, or 1.79%, for a fourth straight decline, while the broader TOPIX rose 1.16% to 3,940.39. AI and chip-related shares were sold, with Advantest down 14.71% and Tokyo Electron down 9.42%; the two stocks together pulled the Nikkei down by about 1,557 points. SoftBank Group fell 6.77%. Toyota Motor closed nearly 17% higher at 3,533 yen after raising its full-year operating profit forecast by 15% to 3.9 trillion yen and expanding its share buyback to up to 1.3 trillion yen. Seoul's KOSPI closed at 5,383.80, down 300 points, or 5.28%. The index opened 1.82% lower and extended losses, prompting the Korea Exchange to activate a sell-side sidecar at 10:16 a.m. Foreigners sold a net 3.39 trillion won, while institutions and individuals bought a net 841.8 billion won and 2.28 trillion won, respectively. Mirae Asset Securities analyst Kim Seok-hwan said Democratic control of both chambers of Congress raised concerns over tighter regulation of AI data centers and slower AI investment, weighing on semiconductor value-chain stocks. Samsung Electronics fell 7.57% to 201,500 won and SK hynix dropped 9.46% to 1.26 million won, while Hyundai Motor rose 3.53%. Hong Kong's Hang Seng Index opened 397 points higher and extended gains to close at 24,796.98, up 877.48 points, or 3.67%, as turnover rose to HK$356.67 billion. The Hang Seng Tech Index gained 5.5% to 4,154. Alibaba rose 8.45% to HK$109.10, Xiaomi gained 8.83%, Tencent added 7.17% and Meituan climbed 6.78%. Lenovo fell 6.86%, and CSOP SK Hynix Daily Max (2x) Leveraged Product (07709) dropped 17%. Taiwan's TAIEX closed at 41,574.72, down 1,374.19 points, or 3.20%, for a sixth consecutive decline and its lowest level in more than three months. Turnover was NT$926 billion, with 56 stocks closing limit-down. TSMC fell 0.88% to NT$2,240, MediaTek declined 6.86%, ASE Technology dropped 8.77% and Hon Hai slipped 2.08%, while financial shares rose 0.4%. In mainland China, the Shanghai Composite Index edged up 0.10% to 3,689.91, the Shenzhen Component Index rose 1.19% to 11,471.09 and the ChiNext Index gained 0.87% to 2,566.80.

European stocks surpassed their previous closing record, extending an outperformance driven by a rotation out of the artificial intelligence trade and a strong earnings season, Bloomberg reported.

A Canadian judge has ordered the return of a laptop containing a Bitcoin wallet to the family of William Sandeson, a convicted murderer serving a life sentence for killing fellow Dalhousie University student Taylor Samson in 2015.

According to ChainCatcher citing The STAR Market Daily and IT Home, Huawei launched its first HarmonyOS desktop computer, the Qinyun HM650 series, at the 2026 HarmonyOS Office Industry Summit in Wuhan. The series received 100% domestic-content certification, uses the Kirin X90 chip and delivers a 15% performance improvement through software-hardware coordination. It is the first to feature HarmonyOS Computer Enterprise Edition, which supports HarmonyOS AI, Xiaoyi Work, Xiaoyi Deep Research and Xiaoyi Notes. Huawei Terminal Tablet and PC Product Line President Zhu Dongdong announced the launch. Huawei Executive Director Richard Yu said cumulative shipments of HarmonyOS computers have exceeded 1 million units. The summit was held on November 5.

According to Jin10, Hon Hai reported October revenue of 1.31 trillion New Taiwan dollars, up 46% year over year, or about $39.7 billion, reflecting continued global AI infrastructure investment and strong demand for Nvidia servers. Analysts Steven Zeng and Rebecca Wang said Hon Hai is expected to sustain strong growth in the fourth quarter. September revenue rose 38% year over year to a record 1.16 trillion New Taiwan dollars, contributing to third-quarter revenue growth of 47% to 3.03 trillion New Taiwan dollars, 7% above market expectations. Cloud computing and networking were again the main growth drivers, supported by strong AI server demand, while computing products and components also posted strong growth. Consumer electronics revenue was flat despite an increase in the average selling price of iPhones, underscoring AI's role as a core growth engine for the company. Growth is expected to continue into the fourth quarter as Vera Rubin shipments ramp up and seasonal factors in the IT industry provide support.

Goldman Sachs reiterated its Buy rating on Uber and maintained its $110 price target after the company reported third-quarter results. According to Sina Finance, Goldman Sachs said Uber’s third-quarter ride revenue fell short of expectations, while delivery continued to grow strongly and autonomous vehicle deployments could expand further. Based on Uber’s latest share price of $69.87, the target implies about 57% potential upside. Uber expects the number of autonomous vehicles on its platform to increase from about 700 at the end of 2026 to 2,000 at the end of 2027. A shortage of drivers in some international markets weighed on third-quarter ride revenue, which came in below Goldman Sachs’ and market expectations, but management said the overall ride-business growth trend improved in October. Uber’s third-quarter delivery gross bookings rose 23% year over year, supported mainly by increased activity among Uber One members and higher merchant investment. Grocery and retail gross bookings rose about 40% year over year, while merchants’ annualized spending on advertising and promotions exceeded $10 billion. Goldman Sachs said a larger user base, higher Uber One membership penetration, and a broader range of platform services would continue to support long-term revenue growth and margin improvement.

According to Jin10, Aker shares fell 7.5% after Microsoft declined to extend the option in its agreement with UK-based emerging cloud services provider Nscale.

AI is driving the cost of software production to zero. Interfaces and code are no longer scarce. What is truly scarce are network states that accumulate over time, such as liquidity, identity, and reputation.

Texas has welcomed its first Democratic governor in over 30 years, and Wolf Research has directly characterized Texas as a "model for the anti-AI construction movement." Goldman Sachs warns that this "blue tsunami" will lead to a halt in approximately 45% of planned data center expansions in the United States.

Kraken has restricted accounts linked to a suspected cryptocurrency theft exceeding $133 million from an unidentified European Union entity, as exchanges and law enforcement attempt to contain the movement of stolen funds.

Under the dual constraints of escalating political maneuvering and pressure on long-term debt supply, there is a lack of logical support for a significant decline in long-term US Treasury yields or for them to enter a downward trend.

US Congress, SEC, CFTC, crypto market, policy regulation, both houses return to blue: Will the crypto market be better off if predictable strictness replaces vague easing? Jinse Finance, sniffing out the trend.

Coinbase says it was not hit by the $6.34 billion Binance hack and that over 99% of customer assets sit in offline cold storage, with split keys, transfer limits and kill switches guarding the rest. Binance's attackers got in by targeting two engineers with a fake job interview and a tampered download, which shows that protecting keys alone does not stop unauthorised transfers.