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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.

According to IT Home, Baidu's Wenxin large model has released ERNIE 5.5 Flash Preview, which is the first post-training version based on the previously released Base model. This model has a total of 280 billion parameters, with 14 billion active parameters, and supports 1 million contexts. The official claims it performs excellently in programming, 3D modeling, knowledge work, content creation, and more.ERNIE 5.5 Flash Preview balances intelligence level and inference efficiency, achieving competitive scores in multiple benchmark tests while maintaining a fast decoding speed. The model API has been launched on the Qianfan platform, and the weights will be open-sourced before November 25.Baidu stated that this model is an intermediate version in the post-training process. Although it has achieved competitive performance among models of the same size, there may still be some capability deficiencies due to insufficient training. Post-training is still ongoing and will be optimized in the subsequent official version.

Alibaba announced that the new generation of the Qwen large model, Qwen4, has begun open testing, with the flagship preview version Qwen4-Max launched. This model has been integrated with Alibaba's Token Plan, Qwen Office, Qoder, Qwen App, and QwenStudio.This generation focuses on upgrading complex programming, front-end design, and agent capabilities. Alibaba also emphasizes professional office and software operations, hoping the model can autonomously use tools and complete multi-step tasks.Qwen4 has been in a warm-up phase for several months. In September of this year, Alibaba announced that the Qwen4 based on the new architecture is in training. The earlier released Qwen3.8-Flash-Next has already opened an experimental version of the new architecture. According to the previously showcased product plan, the Qwen4 series also includes Flash, Plus, and a 27B version aimed at local deployment.

The first U.S. staking INJ ETF has landed on Nasdaq, Injective reviews its progress on the fifth anniversary of its launch.

Linda Xie, co-founder of Scalar Capital and former product lead at Coinbase, published a review of her personal angel investment situation over the past 10 years, stating that she has invested in a total of 50 companies, with 60% in the cryptocurrency sector, 10% in the AI sector, and the remainder distributed across other industries.Currently, there have been 6 investments that have returned more than the initial investment, all from the cryptocurrency sector, with 5 coming from token warrants and 1 from equity, but none of these covered the entire investment portfolio individually. The highest paper return on investment, which far exceeds other projects, comes from an AI company; if it can be monetized, its return could theoretically cover the entire portfolio's investment.Additionally, 12 companies have officially shut down or exited through talent acquisition, with 7 investments returning zero, 4 returning 80% to 90% of the initial investment, and 1 result pending. The above statistics only cover her personal equity investments and do not include the funds under her management or directly held cryptocurrency assets such as Bitcoin and Ethereum.

b14g released a security incident review report on October 31, 2026, which pointed out that attackers exploited a compatibility flaw between its staking contract and the native staking contract of the Core network. Through a single transaction, they initiated 99 zero-amount (0 CORE) withdrawal requests to 91 staking orders, resulting in approximately 97.05 million CORE being stolen. This attack did not involve private key leakage, nor did the attackers modify or deploy new b14g contract code.BTC staked through b14g was unaffected and remains locked on the Bitcoin chain. In terms of fund recovery, approximately 68.15 million CORE (about 70.2% of the total stolen amount) was recovered on November 2 through a hard fork of Core, and another approximately 12 million CORE has reportedly been frozen by trading platforms. Regarding user compensation, b14g plans to return the recovered CORE to affected orders in proportion to their original balances within the next 5 to 7 days, while the remaining losses will be repaid through 50% of future Core staking business income, with affected users able to receive payments weekly.

According to an official statement from MEXC, the platform has acknowledged the order issued by the Financial Crimes Enforcement Network (FinCEN) on November 6 and is currently assessing it with its legal and compliance team. MEXC stated that the platform is operating normally and user assets are secure.MEXC emphasized that it will take the relevant concerns seriously and plans to engage in constructive communication with FinCEN and other relevant regulatory authorities globally. An independent review of its anti-money laundering and sanctions control measures has also been initiated.Previous news reported that the U.S. Department of the Treasury has ordered U.S. financial institutions to prohibit the transfer of funds to and from MEXC Global, and this order will take effect 30 days after publication in the Federal Register.

