Odaily reports that QCP Capital has released a macro market analysis report, noting that Trump has temporarily suspended a new round of military strikes against Iran but will continue to maintain the blockade. After meeting with Qatar's Prime Minister on November 9, Trump stated that military action was temporarily paused, but significant differences remain between the two sides and no agreement has yet been reached. Brent crude settled at $92.57 per barrel, down 5.85% in a single day, and has since fallen further, now approximately 18% below its October 30 level.On global monetary policy, the Reserve Bank of Australia raised rates to 4.85% by a 6-3 vote but removed its policy bias regarding further rate hikes if necessary; the Bank of England raised rates to 4% by an 8-1 vote. The Bank of Canada and the Bank of Japan both held rates steady, but market pricing for rates in both countries was still marked lower. Canada's employment fell by 4,700, below market expectations of a 14,000 increase; Japan's Nikkei 225 index fell 6%, and the yield on Japan's 2-year government bonds dropped 12.8 basis points.In the AI industry, the U.S. Democratic Party won both chambers of Congress and 5 governor seats. It is estimated that 59% of the data center capacity currently planned for construction in the United States will face new restrictions or higher approval thresholds.In the crypto market, Strategy purchased 1,036 BTC for $81.9 million while repurchasing $188.3 million worth of STRC preferred stock, a repurchase size about 2.3 times its Bitcoin purchase expenditure, funded in part by the sale of $283.8 million worth of MSTR shares. In addition, between November 2 and 6, spot Bitcoin ETFs recorded cumulative net outflows of $1.2324 billion.QCP Capital concluded by raising the key questions the market needs to watch going forward: whether falling oil prices can continue to ease rate hike pressure, or whether a stalemate in Iran negotiations will reignite inflation risks and prompt the Bank of Canada and the Bank of England to be the first to resume rate hikes.

Odaily: The TSMC Board of Directors has approved an investment of no more than $500 million to establish an investment company, primarily for strategic investments in the semiconductor industry and related ecosystem. (Cailian Press)

According to MSX.COM data, storage supply chain-related assets strengthened overall over the past 24 hours: WDC rose 11.2% and is now trading at 292.47 USDT; MU rose 10.6% and is now trading at 739.16 USDT; SNDK rose 10.4% and is now trading at 901.88 USDT.

Odaily: The UK Financial Conduct Authority (FCA) has stated that UK banks can now submit applications to conduct cryptoasset business ahead of the implementation of the new cryptoasset regulatory regime. Firms that submit applications before 28 February 2027 and meet specific requirements may continue operating during the review period.

Odaily reports: Renowned tech investor Jason posted on X, saying: "The bottom has already appeared... Tech stock valuations may fall another 10%, but if they really drop to that level, it would be the ideal buying opportunity for me. I will take every penny I can find between the couch cushions and use it to buy the following stocks: TSLA, SPCX, UBER, AMZN, SHOP, MSFT, GOOG, AAPL."Jason also predicted what will happen next, in the following order:1. The Democratic Party will force the United States to withdraw from Iran. President Trump will declare victory the way George W. Bush once did with "Mission Accomplished," and will present it as an achievement in his political legacy.2. The inflation rate will fall.3. The Democratic Party will shift to supporting the development of data centers and the AI industry. In exchange, they will demand the repeal of tax cuts for the wealthy and impose certain regulations on frontier AI models.4. President Trump will take credit for the deal. This will become the second victory in his political legacy.5. The ballroom will be completed. Trump will hold a year-long raucous party. This will become the third victory in his political legacy.6. A massive pardon extravaganza (Pardon Palooooooza)! The autopen will be busy until it is smoking.7. The stock market will hit a cyclical high and keep setting new all-time records.

According to MSX.COM data, AI supply chain-related assets weakened overall over the past 24 hours: LITE fell 18.7%, down 5.4% in 1 hour, currently at 510.15 USDT; CRDO fell 18.1%, down 5.5% in 1 hour, currently at 111.58 USDT; AMD fell 17.5%, currently at 403.1 USDT; AMAT fell 13.6%, currently at 319 USDT; AVGO fell 10.5%, currently at 291.8 USDT.

