US Treasury yields hit their highest level since 2002, as two major long-term bears make a rare shift to bullish.

Breaking News from Beating AI Insight: Xiaohongshu (Little Red Book) has fully acquired the company associated with AI travel tool "Yuanzhou Travel Trails". According to the latest industrial and commercial filings, Xiaohongshu Technology Co., Ltd. is now the sole shareholder of Super Super World Technology (Shanghai) Co., Ltd., with original shareholder Zheng Yifan exiting. Yuanzhou Travel Trails features a popular function called "One-Click Copy Plan". When users encounter travel guides on Xiaohongshu or WeChat Official Accounts, they no longer need to manually copy locations or check maps. Simply pasting the note link allows the AI to extract scenic spots and restaurants, generate a map route, estimate travel time, and enable collaborative itinerary editing with friends. The tool has built a substantial user base. QuestMobile data shows that in February this year, Yuanzhou Travel Trails recorded around 2.49 million monthly active users (MAUs), a year-on-year surge of 384.7%, ranking among the top 10 travel service apps. Users aged 25 to 35 account for 72.1% of its total users. It has also expanded its business beyond travel guides. At the end of 2025, the team had stated it would not offer flight or hotel booking services. However, in September this year, the app added an AI function to query prices for flights, hotels, and tickets. After finalizing itineraries, users can directly redirect to partner platforms to make bookings and check order status within the app. Last year, Xiaohongshu also acquired the developer of its AI search product "Diandian". Diandian helps users find destinations and filter activities, while Yuanzhou Travel Trails organizes popular user-generated travel notes into executable itineraries and guides users to complete bookings. From browsing a travel guide to actually booking tickets and departing, Xiaohongshu is gradually integrating these touchpoints into a seamless end-to-end experience.

Analyst Darkfost pointed out in a post that Bitcoin’s price has rebounded above Strategy’s 2026 position cost line, though its purchases made since 2025 are still unprofitable. Strategy currently holds 848,517 Bitcoin (BTC), with an overall average cost of roughly $75,446. Bitcoin today has climbed above Strategy’s 2026 cost line of $78,900. However, when factoring in all purchases since 2025 alongside sales near this summer’s lows, the combined cost remains around $90,600, leaving the current price in unrealized loss. After pausing buying for several weeks, Strategy has resumed its purchases (no new additions were made last week). The company’s 1-year return stands at approximately 27.6%, while its 10-year return is around 60.3%.

Well-known trader Ansem told the podcast *Market Bubble* that he has recently shifted from bullish to bearish, revealing he has reduced positions, taken profits, and shorted a portion of his holdings over the past few days. On equities, Ansem noted that mainstream assets have rallied sharply, amassing large unrealized profits with hardly any meaningful pullback, and significant de-risking and profit-taking are now underway. He believes the U.S. stock market may have reached the end of its macro cycle, with capital flowing out. For crypto assets, Ansem pointed out that the sector performed strongly in Q3, but this may only be a counter-trend rally rather than the start of a new bull market. Crypto had previously front-run equities' weakness, bouncing back after being oversold in advance; if equities continue to weaken, they could drag crypto down with them, with Bitcoin potentially correcting back to around $70,000. However, Ansem stated on the show that he remains bullish on the tokenization of stocks, calling it a key pathway to bringing more traditional capital on-chain. He views this as a catalyst for the next wave of real user and capital inflows, not just a bear market afterthought. Ansem also reiterated his bullish stance on the ZEC token, emphasizing its "privacy Bitcoin" attribute.

UBS has cut its 12-month target for South Korea's KOSPI index from 8,000 points to 7,500 points, reflecting concerns that a strengthening Korean won will erode corporate earnings.

A mysterious whale dumped 694,310 $HYPE ($53.27M) over the past 5 days!

Beating AI Express: Developer AI search product Devv announces shutdown. Founder Zhang Jiayuan stated the team will shift all focus to AI Agent collaboration platform Multica. Over the past three years, Devv has served millions of developers worldwide. Launched in October 2023, Devv entered the market at a time when large language models (LLMs) still struggled to search for the latest programming resources, forcing developers to toggle between search engines and ChatGPT. Devv built a specialized search index for programmers, integrating technical documents and GitHub code to deliver answers directly via AI. Within four weeks of launch, its weekly active users reached 25,000. Later, it rolled out paid subscriptions, with first-month revenue exceeding $28,000. But in just three years, AI search is no longer a novelty. ChatGPT and Claude can now browse the web for information, and coding agents like Claude Code and Codex go a step further: they can independently search for resources, write code, run tests, and complete tasks directly for developers. Devv’s once-proud differentiator has gradually become a core capability of general-purpose AI tools. In fact, Zhang Jiayuan revealed as early as May this year that Devv would be discontinued. The team also previously tried an AI coding product called DevCode, but ultimately abandoned it. Now, they are betting on Multica. This time, instead of building search tools or coding agents themselves, the team lets multiple agents collaborate like team members: users assign tasks, agents execute, update progress, proactively flag issues, and submit results for review. From “helping programmers find answers” to “letting AI get the job done itself”, Devv’s shutdown perfectly encapsulates the evolution of developer tools over these three years.