Weekly Selection | The Democratic Party Regains Control of Congress, Rewriting Cryptocurrency Regulations, Strategy Will be Removed from MSCI, AI Investment Faces "Transition Period" Challenges

PANews Editor's Note: PANews has selected a week's worth of quality content to help everyone take advantage of the weekend to fill in gaps. Click the title to read.

Products under AI Enthusiasm

Current Status of the Robot Data Industry in 2027: What Are Laboratories Buying, What Prices Are They Offering, and Where Will Future Opportunities Arise?

After holding 180 meetings and reviewing 47 data providers, the author concludes: monocular video is already oversupplied, binocular stereo has become the new baseline, and is in short supply, tactile data can be sold for $120 per hour, but the hardware cost is hard to scale.

Chainalysis: Dodging U.S. Export Controls, China's AI Large Model "Distillation Wave" Behind the On-Chain Shadow Market

Chainalysis sampled 100 AI service providers, 40% accept crypto recharges primarily in stablecoins; three days after the release of cutting-edge models in the U.S., the suspected China-related wallet payment activity was 55% higher than the baseline.

a16z: Welcome to the Era of B2A Economy! For decades, we have been guarding against robots, now companies must line up to please them

a16z: Over 40% of initial code drafts on GitHub have been completed by AI agents, Shopify reported an eightfold year-on-year increase in store visit traffic due to AI. Businesses need to shift from B2C to B2A, focusing on distribution channels rather than functions.

Bankless: After the Shrinkage of On-chain TVL, MEGA Plows $30 Million into AI Inference Market

MegaETH has been renamed MEGA, allocating $30 million from the treasury to develop in-house products, with its first decentralized AI inference market scheduled to launch in December; its TVL has significantly fallen from its peak.

Truth About Jobs in the AI Era: Job Listings Soar, Actual Hires Halve, "PM Wins Big"?

Two reports compared: PM open positions hit a four-year high, but U.S. PM hiring size is only 52% of 2022; the growth rate of engineering open positions slowed from +29% to +2.5%, as AI has torn down job boundaries.

Macro Insights

Bloomberg: With Democrats Regaining Control of Congress, Are Good Days for the Crypto Industry in Washington Over?

After sweeping both chambers, the Democratic Party's political advantage in Washington for the crypto industry fades: resistance to the CLARITY Act increases, Trump's crypto dealings may face congressional investigation, and the Binance hacker incident intensifies security scrutiny.

Have U.S. Stocks Corrected? CICC Deep Review: The Moment of “Transition” in AI Investment

CICC: In Q3, the AI sector contributed a 62% profit growth to the S&P 500, but the five major cloud manufacturers had a negative free cash flow of $31.8 billion; demand is in a “transition” phase, suggesting to wait for AI breakthroughs or a Federal Reserve pivot to be aggressive again.

Chainalysis Report: Global Crypto Market Cooling, Why Can Western Europe Withstand?

Chainalysis: Western Europe's crypto economy is $2.08 trillion, increasing by 1.2%, while the UK saw an 8% decrease due to DEX shrinkage; individual wallets' stablecoin holdings increased by 131%, far exceeding the global average of 52%.

J.P. Morgan: New Investment Logic Under the "Blue Wave"

J.P. Morgan: With the Democratic Party controlling Congress, welfare cuts are retracted, fiscal easing and deficit expansion occur, and rates will face pressure in 2027; tariffs are expected to rise slightly, and Powell and one or two board members may leave early.

The First Institutional Layering of Stablecoins: How MiCA Transforms "Compliance" into a New Pricing Dimension for Settlement Assets

EBA recognized USDC as the first "important" electronic currency token, with dual-line regulation starting from November 12. The author believes that compliance qualifications are replacing liquidity as the pricing dimension for payment stablecoins to enter the settlement chain.

Institution and Celebrity Insights

Bloomberg Dialogue with Jensen Huang: I Could Be Fired at Any Moment, the Next CEO Must Earn Their Place

Jensen Huang discusses the chip blockade against China as a "difficult-to-reverse mistake," rebuts doubts over $500 billion in revolving financing, stating that AI companies actively choose NVIDIA; and emphasizes that the next CEO must earn their place.

The Real "Tears and Blood" History of Crypto VC: Invested in 300 Projects, Almost 30% Went Bust

Waterdrop Capital invested in nearly 300 projects, with less than one-third operating well, about 20%-30% involving scams, closures, or defaults; in 2026, only three or four of more than ten new projects are related to Crypto, while the rest shifted to AI and chips.

