According to Jin10, BMO Capital Markets Chief Economist Douglas Porter said in a report published over the weekend that Canada's fiscal and monetary policies may be working in opposite directions. Porter said the Canadian government's annual budget plan was more substantial than expected and provided significant fiscal stimulus. BMO Capital Markets raised its forecast for Canada's 2027 GDP growth from 1.8% to 2%. Meanwhile, the Bank of Canada raised interest rates in response to higher inflation expectations and could raise them further. Porter said, “If that does not count as policies moving in contradictory directions, it is hard to imagine what would.” He added that weak employment data, falling oil prices and a selloff in technology stocks could prompt Bank of Canada policymakers to reassess whether another rate hike in December is necessary.

According to ChainCatcher citing Goldman Sachs, the bank raised its U.S. data center construction spending forecast to $80 billion in 2026, up from $67 billion, and $100 billion in 2027, up from $87 billion. It also issued a first estimate of $125 billion for 2028. The revisions come amid market concerns over tighter data center regulation following Democrats’ win of control of Congress. Goldman Sachs said about 86 gigawatts of data center projects are under construction in the U.S., with another roughly $900 billion in high-confidence projects awaiting construction. It said the buildout remains resilient, with demand and backlogs at hyperscalers including Microsoft, Amazon and Google showing no clear slowdown. H100 rental prices rose 26% year over year, while GB200 rental prices are up 50% year to date. On Texas governor-elect Gina Hinojosa’s proposed pause on data centers, Goldman Sachs said it could delay project delivery rather than directly cancel plans, while potentially raising financing costs, reducing tax incentives and prompting some customers to cancel contracts. The bank cautioned that industry-wide growth prospects should be distinguished from individual developers’ ability to survive. Highly leveraged developers could face severe financial pressure from delays and higher financing costs, and some may not last until their projects begin operations.

An address identified as 0xBA2…aB9ff accumulated 740,000 LINK and 3,046.68 ETH over the past five days, spending a total of $15.15 million. According to Odaily, blockchain analyst Ai Yi tracked the address, which now holds 787,000 LINK. After adding to its position, the address’s cost basis fell to about $11.24 per LINK, leaving it with an unrealized loss of $366,000.

A smart-money wallet beginning with 0x32c spent $19.62 million on-chain to buy 8,773.52 ETH three hours ago, at an average cost of $2,236.75 per ETH. According to Foresight News, citing monitoring by @ai_9684xtpa, the wallet previously bought 7,543 ETH at the March low of $2,048.69.

According to ChainCatcher citing SoSoValue, U.S. spot ZEC ETFs recorded total net inflows of $1.77 million on Nov. 6 (U.S. Eastern Time). Zcash ETF (ZCSH) was the only fund to post inflows that day, bringing its cumulative net inflows to $209 million. As of publication, the ETFs had $772 million in total net assets, with a ZEC net asset ratio of 3.40% and cumulative historical net inflows of $209 million.

Jinse Finance launches its daily cryptocurrency and blockchain news bulletin, "Jinse at 8 AM," issue 3235, providing you with the latest and fastest news on the digital currency and blockchain industry.

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.