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According to a report by The Information, Microsoft has reduced its capital expenditures for the third quarter by about $5 billion due to delays in the third-party data center it plans to lease. Sources say that the data center project by Iren located in Childress, Texas, has encountered delays, leading Microsoft to postpone some expenditures. Microsoft had previously announced plans to invest $9.7 billion over five years to lease servers equipped with NVIDIA GPUs from Iren.Power supply and grid access have also become bottlenecks for computing power delivery. Last month, Microsoft withdrew from a plan to lease a data center project in the UK from Nscale due to delays in grid access. As self-built data centers struggle to meet demand in a timely manner, Microsoft is simultaneously leasing computing power from multiple cloud service providers.Meanwhile, AI server supplier Supermicro continues to raise its performance expectations. The company's revenue for the first fiscal quarter reached $19.95 billion, exceeding analysts' expectations of $16.39 billion, and it expects revenue for the second fiscal quarter to be between $19.5 billion and $21.5 billion. The revenue forecast for fiscal year 2027 has also been raised from $65 billion to $72 billion to $72 billion to $82 billion. Bernstein pointed out that assessing AI computing power demand cannot simply rely on contract amounts or megawatt scale; it also needs to consider contract cancelability, duration, and actual deployment time; some projects may be delivered in phases, and chip procurement agreements may correspond to the same batch of computing power as data center leasing contracts.

According to Cryptoast, due to the failure to obtain regulatory approval under the EU MiCA, Binance announced that it will close user accounts in France (Binance France) and cease operations in France on December 31, 2026. Currently, the deposit function is no longer available.Starting from November 29, accounts that still hold assets will be charged a monthly management fee of 0.025%, with a minimum fee of 10 USDC. The first deduction will occur within 3 days after November 29, and the second will occur after December 24. Fees will be deducted primarily from USDC, and if insufficient, from other crypto assets. Accounts that withdraw all assets before November 29 will be exempt from fees. Assets not withdrawn after December 31 may be considered inactive accounts and may be converted, transferred, or otherwise processed. Users can proactively close their accounts and withdraw funds at any time.

According to a report by Cryptoast, due to the failure to obtain regulatory approval from the EU MiCA, Binance announced that it will close user accounts in France (Binance France) on December 31, 2026, and cease operations in France. Currently, the deposit function is no longer available.Starting from November 29, accounts that still hold assets will be charged a monthly management fee of 0.025%, with a minimum fee of 10 USDC. The first deduction will occur within 3 days after November 29, and the second will be after December 24. Fees will be deducted first from USDC, and if insufficient, from other crypto assets. Accounts that withdraw all assets before November 29 will be exempt from fees.Assets not withdrawn after December 31 may be considered inactive accounts and may be converted, transferred, or otherwise processed. Users can proactively close their accounts and withdraw funds at any time.

OpenAI Chief Financial Officer Sarah Friar stated in an interview with CNBC on Friday that the company will not change its AI infrastructure investment plans due to the results of the U.S. midterm elections. It will continue to collaborate with major hyperscale cloud service providers and meet AI customer demands through financing. She believes that the election results will not significantly change the company's business, but with increased attention on data centers, OpenAI will continue to strengthen communication and build trust with local communities.In this midterm election, out of 41 local data center-related votes in 10 states, only one did not support measures to limit construction or oppose support for development. Voters are mainly concerned that data centers will drive up electricity costs, harm the environment, and impact employment. Friar stated that OpenAI secretly submitted its listing application to the U.S. Securities and Exchange Commission in June and is considering going public in 2027, while negotiating a new round of financing with a pre-investment valuation of $1.25 trillion. She emphasized that the demand for AI is real and continues to grow.

David Allen, head of long-short strategy at Plato Investment Management, stated that the root cause of Thursday's market sell-off lies in investors conflating the transformative potential of artificial intelligence with whether related investments can yield returns. The Nasdaq 100 index plummeted as investors sold off U.S. tech stocks, driven by market speculation that Congressional Democrats would strengthen regulations on the AI industry.Allen noted that there has been a survival competition among large hyperscale cloud service providers, and the results of the midterm elections effectively provided a trigger for the significant market decline. Vihari Ross, portfolio manager at Antipodes Partners, mentioned that this round of sell-off reflects not so much structural issues within AI companies, but rather that the market is beginning to reassess the realistic conditions for related investments in the next phase.Ross stated that achieving goals requires massive debt investment, and the cost of capital and interest rates are crucial. Additionally, it depends on whether sufficient power supply can be secured and whether market demand can be maintained at current levels. She also remarked that assuming all companies can achieve perfect results may not be a wise approach.

