Odaily News: While equity investors around the world are still steering clear of the word "rate hike," Bank of America strategist Michael Hartnett has put forward a counterintuitive judgment: if the Federal Reserve chooses to proactively raise rates in October, it would not be a negative, but could instead become the biggest bullish catalyst supporting risk assets and underpinning US stocks.In Hartnett's view, against the current backdrop, if the Fed remains on hold for too long, bond investors will continue to demand higher term premiums, pushing long-end yields further up and ultimately forcing financial conditions to tighten on their own. Conversely, if the Fed proactively raises rates at its October meeting, sending a hawkish signal to curb inflation risks ahead of time, long-end yields could instead stabilize. In that case, the short-term shock from a rate hike may prove less damaging than the greater harm caused by disorderly bond market volatility. (CLS)

Odaily News: Before the U.S. stock market opens, the key market and financial news investors should focus on is as follows:1. The three major U.S. stock index futures showed divergence. Dow Jones Index futures rose 0.95%, S&P 500 Index futures fell 0.03%, and Nasdaq 100 Index futures fell 0.75%.2. International oil prices fell across the board. WTI crude oil futures fell 1.78% to $92.068 per barrel; Brent crude oil futures fell 1.99% to $104.532 per barrel.3. International spot gold and silver fluctuated within a narrow range. Spot gold rose 0.28% to $4,183.29 per ounce; spot silver fell 0.22% to $60.15 per ounce.4. Most of Europe's three major stock indices rose. The UK FTSE 100 Index rose 0.51%, the French CAC40 Index fell 0.08%, and the German DAX30 Index rose 0.10%.5. AMD CEO Su Zifeng expressed strong confidence in the outlook for the CPU market and designated 2026 as the "year of inference." She expects that, driven by agentic AI workloads, the CPU market size will achieve explosive growth in the coming years.6. Applied Materials (AMAT), the largest U.S. semiconductor equipment manufacturer, expects its revenue to double in the coming years. The company is also using AI tools to drive innovation and product R&D, exploring ways to improve semiconductor yield rates.7. Marvell Technology announced the launch of its second-generation Structera X 3406 and 3506 CXL memory expanders, aimed at AI inference applications. The new products are the industry's first six-channel CXL 3.2 memory expanders, with a single controller supporting up to 9TB DDR4 or 6TB DDR5 memory.8. Nvidia and Cisco jointly launched a new ultra-dense small pluggable module (USFP). USFP is the first module to support 400Gb/s electrical signals per channel, with a single module capacity of up to 12.8Tb/s, suitable for next-generation AI factories.9. Samsung Electronics jointly demonstrated a memory expansion solution based on Compute Express Link (CXL) with AMD at the 2026 OCP Global Summit. Samsung also exhibited customized HBM and the new HBM5, as well as compute-in-memory technology.10. Streaming giant Netflix obtained exclusive broadcasting rights for the 2030 FIFA World Cup in Spain and Andorra. Boosted by this, Netflix rose more than 1% in pre-market trading.11. Federal Reserve Governor Waller said that rising U.S. Treasury yields are having a tightening effect on policy and helping to curb demand in some areas of the economy. He also said that hyperscale companies still plan to invest trillions of dollars over the next three years.12. A Bank of America survey showed that investors' allocation to tech stocks has reached its highest level since 2020, and global semiconductor stocks have become the market's "most crowded" trade.

Odaily News: CoinShares noted in its latest biweekly market report that U.S. spot BTC ETFs saw net outflows of $679 million last week, including a single-day net outflow of $485 million on Wednesday, the largest single-day outflow since June; ETH ETFs saw net outflows of $542 million last week, with cumulative outflows of nearly $700 million over nine consecutive trading days. BTC briefly approached $87,000 on October 5, then fell back to around $80,300, before rebounding to around $83,500.The report shows that BTC's correlation with the Nasdaq index has rebounded to about 40%, its long-term average level, while its correlation with inflation-linked bonds continues to strengthen. CoinShares believes that U.S. CPI data to be released this week will be an important variable: if core CPI rises 0.3% month-over-month, it could reinforce market expectations for a Federal Reserve rate hike in October, putting BTC at risk of testing $80,000 again. (CoinShares)

According to Onchain Lens monitoring, a BlackRock ETF-linked wallet transferred $203 million worth of Bitcoin and Ethereum to Coinbase Prime in the past hour, including 860.393 BTC valued at $71.54 million and 52,488 ETH valued at $131 million.

