invest

According to RBC, Russia has established testing standards for cryptocurrency investors, planning to require investors to pass a knowledge test before buying and trading cryptocurrencies on regulated platforms. Ekaterina Andreeva, the First Vice President of the National Association of Securities Market Participants of Russia (NAUFOR), stated that the draft of the relevant standards has been submitted to the Central Bank of Russia's Basic Standards Committee.Brokerages expect to start offering tests to clients as early as the end of November, with scores recognized across different regulated platforms. According to the cryptocurrency regulatory law that Russia began implementing in phases starting this September, non-qualified investors can only trade high liquidity crypto assets on the whitelist after passing the test.

According to a report from the Beijing Daily client, the Market Supervision Administration of Haidian District, Beijing, investigated and handled the city's first illegal case of assisting pyramid schemes using blockchain and virtual currency technology, resulting in a technology company being fined and confiscated a total of over 930,000 yuan.The technology company involved is an outsourcing service provider for a certain public blockchain, offering support such as operations, market services, publicity and promotion, exchange docking, and maintenance. This public blockchain launched the "Atomic Plan" and "Hathaway Plan," which are centered around recruiting people for rebates, using the number of recruited individuals as the basis for rebates, and requiring participants to invest funds to obtain membership qualifications. Despite being aware of the pyramid scheme applications associated with this public blockchain, the involved company continued to provide technical operations, external publicity, and maintenance of virtual currency trading channels, facilitating the flow of funds and the spread of activities related to the pyramid scheme.Ultimately, the pyramid scheme activities of this public blockchain were investigated by public security authorities, the organizers were criminally detained, and the involved technology company was administratively punished with a total fine and confiscation of over 930,000 yuan for providing facilitative conditions.

The BNB Chain execution-oriented Rollup project Matrix announced that it has received additional Series B funding from Shima Capital and Delphi Ventures, bringing the total amount of this round of financing to 8.5 million USD. Previously participating institutions in this round include ParaFi Capital, Tribe Capital, Point72 Ventures, CMT Digital, Lightspeed Faction, BITKRAFT Ventures, and Makers Fund.The funds from this round will continue to be used to advance the mainnet launch, the construction of the ZK validity proof system, and the Stage 2 decentralization process. Matrix is built on the Facet technology stack and is adapted to the BNB Chain PoSA consensus, with no centralized sequencer and no administrative privileges; the transaction order is directly determined by the BNB Chain. The official claim is that it can effectively increase the throughput of the BNB ecosystem by 3 to 5 times. Currently, Matrix testnet Phase 1 has been launched.

According to CNN, a letter shows that the U.S. Department of Defense's oversight agency rejected a bipartisan request to investigate the slowdown of SpaceX's military-grade Starlink system operations in Ukraine.

The non-profit Ethereum development lab Ethlabs announced that Ethereum co-founder Mihai Alisie has joined Ethlabs as an anchor funder, and Payward and Gattaca have joined as contributors.Its initial anchor funders include BitMine, Sharplink, and Ethereum co-founder Joseph Lubin.

Alex Witt, founding partner of the venture capital firm focused on stablecoin infrastructure, Verda Ventures, announced that he and partner Amit will join Tether, the world's largest stablecoin issuer. Tether was previously one of the limited partners of Verda Ventures.With the two joining Tether, Verda Ventures, which has been operating for three years, will enter the investment recovery phase and cease investing in new companies to avoid potential conflicts of interest. The fund will continue to manage and support its existing 28 portfolio companies and selectively participate in follow-on financing.

Yushu Technology disclosed its third-quarter report for 2026. The company's single-quarter revenue was 666 million yuan, a year-on-year increase of 69.93%; the net profit attributable to the parent company was 113 million yuan, a year-on-year decline of 17.37%, with a nearly 50% decrease compared to the previous quarter.Regarding the profit decline, a relevant person from Yushu Technology's Board Secretary Office stated that it was mainly due to increased R&D investment in computing power and large model directions. This person also mentioned that looking at the longer term, the impact is controllable, and the single quarter only shows a phase change; currently, R&D investment relies on fundraising planning and will not be blindly increased.

