Odaily News: The storage concept in Hong Kong stocks declined, with CSOP 2x Long SK Hynix (07709.HK) down over 17% and CSOP 2x Long Samsung Electronics (07747.HK) down over 14%.

Odaily News: Multiple sources involved in the deal stated that large model company DeepSeek will complete its latest funding round in the near future, with the financing amount increased from the previously planned 50 billion yuan to approximately 100 billion yuan. This is DeepSeek's second funding round, and the proposed financing amount doubled in less than half a month. Among them, the proposed investment amounts from new and existing shareholders each account for roughly half. The doubling of the financing scale did not affect the overall valuation, and DeepSeek's current pre-money valuation remains at approximately 500 billion yuan. New investors in this round include Shixi Capital, SMIC Capital, CPE Yuanfeng, Legend Capital, Geely, and others, predominantly industrial investors. (Caijing Magazine)

Odaily reports: On-chain analyst Murphy posted that as of October 11, the holdings of Bitcoin First Buyers (FB) in this cycle have reached 4.27 million coins, recovering to levels seen in mid-August 2023. Compared to before the market rally began in August of this year, new buyers have accumulated approximately 400,000 BTC over the past two months, accounting for about 2% of the total circulating supply, with an average monthly increase of about 200,000 coins. By comparison, between January and August 2023, new buyers accumulated approximately 340,000 BTC over a period of about 7 months.

Murphy pointed out that the current BTC price is approximately 2.6 times that of the same period in 2023, meaning the capital required for new buyers to accumulate in this cycle is significantly larger than in the previous cycle, reflecting stronger new demand. Additionally, in September, the market saw the emergence of Momentum Buyers (MB) for the first time since January of this year — investors who continue to add to their positions above their own cost basis. Murphy believes that the emergence of such buyers helps boost market confidence and drive upward trends, while during bear market rebounds, momentum buyers typically do not see significant growth.

1. NFT marketplace Blur will discontinue its frontend on November 12, and Blend will stop matching new loans;

2. Yuga Labs Blockchain Vice President: Recommends users immediately revoke Blur contract authorization;

3. UK High Court's ruling on the 61,000 BTC Qian Zhimin case is not final: victims' property rights may still be appealed;

4. Tom Lee: Sharp decline in Korean stocks may spill over into the crypto market;

5. Meta releases Muse Wonder series, claims outperforming Anthropic and OpenAI comparable models on some tasks;

6. US Financial Accounting Standards Board plans to adjust stablecoin accounting rules, tokens can be counted as cash equivalents;

7. Pump.fun co-founder: Will adjust reward algorithm, focusing on reducing incentives for low-quality shilling.

Odaily report: According to Gate data, South Korea's KOSPI index extended its decline to 6%, SK Hynix plunged 9%, and Samsung Electronics extended its decline to 7%.

Odaily News: The BlackRock Investment Institute recently adjusted its US asset allocation, upgrading short-term US Treasuries to overweight, raising long-term US Treasuries from underweight to neutral, ending its nearly six-year underweight stance on US Treasuries. At the same time, the institute downgraded US equities from overweight to neutral and lowered its rating on US agency mortgage-backed securities (MBS).

BlackRock stated that with US Treasury yields rising to their highest levels in more than two decades, current yields have become attractive, and market expectations for further Federal Reserve rate hikes may be excessively high. Currently, the interest rate swaps market reflects expectations of at least 75 basis points of rate hikes over the next 12 months.

Regarding the downgrade of US equities, BlackRock pointed out that capital expenditure and financing needs driven by AI infrastructure buildout are increasing, which could exacerbate short-term volatility in US equities. However, the institute emphasized that this adjustment is aimed at managing near-term risks and does not mean a change in its core long-term bullish view on AI. (Jinshi)

Odaily reports, according to on-chain analyst Aunt Ai, a smart money wallet with a cost basis as low as $3.77 has once again reduced its VVV position after a half-month gap, with estimated profits exceeding $9.848 million per token. Three hours ago, this smart money wallet deposited 100,908 VVV to Coinbase, worth approximately $2.34 million. Over the past four months, this smart money wallet has cumulatively deposited 562,000 VVV at an average price of $21.26, with a total value of $11.97 million; if sold, the return rate would reach 464%.

According to Lookonchain monitoring, AguilaTrades (0x1f25...F925) has accumulated losses of $38 million. Four hours ago, this address opened a 40x leveraged short position on 124.24 BTC, with a notional value of $10.14 million. The unrealized profit is currently $165,000, and the liquidation price is $83,432.22.

