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U.S. stocks closed higher on Wednesday, with technology shares strengthening, Dell surging, and oil prices stabilizing. U.S. Treasury yields approached 5%, and global stock markets may face a 5%-8% correction. Trump said the strikes on Iran would end soon and that the Strait of Hormuz would be renamed the Trump Strait. The former British prime minister warned that failure to control debt would force emergency spending cuts. The Beige Book said the U.S. economy grew moderately, with AI and data centers serving as key supports. Tron’s USDT supply surpassed Ethereum’s for the first time. Broadcom’s Q3 results exceeded expectations, and its AI revenue guidance was raised. Robinhood Chain generated $3.75 million in daily fees, exceeding the combined total of Solana, ETH, and Base.

ME News, November 6 (UTC+8) — Institutional forecasts for U.S. October seasonally adjusted nonfarm payrolls:

1. ABN AMRO: +35,000; Jefferies: +40,000; Mizuho Securities: +40,000; TD Securities: +40,000; Sparta Securities: +48,000;
2. High Frequency Economics: +49,000; Barclays: +50,000; Julius Baer: +50,000; Moody’s: +50,000; U.S. Bancorp: +50,000;
3. Deutsche Bank: +55,000; Monex: +55,000; Bank of Montreal: +60,000; Commerzbank: +60,000; HSBC Holdings: +60,000;
4. Morgan Stanley: +60,000; Stifel: +60,000; Sumitomo Mitsui: +63,000; Citigroup: +65,000.

ME News reported on November 6 (UTC+8) that the Federal Reserve kept its federal funds rate target range unchanged at 3.75%-4.00% last week, while acknowledging that inflation remains elevated. The market generally expects the Fed may raise rates further in December.

Investment analyst Michael Kramer believes that if the October jobs report is broadly in line with expectations and the unemployment rate does not rise significantly, the market’s view of the Fed’s policy path may not change substantially. However, if job growth significantly exceeds forecasts, the unemployment rate falls, and wage growth remains strong, investors may begin to reassess how many more times the Fed needs to raise rates and whether the market’s current view of where the rate-hiking cycle will end is sound.

MarketWatch statistics show that since January 2025, nonfarm payrolls data have already…

ME News reports that on November 6 (UTC+8), as the sell-off in AI stocks intensified and spread to credit markets, SoftBank Group led declines in Asian dollar bonds on Friday. Data showed that SoftBank’s dollar bonds maturing in 2032 fell 0.9 cents on Friday, their biggest one-day drop in 10 weeks. SoftBank bonds were among the worst performers in Asia, while its shares fell as much as 16%. Earlier, the cost of credit default swaps tied to some U.S. companies hit by the AI sell-off surged, and traders said yield premiums on Asian dollar bonds widened by at least 3 basis points. Friday’s decline extended the repricing already underway in global credit markets. The AI boom has driven companies to borrow heavily, pushing up financing yields, and the sell-off has added new pressure to the global economy. On Thursday, the average spread on Asian investment-grade dollar bonds rose to 73 basis points, the highest since 2025

ME News reported on November 6 (UTC+8) that a Tsinghua University graduate surnamed Shi was targeted by a telecom scam while studying abroad. The scammers impersonated cyber police officers and Interpol, persuading Shi to cooperate with a so-called investigation. The scam lasted nearly 45 days, during which Shi was monitored 24 hours a day. The scammers also induced Shi to purchase cryptocurrency and transfer it to a designated account, and demanded that Shi deceive family members into providing funds for the supposed investigation. Shi urged people to learn more about anti-fraud campaigns and take them seriously, noting that those involved can be blinded to the truth and that scammers exploit gaps in time and information to set precise traps. (Source: ODAILY)

ME News reported that on November 6 (UTC+8), the Korea Composite Stock Price Index (KOSPI) retreated from its record closing high of 9114.55 points set on June 22 and briefly fell below 5000. The market capitalizations of South Korea’s two semiconductor giants, Samsung Electronics and SK Hynix, plunged, shedding a combined approximately 2,261 trillion won. Data from the Korea Exchange showed that as of 10:04 a.m. on November 6, Samsung Electronics’ common shares had a market capitalization of approximately 1,071 trillion won, while SK Hynix’s stood at approximately 815 trillion won. Compared with June 22, the companies’ market capitalizations fell by 996 trillion won and 1,265 trillion won, respectively, declines of 48.18% and 60.81%. Their combined market capitalization fell from 4,147 trillion won to 1,886 trillion won,

ME News reported on November 6 (UTC+8) that, according to Loopscale, the platform has restored its priority lending feature, and collateral can now be added to all loans. All loans except those funded by the USDC Genesis Vault can be repaid, and borrowers can withdraw their collateral once they have repaid in full. Collateral withdrawals for loans related to the USDC Genesis Vault remain temporarily disabled, while vault withdrawals and other protocol functions continue to be restricted. The team is working with partners to safely restore operations. Loopscale said it had identified and contained the two attack vectors used in the incident. The attacker first exploited a misconfiguration in asset pricing parameters, causing collateral deposited in the SOL Genesis Vault to be incorrectly valued as another asset, thereby obtaining approximately $412,000.