Odaily News: If Democrats win a majority in the House or Senate in the U.S. midterm elections, while it may not necessarily prevent the Trump administration from advancing deregulatory policies for Wall Street banks, prediction markets, and the crypto industry, it would gain stronger investigative and oversight tools.If Democrats control either chamber of Congress, they would have subpoena power, larger investigative teams, and the authority to compel government officials and corporate executives to appear at hearings. Wall Street financial institutions, crypto companies, and related regulatory agencies could face more scrutiny. It is reported that crypto industry figures are particularly watching whether Representative Sean Casten may wield greater influence after Democrats regain control of the House Financial Services Committee. Casten has previously pushed to strengthen crypto regulation and opposed the industry-backed CLARITY Act. (Reuters)

Odaily News: JPMorgan and Goldman Sachs are leading the arrangement of a $5 billion loan underwriting deal for AI cloud services company Volta Infrastructure Holdings (Volta AI), but will only underwrite $1.3 billion of the term loan to reduce their own risk exposure.It is reported that this $1.3 billion term loan transaction will be used to pay for Volta's leasing fees for data centers operated by Bitcoin mining company Bitdeer. As of now, representatives from JPMorgan, Goldman Sachs, and Volta have all declined to comment on the matter. (Bloomberg)

Odaily reports that Nick Johnson, founder of the Ethereum Name Service protocol ENS, has submitted an executable draft proposal requesting that the decentralized autonomous organization (DAO) approve the activation of ENSv2 on the Ethereum mainnet. Once the upgrade is approved, the original ENS registrar will pause new domain registrations, while existing domain holders will still be able to renew.ENSv2 will introduce a more flexible domain management and permissions architecture. After domain record synchronization is complete, new .eth registrations will migrate to the upgraded system, and new registrations on both systems may be paused for several hours during the transition; existing holders will not need to migrate, and their domains will remain fully functional. ENS Labs plans to transfer the remaining administrative permissions of the upgraded contracts to the DAO.The proposal is currently still in draft stage and needs to enter the on-chain DAO voting process. According to governance rules, an executable proposal must secure at least 1 million ENS tokens participating and a majority of support within a 7-day voting period. After approval, it must also undergo a timelock of at least two days. The voting date has not yet been announced. (Cointelegraph)

Odaily Report: Russia's largest bank, Sberbank, has joined the Bank of Russia's cryptocurrency exchange registry, after having been added to the digital depository registry earlier this month.Sberbank plans to open cryptocurrency trading to all customers on December 1, and is currently testing Bitcoin, ETH, and USDT trading within its app. The related business will be subject to stricter regulation, cryptocurrency payments remain prohibited, and starting from July 2027, transactions must be conducted through registered intermediaries. (CoinDesk)

Odaily News: On November 12, from 15:30 to 16:30 (UTC), Gate Founder and CEO Dr. Han will be invited to attend and speak at The Oxford Union. The event will be held at The Oxford Union on St Michael's Street, Oxford, UK. Founded in 1823, The Oxford Union is an independent student debating society with over 200 years of history. It has long invited political and business leaders, renowned actors, Nobel laureates, and other distinguished figures from various fields to speak, and has historically hosted many notable figures including Albert Einstein.As one of the world's leading cryptocurrency trading platforms, Gate was founded by Dr. Han in 2013 and now serves over 61 million users globally, covering asset management, trading, payments, and other financial and lifestyle scenarios. Gate is also continuously expanding its digital financial services footprint, driving the connection between digital assets, fiat currencies, and payment services through Gate Money. Dr. Han's appearance on this international exchange platform will also create new opportunities for dialogue between Gate and global thought leaders and the next generation of talent, continuously expanding the connection between digital assets and traditional finance, and further showcasing Gate's practices and insights in global digital asset industry positioning, product innovation, and compliance development.

Odaily News: AMC CEO Adam Aron has once again posted on X, stating that Robinhood claims to support the SEC's new rules regarding U.S. stock tokenization, and demanding that Robinhood clarify whether its international business will follow the same principles set forth by the SEC. He stated that if Robinhood's offshore business in Jersey does not comply with the relevant principles, it would constitute a distortion and mockery of the correct practices required by the SEC. In the original post, he repeatedly exclaimed "shame, shame, shame," expressing his contempt for Robinhood's refusal to respond directly to the relevant questions.