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The semiconductor research institution SemiAnalysis published a report regarding Jensen Huang's resignation, noting that although the board has appointed Colette Kress as interim CEO, they prefer that the formal CEO does not have a financial background, so they are still selecting a permanent CEO.Internal technical direction candidates include Ian Buck and Jonah Alben. Ian Buck founded CUDA during his PhD at Stanford and joined NVIDIA in 2004, responsible for the data center business; Jonah Alben joined in 1997 and is currently the Senior Vice President of GPU Engineering. Executives have stated, "Ian would rather die than take over Jensen's position," and "no one would really want that job." The report indicates that both are outstanding, but may not be able to exert the same supply chain management control as Jensen Huang.

The U.S. October PPI year-on-year will be announced at 21:30 Beijing time, with a previous value of 6.3% and a forecast value of 6.6%; the U.S. October core PPI year-on-year will be announced at 21:30, with a previous value of 5% and a forecast value of 5%.

The New York Federal Reserve report confirms that the U.S. Treasury used approximately 500 million euros equivalent during the coordinated intervention in the foreign exchange market with Japan on July 31. The New York Federal Reserve purchased 79.4 billion yen and sold euros from the "Exchange Rate Stability Fund."This action aimed to address the disorderly fluctuations of the yen exchange rate. The Federal Reserve did not participate in this intervention.

For the week ending October 31, the number of continuing claims for unemployment benefits in the United States was 1.697 million, lower than the expected 1.71 million, and the previous value was revised from 1.718 million to 1.717 million.

For the week ending November 7, the number of initial jobless claims in the United States was 200,000, higher than the expected 195,000, and the previous value was revised from 189,000 to 191,000.

Inflation data for October in the United States sends multiple warning signals. The data shows that the core CPI rose by 0.3% month-on-month, higher than the market expectation of 0.2%, exceeding expectations for the third consecutive month; the overall CPI rose by 0.4% month-on-month, also above expectations. The impact of rising energy prices is spreading to areas such as food and transportation, and service inflation remains robust, further complicating the Federal Reserve's efforts to control inflation.Specifically, food prices in the U.S. rose by 0.5% month-on-month in October, with grocery prices recording the largest monthly increase since April; urban transportation service prices saw the largest monthly increase since 2020, and prices for airline tickets and delivery services also increased. Additionally, service prices excluding energy and housing rents rose by 0.4% month-on-month, while owners' equivalent rent increased by 0.3%.AI investments are bringing new cost pressures. Over the past three months, the annualized price increase for computers and peripheral devices in the U.S. reached 25%, and electricity prices rose by 0.9% month-on-month in October, marking the largest increase in six months. Morgan Stanley estimates that AI-related factors have contributed about 6 basis points to the core CPI this year, with the current impact still relatively limited, but as data center investments expand, related pressures may rise further.In terms of monetary policy, Chicago Fed President Goolsbee described the latest inflation data as approaching an alarming level. Fed Governor Waller previously stated that if the core CPI month-on-month increase reaches 0.3% or higher, the December meeting should consider raising interest rates by 50 basis points. Goldman Sachs has included a forecast for an additional 25 basis point increase in March 2027, expecting that the target range for the federal funds rate will rise to 4.25% to 4.50%. However, some economists warn that there is a lag in the transmission of energy prices, and over-reliance on current data may lead to excessive tightening of monetary policy.

Documents from the U.S. Securities and Exchange Commission show that State Street Bank increased its holdings in SpaceX by 77.8%, raising its holdings of SpaceX Class A shares to 19.3 million shares.

At Tencent's internal all-staff meeting celebrating its 28th anniversary, Ma Huateng proposed to accelerate organizational change. He believes that Tencent's transformation is somewhat late and cannot leisurely feel secure anymore. Ma Huateng compared it to the army and navy, stating that traditional core businesses like gaming and social networking must be safeguarded, but efficiency should be improved using AI. For example, tasks that originally required everyone can now be completed by half the staff, freeing up the other half to explore AI-native businesses and seek new growth points.Ma Huateng's previous statements regarding AI have been traceable. In January of this year, he emphasized that Tencent's AI layout should be steady and solid; in May, he used a ship analogy, stating that they initially thought they had secured a ticket for the AI ship, only to later find it was leaking and had to switch to another one. He specifically mentioned Google, believing that initially, everyone was worried about AI impacting search, but later felt that Google seemed to withstand it. Looking at this year, he noted that "the wave has really come," and traditional businesses like content cannot feel secure either. Google's search advertising revenue still grew by 12% in the third quarter of this year, but the growth rate has continuously declined from 19% in the first quarter to 17% in the second quarter, with management admitting that the commercial monetization capability of AI Mode is weak. On the day of its 28th anniversary, Tencent launched "Yuanbao Search," redoing the search process with a large model and integrating content from public accounts and video accounts.Ma Huateng also told the internal management that organizational transformation can no longer be about coddling employees, repeatedly persuading them, and negotiating terms. Some people even want to negotiate management positions before participating in new businesses. He demanded a flatter organization, with employees needing to quickly switch skills and adapt to new positions, stating that this reform is different from the "cost reduction and efficiency increase" from a few years ago, which mainly focused on cutting costs. Now, it is about changing the way the organization and personnel work, running faster with the existing manpower, and enabling small teams to accomplish big tasks. Related speeches subsequently sparked discussions in employee communities, with rumors of "Tencent laying off 50%" and "laying off 8,000 people" appearing on platforms like Maimai and Xiaohongshu. Tencent's PR director Zhang Jun clarified that the so-called 50% was merely a metaphor used by Ma Huateng for organizational transformation and not the layoff ratio, nor has it been announced that half of the employees would be laid off.

