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velo

Velo is a global settlement network based on blockchain and compliance, providing individuals and businesses with fast, secure, and low-cost cross-border payments.
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Gate founder and CEO Dr. Han took the stage at the Oxford Debate Society to share his 13-year entrepreneurial journey from a one-person company to global development

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.

Hong Kong Securities and Futures Commission: The development of tokenization in Hong Kong is moving from the experimental stage to commercial application

According to the Hong Kong Securities and Futures Commission, it co-hosted a seminar with the Hong Kong Monetary Authority on November 11, attended by over 200 industry professionals. The seminar topics included the opportunities brought by tokenization for secondary market trading and corporate treasury management, financial infrastructure optimization measures supporting payment and liquidity management, the role of virtual asset trading platforms in facilitating tokenized fund trading and providing liquidity, as well as cases promoting the broader application of tokenized currencies and tokenized investment products.The Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission, Wu Jiali, stated that the development of tokenization in Hong Kong is moving from the experimental stage to commercial application, with the next phase focusing on integrating tokenized investment products, digital currencies, and financial infrastructure to drive practical applications. The Assistant Chief Executive (Financial Infrastructure) of the Hong Kong Monetary Authority, Zhou Wenzheng, stated that the Monetary Authority will continue to work closely with the Securities and Futures Commission to promote responsible innovation in the field of tokenization.

The pass rate and cost of Alma by independent developer Yetone are better than Claude Code

The locally developed AI Agent Alma, led by independent developer Yetone, ranked third in the latest round of cross-evaluation initiated by the AI Agent infrastructure company Runta, both in task success rate and cost of success, outperforming tools like Claude Code and OpenCode. The current leaderboard snapshot shows that Alma has a task success rate of 72.7%, just behind Codex CLI at 77.9% and Pi at 72.8%, while Claude Code stands at 70.0%.Alma costs approximately $0.80 on average for each successfully completed task, compared to Claude Code's $0.94, making it about 16% cheaper. This FrontierHarness v1.1 comparison evaluates the performance of the same large model under different Agent execution frameworks, covering 21 sets of Harness configurations, 5 large models, and 62 tasks, with each task repeated 4 times, planning to run a total of 26,040 times, which is 72 times the scale of the previous version. All tools operate in a unified cloud environment, comparing task success rates, token costs, and execution speeds.Alma emphasizes local operation and long-term memory, capable of reading and modifying code, executing terminal commands, searching the web, and supporting Skills and MCP, while also allowing for switching underlying models. Recently, Alma integrated with Herdr, allowing programming Agents like Claude Code, Codex, and Pi to continue operating within Herdr, and enabling users to view execution processes, respond to questions, and approve operations in a centralized chat interface. Users can also remotely manage multiple Agents on their computers via iPhone. The evaluation is still ongoing, and rankings may change; the models being tested are limited to open-source models like GLM, DeepSeek, Kimi, and Muse, and do not cover closed-source models from the GPT and Claude series.

The Ethereum development organization Ethlabs suggests postponing the determination of the Hoodi fork date

The non-profit research organization Ethlabs stated that the EIP-8037 and EIP-8038 in the Ethereum Glamsterdam upgrade involve adjustments to Gas costs and billing mechanisms, which may affect some already deployed smart contracts. Ethlabs recommends postponing modifications to the upgrade specifications or determining the fork date for the Hoodi testnet until the results of external audits are published and the relevant impacts are clarified. The final decision will be made by the Ethereum Core Developers Meeting (ACD).The two external audits commissioned by the Ethereum Foundation from ChainSecurity and Dedaub are expected to be published before November 16. On the same day, a public Q&A will be held during the ACD testing meeting. The ACD executive meeting on November 19 is expected to discuss the audit results and may decide whether to modify the upgrade specifications.Glamsterdam aims to increase the Ethereum Gas limit per block from 60 million to 200 million. Ethlabs pointed out that adjustments to Gas costs may affect contracts and tools with hardcoded operational costs, and changes in the billing mechanism may also cause some deployed contracts to exhibit unexpected behavior. For example, after an internal call rollback, the remaining Gas returned by gasleft() may actually increase, affecting the contract's judgment on whether the call failed due to Gas exhaustion.

Developers say that the subscription limit for Fable 5.2 is about one-fifth of Opus

Renowned developer and T3 Code founder Theo discovered that although Anthropic's newly released Fable 5.2 is more powerful, the API equivalent usage available to subscription users is significantly lower. Theo has been tracking the actual request data of Claude Code for a long time. According to his estimates, for the same monthly subscription fee of $200 for Claude Ultra, using Opus 5.5 would yield an API usage equivalent to about $15,000 per month; switching to Fable 5.2 would only provide about $3,000, a difference of nearly 5 times.Anthropic stipulates that Ultra users can use a maximum of 50% of their total quota for Fable each week. Even if the entire quota is not used, as long as Fable reaches its limit, users must switch to other models or pay extra to continue using it. Theo estimates that if Opus 5.5 is used fully in a week, approximately 1,200 interaction rounds and 230 task sessions can be completed. If the Fable quota is exhausted first and then switched to Opus, the total number of interaction rounds would drop to about 900, although the number of completed task sessions might be slightly higher since Fable can sometimes complete tasks in one go without repeated communication.The API unit price of Fable 5.2 has decreased by 20% compared to the previous generation, with input and output tokens costing $8 and $40 per million, respectively, but it is still twice that of Opus 5.5. Anthropic reminds users that Fable will consume subscription quotas faster than other Claude models. Currently, Anthropic is offering eligible subscription users 1 to 3 opportunities to reset their Fable quota, with the number of resets depending on the subscription duration. Each reset can return the Fable quota consumed in the current week, allowing users to continue using it without waiting until the next week.
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