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On November 12, Gate founder and CEO Dr. Han was invited to speak at the Oxford Union, delivering a keynote speech titled "Start Alone," reflecting on his 13 years of entrepreneurial journey since founding Gate alone in 2013. He shared experiences and thoughts on entrepreneurial resilience, rapid innovation, team building, and opportunities for entrepreneurship in the AI era.Dr. Han stated that the founding of Gate stemmed from his early experiences of losses incurred through trading on online forums. To create a more trustworthy digital asset trading platform, he started his business alone without external venture capital support. Since then, Gate has experienced multiple industry fluctuations and significant business challenges, gradually growing through continuous innovation and adjustments. He emphasized that maintaining a strong long-term belief, quickly seizing new opportunities, and continuously improving innovation and execution efficiency are crucial factors for companies to face challenges and achieve long-term development.Regarding the AI era, Dr. Han proposed the "Boss + AI" model, pointing out that AI can significantly enhance information acquisition, knowledge learning, and daily work efficiency, empowering individual entrepreneurs with stronger execution capabilities. At the same time, he emphasized that "Start Alone" does not mean always going it alone; entrepreneurs must have the courage to take the first step independently while also seeking suitable partners and team members during the development process. Through this keynote speech at the Oxford Union, Dr. Han brought Gate's 13 years of entrepreneurial journey into a broader industry discussion and, drawing from years of personal practice, provided insights and inspiration for a new generation of entrepreneurs.

According to Modern Express, Capital Medical University recently reported a telecom fraud case where a freshman from the class of 2026 was scammed by someone impersonating public security and judicial personnel, resulting in a total transfer of nearly 1.8 million yuan. The police urgently intercepted 370,000 yuan, with an actual loss of over 1.42 million yuan.The scammer used methods such as forging police officer credentials, case documents, and threats of retaliation to demand that the student cut off contact with their family and school. They lured the student into withdrawing 200,000 yuan in cash, 450 grams of gold, and additionally purchasing 370,000 yuan in virtual currency, as well as transferring 710,000 yuan online. During this time, bank and police staff inquired and advised multiple times, but they were unable to stop the fraud in time.

According to the market information platform Liquid247.xyz, Coinbase's spot BTC has approximately 139.21 buy orders at the price level of $70,050, with a nominal value of about $9.7516 million, retracting about 0.56% from the mid-price of approximately $70,444 at that time. The total buy orders at the near-end market are about $39.3267 million, while the sell orders are about $27.2126 million.Coinbase's spot buy orders have a net long position of about $12.1141 million, accounting for 18.21% of the total depth. This buy order is the most prominent support at the near-end; if a large market order appears, it may provide some support for the current price.

According to The Block, TRM Labs has launched a custody service called Beacon Concierge, aimed at assisting law enforcement agencies in collaborating with cryptocurrency exchanges and stablecoin issuers to prevent and seize illegal cryptocurrency flows on any chain or asset.Beacon has over 200 members, covering 80% of cryptocurrency trading volume, with response times measured in minutes.

Reuters reported on November 12, citing three informed sources, that Chinese artificial intelligence companies are attempting to rent Nvidia chip computing power from overseas data centers, concerned that the controversy surrounding Nvidia CEO Jensen Huang may prompt Washington to tighten restrictions on the remote use of advanced processors. The United States has restricted the export of Nvidia's most advanced artificial intelligence chips to China, and Chinese companies can currently use such processors remotely by renting computing power from overseas data centers. A large Chinese cloud service provider has internally discussed whether to secure overseas Nvidia chip capacity, and some companies have contacted data center operators to negotiate reservations. The informed sources declined to be named due to the sensitivity of the matter and did not specify the cloud service provider.Two informed sources stated that smaller artificial intelligence labs are also considering similar arrangements, including reaching out to major computing power rental service providers in Southeast Asia. These companies are concerned that the controversy surrounding Jensen Huang may provide political momentum for the U.S. Remote Access Security Act (RASA). This bill aims to authorize the U.S. Department of Commerce to regulate remote and cloud access to restricted technologies. The U.S. House of Representatives passed the bill in January with a vote of 369 in favor and 22 against, and it is currently awaiting Senate review. Reuters stated that Nvidia's advanced processors are used to train and run the large models behind generative artificial intelligence products like chatbots, and restricting overseas cloud access will make it more difficult for Chinese developers to obtain high-end computing power without directly importing chips.Jensen Huang stated on Sunday that he was unfaithful to his wife. The New York Times reported that the individual involved is Alice Huang, a former executive of Singapore cloud computing company Megaspeed, who U.S. authorities have identified as a Chinese intelligence operative. Reuters stated it was unable to independently verify the allegation, and the Chinese side has denied it. Two informed sources said that Alice Huang has business dealings and investment relationships with Chinese tech companies such as Tencent and Alibaba, which did not immediately respond to requests for comment. Business filings in Singapore reviewed by Reuters show that Alibaba subsidiary Apex Enterprise Solutions had provided financing to Malaysian company Speedmatrix, which is associated with Megaspeed. Megaspeed denied illegally transshipping Nvidia chips subject to U.S. export controls to China. Two other informed sources stated that traders and intermediaries have begun hoarding restricted Nvidia artificial intelligence chips in China's gray market, with buyers concerned that the controversy may prompt the U.S. to take broader action against the smuggling of advanced chips and artificial intelligence servers.