Jeff Park, a partner at ParaFi Capital and an advisor to Bitwise and Solana, stated that the artificial intelligence company Anthropic is facing failure due to extreme asset-liability mismatches in its business model, requiring substantial equity support to maintain credit and cover massive non-cancelable computing power commitments.Jeff Park cited the example of the "confidence game" in the cryptocurrency market, pointing out that if the company's stock price does not rise significantly after its IPO, it will fall into a death spiral. He believes the best outcome is for the company to fail and be acquired, or for the U.S. government to collaborate with sovereign funds from the UAE, Saudi Arabia, and others for an international bailout to restore market confidence.

Paraguayan President Santiago Peña announced his resignation on Thursday due to a political crisis triggered by the collapse of digital bank Ueno Bank. In a video posted on the X platform, Peña stated that his resignation was to maintain national stability, social peace, and democratic institutions, with his primary task being to protect the Paraguayan people who entrusted their savings to the financial system.The Central Bank of Paraguay announced on Tuesday the initiation of liquidation procedures for Ueno Bank after discovering that its solvency ratio had fallen below half of the regulatory minimum requirement. Peña is facing political scrutiny due to his previous business ties with Grupo Vázquez, the holding company of Ueno Bank; according to the Associated Press, he remained a business partner of the group until March 2025. Peña denied any wrongdoing, stating that the controversy initially was merely a regulatory issue that escalated into a political dispute.This banking crisis is also accompanied by rising quotes for Tether's USDt in the peer-to-peer market targeting Paraguay, with a bid on Thursday morning quoted at 1 USD to 6942 Paraguayan Guarani, approximately 13% higher than the Central Bank's reference rate of 6144.02 on November 4. According to Reuters, lawmakers are debating impeachment proceedings over allegations of conflicts of interest, pension abuse, and institutional cover-ups. Peña was elected in April 2023 and took office in August of the same year, with a five-year term originally set to end in 2028; if Congress accepts his resignation, Vice President Pedro Alliana will assume the remaining term.

Coincheck announced that due to a malfunction of the external on-chain analysis service it uses, as of November 5th, 0:04 Japan time, there has been a delay in processing cryptocurrency deposit and withdrawal requests on the platform.To address the malfunction, Coincheck has temporarily stopped accepting new cryptocurrency withdrawal requests and has canceled some withdrawal requests that have not yet been processed. Some requests will be temporarily retained and will be re-evaluated once the system is restored.Coincheck stated that this incident was caused by an external service failure, and there has been no unauthorized access to the platform, nor has there been any security incident affecting user assets. User-held assets remain securely stored. Canceled withdrawal requests have had their corresponding assets returned to the user's Coincheck account balance, while deposit processing delays are still ongoing. The platform will gradually process requests once the relevant systems are restored and will announce the service recovery time separately.

According to a report by the Korean News Agency, an official from South Korea's Ministry of Unification stated that the government has not yet begun discussions on whether to impose sanctions due to North Korea's alleged theft of cryptocurrency from Binance. Currently, the South Korean government has not fully grasped the specifics of this hacking incident, and discussions on related responses have not yet been initiated.Previously, the Federal Bureau of Investigation (FBI) identified North Korea as responsible for the theft of over $6 billion in cryptocurrency from Binance, the world's largest cryptocurrency exchange platform. North Korean leader Kim Jong-un's sister, Kim Yo-jong, denied the allegations earlier this week, calling them a "serious political provocation" against North Korea. An official from the Ministry of Unification stated that further information sharing and discussions are still needed within the government.

The Japanese cryptocurrency exchange Zaif announced that its email service provider Arara suffered an external unauthorized access, resulting in the leak of approximately 380,000 registered customer email addresses (after deduplication).Zaif stated that the leaked information is limited to email addresses and does not include names, transaction information, passwords, or other data. Their own system has not detected any intrusion, and accounts cannot be logged in with just the email addresses. Currently, there is no confirmation of asset damage or other secondary harm. Due to the suspension of Arara's services, Zaif has halted email sending and reminded customers to be vigilant against phishing emails impersonating them or Arara, advising not to click on links or enter authentication information, and recommending the use of authentication applications for two-factor authentication.

Polkadot's treasury lost approximately 1.38 million dollars due to a failure to synchronize an XCM patch to the production environment. The defect in the patch caused a pricing deviation in the DOT/dotUSD trading pool, resulting in a loss of treasury funds.Subsequently, Polkadot fixed the accounting issue of the dotUSD stablecoin supply through a network upgrade, which did not change the holders' balances.

According to Gate market data, following the Democratic victory in the U.S. midterm elections, precious metals have become the biggest winners. Ole S. Hansen, the chief strategist at Saxo Bank, stated that gold and silver prices have risen due to a weaker dollar and declining U.S. Treasury yields.Gold prices have rebounded to $4,043 per ounce after falling below $4,000 per ounce in October, an increase of nearly 3%. Silver prices have risen about 4%, reaching $52 per ounce.

