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MARA Holdings CEO Fred Thiel stated to shareholders that Bitcoin mining remains the core business of the company. Bitdeer Chief Strategy Officer Haris Basit mentioned that the company does not wish to rely on any single market cycle. Amid the sell-off of artificial intelligence stocks, some large Bitcoin mining companies that had previously shifted towards AI infrastructure are re-emphasizing their cryptocurrency business.After the Bitcoin halving in 2024, mining profit margins are being squeezed, and several mining companies are expanding their business into AI infrastructure. Recently, IREN and CoreWeave's stock prices have plummeted, with CoreWeave's bond yields reaching junk bond levels, and Bitcoin prices have also fallen from the historical high set in October 2025.

According to The Block, the DeFi Education Fund, Paradigm, Uniswap, and a16z led the submission of an amicus brief supporting the legal challenge by the crypto industry against Illinois' Digital Asset Tax Act. Aave Labs, Chainlink Labs, Figment, Phantom, Hyperliquid Policy Center, Solana Policy Institute, Stand With Crypto, and others co-signed the brief.The brief argues that the law is overly broad, imposes unfavorable tax treatment on transactions involving blockchain technology, and fails to clearly distinguish between taxable digital asset businesses and software and network infrastructure that helps users trade independently. It is estimated that 2.64 million residents in Illinois hold digital assets, ranking fifth in the nation.The law was signed by Illinois Governor JB Pritzker in June 2026 and imposes a 0.2% tax on digital asset transactions, originally set to take effect in January 2027 but postponed to July 2027. The Blockchain Association, Crypto Council for Innovation, and The Digital Chamber had previously filed a lawsuit against Illinois regarding this matter.

According to Protos, the world's largest stablecoin issuer Tether has an exposure of approximately $4.804 billion to the U.S. stock market through 13 publicly listed companies in the United States. The holdings are highly concentrated in three major companies: Bitcoin treasury company Twenty One Capital (approximately $1.367 billion), video platform Rumble (approximately $1.328 billion), and agricultural conglomerate Adecoagro (approximately $966 million).The remaining holdings include: Elemental Royalty (approximately $342 million), Bitdeer (approximately $249 million), Gold.com (approximately $148 million), Versamet Royalties (approximately $128 million), Metalla Royalty (approximately $115 million), Gold Royalty (approximately $106 million), Satellogic (approximately $39.65 million), Stablecoin Development Corp (approximately $4.9 million), Aurelion (approximately $4.4 million), and Antalpha Platform (approximately $3.1 million). Protos points out that Tether is leveraging its funds to make extensive investments across multiple industries and has dispatched its executives to relevant companies to hold positions.

ZDNet Korea reported on November 12 that storage companies such as Samsung Electronics and SK Hynix have decided to allocate additional supplies of enterprise-level solid-state drives (eSSD) that are currently being discussed with Chinese customers to U.S. customers. Major Chinese artificial intelligence companies such as Alibaba, Baidu, and Tencent have decided to reduce the scale of eSSD orders to below expectations, and storage companies are aware of this situation. The report states that after the U.S. strengthened export controls on artificial intelligence to China, the supply of high-performance artificial intelligence semiconductors such as graphics processors and high-bandwidth memory has become difficult, leading to a decrease in the demand for accompanying storage.eSSD is a NAND-based storage module primarily used for data centers, serving as an auxiliary storage device for data preservation. Insiders indicate that the main reason for the order reduction among Chinese companies is the difficulty in supplying artificial intelligence semiconductors. The U.S. government has effectively prohibited companies like NVIDIA and AMD from exporting high-performance artificial intelligence semiconductors to China, and the accompanying high-bandwidth memory is also subject to controls. Previously, Chinese companies had circumvented these controls through overseas entities and product disassembly, but these alternative routes have gradually faced obstacles, causing delays in investment plans.Another insider stated that the adjustment of eSSD supply plans for China by storage companies is true, and the related supply volume plans are being shifted to U.S. cloud service providers. This person noted that the storage demand from U.S. data centers remains robust, and the supply shortage may continue into next year and the year after. Industry insiders say that the tight supply of NAND in global markets such as the U.S. is still ongoing, and the reduced demand in China will be taken up by U.S. data center companies; this adjustment will not have a significant impact on the overall demand for NAND and SSD.

According to Crypto Briefing, Aave founder Stani Kulechov stated at the DAS London conference that DeFi lending protocols need to introduce a "circuit breaker" mechanism, as the consequences of oracle failures could take years to resolve.He pointed out that the over-reliance on immutable code systems lacks contingency plans. When oracle data deviates, the protocol may trigger liquidations based on incorrect prices, and the immutable nature can lead to irreparable failures. The circuit breaker mechanism draws from traditional markets' practice of halting trading during extreme conditions, allowing protocols to pause operations until the issue is identified.

