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Julian Lafarge, Chief Market Strategist at Barclays Private Bank, stated that despite the uncertainty surrounding Nvidia CEO Jensen Huang's future, the uncertain returns on AI investments, and rising financing costs testing market confidence, investors should continue to participate in the AI market. Lafarge believes that AI is not a bubble but a technological revolution that will impact all industries, although its commercialization and infrastructure development cannot happen overnight.Lafarge pointed out that Nvidia is referred to as the "central bank of AI trading," but even if the company changes its CEO, it does not mean that the entire AI industry chain's trading needs to be re-evaluated or renegotiated. He compared the potential leadership transition at Nvidia to previous management transitions at Microsoft, Alphabet, and Amazon, arguing that a successor taking over does not necessarily weaken corporate value.However, Barclays lists interest rates and the financing environment as major risks that could disrupt the market. As the scale of AI infrastructure investment expands, the market's focus is shifting from whether the demand for computing power is real to whether the massive capital expenditures can generate sufficient returns. Data center construction also faces bottlenecks such as power access, equipment installation, and commercial operation cycles, while expectations of tightening Federal Reserve policies may also raise corporate financing costs and depress long-term cash flow valuations.Lafarge emphasized that the trillions of dollars in AI investment commitments cannot quickly translate into actual computing power delivery, and there will be significant divergence in investment returns among companies. Tighter financing conditions may change the pace of industry investment and competitive landscape, but it does not mean that the long-term demand for AI infrastructure will disappear. Barclays still prefers to maintain exposure to AI investments until there are clear signs of a significant slowdown in industry growth momentum.

A proposal by the U.S. Department of Labor to allow 401(k) retirement plans to allocate alternative assets such as cryptocurrencies has been submitted to the White House Office of Information and Regulatory Affairs for final review on Thursday. The proposal aims to simplify the process for retirement plans to offer alternative investments and provide certain legal protections for employers and plan administrators. The version released by the Department of Labor in March did not specify which digital assets could be included, nor did it set a minimum market capitalization threshold, but it requires administrators to assess six factors: performance, fees, liquidity, valuation, benchmarks, and complexity.Teresa Goody Guillén, managing partner of Bellementis PLLC, stated that Bitcoin and Ethereum may be adopted first due to their mature markets and investment products, but altcoins will not be automatically excluded; plan administrators must demonstrate that their investment choices meet standards of prudence, liquidity, valuation, and investor protection. Bernardo Brites, co-founder and CEO of Trace Finance, noted that some smaller tokens may struggle to meet historical performance and benchmark requirements. The proposal does not limit crypto investments to ETFs or managed funds, but Guillén expects such products may emerge before direct holdings.

According to Cointelegraph, Barclays' submitted 13F filing shows that as of September 30, the bank held approximately 3.94 million shares of BlackRock's spot Bitcoin ETF IBIT, an increase of 48% from 2.66 million shares at the end of the second quarter, with a position value of approximately $187 million.Citigroup disclosed a new position in Fidelity's spot Bitcoin ETF FBTC valued at approximately $119 million, with its IBIT holdings also increasing from about 347,000 shares at the end of the second quarter to about 521,000 shares.After comparing 1,389 institutions that submitted third-quarter reports as of last Friday, Bitwise found that the total value of spot Bitcoin ETFs held by these institutions rose from $3.35 billion in the second quarter to $5.25 billion. The report noted that the increase in position value does not necessarily indicate new purchases, as IBIT's price rose by approximately 41% in the third quarter.

According to token unlocking data from the crypto asset data platform RootData, Lombard (BARD) will unlock approximately 13.75 million tokens at 0:00 Beijing time on November 18, worth about 1.21 million USD.

On November 9, Beijing time, according to a report by Reuters, U.S. President Trump stated in an interview with CBS's "60 Minutes" that the risks posed by artificial intelligence are manageable, and he does not mind setting regulatory guardrails. When asked whether the U.S. should accept the risks brought by artificial intelligence to maintain its leading edge over China, Trump said these dangers are controllable and expressed a willingness to work with Democrats to formulate relevant safeguards. Trump added that he does not want regulatory measures to cause the U.S. to fall behind China in the field of artificial intelligence, becoming a distant second.

