US stocks opened lower, and cryptocurrency stocks generally fell.

- Elon Musk launches X Chat, an encrypted messaging app rivaling WhatsApp/Telegram using Bitcoin-inspired peer-to-peer encryption. - The ad-free platform eliminates metadata collection and prioritizes end-to-end encryption for texts, files, and future voice/video calls. - X Chat aligns with Musk's expanding digital ecosystem (including Grokipedia) but faces scrutiny over xAI's past AI failures and implementation risks. - Critics question encryption's security while Musk compares its resilience to Bitcoin,

- Shiba Inu (SHIB) surged to $0.00001034, driven by market cap recovery and community-led token burns. - Technical indicators signal a potential $0.0000110–$0.0000115 target, but overbought conditions risk short-term pullbacks. - Structural challenges persist: Shibarium's TVL remains below $1M, and SHIB's 589 trillion supply undermines deflationary goals. - Market sentiment is split, with bulls citing buying pressure and bears warning of a 25% crash if support fails.

- Faruk Fatih Ozer, Thodex founder, died in prison on Nov 1, 2025, while serving an 11,196-year sentence for fraud and leading a criminal organization. - His death reignited scrutiny over Thodex's 2021 collapse, which left investors with $2.6B losses after Ozer allegedly embezzled $253.71M and fled to Albania. - Ozer's extradition in 2023 and record prison term highlighted risks of unregulated crypto exchanges, fueling global calls for stricter digital asset oversight. - Authorities investigate potential s