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According to Bloomberg, NVIDIA CEO Jensen Huang was dismissed by the board on the evening of November 11 local time due to an extramarital affair scandal, and Chief Financial Officer Colette Kress has taken over as interim CEO.Insiders revealed that after weeks of denial, Huang broke down emotionally at the last moment, his iconic energy depleted, and began using phrases like "whatever" and "I don't care," lamentingly degrading himself as "a pile of shit." The dismissal was triggered by the exposure of his extramarital affair with a suspected Alice Huang, followed by revelations of a relationship with another executive.Currently, NVIDIA's board has hired a law firm to investigate. Huang is expected to testify before Congress regarding the related events in the coming weeks.

According to Decrypt, Chainlink and Moody's Ratings have completed a pilot project demonstrating how to simultaneously distribute credit ratings across multiple blockchains. The test was announced on Tuesday, using Chainlink's cross-chain interoperability protocol CCIP to distribute Moody's ratings to both permissioned and permissionless chain networks.The pilot operates through Moody's Ratings Token Integration Engine TIE, which was built by the 125-year-old rating agency to disseminate credit assessments and related data in a blockchain environment. Both parties stated that the pilot proves that ratings can be transmitted across chains through a single interoperability layer while retaining Moody's existing publishing and governance processes. Moody's has rated or assessed over 70 digital issuances, including digital bonds and tokenized funds, from January 2017 to October 2026.Johann Eid, Chief Business Officer of Chainlink Labs, stated that as more financial assets go on-chain, credit intelligence must flow cross-chain and accompany every rating change. Fabian Astic, Global Head of Digital Economy at Moody's, believes that the future of tokenized finance is unlikely to exist solely on a single blockchain, platform, or market infrastructure.This pilot runs entirely on a testnet using representative test data and has not published any actual rating actions on-chain; it is a proof of concept rather than a live product. Previously, Moody's launched TIE on the institutional-grade Canton Network and subsequently expanded to Solana.

European Central Bank (ECB) Executive Board member Piero Cipollone stated that the digital euro pilot program will launch in the second half of 2027 and will last for 12 months, with 36 service providers participating. The pilot will test the technology and coordinate collaboration among service providers, merchants, central banks, infrastructure operators, and users.Legislative negotiations related to the digital euro are ongoing between the European Parliament, the Council of the European Union, and the European Commission, and are expected to conclude within the year. If negotiations proceed smoothly, the European Central Bank aims to issue the digital euro by 2029.

The Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission, Wu Jiali, delivered a speech titled "Tokenization: Expanding the Tokenized Landscape of Hong Kong's Capital Market" at Hong Kong FinTech Week, in which she pointed out the upcoming launch of the "Innovation Pathway." This initiative aims to combine tokenized funds with digital currencies to enhance liquidity and financial management efficiency.Wu Jiali revealed that the first batch of tokenized money market funds will be traded in the secondary market on licensed trading platforms, and a tokenized gold ETF may become the next pilot project. Currently, Hong Kong has 17 approved tokenized retail products, covering money market funds, gold products, and ETFs, with a total asset management scale of 1.3 billion USD. In the medium to long term, the Hong Kong Securities and Futures Commission will also promote tokenized assets as collateral, expand the on-chain presence of assets such as stocks and bonds, and explore the application of smart contracts in automating investment decisions and trading processes.

According to Bloomberg, Uber has participated in a blockchain investment pilot with institutions such as HSBC and Franklin Templeton, utilizing HSBC's tokenized deposits to purchase a tokenized money market fund issued by Franklin Templeton on Thursday and selling it on Sunday, thereby earning an additional 1.5 days of returns.This model achieves investment and settlement of funds through a public blockchain, allowing companies to avoid selling assets before the traditional market closure on Fridays. This pilot also involves Tradeweb and Fireblocks, with liquidity and settlement provided by Canton Network.

