Today's top news highlights:
Google will integrate Kalshi and Polymarket forecasting data into Google Finance.
Tesla shareholders approve Musk's $878 billion compensation plan
MLM: Paradigm holds over 19.14 million HYPE shares, becoming the largest holder.
ICP surged again by over 30%, breaking through $8 at its highest point.
Bernstein Report: Prediction Markets Will Drive the Growth of Robinhood and Coinbase
Macro
PANews reported on November 7th that, according to a Citibank report, Bitcoin's recent weak trading pattern may be a warning sign of a weakening Nasdaq 100 index. The analysis points out that the US Treasury's cash restructuring and a reduction of approximately $500 billion in bank reserves have led to a liquidity crunch, suppressing the performance of Bitcoin and other risk assets. However, as the Treasury's cash balance nears the end of its restructuring, liquidity may improve, driving a year-end rebound for Bitcoin and the stock market. Furthermore, Citibank noted that while the AI boom has supported the stock market, investors are skeptical about the returns on their high investments in AI, while soaring hardware costs and supply constraints are raising concerns.
Google will integrate Kalshi and Polymarket forecasting data into Google Finance.
According to Bloomberg, Google has announced a partnership with Kalshi and Polymarket to integrate data from the two prediction market platforms into Google Finance. When users query future events such as GDP growth, real-time odds will be displayed, aiming to provide more probabilistic information "by leveraging the wisdom of the crowd."
US stocks closed lower: All three major indexes fell, with Nvidia down more than 3%.
U.S. stocks closed lower on Thursday, with the Dow Jones Industrial Average down 0.8%, the S&P 500 down 1.1%, and the Nasdaq Composite down 1.9%. Tesla (TSLA.O) fell 3.5%, Nvidia (NVDA.O) fell 3.65%, and Meta (META.O), Amazon (AMZN.O), and Intel (INTC.O) all fell more than 2.5%. U.S. blockchain concept stocks also generally declined, with Coinbase, Strategy, and MARA Holdings all falling by about 7%.
According to a recent report from Google Threat Intelligence Group (GTIG), the North Korean hacking group UNC1069 is using AI models (such as Gemini) to develop and deploy malware targeting cryptocurrency wallet and exchange employees. The report indicates that this malware dynamically generates or hides malicious code at runtime using Large Language Models (LLMs), employing "on-the-fly code generation" technology to evade detection and enhance its attack capabilities. Malware families such as PROMPTSTEAL and PROMPTSTEAL show a trend of directly integrating AI into operations. For example, PROMPTSTEAL calls the Gemini API hourly to rewrite code, while PROMPTSTEAL uses the Qwen model to generate Windows commands. UNC1069's activities include locating wallet application data, accessing encrypted storage, and generating multilingual phishing scripts to steal digital assets. Google stated that it has disabled the relevant accounts and strengthened security measures for model access, including optimizing prompt filters and strengthening API monitoring. The report warns of the potential risks of AI being abused in cyberattacks, especially given the growing threat in the cryptocurrency sector.
According to Neowin, Twitter (formerly known as Twitter) has recently launched a large-scale account banning campaign due to violations of its "non-genuine behavior" policy caused by the use of the third-party extensions OldTweetDeck and OldTwitter. OldTweetDeck, developed by Ukrainian developer dimden, restores the classic TweetDeck functionality, allowing users to circumvent the X Premium paid model. Multiple users have reported that their accounts have been automatically banned, and dimden has advised users to immediately stop using the plugin. X has not yet issued a statement regarding this wave of bans.
Erik Torenberg, a partner at a16z, tweeted that a16z has officially established a new media team aimed at helping startups gain attention in the social media age through brand building, content distribution, and narrative support. The team will operate its own podcasts, videos, and community content, and will simultaneously launch the "New Media Fellowship," planned to begin in early 2026, focusing on cultivating "highly online" creators—dubbed the "Thiel Scholarship for the ultimate online talent." CAA (Creative Artists Agency) is a top-tier talent agency founded in Hollywood in 1975, renowned for revolutionizing the entertainment industry. 16z describes itself as the "CAA of the tech industry," implying that it is not merely an investment firm, but rather dedicated to empowering founders, helping them control the narrative, dominate public opinion, build brand narratives, and systematically amplify their influence through "new media" resources—just as CAA has helped actors dominate the entertainment industry.
