Lookonchain APP

App Store

South Korean stock market triggers 'double circuit breakers' as aftershocks from US midterm elections continue to roil global markets.

55 minutes ago

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.

Relevant content

The 2028 U.S. presidential election is heating up early, with JD Vance reflecting on the Iran War and several Democratic governors in the spotlight.

Shortly after the U.S. midterm elections concluded, both major U.S. political parties have already begun positioning for the 2028 presidential election. For the Republican Party, Vice President JD Vance publicly linked the midterm election losses to the Iran war, proposing four key tasks: ending the war, addressing cost-of-living and inflation, upholding the "America First" agenda, and adjusting U.S.-Israel relations, in an attempt to respond to voters' dissatisfaction with the Trump administration's foreign policy. However, Vance has not yet announced his presidential run, nor has he publicly broken with former President Donald Trump. Figures like Marco Rubio and Ron DeSantis are also listed as potential Republican candidates. For the Democratic Party, its midterm election gains have boosted the political standing of several party figures. Pennsylvania Governor Josh Shapiro, Illinois Governor J.B. Pritzker, Maryland Governor Wes Moore, and California Governor Gavin Newsom have all drawn attention. Georgia Senator Jon Ossoff, following his re-election, has also been included in discussions for a 2028 presidential run, though he has previously stated he has no current plans to run. To date, neither party has formally launched its presidential candidate nomination process. Cost of living, inflation, the Iran war, immigration, and U.S. foreign policy are emerging as core issues for potential candidates to rally intra-party support and win voter attention.

10 minutes ago

After 16 Months, Baidu Unveils Large Language Model Assets Again: 280-Billion-Parameter Wenxin 5.5 Flash Open-Sourced

动察 Beating AI 快讯,百度开源文心 ERNIE-5.5-Flash-Base 模型权重。继 2025 年 6 月文心 4.5 系列之后,百度时隔约 16 个月,再次开源千亿参数级大模型。中间发布的文心 5.0 和 5.1 均未开源。文心 5.5 Flash 主打推理效率,总参数 2800 亿,每生成一个 Token 仅激活 140 亿参数。模型使用 33.5 万亿 Token 从零预训练,支持最高 100 万 Token 推理上下文。百度还重新设计了长文本处理机制。43 层网络中,37 层将每 128 个历史 Token 压缩成一条缓存记录,另外 6 层保留对原始内容的精细检索能力,以降低长文本处理的显存和计算开销。官方将其与 DeepSeek-V4-Flash-Base、腾讯 Hy3-preview-Base、小米 MiMo-V2.5-Base 进行统一评测,30 项基准测试中有 24 项排名第一。本次开放的是未经中训练和后训练的纯文本 Base 模型,主要供开发者继续进行领域微调、指令训练和强化学习。百度表示,经过后训练的文心 5.5 Flash 将随后推出。许可证比上一代更严格。文心 4.5 采用 Apache 2.0 协议,5.5 Flash 改用自定义许可证,不授权在欧盟、英国和韩国使用。相关产品或服务过去连续 12 个月营收超过 5000 万美元,商用前必须另行获得百度书面授权。

10 minutes ago

Bybit’s WSOT 2026 Spot Trading Volume Leaderboard Event Launches Today, With Up to 400 Traders Eligible to Split a Prize Pool of Up to 1 Million USDT.

According to the official page of Bybit’s WSOT 2026, the Global Asset Spot Trading Volume Leaderboard event will officially kick off at 18:00 Beijing Time on November 5, and run through 18:00 Beijing Time on November 26. During the event, participants can boost their cumulative trading volume by engaging in cryptocurrency spot trading and Bybit stock trading (where applicable). Up to 400 traders will split a maximum prize pool of 1,000,000 USDT. Per the event rules, the leaderboard is ranked based on participants’ cumulative trading volume in eligible spot trading pairs and stock trading, with zero-fee trading pairs excluded from statistics. The event is exclusively open to users of Unified Trading Accounts (UTA), including main accounts and sub-accounts. Each user may register with a maximum of 1 main account and 6 sub-accounts. Market makers, institutional users, and users at Pro 3 level or above are ineligible to participate. It should be noted that specific task requirements and participation rules are subject to Bybit’s official event page.

