Blockchain gaming project ArchLoot has announced the permanent destruction of approximately 44.58 million locked tokens, representing around 4.46% of its total maximum token supply.

Barclays has raised Tesla’s 12-month target price from $370 to $450, upgrading its stock rating from Equal Weight to Overweight, with the new target representing a roughly 21.6% increase from the prior level. The U.S. bank’s analysts noted that Tesla’s improved growth outlook for its core auto business, emerging inflection signs in its Robotaxi segment, and strong demand for energy storage services are all expected to support the company’s valuation. Additionally, expectations of a potential merger between Tesla and SpaceX could also bring a valuation premium, though there remains uncertainty over whether the two entities will ultimately combine. According to market data from BIT (Bit.com), Tesla (TSLA.O) rose nearly 2% in pre-market trading, likely driven by this news.

Beating AI News: ByteDance today launched "Jimu Short Drama Studio", a platform integrating screenwriting, character design, storyboarding, video generation and post-production. Its screenplay model DreamScript supports parsing 100,000-word full-length novels, generating up to 100 consecutive episodes of scripts, and checking plot conflicts and character settings. The storyboard model DreamShot offers a 3D director console, enabling users to adjust camera positions and movements in advance and preview shooting effects. Characters, costumes and scenes from scripts are automatically organized into a material library for reuse in subsequent shots; unsatisfactory shots can be re-shot individually after generation. The feature most suited for short dramas going global is "Remake & Redraw": users upload a completed short drama, and the AI will break down characters, scenes, props and shots, then regenerate visuals based on the target region, art style and aspect ratio, while preserving the original plot rhythm and shot language as much as possible — essentially creating an overseas version by re-filming the original footage. Many of these functions are derived from ByteDance's subsidiary Xiaoyunque. The latter launched its short drama agent in March this year, and rolled out the "Remake & Redraw" feature in August. On October 24, 36Kr reported that Xiaoyunque has been integrated into Jimu, while retaining its independent entry point.

Bernstein raises SpaceX (SPCX.O) price target from $248 to $268. (Jinshi)

Bloomberg Intelligence analyst Mike McGlone noted in a report that gold prices have pulled back to a support level around $4,000 per ounce, while silver is nearing $50 per ounce. However, their performance relative to U.S. Treasuries may have hit an extreme not seen in roughly 40 years, and the trend of precious metals versus U.S. Treasuries may have peaked. McGlone explained that interest rate hikes by most central banks, as well as the correction and volatility in the U.S. stock market, could drive a shift in the relative performance of precious metals to U.S. Treasuries. By contrast, U.S. Treasuries and Treasury bills with yields near 5% may regain appeal.

Bernstein cuts Coinbase (COIN) price target from $330 to $250.

According to official announcements, Bitget, its tokenized US stock protocol Reality, and NASDAQ-listed gold reserve company Aurelion (NASDAQ: AURE) have announced a strategic partnership, with plans to launch the tokenized stock rAURE, where Bitget will act as the primary trading platform for the asset post-launch. rAURE will be issued by Reality and is pegged 1:1 to the underlying US stock asset AURE held in custody. Aurelion is a public company whose main reserve asset is tokenized gold XAU? (Tether Gold). This collaboration will introduce tokenized assets of the NASDAQ-listed gold reserve company into the Web3 trading market, driving the integration of listed company stocks, asset tokenization, and the gold sector. After rAURE’s launch, users will be able to trade it on Bitget 24/5, and combine it with other tokenized stocks and digital assets to expand cross-asset trading scenarios, enhancing asset allocation flexibility and capital utilization efficiency.