Meta acquires Conductor: Cloud-based version to be shut down on November 20, original product to be phased out next year.

According to newly disclosed regulatory filings, between October 30 and November 3 (local time), Berkshire Hathaway—led by legendary investor Warren Buffett, known as the "Oracle of Omaha"—continuously increased its holdings in satellite radio company Sirius XM over three trading days. Specifically, Berkshire bought 744,000 Sirius XM shares at a weighted average price of $28.89 per share on October 30; approximately 67,000 shares at $29.47 per share on November 2; and another 113,300 shares at $30.23 per share on November 3. The three transactions totaled 924,300 common shares purchased, with total spending of roughly $26.89 million. Following the trades, Berkshire’s beneficial stake in Sirius XM rose to around 126 million shares. Sirius XM is a leading North American audio entertainment provider, offering live, on-demand, and curated programming covering music, talk, news, sports, and podcasts, reaching about 255 million monthly listeners across its platforms. The company’s share price has jumped more than 22% in the past five trading days, closing at $33.4 per share on Wednesday local time, with a total market capitalization of approximately $11.2 billion.

Binance announced that it will conduct a dividend adjustment settlement for the USD?-Margined SAMSUNGUSDT Perpetual Contract starting at 14:00 Beijing Time on November 6, 2026. The adjustment amount is 1,001 Korean won per share, equivalent to -0.037336%. The settlement is expected to last approximately 30 minutes. This adjustment applies to users holding a net position in the contract as of the ex-dividend date (07:00 Beijing Time on September 29). Eligible users can check their specific adjustment amounts by selecting "Special Funding Fee" in the "Transaction History" section. The adjustment amount will be credited to or deducted from users' cross-collateralized U-based contract accounts. Binance reminds users to assess the impact of the dividend adjustment in advance and manage their positions. During the settlement period, the contract's funding rate interval remains unchanged, and it will not be switched to a position-only reduction mode early.

According to Yonhap News Agency, South Korean Finance Minister Lee Hyoung-il announced today that the government plans to delay the crypto capital gains tax, originally scheduled for implementation in 2027, by two years to 2029, and will consult with the National Assembly to advance related legislation. The South Korean government explained that it intends to start exchanging virtual asset tax information with the U.S. in 2029; imposing the tax before that could put the country’s domestic crypto market at a competitive disadvantage. The delay aims to improve taxation mechanisms for both domestic and overseas transactions and enhance tax fairness. Under the current framework, individuals will be subject to a 22% tax rate on annual crypto gains exceeding 2.5 million won (approximately $1,869). If the delay plan is ultimately approved, this will mark the fourth time South Korea has pushed back the implementation of crypto capital gains taxation since it first introduced the policy in 2020. Additionally, the South Korean government plans to study allowing investors to carry forward losses to offset future gains, with a proposed three-year limit; establish a public-private working group to refine tax rules for different transaction scenarios; and advance legislation on digital assets. The government intends to submit the relevant amendments to the National Assembly during the 2027 regular legislative session.

Bithumb will list MAGMA on its KRW (Korean won) market.

South Korean securities firm Meritz Securities pointed out that memory chip makers currently have far more 2027-2028 orders than their production capacity. Even if the U.S. Democratic Party gains an upper hand in the midterm elections, leading to delays or adjustments in some data center projects, it will not fundamentally reverse the memory chip supply shortage. Meritz noted that this year, memory chip order fulfillment rates (the ratio of available supply capacity to order volume) have stayed at a low 80% to 85%, driving sharp increases in memory chip prices. It forecasts the supply-demand gap will further widen by 2027, with the order fulfillment rate possibly dropping to around 80%. Separately, during OpenAI CEO Sam Altman’s recent visit to South Korea, he requested custom storage products including HBM from SK hynix and Samsung Electronics for 2027-2030, with demand even exceeding the two firms’ available supply capacity. Community user Teng Yan added that Samsung stated in an October 29 conference call with Meritz that it has signed multi-year storage supply agreements with 10 major clients, while an equal number of clients are in negotiations. Storage demand has also expanded beyond cloud service giants and AI server manufacturers to more sectors. As such, the slowdown in U.S. data center approvals will only impact a portion of orders and is unlikely to alter the overall tight supply-demand landscape.

According to Bitget market data, AI regulatory concerns have hit Japan and South Korea's stock markets. The Nikkei 225 index closed down 1110.73 points, or 1.79%, at 61077.90 points. South Korea’s KOSPI index ended 300.15 points lower (down 5.28%) at 5383.65 points, while the South Korean KOSDAQ index fell 5.11%, triggering circuit breakers during intraday trading and leading to a temporary suspension of program trading. SK Hynix dropped 9.45%, and Samsung Electronics fell 7.56%.