HSBC cuts Arm's target price to $215 and raises Visa's target price to $465.

After Bitcoin broke through $80,000, short-term holders (STHs) began taking profits. Over the past 24 hours, short-term holders transferred 28,690 profitable BTC to crypto trading platforms. Despite facing short-term selling pressure, Bitcoin successfully closed above $80,000 and held above its 21-day and 50-day exponential moving averages (EMAs). This performance is a positive signal for Bitcoin’s short-term trend.

Beating AI News Flash: On the night of the US midterm elections, popular Silicon Valley podcast All-In hosted a live stream where several tech investors discussed the potential impact of a Democratic election win on the AI industry. Host Chamath Palihapitiya expressed concern that AI investment has become a key pillar of US economic growth, and data center construction is heavily reliant on power supply. If Democrats restrict new data centers in regions like Texas, the entire AI industry could face disruption. Host Jason Calacanis argued that the tech industry, which previously actively supported Trump, should now proactively engage with Democrats to collaborate on AI regulatory policies. He also noted that the tech sector’s past repeated messaging about AI potentially causing human extinction and mass unemployment has instead stoked public fear of AI. Brad Gerstner, a regular All-In guest and founder of Altimeter Capital, stated that many incoming Democratic officials only seek greater input on AI regulation, not a full ban on AI. He estimated that 10 to 15 GW of the US’s planned additional data center power capacity by 2027 may not launch on schedule. Remaining bullish on the growth of AI model companies, as an existing investor in Anthropic, he said that even with data center construction headwinds, Altimeter still aims to be one of the largest buyers in Anthropic’s IPO.

According to monitoring by Ai Yi, address 0x4AB…845b8 withdrew 3,000 ETH from a trading platform three days ago at a price of $2,267.83, and bought an additional 3,277 ETH 17 minutes ago at $2,429. Over the three days, the address has built a total position of 6,277 ETH, with total investment exceeding $14.76 million and an average purchase price of approximately $2,352. The current unrealized profit of the position is around $477,000.

According to newly disclosed regulatory filings, between October 30 and November 3 (local time), Berkshire Hathaway—led by legendary investor Warren Buffett, known as the "Oracle of Omaha"—continuously increased its holdings in satellite radio company Sirius XM over three trading days. Specifically, Berkshire bought 744,000 Sirius XM shares at a weighted average price of $28.89 per share on October 30; approximately 67,000 shares at $29.47 per share on November 2; and another 113,300 shares at $30.23 per share on November 3. The three transactions totaled 924,300 common shares purchased, with total spending of roughly $26.89 million. Following the trades, Berkshire’s beneficial stake in Sirius XM rose to around 126 million shares. Sirius XM is a leading North American audio entertainment provider, offering live, on-demand, and curated programming covering music, talk, news, sports, and podcasts, reaching about 255 million monthly listeners across its platforms. The company’s share price has jumped more than 22% in the past five trading days, closing at $33.4 per share on Wednesday local time, with a total market capitalization of approximately $11.2 billion.

Binance announced that it will conduct a dividend adjustment settlement for the USD?-Margined SAMSUNGUSDT Perpetual Contract starting at 14:00 Beijing Time on November 6, 2026. The adjustment amount is 1,001 Korean won per share, equivalent to -0.037336%. The settlement is expected to last approximately 30 minutes. This adjustment applies to users holding a net position in the contract as of the ex-dividend date (07:00 Beijing Time on September 29). Eligible users can check their specific adjustment amounts by selecting "Special Funding Fee" in the "Transaction History" section. The adjustment amount will be credited to or deducted from users' cross-collateralized U-based contract accounts. Binance reminds users to assess the impact of the dividend adjustment in advance and manage their positions. During the settlement period, the contract's funding rate interval remains unchanged, and it will not be switched to a position-only reduction mode early.

According to Yonhap News Agency, South Korean Finance Minister Lee Hyoung-il announced today that the government plans to delay the crypto capital gains tax, originally scheduled for implementation in 2027, by two years to 2029, and will consult with the National Assembly to advance related legislation. The South Korean government explained that it intends to start exchanging virtual asset tax information with the U.S. in 2029; imposing the tax before that could put the country’s domestic crypto market at a competitive disadvantage. The delay aims to improve taxation mechanisms for both domestic and overseas transactions and enhance tax fairness. Under the current framework, individuals will be subject to a 22% tax rate on annual crypto gains exceeding 2.5 million won (approximately $1,869). If the delay plan is ultimately approved, this will mark the fourth time South Korea has pushed back the implementation of crypto capital gains taxation since it first introduced the policy in 2020. Additionally, the South Korean government plans to study allowing investors to carry forward losses to offset future gains, with a proposed three-year limit; establish a public-private working group to refine tax rules for different transaction scenarios; and advance legislation on digital assets. The government intends to submit the relevant amendments to the National Assembly during the 2027 regular legislative session.