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11/7
07:43
EU demands TikTok modify its "For You" recommendation algorithm, threatening hefty fines
The European Union has demanded that TikTok modify its "For You" recommendation algorithm, threatening massive fines. The European Commission stated on Friday that TikTok's algorithm traps users in inescapable "rabbit holes" by continuously pushing similar videos, violating the EU's Digital Services Act (DSA). If the issue is not resolved, the platform could face fines of up to 6% of its global turnover. TikTok rejected the demand, calling the assessment inaccurate and a distortion of its platform architecture.
07:38
Berkshire Hathaway's utility subsidiary Pacific Power is seeking a 57% rate hike in California.
Pacific Power, the electric utility subsidiary of Berkshire Hathaway, is applying to California regulators for a 57% rate hike, which would increase the average monthly electricity bill for local residents by $120.
07:28
Paraguay banking crisis triggers currency depreciation, Bitcoin and USDT trade at a premium in P2P markets
Paraguay is facing a banking crisis that has triggered currency devaluation, pushing Bitcoin and USDT to a premium in the P2P market. As a liquidity crisis at digital bank Ueno Bank sparked a bank run and caused a sharp depreciation of the local Guaraní against the US dollar, local P2P demand for Bitcoin and USDT surged, resulting in trading premiums. Data from CriptoNoticias shows that on November 6, the over-the-counter (OTC) purchase price of Bitcoin in Paraguay was equivalent to approximately $76,982.53, representing a premium of about 1.7% over international prices, while the purchase price of USDT also traded at roughly a 4% premium over the central bank's reference exchange rate.
07:11
Iranian air defense forces announced that they shot down a US MQ-9 drone over Qeshm Island.
Iran's air defense forces announced they have shot down a US MQ-9 drone over Qeshm Island, according to a military statement reported by Iran's state television IRIB, following earlier reports by local media of two projectile impacts on Qeshm Island in the Strait of Hormuz.
07:08
Musk retweeted a post stating that Starlink has connected over 500 locomotives and railcars for Rumo, Brazil's largest freight railway operator.
Musk retweeted a post stating that Starlink has connected over 500 locomotives and railcars for Rumo, Brazil's largest freight railway operator. The Autotrac system can switch between 4G and Starlink, enabling trains to maintain real-time communication with the control center even in areas without cellular coverage.
07:00
U.S. Central Command stated that the situation around Qeshm Island in the Strait of Hormuz is "relatively calm."
The U.S. Central Command stated that the situation around Qeshm Island in the Strait of Hormuz is "relatively calm." Earlier, Iranian state media reported that explosions were heard and two projectile impacts occurred on the island. A U.S. Central Command official told Al Jazeera that they are aware of the reports and have no further comment at this time.
06:40
Seres and Li Auto plan to enter the European market by 2027.
06:29
Qatar's International Media Office has denied reports that "the US and Iran failed to reach an agreement."
The Qatar International Media Office has denied reports that the United States and Iran have failed to reach an agreement. Qatari officials stated that circulating online claims—attributing to the Prime Minister and Minister of Foreign Affairs that the U.S. and Iran failed to reach a deal—are false and misleading. Qatari mediators are maintaining close coordination with both the U.S. and Iran to support the ongoing negotiations. Previously, Qatari Prime Minister and Minister of Foreign Affairs Sheikh Mohammed stated in a public interview on Friday that neither the U.S. nor Iran should wait for a "perfect moment" to reach an agreement to end the conflict.
06:13
US President Donald Trump has appointed Stephen Miller as the new White House Chief of Staff
US President Donald Trump has appointed Stephen Miller as the 33rd White House Chief of Staff, succeeding the departing Susie Wiles.
06:04
Tether's tokenization platform Hadron's 24/7 asset liquidation plan relies on buyers being willing to wait for cash redemption.
Tether's tokenization platform Hadron relies on buyers being willing to wait for cash redemption for its 24/7 asset liquidation plan. On November 5, Tether reached an agreement with data and settlement provider RedStone to provide price feeds, net asset value data, and auction-based settlement services for asset issuers on the Hadron platform. While aimed at achieving 24/7 liquidity through liquidity providers advancing funds, its practical feasibility still depends on whether market buyers are willing to bear the issuers' redemption waiting period.
05:58
Iranian state media reported that "aircraft sounds" were heard and two projectile impacts occurred on Qeshm Island in the Strait of Hormuz.
Iranian state media reported that the sound of "aircraft" was heard over Qeshm Island in the Strait of Hormuz, followed by two projectile impacts. According to the Islamic Republic News Agency (IRNA), local residents on Qeshm Island, located in the Strait of Hormuz, reported two projectile impacts in the Susa area of the island. The report noted that local and provincial authorities have not yet commented on the details of the incident.
05:54
US Department of Treasury Sanctions Eight Canadian Money Service Businesses for Facilitating Transactions for Iran-Linked Entities
The U.S. Department of the Treasury has announced sanctions against eight Canada-based money services businesses, accusing them of allegedly facilitating transactions for sanctioned Iranian entities. U.S. Treasury Secretary Scott Bessent stated that Canada cannot become a safe haven for illicit financial facilitators providing sanctions-evasion services to the Iranian regime and its proxies. The sanctioned entities are located in Ontario and British Columbia, including Diverse Trade Inc (operating as Million Exchange), 1380079 BC Limited, Top PC Technician Inc, NIA Nations Currency Ltd, 2397639 Ontario Ltd (operating as Farah Exchange), CCC Inc, B Galaxy Inc, and Darvish Exchange.
