cent

Solana officially stated that Akash's token AKT has been launched on Solana through Sunrise. The Akash community previously passed a governance proposal to migrate to Solana.

According to Seoul Economic Daily on November 12, British artificial intelligence infrastructure company Nscale is advancing the construction of more than two artificial intelligence data centers in South Korea. The company established its Korean entity, Nscale Service KR, in July 2026, responsible for data center investment, development, operation, and management. Nscale was founded in 2024, independently procures graphics processing units, and operates artificial intelligence data centers, with a corporate value of approximately 35 billion USD, equivalent to about 47 trillion Korean Won, and is pushing for a listing in the United States.The project has been confirmed to be located in Gumi, North Gyeongsang Province. The original plan was to construct a phase one artificial intelligence data center with a scale of 300 megawatts as a consortium, but it has since changed to be built separately by Nscale and other participants. The data center for which Nscale is responsible is currently undergoing licensing and preparing to commence construction. The company is also evaluating the addition of data centers in other regions of South Korea, through methods including new site construction, renovation of existing facilities, and leasing data centers from other companies. An industry insider who requested anonymity stated that Nscale has previously renovated old data centers overseas and installed graphics processing server units to reduce capital burdens, and may propose similar collaborations to South Korean companies.Additionally, according to the report, the American cloud company CoreWeave is also advancing the construction of data centers in South Korea and appointed Kim Hyun-sik, who previously worked at Microsoft and SoftBank, as the head of its Korean subsidiary last year. The artificial intelligence data center being built by Amazon Web Services and SK Group in Ulsan is scheduled to begin operations next year, and Microsoft has recently started construction on its third data center in Busan. Goldman Sachs analysis indicates that after the Democratic Party's victories in U.S. state and local elections, about 45% of the planned capacity expansions for artificial intelligence data centers in the U.S. may be affected by regulations. CoreWeave stated in a conference call on November 11 that it is expanding its business in Canada, Europe, and Asia to diversify regional regulatory risks. The South Korean government is promoting differentiated electricity pricing by region and a dedicated electricity pricing plan for artificial intelligence data centers.

According to Bloomberg Technology, Poste Italiane SpA has launched a mutual investment fund with a target size of 600 million euros (approximately 665 million dollars), focusing on projects including data centers.This move comes after its acquisition of Telecom Italia SpA, aiming to further expand its digital infrastructure layout.

At Tencent's internal all-staff meeting celebrating its 28th anniversary, Ma Huateng proposed to accelerate organizational change. He believes that Tencent's transformation is somewhat late and cannot leisurely feel secure anymore. Ma Huateng compared it to the army and navy, stating that traditional core businesses like gaming and social networking must be safeguarded, but efficiency should be improved using AI. For example, tasks that originally required everyone can now be completed by half the staff, freeing up the other half to explore AI-native businesses and seek new growth points.Ma Huateng's previous statements regarding AI have been traceable. In January of this year, he emphasized that Tencent's AI layout should be steady and solid; in May, he used a ship analogy, stating that they initially thought they had secured a ticket for the AI ship, only to later find it was leaking and had to switch to another one. He specifically mentioned Google, believing that initially, everyone was worried about AI impacting search, but later felt that Google seemed to withstand it. Looking at this year, he noted that "the wave has really come," and traditional businesses like content cannot feel secure either. Google's search advertising revenue still grew by 12% in the third quarter of this year, but the growth rate has continuously declined from 19% in the first quarter to 17% in the second quarter, with management admitting that the commercial monetization capability of AI Mode is weak. On the day of its 28th anniversary, Tencent launched "Yuanbao Search," redoing the search process with a large model and integrating content from public accounts and video accounts.Ma Huateng also told the internal management that organizational transformation can no longer be about coddling employees, repeatedly persuading them, and negotiating terms. Some people even want to negotiate management positions before participating in new businesses. He demanded a flatter organization, with employees needing to quickly switch skills and adapt to new positions, stating that this reform is different from the "cost reduction and efficiency increase" from a few years ago, which mainly focused on cutting costs. Now, it is about changing the way the organization and personnel work, running faster with the existing manpower, and enabling small teams to accomplish big tasks. Related speeches subsequently sparked discussions in employee communities, with rumors of "Tencent laying off 50%" and "laying off 8,000 people" appearing on platforms like Maimai and Xiaohongshu. Tencent's PR director Zhang Jun clarified that the so-called 50% was merely a metaphor used by Ma Huateng for organizational transformation and not the layoff ratio, nor has it been announced that half of the employees would be laid off.

According to Tom's Hardware, residents of Effingham County, Georgia, have sued OpenAI and local county officials, accusing them of secretly advancing a data center worth approximately $20 billion. The lawsuit is based on Georgia's extortion law, allowing the plaintiffs to seek triple actual damages, while also raising claims of fraud and conspiracy. The complaint states that the head of the county's industrial development authority signed a non-disclosure agreement with OpenAI in October 2025, about nine months before the project's public announcement.The complaint also alleges that the industrial development authority approved the arrangements with only Project Gateway listed on the agenda, and that the county commissioner allegedly skipped two statutory hearings when changing the zoning for industrial land. Local reports indicate that the project is named Project Camellia, which is proposed to be built by OpenAI's affiliate Octans GA on approximately 1,440 acres of land in the Savannah Gateway Industrial Park. The complaint was filed in Effingham County State Court on November 6, with plaintiffs Michelle Finch-Mincey, Lehman Mincey Jr., and Raymond Carver. A spokesperson for the county commission stated that they would not comment on pending litigation.

