The amount of $Bitcoin(BTC.CC)$ and $Ethereum(ETH.CC)$ leaving exchanges has grown significantly in the past few days, according to data from glassnode and IntoTheBlock. In the past two weeks, about 61,000 BTC and 151,000 ETH have been transferred out. That is worth about $2.6 billion of BTC and $492 million of ETH.
When major assets like BTC and ETH leave exchanges, it is generally a sign that investors are ...

The risk-off attitude and selling pressure across the global crypto market showed no sign of abating over the weekend, with losses in $Bitcoin(BTC.CC)$ and $Ethereum(ETH.CC)$ adding to a brutal week. Bitcoin, the largest cryptocurrency by market value, fell to as low as $34,042.77 on Saturday, representing a loss of more than 50 percent from its all-time high last November. 
Many investors see Bitcoin as a great hedge against inflation. However, BTC pric...

$Ethereum(ETH.CC)$ down down down to the bottom of the sea, where our salty friend spongebob waits for you and me

The stock market seemed to be moving back into rally mode following Friday's pullback amid the emergence of the Omicron variant of Covid-19. 
When investors are considering whether they should sell all of their position to avoid a huge correction, suddenly, the major indices just went all the way up and close to their all-time high. 
After the stock market opened Monday, the $Dow Jones Industrial Average(.DJI.US)$ rallied 0.35%, while the $S&P 500 Index(.SPX.US)$ moved up 1%. The tech-heavy $Nasdaq Composite Index(.IXIC.US)$ climbed 1.6%.
$Apple(AAPL.US)$ traded up over 2% in Monday's morning action, while $Microsoft(MSFT.US)$ moved up 1.9% , $Tesla(TSLA.US)$ rallied over 5%. $Rivian Automotive(RIVN.US)$ rose about 3.5%, while $Lucid Group(LCID.US)$ gained 1.8%. Chinese EV leader $Li Auto(LI.US)$ bolted higher after delivering earnings, while $XPeng(XPEV.US)$ raced over 4% higher.
So the dip was like a prank. It hurt investors' feeling and soon vanished in the air without any clue.
 
Source:
Dow Jones Rallies After Stock Market Rout; Vaccine Maker Moderna, Tesla Rival Surge