Serenity stated that new cloud service providers like NBIS (Neocloud) are attractive after a significant drop in valuation. He believes that if manufacturers maintain close relationships with suppliers like NVIDIA, have signed capacity and necessary licenses, possess well-funded partners, and can finance equipment procurement at reasonable costs, they may still perform well.He cited IREN's financial report, noting that a prepayment in a five-year agreement could cover 90% of GPU capital expenditures, indicating that publicly listed Neocloud can adapt to a tight financing environment. The re-signing price for their old H100 GPU has reached twice the previous amount, which he believes contradicts some market concerns about equipment depreciation. Regarding approvals, Serenity referenced a Rosenblatt research report stating that the major construction projects of NBIS in Missouri, Pennsylvania, and South Carolina have low risk. He is more concerned about new entrants that are just beginning to finance or obtain permits and believes that tightening financing and potential approval restrictions may actually expand the competitive advantages of existing Neoclouds, establishing a stronger moat for them.

The proposed rule allowing alternative assets such as cryptocurrencies to enter 401(k) retirement plans has been submitted to the White House for final review on November 5. The proposal does not limit the types of cryptocurrencies that can be included, nor does it set a minimum market capitalization threshold, meaning that altcoins and small to mid-cap tokens may also have the opportunity to enter U.S. retirement investment plans in the future.However, industry insiders point out that asset management firms still need to comprehensively assess performance, fees, liquidity, valuation, benchmark indicators, and investment complexity when selecting investment targets. Bitcoin and Ethereum, with their mature markets and investment products, are expected to gain access first, while small to mid-cap tokens may face higher barriers due to insufficient historical data, limited liquidity, and lack of reliable valuation benchmarks.In addition, experts expect that cryptocurrency ETFs and managed funds will enter 401(k) plans before direct holding products, as the former are easier to adapt to existing custody and account management systems. The industry anticipates that some cryptocurrency investment options may begin to be implemented in 2027, with further expansion of coverage expected around 2028.The proposal still needs to complete the White House review and subsequent legislative processes, and it will not completely exempt retirement plan managers from fiduciary responsibilities and litigation risks.

According to official news, the tokenized securities financing infrastructure Lombard Systems (formerly SemiLiquid) has completed a $4 million seed round financing, led by Ethereal Ventures, with participation from ALPS Capital, First Commit, Veris Ventures, and ATKA.Lombard Systems provides financing infrastructure for tokenized securities and maintains the "Delivery versus Lock" (DvL) standard. This standard allows banks, brokers, and transfer agents to accept tokenized and digital assets as collateral without moving the assets out of their original securities accounts, with the assets still locked in the owner's name. Lenders obtain enforceable secured interests evidenced by cryptographic signature credit certificates.

According to Gate market data, Brent crude oil fell sharply by 5% during the day, currently priced at $98.52 per barrel. WTI crude oil is down 4.6% now.

Strategy founder and chairman Michael Saylor posted on X that Florida has elected a Republican governor who supports a U.S. Bitcoin reserve, and Texas has elected a Democratic senator who previously voted in favor of establishing a Bitcoin reserve in the state. The reasons for holding Bitcoin transcend party lines.In the 2026 midterm elections, Republican federal representative Byron Donalds defeated Democrat David Jolly to become the governor of Florida. He proposed H.R. 2112, which aims to provide legal authority for an executive order to establish a federal strategic Bitcoin reserve and digital asset reserve, and stated during his campaign that Florida already has proposals for establishing a strategic reserve.Democratic state representative James Talarico defeated Republican Ken Paxton to become the federal senator from Texas, making him the first Democrat to win a statewide election in the state since 1994. Legislative records show that he voted in favor of SB21, which aimed to establish a strategic Bitcoin reserve in Texas during his time as a state representative. Texas Governor Greg Abbott has signed related legislation in 2025.

According to Gate market data, WTI crude oil fell 6% during the day, currently reported at $95.94 per barrel.

The U.S. government announced that oil companies have agreed to borrow about 40 million barrels of crude oil from the Strategic Petroleum Reserve, which is the last batch committed by the U.S. under the global agreement. The agreement aims to stabilize fuel prices and involves Gunvor, Trafigura Trading, Phillips 66, and Vitol. In March of this year, the U.S. agreed to lend 172 million barrels of crude oil, and the size of the Strategic Petroleum Reserve has fallen to its lowest level since 1982.

