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.

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.

The largest single-issue super PAC network in the United States is investing millions of dollars in congressional campaigns across the country. According to data from Public Citizen, crypto-related groups have spent over $200 million on federal corporate politics during this electoral cycle. The industry hopes to replicate the success of 2024, pushing pro-crypto legislators into Congress and continuing to strive for clearer regulatory rules.

According to a report by Bloomberg on October 30, Apple's market value is approximately $5.03 trillion, surpassing NVIDIA's $4.93 trillion, allowing Apple to reclaim its place as the world's most valuable listed company. Although Apple's stock price also fell by 1.2% on that day, NVIDIA's 4.2% decline led to a reversal in rankings, and the market is re-evaluating the returns brought by AI infrastructure investments.