10 minutes ago

Bitget's IPO Prime third-phase project Anthropic has opened VIP round subscriptions, with a historical reference allocation rate of 40% to 80%.

Bitget IPO Prime’s third-phase project Anthropic is now open for VIP round subscriptions, with VIP1 to VIP7 tiered users able to participate using USDT or USDGO. Allotted assets are delivered as rANT, which mirrors ANT’s post-launch economic performance 1:1 via Bitget’s RWA infrastructure. Details of this VIP round are as follows: Subscription period: November 5, 16:00 to November 9, 16:00 (UTC+8) Investment range: $100–$3,000,000 Total investment pool cap: $1 billion Historical reference allocation rate: 40–80% Underwriting service fee: 12% Distribution: 3 to 5 working days after IPO Additionally, the public subscription round will open at 16:00 on November 10 (UTC+8), open to all eligible users. For more details, please refer to Bitget’s official platform.

10 minutes ago

On-chain data tracking platform TradingBeats has rolled out a new version, redefining the reading experience of on-chain transaction information through a news feed format.

BlockBeats' on-chain data tracking platform TradingBeats launched its new version today, upgrading its product format from a dashboard to an information feed. The update is designed to significantly lower the barrier to accessing on-chain transaction information, letting users more intuitively and continuously track the actual operations of on-chain traders. Core highlights of the upgrade include: 1. Shift to an information feed: Users can sequentially browse traders' activities such as position opening, position adding, take-profit, and liquidation, staying updated on their market actions in real time, turning traders' real performance into a public track record. 2. Entity perspective: Merging main addresses and sub-addresses to monitor "what this trading entity is doing" from a more comprehensive angle, including overall position size, allocation, and whether it is adding or reducing positions. 3. Capital flow: Positions tell users where funds are held, while capital flows reveal how funds move—where they originate, which addresses they pass through, and where they flow to; it also shows between which entities funds are transferring, and which funds are converging around the same asset. Looking ahead, TradingBeats aims to act as a bridge connecting traders and followers, allowing traders to build reputation based on their actual trading records, while helping more users discover traders worth following and understand how they judge the market and manage positions. The platform focuses on monitoring data of global popular capital markets including on-chain US stocks, crypto assets, and commodity futures, offering services such as large whale address activity alerts, suspicious insider address analysis, and on-chain TradFi news.

10 minutes ago

Analysis: North Korean IT labor networks infiltrate overseas enterprises using fake identities, with related crypto funds flowing to platforms such as Bybit.

Security firm SlowMist has published an analysis of the U.S. Treasury Department’s latest sanctions targeting North Korean IT labor networks, noting these networks do not merely secure remote work opportunities via fake identities, but instead rely on overseas facilitators, device collection points, and multi-layered financial intermediaries to form a complete operational ecosystem. The associated risks may also extend to corporate internal data and system security. In on-chain fund tracking, SlowMist’s subsidiary MistTrack identified multiple financial links between 8 Ethereum and Tron addresses listed by OFAC. Some addresses directly transferred funds to one another, while several others sent funds to deposit addresses of exchanges including Bybit and HTX. Among these, an Ethereum address linked to Russian citizen Boykov received a total of approximately $470 million in USDC, $463 million in USDT, and $1.022 billion in DAI. SlowMist also noted that a Tron address linked to Boykov transferred 1.4 million USDT to Obertas’s Bybit deposit address; another address sent 1.4 million USDT across 7 transactions, accounting for 86.2% of that address’s total outgoing funds. These on-chain records further reveal financial ties between individuals on the sanctions list. SlowMist warned that North Korean IT laborers typically conceal their true identities and locations through methods such as stolen or forged identities, VPNs, overseas device collection, and “laptop farms”. If companies fail to identify the individuals actually operating devices, they may expose code repositories, customer data, and internal system permissions. The firm advised enterprises to integrate identity verification, device delivery, outsourced personnel management, and system access control into a unified review process; exchanges and custodial institutions should include relevant sanctioned addresses in daily screening and on-chain transaction monitoring.

10 minutes ago

Popular tokens

BitcoinEthereumHyperliquidSolanaTRONBNBTetherAaveXRPPepeFartcoinOndoJupiterUniswapBonkPendleEthenaArbitrumAvalancheLidoChainlinkPolygonDogecoinCardano