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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 11 (UTC+8) — Goldman Sachs said Tuesday that, following October’s higher-than-expected inflation data and a third consecutive month of inflation coming in above expectations, it expects the Federal Reserve to raise rates by another 25 basis points in March 2027. Goldman Sachs said: “The October CPI report came in significantly higher than expected across multiple categories, marking a third consecutive month in which inflation data proved more severe than expected. We continue to expect the Fed to raise rates by 25 basis points for the second time in December, and have added a third 25-basis-point hike to our forecast for March 2027. The third hike could also come earlier, in January 2027, but we believe a March hike is slightly more likely. This is because we expect inflation data for November and December to ease, but given that cost pressures remain persistent”

ME News, November 11 (UTC+8) — According to MyToken data, liquidations across the crypto market’s futures contracts totaled $917 million over the past 24 hours. BTC liquidations totaled $263 million, ETH liquidations totaled $350 million, SOL liquidations totaled $50.0226 million, and XRP liquidations totaled $29.0671 million. (Source: MyToken)

ME News reported on November 11 (UTC+8) that financial infrastructure provider OpenPayd announced unaudited revenue of $47.5 million for the first half of fiscal year 2027 (May to October 2026), with second-quarter revenue up 44% year over year to $25.4 million. In the first half of the fiscal year, its fiat infrastructure business accounted for 70% of the year-over-year increase in revenue from its banking and payments business, while the remaining 30% came from its stablecoin business (excluding interest income). OpenPayd also disclosed that its annualized revenue, calculated by multiplying October revenue by 12, reached $107 million. Foresight News previously reported that OpenPayd plans to list on Nasdaq by year-end at a valuation of up to $1.1 billion. (Source: Foresight Ne

ME News reported that on November 11 (UTC+8), technology consultant Nima Momeni, who was convicted of killing Cash App founder Bob Lee, was sentenced to 16 years to life in prison in San Francisco, United States, on Tuesday. A San Francisco Superior Court judge also denied his motion for a new trial, and his defense attorney said they plan to appeal. On April 4, 2023, 43-year-old Bob Lee was stabbed in San Francisco and later died from his injuries. In December 2024, a jury found Momeni guilty of second-degree murder, rejecting his self-defense argument. Bob Lee founded the mobile payment app Cash App and served as chief technology officer at Square. At the time of his death, he was working on a cryptocurrency project.

ME News reported on November 11 (UTC+8) that Dutch prosecutors recently announced that the East Netherlands Public Prosecution Service has asked the military chamber of the court in Arnhem to sentence a former law enforcement officer with the Royal Netherlands Marechaussee to six months in prison and order him to repay the victim for the funds involved. The officer is suspected of abusing his official authority to improperly access police systems and steal cryptocurrency worth more than €6,000 (approximately $6,716).

Prosecutors said that in October 2025, after a traveler was screened at Schiphol Airport, the defendant looked up the traveler’s history in police systems and obtained the mnemonic phrase for the traveler’s crypto wallet. He then transferred the cryptocurrency in the wallet to his own account. The officer has been dismissed from the Royal Netherlands Marechaussee over the case. (Source: Foresight News)

ME News reports that on November 11 (UTC+8), the Nikkei 225 rose for a third consecutive trading day as economic data and corporate earnings reignited optimism in the artificial intelligence sector. A Reuters poll showed that Japan’s manufacturing confidence index rose in November to its highest level in more than five years. Despite U.S. stocks closing lower, AI cloud computing company CoreWeave expects to become profitable in the first half of 2028. Nomura Securities strategist Wataru Akiyama said investors are focused on Nvidia’s earnings next week, and a strong performance could lift Japanese AI-related stocks. (Source: ChainCatcher)

