Cai Wensheng: The AI-Web3 Entrepreneurship Center He Built Has Reached Full Capacity, Providing the Industry with a Better Entrepreneurial Environment
On November 4th, Meitu's founder Cai Wensheng declared at Hong Kong Fintechweek 2025 that the previous investment of HK$650 million to purchase the entire building in Tin Hau and establish an AI-Web3 startup center was mainly to make a statement. The aim is to offer an incubation space for startups in the core of Hong Kong. The building is just one minute away from the subway station and provides convenient dining and accommodation facilities. Currently, the building is fully occupied by AI and Web3 companies. Cai hopes that other real estate developers will also seize this trend and provide a better entrepreneurial environment for Hong Kong's AI and Web3 industry. Hong Kong's rich talent pool has already laid the groundwork for the future incubation of startups. Cai also hopes that the government can provide more guidance to the private and industrial sectors to support the development of the AI and Web3 industries.
Cai Wensheng also pointed out that the market value of native crypto
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ZEC Faces Short-Term Drop of Over 12%
On November 4th, according to market data, the asset ZEC, which has been performing well recently, saw a temporary decline of more than 12% and is now trading at $409.31.
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US Stock Listed BTC Treasury Company Sequans Confirms Sale of 970 Bitcoins to Reduce Debt
On November 4th, as per Investing.com, the U.S.-listed semiconductor company Sequans Communications (NYSE: SQNS) redeemed 50% of its convertible bonds by selling 970 bitcoins. This transaction led to a reduction in the company's total debt from $189 million to $95 million.
Sequans currently possesses 2,264 bitcoins, which is fewer than the previous 3,234. At the present market price, the company's bitcoin net asset value is approximately $240 million, and the debt-to-net-asset-value ratio has decreased from 55% to 39%.
The company's CEO, Georges Karam, stated that "Our bitcoin asset allocation strategy and strong belief in bitcoin remain unchanged. This transaction is a tactical decision made based on the current market conditions to unlock shareholder value."
The reduction in debt is expected to strengthen the company's previously announced ADS buyback plan. Sequans focuses on wireless 4G/5G cellular technology in the IoT field and announced earlier this year that it would adopt bi
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DMG Blockchain: Mining Output for October was 23 BTC, Current Bitcoin Holdings are 359 BTC
On November 4th, the Nasdaq-listed Bitcoin mining firm DMG Blockchain Solutions disclosed its October operational performance report. It was stated that the company mined 23 BTC in October, which was in line with that of September. The current Bitcoin holdings reached 359 BTC. Additionally, the company intends to limit Bitcoin sales in the future and include it in the balance sheet.
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Opinion: CEX and Miner Reserves, Stablecoin Flows Show Funds Leaving the Market
On November 4th, according to the research firm XWIN Analysis, Bitcoin CEX Reserves Have Experienced a First-Time Increase in Six Weeks, suggesting that investors are transferring Bitcoin back to CEX. This usually serves as a sign of profit-taking or risk mitigation. Historical data indicates that this inflow of funds implies that traders are preparing for potential market fluctuations and adopting a defensive strategy.
At the same time, Miner Reserves Have Dropped to the Lowest Level Since Mid-2025, indicating that due to the suspension of energy subsidies and tax deductions during the government shutdown, miners are compelled to sell Bitcoin to cover operating costs.
In addition, Stablecoin Withdrawal Volume from CEX Has Soared to a Historic High, highlighting the transfer of funds from risk assets to dollar-pegged safe-haven assets. In other words, liquidity is flowing back from the open market to stable value sto
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Viewpoint: Bitcoin Lacks Buying Support Below $10,480
On November 4th, analyst @ali_charts carried out an analysis based on Glassnode's Bitcoin UTXO Realized Price Distribution chart. According to the analysis, when the price is below $104,800, Bitcoin has a relatively small quantity of UTXOs (Unspent Transaction Outputs) that support the price.
Note: This indicates that there is less buying interest or a more concentrated holding at lower prices. If the price were to fall to this level, it could potentially lead to a weakening of price stability.
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