On November 12, regarding rumors that Tencent is laying off 50% of its staff, sources close to Tencent stated that this is a serious misinterpretation and is completely untrue. The sources indicated that this is a realignment of company resources to adapt to the AI era, and it may also be the source of the so-called "50% layoffs" rumor, which is entirely unfounded.During Tencent's 28th anniversary Linktime online live broadcast, Tencent's management proactively expressed their determination to accelerate organizational change, specifically mentioning that this is different from the "cost reduction and efficiency enhancement" initiative from a few years ago. The previous initiative was relatively passive and more focused on "cost reduction"; this time, it is a proactive approach aimed at the AI era, more focused on "efficiency enhancement," inspiring teams to create new value, and encouraging frontline colleagues to actively step forward, while the middle management needs to become flatter and more agile.To respond to the new changes, there is a need for proactive thinking about new strategies and new battlefields. Among them, 50% of the people are like the army, responsible for defending their territory, improving efficiency to manage the existing core business well; the other 50% are like the navy, embracing the waves, exploring AI Native, and expanding new development spaces. The sources stated that the above arrangements correspond to the realignment of company resources to adapt to the AI era.

According to Brazilian media Portal do Bitcoin, Ailton de Aquino Santos, the Director of Regulation at the Central Bank of Brazil, stated that about 30% of the applications for licenses from cryptocurrency service providers have issues with registered capital not meeting regulatory requirements, and many applying institutions have not submitted audited financial statements.The Central Bank of Brazil previously announced 120 cryptocurrency license applications, of which 119 are still under review, and 1 has been rejected. According to the new regulations, the minimum capital requirement for cryptocurrency trading and intermediary service providers can reach 37.2 million reais (approximately 7 million USD). Currently, the regulatory authority has not disclosed the list of non-compliant companies, and the 30% non-compliance ratio does not mean that the same proportion of applications will ultimately be rejected.

The U.S. Central Command stated that the U.S. military continues round-the-clock operations to ensure the Strait of Hormuz remains open to commercial shipping and strictly enforces the maritime blockade against Iran.The U.S. collaborates with interagency partners to prevent the Iranian Islamic Revolutionary Guard Corps from using land routes and the Caspian Sea to transport advanced weapon systems, dual-use technologies, and illicit financial flows.

Arbitrum posted on platform X: LoafMarkets will launch perpetual contracts for computing power on Arbitrum One, followed by the solar energy and data center markets.

According to the information on the Liepin page, Tencent is hiring a financial product manager for cross-border payment. The job responsibilities include conducting overseas market research based on distributed ledger technology, digital assets, and designing fee-free capabilities, key custody and recovery based on account abstraction, as well as designing the circulation and exchange logic of fiat currency.The position also requires transforming regulatory rules such as identity verification, anti-money laundering, and transaction information transmission into product processes. The job requirements include over 5 years of experience in wallets, exchanges, payment, or e-wallet products, and familiarity with mainstream public chains, smart contracts, and multi-chain asset management.

According to TASS, the Central Bank of Russia stated that the Russian exchange can start cryptocurrency trading from November 22, 2026, but must first reach an agreement with regulatory authorities on trading rules. The Russian Ministry of Justice has registered the Central Bank of Russia's directive regarding organized trading requirements for digital currencies and digital rights.According to the regulations, exchanges must register participants in cryptocurrency trading such as brokers, trust managers, and central counterparties, maintain records of orders and transactions, and monitor trading. They must also calculate current prices, weighted average prices, market prices, and closing prices, and report trading information to the Central Bank of Russia in the same manner as existing other assets.Previously, the Central Bank of Russia finalized the rules for retail cryptocurrency trading, which will be implemented starting November 17.

According to The Kobeissi Letter, global central banks purchased over 321 tons of gold in the third quarter of 2026, marking the largest quarterly purchase since the fourth quarter of 2024 and the fifth largest quarterly purchase on record. The central bank's gold purchases increased by 8% compared to over 296 tons in the second quarter of 2026 and by 453% compared to the first quarter of 2026.China and Poland led the demand in the third quarter, increasing by over 63 tons and over 40 tons, respectively. As of this year, global central banks have purchased over 675 tons of gold, a 6% increase compared to the same period in 2025.

