Silicon Valley bigwigs show a subtle shift in attitude: AI development cannot rely solely on Trump.

Driven by concerns over tightened regulations on AI data centers stemming from the U.S. midterm election results, South Korea’s stock market plummeted on November 5, with both the KOSPI and KOSDAQ indices triggering market stabilization mechanisms the same day. Semiconductor and AI infrastructure-related stocks suffered heavy losses. As of 14:25 Beijing time, the KOSPI fell 5.5% to 5,371.41 points, while the KOSDAQ dropped 5.11% to 678.4 points. Samsung Electronics saw a temporary 7.8% decline, SK Hynix fell 9.81%, and power equipment firms Hyosung Heavy Industries, HD Hyundai Electric, and Samil Electric dropped 10.1%, 7.53%, and 12.84% respectively. Market concerns center on the Democratic Party’s landslide victory in the U.S. midterm elections, which may lead to stricter regulations on data center approvals, grid access, and power costs. This could cause delays in some AI data center projects, further impacting capital expenditure plans of hyperscale cloud providers and lowering demand expectations for storage chips including HBM and DRAM. Some analysts point out that delays in data center construction may push back the realization of cloud revenues for large tech companies and increase financing pressure for highly leveraged AI infrastructure firms. However, some hold that even with Democratic control of Congress, it will be difficult to easily alter the overall direction of U.S. AI investment, so the actual impact may be limited.

Binance has announced the launch of its second-phase Community Rewards Savings Campaign. Eligible users can enjoy up to 10% annual percentage rate (APR) on flexible USDT savings, and participate in splitting a 40,000 USDC reward pool and $500,000 worth of SXT rewards. The campaign is divided into four parts: 1. Flexible USDT Savings: Running from November 5 to November 24, regular users receive the real-time base APR plus a 7% tiered bonus APR, while VIP 1 to VIP 3 users get an additional 8%, and VIP 4 to VIP 9 users get an extra 9%. 2. VIP Dual Investment Rewards: Running from November 5 to December 4, VIP 1 to VIP 9 users can split the 40,000 USDC reward pool based on their average subscription amount for Dual Investment, with a maximum individual reward of 5,888 USDC. 3. SXT Locked Savings: Running from November 5 to February 2, 2027, it offers 12.9% APR for 14-day terms and 25.9% APR for 30-day terms, with each term having a $200,000 worth of SXT reward pool. 4. Simple Earn Leaderboard: Running from November 5 to December 4, users earn points by subscribing to flexible and locked products of ETH or SXT, and participate in splitting a $300,000 worth of SXT reward pool, with the top-ranked user receiving 4.5 million SXT. The Flexible USDT Savings and part of the SXT rewards in this campaign follow a first-come, first-served mechanism. For specific eligibility and rules, please refer to Binance's official campaign page.

Beating AI News Brief, November 4: Meituan co-founder Wang Huiwen revealed on Chinese social platform Jike that AirBuild is his latest investment project. His family office Lollapalooza Capital has also added YellowPlus, the entity behind AirBuild, to its investment portfolio. AirBuild aims to let AI handle the full lifecycle of iOS app development and launch: when users describe their needs, specialized AI Agents for product, design, and engineering collaborate to complete requirement planning, interface design, and native iOS code. A key feature is its automatic App Store review handling: the AI prepares app screenshots and descriptions, submits for review, and if rejected by Apple, parses feedback, modifies code or supplementary materials, responds to reviewers, and resubmits—cutting down developers’ manual work. AirBuild’s founder and CEO is Hwang, who previously led product design for open-source knowledge management tool AFFiNE, was an early member of AI Agent product Bridge, and independently developed Lofi. and Sleepy Coffee, both featured by Apple’s App Store editors. Currently invitation-only, AirBuild requires users to apply for testing access first. Its free tier supports AI Agent collaborative iOS app development, program building, and website hosting, but users must provide their own AI model API keys. The paid tier offers more cloud resources and model quotas, plus extra features like TestFlight beta distribution, automatic App Store review submission, and modifying/resubmitting based on Apple’s feedback. Since exiting Light Years Beyond in 2023, Wang has invested in multiple AI firms, including notable ones such as Moonshot AI (parent of Kimi), Butterfly Effect (developer of Manus), SiliconFlow, Aispeech, and Sand.ai.

Serenity issued a statement noting that AI companies should now consider appointing dedicated representatives on the X platform to directly respond to and counter misleading narratives that may impact the valuation of the AI ecosystem and enterprises’ financing capacity. Serenity pointed out that exaggerating AI industry risks is driven by huge profit motives: on one hand, executives of well-funded companies may benefit from the collapse of competitors; on the other hand, some institutions may attempt to profit by shorting or deleveraging AI-related trades. It argues that AI companies should not wait until quarterly earnings reports are released to clarify false rumors such as overcapacity and delayed data center construction, but should speak out in a timely manner to prevent misinformation from continuously affecting market expectations.

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.

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.