Odaily News: WTI crude oil futures November contract plunged 5.00% intraday, currently at $91.27 per barrel.
Odaily: The US stock market extended its gains, with the Nasdaq rising 2%.
Odaily reports: Bitcoin News posted on X that China launched a next-generation commercial cryptography algorithm initiative in 2025, aimed at developing and evaluating cryptographic standards capable of withstanding future quantum computers. Independent researcher @mjos_crypto, while analyzing the candidate algorithms, has discovered critical vulnerabilities in multiple proposed algorithms, including publicly reproducible private keys, easily constructible hash collisions, and signature implementations that accept invalid signatures. Bitcoin currently relies on well-validated elliptic curve cryptography, which quantum computers may pose a threat to its security model in the future; however, prematurely adopting insufficiently tested post-quantum cryptography schemes could also introduce vulnerabilities before quantum threats emerge.
Odaily News: SpaceXAI has launched Grok 4.7, which is twice as fast as comparable products at only half the price. Grok 4.7 is priced at $2 per million input tokens and $6 per million output tokens. (Jinshi)
Odaily reports that StonkFun, a token issuance platform on Solana, has officially announced that 17% of the total STONK supply has been burned. STONK currently has a market cap of $312 million, with a 24-hour gain of 26.25%.
According to Gate data, European major stock indices closed collectively higher, with the UK FTSE 100 Index up 0.75%, the French CAC40 Index up 1.07%, the German DAX30 Index up 1.07%, and the FTSE Italy MIB Index up 1.60%.
According to Coinglass data, $96.754 million was liquidated across the network in the past hour, with $4.9758 million in long positions liquidated and $91.7782 million in short positions liquidated.
Among these, BTC liquidations totaled $45.84 million, while ETH liquidations amounted to $15.02 million.
Odaily News: The European Central Bank (ECB) plans to invest a small portion of its reserves in euro-denominated tokenized securities, giving it direct exposure to blockchain-based financial markets.
Related transactions will be settled in central bank money through the newly built Eurosystem platform Pontes. Pontes connects the ECB's payment system with the tokenized financial system. The specific investment scale and timeline will be determined after preparatory work is completed, with full implementation expected by 2028. (CoinDesk)
Odaily reports, according to Hyperbot data, "Machi Big Brother" long positions have accumulated over $6.7 million in unrealized profit. Among them:
A 25x ETH long position worth $85.25 million, with $5.32 million in unrealized profit;
A 40x BTC long position worth $25.3 million, with $1.27 million in unrealized profit;
A 10x HYPE long position worth $8.51 million, with $58,000 in unrealized profit.
According to market data, BNB has risen above 800 USDT, currently trading at 799.54 USDT, with a 24H gain of 5.76%.
Odaily News: Driven by sustained growth in AI demand, chip stocks broadly rose during US trading hours. AMD (AMD.O) surged over 9% intraday, briefly hitting an all-time high of $613.92, pushing the company's market cap above $1 trillion. AMD is regarded as one of the primary competitors to AI leader Nvidia (NVDA.O) in the graphics processing unit (GPU) market. AMD becomes the fourth US chipmaker to surpass a $1 trillion market cap, following Nvidia, Broadcom (AVGO.O), and Micron Technology (MU.O). Nvidia crossed the $1 trillion mark in 2023 and has since become the world's most valuable company, with a market cap exceeding $5 trillion. On Monday, most chip stocks rose in tandem. Intel (INTC.O) gained about 11% intraday, Qualcomm (QCOM.O) rose 4.1%, and the Philadelphia Semiconductor Index climbed 2.6% to a one-month high. (Jinshi Data APP)
Odaily reports that the U.S. Senate has not advanced the Clarity Act, and U.S. crypto policy remains primarily led by the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). After the bill's advancement stalled, whether stablecoin platforms can offer rewards that may compete with bank deposits still lacks a clear legislative arrangement.
Banks have made progress in the dispute over whether stablecoin platform rewards will compete with deposit business. Regulated crypto hubs such as the UAE are using clearer rules to attract businesses, talent, and capital, and may benefit from the U.S. legislative deadlock. (CoinDesk)
According to Gate data, the U.S. dollar rose past 157.5 against the Japanese yen (USDJPY), now at 157.506, up 0.4% from the previous trading session's close.
Odaily News: Perpetual contract DEX Velocity has lifted its whitelist restrictions, and the Beta version is now open to all users. The platform supports wBTC, wETH, SOL, and USDT as collateral assets for contract trading under the same account, with some contracts offering up to 20x leverage, and trades settled on-chain in USDT.
Odaily reports that OpenAI is reportedly developing new features to compete with xAI's Grok chatbot, while also considering how to respond to Meta's Muse.