According to Jinshi Data, Cleveland Fed President Hamak, a voting member of the 2026 Federal Reserve meeting, said on Thursday that persistently high inflation is not conducive to another Fed rate cut, and she is concerned that monetary policy may not be prepared to deal with current inflation. Hamak stated that after last week's policy meeting, she believes monetary policy has few constraints, and in her view, the reasons for further policy action are not obvious at this time. Hamak said the Fed continues to face inflationary pressures above its target, and the current monetary policy setting has little restraining effect on economic growth. She opposed the Fed's decision to cut rates last week. Hamak acknowledged problems in the labor market but warned that the unemployment rate remains low. She also stated that stablecoins are an exciting new technology and see them as a promising innovation. Fed Governor Milan stated: "I want to reach the neutral rate in 50-basis-point increments; many of my colleagues want adjustments in 25-basis-point increments." Fed President Hamak stated: "The boom in artificial intelligence may be similar to the period of internet infrastructure construction. Artificial intelligence is a structural economic change that is not well-suited to be addressed through monetary policy." Federal Reserve Chairman Williams stated that massive U.S. investment in artificial intelligence is impacting global demand for capital. He added that artificial intelligence will present some challenges in the labor market.
Tesla shareholders approve Musk's $878 billion compensation plan
Tesla (TSLA.O) shareholders approved Elon Musk's compensation plan with a 75% majority vote, supporting his vision to transform the electric car maker into an artificial intelligence and robotics giant. Under the new plan, Musk could earn up to $878 billion from Tesla stock over 10 years. Musk will receive up to $1 trillion in stock, but will have to pay Tesla a certain amount. Analysts say the vote is favorable for Tesla's stock, as the company's valuation hinges on Musk's vision of developing self-driving cars, expanding robotaxis in the U.S., and selling humanoid robots, despite his far-right political rhetoric damaging Tesla's brand this year.
Opinion
A Matrixport report indicates that Bitcoin is currently in a consolidation phase, influenced by macroeconomic and market structural headwinds. The report notes that the Federal Reserve has signaled patience, limiting the likelihood of further monetary easing in the short term; the US dollar has stabilized from its cyclical lows, and liquidity has tightened since mid-summer; spot demand momentum has weakened following early ETF inflows. Furthermore, market dynamics show cooling participation, with some large early holders taking profits, ETF flows slowing, and crypto market positioning becoming more cautious after recent liquidations. Bitcoin's drop below key cost benchmarks suggests that the current period is more likely a consolidation phase than an immediate trend reversal. The report argues that this is not a structural top, but rather a late-cycle adjustment phase that could pave the way for more attractive entry points in the future. If liquidity improves or monetary policy signals become clearer, Bitcoin could resume its upward trend in 2026, but patience is still needed for better conditions in the present.
Bernstein Report: Prediction Markets Will Drive the Growth of Robinhood and Coinbase
According to Bloomberg, Bernstein released a report stating that prediction markets are entering mainstream finance and becoming an investable asset class. Robinhood's prediction market trading volume reached approximately $2.3 billion in the third quarter and $2.5 billion in October; at current levels, this equates to approximately $300 million in annualized revenue. Coinbase plans to integrate prediction markets into its "Everything Exchange," combining them with crypto, tokenized stocks, and stablecoins, with an announcement expected later this year as a key product. The report also mentions Kalshi and Polymarket's efforts to improve compliance and accessibility, indicating a loosening of regulations and accelerated integration between institutional and retail markets.
Institutions predict the 10-year US Treasury yield will fall below 4%.
In a report, Jussi Hiljanen, chief strategist at SEB Research, stated that if expectations of a significant interest rate cut by the Federal Reserve persist, the yield on the 10-year US Treasury bond is expected to fall to 3.8%-3.9% within the next three to six months. He pointed out that the Fed's decision to end quantitative tightening in early December, and the reduced hedging costs for international real funds due to the narrowing policy rate spread, should also provide support for Treasury bonds. This could push yields further down.
JPMorgan Chase CEO Jamie Dimon: Rather than missing out on opportunities, participate in stablecoin trading.