According to Beating report, GitHub officially launched the multi-model scheduling system Copilot Fusion at the Universe 2026 conference. Simple tasks will be handled by the appropriate model; complex tasks can first be attempted by a lower-cost model, and if the results are insufficient, it can switch to a stronger model or allow different models to check each other.Independent evaluation agency Artificial Analysis's tests show that Fusion Max's overall programming score is 60, close to Claude Code paired with Opus 5.5 Max's score of 62. Fusion Max's average API cost per question is $5.59, taking about 36 minutes; Claude Code paired with Opus 5.5 Max costs $11.42, taking about 60 minutes, reducing costs by about 51% and shortening time by about 40%.In the evaluation, Fusion's cache hit rate was 97%, while Claude Code's was 95%. The original text also noted that frequent model switching may cause cache loss, and the above results only represent specific benchmark tests, not implying that all tasks in actual use can save half the cost.

According to official news, Tether announced the establishment of the Swiss non-profit foundation FASE (Financial Access and Systemic Empowerment) on October 28, focusing on four main areas: financial security, financial inclusion, access to basic resources, and responsible AI and robotics.Founding members include Anchorage Digital, Bitfury, Bybit, Chainalysis, Fasanara Capital, Kraken, Opera, Pave Bank, Prosper Global (formerly Mercy Corps), and the Solana Foundation. The United Nations Office on Drugs and Crime (UNODC) will provide technical consulting.The first batch of projects includes: establishing a global youth alliance with Goodwall, aiming to provide anti-fraud education to up to 10 million young people, prioritizing coverage in Africa, Latin America, and Southeast Asia; launching a stablecoin humanitarian aid pilot with Prosper Global, initially covering up to 1 million people; and collaborating with the United Nations Trust Fund for Victims of Trafficking in Persons to support survivor assistance.

DBS's survey shows that among the tools being used or planned for adoption, stablecoins account for 63%, tokenized deposits account for 53%, and tokenized money market funds account for 52%.71% of respondents indicated that real-time cross-border payments have improved or are expected to improve within two years. Regulatory uncertainty, security risks, and difficulties in system integration remain major obstacles, with about 64% of respondents hoping that banks will become a unified entry point into the tokenized currency ecosystem.

According to a report by the Korean News Agency, South Korean credit card company Shinhan Card announced that it will collaborate with Upbit's parent company Dunamu to launch a pilot program for token payments based on GIWA Chain in the South Korean credit card industry for the first time. The testing will take place at Shinhan Card's headquarters, where employees will receive tokens issued by Shinhan Card through the GIWA Wallet and complete payments by scanning a QR code.The system uses on-chain identity verification technology Dojang to verify employee identities, allowing only pre-registered wallets to participate in transactions. Shinhan Card stated that it plans to promote commercialization after the relevant legislation is completed and gradually expand the access scope for merchants and the global blockchain network.

On October 21, the payment network Visa announced three capabilities aimed at the growth of commercial cards, the security of virtual cards, and the automation of commercial payments in San Francisco, serving financial institutions, fintech companies, and enterprises. Darren Parslow, Global Head of Visa Commercial Solutions, stated that companies are accelerating the automation of payment-related tasks from identifying vendor opportunities to approving invoices and executing transactions. These capabilities are designed to provide the necessary data, security, and control.The three capabilities are SESA 2.0, Visa Commercial Fraud Solutions, and a live pilot conducted with the billing platform BILL and the accounts receivable platform Billtrust. SESA 2.0 combines AI vendor scoring, Visa commercial payment data, buyer benchmarks, and business value modeling to help identify vendors more likely to accept commercial cards and estimate growth opportunities. Visa claims that since its launch, SESA has helped financial institutions discover over $600 billion in potential cardable spending.Visa Commercial Fraud Solutions covers vendor verification, authenticating commercial virtual card users through 3-D Secure, and transaction-level controls such as spending, merchant category, location, and time. Payment controls have already been provided to eligible issuing institutions in supported countries and regions, while the other two are currently in pilot and are planned for full rollout in 2027. Visa also stated that the pilot with BILL and Billtrust has gone live, allowing trusted AI agents to initiate and assist in completing approved invoice payments through the vendor portal, using tokenized payment credentials without relying on shared vendor portal login credentials.

