Today's top news highlights:
1. Macroeconomic Outlook for Next Week: Non-farm payrolls "hidden," tariff case trial underway, gold enters a seasonally strong period.
2. Berkshire Hathaway, owned by Warren Buffett, has cash reserves of $381.67 billion, a record high.
3. Tom Lee's fund analyst: Five reasons why the current market has not yet peaked.
4. KITE Foundation: Airdrop tracking is now available, and claims will begin on November 3rd.
5. Binance Alpha will list Dino Tycoon (TYCOON) on November 4th.
6. A certain "smart money" investor has achieved a return of 110.59% since opening a 5x leveraged long position in ZEC on October 26th.
7. NFT transaction volume fell by about 30% this week to $95.8 million.
Macro
This week, the market started with a series of potential risks, but these risks were mitigated one by one thanks to the efforts of all parties, and market sentiment temporarily turned positive. The Federal Reserve's hawkish outlook benefited the dollar, with the dollar index rising to a two-month high. All seven major U.S. tech companies delivered positive earnings reports and outlooks, fueling the continued surge in the artificial intelligence boom. Here are the key points the market will focus on in the coming week:
At 22:45 on Monday, the final reading of the US October S&P Global Manufacturing PMI will be released.
At 01:00 on Tuesday, Daly, a 2027 FOMC voting member and president of the Federal Reserve Bank of San Francisco, will deliver a speech;
At 23:00 on Tuesday, the US JOLTs job openings for September will be released.
At 21:15 on Wednesday, the US October ADP employment figures will be released.
At 21:30 on Thursday, the number of initial jobless claims in the United States for the week ending November 1 will be released.
At 00:00 on Friday, Williams, a permanent voting member of the FOMC and president of the New York Federal Reserve, will deliver a speech;
At 01:00 on Friday, Hamak, a 2026 FOMC voting member and president of the Cleveland Federal Reserve, will speak at the Economic Club of New York.
At 5:30 AM on Friday, Paulson, a 2026 FOMC voting member and president of the Philadelphia Federal Reserve, will deliver a speech.
At 06:30 on Friday, St. Louis Fed President Musaleem, a 2025 FOMC voting member, will hold a fireside talk on monetary policy.
At 16:00 on Friday, Williams, a permanent voting member of the FOMC and president of the New York Federal Reserve, will speak at the European Central Bank's monetary market conference.
A large amount of US private sector data will be released next week. Specifically, the often-overlooked JOLTS job openings and Challenger layoffs data will receive due attention, but understandably, all eyes will be on the two ISM surveys and the ADP employment report. A series of weak data releases next week will reignite market expectations for a December rate cut.
North America begins observing daylight saving time today.
According to Jinshi News, starting November 2nd, North America will begin observing winter time. Trading hours for financial markets in the US and Canada (gold, silver, crude oil, US stocks, etc.) and the release times for economic data will be delayed by one hour compared to summer time. Specifically, starting next week, gold, silver, and crude oil will open at 7:00 AM Beijing time, and US stocks will open at 10:30 PM Beijing time. Investors are advised to take note.
Berkshire Hathaway, owned by Warren Buffett, has cash reserves of $381.67 billion, a record high.
According to Jinshi News, Berkshire Hathaway, Warren Buffett's company, has a record cash reserve of $381.67 billion. Net investment income in the third quarter was $17.311 billion, compared to $16.161 billion in the same period last year. As of September 30, 2025, it has 1,438,223 Class A shares outstanding. The company has been a net seller of shares for the 12th consecutive quarter in the third quarter.
According to Jinshi News, Berkshire Hathaway stated that its equity investments have been primarily concentrated in a few companies over the years. As of September 30, 2025, and December 31, 2024, the fair value of its top five holdings accounted for 66% and 71% of the total fair value of its equity investments, respectively. These five holdings are: American Express (AXP.N), Apple (AAPL.O), Bank of America (BAC.N), Coca-Cola (KO.N), and Chevron (CVX.N). Additionally, Berkshire Hathaway also holds common stock in Occidental Petroleum (OXY.N).
