Tether CEO Paolo Ardoino said at the 2026 Lugano Plan ₿ Forum that USDT is essentially a smart contract containing about 300 lines of code. According to Odaily, Tether has more than 730 million users and adds 30 million wallets each quarter, a pace Ardoino said exceeds that of most fintech companies. He added that USDT offers people in economies with annual inflation as high as 100% a way to hold U.S. dollars.

According to Jin10, The Times reported that Meta Platforms (META.O) is preparing to launch its Muse artificial intelligence assistant in the UK.

Asian markets may come under pressure Monday as uncertainty surrounding a probe into Nvidia Corp. adds to technology-sector concerns after a bruising selloff, according to Bloomberg.

According to Jin10, Reserve Bank of Australia Assistant Governor Hunter said supply will catch up with demand over time and AI's long-term impact on inflation is likely to be broadly neutral.

Bitcoin has closed lower for five straight weeks, and last week’s sharp selloff in AI stocks added to the pressure. The price now sits between its 50-day moving average at $81,800 and its 200-day average at $73,200, trading around $75,950 on November 8.AI Stock Selloff Spreads to CryptoThe Nasdaq Composite fell about 5.5% on November 5, its worst day since April 2025, on concerns that Democratic control of Congress could slow the AI data center buildout. Chip stocks had their worst session since the March 2020 Covid selloff.The losses hit AI hardware hardest. For the week:Sandisk fell 27.4%Micron dropped 22%The VanEck Semiconductor ETF (SMH) fell 11.2%The Nasdaq lost 3.4% overallThe selling spread to crypto. More than $1 billion in leveraged positions were liquidated over 24 hours, according to CoinGlass. Bitcoin liquidations reached $1.27 billion, about $1.1 billion of it from long positions. Over the same period, bitcoin fell 5.3% and ether 7.3%.Wall Street Cut Risk Across the BoardMorgan Stanley’s derivatives team said leveraged ETFs sold a record $57 billion of US stocks on November 5, the most since data began in 2007. Hedge fund net leverage fell 5 points in a single day, the fifth-largest drop since 2010, and retail selling in the first 90 minutes was the second-largest since 2016.Morgan Stanley also noted that stocks are moving more closely together, a sign that risk-cutting is spreading. Bitcoin has followed the same pattern: it fell with stocks during the selloff but did not join Friday’s rebound in chip stocks.Bitcoin ETFs See OutflowsBitcoin ETFs saw withdrawals as markets fell. On November 5, Fidelity’s FBTC lost about $200 million and BlackRock’s IBIT lost $105 million, extending IBIT’s outflow streak to five sessions, according to Farside Investors.Rate Hike Bets Add PressureA strong US jobs report added to the strain. The US added 165,000 jobs in October, far above the 65,000 forecast, and unemployment fell to 4.1%. Fed funds futures now price about an 80% chance of a December rate hike, according to LSEG. Higher rates tend to weigh on riskier assets such as tech stocks and crypto.US October CPI data, due Tuesday at 13:30 UTC, is the next test.Funding Rates Turn NeutralDerivatives data shows the selling has calmed. BTC funding rates are in the neutral range at 0.0081% to 0.0087%, according to CoinGlass, and ETH funding has also risen into neutral territory.On-chain data still shows heavy short positioning. Analyst KillaXBT noted that long-to-short ratios are at extremes that have coincided with past market bottoms.Key Levels: $90,000 Upside, $72,000 DownsideLevelWhat it is~$90,000Upside target if support holds, some analysts say~$82,000Trapped long positions that could cap a rebound$81,80050-day moving average$75,000–77,000This week’s key range$73,200200-day moving average$72,000–73,000Downside target if $75,000 breaksA rebound could be helped by oversold signals and buy orders below the price, while a break under $75,000 would open the way to the 200-day average.

New Zealand’s dollar edged higher in early trading after the incumbent National Party emerged from the weekend election with a path back to power, putting it in a leading position to negotiate with minor parties, according to Bloomberg.

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

Predictions, Cryptocurrency, Crypto Market, Undervalued Opportunities in the Crypto Market: Funding Rates Can Be Traded Separately (Golden Finance) - Almost every crypto transaction hides another transaction within it.

Analysts believe that the SpaceX-Anthropic contract contains a "90-day two-way exit clause"—if the supply of computing power tightens, Musk can reprice the computing power to 2-3 times the original contract price, directly determining the fate of Anthropic and the future of the entire AI landscape.

With the release of results from multiple referendums and local elections across the United States in November, public resistance to the expansion of AI data centers has reached unprecedented levels, with 76% of surveyed voters explicitly opposing the construction of data centers in their own communities in exit polls.

For many people working in the crypto industry, the real concern may lie in another direction: since domestic policies have clearly prohibited virtual currency mining activities, would purchasing mining machines in China and exporting them to overseas mining farms also constitute smuggling?

Nomura believes that the "blue wave" will slow down the construction of US data centers through tightened regulations, thereby lowering global AI chip prices and easing the difficulty for Chinese companies to obtain high-end GPUs and HBMs, which is generally beneficial to China's AI economy.

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.