[Market-wide Sell-off After U.S. Government Reopens, Gold Prices Decline] On November 14, the market experienced a widespread sell-off following the reopening of the U.S. government, leading to a decline in gold prices. Independent metals trader Tai Wong stated that precious metals, stocks, bonds, the dollar, and cryptocurrencies all faced downward pressure, which is a typical 'buy the rumor, sell the fact' phenomenon.

[Applied Digital Plans to Issue Senior Secured Notes to Raise $2.35 Billion] Nasdaq-listed company Applied Digital announced that its subsidiary, APLD ComputeCo LLC, will issue senior secured notes through a private placement to raise $2.35 billion. The issuance is expected to be completed around November 20, 2025, with the exact timing depending on market and other conditions. The funds will be used for the construction of data center campuses.

[Hong Kong SFC's Julia Leung to Continue as CEO for Two-Year Term] The Hong Kong Securities and Futures Commission (SFC) announced that Julia Leung will continue as Chief Executive Officer for a two-year term, effective from January 1, 2026. Julia Leung has held this position since January 1, 2023. During her tenure, she introduced a licensing regime for virtual asset trading platforms and published a virtual asset roadmap. She also proposed the regulatory concept of 'same business, same risk, same rules,' bringing crypto over-the-counter trading and custodial institutions under regulatory oversight.

[The U.S. Department of Commerce to Release October International Trade Report and Final Q3 GDP Data] The U.S. Department of Commerce announced that the October International Trade Report will be released at 8:30 AM EST on December 4 (9:30 PM UTC+8), and the final Q3 GDP data will be released at 8:30 AM EST on December 19 (9:30 PM UTC+8).

[The U.S. Q3 GDP Revised Value to Be Released on November 26] The U.S. Department of Commerce announced that the revised value of the U.S. third-quarter GDP will be released at 8:30 AM Eastern Time on November 26 (9:30 PM UTC+8 on November 26).