Project Updates
CARV, a modular data layer, announced a major upgrade to its AI Agentic Chain mainnet, "Shielded Mind," achieving privacy protection and data sovereignty through zero-knowledge proof (ZK) technology. This upgrade introduces the "Shielded Mind" runtime, a two-layer architecture, and anti-front-transaction functionality, enabling AI Beings to make autonomous decisions in a privacy environment while ensuring user data security. Simultaneously, CARV's social chain payment tool, Cashie, is also advancing its 2.0 update, including the introduction of x402 machine-to-machine payment functionality and the integration of multiple technologies such as the ERC-8004 architecture and ERC-4337 smart accounts. CARV has also adjusted the Season 3 airdrop date to May 10, 2026, and extended the eligibility period to May 10, 2025 to April 10, 2026, increasing the airdrop allocation ratio to 4%. Community participation in Cashie and CARV activities will be a crucial factor in obtaining the airdrop. Previously, it was reported that Binance would list YALAUSDT and CARVUSDT perpetual contracts.
According to an official Elixir announcement, deUSD and sdeUSD holders can now apply for USDC compensation through the official compensation page. The team emphasizes that this is the only valid entry point and reminds users to be wary of phishing websites and scams.
Hourglass adjusts Stable pre-deposit activity limits and clarifies KYC and settlement times.
According to an announcement from Hourglass, due to excessive flow into the Stable pre-deposit vault, the pre-deposit activity will be extended by 24 hours, with a maximum deposit of $1 million and a minimum of $1,000 per wallet. All funds can be withdrawn at any time on a 1:1 basis before KYC. If eligible deposits exceed $500 million, they will be allocated proportionally, with the remainder available for withdrawal. The KYC process will reopen after a new link is generated, and users will have 72 hours to complete verification. The final USDT allocation will be settled no later than December 31st. On-chain data shows that Stable has raised over $800 million since the start of the second phase of the pre-deposit activity, currently reaching approximately $827 million.
Berachain announced on its X platform that it expects to launch a refund claim page early next week, allowing those who lost funds in the Balancer v2/BEX vulnerability to retrieve their deposits. For users who deposited through vault contracts (such as nfrared), funds can be claimed directly using the original deposit address. Berachain also stated that it will release a CSV file containing all wallets and their expected claimable funds. All recovered funds will be returned to users; these funds represent approximately 96% of user deposits in most liquidity pools. The remaining 4% remains in the BEX liquidity pool and will be unlocked next week. Berachain anticipates an additional hard fork later next week to unlock the BEX contract at the virtual machine level, after which it will enable recovery mode on composable stable v6 pools, following Balancer's recent announcement.
Important data
MLM: Paradigm holds over 19.14 million HYPE shares, becoming the largest holder.
According to MLM analysis, investment firm Paradigm currently holds over 19.14 million HYPE tokens, representing 1.91% of the total supply and 5.73% of the circulating supply, making it the largest holder of HYPE. Previous estimates placed its holdings at 19,134,900 HYPE tokens (worth $765 million), but the actual holding is higher at 19,141,655 HYPE tokens (approximately $763 million). Paradigm has consolidated all HYPE tokens to a new address, confirming its holdings and the distribution of related wallets.
ICP surged again by over 30%, breaking through $8 at its highest point.
OKX data shows that the Internet Computer (ICP) token has surged over 34% in the past 24 hours, breaking through $8 at its highest point, and is currently trading at $7.76. The price of ICP has nearly doubled in the past week.
A whale deposited 14 million USDC into HyperLiquid to buy HYPE spot shares.
According to Onchain Lens, a whale has deposited $14 million USDC into HyperLiquid and has already bought HYPE on the spot market.
According to Lookonchain, three new addresses withdrew 4,920 ETH (approximately $16.25 million) from Tornado.Cash and sold it at a price of approximately $3,302. Lookonchain stated that Richard Heart (founder of HEX, PulseChain, and PulseX) bought 162,937 ETH (approximately $619 million) this year at approximately $3,800 and deposited it all into Tornado.Cash two days ago; it is currently unclear whether the aforementioned sell-off is related to him or was the work of a hacker.
According to SoSoValue data, on November 6th (Eastern Time), Ethereum spot ETFs recorded a net inflow of $12.5099 million, ending a six-day streak of net outflows. BlackRock's ETHA saw the largest net inflow at $8.0089 million, followed by Fidelity's FETH at $4.9457 million; Grayscale's ETHE, on the other hand, experienced an outflow of $3.5275 million. As of now, Ethereum ETFs have total assets of $21.754 billion, representing 5.45% of the total market capitalization of Ethereum.
Bitcoin spot ETFs saw net inflows of $240 million yesterday.
According to SoSoValue data, Bitcoin spot ETFs recorded a net inflow of $240 million on November 6th (Eastern Time), ending a six-day streak of net outflows. BlackRock's IBIT saw a net inflow of $112 million, while Fidelity's FBTC saw a net inflow of $61.64 million. As of now, Bitcoin ETFs have total assets under management of $135.4 billion, representing 6.73% of Bitcoin's total market capitalization.
