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According to an analysis released by Unemployment Labs on November 12, 2026, researchers conducted forensic-level tracing of publicly available model weights and found that six recently released AI models from DeepSeek, Moonshot AI, MiniMax, and Ant Group contain digital fingerprints matching the NVIDIA Blackwell architecture.The study indicates that these models used high-end hardware subject to U.S. export controls during the initialization phase. Although this fingerprinting technology cannot track the specific location or acquisition method of the chips, nor can it prove whether export rules have been violated, the technical evidence suggests that these leading Chinese AI developers have begun utilizing the Blackwell architecture for model training. Researchers ruled out the possibility of other hardware and noted that this analytical method has been validated against known model training hardware.

Quantitative researcher ahzam stated that he will join Proof as the head of quantitative research, working alongside Squid and the team to build a new type of market. ahzam mentioned that he has been working at VelocityDEX and Drift since early 2025, and in recent months the team has undergone a complete reconstruction of the exchange, where he was responsible for most of the exchange's economic models and program development. ahzam also indicated that he has been working on perpetual contracts almost every day for the past two years.ahzam noted that he has been paying attention to Proof since Squid began experimenting with conditional contracts, viewing it as a new asset class that combines perpetual contracts and prediction markets, with related work focusing on fair pricing and exchange design. ahzam stated that he will travel to London to attend Breakpoint. Proof is driven by Squid and is positioned as a conditional perpetual and multi-world market exchange; VelocityDEX is a perpetual contract exchange on Solana, renamed from Drift. ahzam's personal profile shows that he was previously a quantitative researcher at VelocityDEX and has worked at AsgardFi.

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.

According to Jinshi Data, Bank of America Global Research has lowered the target price for Nvidia from $350 to $280. Investment bank Evercore ISI has downgraded Nvidia's rating from "Outperform" to "In Line" and has reduced the target price from $465 to $186.

The Enforcement Directorate (ED) of India raided locations related to CoinDCX and Delta, accusing them of unauthorized cross-border transactions. CoinDCX stated that they are cooperating with the inquiry, have registered with FIU-IND, and are complying with foreign exchange management laws, with transactions and deposits being normal.

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.

Korean glass manufacturer JNTC will supply glass disks for HDDs to hard drive manufacturer Seagate, with plans to start production at its Vietnam factory in the first quarter of next year and expand supply starting in the second quarter. JNTC has completed the construction of the mass production line at its third factory in Viet Tri, Vietnam, which will be invested with approximately 55 billion Korean won starting from the end of 2024, transformed from a factory for wearable devices and automotive cover glass, with an annual production capacity currently estimated at 120 million to 170 million pieces.JNTC expects that the related business will start contributing revenue from the first quarter of next year, adding several hundred billion Korean won in sales each year, and plans to prioritize meeting Seagate's demand before expanding to customers like Western Digital and Toshiba by 2030. The article estimates that in the future, Seagate's procurement volume of glass disks will be approximately 60% from Japan's Hoya and 40% from JNTC. JNTC also plans to increase its annual production capacity to 400 million to 500 million pieces in the medium to long term.

According to Bloomberg, Nvidia is collaborating with an external company to find the next CEO candidate and is considering appointing an interim CEO before determining a formal successor. The Nvidia board is preparing to remove Jensen Huang from the CEO position and will hold a meeting as early as November 11 to discuss his future, with no final decision or successor announced yet. Nvidia did not immediately respond to requests for comment.Following the related news, Nvidia's stock price fell about 9% in after-hours trading, having previously risen 2.9% during regular trading hours. CoreWeave, Micron, Intel, and Dell fell 6%, 1.9%, 2.7%, and 3% respectively in after-hours trading; AMD, Broadcom, and Google's parent company Alphabet rose 3.8%, 3.4%, and 1% respectively.

According to screenshots circulating on social platform X, the official X account of the digital asset trading platform Websea once posted an accusatory tweet, publicly accusing the company's owner and CEO of withholding employee salaries and reimbursements, which was later deleted.The content of the screenshot shows that the poster claims employees have dedicated time and effort to the company but have not received basic salaries and work reimbursements, and alleges that the company has seemingly stopped normal operations, with management failing to provide a clear payment arrangement. The poster demands that the owner and CEO of Websea respond directly to the issues of unpaid salaries and reimbursements, publish a clear and credible payment schedule, and settle all outstanding employee payments as soon as possible, while also calling for industry attention to this matter.