Spoiler:
At the end of this post, there is a chance for you to win points!
Happy Monday mooers! Welcome back to Weekly Buzz, where we review the news, performance, and community sentiment of the selected buzzing stocks on moomoo platform based on search and message volumes of last week! (Nano caps are excluded.)
Part Ⅰ: Make Your Choices
Part Ⅱ: Buzzing Stocks List & Mooers Comments
Every major index moved lower last week. Here is the weekly buzzing stock list of last week:
1. TSLA - Buzzing Stars: ⭐⭐⭐⭐⭐
Tesla CEO Elon Musk’s trust sold about $1.2 billion in Tesla stock, Tesla stock declined 15.4% for the week, marking the company’s worst one-week performance in 20 months.
● Mooers comment
@Daniel Acret:
There's a New Kid in Town
Everybody's talking
'bout the New Kid in town
They will never forget TSLA
till Rivian comes around
Everybody's talking
'bout the new coin in town
they won't forget BitCoin
till Ethereum comes along.
@DayleyTrades: ⭐⭐⭐⭐
2. AMC - Buzzing Stars: ⭐⭐⭐⭐
With the CEO of AMC selling more than a million shares, AMC's stock price closed at $40.000 with a weekly decrease of 4.08%. The good news is that AMC theaters have joined the crypto bandwagon and the company’s customers can do the online payment via them.
● Mooers comment
@Smoke-A-Shotgun: $AMC Entertainment(AMC.US)$
@Coffee Drip: $AMC Entertainment(AMC.US)$ if you are freaking out over this drop.. You haven't been here long. Lol take a break go eat some toast and watch Netflix or go get some fresh air and calm down. This is not that bad. I've been in amc since like the 2.00 days and even before that. I watched covid almost take out AMC and held on and bought more. Stocks go up and down.
3. RIVN - Buzzing Stars: ⭐⭐⭐⭐
Rivian Automotive has made a strong start in the market, trading at more than 30% above its IPO price and with a market cap of about $100 billion. Its stock price closed at $129.950, with a weekly rise of 66.60%.
● Mooers comment
@GetMeABeerDude: how I feel about this stock right now
$Rivian Automotive(RIVN.US)$
@Palmyra:  Rivian IPO: 5 things to know about the Amazon-backed electric-vehicle maker
$Rivian Automotive(RIVN.US)$ Losses have mounted as the business grows. Perhaps not surprisingly, Rivian has never made money, and doesn’t expect to turn a profit in the “foreseeable future” as it invests in its business. Read more...
4. LCID - Buzzing Stars: ⭐⭐⭐⭐
LCID stock closed at $43.930 last Friday with a weekly rise of 5.10%, despite almost doubling in selling price over the past month.
● Mooers comment
@101505797
$Lucid Group(LCID.US)$
5. PLTR - Buzzing Stars: ⭐⭐⭐
RBC Capital has downgraded Palantir's stock from sector performance to underperform and lowered its share price projection from $25 to $19. The shares of PLTR lost 12.19% last week and finally closed at $22.830.
● Mooers comment
@FiveHundredCents: Cathie Wood Rushes To Load Up $36M In Palantir As Its Stock Crashes 9%
Cathie Wood’s money managing firm Ark Invest on Tuesday bought 1.48 million shares— estimated to be worth $35.98 million— in $Palantir(PLTR.US)$ on the dip and after months of booking profit in the stock.Shares of the Peter Thiel-backed company closed 9.35% lower at $24.25 a share on Tuesday. Read more...
6. NVDA - Buzzing Stars: ⭐⭐⭐
Analysts from four different institutions have raised their estimations of Nvidia's intrinsic value, ranging from $340 to $360 per share. Its stock price closed at $303.900, with a weekly rise of 2.14%.
● Mooers comment
@efficentupup: The Biggest Beneficiary Of The Meta Universe?
On November 9th, NVIDIA announced at the 2021 GPU Technology Conference (GTC 2021) that it would upgrade its product route to a "three-core" strategy of "GPU+CPU+DPU". "(Omniverse) platform is positioned as "engineer's meta-universe". Read more...
7. NIO - Buzzing Stars: ⭐⭐⭐
In China, demand for electric vehicles continues strong, with Nio reporting record bookings in October. NIO stock was up 0.90% to $42.670 last week.
● Mooers comment
@Sourav Pan: Nio rallies after Citi boosts price target on positive view of market share $NIO Inc(NIO.US)$ is up 3.25% in early trading to cut into the post-earnings decline. Citi boosts its price target on Nio to $87 from $70 on its expectation that the Chinese EV player will nab more market share. Read more...
8. PYPL - Buzzing Stars: ⭐⭐⭐
PYPL stock price close at $208.300 with a weekly decrease of 7.74%. PayPal Holdings' stock plummeted a day after the company released third-quarter results and predictions that fell short of Wall Street expectations on several fronts.
● Mooers comment
@Deezy_McCheezy
$PayPal(PYPL.US)$
It’s really quite simple.
Buy the dip.
If it does dip more buy some more.
Hold for a minimum of 12-18 months and double your money.
9. AMD - Buzzing Stars: ⭐⭐⭐
AMD stock increased 8.47% to $147.890 over the past week. Meta Platforms has announced a major push into data centers as part of its mission to build a metaverse.
● Mooers comment
@Handy_:
Advanced Micro Devices $Advanced Micro Devices(AMD.US)$ is about to enter the metaverse.
The chip giant said its EPYC chips were selected by Meta (formerly known as Facebook) to help power its data centers at its virtual Accelerated Data Center Premiere event Monday. Read more...
10. PHUN - Buzzing Stars: ⭐⭐
PHUN shares were down 3.08% to $4.090 last week with the extreme volatility of the PHUN stock in October， investors have decided that the asset's fundamental value is far less essential than the observable demand increase.
● Mooers comment
@勇者无惧的亚希伯恩:
$Phunware(PHUN.US)$
Phunware is scheduled to announce Q3 earnings results on Thursday, November 11th, after market close.The consensus EPS Estimate is -$0.04(+78.9% Y/Y) and the consensus Revenue Estimate is $2.27M (-27.5% Y/Y).Over the last 3 months, EPS estimates have seen 2 upward revisions and 2 downward. Read more...
Thanks for your reading!
Awarding Moment
Before moving on to part three, congrats to the following mooers whose comments were selected as the top comments last week!
@GratefulPanda @makankaki @Jia Yung @Syuee @HopeAlways @Dadacai
We really appreciate your great insights! Read the top comments last week!
Notice: Reward will be sent to you this week. Please feel free to contact us if there is any problem.
Part Ⅲ: Weekly Topic
Time to be rewarded for your great insights and knowledge!
This week, we'd like to invite you to comment below and share your idea on:
"Does deciding to invest mean taking a gamble?"
We will select 20 TOP COMMENTS by next Monday.
Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
*Comments within this week will be counted.
Top Comment Technique:
● Fundamental / Technical / Capital Analyses
● Personal Trading Experience
● Any bright insights or knowledge
Previous of WeeklyBuzz
Weekly Buzz: "My first investment in the stock market."
Weekly Buzz: "What is Metaverse?"
Weekly Buzz: "Have some PHUN."
Disclaimer: Comments below are made available for informational purposes only. Before investing, please consult a licensed professional.

