According to Coin World Network, Axios reported that on Tuesday, House Republicans elected Jim Jordan, chairman of the House Judiciary Committee, as the new minority leader. Jordan defeated Steve Scalise, the second-ranking Republican in the House, in a secret party vote. Jordan is one of the founding members of the House Freedom Caucus and holds a hardline stance. His victory reflects the Republican Party's search for leadership and strategic adjustments after losses in the midterm elections. J

According to Coin World Network, the AI smart contract project GenLayer has completed the migration from the zk stack to the Arbitrum Nitro technology stack, with the chain infrastructure operated by Conduit. The Bradbury testnet is already running on the new technology stack, and the future Clarke testnet and mainnet will also adopt this technology stack. This migration involves bridging, Ethereum integration, and on-chain gas cost handling, while the core protocol and smart contract operation

According to Coin World News, SoftBank Group has recorded a $3.7 billion impairment on its data center projects, including a non-refundable prepayment of $2.85 billion made to equipment companies for an 8 GW project in Ohio, USA, and other data centers. Among power and equipment companies, GE Vernova fell 9.9%, while the stock prices of Bloom Energy, Eaton, Vertiv, and Caterpillar also declined. This reverses the upward trend driven last year by AI data center construction demand. JPMorgan analy

According to Coin World Network, citing The New York Times, Syria is considering deploying thousands of troops to Saudi Arabia and Yemen to assist Saudi Arabia in countering the Iran-backed Houthi forces. Syrian and Yemeni officials familiar with the matter revealed that Syrian military reconnaissance teams have visited the two countries in recent weeks to survey deployment locations and coordinate with local military forces. Last month, about 150 Syrian soldiers and commanders also accompanied

Coin World News reports that the U.S. bond market experienced its most severe sell-off since April 2025, influenced by inflation data exceeding expectations and hawkish remarks from Federal Reserve officials. On Tuesday, the yield on the 2-year U.S. Treasury briefly surged 21 basis points to 4.77%. Federal Reserve Governor Waller stated that if inflation continues to accelerate, he would support a one-time 50 basis point rate hike. After the release of the U.S. Consumer Price Index (CPI) data fo

Coin World News reports that expectations for a Federal Reserve rate hike are heating up, with the 10-year U.S. Treasury yield breaking above 5%, rising to 5.012%. The U.S. October CPI rose 0.4% month-over-month, exceeding the market expectation of 0.3%. Federal Reserve Governor Waller signaled a hawkish stance, pushing Treasury yields higher across the board, with the 2-year yield rising to 4.759%. The market estimates an 86% probability of a 25 basis point rate hike by the Fed in December, whi

According to Coin World Network, reported by Caixin on November 11, due to inflation exceeding expectations and warnings from Federal Reserve officials about potentially increasing the pace of rate hikes, the U.S. bond market experienced its most severe sell-off since April 2025. On Tuesday, the yield on the 2-year U.S. Treasury surged by 21 basis points to 4.77%, marking the largest single-day increase since the global market turmoil triggered by Trump's equivalent tariff measures. This volatil

According to Coin World News, Brazilian crypto exchange mercado bitcoin plans to resume deposits and withdrawals in Brazilian Real via the instant payment system PIX next week, with users only able to withdraw funds to accounts under their own name. The exchange will also credit customers' accounts with earnings from fixed income product settlements. Crypto asset deposits and withdrawals are still suspended, with the resumption date yet to be determined. The platform began restoring account acce

According to Coin World Network, due to inflation exceeding expectations and warnings from Federal Reserve officials about potentially increasing the pace of rate hikes, the U.S. bond market has experienced its most severe sell-off since April 2025. The yield on the 2-year U.S. Treasury note, which is more sensitive to Federal Reserve policy changes than long-term bonds, surged by 21 basis points to 4.77%, poised to mark the largest single-day increase since the global market turmoil triggered b

According to Coin World Network, Ukrainian Foreign Minister Serbiga stated at the tripartite talks between Ukraine, the US, and Russia held in Abu Dhabi, UAE, that Ukraine has put forward several core demands, including easing the situation, implementing a ceasefire, establishing a security guarantee mechanism, and promoting a meeting between Ukrainian President Zelensky and Russian President Putin. He believes that a direct meeting between the Ukrainian and Russian leaders is expected to accele