ME News, November 11 (UTC+8) — Goldman Sachs said that U.S. CPI for October came in unexpectedly and significantly above expectations. In a report, the company’s chief U.S. economist, David Mericle, wrote that it still expects the Federal Reserve to raise rates by 25 basis points for a second time in December, and has added a third 25-basis-point hike in March 2027 to its forecast. The third hike could also come as early as January, but March is slightly more likely because inflation data for November and December are expected to be relatively subdued, while larger price increases early in the year are expected to push up January inflation amid persistent cost pressures. Goldman Sachs maintained its forecast for a peak federal funds rate of 3.25% to 3.5%, but now expects the Fed to begin cutting rates only in December 2027, one quarter later than previously forecast. (Source: PANews)

ME News reports that on November 11 (UTC+8), blockchain security organization Security Alliance (SEAL) said in its weekly report that it recorded 60 security incident reports from November 4 to 11. Of these, 4 reports involved attacks on protocols, resulting in losses of $3.87 million. Social engineering attacks caused losses of €3 million, while infrastructure exploits and phishing caused losses of $914,000 and $623,000, respectively.

During the same period, SEAL collected 5,640 phishing domains and 105 wallet addresses, and published 5,652 indicators of compromise. SEAL said DNS hijacking incidents involving domain registrars are still occurring and are suspected to be linked to social engineering attacks targeting registrar customer support staff. (Source: Foresi)

ME News reports that on November 11 (UTC+8), stablecoin infrastructure platform Wirex integrated Aurora Intents, a cross-chain execution solution developed by Aurora Labs, to offer partners optional cross-chain deposit functionality. Following the integration, users can transfer assets from more than 30 supported blockchains, including Bitcoin, Ethereum, Solana, and Tron. The system automatically converts the assets into the currency specified by the partner and credits them to the user’s balance. Supported EVM networks can share a single long-term deposit address, while non-EVM networks such as Solana and Tron each use a separate address. (Source: Foresight News)

ME News reports that on November 11 (UTC+8), Brian Hong announced that he had joined the social trading app fomo to lead its Asia-Pacific region. Brian Hong was previously publicly identified as the Asia-Pacific growth lead for Abstract, a consumer blockchain. He said that many high-quality trading ideas around the world never leave the language in which they were first written. Traders in Seoul and New York can follow the same asset for months without ever encountering each other’s work. Both sides see the same prices, but the ideas behind their trades remain in separate circles divided by language, local communities, and established information feeds. He wrote that for nearly a decade, he had been connecting products, services, and information between East and West. Products can now cross borders more easily, but ideas cannot. He feels this most strongly in the markets, where some ideas with significant upside potential remain confined to a single language and community. He said fomo is the first…

ME News, Nov. 11 (UTC+8) — According to on-chain data, after CoreWeave released its earnings report, the price of CRWV contracts on Hyperliquid rose from $49.23 before the announcement to $54, then fell to $46.60 at 06:22, a maximum drawdown of about 13.7%, before rebounding to a high of $55.61. At the time of writing, the mark price was $55.07, up about 18.2% from the low.

From the 06:22 low until the time of writing, 477 addresses traded CRWV. At least 122 addresses recorded losses and closed all their CRWV positions. The address with the largest loss sold about $352,000 worth of CRWV long positions at an average price of $50.22, for a net loss of about $8,083.

ME News, November 11 (UTC+8) — Across said that some wallets or browsers may still display phishing warnings, which are expected to be cleared soon. Across has regained control of its official website domain, all systems have returned to normal operation, and affected users will be fully compensated. It plans to publish a comprehensive postmortem report in the coming days. Previously, attackers gained control of the domain through a social engineering attack targeting domain registrar Namecheap. The security response team SEAL 911 had helped flag the domain as a phishing site. (Source: ODAILY)

ME News reported that on November 11 (UTC+8), South Korean opposition lawmaker Song Eon-seok called for scrapping the crypto asset income tax plan rather than delaying it for another two years. He said taxing gains from crypto assets while exempting gains from domestic stocks, as well as the difficulty of identifying overseas transaction data and the original purchase prices of crypto holdings, would cause confusion and increase the burden on investors. South Korea had planned to impose a 22% tax on crypto asset gains starting January 1, 2027. Earlier this month, the government and ruling party announced plans to delay the tax until 2029, marking the fourth time South Korea has postponed the plan. (Source: ODAILY)