According to on-chain data monitoring, approximately two hours ago, SmartMoney (0x519...96a47) closed its 5x leveraged ZEC long position. This position had yielded a total profit of $1.085 million over the past week. Last Saturday, SmartMoney's ZEC long position reached 21,978.9 ZEC (approximately $9.24 million), briefly ranking first among ZEC long positions on Hyperliquid. OKX market data shows that ZEC broke through $580 today, currently trading at $579.01, a 24-hour increase of 18.1%.
According to Ember, "7 Siblings" continued to buy 1,601 ETH (approximately $5.25 million) today. Since the drop on October 11th, they have used approximately 163 million USDC to buy 45,800 ETH, with an average price of $3,561. The current market price is lower than their average price, resulting in a temporary unrealized loss of approximately $9.48 million.
Tether increased its holdings by 961 bitcoins, worth approximately $973 million.
According to Onchain Lens, Tether has increased its holdings by 961 bitcoins, worth approximately $973 million.
Financing/Acquisition
Sprinter raises $5.2 million in seed funding, led by Robot Ventures.
Sprinter, a cross-chain infrastructure project founded by several early Ethereum developers, has raised $5.2 million in seed funding, led by Robot Ventures with participation from Uniswap Labs Ventures and others. Sprinter focuses on "solving-as-a-service," providing uncollateralized credit and quote-based Swap APIs to improve transaction execution efficiency, and is currently in private beta testing.
Cryptocurrency trading app Fomo raises $17 million in Series A funding, led by Benchmark.
Cryptocurrency trading app Fomo has raised $17 million in Series A funding, led by Benchmark, bringing its total funding to $19 million. The project attracted 140 industry leaders as angel investors through a unique strategy, including Polygon Labs CEO Marc Boiron, Solana co-founder Raj Gokal, and former Coinbase CTO and angel investor Balaji Srinivasan.
Hardware and software company Arx Research has raised $6.1 million in seed funding, led by Castle Island Ventures, with participation from Inflection, Placeholder, Seed Club Ventures, and 1kx. The company officially launched "Burner Terminal," a handheld POS device that integrates digital assets and traditional payments. The CEO stated that if merchants directly accept stablecoins, the fee structure could be nearly free. The funding will be used to expand production, develop the ecosystem, and expand into the European, American, and Latin American markets. The product is planned for full market launch in early 2026.
Cipher issues $1.4 billion in high-yield bonds to fund Google-related data center construction.
According to Bloomberg, Cipher Mining has raised $1.4 billion through high-yield debt to build a data center affiliated with Google. The company's subsidiary issued five-year senior secured notes, non-callable for the first two years, with a yield of 7.125%. Morgan Stanley was the sole lead underwriter. Cipher and TeraWulf are shifting from Bitcoin mining to data center operations, driven by the demand for AI computing power. The funds raised will be used for the construction of a facility near Barber Lake, Colorado City, Texas.
Institutional holdings
Bitmine (NYSE: BMNR) posted on its official Twitter account that the online rumor that "Cathie Wood's ARK sold 5.2 million shares of BMNR" is incorrect, originating from an error displayed by the Bloomberg terminal. The latest data has been corrected, showing that ARK Investment Management increased its holdings by 61,416 shares on November 6th.
According to The Block, Block, founded by Jack Dorsey, generated approximately $1.97 billion in Bitcoin revenue in Q3 2025, accounting for nearly one-third of its total revenue of $6.11 billion. Despite a 18% year-over-year increase in gross profit, some of the company's financial metrics fell short of expectations, causing its stock price to drop more than 9% in after-hours trading. The company held 8,780 Bitcoins at the end of the quarter, with a total value exceeding $1 billion.
American Bitcoin, a Bitcoin mining company affiliated with the Trump family, tweeted that its total Bitcoin holdings have increased to approximately 4,004, an increase of about 139 since October 24. The corresponding Satoshis per Share (SPS) has also increased to approximately 432.
Exodus disclosed its October financial update: holding 2,147 BTC, 2,784 ETH, and 49,567 SOL.
According to Globenewswire, Exodus Movement, a New York Stock Exchange-listed self-custodied cryptocurrency platform, released a financial update as of October 31, 2025, disclosing that the company holds 2,147 BTC, 2,784 ETH, and 49,567 SOL.
