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More →Domestic News 1. Xi Jinping inspected Ulanqab City in the Inner Mongolia Autonomous Region on the 16th.
Bitcoin World News, Domestic News: 1. Xi Jinping inspected Ulanqab City in the Inner Mongolia Autonomous Region on the 16th. 2. The Ministry of Industry and Information Technology and three other departments organized key automobile manufacturers to hold discussions on strengthening innovative design and R&D testing and verification management of automobile products. 3. Pan Gongsheng, Governor of the People's Bank of China, met with European Central Bank President Christine Lagarde and central bank governors of other countries. 4. A spokesperson for the Ministry of Commerce answered reporters' questions on the EU summit's "dual-track" approach toward China. 5. Six departments launched the three-year "Warmth Project" action for urban heating. 6. The National Development and Reform Commission and two other departments issued guiding opinions on further improving the price formation mechanism and promoting the improvement of quality and expansion of inclusive elderly care services. 7. The Ministry of Commerce and the Ministry of Science and Technology plan to revise the Catalogue of Technologies Prohibited or Restricted from Export in China, adding certain artificial intelligence, biomedicine, and photovoltaic technologies. 8. The People's Bank of China solicited public opinions on the Rules for the Administration of Bond Issuance in the Interbank Bond Market.
Federal Reserve: U.S. loan delinquency rate jumps to 19.6%, median household wealth rises to $215,900
According to news from Bijie, the latest data from the Federal Reserve shows that the U.S. loan default rate has jumped to 19.6%, with nearly one in five indebted households reporting overdue payments, a significant increase from 12.2% in 2022. Although median household wealth rose to $215,900, the proportion of households with overdue payments reached its highest level since 2010. The survey also found that the share of households more than 60 days overdue rose from 4.9% to 8.2%. In addition, the debt-to-income ratio for debt payments among indebted households also rose from 13.4% to 15.4%.
AI debt risks raise market alarm as investors question returns on massive tech investments
AI debt risks raise market alarm as investors question the return prospects of massive investments in tech stocks. Financial instruments in the credit default swap (CDS) market function like insurance for Wall Street's debt trading. When the market is functioning normally, such instruments rarely attract attention. But when the cost of insuring against a company's debt default begins to rise, it often signals that underlying market concerns are intensifying. Now, that alarm is sounding for some of the world's best-known technology companies. Since the fall of 2025, CDS prices for companies such as Microsoft, Nvidia, Meta, and Amazon have risen sharply, with some even doubling. This indicates that investors are starting to question whether the AI boom can ultimately generate enough returns to support the entire industry's massive debt-fueled investment. For example, a tech company borrows huge sums from banks to expand data centers, and in recent years such loans have often reached billions of dollars.
Tesla shares fell 1.3%, hitting a fresh intraday low of $357.61.
Tesla shares fell 1.3%, hitting a fresh intraday low of $357.61, as investor excitement over the Roadster cooled.
Cobo announces that its wallet app will be shut down on December 1.
According to news from Bijie, digital asset custody service provider Cobo has announced that due to business strategy adjustments, the Cobo Wallet app will officially shut down on December 1. Users must transfer out all assets before 23:59 (UTC+8) on November 30. Assets not transferred out after the deadline will incur a monthly account management fee of 2%, with a minimum monthly charge equivalent to 100 USD. If the account balance is less than 100 USD, the entire balance will be deducted at once. The first charge will be on January 1, 2027, and the fee will continue to be charged until all assets are transferred out or fully deducted. Cobo stated that its other businesses will not be affected by this adjustment and will continue to operate normally.
The U.S. 10-year real yield is reported at 2.84%.
CoinWorld US stock data: The latest daily reading of the US 10-year real yield is 2.84%. Compared with the same-caliber snapshot 24 hours ago, it fell by 0.04 percentage points; compared with the same-caliber snapshot 7 days ago, it fell by 0.08 percentage points.
KuCoin Alpha新上线代币— baton (BATON)
KuCoin News: KuCoin has announced that the emerging project baton (BATON) is now listed and tradable on KuCoin Alpha. The token's contract address is hg5ja55t5wesq4vyfoivcmehxtgyva69x2uhq8hgpump, and traders should note that there is a 0.25% buy tax and sell tax when trading. KuCoin reminds users that tokens listed on KuCoin Alpha may carry higher risks, including significant price volatility and potential loss of capital. Users are advised to conduct their own independent research and ensure they fully understand the associated risks. KuCoin will continue to review the development of KuCoin Alpha projects, and if a token no longer meets the listing standards, KuCoin reserves the right to suspend or delist the token.
Bitcoin ETF trading volume exceeded $7.5 billion this week.
Bitcoin ETF trading volume exceeded $7.5 billion this week through Thursday, with $145 million in net selling during the period, according to Bitcoin Archive.
Datadog uses Zhipu GLM to train operations AI: solves 80 of 90 fault assessments, ties with GPT-6 Astra
According to CoinWorld news, Datadog has launched its first dedicated operations model, Scout 1.0, built on the open-source GLM-5.3 Flash from Zhipu, specifically designed to troubleshoot online system failures. The model can query logs, monitoring metrics, and service call chains to progressively identify the root cause of failures. Datadog used real incidents and monitoring data to build a simulated environment and trained the model through reinforcement learning, enabling it to learn to rule out false leads and support diagnostic conclusions with evidence. In 90 troubleshooting tasks on the public benchmark SRegym, Scout's highest reasoning tier completed 80 diagnoses and fixes, tying with GPT-6 Astra Xhigh and trailing GPT-6.1 SOL Xhigh by only 2 tasks. Scout has been integrated into Datadog's Bits Investigation and is currently available only to a small number of customers in closed preview. At this stage, it is mainly responsible for identifying the cause of failures and proposing recovery recommendations, while automatically executing fixes remains a goal for future development.
Jack Henry expands partnership with Google Cloud to offer tokenized deposit services.
Jack Henry announces the expansion of its partnership with Google Cloud to serve banks and credit unions through Google Cloud Universal Ledger. Jack Henry becomes the first core banking technology provider to integrate with Google Cloud Universal Ledger, a service that enables financial institutions to tokenize and transfer funds and assets on a real-time ledger, achieving programmable 24/7 settlement.