05:36
Hundreds of protesters stormed the construction site of Microsoft's data center in Amsterdam and clashed with police, with approximately 150 to 200 people arrested
05:36
Bloomberg: Hedge funds cut crude bullish bets to largest reduction since June ahead of US election
05:34
U.S. Treasury's FinCEN Orders MEXC Cut Off from U.S. Financial System, Citing $16B in Illicit Transactions
The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has issued a final order cutting off offshore crypto exchange MEXC Global from the U.S. banking system, alleging its involvement in at least $16 billion in illicit transactions. Under Section 9714(a) of the Combating Russian Money Laundering Act, 30 days after publication in the Federal Register, covered U.S. financial institutions will be prohibited from conducting any funds transfers with MEXC Global and its affiliated entities. The Treasury alleges that between May 2021 and May 2026, MEXC facilitated at least $16 billion in illicit fund flows, including nearly $1.5 billion related to Russian sanctions evasion and approximately $22 million linked to the Central Bank of Iran and the Islamic Revolutionary Guard Corps-Qods Force.
05:30
Qatari Prime Minister Calls on US and Iran Not to Wait for "Perfect Moment" to Reach Peace Agreement
Speaking in a public interview at the University of Oxford, Qatari Prime Minister and Minister of Foreign Affairs Sheikh Mohammed bin Abdulrahman Al Thani stated that the United States and Iran should not wait for a "perfect moment" to reach an agreement to end the conflict, pointing out that "we will never have a perfect peace agreement, but you cannot wait for that perfect moment." Previously, U.S. President Donald Trump stated that the U.S. side is in talks with representatives from Tehran.
05:28
US Stocks Close Mixed: Dow Falls 0.46%, Nasdaq Gains 1.09%; Strong Employment Data and AI Rebound Fail to Fully Ease Market Anxiety
05:24
According to the Financial Times, Anthropic plans to conduct an IPO in November, aiming to raise $80 billion to $100 billion.
According to the Financial Times, Anthropic plans to conduct an initial public offering (IPO) in November, aiming to raise $80 billion to $100 billion with a valuation target between $1.25 trillion and $1.75 trillion.
05:24
OpenAI completes $11 billion new funding round, valuing the company at $1.25 trillion
05:15
According to the Financial Times, Anthropic is planning to proceed with an IPO at a valuation of $1.5 trillion, with a targeted listing before Thanksgiving.
According to the Financial Times, Anthropic, the developer of Claude, plans to proceed with its initial public offering (IPO) at a $1.5 trillion valuation and target a public listing before Thanksgiving, despite facing a severe tech stock sell-off.
05:11
METR Report: Acceleration in Anthropic Model Benchmarking Progress, Some Key Evidence Redacted
METR Report: Anthropic Model Benchmarking Progress Accelerates, Key Evidence Redacted. Independent model evaluation organization METR released an evaluation report stating that Anthropic's AI models progressed at about twice the speed in executing tasks with clear success criteria in October compared to the period between March 2024 and October 2025. The report suggests that AI assistance may be the primary driver behind this recent acceleration, but Anthropic redacted most of the core evidence supporting this conclusion. Anthropic co-founder Sam McCandlish responded that the redactions were made because the relevant details are commercially sensitive and could accelerate the progress of other developers.
05:06
Musk reposts estimate: Digital superintelligence to boost global economic growth by 20% to 30%
Musk retweeted a post stating that digital superintelligence is expected to boost the entire global economy by 20% to 30%, adding approximately $25 trillion in economic output, and this does not yet factor in the massive productivity gains brought by humanoid robots.
05:04
Waller Street projects the US debt ceiling will hit $41.1 trillion in February
Wall Street forecasts that the U.S. debt ceiling will hit $41.1 trillion in February, at which point the U.S. Department of the Treasury will need to take extraordinary measures to cope with a cash crunch crisis expected in late 2027.
05:04
Musk: SpaceX is preparing to use "Ship 42" for its first attempt to catch the Starship upper stage with the launch tower
05:02
Musk: In the era of superintelligence, scaling giant corporate revenues to the next level will feel very slow
Musk reposted a post stating that in the past, it was a remarkable feat for large enterprises to roughly double in size after reaching revenue scale, but in the face of superintelligence, this appears extremely slow.
05:00
EUR/USD fell 0.73% from its previous close, currently trading at 1.1142
05:00
Musk reposted a post explaining the Starship "chopsticks" capture mechanism, stating that theoretically, it could achieve a turnaround time of once per hour.
Musk retweeted a post explaining the Starship "chopsticks" catch mechanism, stating that theoretically it could achieve a one-hour turnaround time. Musk explained to Ron Baron why SpaceX uses the launch tower's "chopsticks" mechanical arms to catch Starship, comparing it to "Mr. Miyagi catching a fly in *The Karate Kid*, just scaled up," and noted that landing directly back at the launch site enables the fastest turnaround, theoretically allowing the Super Heavy booster to be relaunched every hour, enabling Starship to fly like an airplane.
04:48
Azizi, head of the Iranian Parliament's National Security Committee, stated that the US and Israel will be made to pay a price.
Ebrahim Azizi, Head of the National Security Committee of the Iranian Parliament, posted on X that Iran will not let US President Donald Trump "leave the region without cost and reparations," adding that any mistake will be met with a decisive response. Previously, Iran's Supreme Leader had ordered the military to update its target database and prepare a "geographically unrestricted" response to any new attacks.
04:47
US Treasury withdraws controversial crypto surveillance 'travel rule' proposal
04:45
TRM Labs Executive: Binance Hacker Incident Akin to "Cyber Warfare," Calls for Government Offensive Actions Against North Korean Hackers

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