Vitalik主张ETH应被视为价值存储，但每年净增发、供应政策仍可修改、网络又必须持续升级，ETH要成为真正的SoV还有三道坎。

Hyperwave, a DeFi project in the Hyperliquid ecosystem, said it will shut down its protocol, citing operating costs and regulatory uncertainty. According to Foresight News, the protocol will cease operations on December 16, and withdrawing before then is the fastest way for users to recover their funds. After the shutdown, the remaining net asset value will be returned to wallets holding vault tokens. All vaults currently support withdrawals only, while GWAVE can be unstaked at any time. Until the shutdown, vaults will continue to generate yield and convert funds into underlying assets to support withdrawals. Before closure, 100% of vault revenue will be used to buy back and burn HWAVE.

A North Carolina furniture plant opened by TOV Furniture co-founder Bruce Klinsky closed after 10 months, eliminating about 45 jobs as production shifted back to Asia. According to Sina Finance, Klinsky brought production to the United States amid changing U.S. trade policies after moving manufacturing from China to Vietnam. The factory, called Revival American Furniture, lost $3 million during its 10 months of operation. Klinsky estimated that each sofa made there lost more than $100, while the company’s Asian suppliers could produce sofas at substantially lower labor and materials costs. TOV had built annual revenue of more than $100 million selling furniture, including a $900 sofa aimed at consumers seeking an upgrade from IKEA. TOV now makes about 70% of its furniture in Vietnam. U.S. Customs and Border Protection detained 17 shipments, totaling about 45 containers, from the Vietnamese factory and assessed $135,000 in duties, saying the goods were effectively made in China. Klinsky disputes the finding and has appealed.

通胀停在3.7%，家庭靠少储蓄维持消费，AI资本开支转向债务与股权融资，市场对这一切的“舒适”还没有被定价。

Barclays strategists said European share-price momentum continues to lag earnings momentum, particularly among cyclical stocks, despite strong overall results in the third-quarter earnings season. According to Sina Finance, strategists including Mangesh Kumar Chandrasekaran said earnings reports show Europe is narrowing the earnings-growth gap with the United States, while corporate margins and performance guidance remain robust. Barclays expects earnings growth to slow in 2027, although the slowdown outside the energy sector is expected to be relatively mild. The divergence between share-price movements and earnings performance was most pronounced in technology and semiconductor stocks. Guidance was generally positive, and more companies cited operational-efficiency gains from artificial intelligence, particularly in the financial sector.

The Abu Dhabi Investment Authority is arranging a $7.5 billion loan to invest in private equity, infrastructure and real estate projects as it seeks to diversify its portfolio. According to Sina Finance, people familiar with the matter said the facility has a one-year term, can be used on a revolving basis and may be extended twice for one year each time. The sovereign wealth fund, which manages more than $1 trillion, has recently continued to increase its private equity holdings. Its 2025 annual report raised the upper limit of its target allocation to the asset class from 17% to 20%. In recent years, the fund has also expanded into private credit, incubated new investment platforms and supported specialist managers. The initial mandated lead arrangers and bookrunners for the loan include First Abu Dhabi Bank, HSBC Middle East, Societe Generale's London branch and Standard Chartered, which is the sole coordinator. The Abu Dhabi Investment Authority, First Abu Dhabi Bank and Standard Chartered declined to comment; HSBC and Societe Generale had not responded. Established in 1976, the Abu Dhabi Investment Authority was Abu Dhabi's first sovereign wealth fund, created to prepare for the post-oil era. A subsidiary recently formed an aircraft-leasing joint venture with Avolon and I Squared Capital. The fund's 2025 annual report also said it was expanding its global footprint, including investments in logistics and digital infrastructure platforms in Greater China. As the United Arab Emirates seeks to deepen trade and economic ties with India, the fund has invested billions of dollars there. Earlier this year, it raised a 3.75 billion Australian dollar loan, equivalent to $2.6 billion, for its Australian infrastructure assets.

Vestas shares were down after the Danish wind turbine maker missed some third-quarter revenue estimates, according to Bloomberg. CEO Henrik Andersen joined Bloomberg's Anna Edwards and Tom Mackenzie on The Opening Trade as Vestas reported third-quarter earnings.

美国10月CPI超预期，12月加息概率升至九成，比特币跌破7.4万美元。利率预期升温是眼下币价最直接的压制。

贝莱德披露巨鲸正通过实物申赎把自托管BTC换成IBIT份额。扳手攻击与硬件钱包供应链风险抬头，自托管的安全叙事正被打破。

新加坡金融管理局（MAS）已为外国中央银行和金融机构启用了一个500吨的黄金金库。此外，随着新加坡黄金交易市场的扩张，该局还将从2027年4月起免除部分黄金批发服务的消费税。

苹果正在开发一款名为 Harbor 的 Mac 应用，它允许用户在本地运行开源 AI 模型，并连接多台配备 Thunderbolt 5 接口的 Mac 电脑，以共享内存来处理更大的工作负载。该应用目前以苹果旗下 Claris 品牌进行内部预览，旨在简化本地 AI 设置，同时避免用户数据存储在云端。

Strategy 若被 MSCI 剔除，被动基金将在 11 月 30 日前抛售 15.7 亿至 28 亿美元 MSTR，真正风险是击穿其靠股价溢价买币的飞轮。

pump.fun 95% 的收入来自还在曲线上或市值不足 25 万美元的币，平台的四重激励把 Meme 变成供给无限、需求消失的市场。

埃隆·马斯克承认，xAI即将推出的Grok 4.8性能不会超越Anthropic的Claude Opus 5.5，他称赞后者是“杰作”。他预计，Grok 5（可能在两三个月后发布）的性能将超越Anthropic的这款产品，而Grok 4.8则准备在本周晚些时候进行小范围推广。

近日，加密市场行情回落，BTC、ETH等主流资产均跌势为主。美国中期选举带来的监管政策不确定、美联储后续政策预期、科技股波动等因素都在影响加密行情。