Goldman Sachs Cuts 2026/2027 Gold Price Targets; Central Banks Keep Buying, but Fed Tightening Weighs on Private and Leveraged Speculative Demand, Shifting Gold’s Upside Momentum from Central-Bank Purchases to Leveraged Investors’ Reluctance to Chase Gains at Any Cost

Goldman Sachs trimmed its year-end gold targets, lowering 2026 to $4,150/oz from $4,650 and 2027 to $4,800 from $5,400. The shift reflects a change in the market's upside drivers: central banks continue to accumulate gold, but restrictive Fed policy dampens private, leveraged, and option-driven demand. While central-bank buying remains supportive, the momentum relies less on speculative money willing to chase leverage at any cost.

ME News, Nov. 6 (UTC+8) — Immutable said in a post on X that Immutable Chain will upgrade from its custom geth fork to an OP Stack-based chain in 2027. This means transactions on Immutable Chain will be faster, and the chain will be more closely linked to Ethereum’s security. All accounts, balances, and contracts will be migrated automatically, and almost all users will not need to take any action. (Source: PANews)

ME News reports that on November 6 (UTC+8), Bank of America Securities said that further increases in crude oil and refined product prices over the next three to six months could lead to a significant rise in interest rates. U.S. two-year nominal interest rate swaps have risen 113 basis points year to date, with a cumulative increase of 196 basis points on days when oil prices rose. BofA believes that rising energy inflation could ease constraints on the Federal Reserve’s ability to raise rates. (Source: ChainCatcher)

ME News, Nov. 6 (UTC+8) — According to Arkham monitoring, trader James Wynn opened a short position during BTC’s decline, and his account funds grew to 5 times their original amount at one point. BTC later rebounded, and some of his positions were liquidated. Arkham said Wynn’s account currently holds about $2,400 and he still has a BTC short position worth about $100,000. The image shows that the short position is about 1.4 BTC, with 40x leverage.

ME News reported on November 6 (UTC+8) that the Stargate cross-chain bridge has officially integrated with AnubisChain, with cross-chain routing and liquidity pools for major assets such as USDC, USDT, DAI, and ETH now open. Cross-chain transfers are completed in a single transaction, and native assets are ready to use upon arrival, with no wrapping or secondary swaps involved. The channel is built on AnubisChain’s existing LayerZero endpoint. Stargate’s cumulative cross-chain transaction volume exceeds $70 billion, for LayerZero

ME News reported on November 6 (UTC+8) that U.S. President Trump said Thursday, after meeting with senior national security advisers, that he would soon decide whether to launch another large-scale military operation against Iran. Two U.S. officials said this was Trump’s first dedicated discussion of Iran with senior national security advisers since the midterm elections ended. The meeting took place during his weekly intelligence briefing. Trump also confirmed that he held a private meeting Thursday with Russian President Vladimir Putin’s envoy, Kirill Dmitriev. Trump did not disclose what they discussed, but said an agreement to resolve the Russia-Ukraine conflict could be reached soon. (Source: ODAILY)

ME News reports that on November 6 (UTC+8), David Allen, head of long/short strategies at Plato Investment Management, said Thursday’s market sell-off was rooted in investors conflating AI’s transformative potential with whether related investments could generate returns. The Nasdaq 100 plunged as investors dumped U.S. tech stocks amid speculation that congressional Democrats would step up regulation of the AI industry. Allen said, “There has been a battle for survival among the large hyperscalers. The midterm election results effectively provided a trigger for a sharp market decline.” Vihari Ross, a portfolio manager at Antipodes Partners, said the sell-off reflected less a structural problem with AI companies than the market beginning to reassess the practical realities of the next phase of related investment. “Achieving that goal will require a massive…

ING plans a one-off sale of a data center loan portfolio worth about $500 million, including a $25 million loan tied to a major data center in New Mexico that is part of Stargate, which is backed by OpenAI, SoftBank, and Oracle. The package also includes debt related to Vantage Data Centers and CyrusOne, with 12 loans being offered to buyers. The sale comes as chipmakers and neocloud companies face broader selloffs.

Abstract: ING is planning a one-off sale of about $500 million in a portfolio of data-centre loans, including a $25 million loan tied to a major data center in New Mexico linked to the Stargate project backed by OpenAI, SoftBank, and Oracle. The package also covers debt related to Vantage Data Centers and CyrusOne, with 12 loans seeking buyers. The sale comes as chipmakers and cloud players face broader selloffs.

ME News reports that on November 6 (UTC+8), Senator Elizabeth Warren, a longtime critic of the crypto industry, is expected to lead the influential Senate Banking Committee, a move that could spell trouble for Wall Street and the crypto industry. (Source: PANews)

ME News, Nov. 6 (UTC+8) — Sources said that Aspex Management, one of Asia’s largest hedge funds, posted a loss of about 16% in October as a sell-off in AI-related stocks rattled global markets. This was one of the largest single-month declines ever for the $14 billion asset manager. However, the fund, which focuses on pan-Asian equities, was still up 9% year to date as of the end of October. (Jinshi) (Source: ODAILY)