Tencent officially launched an independent search website "Yuanbao Search" (so.qq.com), competing with Baidu and Google. The website defaults to AI search, allowing users to receive complete answers and reference sources after inputting questions, and supports follow-up inquiries. It also retains traditional web search and provides search entry points for public accounts, video accounts, images, and academic content.Currently, there have been instances where inputting keywords in Sogou Search directly redirects to the Yuanbao Search results page, and the latest version of QQ Browser also supports setting Yuanbao Search as the search engine. Tencent is gradually integrating existing search entry points into Yuanbao.The last self-developed search by Tencent dates back to "Soso," launched in 2006, when it brought in technical executives like Wu Jun from Google. In 2013, Tencent merged Soso's search business into Sogou, investing $448 million to acquire a 36.5% stake in Sogou; in 2021, it completed a full acquisition of Sogou. Starting in 2024, Tencent will promote Yuanbao AI Search, integrating WeChat Search and Sogou Search, and will open search capabilities to enterprises and developers in 2025. In October of this year, the service was renamed "Yuanbao Search," supporting API, MCP, and Skill integration. Official data shows that Yuanbao Search has an index of over 100 billion, with an average daily call volume of hundreds of millions, supporting more than 50 internal businesses such as Tencent Video, ima, and WorkBuddy.

According to Jinshi reports, in the third quarter of this year, the concentration of South Korean exports further deepened. Influenced by the prosperity of the semiconductor industry, the gap between large enterprises and small and medium-sized enterprises widened, with the top ten export companies in South Korea accounting for more than 60% of the total export value, marking the first time since records began in 2010.Data released by relevant departments on Tuesday showed that South Korea's total exports in the third quarter surged by 72.3% year-on-year, reaching 318.6 billion USD, setting a record high for a quarter since records began in 2015. The export value of large enterprises grew by 103.5%, with semiconductor manufacturers like Samsung Electronics and SK Hynix being the main drivers, while the export value of small and medium-sized enterprises only increased by 12.8% and 10.7%, respectively. During the same period, semiconductor exports skyrocketed by 219% year-on-year, reaching 148 billion USD, accounting for 46.5% of the total exports, up from 25.1% in the same period last year.

According to informed sources, NVIDIA CEO Jensen Huang walked into the company's headquarters in Santa Clara, California on Monday and hosted the morning meeting with senior management as usual. The sources said that at the beginning of this closed-door meeting, Huang first expressed his apologies to employees regarding the recent turmoil. He did not take any questions but quickly shifted the topic to business and the main agenda for the day.On Tuesday, Huang also came to the office for meetings. There is only one week left until NVIDIA releases its new quarterly earnings report. Insiders at NVIDIA stated that Huang is trying to create an atmosphere of "business as usual," but the mood within the company is "low."

According to the official announcement, the decentralized AI network Allora has announced an extension of the lock-up period for core contributors and supporter token allocations by six months. The initial unlocking scheduled for November 11, 2026, will be postponed to May 11, 2027.The updated timeline indicates that there will be no token unlocks for these allocations before May 11, 2027. At that time, 50% (approximately 242.75 million ALLO) will be unlocked, and the remaining 50% will be released linearly over the following 18 months, until November 2028. This adjustment involves 485.5 million ALLO (accounting for 48.55% of the total supply), while the overall vesting schedule remains unchanged. Staking, rewards, and other allocations will proceed as originally planned, and holders do not need to take any action.

HIVE Digital Technologies, a Bitcoin mining company, is seeking to generate $45 million in annual revenue through a Swedish AI data center, but has not finalized the lease agreement. In its latest financial report update, HIVE reiterated that its 32-megawatt Big Boden facility in Sweden could generate the aforementioned revenue through a long-term hosting arrangement, which depends on the final agreement, financing, facility upgrades, and project commissioning. The company first disclosed the proposal in June, involving an unnamed Swedish investment-grade technology company, with a lease term of up to 10 years. CEO Aydin Kilic stated during the earnings call that both parties are negotiating terms regarding deposits, termination rights, and other factors that may affect financing costs, and an advisor from a lender visited the site last week. HIVE expects to seek financing for the Boden project after signing the lease, possibly through corporate bonds.The data center also requires extensive renovations. HIVE plans to transform it into a facility capable of accommodating up to 10,000 Nvidia GB300 GPUs, utilizing liquid cooling to handle high-density computer racks. Although the facility has 32 megawatts of power access, the proposed client will receive about 25 megawatts of usable computing power, with the remaining power used for data center operations. Kilic noted that the site has evolved from supporting Ethereum GPU computing facilities.This expansion is part of HIVE's broader effort to move away from Bitcoin mining. In June, HIVE signed a three-year large-scale AI computing agreement with Bell Canada and Cohere, covering 2,304 Nvidia GPUs. HIVE currently reports $185 million in contracted GPU cloud annual recurring revenue, of which only $40 million is operational. The company's goal is to achieve approximately $700 million in annualized high-performance computing revenue by the end of 2028.

European Central Bank Executive Board Member Fabio Panetta stated that if negotiations are delayed, the digital euro will face postponement.

DeFiLlama data from November 10 shows that Huobi HTX had a net capital inflow of over 436 million USD in the past 24 hours, ranking first among mainstream centralized exchanges worldwide.It is reported that Huobi HTX launched 20 stock tokens and ETF-related assets including SNDK, SOXL, SPCX, CRCL, MSTR, SKHY, MU, TSLA, NVDA, etc. on November 9, and initiated a series of welfare activities such as zero transaction fees for limit orders.