Binance Blog published a new article, reviewing October’s market conditions and OTC desk activity in its tenth edition of the monthly insights. The Federal Reserve held its policy rate at 3.75%–4.00% on October 28, but a 10–2 vote, with two officials favoring a hike, signaled a hawkish tilt. The Bank of Japan also held rates while leaving a December increase possible. U.S. Treasury yields remained elevated, with the 30-year above 5.6% and the 10-year near 5.05%; Brent crude traded above $105. Bitcoin failed to retake September’s $87,500 high, trading mostly between $80,000 and $85,000 during October before falling to about $77,000 on October 30. Bitcoin ETF flows were near zero early in the month and turned slightly negative. Decentralized-exchange volume fell below $10 billion, around half its first-half level, while tokenized real-world assets increased about 10% to $8.2 billion. The desk said it remained cautious ahead of the U.S. midterms, favoring low leverage and Bitcoin over altcoins, while retaining a medium-term bullish view. OTC activity was led by Bitcoin, with notional volume rising sharply versus September and BTC/USDT the desk’s leading crypto/stablecoin pair. The altcoin roster broadened but almost completely rotated from September; only AR, POL, PUMP and STX appeared on both lists. Fiat off-ramp demand remained concentrated in MENA and LATAM: BHD and AED led MENA, while MXN, BRL, ARS and COP led LATAM. Settlements included USD, BHD, AED, MXN, BRL, KZT, ARS, EUR, TRY, COP and ZAR. The month also brought the desk’s first bStocks OTC trades, its first African market trade involving USDT/ZAR, and its first perpetual futures position transfer for a VIP9 client. In a Mexico case study, two USDC/MXN on-ramp trades enabled a client to buy about 10.4 million USDC with MXN; the USDC was settled to the client’s Binance Spot wallet within minutes of execution. The monthly insights also became available in Chinese.

Matt Angle, director of the Lone Star Project, explained why Democrats were finally able to sweep Texas after decades of falling short, according to Bloomberg. He said health care should be among new lawmakers’ top priorities.

Nvidia is facing a leadership shake-up as investors assess what Jensen Huang’s departure could mean for its AI dominance, according to Bloomberg. Antoine Chkaiban, a New Street Technology Infrastructure analyst, said Nvidia’s software ecosystem, engineering talent and supply-chain strength would be difficult to replace. He said the stock sell-off may be a buying opportunity.

According to Jin10, 2027 FOMC voter and Chicago Fed President Austan D. Goolsbee will speak in 10 minutes.

According to Jin10, SpaceX (SPCX.O) said its new project is expected to support more than 500 long-term jobs once operational.

According to Jin10, SpaceX (SPCX.O) plans to build a $50 billion supercomputer campus in Arizona, creating 6,500 jobs.

According to Jin10, Vanda said retail investors net bought $111 million of Nvidia (NVDA.O) shares in the first half-hour after the market opened, the largest recorded retail net purchase of the stock during the opening period.

Jensen Huang faces the risk of being removed from his post by the board due to a governance crisis, Nvidia's market value has evaporated by about $600 billion, and the AI ​​supply chain and on-chain market are under pressure.

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

MSCI removed Strategy and Metaplanet from its index, effective after the market closed on November 30, resulting in passive selling pressure of approximately $1.59 billion. The real impact was felt in the funding flywheel.

The supply of stablecoins shrank by $14.2 billion in 30 days, the fastest contraction since June 2022, and the 200-day moving average of Bitcoin has become the last psychological defense line for the bulls.

A Menlo Ventures report shows that 89% of US corporate spending on open source models goes to Chinese companies, with Kimi accounting for 61% of that, indicating that open source is redefining the forefront.

In his internal speech at Tencent's 28th anniversary Linktime, Ma Huateng bluntly stated that the organization must adapt to the new battlefield of AI: half of the people should guard the core business, and the other half should join the new battle. They can no longer be leisurely and feel safe.

Jensen Huang's extramarital affair with his direct subordinate crossed the compliance red line for multinational corporations, and the precedents of the former CEOs of Intel and McDonald's have already shown the price to pay.

Removing Jensen Huang only requires 6 votes from the board of directors, but there is no successor among Nvidia's 33 direct subordinates. The action is fast but the structure is slow, and the market only prices the action.

Jensen Huang has been exposed for his second extramarital affair, and Nvidia's board of directors is preparing to remove him from his position. Elon Musk, Tim Sweeney, and other big names have publicly called for the shareholders to decide his future after the investigation is completed.

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