On November 12, Baidu founder Robin Li stated at the opening ceremony of Baidu World 2026 that the decade from 2016 to 2026 is the decade when artificial intelligence technology forms an independent technology stack, and the "Chip Cloud Model" four-layer architecture gradually takes shape during this period. He predicts that the next chapter of artificial intelligence is intelligent organizations, which differ from the current hierarchical system of AI-native organizational structures. "If artificial intelligence is the new electric power, then intelligent organizations are the new factories of the AI era, where true productivity occurs."Robin Li proposed the "Three Principles of Organizational Evolution": breaking down job boundaries to unleash organizational vitality; accumulating tacit knowledge to build organizational intelligence; designing closed-loop processes to promote organizational evolution. He believes that future jobs will not disappear but will converge, roughly divided into two categories: Builders responsible for creating new things, and Sellers responsible for interpersonal communication and trust-building.According to his disclosure, in the past year, the average daily active intelligent agents within Baidu grew from 5,000 to 37,000, with the number of effective tasks completed by intelligent agents per week increasing from 84,000 to over 1 million, and 4,300 Workspaces have been established, accumulating over 20,000 organizational Skills.

According to a report by the Korean News Agency, on November 11, the South Korean Ministry of SMEs and Startups released the "AI Startup Unicorn Cultivation Strategy" in Seoul, proposing to cultivate 20 AI unicorn companies valued at over 1 trillion Korean won and 1 AI decacorn company valued at over 10 trillion Korean won by 2030.The ministry will select 50 AI startups each year as candidates and provide over 10 billion Korean won in R&D and commercialization funding support for companies that enter the final stage of the project. South Korea will also build a comprehensive empirical system connecting AI semiconductors, cloud, and services, and expand the "Government First Verification and Procurement" project, which allows government and public institutions to be the first customers, into the AI field.

The OpenTensor Foundation of the Bittensor ecosystem has announced the native payment mechanism Gamma Tokens. Users and AI agents will be able to use the same Bittensor wallet to access subnets that adopt this standard and pay service fees without needing to register separate accounts or apply for API keys for each subnet.Users can obtain Gamma payment credits using TAO or the corresponding subnet's Alpha tokens. If using TAO, the protocol will buy and destroy the subnet's Alpha tokens in the same transaction to generate Gamma credits; if already holding the corresponding Alpha tokens, they can be directly destroyed to generate credits.

U.S. Ambassador to China David Perdue stated on November 11 that the U.S. and China are advancing the establishment of an AI crisis mechanism. U.S. Treasury Secretary Janet Yellen emphasized on the same day that both sides plan to establish direct communication channels to promptly report significant AI incidents involving national security.This mechanism is similar to an AI emergency hotline. For example, if an AI entity unauthorizedly attacks another country's network, jeopardizing critical infrastructure, or if advanced models show severe signs of losing control, both sides can exchange information in a timely manner to avoid misjudging a technical incident as a deliberate attack. In September of this year, the leaders of the U.S. and China agreed to establish a communication channel for AI incidents.

According to a report by Business Wire, the U.S. brokerage infrastructure provider DriveWealth announced that its European affiliate UAB DriveWealth Europe has been authorized by the Bank of Lithuania to become a crypto asset service provider under the EU's Markets in Crypto-Assets Regulation (MiCA). DriveWealth plans to gradually open related services to partners starting in 2027, with specific launch dates to be announced later.UAB DriveWealth Europe previously held a MiFID II license issued by the Bank of Lithuania. After the launch of crypto asset services, banks, fintech companies, digital wallets, and brokerages can access crypto asset services along with existing investment services such as U.S. stocks, ETFs, fixed income products, and options through the same interface.DriveWealth also announced a partnership with Ripple, planning to introduce RLUSD stablecoin settlement, cross-border payments, and digital asset custody in Europe first.

According to on-chain monitoring platform Lookonchain, 14 listed companies have sold 108,247 BTC in 2025, worth approximately 8.08 billion USD. Among them, MARA sold 40,581 BTC at an average price of 74,446 USD, worth about 3.03 billion USD; Riot Platforms sold 20,264 BTC at an average price of 73,231 USD, worth about 1.51 billion USD.

The non-profit research organization Ethlabs stated that the EIP-8037 and EIP-8038 in the Ethereum Glamsterdam upgrade involve adjustments to Gas costs and billing mechanisms, which may affect some already deployed smart contracts. Ethlabs recommends postponing modifications to the upgrade specifications or determining the fork date for the Hoodi testnet until the results of external audits are published and the relevant impacts are clarified. The final decision will be made by the Ethereum Core Developers Meeting (ACD).The two external audits commissioned by the Ethereum Foundation from ChainSecurity and Dedaub are expected to be published before November 16. On the same day, a public Q&A will be held during the ACD testing meeting. The ACD executive meeting on November 19 is expected to discuss the audit results and may decide whether to modify the upgrade specifications.Glamsterdam aims to increase the Ethereum Gas limit per block from 60 million to 200 million. Ethlabs pointed out that adjustments to Gas costs may affect contracts and tools with hardcoded operational costs, and changes in the billing mechanism may also cause some deployed contracts to exhibit unexpected behavior. For example, after an internal call rollback, the remaining Gas returned by gasleft() may actually increase, affecting the contract's judgment on whether the call failed due to Gas exhaustion.

