PA Daily | Kite has launched the airdrop inquiry portal; Binance Alpha will launch Dino Tycoon (TYCOON) on November 4th

Reminder: Today’s Top News

1. Next Week’s Macro Outlook: Non-farm “Sneaks In,” Tariff Case Under Trial, Gold Enters Seasonal Strong Period

2. Berkshire Hathaway Cash Reserves Reach $381.67 Billion, Setting a Record

3. Tom Lee’s Fund Analyst: Five Reasons Indicate the Market Has Not Peaked

4. KITE Foundation: Airdrop Query Now Live, Distribution Opens November 3

5. Binance Alpha to Launch Dino Tycoon (TYCOON) on November 4

6. A Smart Money Account Started a 5x Leverage ZEC Long Position on October 26, Returning 110.59%

7. NFT Trading Volume Dropped About 30% This Week to $95.8 Million

Macro

Next Week’s Macro Outlook: Non-farm “Sneaks In,” Tariff Case Under Trial, Gold Enters Seasonal Strong Period

This week’s market began with a series of potential risks, but through efforts from various parties, these risks were gradually resolved, leading to a temporarily positive market sentiment. The Federal Reserve’s hawkish outlook benefited the US dollar, pushing the dollar index to a two-month high. The “Big Seven” tech giants in the US stock market all reported positive earnings and outlooks, fueling the AI boom further. Here are the key points to watch in the coming week:

• Monday 22:45: US October S&P Global Manufacturing PMI Final
• Tuesday 01:00: Speech by FOMC Voting Member and San Francisco Fed President Daly
• Tuesday 23:00: US September JOLTS Job Openings
• Wednesday 21:15: US October ADP Employment Change
• Thursday 21:30: US Initial Jobless Claims for the week ending November 1
• Friday 00:00: Speech by FOMC Permanent Voting Member and New York Fed President Williams
• Friday 01:00: Speech by FOMC Voting Member and Cleveland Fed President Harker
• Friday 05:30: Speech by FOMC Voting Member and Philadelphia Fed President Powelson
• Friday 06:30: Fireside Chat on Monetary Policy by FOMC Voting Member and St. Louis Fed President Moussoun

Next week will see a large release of US private sector data. Specifically, the often-overlooked JOLTS job openings and Challenger layoffs data will attract attention, but all eyes will likely be on two ISM surveys and the ADP employment report. A series of soft data releases are expected to reignite market expectations for a rate cut in December.

North America Begins Daylight Saving Time Today

According to Jintou, starting November 2, North America begins daylight saving time. Trading hours for US and Canadian financial markets (gold, silver, crude oil, US stocks, etc.) and economic data releases will be delayed by one hour compared to daylight saving time. From next week onward, gold, silver, and crude oil markets will open at 07:00 Beijing time, and US stocks at 22:30 Beijing time. Investors should take note.

Berkshire Hathaway Cash Reserves Hit $381.67 Billion, a Record

According to Jintou, Berkshire Hathaway’s cash reserves reached a record $381.67 billion. In Q3, net investment gains were $17.311 billion, up from $16.161 billion in the same period last year. As of September 30, 2025, 1,438,223 Class A equivalent shares were issued, marking the 12th consecutive quarter as a net seller of stocks.

Top 5 Holdings in Berkshire Hathaway Q3: Apple, Bank of America, Coca-Cola, American Express, and Chevron

Berkshire Hathaway states that its equity investments have been concentrated in a few companies over the years. As of September 30, 2025, and December 31, 2024, the fair value of the top five holdings accounted for 66% and 71% of total equity investments, respectively. These holdings are: American Express (AXP), Apple (AAPL), Bank of America (BAC), Coca-Cola (KO), and Chevron (CVX). Additionally, it holds common stock of Occidental Petroleum (OXY).