According to Cointelegraph, Piero Cipollone, a member of the Executive Board of the European Central Bank, stated that the digital euro is expected to help the European Union establish a self-controlled payment infrastructure and reduce reliance on non-European third-party payment service providers. Europe has already recognized the risks of excessive dependence on external forces in critical areas such as energy and defense, and the same applies to the payment sector. However, payment sovereignty does not mean excluding third parties, but rather allowing Europe to have autonomous choices in key services.The European Central Bank plans to launch a digital euro pilot next year and will test it using real transactions. It is currently collaborating with 36 market operators to prepare, while also inviting e-commerce and mobile commerce operators to participate.

According to Sveriges Radio, the Swedish government office announced that starting from October 26 (Monday), ChatGPT and Claude will be banned on employee computers, with Microsoft Copilot approved as the only AI tool that has passed security review, and civil servants are required to switch to using Copilot.Mikael Wettercrantz, the agency's Director of Digitalization, stated in a post on the employee intranet that using AI services without a formal contract could "have consequences for our information security." He noted that multiple cases of improper use of open AI services have been identified, involving the sensitivity of the information inputted and the handling of AI-generated content. Due to the lack of formal agreements, consumer-grade AI tools send user queries to external company servers, and U.S. law allows authorities to request these companies to hand over data as required.Copilot is allowed to remain because the government office enhanced its security settings after review, while ChatGPT and Claude did not receive the same treatment. Some employees can still access these two banned tools through the AI platform built internally by the agency. Previously, the Swedish Tax Agency and the National Board of Health and Welfare had implemented similar bans, and the enforcement agency is also about to make a decision; an internal audit by the Transport Agency found about 10 AI services being "widely and at high risk" used.

On October 20, researcher 100y from the cryptocurrency research institution Four Pillars published a response to external doubts: Robinhood Chain has not disappeared, its ecosystem remains resilient, and it is preparing for the next round of growth. The chain is set to launch on July 1, 2026, positioning itself as an on-chain financial network centered around tokenized stocks. The article states that Robinhood's cryptocurrency business revenue share dropped from 27.2% in the first quarter of 2025 to 12.6% in the first quarter of 2026.According to data from The Rollup, the chain's daily network fees on September 4 were approximately $8.27 million, compared to Robinhood's total cryptocurrency business revenue of about $100 million in the second quarter of 2026. After the market weakened and meme popularity cooled, fees fell by over 99% from their peak, with daily fees in mid-October around $30,000 to $40,000, less than 1% of the peak. 100y attributed the spike in fees to congestion in September: the chain uses the Arbitrum tech stack, and the base fee index rises when usage exceeds target processing capacity.As of the publication date, the on-chain Total Value Locked (TVL) is approximately $1.1 billion. The Steakhouse Financial curation and the Steakhouse USDG Vault supplying USDG to Morpho account for about half of this, with a scale of approximately $540 million and still rising, and around 75,000 deposit wallets. Stocks and ETFs account for more than half of the issued Real World Asset (RWA) tokens, with an associated outstanding value of about $150 million. The spot trading volumes on September 4 and October 7 were approximately $3.27 billion and $3.24 billion, respectively, and daily trading volumes have remained at least around $600 million to $700 million since then. Robinhood has strategically invested in the perpetual platform Lighter and Arcus. 100y stated that the next round of growth depends on the scale of the treasury and stock tokens, meme trading, perpetual activities after the points period, as well as more builders and new on-chain financial primitives.

The Governor of the People's Bank of China, Pan Gongsheng, stated at the 2026 Financial Street Forum Annual Meeting that it will pilot further facilitation for foreign financial institutions to conduct RMB purchase and sale operations in the domestic foreign exchange market.The People's Bank plans to allow 8 domestic and foreign RMB offshore clearing banks to conduct proprietary trading in the domestic interbank foreign exchange market, promoting the integrated development of onshore and offshore markets.

