U.S. Republican Congressman Massey is pushing for impeachment proceedings against Secretary of Defense Hegseth. He stated on Monday that Hegseth will no longer hold his position before the New Year. In an interview with CNN, Massey expressed that he believes 'the likelihood of Peter Hegseth leaving before December 31 of this year is very high.' Hegseth's decision to hold a press conference indicates that he feels scared.
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Rep. Massey: Secretary Hegseth 'Likely' Won't Last Until Year-End
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Musk: Shareholders Should Vote on Huang Renxun's Dismissal After Investigation
On November 12, Gavin Baker, a veteran investor in the semiconductor field and founder and investment director of Atreides Management, stated, "Alternatively, a shareholder vote could be held after the investigation concludes. The Wall Street Journal reported that Nvidia's board is preparing to dismiss Huang Renxun. Following this news, the company's stock price fell 8% in after-hours trading. In this situation, it is difficult to argue that the decision to dismiss Huang Renxun is in the best interest of shareholders." Musk responded by saying, "Indeed." Additionally, some netizens called for Musk to hire Huang Renxun, to which Musk replied, "It would be my honor." -
Wang Yi Talks with U.S. Secretary of State Rubio
Wang Yi, a member of the Political Bureau of the CPC Central Committee and Foreign Minister, spoke on the phone with U.S. Secretary of State Rubio on the 11th. The two sides had an in-depth exchange of views on China-U.S. relations and interactions between the two heads of state, describing the call as positive and constructive. Wang Yi stated that President Xi Jinping's visit to the U.S. in September was smooth and successful, and both heads of state agreed to enrich the connotation of the new positioning of China-U.S. relations, providing clearer strategic guidance for exploring the correct way for the two countries to coexist. The stability of China-U.S. relations is hard-won and represents a rational choice made by two major powers based on their respective and common interests. China maintains stability and continuity in its policy towards the U.S. and is willing to strengthen communication and cooperation with the U.S. side, properly handle differences and sensitive issues, and mutually support the successful hosting of the 2026 APEC Leaders' Informal Meeting and the G20 Leaders' Summit, promoting the implementation of constructive strategic stability in China-U.S. relations. (Xinhua News Agency) -
Dollar Index Rises to Highest Level Since April Last Year
On November 11, it was reported that the Dollar Index (DXY) surpassed last month's previous high, reaching its highest level since April of last year at 102.95. -
CoreWeave's Strong Performance and Positive Anthropic IPO Boost AI Infrastructure Stocks
On November 11, stocks related to AI infrastructure, including storage, optical communication, AI chips, and cloud vendors, saw a collective rise. AXT Inc surged over 13%, NEBIUS and CoreWeave rose over 12%, Lumentum increased by over 9%, SanDisk approached a 9% rise, while SK Hynix, Coherent, and Applied Optoelectronics gained over 7%. Micron Technology and Marvell Technology rose over 6%, and Oracle, Broadcom, Corning, and Western Digital increased by over 5%. Nvidia and AMD saw gains of over 3%. In news, CoreWeave reported strong third-quarter results and raised its full-year guidance, temporarily alleviating market concerns about a slowdown in AI infrastructure demand. Revenue for the period grew approximately 168% year-on-year to $3.661 billion, exceeding analysts' expectations of $3.56 billion. CoreWeave's CEO noted that the company's growth was supported by various financing channels, including customer contract-based financing and approximately $9 billion in customer prepayments and margins. CoreWeave raised its revenue guidance range to between $13 billion and $13.3 billion, with adjusted operating profit guidance increased to between $1.275 billion and $1.375 billion. Additionally, Anthropic's IPO roadshow has received strong subscription interest, with the underwriting team led by Goldman Sachs and Morgan Stanley considering raising the offering price to over $78 per share, potentially pushing the target valuation to $1.5 trillion or higher. The total funds raised from this IPO are expected to exceed $100 billion. -
U.S. Stock Market Opens Higher; CoreWeave Surges Over 16%, NVIDIA Rises Nearly 3%
On November 11, U.S. stock market indices opened higher across the board, with the Nasdaq up 1.53%, the S&P 500 rising 0.93%, and the Dow Jones increasing 0.14%. NVIDIA saw a nearly 3% increase, as Goldman Sachs stated that the semiconductor sector has entered an 'oversold' zone, making NVIDIA's valuation attractive. Google A shares rose over 1%, as Anthropic disclosed a new $11.4 billion cloud computing agreement with Microsoft and Google ahead of its IPO. CoreWeave surged over 16%, with Q3 revenue soaring 168% year-on-year and an upward revision of its full-year performance guidance. -
BTC Surpasses $74,000
Market data shows that BTC has surpassed $74,000, currently reported at $74,012.83, with a 24-hour decline of 1.22%. The market is experiencing significant fluctuations, so please ensure proper risk management. -
US Spot Bitcoin ETF Sees $95 Million Net Outflow Yesterday
On November 11, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $95 million yesterday. -
US Spot Bitcoin ETF Sees $95 Million Net Outflow Yesterday
On November 11, according to monitoring by Trader T, the US spot Bitcoin ETF experienced a net outflow of $95 million yesterday. -
BitMine Reports Net Loss of Approximately $6.313 Billion for Fiscal Year 2026, Primarily Due to Unrealized Losses on Digital Assets
On November 11, BitMine (BMNR), an Ethereum treasury company, disclosed in its 10-K annual report submitted to the U.S. Securities and Exchange Commission that it recorded a net loss of approximately $6.313 billion for the fiscal year ending August 31, 2026, compared to a net profit of $349 million in the previous fiscal year. The loss was primarily attributed to changes in the fair value of digital assets, with the company reporting approximately $6.229 billion in unrealized losses on digital assets for the year, mainly due to a decline in the fair value of ETH. BitMine's total revenue for the year was approximately $125 million, with staking and validation services contributing about $121 million, accounting for approximately 97% of total revenue. As of the end of the fiscal year, the company held 5,901,837 ETH and 211 BTC, with an ETH holding cost of approximately $19.948 billion and a fair value at the end of the period of about $14.559 billion. Additionally, according to a holding update released by BitMine on November 9, as of November 8, the company's ETH holdings had increased to 6,070,092, representing approximately 4.97% of the ETH supply, of which 5,227,037 ETH had been staked. -
Fed Official Paulson Advocates Gradual Policy Tightening
On November 11, Anna Paulson, President of the Philadelphia Federal Reserve Bank, expressed her support for a gradual increase in interest rates, adding that wage pressures are limited and inflation expectations remain aligned with the central bank's 2% target. During an event organized by the Philadelphia Fed on Tuesday, Paulson stated, "At this point, further gradual tightening of policy seems appropriate." She further noted, "If inflation expectations rise, wage pressures increase, or underlying inflation trends higher, I would want to act more quickly. But for now, I have not seen that situation." Last month, Fed officials kept the benchmark interest rate unchanged in the range of 3.75% to 4%, following a 0.25 percentage point increase in September. Since the October meeting, several policymakers have indicated that further tightening is necessary to control inflation within the 2% target range. Paulson remarked, "Not acting at one meeting is a matter of pace, not direction. There may still be more work to do. But I tend to favor gradual tightening when conditions allow." She added that slowing the pace allows households, businesses, and the financial sector time to adjust, while also giving policymakers time to assess data. She stated, "When the policy direction is clear, a gradual approach works best. If the market expects further tightening, then a gradual approach will not leave us behind our intended targets." (Sina Finance)
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