California regulators have fined Bitcoin ATM operator Coinhub $675,000 for charging excessive fees.
The California Department of Financial Protection and Innovation (DFPI) has fined Bitcoin ATM operator Coinhub $675,000 for charging customers excessive fees. The fine includes $105,000 to reimburse California consumers who were charged fees exceeding the maximum limit for cryptocurrency ATM usage. This is the fourth time the regulator has taken enforcement action against cryptocurrency ATM operators it has described as profiting at the expense of consumers.
The US government shutdown continues, with three days remaining to tie the longest record.
According to Zhitong Finance, the US federal government shutdown, which began on October 1st, has now entered its 32nd day, setting a new record for the second-longest government shutdown in US history. It is only 3 days away from tying the record of 35 days for the longest government shutdown in US history. Over the past month, American society has been deeply affected by the shutdown. Paying the salaries of over one million US soldiers has become a problem, and approximately 42 million people, representing one-eighth of the US population, faced food shortages in November. However, the two parties remain deadlocked. US Vice President Vance even stated that the shutdown could continue until late November.
The Central Bank of Indonesia will launch Rupiah Digital, a digital version of the Rupiah Bank Indonesia (SRBI) securities, and will roll it out in phases until 2030.
The Indonesian central bank plans a phased rollout, initially testing digital securities issuance, transfers, and withdrawals between 2025 and 2026. Between 2027 and 2028, further testing of monetary operations and financial market transactions will follow, with advanced features such as programmability, composability, and tokenization to be launched between 2029 and 2030. According to the central bank's "Payment System Blueprint 2030," the digital version of the Indonesian rupiah will be built on distributed ledger technology.
The People's Court of Lechang City, Shaoguan, Guangdong Province, concluded a case of fraud involving foreigners. After gaining the trust of the victims, the perpetrators guided them to invest in virtual currency on a fake platform, thereby defrauding them of their money. An investigation revealed that one foreign victim was defrauded of RMB 4,619.9. The Lechang Court sentenced the perpetrators to prison terms ranging from six to eight months, and imposed fines. The judge emphasized that the claim of "only defrauding foreigners" is not a legal exemption; overseas is not a lawless zone, and one should not believe the fallacy that "defrauding foreigners is not illegal."
Opinion
Michael Saylor: My only worry for Halloween this year is not having enough Bitcoin.
Michael Saylor, founder and executive chairman of Bitcoin treasury Strategy, posted on the X platform: "The only thing to worry about this Halloween is not having enough Bitcoin."
Tom Lee's fund analyst: Five reasons why the current market has not peaked.
Mark Newton, an analyst at Tom Lee's fund, tweeted that many people are trying to use common technical indicators to argue that cryptocurrencies have peaked. He personally disagrees with this view for the following reasons:
1) The Elliott Wave structure does not show any signs of topping out.
2) The monthly DeMark signal has not yet appeared.
3) The weakening momentum caused by sideways consolidation will always cause the MACD indicator to turn negative. However, in this case, since there is no wave indicator to confirm the sharp five-wave decline from the high point, the turning of the MACD indicator to negative is not decisive.
4) The medium-term trend has not yet been broken (highs and lows have been rising since 2022).
5) Current market sentiment is far from reaching the levels that typically signal a substantial peak in the crypto market.
CZ: Willing to fund an excellent AI judge assistant project
CZ shared his weekend builder idea on the X platform: an AI judge's assistant. CZ stated, "Train the AI to master written laws and past cases. Then use the AI to suggest judgments for each public case. Laws are public documents. Most court documents are also public, including precedents, statements from plaintiffs and defendants, trial records and final judgments, as well as public opinion. While human decisions can be influenced by emotions, hunger (before or after lunch), personal opinions, or political biases, in theory, AI should be more objective."
