China is changing the global auto industry’s pecking order. China produced 34.5 million vehicles in 2025, far ahead of every other country. This isn’t just about manufacturing scale. It’s about who can build better cars, faster, cheaper, and increasingly with software and AI at the core. Japan built its dominance on quality. Germany on engineering. The next era will be defined by electrification, software, battery economics and speed of innovation. The real question isn’t who produces the most cars. It’s who captures the most value in the next decade. The auto industry isn’t just going electric. It’s being redefined.

Elon Musk on Why Leaders Can't Always Be Liked Leaders sometimes have to make unpopular decisions in what they believe are the company's best interests. Credit: The Builders / YouTube.

Binance Hack: $6.01B Stolen, $2.80B Frozen The Binance Hacker took $6.01B from Binance hot wallets on nine chains between 20:10 and 23:05 UTC on 29 October. Issuers have frozen $2.80B of it. $2.9B in ETH, BTC, TRX, SOL and altcoins is still movable.

Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified. The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far. Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete. As an immediate precaution, Binance has: - temporarily suspended deposits and withdrawals while security checks are completed; - revoked the affected address authorisation; - engaged law enforcement and blockchain intelligence partners to trace and recover funds. Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice. Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.

Every Language Tells a Story. Every Language Has a History. Ever wondered how English, French, Spanish, Hindi and Persian are connected? Or why Malay, Indonesian, Vietnamese and Chinese sound so different? Languages are like family trees. They evolve, branch out, borrow from one another and carry centuries of history, migration and culture. The fascinating part is that languages that sound completely different today may share a common ancestor thousands of years ago. Every time we learn a new language, we’re not just learning words. We’re discovering how humanity connects. Different languages. One human story. 🌏

There it is. Over 60% of the S&P 500's components are now in bear market territory, down -20% or more from their record highs. Four of the Magnificent 7 stocks are now in bear market territory, with these seven names erasing a combined -$4 trillion in market cap since their highs. We are in a "stealth" bear market. And, we believe it's a huge opportunity as we outlined below on October 15th.

Where will the next wave of wealth be created? Every generation has its gold rush. Retail. Real estate. E-commerce. Social media. Crypto. Now, AI. But here’s my take: the biggest opportunity isn’t just building the next AI startup. It’s using AI to transform traditional businesses, cutting costs, multiplying productivity, and doing things that were previously too expensive or too difficult. You don’t always need to invent the next big thing. Sometimes, you just need to reinvent what already works. The next generation of winners won’t just use AI. They’ll build their businesses around it. That’s exactly what we’re exploring at 10xme, making AI actually work for you. 🌐

Big Short's Steve Eisman is NOT buying the Anthropic IPO! His take on Prof G Markets: "There are no moats. You are committed to spend $800 billion where your entire franchise is just based on price." Anthropic filed Oct 26 for what could be the biggest IPO ever ($1.5T est). Filing shows $807B in compute commitments - $161B to Broadcom, $114.5B to Google, $110B to Amazon, up to $120.5B to SpaceX. Revenue: $16.3B in H1 2026, but Q3 growth slowed to 45% vs 144% in Q2.

China’s Auto Industry is coming for Europe & this is just the beginning. Look at the numbers: BYD grew 134.6% year-on-year in Europe in Jan–Sep 2026. Chery surged 255.9%. Leapmotor jumped 424.2%. These aren’t just impressive growth rates, they’re signals of a structural shift. Chinese automakers are no longer competing on price alone. They’re combining battery technology, software, manufacturing scale and increasingly competitive design to challenge incumbents on their own turf. What happens next? Over the next 3–5 years, I expect Chinese brands to capture a significantly larger share of Europe’s new-car market, driven by local manufacturing, expanding dealer networks and broader hybrid and EV offerings. But the road won’t be easy. Tariffs, regulation, brand trust and after-sales support will determine who survives the next phase. The bigger risk for European automakers isn’t that Chinese cars are cheaper today. It’s that Chinese companies may innovate faster while operating with a fundamentally different cost structure. Europe’s automotive giants built this industry over a century. The next decade could redefine it. The question isn’t whether Chinese automakers will gain ground in Europe. It’s how quickly and who will adapt fast enough to survive.