Anatoly Yakovenko likened Memecoin and NFTs to digital garbage.

On November 5, concerns about tightened regulations on AI data centers stemming from the US midterm elections triggered market stabilization mechanisms in both the Korea Composite Stock Price Index (KOSPI) and the Korea Oscillator (KOSDAQ). At the close, the KOSPI fell 5.28% to 5383.8 points, while the KOSDAQ index dropped 5.11%. In terms of individual stocks, SK Hynix fell 9.46% and Samsung Electronics fell 7.57%. Market concerns arose that the US Democratic Party's push for stricter regulations on data center approvals, grid connection, and electricity costs after the election could lead to delays in some AI data center projects and lower demand expectations for memory chips such as HBM and DRAM.

The popularity rankings show that ZEC's popularity has decreased by 300,000 compared to yesterday, ranking second. The popularity rankings are as follows: ① ZEC （$1316.40，2.78%） ② ETH （$2413.06，4.18%） ③ SNDK （$999.95，-11.74%） ④ XAUT ($4110.55, 1.84%) ⑤ MU ($771.23, -10.14%) ZEC saw moderate buying pressure from major investors, with a net inflow of $5.3606 million in the past 24 hours and a trading volume of $5.986 billion, of which $6.7335 million was net inflow from major investors.

Strategy's STRC resumed issuing Bitcoin after more than 170 days, raising enough funds yesterday to purchase more than 120 Bitcoins.

The French National Assembly rejected the 2027 budget revenue portion with 458 votes against, 0 in favor, and 2 abstentions. The previously passed amendments related to encryption were not included in the budget text submitted to the Senate. The proposals may still be reintroduced in the Senate and will need to pass subsequent budget reviews to become law. The previously passed amendments included taxing gains from cryptocurrency exchanges for stablecoins and requiring taxpayers to declare self-custodied crypto assets worth at least €100,000, with the assessment date for these assets being December 31st of the tax year. Another amendment proposed increasing the penalty for crypto platforms that fail to provide information to tax authorities from €10,000 to €50,000. The Senate is scheduled to begin deliberating on the fiscal bill on November 20th and on the revenue portion of the budget on November 23rd.

US semiconductor and memory stocks generally fell in pre-market trading. Qualcomm (QCOM.O) fell 9%, and Arm (ARM.O) fell 3.8%. In the storage sector, SK Hynix (SKHY.O) fell more than 4% pre-market, Western Digital (WDC.O) fell 3.7%, SanDisk (SNDK.O) fell 3.4%, and Micron Technology (MU.O) fell more than 2%.