Odaily: US stocks experienced a broad selloff, with the tech-heavy Nasdaq Composite and Nasdaq 100 indices leading the declines. The S&P 500 fell 2.7%, the Nasdaq dropped about 4%, and the Nasdaq 100 fell 4.52%. The S&P 500 broke below its 100-day moving average and September low, while both the Nasdaq Composite and Nasdaq 100 fell below their 200-day moving averages. A short-term rebound would require reclaiming these key technical levels.The AI supply chain was hit by a broad selloff, with losses spreading from chips and storage to data center networking equipment, optical communications, AI cloud computing, and power suppliers. Storage stocks including SanDisk (SNDK.O), Western Digital (WDC.O), Micron Technology (MU.O), and SK Hynix (SKHY.O) fell over 10%; chip stocks including AMD (AMD.O), Qualcomm (QCOM.O), and Arm (ARM.O) dropped more than 10%; data center connectivity and optical communications stocks including Astera Labs (ALAB.O), Lumentum (LITE.O), Coherent (COHR.O), Credo (CRDO.O), and Marvell Technology (MRVL.O) fell over 10%; semiconductor equipment stocks including Lam Research (LRCX.O) and Applied Materials (AMAT.O) declined more than 10%; AI cloud computing and data center power suppliers including Nebius (NBIS.O), CoreWeave (CRWV.O), and Bloom Energy (BE.O) also dropped over 10%, with Bloom Energy and SanDisk falling nearly 18%.Market breadth deteriorated in tandem, with declining stocks on the Nasdaq outnumbering advancers by nearly 4 to 1, on the NYSE by about 2.5 to 1, and on the S&P 500 by roughly 1.6 to 1, indicating the selloff has spread from large-cap tech stocks to the broader market.

Odaily reports: According to MSX.COM data, the U.S. stock market's AI hardware supply chain suffered massive sell-offs, with chip, storage, semiconductor equipment, and optical communications sectors all declining across the board. The Philadelphia Semiconductor Index fell 10.14%, down 13.67% cumulatively since the beginning of the month.On individual stocks, among chip stocks, AMD fell 15.51%, Nvidia dropped 7.86%, TSMC declined 9.23%, Broadcom fell 8.41%, and Arm dropped 12.66%; the storage sector saw even more significant declines, with Micron Technology down 14.72%, SK Hynix down 12.50%, SanDisk down 19.27%, Western Digital down 16.06%, and Seagate Technology down 15.38%.The semiconductor equipment and optical communications sectors also came under pressure, with Marvell Technology down 12.92%, Lumentum down 15.52%, Coherent down 15.20%, Applied Materials down 10.29%, Lam Research down 12.09%, and ASML down 7.67%.

Odaily reports: According to MSX.COM data, the U.S. AI hardware supply chain suffered a broad sell-off, with chip, memory, semiconductor equipment, and optical communications sectors all falling sharply. The Philadelphia Semiconductor Index dropped 7.25%.Among chip stocks, AMD fell 12.94%, Nvidia dropped 5.33%, TSMC declined 6.99%, Broadcom fell 5.35%, Intel dropped 8.12%, Qualcomm declined 9.00%, and Arm fell 10.65%.Among memory and hard drive stocks, SanDisk fell 13.77%, Western Digital dropped 12.78%, Seagate Technology declined 12.74%, Micron Technology fell 10.78%, and SK Hynix dropped 9.41%.Among semiconductor equipment and optical communications stocks, Marvell Technology fell 10.03%, Lumentum dropped 12.21%, Coherent declined 10.53%, Applied Materials fell 7.15%, Lam Research dropped 8.66%, and ASML declined 5.98%.

Odaily reports that the Korea Blockchain Industry Promotion Association (KBIPA) has formally submitted a comment letter on the amendment to laws related to tokenized securities to South Korea's Financial Services Commission, proposing 9 major modification suggestions and 10 technical correction opinions, and additionally proposing 6 suggestions for future legislative reference, including: expanding the scope of distributed ledger participants to allow qualified third-party technology companies to operate verification, consensus, and query nodes, while retaining the authority to record securities information and ledger management responsibilities with existing participating institutions.In addition, KBIPA recommends allowing settlement asset issuance and clearing institutions such as the Bank of Korea to participate in node operations within the necessary scope, reserving space for the future realization of delivery versus payment (DvP) for securities and funds. At the same time, the procedures for changing distributed ledger operating standards need to be clarified; if an existing ledger no longer meets regulatory requirements, tokenized securities should be allowed to migrate to another compliant ledger first, rather than being directly converted into ordinary electronic securities. (Edaily)