Two Major Bitcoin Funds Excluded by MSCI, Can the Financing Flywheel Keep Turning When the Index Stops Paying?

MSCI will exclude Strategy and Metaplanet, the author estimates actual passive selling pressure is approximately $1.59 billion, accounting for 3.2% of floating shares, indicating mNAV only at 1.08 times poses long-term pressure.

Anthropic is Going Public, What Does Wall Street Think It's Worth?

Anthropic plans to issue 825 million shares at $70-$78, fully diluted valuation between $126 billion and $140.5 billion; institutional bids range from $144 billion to $3 trillion, with DCF pointing towards $1.45 trillion.

Exclusive Interview with Fu Peng: I Have No Faith in BTC, the Four-Year Bitcoin Cycle Has Ended

Fu Peng states no faith in BTC, the four-year cycle has vanished, volatility has decreased post-institutionalization, and limited supply actually restricts its allocation in portfolios; and he sees promise in young people establishing one-person hedge funds.

Seizing Opportunities

“Crypto Twitter is Over": When Earning Traffic is More Profitable Than Finding Opportunities, Smart People are Leaving

The author reviews sneaker Twitter and profit Twitter: when the focus shifts from discovering opportunities to climbing social ladders and monetizing followers, the circle ends. Crypto Twitter has entered the same phase, with valuable Alpha migrating to private groups.

Real Buyers or Internal Allocations? Reviewing This Week's Nine Major Token Movements, Teaching You to See Through False Whale Narratives

The author assesses signals by stablecoin orders, exchange withdrawals, deposits, and pledges in four tiers: this week's actual spot buying includes only stablecoins actively sweeping on Ethereum and Solana, most major transfers are neutral allocations.

Glassnode Weekly Report: "Lack of Oil" Crisis Under Bitcoin Correction and Whale Movements

Bitcoin fell below $75,600, short-term holders’ cost basis and underperformed U.S. stocks, with a $14.2 billion reduction in stablecoin supply over 30 days; however, bullish leverage has cleared, and buy orders on the order book exceed sell orders, as two major whale groups restart accumulation.

When AI Fills the Gaps in the Crypto Industry, These Fifteen Startup Opportunities Are Worth Watching

The author believes old projects fail due to being judged too expensive, lacking stablecoins, and slow settlements, and that after 2023, the large models and high-speed chains will fill these gaps, listing fifteen entrepreneurial directions including online commercial courts and insurance without claims adjusters.

Leveraging Tens of Dollars to Move Tens of Thousands? Comparing Crypto "Exam Accounts" with Six Major Platforms

Exam accounts involve buying a simulated account for a few dozen dollars and splitting profits by proportion after evaluation; the author compares the rules of six platforms, warning that low registration fees can accumulate into costs of hundreds or thousands of dollars.

Web3 Matters

From Deflation to Value Storage, Can Vitalik's Narrative Shift Save Ethereum's Market Value?

Vitalik has changed his stance, claiming that ETH is more suitable as value storage, with only about 13,000 burned this year, a drop of over 99% compared to 2022. The author believes the challenge lies in infrastructure usage not equating to net ETH purchases.

Pump.fun Data Review: Why Has the Current Meme Market Become a "Harvesting Game"?

Pump.fun's 95% revenue comes from tokens with a market cap below $250,000 or within binding curves, three-quarters of the revenue generated by coins launched for less than an hour. The mechanism makes issuing tokens and pitching them a rational choice, while holding long-term actually becomes a disadvantage.

Liquidity Exhaustion Alert: Hyperliquid's "Long Tail Moat" is Disappearing

One and a half years of order book data shows that Hyperliquid's long tail perpetual 10bp median depth has dropped by 82%, with a $10,000 order slippage of 5.21 basis points, higher than Binance's 2.95 basis points, driving small to medium market makers away.

$4.6 Billion Tokenized U.S. Stocks Behind the "Monopolist": 91% of Assets Held by the Same Company?

Of the $4.6 billion in tokenized U.S. stocks, $4.17 billion in real shares is held by Alpaca, accounting for over 91%; institutions like Figure have petitioned the SEC to modernize transfer agent regulations.

The Next Battle for Crypto Security: Beyond Smart Contracts, How to Rebuild the Authorization System?

The Hacken report indicates 107 incidents in Q3 resulting in $1.18 billion in losses, with 40% due to access control and operational failures. The author points out that private key security does not equal transaction security, and attention should shift to permission control.

Key Information

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到[email protected]，本平台相关工作人员将会进行核查。