South Korean government holds emergency meeting to inspect market conditions

According to Lianhe Zaobao, in response to the recent cryptocurrency theft incident at Binance, the Monetary Authority of Singapore (MAS) has warned that the general public is not suited to engage in cryptocurrency trading. Consumers must exercise caution when conducting such transactions and should not deal with unregulated companies. An MAS spokesperson, replying to inquiries from Lianhe Zaobao on Thursday, reaffirmed that Binance is not authorized to provide regulated financial services in Singapore. The spokesperson also noted that among licensed firms, digital payment token service providers must establish strict control mechanisms to effectively manage technological and cyber risks and safeguard customer assets.

Beating AI Express: Google unveils a new Antigravity interface. The v2.29.0 update, released on November 3, brings multiple features including real-time voice, cloud-based Agents, and an upgraded built-in browser. The most noticeable change is the new Voice Mode, powered by Gemini Live. Similar to ChatGPT’s real-time voice mode, it lets users converse directly with the AI to modify code, complete tasks, interrupt the AI mid-operation to add requests, or approve/reject actions via voice. Another key update is Remote Agents: users can offload tasks to Google’s cloud, connecting to GitHub repositories and Google Drive files, allowing Agents to continue working even when the user’s computer is powered off. Additional updates include: redesigned Home and Automations pages for centralized management of scheduled, persistent, and paused automation tasks; built-in browser additions like download management and browsing history; direct support for viewing Jupyter Notebook files; a new default dark theme; and expanded interface settings for fonts, keyboard shortcuts, and other options. Currently, both Voice Mode and Remote Agents are in a phased rollout. Cloud-based Agents are exclusive to individual Google AI Pro and Ultra subscribers. Voice Mode works for local sessions on the Antigravity App and CLI, but does not yet support cloud Agent sessions.

According to official announcements, Zcash’s mainnet has activated the NU7 upgrade. The upgrade cuts block time from 75 seconds to 25 seconds, tripling transaction confirmation speed. Meanwhile, 60% of fees collected per block will be removed from circulation, with plans to return these funds to miners starting February 2031, while the original block reward halving schedule remains in effect throughout this period.

Rob Pohly’s Samlyn Capital is laying off senior analysts; the firm has previously liquidated exposure to nearly all sectors, retaining only global financial stocks and shifting its investment focus to this area. According to people familiar with the matter, the $7 billion equity hedge fund sold off stocks in multiple sectors including industrials, technology and retail weeks ago, earlier than the recent market sell-off. The recent slump has hit the entire hedge fund industry hard. One source said that as of October, the fund is down around 5% year-to-date. Going forward, Samlyn will primarily trade global financial stocks, a sector that Pohly has focused on for decades. The firm retains analysts dedicated to financial sector research. Samlyn is not returning capital to investors; instead, it is reinvesting proceeds from the sale of other holdings into financial stocks, or holding cash temporarily for future deployment.

According to monitoring by Yu Jing, Micron Technology plunged 17% last night. A whale went long on $31 million worth of Micron stock at 11 PM last night, just before the stock’s decline began, with an entry price of $775.25, and is currently facing an unrealized loss of $3.12 million.

South Korea's Finance Minister stated that the country's stock market is overreacting to external factors. Given the nation's robust economic fundamentals, it is necessary to guard against excessive anxiety, adding that the government will take proactive steps to prevent market anxiety from escalating.