Bitcoin held in a tight range near $76,000 on Friday, November 6, as US stocks rebounded from Thursday’s rout. Chip stocks led the bounce after an October jobs report that beat every Wall Street forecast.The Nasdaq rose about 2% minutes into the session, and the iShares Semiconductor ETF jumped 6.5% after a double-digit drop the day before. The S&P 500 gained about 1%, held back by declines in defensive names such as Walmart, Johnson & Johnson and Procter & Gamble.Jobs Report Tops the Highest ForecastThe US added 165,000 jobs in October, far above the 65,000 average forecast. Estimates ranged from about 35,000–50,000 at the low end to 100,000–130,000 at the top, according to Zerohedge. The highest single forecast was 131,000, so the actual figure beat it by 34,000.September’s gain was revised up to 60,000 from 29,000. The unemployment rate fell to 4.1%, against forecasts of 4.2%. Average hourly earnings rose 0.4% month over month, above the 0.3% expected. Year over year, earnings rose 3.1%, above the 2.9% forecast but slower than September’s 3.2%.December Hike Odds Rise to 77%Odds of a Federal Reserve rate hike in December rose to 77% on Friday morning. They had fallen below 70% during Thursday’s selloff, from about 95% a few weeks ago.The 10-year Treasury yield rose 4.7 basis points to 4.877%.The WSJ’s Nick Timiraos said the jobs data gives the Fed no reason to change its read that growth and inflation are strong. But Fed Chair Kevin Warsh has said he pays more attention to forward-looking markets than to lagging data. “Will the AI selloff give a reason to rethink what Fed policy—the ‘new monetary medicine’—is doing to financial conditions?” Timiraos wrote. “That’s the tension heading into December … Which wins?”Next week’s CPI and PPI inflation reports are likely to weigh more heavily on the Fed’s decision, as will whether stocks stabilize.Bitcoin Holds Its RangeBitcoin traded at $75,800 just after the jobs data and has stayed close to the $76,000 level where it stood when US markets closed on Thursday. It fell along with stocks during the selloff but has not joined their rebound.Data Center Stocks: IREN Jumps 20%IREN surged 20% after reporting quarterly results. The company said it expanded an agreement with a top frontier AI company and signed a new deal in which the client prepaid a large share of GPU costs, which reduces its need to raise more capital. IREN now expects to reach its $4 billion annualized revenue target early next year, later than its previous guidance of December.The rest of the sector bounced less. Keel Infrastructure, Bitdeer, Riot Platforms and Hut 8 rose 5% to 8%, and the group is still down 50% or more in recent weeks.Chanos: Selling Tech May Not Be So SmartShort-seller Jim Chanos cautioned against rotating out of beaten-down tech late on Thursday, as the Nasdaq posted its worst day since April 2025 and chip stocks had their worst session since the March 2020 Covid selloff.“I can’t shake the feeling that selling your high-beta tech stocks already down 40-70% to buy low/no growth consumer names at 30-100x earnings … might not be so smart, either,” he said.Overseas, Japan’s Nikkei and South Korea’s Kospi each fell about 6% overnight. 

According to Jin10, Bank of Japan Governor Kazuo Ueda said Japan's population decline in the 1990s lowered domestic market expectations for returns on domestic capital.

According to ChainCatcher citing Stand With Crypto and Molly White, Galaxy Research head Alex Thorn said major digital-asset legislation is unlikely to make substantial progress after Democrats won both chambers of the U.S. Congress, as committee leadership changes. Warren may chair the Senate Banking Committee, while Maxine Waters could retake leadership of the House Financial Services Committee. Stand With Crypto counted 19 pro-crypto senators and 226 pro-crypto House members elected. Molly White’s tracking showed that crypto- and AI-backed political action committees lost 9 of 12 closely contested races but won all 40 safer races. Reports say House Democrats are discussing expanding Waters’ previously proposed Crypto Investor Consumer Protection Act into a broader crypto market structure bill. Thorn said he does not expect substantial progress on key digital-asset legislation. He added that the SEC, CFTC, and banking regulators have clarified crypto rules under existing statutory authority, and that the Trump administration has two years to continue its work.

Rick Rieder, BlackRock's global fixed income CIO, said a balanced and diversified portfolio is the best hedge in the current market environment, according to Bloomberg. He discussed the strategy on “Bloomberg Open Interest.”

