Michael Selliger, chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the $6.4 billion hack incident at Binance “precisely demonstrates” the necessity of the crypto market regulations proposed by the agency this month. He described the attack as being more likely caused by a vulnerability introduced through a laptop rather than a flaw in the blockchain itself; however, Binance later indicated that the investigation had uncovered “more entry points” for the attack.

Amazon and Intel's financial reports disappointed the market. Investors are increasingly skeptical about the returns on the huge AI expenditures of these tech giants. All three major U.S. stock indices closed lower, with tech stocks leading the decline, while energy and essential consumer goods sectors performed strongly against the trend. Driven by the Middle East situation, crude oil prices rose to a six-month high; U.S. Treasury yields fell, gold dropped to a one-year low, and Bitcoin lost its support below $77,000.

The author tried out Apple's new iPhone Duo during a five-day vacation. Initially, due to application issues, Touch ID, and the camera, among other factors, they considered returning to their original iPhone. However, by the end of the trip, they changed their mind, finding that although this foldable phone has its shortcomings, it is indeed fascinating.

On October 29, Binance was attacked by hackers, with an estimated loss of $6.3 billion, which has drawn external attention to the recovery of stolen funds, the exchange's compensation commitments, and the lack of a similar deposit insurance protection mechanism for crypto assets like FDIC. Experts say that whether an exchange compensates usually depends on its own willingness and financial capability, and while self-hosting by individuals can reduce some platform risks, it also brings new security hazards.

Apple officially announces the integration of Alibaba Qianwen into Apple Intelligence, with testing to begin on November 4th; The world's first integrated space computing power cloud platform is launched in Beijing, covering computing resources from over 40 satellites; The 2026 China Automation Conference opens in Beijing, with 65 parallel conferences held during the same period, covering areas such as embodied intelligence, world models, large model multi-agent systems, and AI empowerment.