Alliance announced that 19 companies were selected for ALL18. 35% of founders come from the world’s top five universities, 25% have prior entrepreneurial exits, and 20% previously worked at Meta, Apple, Nvidia, Google, OpenAI, or SpaceX. The cohort spans robotics, AI, stablecoins, energy, and on-chain infrastructure. Notable projects include Tera Compute, UpDown, Wallib, Suno, and Cloud9. Applications for ALL19 are now open, with a deadline of November 18.

Alliance announced the ALL18 cohort with 19 startups selected from 2,500 applicants. Founders include 35% from top global universities, 25% with prior exits, and 20% from major tech firms; sectors span robotics, AI, stablecoins, energy, and on-chain infrastructure. Notable projects include Tera Compute, UpDown, Wallib, Suno, and Cloud9. ALL19 applications are now open, with a deadline of November 18.

Mercor completed a $750M Series D, valuing the company at $20B, with investors like Benchmark, Nvidia, and Salesforce. Since 2023, it provides hourly-paid human experts to AI labs for model training, evaluation, and RLHF.

ME News, November 11 (UTC+8) — U.S. Treasury yields are back in focus after remarks by Fed officials and higher-than-expected CPI data triggered a selloff in U.S. markets. Expectations for Fed rate hikes remain fully priced in by the market. However, with oil prices falling sharply, the rise in yields could pause temporarily over the coming weeks. Jack Chambers, an interest rate strategist at Commonwealth Bank of Australia, is closely watching both factors but still believes bond yields have further room to rise. He said that economic momentum and stronger expectations for Fed rate hikes will take center stage, tilting the 10-year Treasury yield higher in the near term. (Source: Jin10)

ME News reports that, on November 11 (UTC+8), monitoring showed the probability of the Heat defeating the Jazz in the predict.fun “NBA Regular Season: Heat vs. Jazz” prediction event currently stood at 77%. At 10:00 a.m. today, the Utah Jazz will host the Miami Heat in a 2026---2027 NBA regular-season game. Before the game, the Heat ranked eighth in the Eastern Conference with a 4-6 record, having beaten the Kings 114:108 in their previous game. The Jazz, meanwhile, got off to a 1-9 start and have lost eight straight, including a 100:115 loss to the Timberwolves in their previous game. As for the lineups, Heat star Giannis Antetokounmpo was downgraded from “likely to play” to “questionable” before the game due to a right wrist sprain, and his availability will be decided at game time. The Jazz are dealing with serious injury problems: Keyonte George (right ankle sprain), Jaren...

ME News reported on November 11 (UTC+8) that a federal judge in New York denied sports prediction market platform Novig’s motion for a preliminary injunction, ruling that its event contracts do not qualify as “swaps” under the Commodity Exchange Act and that New York State may apply gambling and sports betting laws to its activities. Gaming attorney Daniel Wallach said state regulators may soon shift from defending their enforcement authority in federal court to actively exercising that authority in state court, which could become the next major chapter in litigation over sports prediction markets. (Source: ODAILY)

ME News, Nov. 11 (UTC+8) — According to a ruling by the U.S. District Court for the Southern District of New York, the court denied a motion for a preliminary injunction filed by Ludlow Exchange, operator of sports prediction market Novig, seeking to block New York State from applying its betting laws to the company. At the preliminary injunction stage, the court found that Novig’s sports event contracts are not swaps as defined by the Commodity Exchange Act, and that New York State may require the company to obtain a state betting license or prohibit the related contracts from being listed and traded on its market. Court documents show that Novig was designated a contract market by the U.S. Commodity Futures Trading Commission in June 2026 and began offering sports event contracts to New York customers in August. (Source: ChainCatcher)