A whale extracted approximately $98.11 million worth of Bitcoin within 24 hours, withdrawing from Binance again after a year of dormancy

Odaily Report: The Federal Reserve last week kept the federal funds rate target range unchanged at 3.75%-4.00%, while acknowledging that inflation remains elevated. The market currently widely expects that the Fed may further raise rates in December.Investment analyst Michael Kramer believes that if the October employment report is broadly in line with expectations and the unemployment rate does not rise significantly, the market's assessment of the Fed's policy path may not change materially. However, if job growth significantly exceeds forecasts, the unemployment rate declines, and wage growth remains strong at the same time, investors may begin to reassess how many more rate hikes the Fed needs and whether the current market judgment on the end point of the rate hike cycle is sufficient.MarketWatch statistics show that since January 2025, nonfarm payroll data have exceeded market expectations 11 times and fallen below expectations 10 times, with the average deviation between actual data and forecasts reaching tens of thousands of jobs.

Odaily: Institutional forecasts for US October nonfarm payrolls (seasonally adjusted) are as follows:1. ABN AMRO: +35K; Jefferies: +40K; Mizuho Securities: +40K; TD Securities: +40K; Spartan Securities: +48K;2. High Frequency Economics: +49K; Barclays: +50K; Julius Baer: +50K; Moody's: +50K; U.S. Bancorp: +50K;3. Deutsche Bank: +55K; Monex: +55K; Montreal: +60K; Commerzbank: +60K; HSBC Holdings: +60K;4. Morgan Stanley: +60K; Stifel: +60K; Sumitomo Mitsui: +63K; Citigroup: +65K; DekaBank: +65K;5. UBS Group: +65K; Wells Fargo: +65K; ANZ: +70K; Berenberg: +70K; Capital Economics: +70K;6. BNP Paribas: +70K; Danske Bank: +70K; BofA Securities: +75K; Fifth Third Bank: +75K; JPMorgan: +75K;7. Goldman Sachs: +75K; Societe Generale: +75K; ING: +75K; Nomura Securities: +80K; National Bank of Canada: +90K;8. Standard Chartered: +90K; DBS Bank: +100K; Pantheon Macroeconomics: +100K; Scotiabank: +100K; [Reuters expectation: +65K]

Odaily: Galaxy Digital CEO Michael Novogratz has purchased 760,000 shares of the company's Class A stock through Galaxy Group Funding ECI U LLC, with a total transaction value of approximately $9.9 million and a blended average purchase price of about $12.98 per share. According to a Form 4 filing submitted to the U.S. Securities and Exchange Commission (SEC), the purchase was made in two tranches: 528,757 shares (weighted average price of $12.694) and 231,243 shares (weighted average price of $13.632).Previously, Galaxy's stock fell about 7% on the Nasdaq on November 5 to around $13, after declining about 17% the prior trading day, bringing the cumulative decline to roughly 41% from the October 6 closing price. The increased stake comes as Galaxy's board has approved an additional $200 million share repurchase program; the company had repurchased 9.8 million shares as of the date of its third-quarter earnings disclosure. In addition, Galaxy's third-quarter data center business adjusted EBITDA reached $69 million, a significant increase from $11 million in the second quarter. (TheEnergyMag)

Odaily reports: The Korea Composite Stock Price Index (KOSPI) has retreated from its record closing high of 9,114.55 points set on June 22, at one point falling below 5,000 points. The market capitalization of South Korea's two semiconductor giants, Samsung Electronics and SK Hynix, has shrunk significantly, with a combined evaporation of approximately 2,261 trillion Korean won.Data from the Korea Exchange shows that as of 10:04 a.m. on November 6, Samsung Electronics' common stock market capitalization stood at approximately 1,071 trillion Korean won, while SK Hynix's was approximately 815 trillion Korean won. Compared with June 22, the two companies' market caps decreased by 996 trillion won and 1,265 trillion won respectively, representing declines of 48.18% and 60.81%. Their combined market capitalization fell from 4,147 trillion won to 1,886 trillion won, a contraction of approximately 54.52%. Their share of the KOSPI's total market capitalization on the main board also dropped from 55.7% to 46.5% over the same period. (EToday)

Odaily reports that Goldman Sachs analysts Lina Thomas and Daan Struyven, in their November 5 report "Precious Metals Analyst Report: Long-Term Bullish on Gold, but Not Now," lowered their end-2026 gold price forecast from $4,650 per ounce to $4,150, and their end-2027 target from $5,400 to $4,800.For a bank that has long supported a structural bull market in gold, this is a significant adjustment. But Goldman Sachs still expects central banks to continue buying gold heavily, concerns over the safety of foreign exchange reserves to persist, and ultimately lower U.S. interest rates to provide support for gold prices.Stephen Innes, a macro market strategist in the international financial community and an expert in foreign exchange and commodities, interpreted the report as saying that what has really changed is the driver structure behind gold's rally: central banks are still increasing their gold holdings, but the Fed's maintenance of restrictive monetary policy is weakening private investors' willingness to buy, especially speculative funds that rely on leverage and options trading.What is happening in the gold market is this: central banks may still be buying, but leveraged funds are no longer willing to follow them at any cost.

Odaily Report: Although the US Democratic Party swept Congress, the crypto industry did not suffer a complete defeat in the midterm elections. Stand With Crypto, an advocacy group backed in part by Coinbase, said the pro-crypto camp has won 228 seats in the House and 19 seats in the Senate. Fairshake, the crypto industry's largest super PAC, also said it will continue to support pro-crypto candidates in the 2028 elections. Notably, although Ripple remains one of Fairshake's major donors, Ripple co-founder Chris Larsen this time also donated $4 million to the campaign of former Senator Sherrod Brown, who has repeatedly criticized the crypto industry.Separately, according to data from the US consumer advocacy group Public Citizen, as of the first quarter of 2026, the crypto industry had invested about $189 million in political action committees during this midterm election cycle, up from $119 million in the 2024 election cycle. In addition, a super PAC focused on the AI industry also invested $72.3 million. (Bloomberg)