The latest 13F filing for the third quarter of 2026 submitted by the quantitative hedge fund Renaissance Technologies, founded by mathematician Jim Simons, shows that the institution has significantly adjusted its U.S. stock holdings, nearly completely liquidating its positions in Nvidia, Meta, Apple, and Amazon, with Nvidia's holdings decreasing by 99.7% from a previous market value of approximately $1.42 billion. This reduction occurred weeks before the controversy involving Jensen Huang was exposed.From the perspective of the top ten holdings, Micron Technology ranks first with $1.62 billion, Advanced Micro Devices ranks second with $1.21 billion, followed by United Therapeutics at $908 million, Intel at $835 million, Google's parent company Alphabet at $828 million, and UnitedHealth at $817 million. Additionally, it has established a new position in SpaceX, with a holding value of approximately $621 million.In terms of specific adjustments, the institution has significantly increased its holdings in SanDisk, with the number of shares increasing by 5451%; Micron Technology and UnitedHealth saw their share counts increase by 619% and 507%, respectively, while AMD increased by 140%. Aside from Nvidia, the share counts for Meta, Apple, and Amazon were reduced by 99.9%, 99.8%, and 99.5%, respectively, and it reduced its position in Palantir by 71%. The institution also completely exited its positions in Blackstone, the S&P 500 ETF, Mellanox Technologies, and Danaher, among others.

According to a report by Crypto Briefing, Grayscale's research indicates that the correlation between crypto assets and Bitcoin is decreasing, with Bitcoin currently explaining only about 50% of the return volatility across various crypto sectors.The report breaks down the annualized volatility and the impact of Bitcoin-related factors by sector: the annualized volatility of the currency sector is 49%, with 43% attributed to Bitcoin; the annualized volatility of the smart contract platform sector is 58%, with 38% attributed to Bitcoin; the annualized volatility of the finance sector is 59%, with 30% attributed to Bitcoin; the annualized volatility of the utilities and services sector is 67%, with 30% attributed to Bitcoin; the annualized volatility of the consumer and culture sector is 76%, with 46% attributed to Bitcoin; the artificial intelligence sector has the highest annualized volatility at 85%, with only 35% attributed to Bitcoin.The research points out that Bitcoin's own annualized volatility has recently been around 43%, while the volatility of all sectors tracked by Grayscale is higher than that of Bitcoin. The report suggests that lower correlation does not imply lower risk, but the fact that Bitcoin explains only half of the return volatility means that the other half is driven by factors specific to each sector, providing investors with a reference for assessing which sectors can offer true diversification.

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.

Intel (INTC.O) announced a collaboration with RadixArk to advance open AI inference on the Intel platform.

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 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.

The NVIDIA board announced today that Jensen Huang has resigned from all positions as President, CEO, and board member of the company, effective immediately. The company has not arranged for him to take on any advisory or other formal roles. Current CFO Colette Kress will serve as interim CEO, and the board has initiated a formal search for a successor.Jensen Huang currently has a relationship with NVIDIA only as a major shareholder, holding approximately 3.6% of the shares (previously disclosed as about 871 million shares, most of which are held jointly with his wife), with a significant market value, ranking among the top investors. As a common shareholder, he enjoys corresponding voting rights and economic benefits, but cannot independently control the board or company decisions (NVIDIA has a single class common stock structure, with no dual-class super voting rights).The NVIDIA announcement only emphasized his contributions over the past 33 years and stated that the company will continue to move forward based on the foundation he has laid, without mentioning any transitional advisory roles, honorary positions, consulting arrangements, or other ongoing management/decision-making roles.

In the past 90 days, BTC has risen by 16.6%, with only 31 cryptocurrencies outperforming Bitcoin.Among them, BTW has increased by 219%, QNT has risen by 184%, NIGHT has grown by 171%, and RAY has surged by 151%, making them some of the stronger-performing cryptocurrencies.

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.

According to Serenity, Jensen Huang is almost irreplaceable for Nvidia. Serenity stated that this is similar to how Tesla's valuation and market confidence could collapse if it lost Elon Musk.Serenity mentioned that Jensen Huang bet on CUDA before the explosion of artificial intelligence and began building the Neocloud ecosystem; he locked in key supply chain capacity years in advance and launched rack-level systems that integrated components like CPUs and networking devices. Jensen Huang also transformed the competitive threat posed by ASICs into new development opportunities by investing in companies like Marvell and MediaTek, competing with Broadcom, while incorporating these partners into Nvidia's NVLink ecosystem.Serenity also stated that Jensen Huang almost single-handedly built the financial and industrial ecosystem surrounding the current AI investment boom, growing Nvidia from a startup into a company with a market value exceeding $5 trillion, with an expected future growth rate of 70% by fiscal year 2028. Serenity indicated that even if Nvidia's actual revenue or product roadmap does not undergo substantial changes in the next two years, simply replacing Jensen Huang could have catastrophic effects on Nvidia's long-term development.

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.

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.

According to Onchain Lens monitoring, Wintermute has achieved historical profits of 227.01 million dollars on Hyperliquid, with a current position of 92.45 million dollars, including a short position of 72.45 million dollars.In the last 30 days, profits amounted to 18.9 million dollars, with an unrealized profit of 3.13 million dollars. The largest short positions are in ETH (13.84 million dollars), SOL (11.24 million dollars), and HYPE (6.51 million dollars).

According to the market information platform Liquid247.xyz, the Hyperliquid address 0x3ff54f...f705 currently holds a BTC short position of 889.386 coins, with a nominal value of 65.4623 million USD.At the time of publication, BTC is quoted at 73,604 USD.