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Donald Trump
11 hours agoNews Editor

Trump says he may reach a deal with Democrats at some point

U.S. President Donald Trump said he could reach an agreement with Democrats at some point, according to a newsflash published by Odaily and attributed to Sina Finance. Trump also said that if Democrats win a majority, he believes he would become "Mr. Veto." The brief remark did not include more detail on what kind of agreement he was referring to or when such a deal might happen. The report was published by Odaily as a short update and cited Sina Finance as the source of the statement. No additional context, policy details, or timeline were provided in the original item.

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Trump says he may reach a deal with Democrats at some point
Obol World
11 hours agoNews Editor

Obol World says 80% of revenue will go to buybacks and burns, rolls out bot API

Obol World said 80% of its revenue will be allocated to buybacks and token burns, according to a Techub News brief that cited Crypto Briefing. The project also launched an API designed for bots. The source item did not provide additional details on how the buyback-and-burn plan will be carried out, what type of bots the API targets, or when the changes will take effect. With the available information limited to a short news alert, the key disclosed points are the revenue allocation plan and the release of the new API. No further figures, timeline, or product specifications were included in the source note.

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Obol World says 80% of revenue will go to buybacks and burns, rolls out bot API
Binance
16 hours agoNews Editor

Binance opens first phase of withdrawals, starting with the Bitcoin network

Binance said it has begun the first phase of restoring withdrawals after a hack involving about $6.3 billion in funds, with the Bitcoin network reopened first. The exchange had suspended user withdrawals following Thursday’s attack, which the FBI blamed on North Korean operatives. In posts on X, Binance said withdrawals would return in stages and that availability would expand progressively. The company said it is prioritizing tokens based on user demand data from the past week, while completing stability and security checks before each network and asset pair is brought back online. Binance also told users to check the withdrawal page for their chosen asset and network, or use its network status page to confirm whether service is available. During the phased rollout, the exchange warned that congestion, longer processing times and temporary delays may occur, and said users should try again later if a withdrawal fails. Cointelegraph had reported on Saturday that Binance said it had replenished 90% of the assets stolen in the hack, up from 80% a day earlier, and was still on track to resume withdrawals on Sunday.

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Binance opens first phase of withdrawals, starting with the Bitcoin network
Binance
11 hours agoNews Editor

Binance Sees About $4.4 Billion in Withdrawals on First Day of Resumed Transfers

Binance users withdrew more than $4 billion on the first day after the exchange resumed withdrawals, according to on-chain figures cited by ABMedia. CryptoQuant verified author Darkfost said in a post at 8:50 p.m. Taipei time on Nov. 1 that, after withdrawals reopened that afternoon, users had taken out 19,569 BTC, 154,147 ETH, $1.96 billion in USDT and $557 million in USDC. Based on the values attached to those holdings, the four assets added up to roughly $4.4 billion. A separate calculation based on wallets tracked by DefiLlama showed Binance’s wallet balances fell by about $3.75 billion on a net basis over a similar period, after accounting for deposits. The report said the difference came from methodology: CryptoQuant measured gross withdrawals, while DefiLlama tracked net wallet balance changes, and the wallet sets and timestamps were not identical. DefiLlama data showed tracked Binance assets at about $134.7 billion at 8 a.m. Taipei time on Nov. 1 and about $131.4 billion at 9:29 p.m., putting the net outflow at around 2.8% of assets before withdrawals resumed. Binance co-founder Yi He also said on the evening of Nov. 1 that a community rewards campaign still required regulatory approval and that there were currently no cash voucher promotions, warning users to watch for scams.

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Binance Sees About $4.4 Billion in Withdrawals on First Day of Resumed Transfers
AI infrastructure
11 hours agoNews Editor

AI buildout pushes off-balance-sheet commitments at tech giants to $4.11 trillion

A fresh review of quarterly filings shows off-balance-sheet commitments disclosed by Alphabet, Meta, Microsoft, Amazon, Nvidia, Broadcom and SpaceX have climbed to $4.11 trillion, up nearly $992 billion from the $3.12 trillion Morgan Stanley tracked at the end of August. If commitments previously counted from news reports rather than formal filings are included, the total reaches $4.29 trillion. At the same time, these companies carry roughly $1 trillion of on-balance-sheet debt and lease liabilities, leaving more than $4 of off-balance-sheet obligations for every $1 shown on the balance sheet. The figure may still rise, with Nvidia due to report in late November and Oracle and Broadcom set to update investors in December. Goldman Sachs chief credit strategist Amanda Lynam said investor attention on these exposures is increasing, while rating agencies still treat them differently. Standard & Poor’s adjusts leverage for off-balance-sheet leases, but Moody’s and Fitch do not apply the same approach. The divergence has turned accounting treatment itself into a risk investors are watching closely.

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AI buildout pushes off-balance-sheet commitments at tech giants to $4.11 trillion
Bitcoin
12 hours agoNews Editor

Coinbase Bitcoin Premium Index Stays Negative for 39 Straight Days, Last at -0.17%

Data from Coinglass shows the Coinbase Bitcoin Premium Index has remained below zero for 39 consecutive days, with the latest reading at -0.17%. The metric tracks the difference between Bitcoin prices on Coinbase and the global market average. According to the report, the extended negative streak points to persistently weak buying power in the U.S. market. A negative premium is commonly read as a sign of heavier selling pressure on the U.S. side. The report also says it can reflect lower investor risk appetite, rising demand for safer positioning, or capital outflows.

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Coinbase Bitcoin Premium Index Stays Negative for 39 Straight Days, Last at -0.17%
Morgan Stanley
11 hours agoNews Editor

Morgan Stanley says U.S. stocks are a buy on dips regardless of midterm election outcome

Morgan Stanley’s chief U.S. equity strategist Mike Wilson said U.S. stocks could face several near-term pullback risks, including the U.S. midterm elections, market concerns tied to artificial intelligence spending, and liquidity constraints. He said those factors could push the S&P 500 down about 9% from its recent record high to 7,100. Even so, Wilson said such a decline would create a buying opportunity rather than change his broader view on equities. He expects the index could later climb to 8,000 once those risks are absorbed. Wilson also pointed to historical performance, saying that since 1950, U.S. stocks have risen in every six-month and 12-month period following midterm elections. Based on that pattern, he said investors should buy U.S. equities on weakness no matter how the election turns out, according to Bloomberg.

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Morgan Stanley says U.S. stocks are a buy on dips regardless of midterm election outcome
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