The founder of the blockchain security company Slow Mist, Yu Xian, posted on the X platform stating that many people, after watching the disclosure of the theft process by Binance, believe that the involved engineer made basic mistakes and had excessive permissions.Yu Xian indicated that such incidents belong to Advanced Persistent Threats (APT), involving human exploitation, intelligence reconnaissance, evasion of malicious code, trust chain exploitation, targeted lateral poisoning, cloud environment penetration, risk control bypass, and 0-day vulnerabilities, among other aspects. One cannot only focus on the initial social engineering phase.

Matthew Sigel, the Head of Digital Asset Research at VanEck, stated that Citigroup Wealth released a report titled "Expanding the Investable Universe: A Guide to Crypto ETFs," recommending spot BTC and ETH ETFs to suitable clients as a way to allocate digital assets through regulated brokerage accounts beyond stocks and bonds. Additionally, on August 18, Citigroup announced that its new Custody+ platform will begin holding Bitcoin for institutional clients this year.Sigel noted that this will make Citigroup the 6th bank among the 29 global systemically important banks to have launched or announced institutional Bitcoin custody, following BNY, Standard Chartered, Société Générale, State Street, and Deutsche Bank. BNY, Standard Chartered, and SG-Forge have been licensed and are serving institutions, while Deutsche Bank stated it will launch within weeks, and JPMorgan has indicated it will not provide custody at this time. Sigel mentioned that last week's Binance hacking incident may be one reason for Citigroup not announcing the timeline, as he heard the service was originally set to launch last week.

According to official news, to prevent stolen funds from Binance from flowing through its protocol, Relay has taken measures that have resulted in some transactions and routing being paused or delayed, and users do not need to take action.Relay stated that the team is using multi-layer risk and compliance screening measures to block addresses related to hackers and is collaborating with Binance, law enforcement agencies, and ecosystem security teams. Due to ongoing work, the information that can be disclosed is limited.

Binance founder Zhao Changpeng posted on the X platform that U.S. law enforcement agencies, including the FBI, the United States Secret Service (USSS), and the Internal Revenue Service (IRS), provided crucial assistance in the Binance theft incident, including tracking and freezing funds.Zhao Changpeng stated that a single tweet cannot fully express his gratitude, and many cryptocurrency users may not realize that "the reason Bitcoin did not drop more" is largely due to their efforts.Previously, the FBI confirmed that North Korea was behind the theft of over $6 billion from Binance.

According to an analysis by the Slow Mist security team, the cross-chain protocol zkLink was attacked, resulting in a loss of approximately $783,000.The attacker used residual verification values in transient storage to forge the batch root required for withdrawal verification, subsequently completing 12 withdrawals, including 1 ETH withdrawal and 11 ERC-20 token withdrawals.The attacker first claimed and wrote the verification value through a real cross-chain message, then reused that value in subsequent calls of the same transaction, leveraging the relay and gateway contracts to write the forged batch root.The relevant contracts allow relayers to specify external call targets and parameters, and the verification value was not cleared or bound to the current call; the batch root update only verifies the gateway identity, lacking independent proof verification.

According to CoinDesk, Nasdaq-listed software company Next Technology Holding (NXTT) announced that its board has authorized the sale of approximately 5,833 BTC it holds, or to use these bitcoins as collateral for financing, valued at about $449 million based on the reported price.The company cited the theft from Binance, security vulnerabilities of trading platforms, and the potential threat of quantum computing to Bitcoin's cryptography as reasons for the decision, emphasizing that its bitcoins are not stored on Binance or held through Binance.The specific timing, price, and scale of the transaction will be determined by CEO Weihong Liu. The authorization allows for sales through trading platforms, private negotiations, or Bitcoin collateral financing, but does not guarantee that any transaction will ultimately be completed.NXTT closed on Friday with a market capitalization of approximately $7.8 million, and the disclosed value of its Bitcoin holdings exceeds 50 times the company's market value. The company's annual report stated that almost all bitcoins are held in custody by a Japanese institution, but the name of the custodian was not disclosed.

Security company GoPlus released a vulnerability analysis on social media, stating that the prediction market platform Polymarket's international site experienced a user asset theft incident. The RUM script from third-party performance monitoring service DebugBear was compromised by supply chain attacks, delivering malicious code to user pages and abusing their trading and signing permissions.On-chain analysis shows that the main path involved 710 DepositWallets and 731 addresses, with losses of approximately 2.71 million dollars; the number of addresses does not represent the actual number of users. Polymarket's official statement later indicated that the issue has been resolved and services have been restored, while also promising full compensation to affected traders, with the actual compensation progress to be based on subsequent official announcements.

Du Jun posted on platform X, stating that family offices that were advised to allocate BTC and ETH years ago, after experiencing theft from centralized exchanges and security incidents in cold wallet supply chains, have all converted their BTC into IBIT, and some have sold their crypto assets to buy physical gold and other traditional assets.Du Jun expressed that he does not know how to persuade these family offices, and currently, there seems to be no solution.