Cointime update: Oman’s Foreign Minister Badr al-Busaidi and Iranian Foreign Minister Abbas Araghchi spoke by phone on November 5, agreeing to move the region from de-escalation toward a durable consensus. The two discussed practical arrangements to secure maritime shipping lanes and a joint technical mechanism to keep international trade and energy transport flowing, aiming to end the state of war and prevent renewed regional conflict.
Cointime reports: An address linked to X account polypol87446165 redeemed tokens from Aave and sold $6.357 million worth of ETH and stETH on-chain over the past 10 hours, at an average price of $2,428, on November 5. The address had been dormant for a year before selling into the rebound.
Cointime update: China’s Ministry of Industry and Information Technology (MIIT) said on the 5th that the country will actively and steadily advance the safe, healthy and orderly development of its low-altitude equipment industry, with safety as a precondition. The statement was made by a responsible official of the ministry. No further details, timelines or policy measures were disclosed.
Cointime update: Kremlin spokesman Dmitry Peskov said all Russian diesel shipments bound for the United States will find buyers under agreements reached between Moscow and Washington. He urged against linking tanker course changes to the US midterm election results and declined to disclose commercial details. Two of three tankers carrying Russian diesel to the US had reportedly changed course after threats from US Democrats and authorities against the companies involved.
Cointime reports: China’s hydrogen industry investment reached 28.7 billion yuan in the first three quarters of the year, up 108% year-on-year and doubling from a year earlier, the National Energy Administration said. More than 10 renewable hydrogen projects began construction, adding 100,000 tonnes of annual capacity, while operating renewable hydrogen capacity now exceeds 350,000 tonnes a year, over 50% of the global total.
Cointime update: Crystal Optoelectronics plans to repurchase between RMB 100 million and RMB 200 million of its own shares at a maximum price of RMB 28 per share, the company said. The buyback would cover roughly 3.57 million to 7.14 million shares, or 0.26% to 0.51% of total share capital, and is intended for resale. The program runs within three months of board approval.
Cointime update: OpenAI said Thursday it will avoid confidentiality agreements when negotiating data center projects and ensure local residents do not have to pay for the electricity those projects require. The commitments form part of a framework OpenAI says should be written into laws regulating AI expansion. The announcement came two days after voters across the U.S. backed candidates at multiple levels of government who favor restricting data center development and tightening AI oversight.
Cointime update: Meta Platforms Inc. raised €9 billion in its first-ever euro-denominated bond sale, drawing more than €62 billion in orders — a record for a European corporate debt issue. The deal’s attractive yields pulled in investors even as some remain cautious about the scale of AI spending. The issuance marks Meta’s debut in the euro bond market.
Cointime reports: Muyuan Foods sold 5.913 million commercial pigs in October, down 16.43% year on year, with the average selling price at 9.64 yuan per kilogram, down 16.54%. October sales revenue from commercial pigs fell 29.79% to 7.253 billion yuan. For January-October, cumulative sales reached 64.643 million head and 84.07 billion yuan in revenue, while its subsidiary slaughtered 2.957 million hogs in October.
Cointime update: The 2026 China International Public Procurement Forum opened in Shanghai as a key side event of the ninth China International Import Expo. More than 300 delegates from international organizations, multilateral financial institutions and foreign governments gathered for a policy dialogue.
Cointime update: Coinbase outlined its hot wallet security controls after customers asked whether the Oct. 29 Binance breach could occur on its platform. The exchange said signing keys are never reassembled, hot wallet refills are capped, and switches can pull keys offline.
Cointime update: OpenAI President Greg Brockman said on November 5 at a tech conference that most of the company’s revenue now comes from enterprise customers and that OpenAI expects to be ready for an IPO by 2027. Asked whether the company would be prepared to go public next year, Brockman said, “I think so.” He said OpenAI is accelerating enterprise expansion to compete with Anthropic for corporate clients and is promoting its Codex agent product.
Cointime update: Wang Hongzhi, head of China’s National Energy Administration, met Angola’s Minister of Energy and Water João Borges in Beijing on November 3. The two sides exchanged views on cooperation in renewable energy, power and related fields. No further agreements or figures were disclosed.
Cointime update: Jingang Solar’s controlling subsidiary Jiuquan Jingang Intelligent Computing signed a computing cloud service contract with a client on Nov 5, 2026, with a total estimated tax-inclusive value of up to 1.536 billion yuan ($212 million). The first two batches total 384 million yuan, exceeding 100% of the company’s audited main business revenue for the latest fiscal year. Each batch runs 60 months, with quarterly prepayment.
Cointime update: Moonshot AI released the full model weights of Kimi K3.1 Pro in the early hours of November 5 Beijing time, making the model openly available. The company said it will continue advancing open intelligence optimization and also launched a hosted agent service alongside the weights. The release drew intense discussion in overseas technical communities, with Nvidia’s official AI account publicly congratulating the company.
Cointime update: Porsche unveiled the new 911 GT4 R at the 9th China International Import Expo in Shanghai, marking the car’s China debut. It is Porsche’s first customer racing car built on the 911 platform for global GT4 competition. Porsche also showed the China-exclusive Panamera edition and several classic models at the expo.
Cointime update: China’s General Administration of Customs chief Sun Meijun met Australian Minister for Agriculture, Fisheries and Forestry Julie Collins in Beijing on Nov. 4. The two sides exchanged views on implementing the consensus reached by Chinese and Australian leaders, further consolidating and expanding bilateral cooperation on animal and plant health and food safety, facilitating safe bilateral agri-food trade, and broadening the use of electronic certificates. Australian Ambassador to China Scott Dewar attended the meeting.
Cointime reports: Ed Yardeni, president of Yardeni Research, said a 10-year US Treasury yield around 5% looks “very attractive” given expectations that inflation will cool. In a Bloomberg Television interview, he said buying the 10-year at that level requires relative optimism that productivity will push inflation down, adding that he holds that view.
Cointime reports: US employers announced 43,994 job cuts in October, the lowest total for the month since 2023. The figure marks a slowdown in planned workforce reductions compared with prior Octobers.
Cointime update: Oman and Iran held talks on measures to restore shipping through the Strait of Hormuz, the strategic waterway at the mouth of the Persian Gulf. The discussions focus on reviving maritime traffic through the chokepoint, a route vital to global oil and gas flows. No timeline or agreement was disclosed.