World Bank forecasts a 23% increase in commodity prices by 2026, with a projected 7% decline next year.

Bank of America clients net sold $3.5 billion in U.S. stocks last week, following a $15 billion outflow the prior week. According to Bank of America analysts Jill Carey Hall and Trey Brown, retail investors led the sell-off. The communication services sector recorded its largest weekly outflow since tracking began in 2018, impacting the industry including Meta. The industrial sector also saw heavy selling, marking its 13th consecutive week of outflows.

Ibis has announced the end of its stealth mode, securing a $250 million credit line from FalconX while also closing its pre-seed financing round. The round was led by FalconX, with participation from executives at institutions including Anchorage Digital, Innovating Capital, Erebor, Revolut, Injective Foundation, Selini, and Pyth; the specific amount was not disclosed. Anchorage Digital Bank serves as Ibis' custody, banking, and design partner, with collateral held under the bank's regulated custody framework. Ibis is an on-chain credit platform responsible for originating, tokenizing, risk managing, and servicing structured credit, initially focusing on crypto and prediction markets, with plans to expand into GPU, robotics, and venture capital sectors later.

Circle has submitted comments to the U.S. Securities and Exchange Commission (SEC) regarding its proposed crypto asset regulatory rules. Circle supports the proposal’s goals of fostering innovation under clear rules while preserving the strengths of U.S. capital markets, including transparency, investor protection, market integrity, liquidity, and efficiency. Circle also recommends that crypto asset regulatory rules align with the GENIUS Act. Given that payment stablecoins are increasingly serving as key consideration and settlement assets for on-chain capital formation, Circle requests the SEC to clarify how GENIUS Act-compliant payment stablecoins may be used for these purposes. The letter further asks the commission to clarify that eligible payment stablecoins qualify as “cash” under proposed Rule 302(b), warranting appropriate U.S. dollar valuation treatment, and compliance with corresponding accounting and customer reserve requirements. Circle also recommends reducing the current 2% broker-dealer discount for GENIUS-compliant payment stablecoins to zero, provided objective safeguards are in place. Finally, Circle requests the SEC to clarify that technical services provided after a network goes live—including maintaining a known set of validator nodes—do not constitute necessary administrative work. Establishing a safe harbor rule for technical roadmaps would allow issuers to continue maintaining and improving operational networks without inadvertently triggering related regulatory scrutiny.

According to mempool data, a Bitcoin solo miner has mined block 973,413, taking the full 3.14 BTC block reward, valued at approximately $250,000 at current market rates. Relevant details show the mining rig has a hashrate of just around 6.5 TH/s. Technicians speculate the "lucky" rig is very likely a Canaan Avalon Nano 3S. Public information notes the Nano 3S is only router-sized, with a power draw of 140 watts. Compared to the hashrate of professional mining rigs such as the S21 XP (270 TH/s), the winning rig’s hashrate is less than one-fortieth of the S21 XP’s.

Members of the Hyperliquid project team announced on Discord that Hyperliquid Labs will unlock 180,000 HYPE tokens today, for distribution to team members on November 6.

According to Bitget's market data, WTI crude oil has risen 2.00% intraday, currently trading at $101.50 per barrel.