Hong Kong stocks rally sharply, the tech index rose more than 4%, NetEase gained over 8%.

Visa announced on November 5 that it will set up six global capability centers at its new solutions hub in Singapore’s Paya Lebar Green, bringing together over 1,500 professionals. The centers will focus on areas including applied AI, agent-based business, digital currencies, stablecoins, programmable payments, digital wallets, cybersecurity, and quantum computing. Visa noted that it will expand research, engineering and innovation-related roles in the future. Institutions including DBS, Nium and StraitsX will participate in the collaboration. The Singapore Economic Development Board said Visa’s investment will create high-value local jobs. Additionally, Visa previously launched USDC settlement services in the U.S., and believes stablecoins have the potential to accelerate cross-border payments and advance the development of programmable currencies.

According to TradingBeats monitoring, Apple (AAPL) saw a sharp rally on Hyperliquid, rebounding to around $350 and erasing all recent losses. During this move, multiple large whale addresses opened significant short positions. One address starting with 0x1367 added a net AAPL short position worth roughly $33.22 million overnight. As of press time, its short position has expanded to approximately 150,000 contracts, valued at around $52.46 million, with an average entry price of $342.83, resulting in an unrealized loss of about $1.026 million. Meanwhile, trader "CBB" net bought roughly $9.753 million worth of AAPL between last night and this morning, currently holding around 28,400 long positions valued at approximately $9.93 million, with an average entry price of $348.17, and an unrealized profit of around $43,000.

Solana-based funding and governance platform MetaDAO announced in a statement that it has launched the MetaDAO Apps funding program, which offers financing to consumer application founders. Unlike traditional financing rounds, the program has a smaller funding scale and a lower proportion of tokens allocated to supporters. Founders can sell earned tokens earlier upon meeting performance milestones and complying with sales restrictions.

U.S. Democrats take full control of Congress, opening a new chapter in Washington’s political landscape, while stocks linked to former President Trump and top Republican donor Elon Musk plunge. Data from the BIT Stock Platform shows Trump Media & Technology Group (DJT) closed 24.54% lower on Wednesday, hitting a post-IPO low; its U.S. after-hours trading is currently up 1.56% at $4.56. Tesla was the worst-performing stock among the Magnificent Seven, closing down 3.34%, while SpaceX fell 3.81%.

According to TradingBeats' monitoring, ZHIPU and MINIMAX tokens on Hyperliquid have gained roughly 12.9% and 14.2% respectively over the past 24 hours, currently trading at $61.61 and $21.86. Statistics for positions worth at least $100,000 show: For ZHIPU, only 2 of 6 long positions are in unrealized profit, with a total unrealized loss of about $1.83 million and a weighted average entry price of $75.66. The weighted average entry price for 14 large short positions stands at roughly $77.11, providing an overall profit buffer; however, two of these shorts have a cost price less than 1.1% away from the current level, nearing the break-even line. For MINIMAX: 2 of 3 long positions are in unrealized profit, with a small total unrealized loss of around $8,792 and a weighted average entry price of $22.21, meaning longs are approaching break-even. The weighted average entry price for 5 large short positions is $34.36, with a total unrealized profit of approximately $550,000.

According to Lookonchain's monitoring, Trump Media transferred 4,259 BTC to Crypto.com approximately 40 minutes ago, valued at around $343.67 million.