Samsung Electronics stated that the investment plan for the chip division will be used to build new fabs and other infrastructure to meet strong demand for AI and HPC, while ensuring readiness in the medium to long term.

According to Bitcoin News, the UAE company Standard Asset Company (abbreviated as SAC) has established its headquarters in Abu Dhabi and announced a $1.5 billion investment strategy in Bitcoin and real estate.The company plans to acquire income-generating real estate in the UAE while establishing a Bitcoin reserve exclusively managed by Coinbase Asset Management. This strategy aims to generate income through real estate and obtain additional returns from the managed Bitcoin holdings.

Alphabet's third-quarter earnings report was disappointing, causing its stock price to drop by more than 10% in after-hours trading. Warren Buffett's last major investment during his tenure as chairman of Berkshire Hathaway performed poorly.Berkshire purchased $10 billion worth of Alphabet stock at around $350 per share in early June. As of June 30, Berkshire held 106 million shares, which, based on the after-hours stock price, is valued at approximately $30 billion, down from the peak of $37 billion in June.

Federal Reserve Chairman Waller stated that business investment may grow at a double-digit rate.

According to Bloomberg, after a summer rebound, Bitcoin's upward momentum is gradually fading, currently retreating to around $80,000, with investors facing ongoing selling pressure as they attempt to breach the $100,000 mark. The cost basis for investors who bought Bitcoin in the past two years is concentrated at $87,000 and above, and the selling pressure around this price level has suppressed Bitcoin's rebound twice this year, followed by at least a 25% retracement in price.Additionally, the average cost basis for Bitcoin ETF holders is about $81,500. If the price continues to close below this level, it may indicate that the average ETF holder has turned to a floating loss, weakening recent on-chain support. Furthermore, macroeconomic factors are also putting pressure on Bitcoin. AI concept stocks have performed poorly this month, and analysts believe that Bitcoin remains highly correlated with tech stocks. Concerns over AI valuations and debt risks are weighing on Bitcoin, and the market has yet to confirm the start of a new bull market; future trends will still depend on the macro environment and sustained buying performance.

According to Decrypt, James Comer, the Chairman of the House Oversight Committee (Republican from Kentucky), has launched an investigation into a proposed company entity in Delaware that would be operated daily by AI entities.In a letter to Delaware Governor Matt Meyer, Comer stated that the proposed "Artificial Intelligence Company" (AIC) could exempt AI companies and their investors from liability for damages caused by AI entities, and he requested the governor to submit relevant documents and communications, including "internal AI chat logs," by November 9.The proposal was announced in July in a joint article in Fortune by Delaware Secretary of State Charuni Patibanda-Sanchez and Norm Ai CEO John Nay, positioning it as a public-private partnership led by Norm Ai.By design, the AIC could sue and be sued, hold property, and assume obligations under the direction of AI entities; its sole member must maintain sufficient capital and is not liable for the company's debts except in cases of incomplete capitalization, fraud, or willful misconduct. The AIC can only operate within a regulatory sandbox for 30 months, must disclose its identity to counterparties, and is prohibited from conducting banking activities.Comer also questioned the role of private sector participants in the proposal, stating that the Delaware AI Commission's report due in December 2025 did not mention a security risk assessment or consult independent experts, and the Secretary of State's office refused to clarify its relationship with an AI company involved in the project.He stated that this information could inform federal legislation, including proposals to limit state-level AI regulatory initiatives. The Secretary of State's office denied that the plan is a liability waiver arrangement, and Governor Meyer defended it, with state legislators expected to review the legislative proposal in January.

Robinhood CEO Vlad Tenev stated during the third quarter earnings call held this morning that the future plan is to build Robinhood Chain into the best place to hold and trade all tokenized assets, starting with stock tokens and perpetual contracts, and then expanding significantly.Regarding support for builders, Vlad said, "We are currently putting a lot of effort into researching how to further scale and how to better support community development. Many developers have provided feedback that we can do more in supporting the community. I believe everyone will see us increasing our investment because we want to make it the best developer ecosystem and the best on-chain community in the world. So, you will see us increasing investment because the development of emerging ecosystems like this is rare."He also confirmed, "Robinhood is working hard to do more for the community. We had to form a team, and I think in the near future, you will see us providing more support for developers."