Vitalik Buterin (@VitalikButerin) posted that the ideal path for supporting various cryptographic algorithms is through EIP-8288: users generate arbitrary signatures locally, then prove them through STARK, and aggregate them on-chain via STARK, without occupying calldata on-chain, thus Ethereum does not need to add new precompiles. He also mentioned that if lattice cryptography is proven to have security against AI attacks, it can still be used in scenarios such as accounts and wallets through precompiles in the future.Previously, Starknet co-founder Eli Ben-Sasson expressed disagreement with a16z's related views, stating that lattice cryptography has a rich mathematical structure that is vulnerable to AI attacks, and that a simplified version based on modular SIS only appeared in 2012 and lacks maturity. He suggested waiting another 3-5 years until AI has been thoroughly tested before using it for custody of large assets.

According to the official announcement from Mitsubishi UFJ Trust Bank, Mitsubishi UFJ Trust Bank, in collaboration with Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mizuho Bank, and TISI, completed an empirical experiment on the joint issuance of yen stablecoins and optimization of cross-border payments from July 17 to 23, 2026.This experiment was supported by the Financial Services Agency's "Fintech Empirical Experiment Hub - Payment Enhancement Project," verifying the feasibility of a multi-bank joint issuance stablecoin model and exploring the application potential of blockchain technology in international remittances and inter-company payments. The results of the experiment showed that the issuance and circulation of stablecoins are operationally feasible, providing important references for the future social implementation of digital payment services and blockchain financial assets.

In July 2026, the internet infrastructure company Cloudflare launched a research pilot with OpenAI to test whether Cloudflare's network signals could help ChatGPT users discover new content more efficiently. Both parties reported positive early results, with the pilot incorporating previously unknown pages into OpenAI's search index, providing ChatGPT with more sources to reference.The pilot utilized about 1% of Cloudflare's global participation queue, allowing OpenAI to discover and index hundreds of millions of new web pages. OpenAI independently evaluated and ranked these pages based on relevance and usefulness, while ChatGPT Search enabled users to view original content and publishers through backlinks. Observations indicated that automated traffic might make non-existent pages appear noteworthy, with some sites redirecting arbitrary addresses to their homepage and others pointing to duplicate content. Both parties are also testing signals to identify potentially harmful pages, such as fake login pages embedded on legitimate sites, advocating for the marking of single pages rather than entire domains.Related signals are also used to filter out non-existent or redirecting pages and to assess whether unchanged pages are worth revisiting. Page signals do not constitute access permission; the study utilized web metadata for search and discovery rather than using page content for model training. Site owners can understand and manage how AI systems access their websites through Cloudflare's AI Crawl Control. The next phase will improve page selection and test faster, more reliable change signals.

According to official news from Visa, the stablecoin pre-funding capability of Visa Direct has transitioned from the pilot phase to commercial deployment. Payment infrastructure provider Inyo Global has become the first service provider to put this functionality into production, supporting eligible Visa Direct clients and partners.

Citibank stated in its official insights report "Digital Frontier: Collateral in a Tokenized World" that as financial markets accelerate towards continuous, around-the-clock operations, collateral management is undergoing a structural evolution. Institutional-level tokenization is moving beyond isolated proof of concepts to establish scalable operational tracks on global banking, custody, and market infrastructure, making collateral a continuous liquidity and optimization engine.Citibank mentioned that combining tokenized assets with regulated on-chain settlement currencies can achieve instant atomic cash-to-cash transactions, eliminating multi-day gap risks and expanding the range of eligible collateral to include tools like tokenized money market funds. Global asset managers and asset owners will unify traditional and digital collateral into a single, continuously optimized inventory over many years of hybrid operating models, covering counterparties, custodians, and settlement venues.