Aoi Sora: I recently started teaching myself cryptocurrency, and welcome any guidance.

According to Lookonchain's monitoring, a large whale heavily shorting US stocks has turned most of its short positions profitable. The whale mainly holds bets on the AI, semiconductor, and memory chip sectors, with total unrealized profits exceeding $30 million. Its short positions in SanDisk generated $6.36 million in floating gains, short positions in Intel yielded $4.03 million, short positions in the 3x long semiconductor index (SOXL) brought $2.33 million, and short positions in Micron generated $2.25 million in floating gains.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the OG whale that bought 1 million ETH during the 2015 ICO has purchased 2,221 ETH on-chain over the past 8 hours, worth $4.99 million at an average price of $2,248. The entity currently holds over 122,000 ETH on-chain, valued at more than $272 million.

Capital Economics market economist Joe Maher said in a report that even if concerns over the U.S. political outlook ultimately prove overblown and the stock market rallies in the short term, U.S. equities may struggle to return to their early October highs anytime soon. He noted the overnight market sell-off appeared to be triggered by investor fears that Democrats, both at the congressional and state levels, could seek to regulate the AI sector and restrict data center construction. Maher added that sentiment around AI trades had already shown fragile signs, and U.S. equities were exhibiting many classic late-cycle characteristics. As such, this incident could act as a catalyst for a longer-lasting pullback in the AI stock rally.

According to TradingBeats monitoring, trading volume of SK Hynix contracts on Hyperliquid has surged, climbing to third place on the platform’s trading volume leaderboard, second only to XYZ100 and S&P500. Over the past 24 hours, the trading volume reached $919 million, open interest (OI) stood at $366 million, 2,281 traders were active in the period, and the long-short ratio was 3.84:1.

Optical module manufacturer Applied Optoelectronics (AAOI) released its third-quarter financial results: revenue surged approximately 128% year-over-year to $270 million, while net income swung to a $6.3 million profit from a $17.94 million loss in the year-ago period. However, the company’s fourth-quarter revenue guidance ranges from $385 million to $420 million, with the upper limit still below the market expectation of $427 million. Separately, due to power access and construction progress issues, AAOI expects its U.S. production expansion in 2027 will take longer than previously projected. Following the earnings announcement, AAOI contracts on Hyperliquid briefly dropped from $46.88 to $39.36, a roughly 16% decline. The price quickly rebounded afterward, climbing to $46.30 by midday and recouping most of the post-earnings losses; it remains down around 22.1% over the past 24 hours. Contract open interest rose during the price drop, jumping from approximately 42,000 to 52,300 units, a roughly 24.4% increase. The 24-hour trading volume stood at around $13.45 million.

According to The Wall Street Journal, Massachusetts Democratic Senator Elizabeth Warren is expected to take over as Chair of the U.S. Senate Banking Committee. For nearly two decades, Warren has consistently pressured Wall Street: she has called private equity industry practices legal "predatory", proposed bills that could make corporate executives more easily held criminally liable, and demanded criminal investigations into bank executives who failed to properly prevent risk events. Additionally, Warren has sought to delay SpaceX’s IPO, raised questions about Anthropic’s potential existential risks to humans, and pledged to investigate connections between banking officials and Jeffrey Epstein, as well as their dealings with the Trump administration.