California Regulator Fines Coinhub $675,000 for Excessive Fees on Bitcoin ATMs

The California Department of Financial Protection and Innovation (DFPI) fined Bitcoin ATM operator Coinhub $675,000 for charging excessive fees. Of this, $105,000 is for compensating California consumers who paid fees exceeding the maximum limits. This is the fourth enforcement action by regulators targeting crypto ATM operators accused of exploiting consumers.

US Government Shutdown Continues, 3 Days to Match Longest Record

According to Zhitong Finance, the current US federal government shutdown has entered its 32nd day since October 1, setting the second-longest shutdown in US history. Only three days remain to match the record of 35 days. Over the past month, the shutdown has impacted over a million US military personnel’s salaries and about 42 million Americans (1/8 of the population) face food shortages in November. Despite this, bipartisan deadlock persists. US Vice President Vance even stated that the shutdown could continue into late November.

Bank Indonesia Plans to Launch Digital Rupiah Based on Distributed Ledger Technology

Bank Indonesia will introduce a digital version of the Rupiah (Digital Rupiah), a digitalized version of the Rupiah Securities (Sekuritas Rupiah Bank Indonesia, SRBI), to be phased in before 2030.

The central bank plans to gradually advance, starting with pilot tests of digital securities issuance, transfers, and withdrawals between 2025 and 2026. Between 2027 and 2028, further testing of monetary operations and financial market transactions will occur. From 2029 to 2030, advanced features such as programmability, composability, and tokenization will be introduced. According to Indonesia’s “2030 Payment System Blueprint,” the Digital Rupiah will be built on distributed ledger technology.

Lechang Court in Guangdong Concludes a Foreign-Related Fraud Case Involving 4,619.9 Yuan

The Lechang People’s Court in Shaoguan, Guangdong, concluded a foreign-related fraud case where the criminal manipulated victims into investing in virtual currencies on fake platforms, deceiving victims of their assets. One foreign victim was defrauded of 4,619.9 Yuan. The court sentenced the offender to imprisonment ranging from six to eight months and imposed a fine. The judge warned that claims such as “only defrauding foreigners” are not legal exemptions; overseas is not outside the law, and such fallacies should not be believed.

Opinions

Michael Saylor: The Only Halloween Concern This Year Is Not Having Enough Bitcoin

Michael Saylor, founder and executive chairman of MicroStrategy, posted on X: “This Halloween, the only thing to worry about is not having enough Bitcoin.”

Tom Lee’s Fund Analyst: Five Reasons the Market Has Not Peaked

Fund analyst Mark Newton, affiliated with Tom Lee, tweeted that many try to use common technical indicators to argue that cryptocurrencies have peaked. He disagrees, citing:

1. Elliott Wave structures show no signs of a top.
2. No monthly DeMark signals have appeared.
3. Sideways consolidation weakens momentum, often turning MACD negative, but without wave confirmation of a sharp five-wave decline from a high, MACD turning negative isn’t decisive.
4. The medium-term trend remains intact (higher highs and higher lows since 2022).
5. Current market sentiment is far from indicating a substantial peak in the crypto market.

CZ: Willing to Fund an Excellent AI Judge Assistant Project

CZ posted on X about a weekend builder idea: an AI Judge Assistant. He said, “Train AI to understand written laws and past cases, then use AI to suggest judgments for each public case. Laws are public documents, including precedents, plaintiff and defendant statements, court records, and final rulings, as well as social opinions. While human decisions are influenced by emotions, hunger (before and after lunch), personal views, or political biases, AI should be more objective in theory.”

“He believes no country will adopt this technology soon, nor does he claim AI judges will be better. It largely depends on training quality. But it can be a powerful tool for judges, lawyers, and case personnel. Watching its development and applying it to market prediction or other areas could be interesting. I think developing it isn’t complicated. I am happy to fund an excellent AI assistant.”