The South Korean police have launched a preliminary investigation into the hacking incidents involving securities companies and cryptocurrency exchanges. Previously, 16 financial institutions, including KB Kookmin Bank, were also attacked by hackers, resulting in the leakage of approximately 100,000 personal information records, including ID numbers, account numbers, and addresses.The police stated that they will compare the methods used in old and new cases to verify their correlation and do not rule out the possibility that they were carried out by the same attacker.

According to BBX data, the global capital markets disclosed the latest developments in digital asset treasury allocations and equity investments in crypto companies yesterday. The core information is as follows:Asset management giant Vanguard's ETF has made its first purchase of Metaplanet stock: The small-cap ETF (VSS) under the global leading asset management company Vanguard has shown in its latest disclosed holdings that it has made its first purchase of a total of 4.5 million shares of the Japanese Bitcoin treasury listed company Metaplanet (TSE: 3350), with a total holding value of approximately 7.5 million USD. This development indicates that traditional broad-based index funds are passively increasing their risk exposure to digital assets by holding stocks of companies with Bitcoin reserve strategies.Ark Invest spent approximately 5.23 million USD to increase its holdings in Circle stock: Led by Cathie Wood, Ark Invest continued to increase its investment in fiat-compliant digital infrastructure in the secondary market yesterday, adding 65,615 shares of the stablecoin USDC issuer Circle. Based on the valuation during the trading period, this increase cost approximately 5.23 million USD.DeFi Development increased its holdings by 5,346 SOL, total holdings approaching 2.6 million: Solana treasury company DeFi Development disclosed its latest balance sheet changes, revealing that the company has recently increased its holdings by 5,346 SOL in the open market. After this increase, its total holdings of SOL have steadily grown to approximately 2.595 million, continuously consolidating its treasury size and node layout within the Solana ecosystem.

According to official news, Sequoia China and the robotics company Yushu Technology announced the establishment of the "ShanYu·Innovation Plan," focusing on discovering and investing in embodied intelligence, robotic applications, and their upstream and downstream key technologies, as well as early-stage entrepreneurial projects in other cutting-edge hard technology fields.It is reported that the core strategy of this plan is "understanding technology and industry, discovering early, making quick decisions, valuing people, and not adding chaos," which will provide industrial and financial resources for promising early-stage entrepreneurs in the fields of embodied intelligence, robotics, and other cutting-edge hard technologies.

Bitcoin supporter and investor Fred Krueger tweeted that he plans to propose a $1 million bet to podcast host Jason Calacanis, stating that Bitcoin will surpass its historical high of $126,210.5 by October 28, 2036.Krueger stated that both parties could each deposit $1 million into an independent escrow account, using an escrow agent and objective price oracle agreed upon by both parties. If Bitcoin reaches a new high before the deadline, Krueger wins, and the bet ends immediately; otherwise, Calacanis wins, and the settlement will occur on October 28, 2036. Jason replied suggesting to change the bet to the next 12 months.

The Hong Kong Investor and Financial Education Committee issued a notice highlighting the risks of trading tokenized funds in the secondary market, including price discrepancies and trading risks, liquidity risks, price fragmentation risks, and reliance on market makers risks. The Committee stated that tokenized funds traded on virtual asset trading platforms may experience significant premiums or discounts compared to their net asset value.The Committee pointed out that investors should understand the investment objectives, strategies, characteristics, operations, and related investment risks of the underlying funds, as well as the tokenization arrangements, including whether transactions are ultimately settled on-chain or off-chain and the associated risks. Investors should also pay attention to trading channel information, market maker arrangements, applicable fees, potential trading suspensions, secondary market trading risks, and the options and related impacts of purchasing or redeeming tokenized fund units at net asset value.

According to Bloomberg, after a summer rebound, Bitcoin's upward momentum is gradually fading, currently falling back to around $80,000, with investors facing ongoing selling pressure in the process of trying to break through the $100,000 mark.Investors who bought Bitcoin in the past two years have an average cost price concentrated at $87,000 and above. The selling pressure near this price level has suppressed Bitcoin's rebound twice this year, after which the price has experienced at least a 25% pullback.