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The article discusses the uncertainty in the global economy under the Federal Reserve's policies, particularly Powell's "hawkish rate cuts" and their impact on the market. It analyzes market distortions driven by liquidity, the capital expenditure risks of the AI investment boom, and the loss of trust caused by policy centralization. Finally, the article provides updates on macroeconomic indicators and market trends. Summary generated by Mars AI. This summary is generated by the Mars AI model, and the accuracy and completeness of its content are still in the process of iterative improvement.
Trump's victory led BTC to reach new highs for two consecutive days, with a peak at $76,243.
If the emergence of x402 has demonstrated the substantial demand for AI agent payments, then ERC-8004 represents another fundamental and underlying core element necessary for building this vast machine economy.
In Brief Cathie Wood revises Bitcoin's 2030 target due to rapid stablecoin adoption. Stablecoins serve as digital dollars, impacting Bitcoin's expected role. Trump's crypto-friendly policies encourage Bitcoin's market prominence.
In Brief ASI faces internal conflict amid legal battles impacting future prospects. Surprisingly, lawsuit news boosted FET buying interest and trading volume increased. Potential for renewed interest in AI-themed tokens as investors watch developments.
- 08:41Korean Exchange: Foreign investors sold 7.26 trillion won worth of stocks in the first week of November, setting a new weekly recordJinse Finance reported that on Sunday, the Korean Exchange stated that in the first week of November, Korea's major stock index experienced the largest single-week sell-off by foreign investors in history. This was due to profit-taking and concerns over an artificial intelligence (AI) stock bubble, which led to a market decline. According to the exchange, from Monday to Friday, foreign investors sold a total of 7.26 trillion won (approximately $4.98 billion) worth of stocks. This amount set a new record for the largest single-week sell-off by foreign investors in the history of the Korea Composite Stock Price Index (KOSPI), surpassing the previous record of 7.05 trillion won in the second week of August 2021.
- 08:33NEAR Intents daily trading volume surged to over 200 millions USD this weekForesight News reported that, according to Token Terminal data, NEAR Intents' single-day trading volume soared to over $200 million this week, with daily transaction fees reaching nearly $400,000. This may be due to its support for Zcash wallet Zashi and Zcash cross-chain transactions.
- 08:33MIT brothers' $25 million Ethereum fraud trial declared a mistrialForesight News: According to Reuters, a U.S. federal judge has declared a mistrial in the $25 million Ethereum fraud case involving two MIT graduate brothers, as the jury failed to reach a unanimous verdict. Anton Peraire-Bueno and James Peraire-Bueno, both graduates of MIT, exploited a vulnerability in the MEV-Boost relay in 2023 to steal over $20 million worth of Ethereum from an MEV Searcher. The two brothers were indicted in May 2024. During the trial on the 15th of last month, Assistant Prosecutor Ryan Nees argued that the brothers lured trading bots into a carefully designed trap and drained the accounts of other cryptocurrency traders. However, the defense attorneys countered that the brothers' trading strategy was legal and "in line with the principles of the current highly competitive trading environment."