According to sources, Anthropic stated that Google, NVIDIA, AMD, Broadcom, Micron, Microsoft, and TSMC will invest $26 billion through private placement at the IPO issuance price.

According to SolanaFloor, Layer 33, composed of independent Solana validators, is calling for a pause on the removal of validators under the new rules of the Solana Foundation Delegation Program (SFDP).The new rules group existing members for removal on a weekly basis and limit participation to 12 months, after which validators will lose staking support from the program. The organization warns that the new program's cap of 100 validators and the 12-month limit "are detrimental to decentralization," will push out experienced independent operators, and will concentrate staking in the hands of large validators.

Robinhood confirmed that it does not oppose its stocks being traded on the tokenized stock trading platform OKXICE, launched in collaboration with OKX and the parent company of the New York Stock Exchange, ICE, becoming the third company to explicitly state its non-opposition after Securitize and BitGo. According to the list disclosed by OKXICE on November 5, 56 out of the first 62 companies proposed for launch have already expressed opposition, accounting for about 90%.The 6 companies that have not publicly opposed are closely related to the cryptocurrency industry, including Robinhood, Securitize, BitGo, Circle, Coinbase, and Strategy. The platform intends to trade tokenized stocks through an automated market maker (AMM) based on the SEC's five-year innovation exemption mechanism, allowing token holders to enjoy the same dividends and voting rights as the underlying stocks, while the issuing company can raise objections within 30 days after receiving notification.

According to Crypto Briefing, Benoît Pellevoizin, Managing Director of CoinShares France, stated that restrictions on the construction of new data centers following the U.S. midterm elections may increase the value of existing Bitcoin mining infrastructure, but companies with paid AI tenants will benefit the most.He pointed out that concerns over electricity prices, water consumption, and the influence of large tech companies have increased public resistance to new facilities, while existing mines face fewer obstacles due to already holding power contracts and grid connections. CoinShares data shows that many projects have grid connection delays exceeding five years, with the PJM region averaging over seven years. Fully leased AI data centers are valued at approximately $27 million per megawatt, while publicly listed mining companies with partially held, powered but unleased capacity are valued at less than $3 million per megawatt. However, the cost to convert to AI facilities ranges from $8 million to $15 million per megawatt. Additionally, mining companies with contracted AI capacity trade at an average of 12.9 times forward sales, while uncontracted mining companies only trade at 3.7 times.

According to a report by the Korean News Agency, the American artificial intelligence company Anthropic has reported to the Personal Information Protection Commission of Korea that the account information of over 100 Korean enterprises for its generative AI service Claude has been leaked. The Commission stated on November 9 that Anthropic reported this matter on the 31st of last month, and it is currently in the preliminary review stage, with no formal investigation initiated yet.According to a previous report by The Washington Post, the American security startup Cathedral accessed Anthropic's internal systems by exploiting vulnerabilities in third-party office software. Anthropic researcher Lydia Hallie stated on X that Cathedral accessed account information such as names, emails, and packages without authorization, but did not obtain prompts, output results, or payment information. The company has blocked the affected systems and fixed the vulnerabilities on the day it became aware of the issue.

According to a report by the American financial media Semafor, a memorandum shows that Public First Action, associated with the artificial intelligence company Anthropic, and its affiliated super political action committee believe that AI safety advocates view the U.S. midterm elections as a significant victory and are formulating the next phase of their action plan.Public First, which has received substantial funding from Anthropic and advocates for regulatory safeguards for artificial intelligence, stated that the super political action committee Leading the Future, which supports AI development, has already "suffered a crushing defeat." The organization also warned that interpreting this round of elections and the decline of Leading the Future as the end of large tech companies' AI political strategies would be a mistake.The goals set by the organization for 2027 include: promoting legislation on AI in Congress that does not exclude states' rights to legislate independently, supporting candidates advocating for AI safety regulation, and utilizing the current $30 million in funds to counter the messages conveyed by the pro-AI development camp.

In September, the American research institution Epoch AI estimated the annual revenue of various companies, finding that six Chinese artificial intelligence companies had a combined revenue of 11 billion dollars, approximately one-tenth of the combined 105 billion dollars of OpenAI and Anthropic. The statistical scope includes companies such as DeepSeek, Zhipu AI, as well as related business revenues from Alibaba and ByteDance's cloud computing, with ByteDance leading Chinese companies at 4 billion dollars.The Information reported in September that DeepSeek's annual recurring revenue doubled within a few months, reaching 1 billion dollars. OpenRouter data shows that open-source models account for over 70% of the platform's token usage. As of September 16, eight companies provided Zhipu AI's GLM-5 model services on the platform, with third-party services accounting for 75% of its token call volume in the past 24 hours; DeepSeek's V4 Pro offered services at 87% lower than the official pricing, with about 70% of token usage coming from external service providers during the same period.