According to Bloomberg, Wall Street's reaction to the U.S. midterm elections shifted from positive to negative in about 24 hours. The sell-off on Thursday spread from retail investors to hedge funds, long-only asset management firms, and quantitative strategies, causing a loss of approximately $3.7 trillion in market value for U.S. stocks in a single day, with the Nasdaq 100 index recording its largest drop since March 2020. Initially, the stock market rose after the elections due to the reduction of event risk and a decline in oil prices, but investors later reassessed the risks of Democratic scrutiny on data center expansion.In the first half hour after the market opened on Thursday, retail investors were the first to sell for profit, followed by hedge funds and long-only firms. Data from Vanda Research shows that the net selling scale of retail investors on that day was second only to two days during the pandemic shock in March 2020. Its strategist Viraj Patel pointed out that while retail and systematic investors were actively selling, institutional buyers chose to step back. The decline subsequently triggered mechanical selling, with Nomura strategist Charlie McElligott estimating that based on the negative gamma exposure during Thursday's trading, for every 1% drop in the market, options market makers would generate an additional selling pressure of about $7 billion.Volatility control funds estimated that they needed to reduce their holdings by about $61 billion in stocks based on market changes at the time, with about $25 billion in sales still being executed on Wednesday. The rebalancing of leveraged ETFs is expected to bring about an additional $47 billion in stock sales. Vanda estimated that commodity trading advisors sold about $13 billion in S&P 500 and Nasdaq futures. Goldman Sachs' prime brokerage trading desk estimated that fundamental long-short funds lost about 1.3% on Thursday, while technology-themed funds fell over 4%. The basket of stocks in storage, optical networks, data centers, and AI semiconductors dropped by 12% to 15% that day, and the VIX index rose from 16.6 points at the opening to nearly 28 points at the close.

According to a report by Bloomberg, the U.S. Department of Labor's final rule aimed at facilitating the inclusion of alternative assets such as private equity, real estate, and cryptocurrencies in retirement plans has been submitted to the Office of Information and Regulatory Affairs (OIRA) for review on Thursday. This submission indicates that the rule is nearing completion and public release, but is still in the review stage.The Department of Labor announced the relevant proposal on March 30. According to the previous proposal, trustees can obtain legal safe harbor protection when including private assets in 401(k) plan investment options, provided they meet six criteria. These six criteria are investment performance, fees, liquidity, valuation, performance benchmarks, and complexity.

The highest banking regulatory authority in the Eurozone, the European Central Bank, is considering a special review of loans related to data centers to assess the potential risks posed by fluctuations in market sentiment and valuations in the artificial intelligence sector. Sources revealed to Bloomberg that senior officials at the European Central Bank have proposed this review idea in discussions both internally and with the banks under its supervision.As market concerns about rising interest rates and increasing opposition to data center construction grow, there may be pressure on the rapidly expanding data center loan sector, prompting global regulators to strengthen their scrutiny of banks' risks related to artificial intelligence. One source indicated that this review may take the form of on-site inspections, focusing on how banks assess future cash flows and collateral values, as well as how they provision for potential defaults.Another source emphasized that the scope of this investigation will not be as extensive as the review conducted by the European Central Bank several years ago regarding leveraged financing, which had previously caused tensions between regulators and banks. Currently, the European Central Bank has not yet determined the specific review approach for data centers and the broader risks associated with artificial intelligence.

The proposal from the U.S. SEC regarding amendments to the financial responsibility, recordkeeping, and reporting rules for cryptocurrency asset brokers has been submitted for review by the White House.

According to a report by The New York Times, Iran is reviewing the specific proposals on the nuclear issue put forward by the mediators, indicating that the U.S.-Iran diplomatic mediation led by Qatar has made progress.In the past week, Qatar has held multiple rounds of talks in Tehran and Doha. Iran has demanded measures including the unfreezing of assets and the lifting of oil sanctions. The U.S. and Israeli military have developed a target list for strikes against Iran, and Iran has warned that if it is attacked again, it will expand the scope of its retaliation.

According to CoinDesk, the National Bank of Ukraine (NBU) stated that it does not support the current version of the draft for the legalization and regulation of crypto assets, calling on lawmakers to continue revising it before the final vote.The NBU supports advancing regulation by referring to the European Union's Markets in Crypto-Assets Regulation (MiCA) and recommendations from the International Monetary Fund, but believes that draft No. 10225-d still does not address its key concerns, and the final text was only delivered on Tuesday night, leaving insufficient time for review and lacking transparency in the legislative process.The NBU warned that foreign tokens not adequately regulated in their place of issuance may enter Ukraine, some of which could function as electronic money, threatening monetary sovereignty and financial stability, and bypassing requirements applicable to domestic similar assets. The NBU hopes to obtain the authority to assess and limit their use when necessary.Regarding market access, the NBU stated that a preliminary compromise had been reached to select three crypto trading platform operators through competition, but the final draft leaves the number of access points for the first five years to the discretion of the securities regulatory authority, raising concerns about monopolies and corruption risks. According to the draft, the National Securities and Stock Market Commission of Ukraine will become the main regulator, with a 5% transitional tax rate applicable to existing crypto assets until the end of 2028, and transactions between crypto assets explicitly exempt from tax.

