Hong Kong stocks opened, with the Hang Seng Technology Index opening 3.11% lower, and Zhipu AI falling nearly 9%.

This gambler, who got liquidated 8 times and lost 201 $BTC ($15.6M) as the market fell, flipped to a 2.25M $TRUMP ($2.68M) short. But he was fully liquidated again shortly after.

Texas Governor-elect Gina Hinojosa has made clear that all data centers currently approved for construction in Texas will be allowed to proceed to completion. This essentially covers all projects slated for 2027, and will likely extend through 2028. Hinojosa will push for legislation requiring all newly approved data centers to pay taxes, pledge not to raise electricity rates for consumers, avoid impacting public water availability, use union labor for construction, and "give Texans a seat at the table."

According to an official announcement, Binance will distribute dividends in the form of corresponding tokenized securities to users holding balances of IBMB, AAPLB, GLWB, and LLYB. These tokens represent IBM, Apple, Corning, and Eli Lilly respectively. After deducting withholding taxes, fees, and other charges, the net cash dividend will be reinvested into additional units or fractional shares of the same underlying securities, and users will receive their dividends in token form. For users holding the relevant tokens on-chain, dividends will be issued via a multiplier adjustment. The snapshot times (East Eight Zone Time) are as follows: 08:00 on November 10 for IBMB holdings, 08:00 on November 12 for AAPLB holdings, and 08:00 on November 13 for GLWB and LLYB holdings. The announcement notes that bStocks represent the equity interest in the relevant securities held by the issuer, and do not constitute direct ownership of the underlying shares.

Lombard Systems (formerly SemiLiquid) announced the completion of a $4 million seed funding round, led by Ethereal Ventures, with participation from ALPS Capital, First Commit, Veris Ventures, and ATKA. Lombard Systems provides financing infrastructure for tokenized securities and maintains the "Delivery vs. Locked" (DvL) standard. The standard allows banks, brokers, and transfer agents to accept tokenized assets and digital assets as collateral without moving assets out of their original securities accounts: assets remain locked in the owner’s name, while lenders obtain enforceable security interests proven via cryptographically signed credit instruments.

FOX reporter Charles Gasparino published a report noting that, per a chief executive at a financial services firm, more hedge funds are being forced out during the current U.S. stock market downturn, hitting the highest level since 2009. "This is necessary; more pain is required to prepare for a market bottom," the executive said.

Hyperliquid’s priority fees reached $521,000, hitting an all-time high, while this revenue stream also accounted for a record 12.7% of the platform’s daily total income. Priority fees refer to additional payments users make to validators or protocols to have their transactions processed first amid intense market competition or network congestion. Yesterday, coinciding with a historic plunge in US stocks, on-chain liquidation bots, arbitrageurs, and ordinary traders all scrambled for transaction processing priority to execute their intended operations faster amid the extreme market conditions.