Odaily Morning Brief

Odaily Report: According to Gate data, AI regulatory concerns hit Japanese and South Korean stock markets. The Nikkei 225 index closed down 1,110.73 points, a decline of 1.79%, at 61,077.90 points. South Korea's KOSPI index closed down 300.15 points, a decline of 5.28%, at 5,383.65 points. South Korea's KOSDAQ fell 5.11%, triggering sidecar mechanisms successively during intraday trading, with program trading briefly halted; SK Hynix fell 9.45%, and Samsung Electronics fell 7.56%.

Odaily: Multiple mainstream U.S. media outlets have released projections that Democrats won a landslide victory in the U.S. midterm elections held on the 3rd, regaining control of both the Senate and the House of Representatives. Musk, who had previously spent hundreds of millions of dollars to support Republican candidates, quietly deleted a get-out-the-vote post after the election ended. According to a November 4 report by The Washington Post, on Election Day, Musk posted on social platform X urging voters to "vote red today!" However, by local time on November 4, this post had disappeared from Musk's account. According to earlier reports, Musk's financial input in this round of midterm elections reached $474 million, setting a historical record for political spending by a non-candidate donor in a single election cycle. He not only used the X platform to campaign for Republicans but also publicly attacked Democratic candidates multiple times. However, the election results did not turn out as Musk had hoped. (Global Times)

According to Lookonchain monitoring, an address opened a 10x long position on 450,000 LINK (worth $5.18 million) 2 hours ago.

According to GMGN market data, possibly driven by Upbit's announcement that it will list Collector Crypt (CARDS) trading pairs for KRW, BTC, and USDT, CARDS briefly touched 0.333 USDT and is now trading at 0.332 USDT, up over 30% in 15 minutes.

Odaily reports: According to official news from Bitget, the platform has announced the launch of an open custody network, Open Custody Network (OCN). Centered on the core concept of "Assets in Bank, Tradings on Bitget," it aims to connect professional financial institutions such as banks and custodial companies with Bitget's trading infrastructure. The network integrates core capabilities including independent asset custody, bank and institutional-grade security safeguards, exchange-integrated trading services, and capital efficiency, breaking the traditional centralized exchange model that concentrates asset custody and trading on the same platform.Through an asset mapping mechanism, OCN bridges the channel between independent asset custody and trading services, enabling all eligible users to participate in Bitget spot, margin, and futures trading while retaining independent custody rights over their assets, enjoying exchange-grade liquidity and integrated trading services, further lowering the barrier to trading participation and allowing more users to access financial services in a more equitable way.Bitget CEO Gracy Chen stated that OCN is designed to break the traditional model in which users must entrust their assets to an exchange in order to use its trading services, allowing users to independently choose their asset custody method while enjoying premium liquidity and efficient capital utilization, making financial services more open and inclusive.

According to official announcement information, Upbit will list the CARDS/KRW trading pair.