According to Catcher Predict monitoring, the probability of the "Yes" option in the sub-market "Jabari Smith Jr.: Points O/U 15.5" for the "Rockets vs. Bucks" event on the prediction market Polymarket has experienced significant fluctuations, soaring from 31% an hour ago to the current 46% (a fluctuation of 15%). Please note the impact of related breaking news.

U.S. President Trump stated that the United States will receive the first batch of 1 million barrels of Venezuelan oil, with subsequent supplies reaching billions of barrels. Trump mentioned that by rebuilding relations with Venezuela, the U.S. would not require taxpayers to bear the costs of obtaining this oil, and he anticipated that gasoline and diesel prices would significantly drop.

Barclays raised the target price for Tesla (TSLA.O) from $370 to $450.

According to Catcher Predict monitoring, in the market prediction event "FC Barcelona vs. Real Madrid CF - More Markets" on Polymarket, the "Over" option in the sub-market "2nd Half O/U 4.5" has experienced a dramatic fluctuation in winning probability, soaring from 5% an hour ago to the current 40.5% (a fluctuation of 35.5%). Please note the impact of related breaking news.

According to the Korea Herald, global investment bank Barclays plans to cut 5,000 jobs, about 5% of the company's total positions, while expanding the application of artificial intelligence. This includes 1,000 positions already cut in the first half of this year, with 60% of the layoffs coming from support departments such as developers. Barclays CEO Venkat Krishnamurthy stated in a conference call that the company will apply AI on a large scale, and said, "AI is not the cake, but the frosting on the cake."Previously, Barclays announced a cost-cutting plan in February, but some investors reacted negatively to the scale of costs shown in its semi-annual report. Among peers, HSBC is considering cutting up to 20,000 jobs over the next few years, while Standard Chartered plans to reduce support department positions by more than 15% by 2030.

According to Gate Market, WTI crude oil has increased by 2.00% during the day, currently priced at 99.37 USD/barrel.

According to EU-Startups, the Barcelona venture capital platform Masia has announced the completion of a €18 million first-phase fundraise, which will invest in early-stage AI and cutting-edge technology companies associated with Barcelona. The fund has the support of over 70 limited partners, including tech founders, corporate executives, and seasoned investors, with two institutional investors also participating.Masia has also opened Masia House in the Gràcia district of Barcelona, covering an area of 1,000 square meters, consisting of four floors, providing office space, meeting rooms, accommodation for visiting investors, and a terrace event space.

According to Cointelegraph, the crypto advocacy organization Stand With Crypto stated that during a 90-day period from May to August 2026, a total of 9,803 individuals submitted 10,092 complaints to UK banks through the organization's online tools, reflecting the restrictions encountered when transferring to crypto platforms.The highest number of complaints came from Lloyds Banking Group, one of the largest banking groups in the UK, totaling 2,297, followed by Barclays with 1,569 and NatWest Group with 1,278. These complaints have raised concerns about the accessibility of crypto services in the UK ahead of the launch of a new regulatory framework for digital assets in 2027.The report shows that UK banks have varying practices regarding restrictions on crypto transfers. Barclays and HSBC UK are listed as limiting crypto transfers to £2,500 (approximately $3,300) per transaction and £10,000 (approximately $13,300) every 30 days. Six banks, including Starling Bank, TSB, and Chase UK, are listed as completely prohibiting transfers related to crypto.Meanwhile, Lloyds Banking Group and Revolut are classified as having not disclosed their restrictions on crypto transfers, despite also receiving customer complaints. Revolut's official support page states that transfers to "certain cryptocurrency exchanges" are not supported, and a spokesperson for Stand With Crypto indicated that this seems to be a technical issue rather than an established policy.Nick Jones, founder and CEO of Zumo, told Cointelegraph that banking restrictions are a common issue faced by crypto founders in the UK, which could undermine the country's ambition to become a global crypto hub. He stated that the issue of limited access to banking services needs urgent resolution so that UK crypto businesses can grow and expand in a fair environment.Jones also warned that the upcoming crypto regulatory framework in the UK may not address this issue. Although businesses are preparing for mandatory approval from the Financial Conduct Authority (FCA) by October 2027, obtaining business bank accounts is not included in that framework. He added that without coordinated action, businesses may obtain full authorization but still be unable to open UK business bank accounts.