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2026/11/02
Musk Restricts Grok Bot Usage Due to Unsustainable Costs
CoinMarketCap reports:Over the Halloween weekend, some Grok Bot users woke up to find something particularly “spooky”: their weekly usage allowance had been unexpectedly exhausted, despite not having used SpaceX’s proxy AI during the night. Several users on X reported that their usage progress jumpe
US Manufacturing PMI Rises to 55.5 in October, Marks 10th Month of Expansion
US manufacturing activity strengthened in October, beating expectations and extending its expansion streak to 10 consecutive months. Strong domestic demand and increased business investment supported factory production. However, rising input costs continued to threaten the country’s inflation outloo
Alphabet Launches €6 Billion Bond Sale Amid Stock Market Wipeout
Key takeawaysAlphabet launches €6 billion seven-part European bond saleInvestor orders exceed €17 billion despite stock crashAI spending and borrowing costs face growing scrutinyAlphabet launched a €6 billion ($6.9 billion) European bond offering on November 2, just days after Google's parent compan
Strategy Allocates More to STRC Buybacks Than Bitcoin Purchases in Latest Week
Michael J. Saylor’s Strategy (Strategy) allocated far more capital to buying back its STRC preferred shares than it spent on expanding its Bitcoin position last week, according to an SEC filing. The latest figures underscore how Strategy is balancing treasury management and its funding structure at
Onchain Researcher Reports $6.8M in Assets Frozen Following Mercado Bitcoin Security Incident
Nearly $7 million in assets linked to the security breach at Brazilian crypto exchange Mercado Bitcoin have been frozen, onchain researcher Specter said Nov. 2, as blockchain records show actions extending beyond Tether's USDT to Circle's USDC and Paxos's gold token.“With contributions from security
California’s Prop 40 Sparks Wealthy Exodus, But Palmer Luckey Vows to Stay
CoinDesk reports:California’s proposed millionaire’s tax has prompted some ultra-wealthy individuals to relocate to other states, but tech entrepreneur Palmer Luckey has chosen to stay. Despite opposing the bill, the 34-year-old co-founder of Oculus VR and Anduril believes it’s worth remaining in Ca
Strategy Buys $65.5M in Bitcoin as Michael Saylor Predicts Return to $100K
Strategy has returned to Bitcoin accumulation, purchasing 811 BTC for $65.5 million despite continued market weakness. Bitcoin traded near $77,765.90 on November 2, while Michael Saylor maintained expectations of a recovery above $100,000. The latest acquisition increased the company’s holdings to 8
Base Announces November 5 Denim Upgrade with 200ms Native Blocks
TL;DRBase lists November 5 at 18:00 UTC for mainnet activation.Denim introduces native blocks at a 200-millisecond cadence.Applications using Flashblocks must prepare for a different stream.Base has put a specific time on its next network upgrade: November 5 at 18:00 UTC. The network’s status notice
uniQure Gene Therapy for Huntington's Disease Gets FDA Priority Review
The U.S. Food and Drug Administration accepted uniQure NV's Biologics License Application for ifezuntirgene inilparvovec, an investigational gene therapy targeting Huntington's disease. uniQure submitted the application through the Accelerated Approval pathway. The FDA granted Priority Review and as
Brazilian exchange Mercado Bitcoin to cover $40M hack loss; customers unaffected
Odaily Planet Daily reports that Mercado Bitcoin stated it will bear the $40 million loss resulting from the hack, with customers expected to suffer no financial impact. The exchange said the attack targeted a hot wallet, was swiftly contained, and that it is currently investigating the incident, tr
NYSE partners with Broadridge to enable on-chain shareholder voting for tokenized stocks
ChainCatcher report, according to CoinDesk, the New York Stock Exchange (NYSE) has announced a partnership with Wall Street financial services giant Broadridge Financial Solutions to provide on-chain governance and digital transfer agent services for its planned tokenized stock trading platform, cov
SBI to Invest $100 Million in U.S. Digital Bank Erebor
ChainCatcher report: Japanese financial group SBI plans to invest $100 million in U.S. digital bank Erebor. SBI stated that Erebor’s deposit volume exceeded $7 billion in September. Erebor is a U.S. digital bank that supports blockchain settlement outside regular banking hours, enabling on-chain fun
Mercado Bitcoin Hacked; Hacker Holds $46.5 Million in Crypto Assets
Odaily Planet Daily reports that, according to a post by Onchain Lens, Mercado Bitcoin was hacked, and the attacker currently holds $46.5 million in crypto assets across 46 addresses, including 3,680 ETH, 106 BTC, and $8 million in stablecoins. Mercado Bitcoin stated that customer funds and data wer
Onlend Launches No-Code Platform for Custom Onchain Lending Apps
Built by a team with experience scaling a leading DeFi lending protocol, Onlend aims to make it easier for fintechs, asset managers, curators, and asset issuers to build and operate their own lending products.Onlend has publicly unveiled its decentralised infrastructure platform designed to let anyo
China's AI Strategy Focuses on Adoption and Global Reach, Contrasting with US Market Dynamics
The author argues that China is building a healthier, more durable AI ecosystem than the United States by favoring industrial adoption and global reach over stock valuations. The author describes unprecedented concentration of capital and corporate power around hyperscalers led by Microsoft, Alphabe
