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In the Huang Renxun incident, the involved company Megaspeed International officially announced that it attaches great importance to complying with U.S. export control laws, stating that compliance is the company's top priority, and it is committed to constructive and transparent cooperation with the U.S. government.Megaspeed has cooperated with the U.S. Department of Commerce's Bureau of Industry and Security (BIS) inspections and is ready to fully cooperate with other relevant U.S. government agencies at any time. To further strengthen its compliance commitment, Megaspeed has hired a well-known U.S. law firm to lead a comprehensive inventory of the company's graphics processing units (GPUs) and independently verify the company's export control compliance practices. Megaspeed stated that it welcomes appropriate government oversight and will demonstrate through concrete actions that the company operates in a responsible and transparent manner while complying with applicable U.S. laws.Megaspeed is a cloud computing and data center company registered in Singapore and is an important customer of NVIDIA. The New York Times previously cited trade data reporting that from June 2024 to February 2026, Megaspeed's affiliated company in Malaysia procured advanced AI servers and other equipment, including NVIDIA chips and related products. Huang Le previously served as the CEO and chairman of the board of Megaspeed and is one of the main controllers; she has appeared alongside Huang Renxun multiple times at public business events.

Analyst Jukan posted on platform X, stating that Nvidia chips are currently still in short supply, but to maintain the premium for chip scarcity, the company needs to continue supporting emerging cloud service providers (Neocloud). If the new CEO adopts a more cautious attitude towards this business model, it may lead to pressure on GPU spot prices, a decline in cloud service providers' profit margins, and prompt them to turn to alternatives such as AMD or Google TPU, thereby weakening Nvidia's market dominance and supply chain control.Jukan stated that Jensen Huang has been working hard to maintain Nvidia's growth flywheel, which not only helps to expand chip demand but also ensures the computing power utilization of emerging cloud service providers. Huang originally hoped to gradually let go once the emerging cloud service providers could independently order the next generation of GPUs, but it is currently uncertain whether the successor CEO is willing to wait.

According to The Information, sources say that with Jensen Huang's departure, an anonymous executive from a cloud service provider that is purchasing NVIDIA chips revealed that the company is considering sourcing alternative chips from companies like Google and AMD.The executive stated that the company had previously considered diversifying suppliers but was concerned about offending Jensen Huang.

The U.S. Department of Justice stated on Thursday that North Korean hackers have stolen over $400 million in cryptocurrency assets through a social engineering scheme based on secretly recorded videos and AI deepfakes over the past 18 months, and announced that it has seized the infrastructure supporting this operation. The FBI refers to this method as "FaceStealer," which centers on turning video conference calls into traps: hackers lure targets into meetings using previously stolen accounts from victims, then play pre-recorded footage of trusted contacts to simulate their presence, thereby gaining the target's trust.The group also uses AI to generate deepfake videos of well-known figures in the cryptocurrency and related industries, making the scams more convincing. Once the target lowers their guard, the attackers create false technical issues, such as claiming the other party cannot hear them, and provide a so-called "fix" link that is actually used to implant malware. Afterward, hackers can empty the victim's wallet or exploit their system permissions, sometimes lying in wait for months or even over a year before taking action. The FBI stated that it has seized over 900 segments of camera footage from FaceStealer victims based on federal search warrants.The Department of Justice linked this operation to North Korean-related groups such as Sapphire Sleet, BlueNoroff, and APT38, warning that these hackers are increasingly targeting open-source software developers, seemingly paving the way for supply chain attacks. On the same day, the Department of Justice also reported progress in the Binance theft case, stating that it has obtained court authorization to seize or restrict over $1.2 billion of the approximately $6.4 billion in stolen assets, which is part of the over $2.7 billion that has already been frozen. The FBI attributes this theft to the North Korean group TraderTraitor and claims it is laundering money at a rate of creating a new wallet approximately every 25 seconds. North Korea denies involvement, stating that the FBI's conclusions are a political provocation.

According to Catcher Predict monitoring, in the Polymarket prediction market event "Dota 2: Team Spirit vs 1win," the "Yes" option in the sub-market "Both sides defeat Roshan" has experienced a dramatic fluctuation in win rate, soaring from 24% an hour ago to the current 50.5% (a fluctuation of 26.5%). Please note the impact of relevant breaking news.

Binance posted on platform X that it has completed the coverage of all affected assets from the previous security incident and released a new reserve proof snapshot. After the zero-knowledge proof is generated, users can independently verify whether their assets have at least 1:1 reserve support.

According to The Block, the New York State Department of Financial Services has issued new guidelines for advertising and marketing requirements for licensed cryptocurrency entities in the state, which include avoiding misleading or deceptive content. Acting Superintendent Kaitlin Asrow stated in a press release that today's guidelines reinforce the commitment to protecting New York residents and ensure that advertising and marketing practices in the virtual currency space are clear, comprehensive, and accessible.The New York State Department of Financial Services announced on the same day that these guidelines apply to virtual currency entities licensed or chartered by the department, requiring them to establish and implement policies and procedures for advertising and marketing materials related to virtual currency products, services, and activities, with a focus on content accuracy, clear disclosures, and governance and review processes. Relevant entities must update their policies and procedures according to the guidelines by May 10, 2027, review them at least once a year, and maintain records for regulatory inspection. The Department of Financial Services will assess the implementation and effectiveness of these policies and procedures through examinations and ongoing supervision.Common practices listed in the guidelines include: reviewing marketing claims to ensure they fairly present products, services, or activities, are supported by evidence and verifiable, and do not contain exaggerated or false statements about performance or regulatory status; customer disclosures should be clear, prominent, easily understandable to the general audience, and clearly identify the entity providing the products, services, or activities; establishing governance review processes for advertising and marketing materials, designating responsible parties, conducting due diligence on third-party promoters, and promptly monitoring and addressing instances of fraudulent or improper use of their name or brand by others.