The spokesperson for the Ministry of Commerce, He Yadong, stated that China and the United States are maintaining close communication on the "30 billion for 30 billion" framework arrangement for reciprocal tariff reductions, which is beneficial for stabilizing and expanding bilateral trade. Communication between the two sides in areas such as trade and investment will create more favorable conditions for agricultural product trade between the two countries, and relevant progress will be announced in a timely manner.

Former Superstate engineering head Jon Walch tweeted that his new company Offworld Privacy will bring privacy cryptocurrencies like Zcash to private DeFi on Helius Privacy and Aztec Network. The first products include a trust-minimized shielded Zcash bridge and a private lending protocol.

CryptoQuant analyst Darkfost stated that since October, Bitcoin has undergone a chip distribution phase, resulting in a correction of about 15%. Currently, losses dominate after the profit-taking phase of short-term holders (STH).In the past 24 hours, short-term holders have sent 48,500 BTC to exchanges, of which 47,300 were sent at a loss, making it one of the strongest STH capitulation behaviors in recent months.

A few days ago, Jensen Huang, the founder of NVIDIA, publicly admitted to being unfaithful to his wife Lori Huang, with whom he has been married for over 40 years, in an internal letter to all employees. He apologized to his family, employees, and shareholders regarding this matter. The incident sparked discussions, and within two days, NVIDIA's market value evaporated by approximately $400 billion to $470 billion, with the stock price dropping by about 11%.After the incident gained traction, a public response allegedly from Lori Huang circulated on X. The main points included that her husband had informed her before the public disclosure, that a public apology could not restore trust overnight; she did not understand the truth behind the accusations against the related women and believed that national security issues should be handled by investigators rather than the media; she would not join in the attack on the related women, that decisions regarding the marriage should be made by the family, and she requested time and privacy from the outside world. Some related tweets garnered over a million views.This statement was not released by Lori Huang herself. Some media reports indicate that as of now, she has not publicly made any statements regarding her husband's infidelity. The statement claims that for 28 years, they have kept their private life out of the public eye, but the couple has actually been married for about 41 years, which does not match the timeline, and there is a lack of official channels, verified accounts, or lawyers, spokespersons, and other verifiable primary sources.

U.S. Ambassador to China David Perdue stated on November 11 that the U.S. and China are advancing the establishment of an AI crisis mechanism. U.S. Treasury Secretary Janet Yellen emphasized on the same day that both sides plan to establish direct communication channels to promptly report significant AI incidents involving national security.This mechanism is similar to an AI emergency hotline. For example, if an AI entity unauthorizedly attacks another country's network, jeopardizing critical infrastructure, or if advanced models show severe signs of losing control, both sides can exchange information in a timely manner to avoid misjudging a technical incident as a deliberate attack. In September of this year, the leaders of the U.S. and China agreed to establish a communication channel for AI incidents.

According to RootData monitoring, yesterday the total net outflow of Bitcoin spot ETFs in the United States was 95 million dollars. Among them, BlackRock IBIT had a net outflow of 78.24 million dollars, Fidelity FBTC had a net outflow of 36.79 million dollars, and Morgan Stanley MSBT had a net inflow of 20.03 million dollars.The remaining ETFs such as Grayscale GBTC, Grayscale Mini BTC, Bitwise BITB, and Ark ARKB had a net inflow of zero on that day.

According to Coinglass data, the cryptocurrency Fear and Greed Index is currently at 30, down 1 point from yesterday. The average over the past 7 days is 32, and the average over the past 30 days is 46.

According to The Block, Jupiter Exchange's Chief Operating Officer Kash Dhanda stated in an interview, "Solana is the universal chain."He believes that the future of finance will not be built on specialized systems, but rather on a universal chain that can aggregate liquidity, and currently, only Solana provides this.

The New York Federal Reserve report shows that the proportion of loans overdue by at least 30 days in the United States has risen to 5%, up from 4.7% in the second quarter. The total household debt increased by 1.8% quarter-on-quarter, reaching $19.1 trillion.The proportion of mortgages overdue by more than 90 days has risen to 1.13%, the highest level since 2018. The balance of home equity lines of credit increased by $23 billion, the largest increase since 2005.

AI company Anthropic has updated its "Supported Regions Policy" on its official website, with the new version taking effect on November 12. The policy applies to applications, APIs, and developer platforms such as Claude.ai, Claude Code, Cowork, as well as Claude models provided through cloud platforms and authorized distributors.The new policy clarifies that the following situations are considered as usage in unsupported regions: individuals located in unsupported regions, including users and employees of supported entities; entities registered or headquartered in unsupported regions and their users or employees, regardless of where these individuals are located; entities that are directly or indirectly majority-owned or controlled by individuals or entities from unsupported regions and their users or employees, again regardless of where they are located.According to the official website list, mainland China, Hong Kong, Macau, and Russia are not included in the list of supported regions.

Square plans to complete a phased expansion of Bitcoin payment arrangements, with Lightning Network payments being opened to eligible sellers in its U.S. merchant network. Consumers can pay with Bitcoin, while merchants will default to receiving dollars but can choose to retain Bitcoin.Square will waive Bitcoin payment processing fees until the end of 2026, after which it plans to charge a uniform fee of 1%. Square's broader merchant network covers over 4 million merchants, but eligibility restrictions still exist, and actual adoption has not been independently quantified.