Creditor Representative Sunil: FTX Creditors’ Actual Crypto Recovery Rate Is Only 9% to 46%

Sunil, representing FTX creditors, tweeted that creditors have not been fully repaid; the actual crypto recovery rate is between 9% and 46%. Considering that at a 143% payout, crypto prices were higher, the real recovery might be lower. Additional recoveries will come from some project airdrops outside bankruptcy proceedings. Currently, Paradex has distributed airdrops to FTX creditors, with more projects expected to follow.

Project Updates

KITE Foundation: Airdrop Query Now Live, Distribution Opens November 3

KITE Foundation tweeted that the KITE token airdrop query is now available, with distribution opening at 20:00 (UTC+8) on November 3.

Previously, Kite completed testnet and snapshot phases, with 48% of KITE tokens allocated to the community and ecosystem.

Binance Alpha to Launch Dino Tycoon (TYCOON) on November 4

According to official announcements, Binance Alpha will launch Dino Tycoon (TYCOON) on November 4. Eligible users can claim the airdrop by visiting the Alpha activity page and using Binance Alpha points after the trading opens. Details will be announced separately.

Binance: Airdrop Claim Starts at 19:00 Today, Minimum 235 Alpha Points Needed

Officially, Binance announced that at 19:00 (UTC+8) today, users holding at least 235 Binance Alpha points can claim the token airdrop. First come, first served, until the airdrop pool is exhausted or the event ends. Further details will be announced separately.

MetaMask Launches Rewards Program, Emphasizing Connection to Future TGE but Different

MetaMask tweeted that its rewards program is now live, designed to provide tangible rewards based on user activity, similar to off-chain reward programs. Rewards are measured in “points,” which can be exchanged for real rewards. MetaMask added, “The rewards program and future Token Generation Event (TGE) will be related but are separate; both will meaningfully reward you and the ecosystem.”

Ether.fi CEO: No Access to Bank Card Data or User Private Information

In response to community concerns that “100% of card info is transparent to middlemen,” Ether.fi CEO Mike Silagadze clarified that this is incorrect; Ether.fi does not access any bank card data or user private information.

Previously, EtherFi CEO stated they are investigating the theft of EtherFi cards, and all affected users will be refunded.

Important Data

NFT Trading Volume Dropped About 30% This Week to $95.8 Million

CryptoSlam data shows that NFT marketplace trading volume declined 30.73% over the past week, totaling $95.8 million. The number of NFT buyers increased 22.82% to 626,234, while sellers rose 13.54% to 469,316. NFT transaction count decreased 5.08% to 1,458,311.

Ethereum network transaction volume reached $40.28 million, up 12.94%. Bitcoin network transaction volume was $11.52 million, down 12.12%. Base network transaction volume was $10.09 million, up 8.73%.

High-value transactions this week included:

• CryptoPunks #8407 sold for $413,469.94 (100 ETH)
• Bored Ape Yacht Club #3105 sold for $359,769.63 (90 ETH)
• V1 CryptoPunks Wrapped #4350 sold for $248,839.14 (62.9 ETH)
• Autoglyphs #256 sold for $222,558.91 (59 WETH)
• CryptoPunks #7378 sold for $212,360.44 (51 ETH)

The “Whale who Shorted Before the 1011 Flash Crash” transferred 1,200 BTC (~$132 million) to Kraken in the past week

On-chain analyst Ai Yi monitored that the recent insider whale (the one who shorted heavily before the 1011 flash crash) has transferred a total of 1,200 BTC (~$132 million) to Kraken in the past week. The latest transfer was 50 minutes ago, depositing 500 BTC.

A Smart Money Account Achieved 110.59% Return Since Opening a 5x Leverage ZEC Long on October 26

On-chain analyst Ai Yi tracked that the smart money address 0x519…96a47 opened a 5x leverage long position on ZEC on October 26, holding 21,978.9 ZEC (~$9.24 million). It is the top ZEC long position on Hyperliquid. The entry price was $327.47, and the current return has reached 110.59%.