Stocks set for steady open as policy meetings loom
Asian stocks looked set for a steady open Tuesday as traders evaluated a record-high close for U.S. equities and awaited key central bank decisions amid concerns about elevated inflation.
Futures were little changed for Japan and rose for Hong Kong. Australian stocks opened little changed. U.S. contracts fluctuated after optimism over corporate earnings saw the $S&P 500 Index(.SPX.US)$ hit a new peak and the $Dow Jones Industrial Average(.DJI.US)$ touch 36,000 for the first time. Electric-vehicle giant $Tesla(TSLA.US)$ extended a rally. An index of Chinese stocks traded in the U.S. jumped the most since early October.
Smaller stocks are poised to shine, dot-com veteran Jacob says
Ryan Jacob, a veteran of the dot-com boom-and-bust era who has worked his way back to the upper reaches of the fund-performance heap, isn't worried about equities being expensive, though he expects smaller stocks to outperform heading into 2022.
"We're heading for a period where small caps are going to outperform large caps to a significant degree. And it has to do with interest rates" heading higher, he said.
GameStop leads the way as meme stocks eye best day since August
A group of retail-trader favorites is on pace for its best day since late August, led by a mid-afternoon surge for $GameStop(GME.US)$.
The basket of 37 so-called meme stocks tracked by Bloomberg soared as much as 14% Monday as trading volume for the video game retailer and speculative peers accelerated. GameStop and $SoFi Technologies(SOFI.US)$ led the group higher as mentions on platforms like Stocktwits and Reddit's WallStreetBets jumped.
Singapore has grand ambitions to become a global crypto hub
"We think the best approach is not to clamp down or ban these things," said Ravi Menon, managing director of the Monetary Authority of Singapore, which regulates banks and financial firms.
Instead, MAS is putting in place "strong regulation," so firms that meet its requirements and address the multitude of risks can operate, he said in an interview.
Rivian Automotive targets IPO valuation just above $60 billion
$Rivian Automotive(RIVN.US)$ is seeking a valuation in a range just above $60 billion in its initial public offering next week, one of the biggest and most-anticipated deals yet in a blockbuster year for new issues.
Shiba inu passes dogecoin in the top 10 cryptocurrencies
Two meme cryptocurrencies, both inspired by shiba inu dogs, are now within the top 10 by market value.
As of Monday afternoon, dogecoin, which launched in 2013 as a joke, ranks No.10 with a market value of over $35 billion, according to CoinGecko. It’s currently trading at around 27 cents. A token called shiba inu, which launched in 2020 to poke fun at dogecoin, ranks No.9 with a market value of over $38 billion. Shiba inu hit an all-time high of $0.00008616 on Thursday.
Amazon plans to launch its first internet satellites in late 2022
"There is no substitute for on-orbit testing, and we expect to learn a lot given the complexity and risk of operating in such a challenging environment," $Amazon(AMZN.US)$ vice president of technology Rajeev Badyal said in a statement.
Called KuiperSat-1 and KuiperSat-2, Amazon said the satellites will launch with rocket builder ABL Space on its RS1 vehicle.
A Singapore start-up raked in almost $3 million in sales in 2 months — all through Facebook
In September 2020, the three co-founders of Singapore-based Mdada, a social commerce start-up, did their first $Meta Platforms(FB.US)$ livestream to sell products.
To date, Mdada has garnered more than 5 million livestream views, with more than 28,000 followers. The company has grown to almost 30 employees. Mdada's unaudited revenue for the financial year ended Sept. 30 came in at about $15 million Singapore dollars ($11.1 million).
Source: Bloomberg, WSJ, CNBC