“I don’t think any country will adopt this technology anytime soon. Nor is it to say that AI judges will be better. It largely depends on its training level. But it could be a powerful tool for judges, lawyers, and case stakeholders. It would be interesting to observe its development and apply it to things like prediction markets. I don’t think it’s complicated to develop. I would be happy to fund a great AI assistant.”
Sunil, a representative of FTX creditors, tweeted that FTX creditors have not actually received full repayment, with an actual cryptocurrency recovery rate ranging from 9% to 46%. However, considering the higher cryptocurrency price at the time of the 143% payment, the actual recovery rate may be even lower. Additional recovery will come from airdrops to FTX creditors by some projects (outside of the bankruptcy proceedings). Paradex has already airdropped to FTX creditors, and more projects are expected to follow suit.
Project Updates
The KITE Foundation tweeted that the KITE token airdrop tracking is now available, and airdrop collection will begin on November 3rd at 20:00 (UTC+8).
Previously, it was reported that Kite had completed its testnet and NFT snapshots, and 48% of KITE tokens would be allocated to the community and ecosystem.
Binance Alpha will list Dino Tycoon (TYCOON) on November 4th.
According to the official announcement, Binance Alpha will list Dino Tycoon (TYCOON) on November 4th. Eligible users can claim the airdrop using Binance Alpha Points on the Alpha event page after trading opens on Alpha. Further details will be announced separately.
According to official news, Binance announced that the Binance Alpha airdrop will be available at 19:00 (UTC+8) today. Users holding at least 235 Binance Alpha Credits are eligible to claim the tokens. It's on a first-come, first-served basis until the airdrop pool is depleted or the event ends. Further details will be announced separately.
MetaMask tweeted that its MetaMask Rewards Program is now live, designed to provide tangible rewards based on user behavior, similar to existing off-chain rewards programs. Rewards are measured in "points," which can be redeemed for real-world rewards. MetaMask added, "The rewards program and the future TGE will be interconnected, but they are two separate things, both designed to give back to you and the ecosystem in meaningful ways."
ether.fi CEO: We have not accessed any bank card data or users' private information.
In response to the community's claim that "currently 100% of bank card information is transparent to intermediaries," ether.fi CEO Mike Silagadze stated that this claim is incorrect, and ether.fi does not access any bank card data or users' private information.
Previously , EtherFi's CEO stated that an investigation was underway into fraudulent use of EtherFi cards, and all defrauded users would receive refunds.
Important data
NFT transaction volume fell by about 30% this week to $95.8 million.
CryptoSlam data shows that NFT market transaction volume decreased by 30.73% to $95.8 million in the past week. The number of NFT buyers increased by 22.82% to 626,234, while the number of sellers rose by 13.54% to 469,316. The number of NFT transactions decreased by 5.08% to 1,458,311.
Ethereum network transaction volume reached $40.28 million, up 12.94% from the previous week. Bitcoin network transaction volume reached $11.52 million, down 12.12%. Base network transaction volume reached $10.09 million, up 8.73%.
This week's high-value deals include:
- CryptoPunks #8407 sold for $413,469.94 (100 ETH).
- Bored Ape Yacht Club #3105 sold for $359,769.63 (90 ETH).
- V1 Cryptopunks Wrapped #4350 sold for $248,839.14 (62.9 ETH).
- Autoglyphs #256 sold for $222,558.91 (59 WETH).
- CryptoPunks #7378 sold for $212,360.44 (51 ETH).
According to on-chain analyst Ai Yi, a newly emerged insider (i.e., a whale who made huge profits by shorting before the 1011 flash crash) has transferred a total of 1,200 BTC, worth $132 million, to Kraken in the past week. The most recent transfer was 50 minutes ago, when 500 BTC were deposited.
According to on-chain analyst Ai Yi's monitoring, Smart Money 0x519...96a47 initiated a 5x leveraged long position in ZEC on October 26th, holding a total of 21,978.9 ZEC tokens (approximately $9.24 million), making it the top long position in Hyperliquid ZEC. The opening price was $327.47, and the current return rate has reached 110.59%.