According to PR Newswire, Deloitte announced the launch of the enterprise AI company Edisyl, which was established after Deloitte completed the acquisition of the on-chain data platform Flipside Crypto's AI business in July 2026. The 24-person operations team from Flipside has all joined Edisyl, with former Flipside CEO Dave Balter serving as co-founder.Flipside's crypto data business has been sold separately to Sonaverse.

NVIDIA announced that CEO Jensen Huang has resigned from his positions as President, Chief Executive Officer, and Board Member effective immediately.In addition, NVIDIA has appointed Colette Kress as the interim Chief Executive Officer while she continues to serve as Executive Vice President and Chief Financial Officer; Harvey C. Jones has been appointed as the company's first Chairman of the Board.

Liquid Capital founder Yi Lihua stated that the Binance black swan event and the significant victory of the Democratic Party in the United States have had a considerable impact on both the AI stock market and the cryptocurrency market. Investors need to continuously adjust their strategies based on the market environment. Although there have been multiple successful exits at the peak previously, it is still necessary to be cautious of prematurely bottom-fishing at this stage, to avoid catching a falling knife at the "halfway up the mountain."

According to Cointelegraph, Strive has raised the annual dividend rate of its perpetual preferred stock SATA to 13.25%, effective from December 1.The fixed annual dividend rate of SATS will remain at 15%. Strive currently holds approximately 43,153 BTC.

According to Gate market data, NVIDIA (NVDA.O) stock price has widened its pre-market decline, now down 8%.

According to Gate market data, Coreweave (CRWV.O) pre-market decline once expanded to 11%.

Former U.S. President Trump posted on Truth Social that the Democratic Party is composed of the most corrupt and anti-American political leaders and politicians in American and world history, who are doing everything possible to evade the massive corruption issues in blue states, while continuously repeating accusations of corruption against the Trump administration. He stated that this is a set of maliciously reused rhetoric aimed at covering up the large-scale, unprecedented embezzlement occurring in blue states across the country, including Minnesota, California, and others.Trump also claimed that the fake news media refuses to report this fact, even during his first term. He stated that perhaps he was too naive, even refusing to take a presidential salary, amounting to millions of dollars, and claimed to be the only president to do so. He further stated that Democrats are corrupt and evil, while he is just the opposite, and called on Republicans to fight hard, or they will lose their country.

IT Home reported on November 12 that the Japanese government is considering requiring AI companies to fulfill security obligations and introducing new penalties to address the risks of uncontrolled advanced AI. The Japanese government plans to announce a comprehensive reform plan by the end of this year, with relevant content confirmed in a closed working group meeting discussing AI legal systems. This move aims to address significant threats such as AI cyberattacks and loss of control, ensuring that the government can take action against malicious companies that refuse to negotiate.Currently, the business division of AI companies is becoming increasingly detailed, including various aspects such as basic research, foundational model development, and user services. The Japanese government will further discuss the scope of regulatory targets. If American AI large model companies are included in the regulation, how to effectively protect the rights and interests of Japanese users will also become a problem that needs to be addressed. For companies that refuse to cooperate in negotiations after issues arise, the Japanese government plans to issue enforcement orders when necessary and consider imposing penalties on companies that defy these orders. These measures are expected to primarily target incidents of uncontrolled advanced AI and attacks.

On November 12, the Gate event market's "Cryptocurrency" sector completed a product update, adjusting the original Index market to a Spot market, and launching a new short-term price prediction based on Chainlink's spot price. The first phase supports 5-minute and 15-minute prediction events for BTC and ETH, using the spot price as the basis for determining price movements, providing users with more intuitive and diverse short-cycle prediction options.At the same time, multiple activities in the Gate event market are ongoing. The total prize pool for the 13th points activity has reached 85,704 USDT, with the points prize pool at 13,023 USDT and the lucky prize pool at 72,680 USDT. The first place on the leaderboard is expected to receive 4,883 USDT. With four U.S. stock companies' earnings reports set to be released early tomorrow morning, the earnings report season prediction challenge offers a reward of 90,000 USDT, with the top prize being 5,000 USDT.In addition, several NBA games are taking place today, with the NBA trading competition setting a prize pool of 65,000 USDT, where the top prize can reach 10,000 USDT. The total prize pools for various activities exceed 240,000 USDT, covering different prediction scenarios such as cryptocurrencies, corporate earnings reports, and sports events.

Seedance announced the launch of the video generation model Seedance 2.5 flash, which supports generating videos up to 30 seconds long in a single instance, allowing for a maximum input of 10 images, 5 video segments, and 5 audio segments, providing resolutions of 480P and 720P.The official statement indicated that the generation speed of this model is twice that of Seedance 2.5; for example, the generation cost for video generated from text and images at 720P is approximately 0.99 yuan/second, which is about 34% lower than Seedance 2.5.Seedance 2.5 flash will gradually be available on platforms such as Jimeng, LibTV, Updream, Creao AI, and TapNow starting today, with the API expected to go live on November 15 on Volcano Ark.

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.

According to RootData, yesterday (Eastern Time November 11), the total net outflow of the SOL spot ETF was $5.8457 million.The SOL spot ETF with the highest net outflow for the day was Fidelity ETF FSOL, with a net outflow of $3.7700 million.Following that was Morgan Stanley ETF MSOL, with a net outflow of $2.0757 million.