1. Cryptocurrency Market:
- Bitcoin price breaks through the $70,000 mark, setting a new all-time high.
- The spot Bitcoin ETF holdings have exceeded 1 million Bitcoins, valued at over $72 billion.
- BlackRock purchased an additional 12,127 Bitcoins (approximately $877 million), currently holding 429,185 Bitcoins (approximately $31.04 billion).
- MicroStrategy announced a $42 billion capital plan to continue investing in Bitcoin over the next three years.
2. Politics and Economy:
- Former President Trump wishes the Bitcoin community "Happy 16th Anniversary of the Bitcoin Whitepaper," marking the first time a former U.S. president has publicly acknowledged the Bitcoin founder.
- Trump promised to "end Kamala's war on cryptocurrency and Bitcoin" if elected.
- The U.S. Personal Consumption Expenditures (PCE) price index rose 2.1% year-on-year, slightly above expectations, which may influence Federal Reserve decisions.
- The Eurozone's inflation rate for October rises to 2%, higher than the expected 1.9%.
3. Technology and Artificial Intelligence:
- OpenAI launched a new web search feature for ChatGPT, with CEO Sam Altman stating it has doubled the platform's usage.
- OpenAI is collaborating with Broadcom and TSMC to develop its first in-house chip for AI systems.
- Decart AI released a fully playable version of "Minecraft" that renders pixels in real-time using video models without a game engine.
4. Financial Markets:
- The U.S. stock market evaporated $953 billion in a single day.
- UK bond yields hit 4.53%, reaching the highest level since the mini-budget crisis in September 2022.
- The burden of U.S. debt interest has risen to its highest level since the 1990s.
5. Company News:
- JPMorgan agreed to pay $110 million in a settlement to the U.S. Securities and Exchange Commission (SEC).
- Intel reported better-than-expected revenue but acknowledged that AI adoption is slower than anticipated.
- The stock price of self-driving truck startup Aurora plummeted after a delay in commercialization release.
6. International News:
- Mexican lawmakers approved a proposal that will prevent challenges to constitutional amendments, potentially limiting judicial oversight.
- China is reportedly launching a $1.4 trillion large-scale stimulus plan, the largest in history.