Cointime update: The seventh World Media Summit’s AI and Chinese Modernization Forum was held in Beijing on November 5, releasing a batch of major outcomes. Media representatives, academics and industry figures gathered under the theme “‘AI Plus’ and a New Consensus on Global Communication Governance” to discuss the media industry’s transformation, opportunities and challenges amid the AI wave.
Cointime reports: US nonfarm business output rose at a 3.7% annualized rate in the third quarter, the fastest in a year, while hours worked edged up 0.1% and hourly compensation rose 2.9%, the Bureau of Labor Statistics said Thursday. Unit labor costs fell 0.7%, the first decline since the second quarter of 2025. The labor share of output dropped to 53%, the lowest since records began in 1947.
Cointime update: Payward, the parent company of crypto exchange Kraken, and its asset-management clients have purchased an undisclosed amount of AAVE tokens on the secondary market through affiliated fund Digital Asset Special Investments I, LP. Payward said it may add to its AAVE position and is exploring future collaboration with Aave. The purchase was made on the secondary market rather than directly from Aave, a person familiar said, a structure the parties see as aligning interests.
Cointime update: AstraZeneca announced at the ninth China International Import Expo that it has established AstraZeneca Cell Technology (Shanghai) Co., Ltd. in Shanghai’s Lingang area, completing its end-to-end cell therapy footprint in China from R&D to commercial manufacturing and supporting supply to Chinese and Asian markets. The company also began construction on an upgrade to a new drug development and supply building at its Wuxi manufacturing and supply base, investing nearly RMB 200 million to boost production and global supply of innovative cardiovascular medicines.
Cointime update: Many embodied intelligence companies are struggling because they can only train on chips from a leading overseas vendor, Moore Threads co-founder and executive president Wang Dong said on the 5th. A machine that costs several million yuan abroad now costs 20 million yuan in China, he said, calling the cost too high.
Cointime update: Zcash’s NU7 network upgrade, expected to take effect around 9:30 p.m. ET on Nov. 5, will make roughly 12,226 ZEC held in the 2016 Sprout privacy pool permanently unspendable, valued at about $16 million at $1,300 per ZEC. Holders have only hours left to migrate; about 10,000 ZEC moved out last week, but outflows fell to roughly 40 ZEC by Wednesday. The upgrade retires outdated transaction formats and cuts block times from 75 seconds to a 25-second target.
Cointime update: Federal Reserve official Beth Hammack said monetary policy needs to shift to a restrictive stance, arguing that gradual rate increases would have a smaller impact on the economy and financial system and are the best path to bringing inflation back to 2%. She said U.S. inflation remains too high and is moving in the wrong direction, adding that Fed independence is essential to hitting the 2% target.
Cointime reports: Federal Reserve official Hammack said she prefers frequent, small interest-rate adjustments, adding that the dollar remains the world’s top reserve currency and the Fed has earned credibility through its actions. The remarks, reported on Wednesday, signal a preference for incremental policy moves rather than large shifts. No specific rate level or timing was given.
Cointime reports: The secured overnight financing rate (SOFR) stood at 3.94% on Nov. 4, the prior trading day, down from 3.97% a day earlier. The effective federal funds rate was 3.88% on the same day, unchanged from the previous day. The reading came as midterm election results showed Democrats sweeping both the Senate and the House.
Cointime reports: Bitcoin mining company MARA ($MARA) transferred 1,650 BTC, valued at approximately $133 million, to Galaxy Digital and Copper on November 5. The movement of the bitcoin to the two institutional crypto firms marks one of the larger single transfers by a public mining company in recent weeks.
Cointime reports: Global gold ETFs recorded a net inflow of $2.7 billion in October, with European funds contributing the most. Holdings rose by 19 tonnes to 4,275 tonnes. However, assets under management fell 6% to $542 billion as gold prices declined during the month.
Cointime reports: Zai Lab reported third-quarter total revenue of $108.2 million, with product revenue at $107.6 million, down 7% year over year but up 2% quarter over quarter. The sequential improvement came mainly from broader coverage and market penetration of core products and incremental sales from the launch of xanomeline trospium chloride, partly offset by lower tumor treating fields revenue.
Cointime update: Chinese Vice Premier He Lifeng conducted a research visit to Beijing from Nov. 4 to 5, calling for faster progress in high-level technological self-reliance and a deeper integration of technological and industrial innovation. He said the efforts are aimed at driving the economy to continue developing toward new, better and more positive directions.
Cointime update: Soneium said Japanese IP Moriusa has launched on its network as the first tokenized IP on the platform. On Nov 12, Soneium Portal will sell 50 Moriusa Soneium Edition NFTs drawn from existing collections with no new minting, priced at 0.25 ETH each, with two rare editions allocated randomly and one purchase per wallet. A whitelist phase runs from 13:00 to 15:00 UTC before the public sale.
Cointime update: Lido has launched a Swap feature allowing users to trade tokens across Ethereum, Arbitrum and Base directly from its interface, powered by CoW Swap. For larger trades, the Lido Swap widget automatically adds an extra layer of price protection and integrates Chainlink price oracles to help users avoid abnormally unfavorable exchange rates.
Cointime reports: China’s public mutual fund net asset value totaled 39.32 trillion yuan as of the end of September 2026, down 0.79% from August. Total fund shares rose to 33.98 trillion, the industry body said.
Cointime reports: US spot bitcoin ETFs recorded a net inflow of 208 BTC on the day, while ether ETFs drew a net 16,825 ETH. Over the trailing seven days, bitcoin ETFs posted a net outflow of 14,117 BTC and ether ETFs a net outflow of 177,044 ETH.
Cointime reports: 21shares reported that bitcoin’s annualized volatility over the 12 months to Sept. 30, 2026 was 44%, below Tesla’s 46% and Palantir’s 59%. From October 2023 to September 2026, bitcoin’s three-year correlation with US equities, real estate and gold stood at 38%, 11% and 4% respectively, the firm said. Backtests showed allocating 2% to 5% of digital assets in a traditional 60/40 portfolio improved risk-adjusted returns.
Cointime update: VeChain CEO Sunny Lu said blockchain is the “perfect solution” for establishing trust in AI agents, arguing the technology provides the identity and reputation systems autonomous agents require. Lu made the case while promoting VeWorld.ai, the company’s agent-building platform. He did not announce a specific product launch or partnership in the remarks.
Cointime update: The Korea Exchange activated a sidecar mechanism on the KOSDAQ market on November 5, suspending program-trading sell orders. The circuit breaker-style halt is designed to curb sharp declines by pausing automated selling. No further details on the duration of the suspension or the scale of the market move were provided.