GitBook released a security incident review on November 2, stating that attackers exploited a vulnerability in its single sign-on process to forge employee login sessions, allowing them to query improperly configured GitHub App authentication information within the organization, access internal code repositories, and obtain Cloudflare API keys, ultimately gaining full production environment permissions through service accounts.GitBook disabled the relevant internal service accounts to cut off the attack within hours, resulting in the platform being offline for approximately 16 hours, and fully restored on November 3 at 11:56 UTC. The attackers remained in the production environment for a total of about 3 hours and 25 minutes. GitBook has rotated all infrastructure and revoked customer keys and API tokens.GitBook stated that current indications show the attack targeted a single customer rather than the platform as a whole, and no other customer content has been found to be tampered with. However, since the attackers could access customer data within the platform, they are treating it as if all customer data may have been exposed, including API tokens, integration keys, session signing keys, assistant Q&A records, and authorized repository permissions for GitHub and GitLab applications. Billing information, passwords, and IP addresses were not affected.GitBook noted that the speed and precision of the attack heavily relied on automation and AI. Slow Mist's Chief Information Security Officer 23pds forwarded the review, stating that the targeted entity was Trade.xyz. Trade.xyz previously indicated that the document anomaly stemmed from an intrusion into GitBook's infrastructure, and there were no signs of their own infrastructure being compromised, and they will migrate away from GitBook within a few days.

According to reports from the Financial Associated Press, the A-share market rebounded quickly in the afternoon, with the Sci-Tech 50 Index rising nearly 10% and the ChiNext Index rising over 6%. The semiconductor industry ETFs collectively rose, with the semiconductor ETF Bosera (159582) and the semiconductor equipment ETF CMB (561980) hitting the daily limit. The total transaction amount in the Shanghai and Shenzhen markets reached 2.04 trillion yuan, an increase of 334.3 billion yuan compared to the previous trading day. Over 4,600 stocks in the entire market rose, with more than a hundred stocks hitting the daily limit.On the market, the semiconductor industry chain rose, with Jingyi Equipment, Torens, Huafeng Measurement and Control, Qiangyi Co., and Jiangfeng Electronics hitting the daily limit of 20%. Northern Huachuang, Tongfu Microelectronics, and Jinhaitong also hit the daily limit. In the precious metals sector, Xiaocheng Technology hit the daily limit of 20%, while Shanjin International, Zhaojin Gold, Sichuan Gold, Chifeng Gold, and Shengda Resources also hit the daily limit. Innovative drugs and CRO concepts experienced fluctuations and rises, with Jinling Pharmaceutical, WuXi AppTec, and Kailai Ying hitting the daily limit. Computing hardware stocks rebounded in the afternoon, with New Yisheng, Zhongji Xuchuang, and Changguang Huaxin rising over 10%.Robotics and physical AI concepts performed actively, with Yongzhen Co. achieving two consecutive limits, while Fulai New Materials and Zhongma Transmission hit the daily limit, and Suochen Technology hit the daily limit of 20%. On the downside, stocks related to the "sheep" category collectively weakened, with Aoyang Health, Sunshine Lighting, Sunshine Dairy, and Baiyang Co. hitting the daily limit. By the close, the Shanghai Composite Index rose 2.16%, the Shenzhen Component Index rose 4.22%, and the ChiNext Index rose 6.4%.

Apple (AAPL.O) opens the Siri artificial intelligence preview version to all developers.

According to Binance's official disclosure, the security incident on October 29 involved approximately $6.34 billion in digital assets. As of the report's release, about $2.85 billion in assets had been frozen or intercepted, with amounts pending verification and affected by market price fluctuations.Binance's preliminary investigation stated that the attackers infiltrated employee devices through fake job interviews and malicious software downloads, subsequently using internal AI tools and stolen credentials to access wallet signature services, bypassing normal withdrawal processes to initiate transactions. The attackers also exploited the Ethereum EIP-7702 authorization mechanism, allowing the malicious contract to gain partial execution rights over the hot wallet.Binance stated that the company will bear the financial impact of the stolen funds; as of October 31, 98% of the affected token assets have been replenished, while the remaining assets with lower liquidity are still being purchased. The company has closed the identified attack vectors and is hiring independent security experts for further review.