Microsoft joins the ranks of companies taking on heavy debt amid the AI boom, planning to raise at least $25 billion through U.S. bond issuance.

According to data from the BIT Stock Platform, when US stock markets opened, the Dow Jones Industrial Average fell 0.2%, the S&P 500 dropped 1.1%, and the Nasdaq plummeted 2.2%. Tech stock sell-offs continued: Intel (INTC.O) plunged 25.7% as the PC downturn crushed recovery expectations and weighed on free cash flow. Amazon (AMZN.O) fell 5.3% with its Q4 outlook coming in below expectations. Nvidia (NVDA.O) dropped 2.5%. A host of new cloud firms also declined, with Nebius (NBIS.O) down 7.3%. Gold and silver sectors slumped, while some oil stocks gained; ExxonMobil (XOM.N) rose 1.5%.

According to data from the BIT Stock Platform, U.S. stocks opened, with Neocloud, semiconductor, optical communication, and storage stocks all declining across the board. Among semiconductor stocks, Intel (INTC) fell 29.35%, AMD dropped 10.22%, Arm (ARM) declined 10.01%, Marvell Technology (MRVL) fell 7.36%, and NVIDIA (NVDA) dropped 3.11%. Neocloud stocks saw the steepest declines: Hut 8 (HUT) fell 10.20%, Cipher Digital (CIFR) down 9.38%, CoreWeave (CRWV) declined 9.24%, TeraWulf (WULF) dropped 9.18%, Nebius (NBIS) down 8.81%, and Core Scientific (CORZ) fell 8.59%. Optical communication concept stocks also moved lower, with Coherent (COHR) falling 9.04%, Applied Optoelectronics (AAOI) down 8.90%, Astera Labs (ALAB) declining 7.73%, Ciena (CIEN) dropping 7.55%, and Nokia (NOK) down 7.38%. Storage stocks all fell across the board: SanDisk (SNDK) dropped 9.26%, SK Hynix (SKHY) down 6.97%, Micron Technology (MU) declined 5.56%, Western Digital (WDC) fell 5.51%, and Seagate Technology (STX) down 5.21%.

Fed's Barkin said gradual interest rate adjustments are a feasible approach. The Fed's policy direction is clear, and the issue lies in the pace.

Oct 30 Update: #Bitcoin ETFs: 1D NetFlow: +395 $BTC(+$30.47M)?? 7D NetFlow: +3,503 $BTC(+$270.52M)?? #Ethereum ETFs: 1D NetFlow: -27,947 $ETH(-$62.28M)?? 7D NetFlow: -109,709 $ETH(-$244.49M)??

PancakeSwap released a statement noting it was not impacted by today’s Binance security incident, with its contracts and services operating normally. The protocol’s team is closely monitoring the situation. PancakeSwap also stated its support for Binance’s team and all parties involved in responding to the incident, and thanked ecosystem participants for their efforts to support affected users and protect the community.

The Binance hacker sent ~$3.32M worth of altcoins to the $NEWT token contract address by mistake. The funds are now unrecoverable.