10x Research, a cryptocurrency market research organization, stated that the average return of Bitcoin after the U.S. midterm elections is a decline of 13.6% in 1 month, a decline of 21.6% in 2 months, a decline of 13.3% in 4 months, an increase of 3.5% in 6 months, and an increase of 53.9% in 1 year.10x Research noted that this phase first experiences a pullback, followed by outperforming the S&P 500 index, the Nasdaq index, and gold within 12 months, with average returns during the same period being an increase of 14.3%, an increase of 23.1%, and an increase of 18.5%, respectively.10x Research indicated that from an 80-year historical perspective, the surge in volatility after elections typically corresponds to the exhaustion of cycles rather than structural institutional breaks. The organization stated that after the Democrats gained control of Congress, higher baseline deficit spending and welfare expansion would accelerate the trend of currency devaluation.10x Research also reviewed historical precedents of cycles after past midterm elections and explained why patient capital should view this pullback as an entry point, with discussions centered around the clearing events proposed after the midterm elections.

Binance Research's latest report indicates that while institutional funds have significantly entered the cryptocurrency market, they are primarily flowing into passive Beta products (such as ETFs), and the actively managed sector has not kept pace.The core reason is not a lack of talent or returns, but rather the absence of a middle layer that connects funds with managers for discovery and verification. Currently, the funding sources for active cryptocurrency strategies still heavily rely on personal networks and conferences, lacking a standardized performance verification and benchmarking system.Research shows that 80% of asset allocators prioritize asset safety over historical returns, and verified trading platform data can significantly enhance due diligence. Managers believe that unverifiable performance and lengthy compliance reviews are the biggest obstacles to fundraising.Capital Connect data shows that directional strategies account for 44.3% of the total number of funds but hold only 6.7% of the capital; market-neutral, statistical arbitrage, and traditional multi-strategy funds make up less than half but attract 92.1% of the capital. The average single investment size from institutions in neutral strategies is about 11 times that of directional strategies.In October, BTC fell by 7.2%, with directional funds averaging a positive return of 1.9%, while neutral strategies recorded 1.0%. Binance Research concludes that institutional preferences and the introduction of traditional structures are driving the market towards maturity, but allocators remain highly selective. Only a comprehensive verification system and operational infrastructure can truly unlock the inflow of actively managed funds.

According to CoinPost, the Financial Services Agency of Japan announced the key points of the first meeting of the "Research Meeting on Responses to Digital and Decentralized Finance" held on October 20. Regarding DEX (Decentralized Exchange) and DeFi (Decentralized Finance), committee members suggested that Japan should respond promptly to avoid becoming a "regulatory void or a place for regulatory arbitrage."

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.

The prediction market platform Kalshi has launched a research grant program with a total amount of $1 million, intending to fund up to 50 independent studies that analyze the 2026 U.S. midterm elections using prediction market data. According to the official rules, eligible users can submit applications before 12:59 PM Beijing time on November 19.

According to exclusive reports from Big Factory Daily, Trip.com held an all-hands meeting last week to announce the promotion of the "Integration of Production and Research" system across the company. This system is centered around DRI (Directly Responsible Individual) and merges personnel from product, operations, front-end, back-end, algorithms, testing, and other areas into project-based teams, breaking down traditional functional team boundaries with the goal of achieving "everyone is a full-stack developer, everyone is a product manager."In terms of specific execution, DRI leaders are not limited by function and can be original product, operations, or technical leaders. Team members within the project group collaborate across functions, which may lead to situations where products evaluate technical performance, and technology reports to operations. Front-end and back-end teams can also propose requirements and implement them independently. Ideas from product and operations that can be realized by AI can also be delivered independently, ultimately decided by the DRI.Currently, departments such as Trip.com Travel, Flights, and Content Center have begun to respond, with different teams progressing at varying paces, and the company has not imposed a one-size-fits-all requirement. The report indicates that this move is partly influenced by Silicon Valley concepts and aligns with the trend of blurred job boundaries in the AI era. This model can effectively reduce buck-passing and disputes, shorten delivery chains, and accelerate decision-making, but the challenge lies in the high comprehensive ability requirements for DRI leaders, who need to possess both technical understanding and business insight, and such qualified leaders are currently relatively scarce.

According to Yahoo Finance, Anthropic's CEO Dario Amodei stated in the company's IPO roadshow video that diseases such as cancer, Alzheimer's disease, heart disease, and mental illness will be a thing of the past in less than a decade.Amodei mentioned that companies that can manage risks well will also gain societal trust and a "license to operate," being seen as capable of bringing the benefits of AI in the right way; if done correctly, humanity could usher in a "miracle era" that solves problems that have plagued us for thousands of years.He also stated that while releasing technological dividends and maintaining a sustainable business model, all risks associated with the technology potentially going wrong must be taken seriously.

U.S. October seasonally adjusted CPI monthly rate 0.4%, expected 0.3%, previous value 0.60%.U.S. October seasonally adjusted core CPI monthly rate 0.3%, expected 0.20%, previous value 0.30%.

Binance Research believes that if the trend of global interest rate hikes continues to slow down, Bitcoin may find support before major central banks cut interest rates.