Cointime update: Volkswagen Group China said fraudsters impersonated Volkswagen (China) Investment Co. and regulatory authorities to send fake recall text messages to some car owners, luring them via unofficial links to provide personal information and complete purported recall procedures. The company said the messages and attached documents are not official recall notices, and urged owners not to click suspicious links, reply, or share personal or vehicle data.
Cointime update: Bank of England Governor Andrew Bailey said the market curve has priced in further policy tightening next year, but this mainly reflects risk premium rather than market expectations for interest rates, and is partly justified by energy risks. Bailey said recent oil price declines are positive news, and that further increases in the benchmark rate may be necessary unless progress is made in resolving the conflict. Positive developments in the Iran conflict would reduce the risk of a further rise in inflation, potentially leaving the CPI peak “slightly below” 5%.
Cointime update: The Bank of England raised its benchmark interest rate by 25 basis points to 4.00% on November 5, its first increase since August 2023 and in line with market expectations. UK consumer price inflation rose to 3.5% year on year in September from 3.1% in August, with services and core inflation still elevated. Governor Andrew Bailey called inflation persistently above target “extremely frustrating,” while markets remain divided on the path ahead.
Cointime update: Hefei Municipal State-owned Assets Supervision and Administration Commission has approved Hefei Construction Investment’s agreement to acquire 96,180,444 unrestricted shares, or 5.30% of Gotion High-Tech, from Volkswagen (China) Investment at 24.09 yuan per share for a total of 2.317 billion yuan. The transfer still requires Shenzhen Stock Exchange compliance confirmation and share transfer registration with China Securities Depository and Clearing’s Shenzhen branch.
Cointime reports: Arthur Hayes said in his article “D is for Dilution” that lockup expirations at SpaceX, Anthropic and OpenAI could release large share blocks and pressure AI stock prices. He estimates SpaceX will unlock about 8.6 billion shares by end-June 2027, roughly 50% of float, while Anthropic early IPO investors may face about 83% dilution. Weaker AI credit could slow US bank balance-sheet expansion and tighten dollar liquidity, pressuring crypto until central banks respond; Maelstrom is staying on the sidelines.
Cointime update: Bank of England Governor Andrew Bailey said the central bank needs to limit the impact of the conflict in Iran. Bailey did not elaborate on specific measures or the channels through which the conflict could affect the UK economy or financial markets. The remarks come as geopolitical tensions around Iran remain in focus for global markets.
Cointime reports: Bitcoin dropped below $80,000 on November 5, trading at $79,998.50 per coin. The move marked a 0.38% decline over the day, putting the largest cryptocurrency just under the $80,000 threshold.
Cointime update: Liu Haixing, head of the CPC International Department, led a delegation to Pakistan and Bangladesh from Nov 1 to 5, meeting Pakistani Prime Minister Shehbaz Sharif, army chief Asim Munir, Deputy PM Ishaq Dar, and Bangladeshi President Mohammed Shahabuddin and PM Tarique Rahman. The visit included party-building exchanges and the launch of China-Pakistan and China-Bangladesh governance research centers.
Cointime update: The European Union Aviation Safety Agency said on the 5th that it will continue to monitor developments after bomb threats targeted European passenger aircraft and will identify and assess how such security threats may affect flight safety. The agency made the statement in an email response to reporters. No further details were provided.
Cointime update: Chinese Vice Premier Ding Xuexiang attended the opening of the 9th China International Import Expo and the Hongqiao International Economic Forum in Shanghai on November 5 and delivered a keynote speech. Ding, a member of the Standing Committee of the Political Bureau of the CPC Central Committee, also met with foreign political figures attending the events.
Cointime update: TuringQ unveiled its third-generation large-scale chip-level scalable optical quantum computer, TuringQ Gen3, along with its self-developed core photonic chips at the opening of the 9th China International Import Expo in Shanghai. The system was displayed alongside other quantum computing innovations from different technical routes, showcasing China’s latest advances in quantum computing to a global audience.
Cointime update: Qihoo 360 chief scientist and senior vice president Pan Jianfeng presented research on a Metacognition Model (MCM) at the 2026 World Internet Conference Wuzhen Summit’s AI for Scientific Research forum. The general-purpose model models task environments, experiential knowledge, action logic and state changes to help large models understand task conditions, judge action paths, assist decisions and verify execution results, supporting AI’s shift from generation to reliable execution.
Cointime update: Gate will open the claim window for its 164th futures points airdrop from 18:00 to 23:59 (UTC+8) on November 6. Eligible users can redeem 15 points for 0.04 GOOGLG or 20 points for a 100 USDT position trial voucher, with supplies limited and allocated first come, first served. The GOOGLG pool requires a dynamic points balance threshold falling from 120 to 90, while the voucher pool requires at least 40 points. Rewards are expected to arrive within one hour of a successful claim.
Cointime reports: Arthur Hayes warned on November 5 that a cooling AI credit market could stall or shrink US commercial bank balance sheets, tightening dollar liquidity that has supported crypto since August. He pointed to falling shares of SpaceX, Anthropic and OpenAI widening AI credit spreads and choking issuance, and noted the banking system’s balance sheet fell week-over-week as of last week. Hayes said either the Fed or banks must expand their balance sheets to fuel crypto positions.
Cointime reports: Qunar reported that flight searches for the 2027 Spring Festival jumped 3.2 times instantly after China’s 2027 public holiday schedule was released on the afternoon of November 5. The 2027 Spring Festival holiday will run nine days, from February 5 to February 13, 2027.
Cointime update: Shake Shack expects full-year revenue of $1.6 billion to $1.7 billion, the burger chain said, against a market estimate of $1.65 billion. The guidance range brackets the consensus figure, leaving the midpoint of $1.65 billion in line with analyst expectations.
Cointime update: China’s installed renewable hydrogen production capacity has exceeded 350,000 tonnes per year, with green ammonia and methanol capacity surpassing 1.3 million tonnes per year, National Energy Administration Vice Administrator Song Hongkun said at the 9th Hongqiao International Economic Forum in Shanghai. The forum, co-hosted by the NEA and the Ministry of Commerce, focused on hydrogen’s role in the global energy transition.
Cointime reports: ConocoPhillips reported third-quarter adjusted earnings per share of $3.27, topping the $2.97 market estimate, with adjusted net income of $3.9 billion versus $3.538 billion expected. Cash and investments stood at $10.4 billion, and the company kept its full-year capital expenditure and adjusted operating cost guidance unchanged. It guided fourth-quarter 2026 production to 2.32–2.36 million barrels of oil equivalent per day, and the stock rose more than 1% in premarket trading.
Cointime update: Jian Mengwen, former general manager of Shanghai Wind Fund Sales Co., will join Western Lead Fund as deputy general manager, overseeing the marketing line, a person familiar with the matter said. The appointment is a management move at the fund company; no further details on timing or scope were disclosed.
Cointime reports: UK government bonds pared gains after the Bank of England’s policy decision, with the 2-year gilt yield rising 1 basis point to 4.75%. The move in short-dated gilts followed the central bank’s announcement, trimming an earlier rally in UK debt.