US October non-farm payroll data exceeded expectations, causing spot gold to plunge by more than $30 in the short term.

At the opening of the US stock market, the Dow Jones Industrial Average fell 511 points, the Nasdaq Composite rose 294 points, and the S&P 500 rose 0.22%.

White House National Economic Council Director Hassett stated that they are studying the rapid job growth of the past three months, and even with a slowdown in the data center sector, the economy is still expected to achieve strong growth, with ample room for further data center expansion. President Trump respects areas that do not want data centers built, and inflation should slow down. Hassett said he would respect the judgment of Federal Reserve Chairman Kevin Warsh and the Federal Reserve.

White House National Economic Council Director Hassett said he is studying the rapid job growth of the past three months and that there is concern about an artificial intelligence bubble.

The U.S. government's employment report showed that the U.S. unemployment rate fell to 4.1% in October, and businesses added 165,000 jobs, more than double economists' expectations. As a result, futures contracts linked to the Federal Reserve's policy rate show that the market expects the probability of a 25 basis point rate hike by the Fed in December to rise to 80%, up from 75% before the report was released. AI Interpretation: The job market has shown a stronger-than-expected expansion, with robust labor demand directly increasing the risk of economic overheating. This report completely shattered market illusions of a short-term shift to looser monetary policy, forcing investors to reprice the Fed's tightening path. The high probability of interest rate hikes reflects deep market concerns about interest rates remaining high or even rising further. This resilience in the job market gives the Fed greater policy confidence, allowing it more strategic space in the fight against inflation.

[US$3.11 Billion of Stolen Binance Assets Remain Unlaundered, Large Amounts of Funds Dormant] Elliptic reports that of the US$6.43 billion stolen from Binance, approximately US$3.11 billion remains in addresses linked to the theft, primarily consisting of ETH and Bitcoin. Another approximately US$2.85 billion has been frozen or seized. To date, money laundering activities have involved over 20,000 wallets across 16 blockchains, at least 36 services, and at least 65,000 transactions. The 18,270 BTC stolen, dispersed to 19 addresses on the day of the theft, has not been transferred. The nine largest Ethereum addresses holding 89% of the attackers' ETH have also not moved since October 30th. (Source: Decrypt)