Spot gold fell below $3,970 per ounce, down 1.26% on the day. The spot gold price on Tonghuashun is currently at 851.99 yuan per gram, down 1.32%.

Trader dimethyltryptamine.eth bought 45.08 billion PEPE tokens, worth $206,500, after the Binance hack sell-off. This same trader previously bought 5.9 trillion PEPE tokens at 0.125 ETH ($251), a peak holding worth $100 million. (Lookonchain)

On October 30th, DeepSeek completed its second round of financing, raising RMB 105.5 billion (approximately US$15.8 billion), valuing the company at approximately RMB 615.5 billion. Tencent Holdings invested a total of US$1 billion in both rounds, while CATL and Zeng Yuqun invested US$5 billion and US$1 billion respectively in their respective rounds. Other investors included Changxin Memory Technologies, SMIC, vivo, Meituan, Geely Automobile, Midea Group, Luxshare Precision, Ctrip, Xiaohongshu, China National Artificial Intelligence Industry Investment Fund, China Mobile, China Telecom, CICC, CITIC Securities, and China Life Insurance. Some individual investors invested between US$1 billion and US$3 billion, while institutional investors invested between US$2 billion and US$8 billion.

Tron founder Justin Sun stated that the Trump administration granted the crypto industry a two-year grace period to demonstrate its ability to benefit ordinary people. (Source: Cointelegraph)

Bitcoin lending protocol Zest Protocol stated that, out of an abundance of caution, it has suspended new lending operations following the Binance attack to protect users, and will resume lending services soon. Zest Protocol products have no exposure to Binance.