Odaily News: The UK High Court has ruled that Chinese investors' claims to property rights over Bitcoin in the cross-border asset recovery dispute involving more than 61,000 BTC tied to the Tianjin Lantian Gerui illegal fundraising case should be determined under Chinese law rather than English law.

However, the ruling may still be subject to appeal. Under English civil procedure, the relevant parties may apply for permission to appeal, asking the Court of Appeal to reconsider the High Court's decision on the applicable law. At the end of the judgment, the judge stated that the court will further hear submissions from the parties' lawyers to determine the specific orders needed to give effect to this ruling.

It is understood that this judgment did not directly find that the Chinese victims hold only creditor's rights, nor did it deny the possibility that they may obtain property rights under Chinese law. The judge explicitly pointed out that no evidence on the specific content of Chinese law has been submitted in this case, nor has the specific evidence of each applicant been examined. Whether the victims can prove under Chinese law that they hold property rights over the Bitcoin at issue must still be resolved in subsequent proceedings.

According to Lookonchain monitoring, as the market declined, a certain address's 500,000 NEAR long position was completely liquidated, with the position valued at $2.64 million.

Odaily: Tom Lee posted on X that the sharp decline in the Korean stock market could spill over into the crypto market, citing broker margin liquidations and the fact that Koreans are major holders of crypto assets, and that the market will come under pressure in the short term.

Odaily News: According to MSX.COM data, U.S. stocks closed with the Dow up 0.38%, the S&P 500 down 0.06%, the Nasdaq down 0.44%, and the VIX fear index up 2.49%. AI-related stocks fell broadly, with SoundHound AI down 7.79%, Astera Labs down 5.29%, Teradyne down 4.68%, Super Micro Computer down 4.48%, and CrowdStrike down 4.37%.

It is reported that MSX is a leading RWA trading platform and has cumulatively listed hundreds of RWA tokens, covering popular U.S. stocks and ETF token assets such as NVIDIA, GOOGL, MSFT, AMZN, META, TSM, and AMD.

Odaily reports, according to the latest data from Gate, the price of gold has fallen to $4,157.84 per ounce, down 0.3% on the day. The price of silver has dropped to $59.894 per ounce, down 0.26% on the day.

In the forex market, the US dollar rose 0.01% against the offshore Chinese yuan (USD/CNH) on the day, with the current exchange rate at 6.69474. The US dollar fell 0.04% against the Japanese yen (USD/JPY) on the day, with the current exchange rate at 158.493.

In global stock indices, the Euro Stoxx 50 Index (EUSTX50) fell 0.29% on the day to 6,187.85 points; the UK FTSE 100 Index (UK100) fell 0.02% on the day to 10,638.9 points; the German DAX 40 Index (GER40) fell 0.09% on the day to 25,208.4 points.

In commodities, WTI crude oil fell 0.13% on the day to $94.28 per barrel. Brent crude oil fell 0.15% on the day to $108.54 per barrel.

Gate supports users in directly trading traditional financial market products within the platform, offering one-stop coverage of multiple asset classes including precious metals, forex, global stock contracts for difference (CFDs), major indices, and commodities, achieving deep integration of crypto assets and traditional financial assets. Gate TradFi-related features have been fully integrated into the Gate App and Web platforms, allowing users to conveniently participate in global asset price trading without switching platforms, unlocking more strategies and opportunities beyond the crypto market and continuously enhancing the multi-asset allocation experience.

Odaily News: The South Korean stock index plunged sharply, prompting the exchange to activate the sidecar mechanism for the KOSPI index.

Odaily reports: According to Hyperbot data, Machi Big Brother's current 25x leveraged long position of 3,500 ETH has an unrealized loss of approximately $415,600, with an average entry price of $2,545.84. The liquidation price of this position is $2,392.90, while ETH is currently trading at around $2,428.51, only about $36 away from forced liquidation.

Odaily News: Bitcoin has fallen below $82,000, with altcoins experiencing significant declines. BOME dropped 30.04% in 24 hours, now trading at $0.000768; BLUR fell 29.48% in 24 hours, now at $0.01349; STRK declined 28.35% in 24 hours, now at $0.08599; PONS dropped 20.35% in 24 hours, now at $0.281; USELESS fell 16.82% in 24 hours, now at $0.16969; ENA declined 15.55% in 24 hours, now at $0.204; NEAR dropped 13.44% in 24 hours, now at $5.039.