Traditional automakers face a tougher 2027 as rising commodity, logistics and memory-chip costs meet limited room to raise prices and tightening markets. According to Sina Finance, GlobalData forecasts global light-vehicle production will grow by less than 1% in 2027, to about 91.65 million vehicles, after an estimated 2.1% decline to 90.96 million in 2026. Barclays analyst Dan Levy wrote last month that the industry faces a difficult start to 2027, citing inflation, pressure from Chinese automakers, affordability concerns in the United States and flat global production expectations. RBC Capital Markets analyst Tom Narayan described the U.S. outlook as relatively optimistic and Europe’s as very pessimistic, adding that overall market expectations for 2027 were bearish. Ford expects its 2027 results to be in line with 2026, while General Motors is more cautious about sustaining its previously anticipated profit growth. GM CEO Mary Barra said on October 20 that the company could remain strong in 2027 if customer demand holds and commodity and logistics cost pressures ease. CFO Paul Jacobson said inflation could add about $2 billion in profit pressure in 2027, similar to the expected impact this year. Volkswagen, Mercedes-Benz and BMW have lowered their 2026 profit outlooks, citing factors including U.S. tariffs, Chinese automakers’ expansion and rising costs. BMW said restructuring would reduce this year’s automotive pretax margin by 2.5 percentage points, with benefits expected to emerge gradually in 2027; it targets a 3%–5% margin in 2028. Hyundai lowered its 2026 wholesale sales target to 4 million vehicles and its operating margin target to 5.5%–6.5%. Toyota, by contrast, raised its annual operating profit outlook by ¥500 billion, citing the weaker yen and strong U.S. demand for hybrid vehicles. Cox Automotive data put the median U.S. monthly payment for a new vehicle at $776 in September, the highest since December 2023. The company’s chief economist, Jeremy Robb, described macroeconomic conditions, affordability and borrowing costs as yellow warning signals, while noting that available credit and stable employment offered some support.

At least two additional credit trading pods that manage money for Millennium Management are departing, according to Bloomberg.

According to CNBC, National Economic Council Director Kevin Hassett said Friday he expects data center growth to continue at the pace projected before the blue-wave election. At least 46 of at least 50 data center measures on 2026 ballots received majority support for restricting development, according to Ballotpedia’s tally. Hassett said projects scheduled over the next couple of years would not be affected by the initiatives and that growth could continue in states open to development.

Hassett, US President Donald Trump’s chief economic adviser, said the administration would not revamp its economic policies after Republicans’ sweeping defeat in the midterm congressional elections, according to Bloomberg.

According to Jin10, IMF Managing Director Georgieva said central banks should factor in a slowdown in AI-driven growth momentum when assessing measures to combat inflation.

メンロ・ベンチャーズの最近のレポートによると、米国企業によるオープンソースモデルへの支出のうち、中国製モデルが89％を占めており、中でもKimiが61％でトップとなっている。

Jinse Financeは、AI、DeFi、DAO、NFT、メタバース業界に関する最新かつ最速のニュースを提供する「Jinse Web3.0 Daily」を創刊しました。

ウォール街が和解の手を差し伸べた後、ハイパーリキッドはなぜ急騰し、その後下落したのか？この記事では、HYPEの株価が97.9ドルの史上最高値から19%以上下落した背景にある4つの要因を分析する。

段永平氏は、一般市民の85％は投資に向いていないと述べたが、私は少なくともその半数は投資ではなくギャンブルをしていると思う。

中国人民銀行は、プロモーション活動における違反行為を理由に、複数のブロックチェーン関連企業を名指しで非難した。弁護士のマンキュー氏が、国内企業の活動とコンプライアンスリスクについて解説する。

ノーベル賞受賞者のアルジョンは、シュンペーターの成長パラダイムを用いてAIの成長効果を分析し、産業政策、教育、課税、国際協力の分野における政府の4つの新たな役割を提案している。

米国株式市場は一夜にして3兆ドルを失い、AI産業チェーンは激しいデレバレッジに見舞われた。このパニックの背景には、データセンターの認可と政策リスクへの反響があった。

韓国の取引所に上場されているコインのうち、「韓国国内でのみローンチされた」コインの割合は、2019年の85%から2024年には9%に減少する見込みだが、初日の取引量の少なさが取引所にとって新たな問題になりつつある。

Nvidiaは、AI工場建設資金を調達するために、残存価値保証、設備買収、株式投資などを活用しているが、3000億ドルに上るオフバランスシートの債務は、テールリスクを上流工程に集中させている。

Alphabetの時価総額は1日で5000億ドル近くも減少した。広告収入の伸びが検索ボリュームの伸びから初めて乖離し、AIエージェントが価格を比較して他者に代わって注文を行うようになるにつれ、広告モデルの基盤が崩れつつある。